Davis Polk, together with Linklaters, represented the joint administrators of Lehman Brothers International (Europe) (“LBIE”) in connection with the litigation and settlement of $38 billion in claims between LBIE and Lehman Brothers Inc (“LBI”). The Lehman Brothers SIPA case is by far the largest SIPA proceeding on record involving an insolvent broker-dealer. The execution last week by LBIE and LBI of the definitive documentation of the settlement and the filing in the bankruptcy court today of the motion seeking approval of the settlement agreement represents a critical milestone in the Lehman Brothers administration and, subject to court approval, will unlock substantial distributions for creditors who hold tens of billions of dollars in claims.

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Chadbourne & Parke LLP represented GeoPark Holdings Limited (“GeoPark”), an oil and gas exploration company listed on the Alternative Investment Market of the London Stock Exchange, and its subsidiaries in the issuance by GeoPark Latin America Limited Agencia en Chile (the “Issuer”) of US$300 million of 7.50% Senior Secured Notes due 2020.

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A joint venture with Tishman Speyer to acquire a 1.7 acre parcel of land located at 201 Folsom Street, San Francisco and then develop and construct a 655 unit residential luxury condominium project with 10,963 square feet of ground floor retail space and associated amenities, including a gym, pool, spa, children’s playroom, rooftop community space, private screening room and business and conference facilities. The venture will also acquire 1400 Mission Street, San Francisco and develop 190 affordable residential condominium units and 4,262 square feet of ground floor retail to serve as the off-site inclusionary below market rate project for 201 Folsom Street.

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International law firm Clifford Chance advised Royal Dutch Shell plc on its acquisition of part of Repsol S.A.´s LNG portfolio outside of North America for a cash consideration of US$4.4 billion. The transaction includes plant capacity and supply positions in Peru and Trinidad and Tobago, a 25 per cent stake in a power plant in Spain and a material LNG marketing and trading operation. Shell will also assume and consolidate balance sheet liabilities predominantly reflecting leases for LNG ship charters of currently US$1.8 billion. The transaction is expected to close in the second half of 2013 or early 2014, subject to regulatory approvals and other conditions precedent.

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