Davis Polk – BHP Billiton Announces End of U.S. FCPA Investigations

Davis Polk advised BHP Billiton on investigations conducted by the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice (“DOJ”) into potential breaches of the Foreign Corrupt Practices Act (“FCPA”) related to previously terminated minerals exploration and development efforts as well as hospitality provided by the Company to foreign government officials at the 2008 Beijing Olympic Games. The DOJ completed its investigation without taking any action. Today, the SEC announced a settled administrative proceeding related to BHP Billiton’s hospitality program hosted by BHP Billiton in connection with its sponsorship of the 2008 Beijing Olympic Games

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Kirkland & Ellis Advising on China Galaxy Securities US$3.1 Billion Share Placing

Kirkland & Ellis is advising a consortium of placing agents led by Goldman Sachs, China Galaxy International and Nomura in connection with the US$3.1 billion placing of H shares of China Galaxy Securities Co., Ltd. This placing is the largest follow-on offering in China and second largest follow-on offering in Asia in 2015 to date.

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Freshfields Strengthens Asia Practice with Appointment of Thomas Ng

International law firm Freshfields Bruckhaus Deringer has appointed leading Asian banking, finance and energy lawyer Thomas Ng to the firm’s partnership. He will be based in the firm’s Hong Kong office.
Mr Ng specialises in advising Chinese banks and companies on major banking, projects and energy transactions throughout Asia and around the world

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Davis Polk Advises Shanda Games on Its Going-Private Acquisition

Davis Polk is advising Shanda Games Limited (“Shanda Games”) in connection with its going-private acquisition for $3.55 per ordinary share or $7.10 per American Depository Share by a consortium consisting of Ningxia Yilida Capital Investment Limited Partnership, Ningxia Zhongyincashmere International Group Co., Ltd., Orient Hongtai (Hong Kong) Limited, Hao Ding International Limited and their respective affiliates. The transaction is subject to customary closing conditions, including approval by the shareholders of Shanda Games and is expected to close in the second half of 2015

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Jones Day Expands Fund Formation Capabilities in Asia with Addition of Scott D. Peterman in Hong Kong

Jones Day is pleased to announce that Scott D. Peterman has joined as a partner in the Firm’s Private Equity Practice. Formerly a partner with Sidley Austin, Mr. Peterman will be based in the Firm’s Hong Kong Office.

Mr. Peterman is a recognized market leader in the representation of private fund sponsors and investors in connection with the formation of alternative investment vehicles, including private equity funds, real estate funds, and hedge funds. Mr. Peterman is currently ranked by Chambers Asia-Pacific in “Band 1″ for China Investment Funds. Together with our Band 1 ranked Singapore investment funds practice, Jones Day now has increased capability to advise fund sponsors and investors on an Asia-wide basis.

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Milbank Adds Global Securities Partner David Kuo in Hong Kong

In a significant addition to its longstanding Asia and Hong Kong securities practice, Milbank, Tweed, Hadley & McCloy LLP announced that corporate and capital markets adviser David Kuo has joined the firm as a partner in its Hong Kong office.

Mr. Kuo represents Chinese companies and other high-yield issuers and underwriters on a wide variety of debt- and equity-linked capital markets transactions—including high-yield, investment-grade, RMB, convertibles and corporate hybrids. He also counsels on liability management exercises, including debt restructuring, tender offers and exchange offers.

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