London and Frankfurt Offices of Bingham McCutchen to Join Akin Gump

International law firm Akin Gump today announces that the London and Frankfurt offices of Bingham McCutchen, along with a group of partners from Bingham’s Hong Kong office, will join the firm. With this 22-partner expansion, Akin Gump will grow its London and Hong Kong offices markedly and will also open the firm’s first office in Germany. The move will be effective over the coming weeks.

The move will bring together Akin Gump’s financial restructuring practice in the United States, led by partners Daniel Golden, Ira Dizengoff, Fred Hodara and Mike Stamer, with the London-based leaders of Bingham’s financial restructuring group, partners James Roome, Barry Russell and James Terry. The combination cements Akin Gump’s reputation as the home of a top-tier global financial restructuring practice and adds substantial depth to the firm’s corporate, finance, disputes, regulatory and tax practices while significantly increasing the firm’s international footprint.

The firm further expects to welcome a number of additional attorneys from Bingham soon in London, Hong Kong and Frankfurt.

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Source:  www.akingump.com

Paul Hastings Advises China Rongsheng’s US$281 Million Acquisition in Kyrgyzstan Company

Paul Hastings, a leading global law firm, announced today that the firm advised China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng”) in relation to the acquisition of a 60% equity interest in Central Point Worldwide Inc. (“Central Point”) by its indirectly wholly-owned subsidiary, Ocean Sino Holdings Limited.

The consideration for the acquisition is HK$2.184 billion (US$281 million), which is satisfied by the allotment and issuance of 1,400,000,000 shares by China Rongsheng.

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Source:  www.paulhastings.com

Milbank Acts on Highly Successful US$ Reopening of High Yield Notes for Philippine Property Developer

The international law firm Milbank, Tweed, Hadley & McCloy has recently advised on the successful reopening of notes by the Vista Land group. Milbank advised DBS Bank Ltd. (DBS), as international underwriter, on the US$125 million reopening of 7.45% Guaranteed Notes due 2019 (the Notes) by VLL International, Inc., a subsidiary of Vista Land & Lifescapes, Inc. (Vista Land), one of the largest residential property developers in the Philippines. The Notes were unconditionally guaranteed by Vista Land and other subsidiaries of the Vista Land group.

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Source:  www.milbank.com

Norton Rose Fulbright advises COFCO Land on HK$2 billion acquisitions of two real estate companies

Global legal practice Norton Rose Fulbright has advised COFCO Land Holdings Limited on its acquisitions of the minority interests in Jetway Developments and Yalong Development (HK) Company.

The aggregate consideration was approximately HK$2 billion which was satisfied by the issue and allotment of shares in COFCO Land to the respective sellers.

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Source:  www.nortonrosefulbright.com

Paul Hastings Represents West China Cement in US$400 Million High-Yield Bond Offering

Paul Hastings, a leading global law firm, announced today that the firm represented West China Cement Limited in connection with its Regulation S offering of US$400 million of 6.50% senior notes due 2019. West China Cement is one of the leading cement producers in Shaanxi Province. Credit Suisse and Nomura acted as Joint Bookrunners and Joint Lead Managers for the transaction.

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Source:  www.paulhastings.com

Paul Hastings Represents J.P. Morgan, Credit Suisse, UBS et al in US$350 Million High-Yield Bond Offering for Future Land

Paul Hastings, a leading global law firm, announced today that the firm represented J.P. Morgan Securities plc, Credit Suisse Securities (Europe) Limited, UBS AG, Hong Kong Branch, BNP Paribas, Hong Kong Branch, CLSA Limited and China Merchants Securities (HK) Co., Limited in connection with the Regulation S offering of US$350 million of 10.25% senior notes due 2019 by Future Land, a leading Chinese property developer focused on developing quality residential and mixed-use projects.

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Hebert Smith Freehills advises the joint sponsors of HK$1.4 billion Kangda IPO

Herbert Smith Freehills has advised Macquarie Capital Securities Limited and ICBC International Capital Limited in relation to their role as the joint sponsors of Kangda International Environmental Company Limited’s (“Kangda”) HK$1.4 billion Initial Public Offering (IPO) and listing on the Hong Kong Stock Exchange.

Kangda is a leading wastewater treatment service provider in the People’s Republic of China. The company listed on the Hong Kong Stock Exchange on 4 July 2014.

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Deacons advises Broad Greenstate International Company Limited on its Main Board IPO

Deacons advises Broad Greenstate International Company Limited (Broad Greenstate), the second landscape architecture service provider seeking a Main Board listing in Hong Kong. Broad Greenstate’s Main Board IPO is expected to raise up to approximately HK$436.5 million (subject to the exercise of over-allotment option) for Broad Greenstate and the selling shareholders.

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Paul Hastings Advises Sino-Ocean Land on US$800 Million Multi-currency Syndicated Loan Facility

Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Land Holdings Limited (“Sino-Ocean Land”), one of the largest real estate companies in China, whose shares are listed on the Hong Kong Stock Exchange, on a 3-year multi-currency term loan facility in the principal amount of approximately US$800 million-equivalent, with US dollar and HK dollar tranches.

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Appleby Advised Cosmo Lady on its Hong Kong Listing

Appleby acted as Cayman counsel for Cosmo Lady (China) Holdings Limited (Cosmo Lady) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 26 June, with gross proceeds of approximately HK$1.56 billion. Cosmo Lady will use the majority of the net proceeds from the global offering for expansion of its retail network, as well as establishment of three logistics centers in Dongguan, Tianjin and Chongqing in China.

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