Simpson Thacher Represents the Dealers in Connection with the Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$3 billion of senior notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. SMBC Nikko Capital Markets Limited, Barclays Bank PLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch International, Nomura Securities International, Inc. and SMBC Nikko Securities America, Inc. are dealers under the program. Goldman, Sachs & Co., SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., Barclays Capital Inc. and Nomura Securities International, Inc. acted as the representatives for the offering of the senior notes.

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Greenberg Traurig Announces Tokyo Office, Expanding Asia Practice

International law firm Greenberg Traurig, LLP has reinforced its depth of coverage across the Asia Pacific with the opening of a new office in Tokyo, Japan.

The Tokyo office is the firm’s third in the region and will work collaboratively with existing teams in Shanghai, China and Seoul, Korea. It is Greenberg Traurig’s 37th office worldwide. Greenberg Traurig Tokyo Law Offices will be operated by Greenberg Traurig Horitsu Jimusho, an affiliate of Greenberg Traurig, P.A. and Greenberg Traurig, LLP.

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Morgan Lewis Expands in Japan with Addition of 16-Person Team from Bingham McCutchen

Morgan Lewis has enhanced its practice in Japan with the addition of a 16-person team, including five partners, from Bingham McCutchen. The new team comprised of 10 lawyers and six staff significantly strengthens Morgan Lewis’s cross-border asset management, IP, financial services, and M&A practices in Japan. Together with the firm’s long-standing joint enterprise with TMI Associates, Morgan Lewis and its 29 lawyers and staff resident in Tokyo provide deep and broad capabilities for both in-bound and out-bound legal services in Japan.

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Opening of Broad & Bright Tokyo Office

Broad & Bright Tokyo Office is established by Broad & Bright in association with Japan Toranomon Chuo Law Firm (hereinafter referred to as ‘Toranomon Chuo Firm’) in a form of joint venture, which has been approved by the Ministry of Justice of Japan and Japan Federation of Bar Association, and registered in Japan as an overseas branch of Broad & Bright. The official registered name is Toranomon Chuo Law Firm Broad & Bright Foreign Law Firm (foreign law joint venture).

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Recruit’s IPO Raises $1.8 Billion

The Tokyo office of Simpson Thatcher recently represented Recruit Holdings Co., Ltd. (“Recruit”) in connection with its initial public offering on the Tokyo Stock Exchange and global offering to institutional investors pursuant to Rule 144A and Regulation S under the Securities Act. Recruit sold 21,589,600 shares in the international offering, with an additional 6,000,000 shares sold by the selling shareholders in the international offering.

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Clifford Chance advises Mitsubishi Corporation on its acquisition of Cermaq ASA

Leading international law firm Clifford Chance has advised Mitsubishi Corporation on its voluntary cash offer for the entire issued share capital of Cermaq ASA, a multinational fish farming group listed on the Oslo Stock Exchange. The acquisition, which is valued at approximately NOK8,880million (£838million) completed earlier in November.

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