Herbert Smith Advises PTTEP on its Acquisition of a Non-Operated Interest from Statoil Canada in KKD Oil Sands Project

The Herbert Smith Asian energy team advised PTT Exploration and Production Public Company Limited (PTTEP) as international legal counsel on its acquisition of a 40% stake in the Kai Kos Dehseh Oil Sands Project (KKD) in Canada. The transaction was completed through the purchase of 40% of the partnership units of Statoil Canada Partnership (SCP) for a total consideration of US$ 2.28 billion on 22 November 2010.

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Tags:  Herbert Smith Freehills LLP

Shearman & Sterling Advises on Republic of Peru’s Global Bond and Global Depositary Notes Offerings

Shearman & Sterling represented Morgan & Stanley Co. Incorporated and Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriters in connection with an SEC-registered offering of US$1,000,000,000 aggregate principal amount of the Republic of Peru’s 5.625% US Dollar-Denominated Global Bonds due 2050. Shearman & Sterling also represented Morgan & Stanley Co. Incorporated as Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotiabank Peru as initial purchasers in a Rule 144A/Regulation S offering of Global Depositary Notes (“GDNs”) representing S. /4,196,250,000 aggregate principal amount of the Republic of Peru’s 7.84% Nuevo Sol-Denominated Bonos Soberanos due 2020. The net proceeds from the offerings are being used for partial prepayment of external indebtedness, reimbursement of expenses to the treasury and prefinancing a portion of the general financing requirements for the year 2011.

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Tags:  Shearman & Sterling LLP

DLA Piper advises Hypercom Corporation on its sale to VeriFone

DLA Piper announced that it is representing Hypercom Corporation in its stock-for-stock with VeriFone Systems, Inc. The deal is valued at approximately $485 million. Verifone and Hypercom are leading global companies in electronic payment solutions, and the merger will combine Hypercom’s strong European presence with Verifone’s strong US and Asian presence.

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Sixth Shearman & Sterling Victory in ICC Pre-arbitral Referee Proceedings

Shearman & Sterling successfully represented its client, a European shipyard company, in an ICC Pre-arbitral Referee procedure in which a North-African State entity had requested interim measures. The applicant sought the appointment of a technical expert on the ground that this was necessary to preserve or establish evidence. The underlying dispute arose out of a contract for the construction of a ferry. In parallel with this procedure, the applicant filed a request for arbitration with the ICC.

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K&L Gates Advises Warsaw Stock Exchange in Acquisition of New IT Trading System

Lawyers from the Warsaw office of global law firm K&L Gates LLP recently represented the Warsaw Stock Exchange (WSE) in negotiations for the acquisition of a new cash and derivatives trading platform with the world’s leading exchange group. The transaction will trigger WSE’s migration from existing technology to a new state-of-the-art platform and is consistent with its international strategy to become the financial center of the Central and Eastern Europe (CEE) region.

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Davis Polk Advises Exxon Mobil Corporation on Tender Offers

Davis Polk advised Exxon Mobil Corporation in connection with tender offers to purchase an aggregate principal amount of $1.244 billion of certain outstanding debt securities of its wholly owned subsidiary, XTO Energy Inc. Barclays Capital Inc. and J.P. Morgan Securities LLC were the dealer managers in connection with the tender offers.

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Tags:  Davis Polk & Wardwell