Global law firm White & Case LLP has advised Banco Bilbao Vizcaya Argentina (BBVA) on the purchase of 24.9% of Turkey’s leading bank, Turkiye Garanti Bankasi AS, for €4.2 billion ($5.9 billion).
Tags: White & Case LLPMonthly Archives: November 2010
Cuatrecasas, Gonçalves Pereira to Represent FC Barcelona Against its Previous Board of Directors
FC Barcelona’s board of directors today agreed to entrust Cuatrecasas, Gonçalves Pereira with the lawsuit it filed against the former board of directors because of the club’s losses. The law firm will also advise FC Barcelona in the lawsuit the former directors have filed against the Assembly.
Herbert Smith Advises PTTEP on its Acquisition of a Non-Operated Interest from Statoil Canada in KKD Oil Sands Project
The Herbert Smith Asian energy team advised PTT Exploration and Production Public Company Limited (PTTEP) as international legal counsel on its acquisition of a 40% stake in the Kai Kos Dehseh Oil Sands Project (KKD) in Canada. The transaction was completed through the purchase of 40% of the partnership units of Statoil Canada Partnership (SCP) for a total consideration of US$ 2.28 billion on 22 November 2010.
Tags: Herbert Smith Freehills LLPShearman & 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.
Tags: Shearman & Sterling LLPDLA 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.
Tags: DLA PiperSixth 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.
Tags: Shearman & Sterling LLPK&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.
Tags: K&L GatesDavis Polk Advising EBX on Its Offer to Acquire All Outstanding Shares of Ventana Gold
Davis Polk is advising EBX Group Ltd. with respect to U.S. matters on its approximately C$1.2 billion offer to acquire all of the outstanding publicly held shares of Ventana Gold Corp. Through its subsidiary 63X Master Fund, EBX currently holds 20% of Ventana’s common shares.
Tags: Davis Polk & WardwellDavis 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.
Tags: Davis Polk & WardwellCleary Gottlieb to Open Office in São Paulo
International law firm Cleary Gottlieb announced today that it plans to open an office in São Paulo, Brazil in 2011, subject to approval of Brazilian authorities. Partners Juan Giráldez and Francisco Cestero, who are currently based in New York and Rome, respectively, will relocate to São Paulo to head the office.
Tags: Cleary Gottlieb Steen & Hamilton LLP | Sao Paulo