Davis Polk advised Grupo Aval on the registration of its preferred shares under the Securities Exchange Act of 1934. Grupo Aval is Colombia’s largest banking group, with total assets of US$43.9 billion at September 30, 2010, and is a leading banking group in the Central American market. Grupo Aval consists of Banco de Bogotá, BAC Credomatic, Banco de Occidente, Banco Popular, Banco AV Villas, Corficolombiana and Administradora de Fondos de Pensiones y Cesantías Porvenir, as well as other financial affiliates, including leasing, trust, brokerage and bonded warehouse companies.
Tags: Davis Polk & Wardwell Monthly Archives: April 2011
Gordon & Rees Opens in Austin, Expands in Houston, and Deepens National Product Liability Practice
Gordon & Rees LLP, a full-service litigation and business transactions firm, continues its national expansion with a new 10-attorney office in Austin and two additional attorneys in the Houston office. Austin is the firm’s 19th U.S. office, closely following the opening of an office in Atlanta in February 2011. The 12 attorneys join Gordon & Rees from Clark, Thomas & Winters and will increase Gordon & Rees’s presence in Texas to more than 40 attorneys in Austin, Dallas and Houston.
Tags: Gordon Rees Scully Mansukhani, LLP | Austin Paul Hastings Advises Lenders on Leveraged Buy-Out of Carlyle-Owned Company
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised ING Bank, Taipei Fubon Commercial Bank and Chinatrust Commercial Bank in connection with the acquisition by IK Investment Partners of the Offshore Incorporations group of companies, which provides company formation and associated services in Asia, from the Carlyle Group. IK Investment intends to create a world leading global trust and corporate services provider by merging the corporate service part of the Group, Acceptor and Credence Trust, with IK’s portfolio company Vistra Group, a provider of fund administration, trust and corporate services in Europe. The combined group will have 500 employees and is expected to benefit from Asian GDP growth, foreign direct investment into and out of the flourishing continent and an increase in M&A activity.
Tags: Paul Hastings LLP | Hong Kong White & Case Advises Lenders on 165 Billion Yen Refinancing for eAccess and eMobile
Global law firm White & Case LLP acted as international counsel to the lenders in a 165 billion yen (approximately US$2 billion) syndicated bank facility provided to eAccess Ltd., the Japanese internet service provider and parent of mobile data company, eMobile Ltd. This landmark transaction is the first in the Japanese market to combine a syndicated facility with a simultaneous high yield bond. It is also the first major syndicated telecoms financing in Japan since the global financial crisis. Adding to the deal’s complexity was the planned merger of eAccess and eMobile that occurred on 31 March, the date of the drawdown under the syndicated facility agreement.
Tags: White & Case LLP | Tokyo Dickstein Shapiro Wins Jury Verdict for Client Swisslog in Patent Infringement Case
Dickstein Shapiro LLP is pleased to announce that a jury in the U.S. District Court in Delaware found in favor of firm clients Swisslog Italia S.p.A. and Translogic Corp., part of the Swisslog Group, a global provider of logistic solutions for the movement of materials, in a patent infringement lawsuit brought by McKesson Automation Inc., part of healthcare giant McKesson Corporation. The jury found unanimously that Swisslog’s PillPick® automated pharmacy system did not infringe McKesson’s patents.
Tags: O’Melveny Represents Verdugo Mental Health in Bankruptcy Proceedings
A team from O’Melveny & Myers LLP including partner Robert Jones, counsel Andrew Parlen and Jennifer Taylor, associates Patricia Verdugo-Chatel, Jamie Oh, and Robert Pickering, along with former partner David Ezminger, among others, represented Verdugo Mental Health in its Chapter 11 bankruptcy filing in the US Bankruptcy Court for the Central District of California.
Tags: O'Melveny & Myers, LLP Ashurst Advises International Banking Syndicate on €1.5bn Benchmark Bond of Erste Abwicklungsanstalt
Wolf Theiss Advises paysafecard.com on First Payment Services License in Austria
Wolf Theiss advised paysafecard.com Wertkarten Vertriebs GmbH, a leading provider of prepaid payment solutions, on securing the first – and so far only – payment services concession in Austria.
Bird & Bird Assists Northland Resources in the Sale of Its Non-ferrous Assets in Sweden
Bird & Bird has advised Northland Resources S.A. (listed on the Toronto and Oslo Exchanges) in connection with the sale of the company’s non-ferrous projects in Sweden, including the Barsele Gold Project, to TSX Venture Exchange listed Orex Minerals Inc, a silver and gold exploration company with projects in Mexico.
Tags: Bird & Bird Shearman & Sterling Advises Eurex Zürich AG on the Increase of Its Stake in EEX AG
Shearman & Sterling advised Eurex Zürich AG (Eurex) on the increase of its stake in Leipzig-based European Energy Exchange AG (EEX).
Tags: Shearman & Sterling LLP