Porter Hedges Represents Cameron International Corporation in the $270 Million Acquisition of TTS Energy Division

Porter Hedges represented Cameron International Corporation (“Cameron”) in an agreement announced today to acquire the drilling equipment business of TTS Energy Division from TTS Group ASA (Oslo Stock Exchange) in an all cash transaction valued at $270 million. The deal is expected to close in mid-2012, subject to customary closing conditions, including review and approval by the Norwegian Competition Authorities (NCA).

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Tags:  Porter Hedges LLP | Houston

Steptoe Expands International Department, Latin American Practice with the Addition of Brazilian Pablo Bentes from the WTO

Steptoe is pleased to announce that Pablo Bentes, a native of Brazil who most recently served six years as a legal officer in the Appellate Body Secretariat of the World Trade Organization (WTO) in Geneva, has joined the firm’s International Trade and International Regulatory Compliance practice groups as a director.  Mr. Bentes will reside in the firm’s Washington office, traveling regularly to Brazil and other parts of Latin America in connection with Steptoe’s expanding practice in Brazil and South America more generally.

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Tags:  Steptoe & Johnson PLLC

Dechert Adds Emerging Markets Team, Opens in Dubai

Dechert LLP announced today that it will add a leading emerging markets team to its corporate and securities practice. Led by Camille Abousleiman, who will be Head of the firm’s Middle East and Africa practice, the team also includes partners Louise Roman Bernstein, Chris P. Sioufi, Gavin B. Watson and Nicola Mariani. In connection with the team joining, Dechert will open an office in Dubai, in addition to bolstering its existing US and UK capital markets practice groups.

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Tags:  Dechert LLP | Dubai

Cozen O’connor Adds Three Dewey & LeBoeuf Attorneys Including Energy Partner Michael D. Klein

Cozen O’Connor announced that Michael D. Klein will join the firm’s energy, environmental & public utility practice group, splitting his time between the firm’s Washington, D.C., and Harrisburg, Pa., offices. He joins from Dewey & LeBoeuf where he was a partner and practiced for more than 20 years. Also joining the energy, environmental & public utility practice group are former Dewey & LeBoeuf associates Ahren S. Tyron, who will join the firm as a Member, and Joshua L. Belcher who will join as an associate.

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Tags:  Cozen O'Connor, P.C.

High-Profile Team of Corporate and Tax Lawyers Joins DLA Piper in Chicago

DLA Piper today announced that prominent lawyers Neal Aizenstein, Andrew Weil and Michael Legamaro have joined the firm in Chicago as partners. Aizenstein and Weil join the firm’s Corporate and Finance practice, while Legamaro joins the Tax practice. The team joins DLA Piper from Morgan, Lewis & Bockius LLP, where Aizenstein also served as Chicago office managing partner.

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Tags:  DLA Piper

Mitsui Sumitomo Insurance To Acquire Portion of Indian Insurer From New York Life

Paul, Weiss advised Mitsui Sumitomo Life Insurance Co. Ltd (MSI) in its agreement to acquire 26 percent of Max New York Life Insurance Company, a leading Indian life insurance company, for Rs 27.3 billion (approximately $530 million). MSI will, subject to regulatory approval, be acquiring New York Life’s entire stake in the life insurer, which is majority-owned by Max India Limited, a company listed on the Bombay Stock Exchange. The agreement was signed on April 12.

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Tags:  Tokyo