Davis Polk Advises Dalian Wanda Group on Its Acquisition of AMC

Davis Polk is advising Dalian Wanda Group Co., Ltd. (Wanda) on its approximately $2.6 billion acquisition of AMC Entertainment Holdings, Inc. (AMC). As part of the transaction, Wanda intends to invest up to an additional $500 million in AMC over time to fund AMC’s strategic and operating initiatives. The transaction is subject to customary closing conditions and U.S. and Chinese regulatory approvals.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises Warburg Pincus on Its Investment in Quikr

Davis Polk acted as U.S. law adviser to Warburg Pincus in connection with its investment in Quikr Mauritius Holding Private Limited. Existing investors Matrix Partners India, Norwest Venture Partners and eBay Inc. also participated in this round of fund raising, which is the fifth and the largest round of capital raised and involved an investment of $32 million.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Clifford Chance Advises Swiss Re on GBP 1.4bn Longevity Insurance Cover for Akzo Nobel’s UK Pension Fund

International law firm Clifford Chance has advised Swiss Re on a GBP 1.4bn longevity insurance contract covering Akzo Nobel’s UK company pension obligations. The contract sees Swiss Re offer protection for Akzo from the risk of having to fund increasing deficits in the defined benefit scheme if UK employees live longer than forecast.

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New International Trade Team Brought on By Orrick, Herrington and Sutcliffe

Two specialists in international trade, Harry Clark and Clark McFadden, have been brought on board by the Washington D.C. branch of historic law firm Orrick, Herrington & Sutcliffe L.L.P.

Clark, who will be a partner in the firm, has a wide span of expertise ranging from government contracting regulations and U.S. Treasury Department economic sanctions to anti-money laundering.

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Portland is a Great Place for Legal Professionals

A lot of attention is given to the most popular metro areas in the United States, but legal recruitment specialists know the intrinsic value of smaller urban cities that sometimes have more job opportunities than their larger counterparts. Portland is one of those communities – situated between San Francisco and Seattle, this green city offers great quality of life and fantastic employment opportunities.

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Historic Houston Law Firm Elects New Chair

Kenneth L. Stewart will be taking the title of Chair of the Executive Committee at the international law firm of Fulbright & Jaworski L.L.P.

Lauded for his work with clients on everything from securities transactions to $2.7 billion mergers, Stewart is expected to bring his expertise in client-focused law practice to his new position.

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Tags:  Houston