Baker & McKenzie Advises China Eastern Airlines on Joint Venture with Qantas to Set Up Jetstar Hong Kong

Baker & McKenzie recently advised China Eastern Airlines Corporation Limited (“CEA”) on its joint venture agreement with Jetstar International Group Holdings Co. Limited, a wholly owned subsidiary of Qantas Airways Limited (“Qantas”), to establish Jetstar Hong Kong, a Hong Kong-based Jetstar-branded low cost airline. CEA and Qantas are investing up to USD198 million in the joint venture.

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Tags:  Baker McKenzie | Beijing

Davis Polk – Ayala Land, Inc. PHP13.6 Billion Equity Offering

Davis Polk advised Ayala Corporation and Ayala Land, Inc. in connection with a Rule 144A/Regulation S offering by Ayala Corporation of 680,000,000 common shares of Ayala Land, Inc. for gross proceeds of approximately PHP13.6 billion. Goldman Sachs (Singapore) Pte., J.P. Morgan Securities plc and UBS AG acted as placement agents in connection with the offering.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Shearman & Sterling Advises on Bank of Montreal’s $1.7 Billion Medium-Term Notes Offering

Shearman & Sterling represented BMO Capital Markets Corp., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC as lead underwriters in connection with Bank of Montreal’s registered public offering of $1.0 billion aggregate principal amount of 1.40% Senior Notes due 2017 and $700.0 million aggregate principal amount of Floating Rate Notes due 2015 under its U.S. medium-term note program.

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Tags:  Shearman & Sterling LLP

Simpson Thacher Represents Toll Brothers in $250 Million Exchangeable Senior Notes Offering

The Firm recently represented Toll Brothers, Inc. and its subsidiaries in connection with a Rule 144A offering by Toll Brothers Finance Corp. of $250 million aggregate principal amount of 0.50% Exchangeable Senior Notes due 2032 (the “Notes”). The Notes are guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is a wholly owned subsidiary of Toll Brothers, Inc.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Gardere Represents BP in Sale of Gulf of Mexico Assets to Plains Exploration and Production Company

Gardere Wynne Sewell LLP represented BP in its sale, announced on Sept. 10, 2012, of interests in a number of oil and gas fields in the deepwater U.S. Gulf of Mexico to Plains Exploration and Production Company for a total of $5.55 billion. BP is selling its interests in three BP-operated assets: the Marlin hub, comprised of the Marlin Dorado and King fields; Horn Mountain; and Holstein. The deal also includes BP’s stake in two non-operated assets: Ram Powell and Diana Hoover. Completion of the sale remains subject to regulatory approvals, certain pre-emption rights, and customary conditions. The acquisition is expected to close by the end of 2012.

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Tags:  Foley & Lardner LLP | Houston

Pinsent Masons Expands Shanghai Office

International law firm Pinsent Masons has strengthened its practice in China with the arrival of partners Dr. Bernd-Uwe Stucken and Liu Wei from Salans. They are joined by their team of 13 lawyers and 12 support staff, adding real estate, tax and competition expertise to the firm’s existing corporate services in China.

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Tags:  Pinsent Masons LLP | Shanghai