Yearly Archives: 2012

Cravath – CNH Global’s Merger Agreement with Fiat Industrial

Tuesday, November 27, 2012

On November 26, 2012, the Special Committee (“Special Committee”) of the Board of Directors of CNH Global N.V. (“CNH”) announced that it has recommended the merger agreement entered into today between CNH and Fiat Industrial S.p.A. Cravath represented the Special Committee in connection with this transaction, which is expected to be completed in the second quarter of 2013 and is subject to customary regulatory approvals and limited closing conditions.

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Tags:  Cravath, Swaine & Moore LLP | New York

Dmitry Kurochkin Joins Dechert’s Litigation Group in Moscow

Monday, November 26, 2012

International law firm Dechert LLP announced today that leading Russian litigator Dmitry Kurochkin has joined the firm as a partner in its dispute resolution practice in Moscow. Prior to joining Dechert, Kurochkin worked in the Moscow office of another international law firm, where he served as head of litigation, Central Europe, the Middle East and Africa, and head of the Moscow employment group.

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Tags:  Dechert LLP | Moscow

Paul Hastings Represents Alpek, S.A.B. DE C.V. in $650M Inaugural Notes Offering

Monday, November 26, 2012

Paul Hastings LLP, a leading global law firm, represented Alpek, S.A.B. de C.V., the largest petrochemical company in Mexico and one of the largest in the world, in connection with its inaugural international issuance of debt securities. The oversubscribed offering involved the issuance of $650 million of 4.500% Senior Notes due 2022 pursuant to Rule 144A and Regulation S.

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Tags:  Paul Hastings, LLP | New York

Latham & Watkins Advises Abu Dhabi Islamic Bank PJSC on US$1 Billion Tier 1 Sukuk

Monday, November 26, 2012

Latham & Watkins advised Abu Dhabi Islamic Bank PJSC, one of the leading Islamic banks in the Middle East, in connection with the region’s first perpetual and Basel III compliant tier 1 sukuk issuance. The initial benchmark size for the issuance of US$500 million was more than 30 times oversubscribed, with an order book of US$15.5 billion, and the expected profit rate of 6.375% is the lowest ever coupon for an instrument of this type. The transaction has allowed Abu Dhabi Islamic Bank PJSC to strengthen and diversify its capital base in line with international best practice in capital management.

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Tags:  Latham & Watkins LLP | Dubai

Clifford Chance Advises Carlyle on the First Investment Made by Its Sub-Saharan Africa Fund

Monday, November 26, 2012

Leading international law firm Clifford Chance is advising The Carlyle Group on its strategic minority investment in Export Trading Group (ETG). This is the first investment made by Carlyle’s Sub-Saharan Africa Fund. Other investors in the $210million financing include Standard Chartered’s Africa Private Equity division and Pembani Remgro Infrastructure Fund. ETG is an African agricultural commodities supply chain manager and the deal is the first investment by Carlyle’s Sub-Saharan Africa Fund.

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Tags:  Clifford Chance LLP | Singapore

Clifford Chance Advises Carrefour on the Sale of Its 60% Stake in Its Indonesian Operations

Monday, November 26, 2012

Leading international law firm Clifford Chance has advised Carrefour on the sale of its 60% stake in Carrefour Indonesia for €525 million to its local partner, CT Corp, which will become Carrefour’s exclusive franchisee in the country. The deal is expected to close in January 2013, subject to the approval of the Indonesian anti-trust authorities.

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Tags:  Clifford Chance LLP | Hong Kong