International law firm Simmons & Simmons has advised ONGC Videsh Limited (“OVL”) on the US$2.64 billion acquisition of the ten percent participating interest (“Acquisition”) in the Rovuma Offshore Block in Mozambique (“Area 1”), from Anadarko Moçambique Area 1 Limitada (“Anadarko”), a wholly owned indirect subsidiary of Anadarko Petroleum Corporation.
Tags: Simmons & Simmons | Hong Kong
Paul Hastings, a leading global law firm, announced today that it advised China International Marine Containers (Group) Co. Ltd. (“CIMC”) on its wholly-owned subsidiary, China International Marine Containers (Hong Kong) Ltd. (“CIMC Hong Kong”) entering into a sale and purchase agreement (the “SPA”) with the Singapore-listed Pteris Global Limited (“Pteris”) on July 29, 2013, pursuant to which CIMC Hong Kong will sell the 70% equity interests in Shenzhen CIMC-TianDa Airport Support Ltd. (“CIMC-TianDa”) to Pteris and as consideration, Pteris will issue new shares to CIMC Hong Kong (or its nominee). Following the completion of the SPA, the equity interests of CIMC in Pteris are expected to increase from approximately 14.99% to approximately 63.88% (up to approximately 65.80%, subject to certain adjustment mechanisms). As a result, the Singapore-listed Pteris will become a subsidiary of CIMC.
Tags: Paul Hastings LLP | Hong Kong
Simpson Thacher recently represented the initial purchasers in connection with the offering of US$2 billion of senior bonds in tranches due 2016, 2018 and 2023 by Japan’s Sumitomo Mitsui Banking Corporation, guaranteed by the bank’s New York branch. The senior bonds were offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. Goldman Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and SMBC Nikko Capital Markets Limited were the joint lead managers for the offering.
Tags: Simpson Thacher & Bartlett LLP | Tokyo
Sherman & Howard L.L.C., a national law firm headquartered in the Rocky Mountain region announced the addition of attorney R. Michael Shomo as a member in its Denver office. Mr. Shomo was formerly at Archstone, a developer, owner and operator of multifamily properties on the east and west coasts where was the Senior Vice President and Assistant General Counsel. He joined Archstone in 2006.
Tags: Sherman & Howard L.L.C. | Denver
Herbert Smith Freehills’ Singapore office has advised NASDAQ-listed Golar LNG Limited (“Golar”) on its successful bid to provide Kuwait National Petroleum Company (“KNPC”) floating storage and regasification (“FSRU”) services to support KNPC’s LNG import operations at Mina Al Ahmadi. The regasification services will be delivered via a new-build 170,000 cubic metre vessel manufactured by Samsung Heavy Industries.
Tags: Herbert Smith Freehills LLP | Singapore
CMS has advised Norwegian oil & gas giant Statoil on the UK aspects of its US$2.65 billion sale of interests in a number of its UK and Norwegian Continental Shelf assets to Austria’s OMV. Statoil’s in-house legal team had overall responsibility for the transaction and advised on all aspects of the Norwegian part of the deal.
Tags: CMS
Davis Polk advised The Hongkong and Shanghai Banking Corporation as underwriter in connection with a Schedule B debt offering by The Korea Development Bank of US$250 million in aggregate principal amount of its 4% notes due 2016. The notes are consolidated and form a single class of notes with KDB’s US$750 million aggregate principal amount of 4% notes due 2016 issued on March 9, 2011.
Tags: Davis Polk & Wardwell | Hong Kong
King & Spalding recruited energy lawyer M. Kathryn Marietta to its global transactions practice as a partner in its Houston office. Marietta formerly was assistant general counsel of Apache Corporation.
Tags: King & Spalding LLP | Houston
Winston & Strawn LLP today announced the opening of its Silicon Valley office. Scheduled to officially open its doors September 9, 2013, Winston & Strawn Silicon Valley is the seventeenth global office, and ninth U.S. office for the firm. The Silicon Valley office is a key step in expanding Winston & Strawn’s intellectual property litigation practice and presence on the West Coast.
Tags: Winston & Strawn LLP | Silicon ValleyDavis Polk advised ARM Holdings plc in connection with the acquisition by ARM Limited of Sensinode Oy. The terms of the transaction were not disclosed.
Tags: Davis Polk & Wardwell