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.

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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.

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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.

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Davis Polk advised Citigroup Global Markets Inc, Deutsche Bank AG, Singapore Branch, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS AG, Hong Kong Branch as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $500 million in aggregate principal amount of its 2.875% notes due 2018.

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Global law firm Proskauer represented CCB International as the lead initial investor in respect of a US$200,000,000 guaranteed secured senior notes issued by Zhuguang Holdings Group Company Limited, a property development and investment company based in Guangdong Province China and listed on the Hong Kong Stock Exchange (HKSE). In consideration of the purchase of the senior notes, the Issuer also issued to the initial investors warrants representing aggregate exercise price of US$40,000,000.

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Herbert Smith Freehills has advised China National Petroleum Corporation (CNPC), the parent company of publically-listed PetroChina, on its acquisition of a 28.57% stake in Eni East Africa SpA, a wholly owned subsidiary of Eni SpA, for US$4.2 billion.

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Orrick, Herrington & Sutcliffe LLP announced today that Peter D. Cleary has joined the firm as Co-Head of its Asia Energy and Infrastructure Group, based in the Hong Kong office.  Mr. Cleary will share leadership of this Asian practice group with Co-Head Yoichi Katayama, who is based in Japan.

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Davis Polk advised Poly Real Estate Finance Ltd, a wholly owned subsidiary of Poly Real Estate Group Co., Ltd. (Poly Real Estate), in connection with its Regulation S offering of US$500 million 4.5% guaranteed bonds due 2018. The bonds were guaranteed by Poly Real Estate’s wholly owned subsidiary Hengli (Hong Kong) Real Estate Limited. The bonds were supported by a keepwell deed and an equity purchase undertaking from Poly Real Estate, and a keepwell deed from China Poly Group Corporation, the parent company of Poly Real Estate.

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Ashurst announces the appointment of John K.J. Kim as a partner in its Hong Kong office.

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Ropes & Gray LLP announced today that Jaewoo Lee has joined its corporate department as a partner. Mr. Lee focuses on corporate and financial transactions, particularly cross-border mergers & acquisitions. He will initially be based out of New York and Hong Kong and will relocate to the firm’s Seoul office when his license to practice in Korea is approved.

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