Dacheng Launches Is Mongolian Office

On November 7 2012, a proposal to set up an office in Mongolia was approved at the forty-eighth gathering of Dacheng management committee, which also designated senior partner Lu Hada to lead and coordinate the establishment of the office. After months of intense preparation, Dacheng Mongolian Office, registered No. 9011256017, was officially launched on May 20, 2013. The newly established office is located at 7/F Peace Mansion, No.54 Peace Road, Chingeltei District, Ulaanbaatar, Mongolia.

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Kennedys to Merge with Simpson & Marwick

We are very pleased to announce that Kennedys is merging with leading Scottish law firm Simpson & Marwick. The merger is expected to go live on 1 November 2013.

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Simmons & Simmons Advises ONGC Videsh Limited on $2.64bn LNG Acquisition in Mozambique

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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Tags:  Simmons & Simmons | Hong Kong

Paul Hastings Advises CIMC on Acquisition of Pteris

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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Tags:  Paul Hastings, LLP | Hong Kong

Simpson Thacher Represented the Initial Purchasers in Connection with US$2 Billion Senior Bonds Offering by Japan’s Sumitomo Mitsui Banking Corporation

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.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

R. Michael Shomo Joins Sherman & Howard

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.

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Tags:  Sherman & Howard L.L.C. | Denver