Baker & McKenzie Advised Fortune REIT on Its HK$5 Billion Term Loan Facilities

Thursday, October 17, 2013

Baker & McKenzie advised Fortune Real Estate Investment Trust (“Fortune REIT”) on its term loans in an aggregated amount of approximately HK$5 billion in October 2013. The new term loans were used for financing the acquisition of Kingswood Ginza Property, which comprises the entire shopping mall commonly known as “Kingswood Ginza” as well as certain other retail, kindergarten, parking and ancillary areas within the Kingswood Development which is located in Tin Shui Wai, Yuen Long, New Territories. The acquisition was completed on 9 October 2013.

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Tags:  Baker McKenzie | Hong Kong

Morrison & Foerster Expands Corporate Finance and REIT Practices with Partners John Good and Justin Salon

Wednesday, October 16, 2013

Morrison & Foerster today announced that John A. Good and Justin R. Salon have joined the firm’s Corporate Finance practice in Washington, D.C. as partners. Mr. Good’s and Mr. Salon’s practices focus on securities offerings and other corporate finance matters, mergers and acquisitions, corporate governance and general representation of public and private companies and underwriters, with particular industry focus on real estate investment trusts (REITs) and business development companies (BDCs).

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Tags:  Morrison & Foerster LLP

Cooley Expands in DC with Dow Lohnes Merger

Wednesday, October 16, 2013

Cooley LLP announced today that it is combining with Dow Lohnes PLLC‘s Washington, DC office. Through the transaction, Cooley will be adding 54 attorneys and many other non-lawyer professionals and industry specialists to its DC office. The Dow Lohnes group is organized around three broad industry sectors: communications, higher education and media. The deal will catapult Cooley into a Top-30 Washington, DC law firm by size, boasting comprehensive “Inside the Beltway” regulatory experience. The clients of both firms will be significantly advantaged by the deepening of the core capabilities across Cooley’s domestic and international offices.

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Tags:  Cooley LLP

Davis Polk Advises Wumart Stores on Its Proposed Acquisition of Minority Interest and Assets of C.P. Lotus and Issue of New H Shares to C.P. Lotus and Ascendent Capital

Wednesday, October 16, 2013

Davis Polk is advising Wumart Stores, Inc in connection with its proposed acquisition of a minority interest and assets of C.P. Lotus and proposed issue of shares to C.P. Lotus (the Transactions). The parties signed a framework agreement on October 15, 2013 that contains binding obligations on both parties to negotiate in good faith to enter into definitive documentation in respect of the Transactions. In addition, Wumart and an affiliate of Ascendant Capital Partners I, L.P. entered into a framework agreement in relation to the subscription by Ascendant Capital of H shares in Wumart.

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Tags:  Davis Polk & Wardwell LLP | Beijing