Simpson Thacher Represents GSO Capital Partners LP in Establishing $5 Billion Capital Solutions Fund

Simpson Thacher represented GSO Capital Partners LP (“GSO”), the credit division of The Blackstone Group L.P. (NYSE: BX), in the establishment of its second “capital solutions” fund, GSO Capital Solutions Fund II LP (“GSO CSF II”).  GSO CSF II raised $5 billion of total capital commitments and will focus primarily on providing “rescue financing” to distressed companies primarily in North America and Western Europe.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Milbank – Vueling US$5.4 Billion Purchase of New Fleet From Airbus

Vueling has signed the purchase agreement for the purchase of 62 narrow-body passenger jets with a total value of US$5.4 billion, as well as options to purchase a further 58 aircraft from Airbus.  The new aircraft will replace some older aircraft in the fleet as well as expand the fleet numbers overall.  Milbank advised Vueling on the transaction, with the team led out of London by Transportation & Space Group senior associate Jo Syrett.

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Tags:  Milbank LLP

Hunton & Williams LLP Augments Competition Practice, Adds Former Department of Justice Official Jamillia P. Ferris as Partner

The US Department of Justice’s Jamillia P. Ferris has joined Hunton & Williams LLP as a partner in its antitrust and competition practice group. Ferris comes to the firm from the Antitrust Division at the DOJ, where she served as Chief of Staff and Counsel to the Assistant Attorney General. In that capacity she oversaw significant enforcement matters and competition policy matters, including matters involving the high tech, health insurance, and financial services industries. Ferris also was the Antitrust Division’s decision-maker on important matters involving the aerospace and the electronic book industries. As Chief of Staff, Ferris managed budget and personnel issues. She was actively involved with domestic and international enforcement agencies on antitrust policy and enforcement matters, including the Federal Trade Commission and the European Commission. Ferris will be based in the firm’s Washington office.

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Tags:  Hunton Andrews Kurth LLP

Freshfields Advises Kodak Limited on Restructuring to Settle Pensions Liabilities in Excess of US$2.8bn

International law firm Freshfields Bruckhaus Deringer has advised Kodak Limited on a restructuring deal to settle its liabilities in relation to its UK defined benefit pension scheme, the Kodak Pension Plan (KPP), thereby supporting Kodak Limited’s parent company, Eastman Kodak Company (EKC), in successfully emerging from Chapter 11.

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Akin Gump Welcomes DOJ Veteran Chuck Connolly

Charles F. “Chuck” Connolly, most recently the chief of the Financial Crimes and Public Corruption Unit in the U.S. Attorney’s Office for the Eastern District of Virginia, has joined Akin Gump Strauss Hauer & Feld LLP as a partner in its litigation practice in Washington, D.C.  Since 2002, Mr. Connolly has served in several capacities within the Department of Justice (DOJ), including as a counselor to the attorney general and an assistant U.S. attorney prosecuting complex fraud cases for the U.S. Attorney’s Office in the Eastern District of Virginia.  Prior to joining the U.S. Attorney’s Office, Mr. Connolly practiced with a large, international law firm.

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Tags:  Akin Gump Strauss Hauer & Feld LLP

Duane Morris & Selvam Opens Office in Myanmar, Expanding Asian Presence

Duane Morris & Selvam LLP, the Singapore-based joint venture between Duane Morris LLP and Singapore’s Selvam LLC, announced today that it has established an office in Yangon, Myanmar. The firm will serve international and domestic clients through two closely integrated entities: Duane Morris & Selvam (Myanmar) and Selvam & Partners. Attorneys will serve clients on investment and business matters, including all aspects of tax, licensing, regulatory, market entry, reporting requirements and U.S. Foreign Corrupt Practices Act and UK Bribery Act issues. It is the first launch in the country by a U.S.-based law firm.

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Tags:  Duane Morris LLP