The Colonial First State managed Direct Property Investment Fund (DPIF) and DEXUS completed the sale of $503.7 million of Sydney based office assets on 28 February 2013, through the sale of direct interests in land and units in land holding trusts. Contracts for the deal were exchanged 21 December 2012.
Tags: Herbert Smith Freehills LLP
In a move that reinforces Nixon Peabody LLP’s health care practice as one of the preeminent practices in New York State, the firm is pleased to announce that veteran health care attorneys Philip Rosenberg and Laurie Cohen have joined the firm’s Albany, NY, office as new partners. Mr. Rosenberg and Ms. Cohen, who left Wilson Elser, an Am Law 100 firm, will be working along with current Nixon Peabody partner Peter Millock, a former general counsel at the New York State Department of Health, and counsel Barbara Asheld, a former house counsel at the Department of Health.
Tags: Nixon Peabody LLP | New YorkContinuing with its plan for strategic growth, Novak Druce Connolly Bove + Quigg LLP, the IP super boutique, announced that Bret Bocchieri has joined the firm as a partner on March 26. He will practice out of the firm’s Los Angeles office where he will concentrate on intellectual property litigation, including cyber piracy and trade secret litigation, as well as antitrust and other complex litigation.
Tags: Novak Druce Connolly Bove + Quigg LLP | Los AngelesLawyers from the Kyiv, London and Moscow offices of Chadbourne & Parke have, once again, advised a group of international lenders to Public Joint Stock Company “Kreditprombank” (one of the top 20 largest banks in Ukraine) in connection with their debt and equity interests in Kreditprombank. On 28 February, the lenders sold their 47.783% stake in Kreditprombank to Nikolay Lagun, the majority shareholder of PJSC “Delta Bank”, and their remaining senior and subordinated debt to an affiliate of Delta Bank.
Tags: Moscow
Valdir C. Barbosa has joined Pedersen & Houpt as a Partner in the Corporate and Business Counseling Practice Group. He focuses his practice on tax matters pertaining to taxable and tax-free acquisitions, divestitures, mergers and reorganizations, public and private financings, private equity transactions, partnerships and debt restructurings.
Tags: Pedersen & Houpt, P.C.
Davis Polk advised Orbitz Worldwide, Inc. (Orbitz) in connection with its new $515 million senior secured credit agreement consisting of four and one-half year tranche B term loans in an initial aggregate principal amount of $150 million, six year tranche C term loans in an initial aggregate principal amount of $300 million and a four and one-half year revolving credit facility in an initial aggregate principal amount of $65 million. Proceeds from the term loans were used to repay in full the outstanding indebtedness under Orbitz’s existing credit facility. Loans and letters of credit will be available under the revolving facility for working capital and general corporate purposes.
Tags: Davis Polk & Wardwell | New YorkDavis Polk Advises Citigroup in Connection with Amending and Restating Eastman Kodak Company’s Debtor-In-Possession Revolving Credit Facility.
Tags: Davis Polk & Wardwell | Silicon Valley
King & Wood Mallesons has advised Leighton Holdings on the sale of its telecommunications assets to Ontario Teachers’ Pension Plan (Teachers’). Under the sale arrangements Teachers’ will acquire approximately 70% of the assets with Leighton’s retaining an interest in approximately 30%.
Tags: King & Wood Mallesons
With extensive first chair experience in complex commercial disputes throughout the country, Steven P. Taub has joined the Washington, D.C. office of Porter Wright as a partner in its Litigation Department.
Tags: Porter, Wright, Morris & Arthur, LLP
International legal practice Norton Rose has advised the project company Società di Progetto Brebemi S.p.A. (“Brebemi”), concessionaire of the project for the construction and management of a new 62km toll motorway linking the Northern Italian cities of Brescia, Bergamo and Milan (the “Brebemi Motorway”) on securing €1.818 billion limited recourse facilities for the project.
Tags: Norton Rose Fulbright