Gordon & Rees Continues National Expansion with New Philadelphia Office

On Feb. 1, 2013, Gordon & Rees LLP will open a Philadelphia office with the addition of eight new lateral partners who joined the firm from Cozen O’Connor. William P. Shelley, who previously served on Cozen’s board of directors and Management Committee as well as chairman of the firm’s Global Insurance Group, will serve as the Philadelphia office Managing Partner for Gordon & Rees.

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Tags:  Gordon Rees Scully Mansukhani, LLP

Hogan Lovells Advises on Landmark Multi-Jurisdiction US$1.8 Billion Bond Restructuring of Sino-Forest Corporation

Hogan Lovells advised the members of the ad-hoc committee of bondholders of Sino-Forest Corporation (Sino-Forest) and the newly formed entity Emerald Plantation Group Limited (NewCo) on the implementation of a Plan of Compromise and Reorganization (the Plan) which was overwhelmingly approved by the creditors and the Ontario Superior Court of Justice.

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Tags:  Hogan Lovells | Hong Kong

Gray Plant Mooty Adds Kirsch, Gilbert to Global Franchise Practice

Gray Plant Mooty is pleased to announce that Mark Kirsch and Jan Gilbert have joined its 32-member Franchise & Distribution Practice Group, and will practice in the firm’s Washington, D.C. office. As principals, these two high-profile attorneys bring more than 50 years of combined experience in the franchise industry, and both have strong backgrounds in domestic and international franchising.

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Tags:  Gray Plant Mooty

Mitra Hormozi, Former Chair of New York State Commission on Public Integrity, Joins Zuckerman Spaeder LLP

Zuckerman Spaeder LLP is pleased to announce that Mitra Hormozi, former chair of the New York State Commission on Public Integrity and former Chief of the Organized Crime Unit of the U.S. Attorney’s Office for the Eastern District of New York, has joined the firm’s New York office. A former advisor to New York Gov. Andrew Cuomo, Ms. Hormozi is a veteran trial attorney who brings years of government experience to her work on behalf of clients facing regulatory investigations, potential criminal prosecutions, internal investigations, and compliance matters. She has experience serving as a court-appointed monitor and special master, most recently overseeing the payment of damages to minority firefighter applicants. The U.S. District Court for the Eastern District of New York determined that New York City owed $128.7 million in back pay to minorities whose employment with the fire department had been either delayed or denied after they were required to take a test that was later found to be racially discriminatory. Ms. Hormozi is currently a commissioner on the New York State Joint Commission on Public Ethics (JCOPE).

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Tags:  Zuckerman Spaeder LLP | New York

Clifford Chance Advises IFC on US$550 Million Pan-Asian Reinsurance Venture

Leading international law firm Clifford Chance has advised International Finance Corporation (IFC) on its subscription for 14.9% of the issued share capital of Peak Reinsurance Holdings at an aggregate subscription price of US$81,950,000. The firm also advised IFC on regulatory issues pertaining to the licensing requirements of the Insurance Authority of Hong Kong.

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Clifford Chance Advises ING on the Largest Issue of JPY Bonds in Japan by a Foreign Issuer in 2012

Leading international law firm Clifford Chance has advised ING Bank N.V. (“ING”) on its sale of three-year bonds in Japan, raising JPY175.9 billion ($2.1 billion) in aggregate. This was the largest issue of JPY bonds in Japan by a foreign issuer in 2012, and one of the biggest ever fundraisings by a European issuer in Japan.

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Tags:  Clifford Chance LLP | Tokyo

Baker & McKenzie Advises China Merchants Holdings on Its Acquisition of 49% Interest in Terminal Link for €400 Million

Baker & McKenzie is the legal advisor to China Merchants Holdings (International) Company Limited (“CMHI”), the largest public port operator in China, on its strategic partnership with CMA CGM, the world’s third largest container shipping company, and its agreement to acquire 49% equity interest in Terminal Link, a wholly-owned subsidiary of the CMA CGM Group, for €400 million.

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Tags:  Baker & McKenzie LLP | Hong Kong

Baker & McKenzie Advises Yuexiu Property Company on Its First MTN Programme and Yuexiu Enterprises on Corporate Note Issuance

Baker & McKenzie recently advised its long-standing client, Yuexiu Group, on two significant debt capital market transactions, namely:

  • Yuexiu Property Company Limited (“Yuexiu Property”) on the establishment of its first medium term note programme (“MTN Programme”).  The size of the MTN Programme is US$2 billion.  The notes that were issued on the first drawdown amounted to US$850 million in aggregate and comprised of US$350 million 3.25% notes due 2018 and US$500 million 4.50% notes due 2023.  Bank of China (Hong Kong) Limited, BOCI Asia Limited, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley & Co. International plc acted as the joint lead arrangers for the MTN Programme.  Together with Yue Xiu Securities Limited, they acted as dealers for the first drawdown.  The notes have been rated Baa3 by Moody’s and BBB- by Fitch.
  • Yue Xiu Enterprises (Holdings) Limited (“Yue Xiu Enterprises”) on its third note issuance: HK$1 billion 5.65% corporate notes due 2018.  The notes were purchased by Industrial and Commercial Bank of China (Macau) Limited and Agricultural Bank of China Limited Hong Kong Branch.  Société Générale, ICBC International and Agricultural Bank of China Limited Hong Kong Branch acted as joint lead arrangers.

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Tags:  Baker & McKenzie LLP | Hong Kong