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

Friday, February 1, 2013

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

Friday, February 1, 2013

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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Tags:  Clifford Chance LLP | Hong Kong

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

Friday, February 1, 2013

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

Friday, February 1, 2013

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

Friday, February 1, 2013

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

Baker & McKenzie Advises Uralchem on USD 220 Million Syndicated Pre-Export Loan Facility

Friday, February 1, 2013

Baker & McKenzie successfully advised Uralchem Group, the leading Russian fertilizer maker, on a debut USD220 million 5-year multi-currency syndicated pre-export loan facility arranged by ING Bank, Raiffeisenbank, Sberbank and VTB Capital as mandated lead arrangers and with HSBC Bank and Rosbank as lead arrangers. The loan was structured as a classic pre-export finance facility backed by deliveries of export-grade fertilizers and other export-grade commodities.

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Tags:  Baker & McKenzie LLP | Moscow

Allen & Overy Advises IFC and FMO on the Completion of the USD330m Financing of the Takoradi 2 Power Plant Expansion in Ghana

Friday, February 1, 2013

Allen & Overy has advised International Finance Corporation (IFC) as co-lead Negotiator, Hedging Bank and Arranger for the OPEC Fund for International Development and the Canada Climate Change Program; and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) as Mandated Lead Arranger for a consortium of lenders comprising the African Development Bank, Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), Emerging Africa Infrastructure Fund, ICF-Debt Pool and la Société de Promotion et de Participation pour la Coopération Economique (Proparco), on the project financing for the expansion of the Takoradi 2 power plant in Ghana.

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Tags:  Allen & Overy LLP

Shearman & Sterling Advises on Banco Davivienda’s US$500 Million Senior Notes Offering

Friday, February 1, 2013

Shearman & Sterling represented Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as joint bookrunners in connection with Banco Davivienda S.A.’s offering of US$500 million Senior Notes due 2018. Banco Davivienda S.A. is one of the largest financial institutions in Colombia and is a leading, integrated full service bank with the strongest consumer banking franchise in Colombia.

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Tags:  Shearman & Sterling LLP | New York