Steptoe & Johnson PLLC is expanding its presence in The Lone Star State with the opening of its second Houston location. The new office will be located in The Woodlands and will serve the firm’s U.S. and international energy clients.
Tags: Steptoe LLP | Houston
On February 4, Willkie client Berkshire Hathaway Life Insurance Company of Nebraska entered into a reinsurance transaction with Connecticut General Life Insurance Company (a subsidiary of Cigna Corporation (Cigna)), pursuant to which Berkshire Hathaway reinsured $4 billion of guaranteed minimum death benefit (GMDB) and guaranteed minimum income benefit (GMIB) exposure of Cigna. The GMDB and GMIB exposures arise out of deferred annuities issued by other U.S. insurance companies and reinsured by Cigna.
Tags: Willkie Farr & Gallagher LLP | New York
Kirkland & Ellis represents Belmont Hong Kong Ltd., a wholly owned subsidiary of Beijing Wangfujing International Commercial Development Co., Ltd., in its US$654 million (HK$5,099 million) proposed acquisition of a 39.53 percent interest in, and possible conditional mandatory cash offer for all the remaining issued shares of, PCD Stores (Group) Limited (331: Hong Kong). The transaction was publicly announced on January 31, 2013.
Tags: Kirkland & Ellis LLP | Hong Kong
Global law firm Eversheds has advised New World China Land (NWCL) on a new dim sum bond issue today, raising a total of CNY 3 billion (£307 million). This is NWCL’s second dim sum bond offering after their previous successful record-making CNY 4.3 billion offering last year, which still remains the largest corporate dim sum bond issuance in history, which Eversheds also advised NWCL on.
Tags: Eversheds Sutherland | Hong Kong
Global law firm Proskauer has added leading Washington employment litigator Connie N. Bertram as a Partner in its Washington, DC, office. Ms. Bertram will serve as co-head of the firm’s DC Labor & Employment Practice, as well as co-head of its Government Regulatory Compliance & Relations and Whistleblowing & Retaliation groups. Ms. Bertram joins from Cooley LLP, where she led the Washington, DC, Employment & Labor and Government Contractor Compliance groups.
Tags: Proskauer Rose LLP
Stoel Rives LLP, a U.S. law firm, today announced that it has opened a satellite office in Washington, D.C. The new office is headed by firm partner Greg Jenner, a former Deputy Assistant Secretary of the U.S. Treasury for Tax Policy.
Tags: Stoel Rives LLP
Gilbert + Tobin is strengthening its Energy and Resources practice with the appointment of a new partner, Phil McKeiver and senior associate, Fionn Bowd.
Tags: Gilbert, LLP
Leading international law firm Clifford Chance has advised Asia Outsourcing Gamma Limited, a company controlled by CVC Capital Partners, on its purchase of Philippine Long Distance Telephone Company’s (PLDT) Business Process Outsourcing (BPO) business. The purchase price was in excess of US$300 million and is expected to close in March 2013, subject to government approvals.
Tags: Clifford Chance LLP | Hong Kong
Continuing its flow of major capital markets deals in Latin America, Milbank, Tweed, Hadley & McCloy has advised leading Dominican Republic bank Banco de Reservas de la República Dominicana in its first-ever bond offering.
Tags: Milbank LLPVirgin Media Inc. and Liberty Global, Inc. today announced an agreement, subject to shareholder approvals, that Liberty Global will acquire Virgin Media in a stock and cash merger valued at approximately US$24 billion. The combined company will serve over 25 million customers across 14 different countries, with a predominant strategic focus on European markets.
Tags: Milbank LLP