Prominent Bankruptcy Attorney George Pitts Joins Wiley Rein

George R. Pitts, one of Washington, DC’s most prominent bankruptcy law practitioners, has joined Wiley Rein LLP as a partner in its Bankruptcy & Financial Restructuring Practice. For more than 25 years, Mr. Pitts has handled complex insolvency cases and commercial litigation in courts throughout the United States. Over his distinguished career, he has represented numerous financial institutions in connection with a wide range of difficult matters, including multiple jury and bench trials.

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Tags:  Wiley Rein LLP

Shearman & Sterling Advises Cessna on Joint Venture Contracts with CAIGA Subsidiaries

Shearman & Sterling is advising Cessna Aircraft Company, through its parent, Textron Inc., on its joint venture contracts with subsidiaries of China Aviation Industry General Aircraft Company Ltd., (CAIGA). One joint venture, to be based in Zhuhai, will conduct final assembly of Cessna Citation XLS+ aircraft for the China market. The other joint venture, to be based in Shijiazhuang, will conduct final assembly of Cessna Caravan utility turboprop aircraft for the China market. Formation of the joint venture companies remains subject to various government approvals and customary conditions.

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Tags:  Shearman & Sterling LLP | Beijing

Distinguished Trusts and Estates Attorney Jenna Millman Joins Ballard Spahr in Philadelphia

Jenna R. Millman has joined Ballard Spahr’s Family Wealth Management practice as of counsel in Philadelphia. Ms. Millman, who is admitted to the New York bar, handles complex estate planning and estate and trust administration for high-net-worth individuals and families in the United States and abroad. She joins the firm from the New York office of Moses & Singer.

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Tags:  Ballard Spahr LLP

SRZ Advises Alternative Asset Manager MKP on Minority Investment by Dyal

SRZ represented MKP Capital Management LLC, a diversified alternative investment manager with over $5 billion in assets under management, in its sale of a passive minority interest to Neuberger Berman Group-managed private equity fund Dyal Capital Partners. Under terms of the deal, which was announced on Jan. 8, 2013, Dyal has no control on the investment process or day-to-day operations at MKP. The transaction allows MKP to broaden employee ownership and long-term leadership, as well as develop stronger relationships with Dyal’s institutional clients.

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Tags:  Schulte Roth & Zabel LLP | New York