Eastman Kodak Company announced today that it has completed a series of agreements that successfully monetizes its digital imaging patents. Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by 12 intellectual property licensees, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
Shearman & Sterling represented UBS Securities LLC in Petroleum Geo-Services ASA’s $150 million add-on offering of high yield bonds maturing in 2018. The firm also advised on the issuer’s November 2011 offering of $300 million in high yield bonds.
Tags: Shearman & Sterling LLP
Dr. Wolfgang Hölters, one of Germany’s most well known and respected corporate lawyers, will join the Düsseldorf Office of global law firm Jones Day on January 2, 2013. With the addition of the Dr. Hölters, Jones Day continues to expand its practice in Germany.
Tags: Jones Day
DLA Piper represented Effie Film, LLC, the producer of the motion picture Effie and the screenplay’s author, Academy Award-winning actress and screenwriter Emma Thompson, in an important copyright infringement case brought by writer Eve Pomerance. The December 18, 2012 Southern District of New York Court’s decision defends the right for authors of differing creative visions to use the same historical facts in fictional works.
Tags: DLA Piper
The Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it advised on the high profile Korea Gas Corporation (“KOGAS”) refinancing for three 2000 built LNG carriers. The 135,000 cbm built LNG carrier “Hanjin Sur” is on bareboat charter to Hanjin Shipping Co., Ltd, the 135,000 cbm built LNG carrier “SK Supreme” is on bareboat charter to SK Shipping Co., Ltd. and the 135,000 cbm built LNG carrier “Hyundai Cosmopia” is on bareboat charter to Hyundai Merchant Marine Co., Ltd. All three LNG carriers are operating under long term contracts of affreightment with KOGAS.
Tags: Watson Farley & Williams LLP | SingaporeThe Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Nellan ApS (“Nellan”) on the acquisition of a Singapore-incorporated subsidiary of Nordic Tankers A/S earlier this year.
Tags: Watson Farley & Williams LLP | SingaporeWatson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has acted as Marshall Islands counsel to Seadrill Partners LLC on its IPO that closed successfully this quarter.
Tags: Watson Farley & Williams LLP | New YorkWatson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has advised Golar LNG Partners LP on its shelf takedown offering of 4,300,000 units of limited partner interest and a private placement of 1,524,590 common units sold to Golar LNG Limited. Both transactions closed in November 2012.
Tags: Watson Farley & Williams LLP | New York
Canadian client Methanex Corporation closed a public offering of US$350 million of 3.25% senior notes due 2019. J.P. Morgan and RBC Capital Markets acted as joint bookrunning managers. The offering was made in the United States under Methanex’s previously filed base shelf prospectus. Headquartered in Vancouver, British Columbia, Methanex is the world’s largest supplier of methanol to major international markets.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP
Orrick, Herrington & Sutcliffe LLP recently advised Siberian Agrarian Holding (“SAHO”), a Siberian grain producer, in its joint venture with Saudi Arabian investment company Najd Trading to ship Russian wheat and barley to the Middle East and North Africa. Saudi Arabia consumes roughly 15 million metric tons of grain annually and is the largest importer of Russian barley.
Tags: Orrick, Herrington & Sutcliffe LLP | Moscow