WFW Asia Practice Advises Precious Shipping Public Company Limited on the Planned Construction of Two Bulkers

The Singapore office of Watson, Farley & Williams LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised Thailand’s Precious Shipping Public Company Limited in connection with the order by two special purpose joint venture companies (the “Companies”) of two 20,000 dwt cement-carrying bulker carriers at China Shipbuilding & Offshore International and Shanhaiguan New Shipbuilding Industry

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Tags:  Watson Farley & Williams LLP | Singapore

Paul Hastings Represents PICI in Creation of World’s Largest Shark Sanctuary

Paul Hastings LLP, a leading global law firm, announced today that it has advised the Pacific Islands Conservation Initiative (PICI) in a pro-bono effort to establish regulations that create a shark sanctuary in the Cook Islands. The regulations prohibit certain commercial fishing activities within the Cook Island’s exclusive economic zone (EEZ)—an area of ocean approximately 1.9 million square kilometers (756,000 square miles) in size—that threaten sharks, and ban the possession, sale, and trade of shark and shark products. This newly established protected area neighbors the shark sanctuary recently announced by Tahiti Nui (French Polynesia), and will connect with the EEZs of American Samoa and Tokelau to create the largest contiguous shark conservation area in the world—an area over 6.7 million square kilometers (2.6 million square miles) in size.

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Tags:  Paul Hastings, LLP | San Francisco

White & Case Advised on US$625 Million Facilities Agreement for the Acquisition of Scotsman Industries by Ali Group

Global law firm White & Case LLP has advised Bank of America, N.A., BNP Paribas S.A. and other financial institutions, in connection with the Italian, German and Finnish law aspects of a US$625 million term and revolving facilities agreement for the acquisition of Scotsman Industries, Inc. by Ali Group North America Corporation. The facilities were guaranteed by Italian parent company Ali S.p.A. and granted to its subsidiary Ali Group North America Corporation, as borrower.

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Tags:  White & Case LLP

DLA Piper Expands German Restructuring Practice

DLA Piper is strengthening its German restructuring practice through the recruitment of partners Dr Dietmar Schulz and Mike Danielewsky. At the beginning of the New Year, the two are moving from Salans LLP into the Frankfurt office of DLA Piper.

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Tags:  DLA Piper