Crowe & Dunlevy recently announced Thomas B. Snyder has joined the firm as a director in the litigation and trial and the white collar crime practice groups in the firm’s Oklahoma City office.
Sidley Austin Advises Munich Re on £300 Million Longevity Risk Deal
The London office of Sidley Austin LLP has advised Munich Re, the global reinsurer, on its assumption through reinsurance of £300 million of longevity risk from Pension Insurance Corporation.
Tags: Sidley Austin LLP | Germany
Ballard Spahr Advises on $925 Million HOV/HOT Lanes Project in Virginia
Attorneys in Ballard Spahr’s Public Finance Department represented the Virginia Department of Transportation in a $925 million public-private partnership to build high-occupancy toll (HOT) lanes and refurbish high occupancy vehicle (HOV) lanes along 29 miles of Interstate 95 in Virginia. The project, which took several years to structure and was hailed as “historic… for transportation and the economy in Virginia” by Virginia Gov. Robert F. McDonnell, closed Tuesday.
Tags: Ballard Spahr LLP
Herbert Smith Advises Chello Zone on the Expansion of Its Joint Venture with CBS
Herbert Smith has advised client Chello Zone (a Chellomedia group company) on the expansion of its partnership with CBS Studios International, which was announced on 1 August 2012.
Tags: Herbert Smith Freehills LLPHerbert Smith Hires Litigation Team in New York
Herbert Smith LLP announced the recruitment of a team of six leading US commercial litigation partners today.
Tags: Herbert Smith Freehills LLP | New YorkHerbert Smith Advises Sinopec on Its US$1.5 Billion North Sea Acquisition
Herbert Smith has advised Sinopec, one of China’s largest energy and petrochemical companies, on its agreement to acquire a 49% stake in Canadian company Talisman Energy Inc’s UK North Sea business for $1.5 billion. The deal was signed on 23 July 2012.
Tags: Herbert Smith Freehills LLP | Beijing
Skadden Represents Wynn Resorts in US$2.3 Billion Financing
Skadden represented Wynn Resorts (Macau) S.A. in connection with a new US$2.3 billion dual currency secured credit facility. The US$2.3 billion secured credit facility consisted of: (i) a US$750 million equivalent fully funded senior secured term loan facility; (ii) a US$1.55 billion equivalent senior secured term loan facility; and (iii) an option to upsize the total senior secured facilities by an additional US$200 million. Borrowings under the senior secured credit facilities will consist of both Hong Kong dollar and US dollar tranches. The borrowings will be used to refinance Wynn Macau’s existing indebtedness and to fund the design, development and construction of Wynn Macau’s new casino resort in the Cotai area of Macau. The total cost of the Wynn Cotai project is expected to be between US$3.5 – US$4 billion.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP | Hong Kong
Cox Smith Continues Dallas Expansion with Addition of Two K&L Gates Partners
Cox Smith Matthews Incorporated (“Cox Smith”) today announced the addition of two experienced attorneys in its Dallas office. Eduardo “Eddy” Espinosa and Michael Napoli, who were previously partners in K&L Gates’ Dallas office, have joined Cox Smith’s corporate and litigation practices as shareholders.
Tags: K&L Gates LLP | Dallas
McDermott Expands Life Sciences Team Coast-to-Coast
Moving to expand its already strong life sciences capabilities, international law firm McDermott Will & Emery LLP today announced the addition of two new partners and a team of seasoned patent practitioners in its Silicon Valley and Boston offices.
Tags: McDermott Will & Emery LLP
Lowenstein Sandler Represents NextWave Wireless in Planned Acquisition by AT&T
Lowenstein Sandler is representing NextWave Wireless Inc., a wireless technology company that manages and maintains wireless spectrum licenses, in its acquisition by communications leader AT&T. Under the terms of the agreement, announced August 2, 2012, AT&T will acquire all of the outstanding common shares of NextWave for $1.00 per share plus a contingent payment right representing a $25 million interest in an escrow fund. In addition, the holders of NextWave’s secured notes have entered into separate note purchase agreements with AT&T.
Tags: Lowenstein Sandler LLP | New York