Kazakhstan Fertilisers Group Pte Ltd. (“Kazfert”), an investment vehicle managed by Hong Kong-based private equity firm Sprint Capital Management Limited, has entered into an agreement with Satimola Ltd to acquire Satbor LLP, a potash mining and exploration business in Kazakhstan. The deal value has not been disclosed and the closing of the transaction is subject to regulatory and certain other conditions.

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Jeffrey N. Labovitch has joined the San Diego office as a partner in the Insurance Coverage, Commercial Litigation and Professional Liability practice groups. Mr. Labovitch’s practice specializes in handling complex insurance coverage matters. He has extensive experience advising insurance companies with respect to general insurance coverage matters and defending and prosecuting insurance companies’ most challenging and complex problems at both the trial and appellate levels. Mr. Labovitch also specializes in business litigation, the prosecution and defense of intellectual property claims, and defending professional liability claims under errors & omissions policies.

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Shearman & Sterling has succeeded in obtaining an order from the Court of Appeals in Rome overturning the seizure of approximately €1 billion in assets held in Italy by the Libyan Investment Authority (“LIA”). The seizure was implemented by Italian judicial authorities in March 2012 following a request received from the International Criminal Court in the Hague.

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Ashurst has advised Fortune 500 company Owens & Minor, Inc on its €130 million planned acquisition of the Movianto group, a European pharmaceutical logistics business, from Celesio AG.

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The firm recently advised French real estate company Icade on its €1.55 billion club deal with eight banks. The new financing arrangement, structured in three tranches, will enable Icade (a subsidiary of the Caisse des Dépôts) and Silic, a leading Paris business park owner, to meet general financing needs, optimize debt schedules and increase back-up lines, while reinforcing overall financial strength. The 3-tranche club deal comprises a medium-term credit line (€625 million, 5-year maturity); a revolving credit facility (€550 million, 3-year maturity) and a forward-start credit line (€375 million, 3-year maturity from 2014).

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Baker & McKenzie is further strengthening its presence in Africa with an office in Morocco to serve clients in the Maghreb region of North Africa. Casablanca will be the Firm’s third office in Africa and 71st overall.

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