Hogan Lovells Advises LabCorp on Proposed US$240 Million Acquisition of MEDTOX Scientific

Hogan Lovells announced today that a team of its corporate and transactional lawyers are advising client Laboratory Corporation of America Holdings (LabCorp) on LabCorp’s proposed acquisition of MEDTOX Scientific, Inc. (NASDAQ: MTOX) in a cash merger having a value of approximately US$240 million. LabCorp is an S&P 500 company headquartered in Burlington, NC and operates one of the largest clinical laboratory networks in the world, with a U.S. network of 36 primary laboratories. MEDTOX Scientific offers a variety of laboratory services and devices geared towards the detection of drug and alcohol use.

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White & Case Advises China Development Bank on US$750 Million Committed Financing for Solar Power Projects in the USA

Global law firm White & Case LLP has advised China Development Bank (CDB) on its commitment of up to US$750 million to fund the procurement, construction, installation and operation of solar power projects in New Jersey, USA with a total installed capacity of up to 300MW. The financing comprises both secured EPC financing to be provided to SPI Solar and secured long-term financing to be provided to KDC Solar.

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White & Case Strengthens Project Finance Team

Global law firm White & Case LLP is strengthening its Global Project Finance capabilities in Düsseldorf, Germany, with the addition of Dr. Jan-Holger Arndt as partner. Dr. Arndt will focus on advising financial investors, primarily in conjunction with German and international project finance and asset finance transactions. He will also advise on restructurings.

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Akin Gump Advises Gushan Environmental Energy Limited on Merger and Take-Private Agreement

A team of Akin Gump attorneys has been retained by a special committee of Chinese copper products manufacturer and producer of biodiesel Gushan Environmental Energy Limited in its agreement to merge with Trillion Energy Holdings Limited and Trillion Energy Investments Holdings Limited. Trillion Energy Holdings Limited is wholly owned by Gushan’s chairman and principal executive officer, Jianqiu Yu. He also currently owns 34.8 percent of Gushan’s issued and outstanding ordinary shares.

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Paul Hastings Advises BioMarin Pharmaceutical Inc. in Follow-On Public Offering

Paul Hastings LLP, a leading global law firm, announced today that the firm advised BioMarin Pharmaceutical Inc., a pharmaceutical company that develops and commercializes innovative biopharmaceuticals for serious diseases and medical conditions, in connection with its underwritten offering of 6,500,000 shares of common stock. In connection with launching the offering BioMarin estimated the offering would raise gross proceeds of approximately $249 million before costs.

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Boston Law Firms Expand with New Hires

Boston is a city that is rich in cultural history. It has been an important political and economic center since the onset of the American Revolution, and companies continue to flock to the northeast to pursue business opportunities. Recently, law firms are experiencing a surge in hiring and legal recruitment as they seek to find legal professionals to keep up with the burgeoning American economy.

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