Davis Polk advised BOCI Asia Limited and Morgan Stanley & Co. International plc as managers for a Hong Kong law Regulation S-only offering by AVIC International Finance & Investment Limited of its RMB1.5 billion 4.8% guaranteed bonds due 2015. The bonds are unconditionally and irrevocably guaranteed by AVIC International Holding Corporation. Approval from the PRC State Administration of Foreign Exchange has been obtained for the guarantees.
Tags: Davis Polk & Wardwell LLP | Hong KongDavis Polk advised Barclays Bank PLC, Citigroup Global Markets Inc., KDB Asia Limited, Standard Chartered Bank and UBS AG, Hong Kong Branch as underwriters in connection with a Schedule B debt offering by The Korea Development Bank of $500 million in aggregate principal amount of its 3.5% notes due 2017. The notes are consolidated and form a single class of notes with the $750 million aggregate principal amount of 3.5% notes due 2017 issued on February 22, 2012.
Tags: Davis Polk & Wardwell LLP | TokyoDavis Polk is advising Patriot Coal Corporation in connection with its reorganization under Chapter 11 of the Bankruptcy Code and the related $802 million in debtor-in-possession (DIP) financing. Patriot Coal and substantially all of its wholly owned subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York on July 9, 2012.
Tags: Davis Polk & Wardwell LLP | New York
Armstrong Teasdale hired Steve Yu as a partner for a Shanghai legal job, according to a press release.
The firm is aiming to widen the scope of its work in Asia, with specific focus on intellectual property, dispute resolution and services for transactions and franchising.
Tags: Armstrong Teasdale LLP | Shanghai
Kirkland & Ellis International LLP client Procuritas, a Nordic buyout firm, held the final close of its latest fund, Procuritas Capital Investors V, LP, on 3 July 2012. The fund closed at €200 million following a five-month fundraising period and was substantially oversubscribed. The Kirkland team that represented Procuritas was led by private funds partner Kate Downey and included associates Alexandra Conroy and Aran Randhawa.
Tags: Kirkland & Ellis LLP
Hogan Lovells has advised the Phoenix Group on the sale of annuity business with liabilities of approximately £5 billion to Guardian Assurance Limited. The transaction was announced on Wednesday 27 June.
Tags: Hogan Lovells | Phoenix
Akin Gump Strauss Hauer & Feld LLP served as legal counsel to S.A.C. Capital Advisors, L.P. in a $500 million private placement that helped launch S.A.C. Re, Ltd. S.A.C. Re is a Bermuda-based reinsurer whose founding investors include Steven A. Cohen and Capital Z. Partners III, L.P. It will target a combination of high margin property catastrophe and other property classes and low severity casualty reinsurance business.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
Mayer Brown JSM announced the expansion of its Corporate practice in Mainland China with the addition of Henry Wang and Billy Au. Their arrival will further expand the firm’s capability in the areas of mergers and acquisitions as well as public and private offerings of equity and debt securities.
Tags: Mayer Brown LLP | Beijing
International law firm McDermott Will & Emery today announced that Perry Sayles, a leading structured finance attorney, has joined the Firm’s New York office as a partner in its Financial Institutions Advisory Practice Group. Mr. Sayles was formerly a partner in the New York office of another international law firm and spent considerable time in that firm’s London and Hong Kong offices.
Tags: McDermott Will & Emery LLP | New York
Womble Carlyle announced today that Behrooz Shariati has joined the firm’s Silicon Valley office as a partner in the Intellectual Property Group. Shariati’s patent and copyright litigation practice focuses on software, computer hardware, networking technologies and industry standards.
Tags: Womble Bond Dickinson temp | Silicon Valley