David Lorello Joins Covington, Expands Global Anti-Corruption Practice

Covington & Burling is strengthening its anti-corruption and trade control practices by adding lawyer David Lorello as a partner in its London office. Mr. Lorello is a US lawyer, and has been practicing in London for the last five years, with a broad practice spanning US, UK, and European international regulatory issues. This is Covington’s second high-profile addition in the past few months to its anti-corruption practice in Europe. Casey Cooper joined the firm’s London office in February.

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Dechert Advises on Two Major Cross-Border Life Sciences Transactions

International law firm Dechert LLP’s highly regarded cross-border transactional life sciences practice has advised on two major sector transactions announced this week, between Cellzome and GlaxoSmithKline (“GSK”) for £61 million (US$99 million), and between Italian-based companies Newron Pharmaceuticals S.p.A (“Newron”) and Zambon for €20 million (US$25.69 million).

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FKSA Represents T-Mobile in $3 Billion Network Modernization Project

FKSA advised T-Mobile USA, Inc. in its negotiations of multi-year agreements with each of Ericsson Inc. and Nokia Siemens Networks US LLC for the modernization of T-Mobile’s mobile network and the deployment of 4G long term evolution (LTE) service. Under the agreements, Ericsson and Nokia Siemens will provide and install equipment at an aggregate of 37,000 T-Mobile cell sites across the nation and will provide associated software and services. The aggregate value of the two transactions is over $3 billion.

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Davis Polk Advises Technicolor on an Investment by JPMorgan Chase

Davis Polk is advising Technicolor S.A. in connection with an investment by JPMorgan Chase & Co. The PIPE will be carried out through Jesper Cooperatief, a Dutch investment vehicle jointly owned by One Equity Partners, the private equity arm of JPMorgan Chase, and JPMorgan Chase. Following the closing of the transaction, amounting to between €147 million and €158 million, Jesper will hold between 25.18% and 29.96% of the share capital of Technicolor. The closing of the transaction is subject to the shareholders’ approval as well as customary regulatory approvals.

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Tags:  Davis Polk & Wardwell LLP | New York

Ropes & Gray to Be Officially Recognized in Hong Kong Later This Month

International law firm Ropes & Gray is looking forward to creating Hong Kong legal jobs later this month when it is officially licensed to practice law in the Asian city, according to a press release.

The firm intends to apply its expertise in the practice areas of private equity, mergers and acquisitions, public takeovers, equity capital markets and debt capital markets.

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Tags:  Ropes & Gray LLP | Hong Kong