The U.S. Court of Appeals for the Federal Circuit on Friday handed a major victory to a trio of nuclear utilities, awarding them approximately $160 million in a long-running contract dispute with the federal government. Hogan Lovells represented the nuclear utilities in the case, Yankee Atomic v. United States, Nos. 2011-5020 et seq. (Fed. Cir. May 18, 2012).
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International law firm Simmons & Simmons has appointed Robert Koller as a finance partner in its Frankfurt office.
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Shearman & Sterling is advising ArcelorMittal on the sale of its steel foundation distribution business in the US, Canada, Mexico and the Caribbean—Skyline Steel and Astralloy—to Nucor Corporation for approximately $605 million. The sale is expected to be complete by the end of June 2012 pending competition clearance and other customary closing conditions.
Tags: Shearman & Sterling LLP | New YorkThe law firm of Edwards Wildman Palmer UK LLP is pleased to announce that Mark Deem, a respected commercial litigation lawyer, has joined the firm as a partner in its growing London office.
Kelley Drye & Warren LLP is pleased to announce that noted corporate lawyer Bruce R. Kraus is joining the partnership today. Mr. Kraus left private practice in 2009 to join the staff of the Securities and Exchange Commission at a senior level, where he focused on rulemaking and related economic and litigation matters. At Kelly Drye, he will offer his expertise in mergers, acquisitions, joint ventures, capital markets transactions and corporate restructurings, as well as his particular knowledge of recent developments in securities law.
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Global Law Firm White & Case advises Saudi Aramco in relation to the extension of three cogeneration plants on a BOOT basis in the Eastern Province of the Kingdom of Saudi Arabia.
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The global law firm Jones Day is pleased to announce that John Kinton has joined the Firm as a partner in the Intellectual Property Practice, resident in the San Diego Office.
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International law firm Nixon Peabody LLP announces the arrival of Health Services partner Jill H. Gordon, who previously served as vice chair of Davis Wright Tremaine’s Health Law practice. Ms. Gordon’s health care practice complements Nixon Peabody’s existing Health Services practice and builds on its West Coast Life Sciences practice.
Tags: Nixon Peabody LLP | Los AngelesShearman & Sterling advised Bank of America, N.A. as term loan administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Inc., RBS Securities Inc., BMO Capital Markets Corp. and Union Bank of California, N.A. as joint lead arrangers and joint bookrunners in connection with a $1.4 billion senior secured term loan for Arch Coal, Inc. (the “Company”).
Tags: Shearman & Sterling LLP | New YorkShearman & Sterling advised Lecta S.A., a CVC portfolio company, on its reorganisation and its refinancing, comprising a high yield bond issuance of €390 million Floating Rate Senior Secured Notes due 2018 and €200 million 8⅞% Senior Secured Notes due 2019 and a new €80 million Revolving Credit Facility. As part of the refinancing, Lecta S.A. settled an exchange for its previously outstanding Senior Secured Floating Rate Notes due 2014, of which €340,654,000 was tendered in exchange for new Floating Rate Senior Secured Notes due 2018. The transaction involved a significant corporate reorganization of the Lecta group to rationalize the group structure.
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