Davis Polk Advises Treasury on Its $5.8 Billion Offering of AIG Common Stock

Davis Polk advised the United States Department of the Treasury (Treasury) in connection with its offering of approximately 188.5 million shares of common stock of American International Group, Inc. (AIG), which included the full exercise of the underwriters’ over-allotment option, representing proceeds to Treasury of approximately $5.8 billion. AIG agreed to purchase approximately 65.6 million shares in the offering, representing $2 billion of Treasury’s proceeds from the sale.

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Tags:  Davis Polk & Wardwell LLP | New York

Herbert Smith Advises on the Establishment of US$1.5 Billion Euro Medium Term Note Programme by Indonesia Eximbank and the First Issue of US$500 Million 3.75% Notes Issued under the Programme

Herbert Smith has recently advised The Hongkong and Shanghai Banking Corporation Limited, Mitsubishi UFJ Securities International plc and Standard Chartered Bank (together the “Joint Lead Managers”) on the establishment of a US$1.5 billion euro medium term note programme (the “Programme”) and the first issue of US$500 million 3.75% notes due 2017 issued under such Programme.

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Tags:  Herbert Smith Freehills Kramer LLP | Singapore

Henry J. Ricardo Joins Patterson Belknap as a Partner

The firm is pleased to announce that Henry J. Ricardo has become a partner effective May 10, 2012. Focused on financial services litigation, Mr. Ricardo has represented a broad range of entities, including a financial guaranty insurer, international banks, venture capital funds, securities brokers and financial advisors. He has been active in a number of high-profile matters that arose out of the recent economic crisis.

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Tags:  Patterson Belknap Webb & Tyler LLP | New York