Shearman & Sterling represented AES Gener S.A. (“AES Gener”) in connection with its tender and exchange offers and consent solicitation (the “Tender and Exchange Offer”) for any and all of its outstanding 7.50% Senior Notes due 2014 and a concurrent offering of 5.25% Senior Notes due 2021 offered under Rule 144A/Regulation S. In addition, AES Gener conducted a concurrent offer in the local Chilean market to purchase for cash its outstanding 8.00% Series Q Notes due 2019 (the “Chilean Tender Offer”). Cash proceeds from the 5.25% Senior Notes due 2021 offering were used to pay the cash purchase price, premium and other fees and expenses relating to the Tender and Exchange Offer and the Chilean Tender Offer. AES Gener is the second-largest electricity generation and supply company in Chile and is majority-owned by the AES Corporation.

Leading international law firm Clifford Chance has advised on three Korean capital market transactions in July.

Simpson Thacher represented HCA Inc. in its issuance of $5 billion of senior notes.  The high yield offering – the largest since the financial crisis, according to Standard & Poor’s Leveraged Commentary & Data  – was comprised of $3 billion of 6.50% Senior Secured Notes due 2020 and $2 billion of 7.50% Senior Notes due 2022.  HCA intends to use the net proceeds to redeem a portion of its outstanding secured notes.

International law firm Freshfields Bruckhaus Deringer LLP has advised Astrium (Europe’s largest space company) on its $960m acquisition of Vizada, a key provider of fixed and mobile satellite communications.

The U.S. Court of Appeals for the Second Circuit on Monday reversed the high-profile fraud convictions of five former AIG and General Reinsurance executives, concluding that their trial was contaminated by prejudicial evidence and an improper jury instruction. Hogan Lovells represented one of the defendants, former Gen Re chief financial officer Elizabeth Monrad, and developed the winning jury-instruction argument. Hogan Lovells New York partner Ira Feinberg led the appellate representation of Ms. Monrad and argued the case before the Second Circuit.

Baker & McKenzie’s international securities team in Singapore recently advised CIMB, Deutsche Bank and DBS, as international selling agents, in connection with a global offering pursuant to Regulation S of shares of PT Indomobil Sukses Internasional Tbk (Indomobil) conducted concurrently with a rights issue. Indomobil is one of the largest automotive groups in Indonesia.