Simpson Thacher Represents Morgan Stanley as Financial Advisor to Arch Chemicals in its Sale to Lonza

Tuesday, July 12, 2011
Simpson Thacher is representing Morgan Stanley as financial advisor to Arch Chemicals Inc. in its sale to Lonza Group Ltd. The transaction is structured as a tender offer for 100 percent of Arch Chemicals’ outstanding shares of common stock at a price of $47.20 per share in cash, representing an enterprise value of $1.4 billion. Lonza’s cash offer is subject to customary conditions including the tendering of more than two-thirds of Arch Chemicals’ outstanding shares of common stock and clearance from antitrust regulatory authorities. Lonza expects to complete the tender offer later in 2011.

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Tags:  Simpson Thacher & Bartlett LLP

Linklaters Advises the German Government Before the Supreme Court – Claims by the City of Berlin in the Amount of €450 Million Rejected

Tuesday, July 12, 2011
The German Supreme Court (Bundesgerichtshof) rejected a claim brought by the city of Berlin, according to which the German government should refinance 50% of the credit guarantees which the city council had used over many years for social housing schemes in the German capital. The city council had already been unsuccessful with a test case brought before the Regional Court (Landgericht) of Berlin in October 2009, and the Higher Regional Court had dismissed an appeal against that decision. The Supreme Court has now denied Berlin’s request for leave to appeal (which would have been necessary to file an appeal before the Supreme Court).

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Tags:  Linklaters LLP | Germany

King & Spalding Advises on Major Real Estate Development in Mecca

Tuesday, July 12, 2011
King & Spalding advised Bawabat Makkah Company, a wholly owned subsidiary of Al Balad Al Ameen Company, in a suite of agreements with Sumou Real Estate Company for the development of the first phase of Makkah Gate Project, a $27 billion complex comprising residential areas, a government administrative district, a business district, a shopping area, a university city, research centers, a park and a medical city located on 83 million square meters along the Mecca-Jeddah highway near the western entrance to the holy city of Mecca.

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Tags:  King & Spalding LLP

Paul Hastings Advises Treasury China Trust in Acquisition and Financing of Shanghai Shopping Mall

Monday, July 11, 2011
Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it has advised Treasury China Trust (“TCT”), a leading owner, developer and manager of commercial real estate in China listed on the Singapore Stock exchange, in its acquisition and financing of the Huai Hai Mall complex in Shanghai, China. Huai Hai Road is one of Shanghai’s major precincts for high-end and luxury brand retail shops.

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Tags:  Paul Hastings, LLP | Shanghai

WFW Advised Standard Chartered Bank and DBS Bank Ltd on a US$276M Financing to ECOM Group Companies

Monday, July 11, 2011
The Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, advised Standard Chartered Bank and DBS Bank Ltd as mandated lead arrangers and bookrunners in relation to a US$276 million syndicated financing to ECOM Agroindustrial Asia Pte. Ltd and ECOM Agroindustrial Corp. Limited, two members of the multi-national commodities trading group ECOM.  Five other members of the ECOM group provided guarantees in support of the facility which ultimately required the involvement of seven different jurisdictions on three continents.

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Tags:  Watson Farley & Williams LLP

Baker & McKenzie Advises Knowles Electronics on the Acquisition of Sound Solution Business of NXP Semiconductors

Monday, July 11, 2011
Baker & McKenzie advised Knowles Electronics, LLC on the acquisition of NXP Semiconductors Austria GmbH and NXP Semiconductors Beijing Ltd. Through this acquisition, the entire NXP-Sound Solution Business of NXP Semiconductors BV – a former business unit of Philips – will be transferred to Knowles Electronics. The purchase price amounts to USD855 million.

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Tags:  Baker McKenzie