King & Spalding Advises on World’s First Floating LNG Production Unit

King & Spalding advised Pacific LNG Operations, Ltd., on the commercial framework agreement and related project agreements among Pacific LNG, InterOil Corporation, Liquid Niugini Gas Ltd. (LNGL), Flex LNG Ltd. (FLNG) and Samsung Heavy Industries Co., Ltd., governing the terms for the development, construction, financing and operation of a planned floating liquefied natural gas (LNG) production unit in the Gulf Province of Papua New Guinea.

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Davis Polk Advises Stable Investment Corporation on Its Investment in China Lumena New Materials

Davis Polk is advising Stable Investment Corporation (SIC), a wholly owned subsidiary of China Investment Corporation, the Chinese sovereign wealth fund, and CITIC Capital China Access Fund Limited (CITIC Capital), a private investment fund managed by a subsidiary of CITIC Capital Holding Limited, in connection with their investment in China Lumena New Materials Corp. SIC and CITIC Capital agreed to subscribe for 6% convertible bonds due 2014 of Lumena in an aggregate principal amount of US$120 million (equivalent to approximately HK$933 million).

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Simpson Thacher Represented DJO Finance LLC and DJO Finance Corporation in Acquisition Finance Transactions

Simpson Thacher represented DJO Finance LLC and DJO Finance Corporation, wholly-owned subsidiaries of DJO Global, Inc., as co-issuers in connection a Rule 144A offering of $300 million aggregate principal amount of 7.75% Senior Notes due 2018, guaranteed by each of DJO Finance LLC’s direct and indirect wholly owned domestic subsidiaries.  The deal closed on April 7, 2011.  DJO used the net proceeds from the offering to fund the acquisition of Rikco International, LLC, D/B/A Dr. Comfort, a provider of therapeutic footwear, to pay fees and expenses associated with the acquisition and the related financing and to repay borrowings under DJO’s senior secured revolving credit facility.

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Success for Clyde & Co’s Corporate Team

Clyde & Co’s Corporate team has been closely involved in a multi-million-pound deal to support the expansion of one of India’s leading private sector housing finance companies, Dewan Housing Finance Corporation Ltd (DHFL).

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K&L Gates Advises Clean Power Group on $50 Million Solar Project Strategic Financing

Global law firm K&L Gates LLP recently advised independent power producer Clean Power Group on the securing of more than $50 million from a strategic investor for the development of a California solar power project. Led by Palo Alto partner Dirk Michels, the transaction includes financing and credit support for the development of an up to 500 megawatt solar development project in Kern County, Calif.

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Simpson Thacher Represents Aluminum Corporation of China Limited in the Establishment of a Sino-Foreign Equity Joint Venture with Sapa AB to Serve the High-Speed Railway Market in China

The firm recently represented Aluminum Corporation of China Limited (“Chalco”) in connection with its establishment of a Sino-foreign equity joint venture (the “JV”) with Sapa AB (“Sapa”) and the related transitional arrangements between the JV and Southwest Aluminum (Group) Co., Ltd., a Chalco affiliate.

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Simpson Thacher Represents Underwriters in SEC Registered Offering by General Maritime Corporation

The Firm represented Jefferies & Company, Inc. and Dahlman Rose & Company, LLC in a public offering of 26,450,000 shares of common stock of General Maritime Corporation (“General Maritime”) (including the full exercise of the over-allotment option).  General Maritime received approximately $49.5 million in net proceeds from the offering.

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DLA Piper Advises SEB AG on Financing the “Das Es!” Shopping Centre

The international law firm DLA Piper has advised SEB AG on financing the purchase of the Esslingen shopping centre “Das Es!”. Purchase of the inner-city shopping centre with some 14,500 m² of retail sales space, which also includes a commercial and medical centre with approx. 8,500 m² of office and surgery space as well as 322 underground parking spaces, was carried out through a Jersey trust fund of Rockspring Property Investment Managers LLP.

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