Willkie represented longtime client Level 3 Communications in its tax-free, stock-for-stock acquisition of Global Crossing Limited. The transaction, announced on April 11, is valued at approximately $3.0 billion, including the assumption of approximately $1.1 billion of net debt. It will create a premier global communications provider with an owned network in more than 50 countries and connections to more than 70 countries.

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.

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).

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.

A McDermott Will & Emery LLP pro bono team has secured an agreement by the German government to make reparation payments to a Holocaust survivor 65 years after her liberation from a Nazi concentration camp.

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).

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.