Milbank Team Secures Victories for Central Bank of Mongolia in U.S. District Court in the Southern District of Florida

The U.S. District Court for the Southern District of Florida last week upheld a judgment achieved by a Milbank team for the Firm’s client, the Central Bank of Mongolia (“BOM”). That victory capped a series of judgments in favor of the Central Bank, each in the amount of $69 million plus attorneys’ fees, on RICO, fraud and civil theft claims.

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Locke Lord Opens Hong Kong Office Led by Internationally Recognized REIT Attorney Brad Markoff

Locke Lord has raised its global profile with the opening of a new office in Hong Kong led by internationally recognized REIT and Capital Markets attorney Brad Markoff. Hong Kong represents the 13th office for Locke Lord and the second international office after London. As Hong Kong Office Managing Partner and head of its Asia practice, Markoff will focus on developing new business opportunities not only in Hong Kong but throughout Asia, including China, Korea, Singapore, the Philippines and India.

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White & Case Acts for Mexichem on US$300M Acquisition

Global law firm White & Case LLP advised Mexichem SAB de CV, a major Mexican chemical producer, on its US$300 million acquisition of the AlphaGary Plastic Compounding Business Division of Rockwood Holdings, Inc. (NYSE: ROC). This is the second acquisition in which White & Case acted for Mexichem in less than a year.

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Travers Smith Advises Cenkos and Investec on Assura’s Placing and Open Offer and Takeover of AH Medical Properties

Travers Smith is advising Cenkos Securities plc, as financial adviser, sponsor and broker, and Investec Bank plc, as broker to Assura Group Limited (“Assura”) (the Guernsey incorporated medical property operator), on its recommended offer for AH Medical Properties plc (the “Offer”) and related placing and open offer on the Official List.

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Simpson Thacher Represents JPMorgan Chase & Co. in the Sale of Approximately $400 Million of Credit Card Assets

Simpson Thacher represented JPMorgan Chase & Co. in connection with its sale of approximately $400 million of credit card assets to GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company.  The transaction involves a sale of JP Morgan’s consumer credit card receivables associated with a private label and co-branded MasterCard program for The TJX Companies, Inc., a leading off-price retailer of apparel and home fashions.  The transaction is expected to close in the second quarter of 2011, subject to customary closing conditions.

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Clifford Chance Advised the Bondholders of Elektrim S.A.

Clifford Chance represented the bondholders of Elektrim S.A. (EUR 500 m eurobonds) in Poland in a prominent dispute before the commercial, bankruptcy and arbitration courts. The case was closely related to the end of the dispute concerning ownership of shares in Polska Telefonia Cyfrowa, between Elektrim, Vivendi and Deutsche Telekom.

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