United Western Bancorp Sues Office of Thrift Supervision and Federal Deposit Isurance Corporation

Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm has filed suit on behalf of the outside directors of the Denver-based holding company United Western Bancorp against the Office of Thrift Supervision (“OTS”) and the Federal Deposit Insurance Corporation (“FDIC”) for improperly seizing United Western Bank (“United Western”).

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Clifford Chance Advises Sea Trucks Group on Its US$200 Million Pre-QPO Convertible Bonds

Global law firm Clifford Chance has advised Sea Trucks Group (“Sea Trucks”), the Nigerian oil and gas contractor, on its issuance of US$ 200 million secured pre-QPO guaranteed convertible bonds due 2015  The Bonds were offered to institutional investors and listed on the Singapore Stock Exchange. In the event of a Qualified Public Offering (“QPO”) the Bonds will, subject to bondholders electing to take cash, be automatically converted into shares of the relevant QPO company.     Sea Trucks, is one of the largest and fastest growing oil and gas marine contractors in West Africa.

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Kelley Drye Represents Creditors in Anchor Blue Bankruptcy

Kelley Drye has been retained as counsel to the Official Committee of Unsecured Creditors of Anchor Blue and certain of its debtor affiliates. Based in Corona, California, Anchor Blue operates apparel stores that sell affordable youth-oriented clothing and accessories bearing the Anchor Blue name. Anchor Blue operates approximately 115 stores in nine western and southwestern states, including Arizona, California and Texas.

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Simmons & Simmons Advises Dialog Semiconductor Plc on Cross Border TMT Acquisition

Simmons & Simmons has advised Dialog Semiconductor plc (Dialog), a leading provider of highly integrated power management semiconductor solutions for portable devices, on its acquisition of ELTX Holding B.V. (ELTX) for an enterprise value of US$ 86.5 million. ELTX is the holding company of SiTel Semiconductor B.V., a leader in short-range wireless, digital cordless and VOIP technology.

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Ashurst Advises on the Kingdom of Sweden’s Sale of US$2.94 billion Stake in Nordea

Ashurst is advising Nomura International, Morgan Stanley International and SEB Enskilda on their role in the Kingdom of Sweden’s sale of 255 million shares in Nordea Bank, the Nordic region’s largest lender. At SEK 74.5 per share, proceeds of 19 billion kronor (US$2.94 billion) were raised by way of an accelerated bookbuild directed at Swedish and international institutional investors.

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