Simpson Thacher Advises First Reserve on Sale of Interest in Bahamas Oil Refining Company International Limited

Simpson Thacher advised First Reserve in the sale of the 80% interest owned by affiliates of First Reserve in Bahamas Oil Refining Company International Limited based in Freeport, Bahamas. The sale price was $1.36 billion and is contingent upon the receipt of certain approvals from the Government of the Bahamas.

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Hogan Lovells Advises Government of Mexico in Procurement of One Billion Dollar Satellite System

Hogan Lovells has represented the Government of Mexico in its recently-announced $1 billion contract with Boeing to deliver an end-to-end satellite communications system. The system, known as MEXSAT, will provide secure communications for Mexico’s national security needs, as well as enhanced coverage for the country’s civil telecommunications. Corporate lawyers Steven Kaufman in Washington, D.C. and Randy Segal in Northern Virginia led the Hogan Lovells team representing Mexico in the contract.

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Davis Polk Wins Patent Infringement Case on Behalf of VNUS Medical Technologies

On December 8, 2010, after five weeks of trial and four days of deliberation, a jury in the U.S. District Court for the Northern District of California returned a patent infringement verdict in favor of our client Tyco Healthcare Group LP d/b/a/ VNUS Medical Technologies (VNUS) and against two of VNUS’s competitors in the market for devices used in minimally invasive surgical procedures to treat veinous reflux disease (the cause of varicose veins).

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Shearman & Sterling Advises on E.CL’s Notes Offering

Shearman & Sterling represented E.CL S.A., a Chilean power company, in connection with its Rule 144A/Regulation S offering of US$400 million aggregate principal amount of its 5.625% Notes due 2021. E.CL is engaged in the generation, transmission and supply of electricity and the distribution and transportation of natural gas in the north of Chile, as well as the transportation of natural gas in Argentina. E.CL will use the net proceeds of this offering to repay outstanding loans and for general corporate purposes.

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Kaye Scholer Represented J.W. Childs Associates and BAML Capital Partners in Sale of Advantage Sales & Marketing to Apax Partners

Kaye Scholer represented long-time client J.W. Childs Associates, BAML Capital Partners and Advantage Sales & Marketing in connection with the sale of Advantage Sales & Marketing to Apax Partners for $1.8 billion. Advantage Sales & Marketing is a leading sales and marketing agency in the U.S., providing outsourced sales, marketing and merchandising services to manufacturers, suppliers and producers of consumer packaged goods.

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Dechert Represents Bondholders in First Known Native American Casino Restructuring

Dechert LLP has announced that it advised a committee of bondholders in connection with the financial restructuring of the Little Traverse Bay Bands of Odawa Indians (LTBBOI). An exchange offer to holders of the tribe’s $122 million 10.25% Senior Notes due 2014, which was launched October 26, 2010, has closed and became effective on November 30. The transaction, which is the first known restructuring of a Native American casino debt, will result in the exchange of $122 million of existing Senior Notes and related unpaid accrued interest for $23 million cash and $40 million in new 9.0% Senior Secured Notes due 2020.

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Milbank Represents Institutional Investors in $143 Million Leveraged Lease Financing of Hatchet Ridge Wind Farm

The international law firm Milbank, Tweed, Hadley & McCloy, LLP, led by Global Project Finance partner Allan Marks, represented the institutional lenders in the private placement of approximately $143 million of Pass-Through Certificates for the leveraged lease financing of the Hatchet Ridge Wind Farm, a 101.2 MW-rated wind-powered electricity generation facility located in Shasta County, California. The Hatchet Ridge project, which started commercial operation this month, is the only large-scale wind project to become operational in California in 2010. The Hatchet Ridge wind farm was developed by an indirect, wholly-owned subsidiary of San Francisco-based Pattern Energy Group. Additionally, a separate team at Milbank represented Crédit Agricole Corporate and Investment Bank as letter of credit issuer.

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Shearman & Sterling Advises on Province of Ontario’s $1.25 Billion Bond Offering

Shearman & Sterling represented the Province of Ontario in connection with Ontario’s public offering of US$1,250,000,000 of its 3.150% Bonds due December 15, 2017 (the “Bonds”). Application will be made to the United Kingdom Financial Services Authority for the Bonds to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc for the Bonds to be admitted to trading on the LSE.

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