Greenberg Traurig Expands Korea Practice with the Addition of Hyun Chung

The international law firm Greenberg Traurig, LLPannounced that Hyun Chung has joined the firm as a shareholder in its New York Corporate & Securities Practice.  Chung will focus on enhancing the firm’s practice in Korea and throughout Asia.  Prior to joining the firm, Chung was Director and  Counsel at Credit Suisse Securities (USA) LLC, where he advised across a wide range of structured products and derivatives, having previously practiced law as Senior Corporate Attorney at Simpson Thacher & Bartlett LLP in New York.

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Tags:  Greenberg Traurig, LLP | New York

Proskauer Advises Accor on Planned $1.9 Billion Sale to Blackstone Group

Proskauer advised long-term client Accor S.A. on the proposed sale of its United States Economy Hotels Division to an affiliate of Blackstone Real Estate Partners VII for $1.9 billion. The network includes Motel 6, the iconic North American brand, and Studio 6, an extended-stay economy chain, and comprises 1,102 hotels in the United States and Canada. The transaction is the largest in the U.S. lodging industry since 2010.

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Tags:  Proskauer Rose LLP | New York

Weil Advises Edwards Group on Cross-Border IPO

Global law firm Weil, Gotshal & Manges represented Edwards Group Ltd., which has its headquarters in Crawley, UK, in connection with its initial public offering on the NASDAQ stock exchange in New York. Shares of the manufacturer of industrial vacuum equipment were priced at $8 per share; and trading of the approximately 12.5 million shares on offer commenced on May 11. At pricing, the market capitalisation of Edwards Group was $903 million. The IPO closed on May 16.

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Tags:  Weil, Gotshal & Manges, LLP | New York

Davis Polk Advises Dalian Wanda Group on Its Acquisition of AMC

Davis Polk is advising Dalian Wanda Group Co., Ltd. (Wanda) on its approximately $2.6 billion acquisition of AMC Entertainment Holdings, Inc. (AMC). As part of the transaction, Wanda intends to invest up to an additional $500 million in AMC over time to fund AMC’s strategic and operating initiatives. The transaction is subject to customary closing conditions and U.S. and Chinese regulatory approvals.

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Tags:  Davis Polk & Wardwell LLP | New York

Noted Executive Compensation and Employee Benefits Partner Domnick Bozzetti Joins Morrison & Foerster in New York

Morrison & Foerster is pleased to announce that Domnick Bozzetti, a highly experienced executive compensation and employee benefits partner, has joined the Tax Department in the firm’s New York office. Mr. Bozzetti’s capabilities expand the firm’s ability to advise clients on the federal tax aspects of executive compensation and employee benefits issues in mergers and acquisitions. Mr. Bozzetti also has extensive experience counseling public companies on other executive compensation issues, including disclosure issues in annual proxy statements and other filings.

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Tags:  Morrison & Foerster LLP | New York