The Legal 500

Publishing firms

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Avellum Partners Advised Ferrexpo on Three Export Financing Credits

October 2014. Press Releases by Avellum Partners (view listing).

Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:

Read more…

Avellum Partners Advised Ferrexpo in connection with Acquisition of Rail Facilities

October 2014. Press Releases by Avellum Partners (view listing).

Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line.

Read more…

Avellum Partners Acted for Sellers of FMCG Producer

October 2014. Press Releases by Avellum Partners (view listing).

Avellum Partners acted as the legal counsel to the owners of a leading Ukrainian FMCG producer in connection with its sale to a private investor.

Read more…

Hengeler Mueller advises KKR on investment in arago

October 2014. Press Releases by Hengeler Mueller (view listing).

KKR, a leading global investment firm, announced an investment in arago AG ("arago"). arago is a German-based high-tech company specialised in IT automation. KKR will acquire a minority stake in arago and support the global roll-out of arago's product portfolio with growth equity.

 

Read more…

Channel Islands Securities Exchange Authority Limited: Chapter 8 Debt Listings

October 2014. Press Releases by Ogier (view listing).

Funds Legal and Regulatory Update 

Period covered: 31 March 2014 to 30 September 2014

1 Alternative Investment Fund Managers Directive (AIFMD)

1.1 ESMA questions and answers on the application of the AIFMD

ESMA has published Q&As on the practical application of a number of areas of the AIFMD, including remuneration, reporting, and leverage.  In particular in respect of leverage, ESMA clarified that debt held by a vehicle controlled by the AIF (for example, a portfolio company or asset holding vehicle) will not be included in any calculation of the AIF's leverage, provided that the AIF does not have to bear any potential losses beyond its investment in that vehicle and the vehicle was not established in order to increase exposure at the level of the AIF.

Read more…

The work on the electronic portal of judicial enforcement of the Ministry of Justice has began

October 2014. Press Releases by Popov & Partners (view listing).

In early August 2014 „Popov & Partners" Law office was selected by the Ministry of Justice of the Republic of Bulgaria to perform public procurement named „Research and analysis of existing systems for enforcement in the EU Member States, research and exchange of the European good practices related to the construction of electronic system/portal for enforcement". The research is in the framework of „Effective and transparent enforcement, integrated with national and European electronic legal systems" implemented with the grant of the Operational Programme „Administrative Capacity", co-financed by the European Union through the European Social Fund.


Read more…

“Popov & Partners” has execute an analysis of the structure of the OP “Administrative Capacity

October 2014. Press Releases by Popov & Partners (view listing).

In the middle of July 2014 "Popov and Partners" law office was awarded a public procurement, announced by the Ministry of Finance, with subject matter "Analysis of the structure of the Managing Authority of Operational Programme "Administrative Capacity" (OPAC) and development of an offer for structure of the Managing Authority of Operational Programme "Good Governance" (OPGG) in relation to the 2014-2020 programming period". The public procurement is part of a project for analysis of the structure of the Ministry of Finance and Operational Programme "Administrative Capacity" Directorate, realized with the financial support of Operational Programme "Administrative Capacity" (OPAC), co-funded by the European Union through the European Social Fund. The most fundamental aim of all project activities is to guarantee the effective execution of Operational Programme "Administrative Capacity" Directorate at the Ministry of Finance, in its capacity of Managing authority of the new Operational Programme "Good Governance" 2014 - 2020, which will replace Operational Programme "Administrative Capacity" and Operational Programme "Technical Assistance", implemented during the past programming period.


Read more…

Hengeler Mueller advises Bertelsmann on acquisition of full ownership of Gruner + Jahr

October 2014. Press Releases by Hengeler Mueller (view listing).

The international media company Bertelsmann is increasing its ownership of Gruner + Jahr to 100 percent by acquiring Jahr Holding's 25.1 percent shareholding. The transaction was agreed among Gruner + Jahr's shareholders. Bertelsmann's acquisition of the remaining shares in Gruner + Jahr will become effective on November 1, 2014. The purchase price is being paid in cash, and the parties have agreed not to disclose the amount.

 

Read more…

Hengeler Mueller advises LEG Immobilien AG on acquisition of portfolio of around 9,600 residential u

October 2014. Press Releases by Hengeler Mueller (view listing).

A subsidiary of LEG Immobilien AG ("LEG"), acting as the buyer, and Deutsche Annington Immobilien SE ("Deutsche Annington"), acting as the seller, yesterday signed an agreement for a portfolio transaction for around 9,600 residential units and related employees in North Rhine-Westphalia by way of share deal. The total transaction volume amounts to €484m. Following antitrust approval, the closing of the transaction is expected by the end of October 2014.

 

Read more…

Hengeler Mueller advises Blackstone on the acquisition of MesseTurm

October 2014. Press Releases by Hengeler Mueller (view listing).

Real estate funds managed by Blackstone ("Blackstone") have acquired the MesseTurm building in Frankfurt am Main. The completion of the sale is subject to regulatory approval.

 

Read more…

Goltsblat BLP ranked among the best in financial and corporate law by IFLR1000 2015

October 2014. Press Releases by Goltsblat BLP (view listing).

Goltsblat BLP, the Russian practice of leading international law firm Berwin Leighton Paisner (BLP), has been ranked among the best firms by IFLR1000 (International Finance Law Review) 2015. Goltsblat BLP lawyers were rated in 5 practice areas: M&A, Banking, Project Finance, Restructuring and Insolvency, Debt Capital Markets. Goltsblat BLP was recognised in the category Capital Markets for the first time this year.

Read more…

Law Firms Avellum Partners and Freshfields Bruckhaus Deringer LLP Successfully Represented One of th

October 2014. Press Releases by Avellum Partners (view listing).

Law Firms Avellum Partners and Freshfields Bruckhaus Deringer LLP (Frankfurt am Main) successfully represented one of the largest Ukrainian producers of fish and fish products in the LCIA arbitration proceedings arising out of the ISDA Agreement against member of a leading emerging markets investment bank in connection with a number of transactions executed by it on behalf of the client.

Read more…

VEGAS LEX takes part in GenerationS forum for startups and investors

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

On October 9, 2014, Senior Associate of VEGAS LEX Corporate Practice Alexander Garmaev spoke at a meeting of the GenerationS Forum on structuring investment deals for startups and investors in innovation-based industries, energy efficiency and resource-saving projects.

 

Read more…

VEGAS LEX wins OGK-2’s dispute over gas turbine engine quality

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

VEGAS LEX lawyers have won a quality dispute for OGK-2 generating company to compel the supplier to improve a substandard gas turbine engine.

Read more…

Court rejects environmental claims against OGK-2 generating company

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

The VEGAS LEX team has won OGK-2's case against the federal environmental agency's (Rosprirodnadzor) department for the Southern Federal District over hazardous atmospheric discharges, saving the client RUR 120 mln.

Read more…

Pepeliaev Group tops the 'World Transfer Pricing 2015' ratings

October 2014. Press Releases by Pepeliaev Group (view listing).

Law firm Pepeliaev Group has been named the top Russian adviser (Tier 1) for transfer pricing according to the ITR's 'World Transfer Pricing 2015' international tax ratings.

Those compiling the ratings set much store by a series of the firm's transactions: Pepeliaev Group represented a major oil and gas corporation in a dispute regarding additional tax being assessed based on transfer pricing principles.  Moreover, the firm's lawyers analysed, for a pharmaceutical corporation, the potential customs and tax implications of intra-group prices being reduced. They also handled a range of other large-scale projects.

The professionalism of Pepeliaev Group's specialists was also rated highly in Tax Controversy Leaders 2014,  the leading global guide to advisers on tax disputes. Featuring in the ratings were managing partner Sergey Pepeliaev, senior partners Rustem Ahmetshin and Andrey Nikonov, and head of analytics Vadim Zaripov. 
To take top spot (Tier 1) in the ratings, a company needs to play a substantial role in the relevant sector in its own jurisdiction, providing legal services across the board in relation to transfer pricing.  Moreover, it is a mandatory condition that the firm has a large number of clients engaged across different areas of the national economy. 
Earlier this year, Pepeliaev Group won in the category 'European tax transaction of the year in the energy sector' , as rated by the ITR European Tax Awards.  This involved the production sharing agreement drafted by Pepeliaev Group for the Russian Energy Ministry being acknowledged as the most significant in Europe. The agreement set a specific tax regime for investors during development of the Khvalynsk deposit. 

Read more…

Pepeliaev Group employees named among Russia's top managers

October 2014. Press Releases by Pepeliaev Group (view listing).

Employees of Pepeliaev Group figure prominently in the ‘Top-1000 Russian Managers' ratings. The firm's marketing director Ekaterina Kleimenova, finance director Alexander Nuzhdin, and IT director Dmitry Fadeev have all been named among the five best managers in Russia in their respective professional fields. The ratings were compiled by the Russian Managers Association and Kommersant publishing house. 

Ekaterina Kleimenova has been successfully working to promote Pepeliaev Group over many years. She implements an effective marketing and PR strategy, as well as maintaining a favourable image for the firm.  Under Ekaterina's direction, our firm's marketing team has grown thanks to the addition of high-quality specialists with experience of working in international business associations and leading media sources. These supplement employees whose professional development has been achieved within the firm.  The current image of the firm is due in large measure to the effective work done by Ekaterina and our marketing department as a whole. Under Ekaterina's leadership, one of the roles the department performs is as a fee-earning unit. It runs the 'Academy of Law' project and arranges open educational events.

Read more…

VEGAS LEX on legal aspects of doing business in Russia

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 23, 2014, VEGAS LEX partner and head of the International Projects Group Yuriy Bortnikov spoke before an audience of major venture funds and IT companies including Facebook, LinkedIn and Survey Monkey in Palo Alto, California. His presentation Doing Business in Russia: Essential Legal Matters was devoted to the legal specifics of the Russian environment for business.

Read more…

Hengeler Mueller advises arrangers and underwriters on financing of planned acquisition of Sigma-Ald

October 2014. Press Releases by Hengeler Mueller (view listing).

Merck, a leading company for high-tech products in the pharma, performance materials and life science sectors, and Sigma-Aldrich, also a leading life science and technology company, today announced that they have entered into a definitive agreement under which Merck will acquire Sigma-Aldrich for €13.1bn (converted). A USD 15.6bn bridge financing has been secured for the all-cash transaction. The final financing structure will comprise a combination of cash on Merck's balance sheet, bank loans and bonds. Deutsche Bank, J.P. Morgan and Société Générale acted as arrangers and underwriters in respect of the financing transaction. Closing is expected in mid-year 2015, subject to regulatory approvals, approval by a special shareholders' meeting of Sigma-Aldrich and other customary closing conditions.

 

Read more…

AstapovLawyers Becomes Official Legal Partner of Ukrainian Tennis Federation

October 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

AstapovLawyers is pleased to announce it has become an official legal partner of the Ukrainian Tennis Federation. AstapovLawyers will provide full legal support to the Federation including advice on on-going matters, drafting and negotiating contracts, employment, tax and corporate issues. AstapovLawyers has become the first law firm to act as an official legal partner of the Ukrainian Tennis Federation.

Read more…

PharmaStrategies-2015: Anti-monopoly service experts discuss problems and prospects of Russia’s ph

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

The plenary session of the PharmaStrategies-2015 conference focused on several key issues including a planned international pharmaceutical market information system for anti-monopoly regulators, changes in the federal law on circulation of medicines and the application of the law on public procurement contracts system.

Read more…

VEGAS LEX helps sign concession agreement on 12-tons-plus project

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 29, 2014, the Government of the Russian Federation and RT-Invest Transport Systems signed a concession agreement on one of the largest investment projects in Russia to introduce a tolling system for vehicles heavier than 12 metric tons.

Read more…

VEGAS LEX attends conference on Russia’s pension system in Khanty-Mansiysk

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

VEGAS LEX managing partner Alexander Sitnikov spoke at a conference sponsored by the Khanty-Mansiysk Non-State Pension Fund focused on Russia's pension system and relevant federal legislation earlier this month.

Read more…

Channel Island Securities Exchange, LBG - Continuing Obligations for issuers with listed Investment

October 2014. Press Releases by Ogier (view listing).

This Client Briefing has been prepared for the assistance of directors of investment funds listing "equity securities" as defined in Chapter I of the listing rules (the Listing Rules) of the Channel Islands Securities Exchange (the Exchange) under Chapter VII of the Listing Rules. This Briefing sets out certain of the continuing obligations which an issuer is required to observe once any of its securities have been admitted to listing. This Client Briefing should be read in conjunction with the ‘Channel Island Securities Exchange - Listing of Securities of Investment Funds' Briefing.

 

Read more…

1 August 2014: Walder Wyss opens office in Basel

October 2014. Press Releases by Walder Wyss Ltd (view listing).

Following the opening of our offices in Lugano in 2013, Walder Wyss has further expanded its operations with the opening of new offices in Basel.  We warmly welcome our new team which consists of 12 experienced legal professionals and 9 staff members.


Read more…

Export Commission paid to a Foreign Agent not Taxable

October 2014. Press Releases by Seth Dua & Associates (view listing).

The Delhi High Court in case of DIT v Panalfa Autoelektrik Ltd: 49 taxmann.com 412, held that export commission for arranging export sales could not be considered as consideration for providing managerial, consultancy or technical services, and therefore would not be taxable in India.

Read more…

Boult Wade Tennant maintains top tier rankings in this year's Legal 500

October 2014. Press Releases by Boult Wade Tennant (view listing).

Boult Wade Tennant is delighted to announce the firm has maintained our top tier rankings in leading industry directory: The Legal 500 in both the patent and trade mark categories.

Read more…

VEGAS LEX on important aspects of technological connection to power grids and power supply contracts

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 25-26, 2014, experts of the VEGAS LEX law firm spoke at a series of seminars organized by the LawTEK (PravoTEK) school.

Read more…

VEGAS LEX, VEB Innovations Fund explain shareholder agreements and term sheets

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 16, 2014, VEB Innovations Fund and the VEGAS LEX law firm held a seminar on drafting a term sheet and other corporate documents needed to finalize a deal for venture investment funds and members of the IR&D club (Innovation and R&D Directors Club).

Read more…

Azmi & Associates advises on Biodiesel Plant Acquisition

October 2014. Press Releases by Azmi & Associates (view listing).

Azmi & Associates recently advised Felda Global Ventures Holdings Berhad (‘FGVH') in a corporate transaction via its subsidiary, Felda Global Ventures Downstream Sdn. Bhd. (‘FGVD') in a joint venture agreement involving two other parties namely M2 Capital Sdn Bhd. (‘M2 Capital') and Benefuel International Holdings S.A.R.L. (‘Benefuel') which is a subsidiary of Benefuel US, through which an SPV will be incorporated to acquire a biodiesel plant. The JV company has agreed to acquire a biodiesel plant ("Plant") located at Gebeng, in the East Coast of Peninsular Malaysia from Mission Biofuels Sdn. Bhd. (‘MBSB') for a USD twenty two million and five hundred thousand (USD 22,500,000.00) (‘Plant Acquisition') under a Plant Purchase Agreement. The shareholding of FGVD, M2 Capital and Benefuel in the JV Company shall be 60% for FGVD, 20% for M2 Capital and 20% for Benefuel. The estimated project cost for the proposed joint venture including the Plant Acquisition, licensing costs, purchase of catalyst, refurbishment and retrofit shall be USD forty seven million and five hundred thousand (USD 47,500,000.00). The nature of business of the JV Company shall be manufacturing and producing biodiesel using the retrofitted Plant and other ancillary activities. 

Read more…

VEGAS LEX wins RUR 66 mln building contract dispute for its client

October 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 11, 2014, the VEGAS LEX law firm won a case for one of its clients - a major developer - in a dispute over a general contract to construct a luxury residential building in Moscow's Central Administrative Area.

Read more…

Boult Wade Tennant welcomes new Biotechnology and Life Sciences Attorney

October 2014. Press Releases by Boult Wade Tennant (view listing).

We are delighted to announce that Dr James Legg has joined Boult Wade Tennant’s Biotechnology and Life Sciences Group effective 29 September, 2014. James was previously part of a Cambridge based IP firm. As part of the Boult Wade Tennant team, he will help to develop our biological therapeutics and molecular biology practice.

Read more…

ANDREINA DEGLI ESPOSTI FORTHCOMING SPEECH FOR THE LLOYD’S MEET THE MARKET EVENT

October 2014. Press Releases by Villata, Degli Esposti, Perfetti e Associati (view listing).

It is our pleasure to inform you that Andreina Degli Esposti, Equity Partner of Studio Legale Villata, Degli Esposti, Perfetti e Associati, will be speaking at "Lloyd's-ILLCA Meet the Market" event, where she will dissertate the unique relationship between Lloyd's of London Insurance Market and Public Administrations in Italy. The talk will be geared towards local intermediaries and risk managers, as well as brokers and underwriters from the London Market. The event will take place on 2nd October 2014 between 14:00 and 19:30 and will be held at Palazzo Mezzanotte, Piazza degli Affari 6, Milano.

Read more…

VEGAS LEX on structuring venture deals

September 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 25, 2014, the VEGAS LEX law firm, the VEB Innovations Fund and the Innovation and R&D Directors Club (IR&D club), organized a roundtable conference, Corporation - Startup: Reaching for Mutually Beneficial Cooperation. The event was supported by Russian Venture Company.

Read more…

VEGAS LEX experts speak at Federal Road Agency Board on PPP projects and contract system

September 2014. Press Releases by Vegas Lex Law Firm (view listing).

On September 18, 2014, the Federal Road Agency (Rosavrodor) Board met in Sochi before the Sochi-2014 International Investment Forum. The VEGAS LEX experts attended the meeting.

Read more…

AstapovLawyers Holds Compliance Workshop for Energoatom

September 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

On 12 September 2014, AstapovLawyers has held a Compliance Workshop for employees of Energoatom, a national nuclear energy generating company.

Read more…

AstapovLawyers Successfully Represents Delta Bank

September 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

AstapovLawyers has successfully represented Delta Bank, one of the major Ukrainian banks, in a USD 71 million dispute against a Ukrainian tycoon, an owner of a significant agricultural group of companies in Ukraine.

Read more…

Ivan Lishchyna Speaks on Practical Problems of International Arbitration in Ukraine

September 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

Kyiv, 23 September 2014 - Ivan Lishchyna, Counsel, has taken part in the conference and students seminar "The relationship between alternative dispute resolution and ordinary courts: New trends in the Ukraine, Germany, Poland and other countries" organized in terms of collaboration with Institute for Eastern European Law, Munich. The event took place in the Institute of Legislation of the Verchovna Rada of Ukraine on September 8 - 10, 2014.

Read more…

Luxembourg - Cayman Private Equity Structures

September 2014. Press Releases by Ogier (view listing).

Fund formation

Global portfolio structuring

Many North American asset managers domicile investment funds with a

Delaware-Cayman master-feeder fund which then invests globally via

Luxembourg portfolio acquisitions structures.

This briefing summarises some key characteristics of such structures, as

illustrated in the following, simplified chart. Ogier Legal is the only international

law firm able to provide integrated advice on both the Cayman and Luxembourg

aspects of these funds, working with managers' lead, US counsel.

Read more…

Issues for trustees of Guernsey trusts when foreign couples divorce

September 2014. Press Releases by Ogier (view listing).

This briefing is intended to provide a general overview of some of the issues to be considered by trustees of Guernsey trusts and their advisers when foreign couples connected with the trust divorce.

This briefing note is not applicable to any particular circumstances and should not be regarded as a substitute for specific legal advice. Equally it is not intended to be comprehensive in its scope and it is recommended that clients seek legal advice on any proposed decisions prior to taking steps to implement them.

Guernsey has legislated to incorporate strong firewall provisions in its Trusts (Guernsey) Law, 2007 ("TGL"). These are designed to protect trustees of Guernsey trusts by ensuring that any questions concerning validity of the trust or dispositions (transfer of assets into them) are decided in Guernsey, in the court of the trustees' home jurisdiction and are to be determined according to the law of Guernsey without reference to foreign law[1]. There is a "carve out" in relation to dispositions of property into the trust where the property is either not owned by the settlor, or he has no power to make the disposition, in which case the Guernsey courts will recognise the law of a foreign jurisdiction in order to determine whether the settlor was the owner of the property or had the right to dispose of it. Thus, the TGL will not avail a foreign settlor who has settled assets into a Guernsey trust which for example he obtained by fraud or theft as constituted under his foreign domestic law[2].

Read more…

Zavadetskyi Advocates represented Canadian citizen on defense side

September 2014. Press Releases by Zavadetskyi Advocates (view listing).

In January 2014 - July 2014 Zavadetskyi Advocates advised and represented a Canadian citizen who had been imprisoned in Ukraine for serious crime and criminal investigation against whom raised many questions as to its integrity and impartiality. Along with their client, Zavadetskyi Advocates also advised a US charitable institution that provides social services internationally to people in crisis situations. The client has been released from the sentence several years before time and was able to leave Ukraine.    

Team of criminal advocates for this case was led by director of the bureau advocate Oleksandr Zavadetskyi.

Read more…

Luxembourg Corporate - Foreign direct investment - Structuring the equity

September 2014. Press Releases by Ogier (view listing).

As one of the leading global jurisdictions for structuring foreign direct investment (FDI), Luxembourg has developed a sophisticated framework to enable the financing of such investments.

The optimum balance of financing instruments in relation to any structure will vary according to its particular circumstances, including the laws applicable to the investors, the laws of the jurisdiction of the assets into which investment is made and commercial decisions as to the appropriate mix of bank finance and own funds. However, one factor that all Luxembourg domiciled FDI structures have in common is the requirement for an appropriate level of equity investment. Whilst the level of equity investment will also vary according to the circumstances of the particular investment structure, noting in particular the requirements of applicable debt-equity ratios, the corporate structuring of that equity investment will be largely a matter of commercial choice for investors and fund managers.

Read more…

Azmi & Associates advises on Biodiesel Plant Acquisition

September 2014. Press Releases by Azmi & Associates (view listing).

Azmi & Associates recently advised Felda Global Ventures Holdings Berhad (‘FGVH') in a corporate transaction via its subsidiary, Felda Global Ventures Downstream Sdn. Bhd. (‘FGVD') in a joint venture agreement involving two other parties namely M2 Capital Sdn Bhd. (‘M2 Capital') and Benefuel International Holdings S.A.R.L. (‘Benefuel') which is a subsidiary of Benefuel US, through which an SPV will be incorporated to acquire a biodiesel plant. The JV company has agreed to acquire a biodiesel plant ("Plant") located at Gebeng, in the East Coast of Peninsular Malaysia from Mission Biofuels Sdn. Bhd. (‘MBSB') for a USD twenty two million and five hundred thousand (USD 22,500,000.00) (‘Plant Acquisition') under a Plant Purchase Agreement. The shareholding of FGVD, M2 Capital and Benefuel in the JV Company shall be 60% for FGVD, 20% for M2 Capital and 20% for Benefuel. The estimated project cost for the proposed joint venture including the Plant Acquisition, licensing costs, purchase of catalyst, refurbishment and retrofit shall be USD forty seven million and five hundred thousand (USD 47,500,000.00). The nature of business of the JV Company shall be manufacturing and producing biodiesel using the retrofitted Plant and other ancillary activities.

 

Read more…

Azmi & Associates advises on Aviation Bid

September 2014. Press Releases by Azmi & Associates (view listing).

Azmi & Associates, in collaboration with another international law firm, has recently advised a local aviation company in a tendering process with [Australian government] for the provision of [aeromedical support services covering the southern part of Australia]. This bid exercise was taken via a Joint Venture [JV] arrangement between the local aviation company and an Australian organization, whom was advised by an Australian law firm. Both JV partners have committed a certain amount of [aircrafts] for this bid exercise. The value of the tender award is reported to be approximately in excess of USD 500 million for a period of 10 years. Azmi & Associates' depth of expertise in the aviation industry is expanding. Amongst other aviation deals handled by Azmi & Associates are aircraft financing, aircraft leasing and many more.

 

Read more…

Hengeler Mueller advises Neiman Marcus Group on the acquisition of mytheresa.com

September 2014. Press Releases by Hengeler Mueller (view listing).

Neiman Marcus Group LTD LLC announced that it has signed an agreement to acquire mytheresa.com, one of the world's leading online retailers for luxury fashion, from Christoph and Susanne Botschen and Acton Capital Partners. In addition, Neiman Marcus will also be acquiring the THERESA flagship luxury fashion store in Munich from the Botschen family. The transaction is expected to close later this year, subject to regulatory approvals and other customary closing conditions.

 

Read more…

Hengeler Mueller advises Deutsche Bank on financing of planned acquisition of Concur Technologies In

September 2014. Press Releases by Hengeler Mueller (view listing).

SAP SE plans to acquire Concur Technologies Inc., a leader in the market for travel and expense (T&E) management software. SAP is financing the acquisition through a credit facility agreement in an amount of up to €7bn arranged by Deutsche Bank to cover the purchase price, target debt refinancing and acquisition-related costs. The transaction is subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions. It is expected to be closed in the fourth quarter of 2014 or the first quarter 2015.

 

Read more…

Hengeler Mueller advises Siemens on sale of stake in BSH to Bosch

September 2014. Press Releases by Hengeler Mueller (view listing).

Bosch and Siemens have agreed that Robert Bosch GmbH will acquire Siemens' 50 percent stake in the joint venture BSH Bosch und Siemens Hausgeräte GmbH (BSH) at a purchase price of €3bn. In addition, Siemens and Bosch will each receive from BSH an additional distribution of €250m before the transaction is completed. The transaction, which still requires regulatory approval, will probably be completed in the first half of calendar year 2015. BSH will then become a wholly owned subsidiary of the Bosch Group. Under the terms of the agreement, BSH will also be allowed to produce and market household appliances under the Siemens brand over the long term.

Read more…

Nolan v. Minerva: Trustees and Dishonest Assistance

September 2014. Press Releases by Ogier (view listing).

In Nolan v. Minerva Trust & Others [2014] JRC 078A, the Royal Court delivered a salutary reminder of the high standards by which professional service providers in Jersey will be judged, and the need for scrutiny, careful reflection and demonstrable independence when taking investment decisions.  It also underlined the need to be robust, whatever pressure may be exerted, if there are (or should be) questions about the propriety of a transaction.

Read more…

AstapovLawyers Successfully Represents Canon Russia

September 2014. Press Releases by Astapov Lawyers International Law Group (view listing).

AstapovLawyers has successfully represented Canon Russia in a dispute with a Russian retailor LLC Fotosintez (Foto.ru brand) on abuse of rights in the surety agreement. 

Read more…

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to