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Danos & Associates law firm will take part in International BEST LEGAL Conference-2015 that will take place in Four Seasons Hotel in Limassol, Cyprus between September 27-29.The Conference will bring together lawyers, legal advisers, businessemen and other professionals from Cyprus, Russia, Ukraine, Great Britain, Armenia, Bulgaria and several other countries. The Conference is organised by Cypriot business magazine Successful Business.
Niederer Kraft & Frey advised Mercer, a part of the Marsh & McLennan Companies group, in the acquisition of SCM Strategic Capital Management AG (SCM). Completion of the transaction is inter alia subject to regulatory approvals. NKF is supporting the Mercer in-house legal team. Slaughter and May is advising on Hong Kong law and Elvinger, Hoss & Prussen on Luxembourg law matters.
On 18 December 2014, Apax and NJJ Capital SAS, Xavier Niel's private holding company, have agreed to sell mobile telecom operator Orange Communications SA for a total transaction value of CHF 2.8 billion (EUR 2.3 billion). The transaction is subject to customary regulatory approval and expected to complete by the end of Q1 2015.
Niederer Kraft & Frey advised Knorr-Bremse AG, the world’s leading manufacturer of braking systems for rail and commercial vehicles, which is based in Munich and employs more than 24,000 people worldwide, in the acquisition of Selectron Systems AG, Lyss. Through this acquisition, Knorr-Bremse is expanding its portfolio to include components and solutions for the automation of rail vehicles.
Niederer Kraft & Frey advises Sherpa Asset Management AG, providing asset management services to wealthy individuals, foundations, family offices and other institutions, in connection with its successful authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager of collective investment schemes.
Niederer Kraft & Frey advises Quantica Capital AG, an asset management company focused on quantitative investment strategies, in connection with its successful authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager of collective investment schemes. As of today, Niederer Kraft & Frey has a proven track record of – alone under the revised CISA – 10 successful FINMA authorizations of CISA asset managers including, among others, Twelve Capital AG, BWM AG, Parsumo Capital AG, JMA Jürg Maurer Asset Management AG and MainFirst Schweiz AG.
Shortly before Builder’s Day, Moscow hosted a major conference that covered broad business issues concerning the construction industry’s development in modern conditions, with VEGAS LEX actively participating in the event.
Schoenherr advised EVO Payments International (EVO) on the launch of a strategic alliance with Raiffeisenbank a.s. in the Czech Republic in the segment of payment card acceptance. read more...
Kim & Chang has been named as the ‘Best Asian Law Firm 2015: Gold Award’ by the International Legal Alliance Summit & Awards 2015 for two consecutive years.
Assicurazioni Generali S.p.A. announced the sale of its banking subsidiary BSI SA to Banco BTG Pactual S.A. for CHF 1.5 billion. The transaction is subject to regulatory approvals.
On 4 June 2014, Dufry AG ("Dufry"), a Swiss corporation listed on the SIX Swiss Exchange, announced that it had signed an agreement to acquire 100% of The Nuance Group AG ("Nuance"), a global travel retailer based in Zurich, for a consideration of CHF 1.55 billion.
Niederer Kraft & Frey advises Citychamp Watch and Jewellery Group Ltd (formerly known as China Haidian Holdings Ltd.), a group of companies listed on the Hong Kong Stock Exchange and primarily engaged in design, production and sale of watches and timepieces, which possesses, among others, the renowned global watch brands "Corum", "Eterna" and "Rotary", in the issuance of a Bond. UBS AG acted as listing and principal paying agent in respect of the Bonds Issue.
Niederer Kraft & Frey advises Herbert Schneider in the sale of W. Schneider+Co AG, a Swiss company with a long tradition, which is the market leader in the field of mirror cabinets with approximately 100 employees in Langnau am Albis, Flums and Laufenburg (Germany), in the context of his succession plan to the Investnet Group. The parties have agreed to keep the purchase price confidential.
In the rights offering Leonteq, a Zurich-based integrated structured investment service provider listed on SIX Swiss Exchange (SIX: LEON), offered a total of 1,296,295 new registered shares through the issuance of tradable subscription rights to existing shareholders. By the end of the subscription period subscription rights for 99.6% of the new registered shares offered had been exercised. The net proceeds of the rights offering were CHF 173 million. Credit Suisse AG acted as Global Coordinator and Joint Bookrunner, Raiffeisen Cooperative Switzerland as Joint Bookrunner.
Niederer Kraft & Frey advises CPH Chemie + Papier Holding AG (SIX: CPHN) in the issuance of a CHF 120m corporate bond (the first-ever bond issued by the CPH Group). The issuance of the corporate bond was coordinated by UBS AG.
Niederer Kraft & Frey advises the owners of the Roth companies with registered seats in Gerlafingen (SO), Lausen (BL), Rümlang (ZH) and Malters (LU), in the context of their succession plan in the sale of a majority participation in the Roth Group, a Swiss leading provider of solutions in the area of fire protection, insulation and lamination with approx. 200 employees – to Constellation Capital AG, Pfäffikon. The parties have agreed to keep the purchase price confidential.
Swiss Re Corporate Solutions Ltd successfully placed subordinated notes in an amount of USD 500,000,000 with a term of 30 years through Cloverie Public Limited Company. The notes issued by Swiss Re Corporate Solutions Ltd shall qualify as lower tier 2 capital (unteres ergänzendes Kapital) under Swiss insurance regulations. BNP Paribas, Citigroup Global Markets Limited, Merrill Lynch International, RBC Europe Limited, SMBC Nikko Capital Markets Limited, Standard Chartered Bank, UniCredit Bank AG und Wells Fargo Securities International Limited acted as managers or co-managers.
Niederer Kraft & Frey advises Progressive Capital Partners Ltd, an asset management company focusing on alternative investments, in connection with its authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager and representative of collective investment schemes (June 2014).
ARYZTA successfully placed EUR 250,000,000 perpetual callable subordinated securities through its Irish financing vehicle Aryzta Euro Finance Limited. The securities are guaranteed on a subordinated basis by ARYZTA AG, the Swiss parent company. Niederer Kraft & Frey AG acted as legal advisors to the joint lead managers, BNP Paribas, J.P. Morgan Securities plc and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank).
The Joint Money Laundering Intelligence Taskforce is an attempt to tackle money laundering in the UK. But it poses challenges for bankers, who have to be sure they respond appropriately if they are to be above suspicion.
VEGAS LEX has participated in an AssoNeft roundtable on oil and gas SMEs development in Russia in Saratov.
The Constitution of the Republic of Cyprus and in particular Article 146 of the Constitution was recently amended pursuant to the Establishment and Operation of the Administrative Court Law 2015 (Law 131(I)/2015) which was published in the Official Gazette on 21/7/2015.
The VEGAS LEX law firm has organized a roundtable to analyze the potential of applying the new PPP law to investment projects and the concession and PPP legislation development trends.
The VEGAS LEX law firm has appointed two new partners, Alexander Vyazovik and Evgeniy Rodin.
27 July 2015 saw the court hearing of the claim Sony Music Entertainment (major sound recording company) lodged against the VKontakte social network. The legal team from Goltsblat BLР, Russian practice of Berwin Leighton Paisner (BLP), represented the claimant at the hearing.
Tonia Antoniou and Lambros Soteriou, Partners at Michael Kyprianou & Co LLC licensed to act as Insol
We are pleased to announce that Tonia Antoniou and Lambros Soteriou, partners at Michael Kyprianou & Co. LLC have been licensed to act as Insolvency Consultants.
Pon acquired 100% of the shares in Augusta Benelux BV (known under the trade name BBB).
A leading international legal directory has named Bell Gully partner David Coull as one of the top energy specialists in the world.
AKD recently advised the founders of Greenwheels during the sale of their company to Volkswagen Financial Services AG and Pon. These two companies had been interested in acquiring Greenwheels since 2012.
AKD advised Newion Investments Capital Early Work Placement Fund during the investment in 24i Unit Media B.V. Newion acquired a minority shareholding with this investment.
Morgan Clark & Company, a Dutch company specialized in IT consultancy, has become part of U.S. based Mobiquity Inc. (NASDAQ: MOBQ)
Ab Ovo is an international provider of enterprise software solutions serving the distinctive markets of transport and logistics and offers best-of-breed third party technology solutions for complex issues in the areas of planning, scheduling and optimization (Advanced Planning and Scheduling or 'APS') to, amongst others, rail cargo operators, shipping companies, and a variety of passenger transport companies and infra providers. Ab Ovo has a work force of over 100 employees in the Netherlands and Germany, Ab Ovo caters to blue chip clients across Europe, including the Benelux, Germany, Denmark, Norway, Sweden, Finland, Croatia, United Kingdom.
AKD assisted Alten with the transaction, by which Alten has acquired all the shares in the EclipseIT companies owned by Frontstream Ltd., a Cyprus-based company. Alten Europe S.A.R.L., a company listed in France, thus acquires ownership of these companies via Alten Nederland B.V.
With its takeover of ArboNed, HumanCapitalCare has increased its workforce from 20 at its founding in 2001 to a current 1,250, and its annual revenue to EUR 125 million. The two companies combined will now be providing health and vitality services to more than 70,000 employers and over 1.5 million employees. A particular aspect of this transaction is that ASR, along with CZ, will once again be participating in the new combination, and that the requisite permission of the Dutch Healthcare Authority has been obtained.
AKD's team was formed by Vincent Wibaut, Zabdaj Pollen, Marije Osse, Anna Fredova, Geertje Leijten and Aniek Schadd.
ARES Management LP’s real estate fund, which has been the major shareholder in Aspria Group for over 10 years, sold its interests in various Aspria entities.
This July, the President of the Serbian Competition Commission (the “Commission”), Mr. Miloje Obradović, hinted in an interview that the Commission was ready to commence unannounced market investigations (dawn raids) of companies suspected of infringing competition law. The President stated that the Commission did not intend to focus on small companies, but rather, on leading market players.
On July 16 and 17, VEGAS LEX organized a workshop for Yekaterinburgenergosbyt company at the UMMC Technical University, aimed at exploring the organization and legal model of the wholesale and retail electricity markets’ work.
Vuk Draskovic of Bojovic & Partners spoke at the Official Opening Ceremony of the International Student Week at the Assembly of the city of Belgrade
Patrikios Pavlou & Associates LLC has been recognised as the “International Tax Planning Law Firm in Cyprus for 2015”.
On July 14, 2015, the Federal Road Agency (Rosavtodor) hosted a workshop, Funding Sources for Regional Projects in the Road Construction Industry, where plans for federal subsidizing of lucrative PPP-projects in Russian regions were presented.
Austria: Schoenherr advises Allianz Capital Partners on its first acquisition of wind parks in Austr
Schoenherr advised Allianz Capital Partners (ACP) on its acquisition of four wind parks in the Austrian state of Lower Austria from ImWind, one of the country’s largest wind farm operators, with a portfolio of 320 MW in operation. read more...
Metalak is a global producer of liquid and powder coatings, with offices in Bornem (Belgium) and Tiel (the Netherlands). Metalak is marketleader in the Netherlands in the sale of non-paint products.
On 17 February 2015, the notarial deed by which the title to 100% of the shares in the capital of Krijger Meelfabriek Renesse B.V. was transferred to Veemaal B.V., a subsidiary of the Belgian company Dossche Mills N.V., has been executed, and Veemaal B.V. consequently acquired these shares from Krijger Holding B.V., the sole shareholder of Krijger Meelfabriek Renesse B.V. An AKD team led by Carlos Pita Cao assisted the seller.
MorphoSys acquired for an amount of EUR 20 million all outstanding shares in the capital of biopharmaceutical company Lanthio Pharma from the other shareholders, including INKEF Capital, BioGeneration Ventures and HanzePoort.
VEGAS LEX has hosted a roundtable on recent trends in tax administration, attended by Finance Ministry and Federal Tax Service experts.
The Russian practice of the international law firm Berwin Leighton Paisner (BLP, has won an open tender to provide advisory (legal) services to the Federal Property Management Agency (Rosimushchestvo).
Head of VEGAS LEX Commercial Group Julia Tormagova has spoken at the Intersectoral Industrial Forum 2015, devoted to the non-financial economy support policies, the future of the financial and construction sectors, and international cooperation.
June 23rd, 2014
A rebounding international real estate market is creating attractive investment opportunities in St. Barths for wealthy US residents, one industry expert said.
Igor Chumachenko live on RBC TV: industrial zones development bill needs to be discussed with busine
VEGAS LEX partner Igor Chumachenko has commented on the planned legislation that will allow confiscating land in industrial zones on the RBC TV channel.