Press releases and law firm thought leadership
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Die DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen mit Sitz in München („Data Modul AG“) steht vor einer öffentlichen Übernahme durch die Arrow Electronics, Inc. mit Sitz in Centennial, Colorado/USA. Deren Tochtergesellschaft Arrow Central Europe Holding Munich GmbH hat als Bieterin ein freiwilliges öffentliches Übernahmeangebot zum Erwerb sämtlicher Aktien der Data Modul AG zu einem Angebotspreis von EUR 27,50 je Aktie angekündigt. Dies entspricht einer Prämie von rund 36% auf den gewichteten durchschnittlichen Börsenkurs der Data Modul-Aktien während der letzten drei Monate.
On January 14, 2015, the VEGAS LEX law firm won an appeal case in the Sixteenth Commercial Court of Appeals for the sake of the Second Generating Company of the Wholesale Power Market (OGK-2)* in a dispute over the quality of a gas turbine engine (GTD-110) supplied by NPO Saturn to compel the defendant to restore the equipment's operation after a breakdown. The court ordered NPO Saturn to repair the broken GTD-110, with the cost of repairs adding up to RUB1bln, which is comparable with the cost of new equipment.
On January 13, 2015, the VEGAS LEX Dispute Resolution Practice won a case in the Ninth Commercial Court of Appeals for the sake of the Khanty-Mansiysk Non-State Pension Fund* in a dispute over a trust management agreement with regard to the fund's pension reserves.
It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path. These positive developments include:
Kyiv, 29 December 2014 - Avellum Partners advised Nadezhda Group ("Group"), operating in the liquefied petroleum and gas industry, on tax planning for holding structure of the Group, all legal and tax aspects of corporate restructuring and acquisition finance issues, aimed at obtaining finance from international finance institutions ("IFIs").
Kyiv, 14 January 2015 - Avellum Partners acted as Ukrainian legal counsel to Deutsche Bank AG, London Branch and ING Bank N.V., London Branch, who acted as Dealer Managers, in connection with the exchange offer of Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies ("Metinvest") for its USD500 million 10.25% guaranteed notes due 2015, coupled with the new issue of USD289.7 million 10.5% guaranteed notes due 2017 ("Notes") under its USD1,500,000,000 Guaranteed Medium Term Note Programme and a 25% cash consideration. The Bank of New York Mellon, London Branch acted as the Exchange Agent. The Notes are listed and admitted to trading on the Global Exchange Market of the Irish Stock Exchange.
In December 2014 the IP team of Gorodissky & Partners was joined by Valery Narezhny who will be in charge of the firm's new law practices such as taxes, customs and commercial laws.
Valery graduated from Finance Academy under the Government of Russia (Moscow) majoring in "Finances and Credits" and the Academy of Law and Management (Moscow) majoring in "Civil Law", holds PhD degree in economics. He is specializing in taxes, currency, customs, labor and commercial laws and in court disputes.
Valery started his carrier in the state bodies (Tax Policy Department, Ministry of Finance, and Government Administration), worked for a number of Russian and international law firms. He is author of more than 150 publications and 9 books on taxation and civil law issues.
Valery Medvedev, Managing Partner, Gorodissky & Partners, commented: "It appears from our clients' enquiries that they are in the need to obtain consultations and professional advice relating not only to protection and enforcement of intellectual property rights but also to IP issues governed by taxes, labor, currency and commercial laws. Valery Narezhny having considerable experience and knowledge in these practices will no doubt enhance our team of lawyers and considerably enlarge the range of the firm's legal services"
HaoLiWen has advised a multinational client in a case of the customs challenge against import transfer pricing. Recently, this case was successfully closed. The customs has accepted the transfer pricing policies of the client. The client has incurred no further import tax exposure, and the deposits put up with the customs for the shipments in question are to be refunded by the customs to the client.
The VEGAS LEX law firm will support this year's Philip C. Jessup International Law Moot Court Competition, the largest and most prestigious law school competition, which will take place in Moscow from January 28 through February 1.
Der Onlinehändler Windeln.de hat seine bislang größte Finanzierungsrunde abgeschlossen. Mit einem Investitionsvolumen von insgesamt etwa EUR 45 Mio. beteiligten sich neben dem Hauptinvestor Goldman Sachs auch die bisherigen Geldgeber MCI Management, 360 Capital Partners, die Londoner Beteiligungsgesellschaft DN Capital sowie mehrere Deutsche Bank Fonds.
Schoenherr advised AIM Software Group ("AIM") on the receipt of an investment from and transfer of a majority interest to U.S.-based private equity firm Welsh, Carson, Anderson & Stowe ("WCAS"). AIM is a leading provider of data management software products to the financial services industry. Under the terms of the transaction, which was announced on 14 January 2015, AIM's existing management team will continue to operate the business and maintain a significant ownership stake in the company. WCAS is also investing primary capital in the business which will be used to further accelerate AIM's expansion. read more...
Walgreen Co., the largest drug store chain in the United States, has completed the acquisition of the remaining 55% equity ownership in Alliance Boots GmbH, the Swiss parent company of a leading international pharmacy-led health and beauty group. Walgreens had acquired 45% in Alliance Boots GmbH in 2012 with the option to proceed to a full combination by acquiring the remaining 55%.
We are pleased to announce that we elected Daniel Leu as partner as of 1 January 2015. Daniel Leu, a Certified Inheritance Law Specialist, advises private clients on corporate and estate planning, on the handling of estates, in connection with foundations and trusts and on questions in connection with the place of residence. Other areas of work include advising clients who buy or sell real estate in Switzerland and art law.
Luxembourg, 26 November 2014 - MOLITOR Avocats à la Cour, have continued expansion plans by announcing the recruitment of experienced litigator François Cautaerts. François comes to MOLITOR from Philippe & Partners as a partner, with Paulo Lopes Da Silva, in litigation and Dispute Resolution as well as specialising in Restructuring & Insolvency.
Luxembourg, 19 January 2015 - MOLITOR Avocats à la Cour is delighted to announce the promotion of Stéphanie Juan to Partner. Stéphanie, 37, became a member of the team in 2006 and was appointed Counsel in 2014. She will continue her practice in the area of Real Estate, Zoning and Environment.
Mouhamed KEBE and Boubacar Diakite, respectively Managing Partner, and Head Office Manager of GENI & KEBE have been honored for pro bono work by ‘'The Brooke'', a non-for profit organization based in London.
During a reception held in the British embassy in Dakar, Senegal, the CEO and the Senegal Country Director of ''The Brooke'', praised GENI & KEBE pro bono work for their assistance during the registration of the West Africa Regional office of the organization.
A trophy was given to Mouhamed KEBE, Managing Partner, in presence of Mr. John Marshall, the British ambassador, and several other guests who attended the ceremony.
‘'We're very happy to be honored by ‘'The Brooke'' for our pro-bono work'', said Mouhamed KEBE. ‘'This is a testimony of our commitment to serve our community.''
Born of the post-war plight of military horses, ‘'The Brooke'' is a UK charity that aids hard-working animals-and their owners-in developing countries around the world. Her Royal Highness the Duchess of Cornwall is the president of its UK board.
GENI & KEBE
Gornitzky represented Israel Corporation as the conglomerate split itself into two parts, and in the dual-listing of its spin-off, Kenon Holdings Ltd., on the TASE and on the NYSE.
Bank of America Merrill Lynch has provided refinancing for the property The Squaire located at Frankfurt Airport.
Kohlberg Kravis Roberts (KKR) and Deutsche Immobilien Chancen Real Estate GmbH have founded a joint real estate company named German Estate Group AG (GEG) which shall focus on the development and acquisition of commercial property.
Das globale Private Equity Investmenthaus Auda International (Auda) und das unabhängige Beteiligungsunternehmen HeidelbergCapital Private Equity (HeidelbergCapital) haben im Rahmen einer Partnerschaft die drei Technologieunternehmen nextevolution AG, Mobile City GmbH und die snom technology AG vom Hamburger Investor Beaufort Capital GmbH erworben. HeidelbergCapital und Auda verbindet eine langjährige Zusammenarbeit. Der Fokus der Investitionen liegt auf technologiebasierten Geschäftsmodellen sowie auf etablierten Unternehmen im deutschen Mittelstand.
Der Private Equity Investor Afinum hat das Familienunternehmen camano GmbH & Co. KG (camano) übernommen. Camano mit Sitz im bayerischen Pleinfeld ist einer der führenden Strumpfhersteller in Deutschland, der auch für die Modemarke S.Oliver produziert. Auf Verkäuferseite stand die Familie Moissl.
Die Berliner Tele Columbus AG strebt an die Börse. Der drittgrößte deutsche Kabelnetzbetreiber plant den Börsengang im Laufe der kommenden Woche.
Schoenherr partner Christian Herbst has been appointed Co-chair of the Corporate and M&A Law Committee of the International Bar Association (IBA). Herbst will serve in this top function for a two-year period starting 1 January 2015. The committee's other Co-Chair is Jocelyn Kelley from the Vancouver-based law firm Blakes. read more...
The firm proudly celebrated in November 2014 the launching of the much-anticipated expansion of their offices with a festive opening party. Read more...
On 5 January 2015, Swissgrid acquired further parts of the Swiss transmission grid, including the transmission grid company of the city of Zurich.
Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), announces that, consistent with the growing demand by our national and international clients for dispute resolution, specifically international litigation services, on 1 December 2014, we continued to boost our Dispute Resolution Practice by welcoming new Head of Group Varvara Knutova.
December 23, 2014, Finance Monthly Deal Maker of the year Awards 2014
GENI & KEBE represented Franco-Nevada, the lender into a US$135 million stream transaction that has allowed Teranga Gold Corporation to enter into definitive share purchase agreements with Bendon International Ltd. ("Bendon") and Badr Investment & Finance Company ("Badr") to acquire the balance of the OJVG that it does not already own and to retire US$30 million of its US$60 million debt facility with Macquarie Bank Limited ("Macquarie").
The transaction won the Finance Monthly Deal Maker of the year Awards 2014
The Finance Monthly Deal Maker Awards have gained a reputation as an industry standard for recognising excellence in corporate finance transactions and acknowledge and reward the individuals and firms involved - the bankers, venture capitalists, lawyers, accountants and professional advisors who initiate, structure and negotiate deals for growing organisations.
It rewards some of the most successful and trusted firms and individuals from across the globe.
‘'We were very happy to be part of this transaction, which was actually a challenging but valuable one. Over the last five years, we have been involved in lot of cross border transactions both in Senegal and in Africa but this is so far, the most challenging one we have worked on, in the mining sector.'' Said Mouhamed Kebe, Managing Partner of GENI & KEBE, when the awards were officially announced. He added, ‘'We are honored to win this award, a testament to the talent and hard work of all those involved in this transaction''
GENI & KEBE team included Mouhamed Kebe, Mouhamed Dieng, Fode Sarr, Boubacar Diakite, Hassane Kone, and Absatou Ndiaye.
GENI & KEBE WELCOMES A NEW AFFILIATE, SOBDIBE ZOUA, CHAD
Dakar- Ndjamena, January 2015
GENI & KEBE is pleased to welcome SOBDIBE ZOUA as newest affiliate office in Chad.
SOBDIBE ZOUA is one of Chad premier business law firms. Managing Partner Sobdibe Zoua is praised for his legal skills, particularly in commercial law, and TMT.
Through this new affiliate, GENI & KEBE will be able to provide legal and professional services to companies and entities already operating in Chad or planning to set up business in this country.
GENI & KEBE is focused on praised technical legal skills, professional conduct, diligence, and commitment to client service. They greatly value the recognitions the firm, practices and lawyers have earned, and continue to earn, from clients, peers, and from highly respected legal and business publications, including Chambers Global, Legal 500, Who's Who Legal, and IFLR 1000.
They have been recognized as ‘'2015 Investment Law Firm of the Year in Senegal'' by Corporate International Magazine, and are winners of the ‘'Finance Monthly Deal Maker Awards 2014 Winners Edition.
"We are delighted to add CHAD amongst the countries we cover in Sub Saharan Africa," says Mouhamed KEBE, GENI & KEBE Managing Partner.
"Since oil fields are discovered on its territory, Chad is a strategic market; and with our affiliate office, we will build on our commitment to serve our clients wherever they do business in Africa."
With a 100-year history and unparalleled depth in Corporate, banking and finance, energy, natural resources, PPP, TMT, dispute resolution and ADR, GENI & KEBE covers 14 African jurisdictions (Benin, Burkina Faso, Cameroon, Chad, Cote d'Ivoire, D. R. Congo, Gabon, Ghana, Guinea Bissau, Guinea, Mali, Mauritania, Niger, Senegal) through its affiliate offices, advising on a full range of legal and professional matters across Africa.
GENI & KEBE
Der von der Triton Beratungsgesellschaft GmbH beratene Triton Fonds und die Schweizer Beteiligungsgesellschaft Capvis haben die Firma Wittur an einen von Bain Capital Europe LLC beratenden Fonds veräußert.
Die von SwanCap Partners GmbH, München beratene SwanCap Investment Management S.A. (Lux) hat im Dezember 2014 den zweiten Private Equity Fonds Swan Opportunities Fund II SCS – SIF (Swan II) erfolgreich mit einem Volumen von EUR 600 Mio. aufgelegt. Swan II erwirbt sowohl ein bestehendes, hoch diversifiziertes Private Equity Portfolio (Fondsbeteiligungen und Co-Investments) von der UniCredit Bank AG und wird gleichzeitig neue Private Equity Beteiligungen eingehen.
In the cash public tender offer by KUKA Aktiengesellschaft, Augsburg, Germany, for the publicly held shares of Swisslog Holding AG, listed on SIX Swiss Exchange and headquartered in Buchs/Aarau, Switzerland, a total of 230'678'047 Swisslog shares were tendered into the offer, corresponding to 91.80% of all shares issued by Swisslog as of 29 September 2014. KUKA consummated the offer on 15 December 2014.
The VEGAS LEX Tax Practice has organized a roundtable discussion of the most important changes in Russia's tax legislation, with Finance Ministry and Federal Tax Service officials attending as special guests
Schoenherr advised Heta Asset Resolution (HETA) on the agreement over the purchase of Hypo Group Alpe Adria, the South-Eastern European (SEE) banking network of the former Hypo Alpe-Adria-Bank International (SEE Network). The US-fund Advent International and the European Bank for Reconstruction and Development (EBRD) signed an agreement on 22 December 2014 to acquire the SEE Network. read more
Der Münchner Partner Dr. Benedikt Hohaus wurde von der Partnerversammlung mit Wirkung zum neuen Jahr zum Mitglied des Management-Boards der Kanzlei gewählt. Hohaus folgt in dieser Position dem Münchner Partner Dr. Matthias Bruse, der im rollierenden Besetzungsverfahren nach dreijähriger Amtszeit aus dem Board ausschied.
Danos & Associates has recently obtained a Court Judgment against a foreign couple who are trespassing onto the land owned by a Greek Cypriot refugee in the occupied northern part of Cyprus. The Court ordered the defendants to demolish any buildings they have erected on the land, surrender the property to the claimant and pay damages for trespass and for the violation of the claimant's human right to property.
Our firm is delighted our client has succeeded in Court and we are pleased that our research, arguments and overall hard work had the anticipated positive result.
On 18 December 2014, Funds advised by Apax Partners announced that they have agreed to sell Orange Communications SA to NJJ Capital, Xavier Niel's private holding company, 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 be completed by the end of the first quarter of 2015.
On December 2014 law firm VEGAS LEX supported by the Managers and Developers Guild held a round table discussion «Developer vs general contractor: disputes between the construction contract parties. Important issues».
In November 2014 Popov & Partners became the first Bulgarian law firm, to become a member of one of the largest international legal networks, and namely - TAGLaw. TAGLaw is an association of more than 145 law firms in more than 80 countries worldwide. With over 9,000 lawyers, TAGLaw provides five continents spanning legal services. Attornies Sibina Eftenova and Angel Buzalov will constitute the relations of Popov & Partners with other members of the network internationally.
Membership in the legal network gives access to each law office to vast amount of resources that will boost the quality and expand the range of services provided in the direction of maximum consideration of the specifics of the local legislation in different countries and cooperation in working on projects with cross-border element. The law firm gains the opportunity to seek advice from foreign partner firms, and thus to provide its clients with the possibility to obtain in short terms legal advice of the highest quality on the local market and legal conditions in the respective country.
Schoenherr, a leading corporate law firm in Central and Eastern Europe, has invited its experienced Corporate/M&A specialist Florian Kusznier into the firm's equity. Kusznier has extensive know-how in advising Austrian and international clients on M&A and private equity transactions, public takeovers, and general corporate law matters. read more
Romania/Austria: Schoenherr advises Volksbank Romania shareholders in planned sale to Banca Transilv
Schoenherr served as lead counsel to the shareholders of Volksbank Romania S.A. ("VBRO") - Österreichische Volksbanken-AG (VBAG), Groupe BPCE, DZ BANK AG and WGZ BANK - on their agreed sale of VBRO to Romania's third-largest bank, Banca Transilvania SA. Signing of the contracts took place on 10 December 2014. read more
Schoenherr served as lead counsel to life sciences group Roche on its acquisition of Dutalys GmbH, a privately held biotechnology company based in Vienna, Austria. Dutalys specializes in the discovery and development of fully human, bi-specific antibodies based on their proprietary DutaMabsTM technology. The bi-specific antibodies developed with this platform are designed to provide novel, best-in-class molecules for several therapeutic areas. read more
Bär & Karrer was elected Switzerland M&A Legal Adviser of the Year at yesterday's annual Mergermarket M&A Awards. Based on a comprehensive analysis of Mergermarket's league tables, the judging panel chose Bär & Karrer from among seven shortlisted Swiss and international law firms that were particularly active in the Swiss M&A market in 2014.
Alexander Lavrentyev, head of the VEGAS LEX Fuel and Energy Group, has spoken at the XI Professional Energy Forum, Generation, Networks and Sales, about default supplier's breach of contract without disruption of supplies
The patent attorneys at Boult Wade Tennant are well known for their expertise and advocacy skills for both contentious and non-contentious matters before the European Patent Office. In November 2014 alone, Boult Wade Tennant attorneys attended over 29 oral proceedings in Munich or The Hague.
For the fourth time, Pepeliaev Group has topped the Pravo.Ru-300 reputational ranking. The firm was awarded the maximum possible points in its category.
Pravo.Ru-300's experts acknowledge the firm as occupying leading positions in areas including Tax Law, Commercial Real Estate and Construction, Natural Resources and Energy, Commercial Arbitration, Bankruptcy and Intellectual Property. In addition, the analysts gave high ratings to the results of the firm's projects in Corporate Law and International Arbitration.
"We appreciate our colleagues' high opinion of our accomplishments and professionalism," commented Sergey Pepeliaev, managing partner of Pepeliaev Group. The 'best reputation in the market' is a very satisfying title, but with it comes great responsibility. From year to year we do work with utmost quality because we understand the level of expertise and services that our clients expect. Successfully solving their business tasks will always remain our main priority."
This is the fourth successive year that Pepeliaev Group has headed the Pravo.Ru-300 ranking and has claimed the 'Best reputation in the market' award. In this category, law firms evaluate one another.
The Pravo.Ru-300 ranking is based on a firm's financial and statistical data, an analysis of the firm's largest and most important projects during the period as well as peer reviews and evaluations by fellow professionals.
Valentina Orlova, Head of the Intellectual Property and Trademarks Practice at Pepeliaev Group, has been named as 'IP Star in Trademarks' - the highest award of the influential international directory Managing Intellectual Property. The title in question is given to IP experts from different countries.
Pepeliaev Group's Intellectual Property and Trademarks Practice was also highly acclaimed in the study by Managing IP.
Mrs Orlova was given the prestigious award for her outstanding results in the area of IP protection. Valentina advises clients in relation to copyright, related rights, patent law, selective breeding achievements, and means of identification (such as trademarks, corporate names, and commercial designations). When giving advice, she focuses in particular on creating security for and protecting know-how, introducing commercial confidentiality regimes, allocating and securing the rights to intellectual property, and means of identification within contractual relationships.
Mrs Orlova played a role in drafting and providing commentaries on Russian legislation regarding trademarks. Before joining Pepeliaev Group, Valentina headed the legal department of Rospatent (the Federal Service for Intellectual Property).
The Managing IP directory was founded in 1990 and it remains one of the key sources of news and analytical information concerning IP protection worldwide.
The VEGAS LEX law firm and First Infrastructure Company InfraONE are performing comprehensive consultancy and support services for the concession grantor at the financial close phase of the project to introduce fees for 12-plus ton vehicles.
VEGAS LEX, InfraONE take part in meeting of Transport Ministry Taskforce on Extending Moscow Air Hub
On November 27, 2014, the Transport Ministry Investment Coordination Council's** Taskforce on Extending the Moscow Air Hub (MAH) Experience to Regional Airports* led by VEGAS LEX Partner Albert Eganyan, chairman of the InfraONE Board of Directors, held its first meeting.