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Stamford Law advised Jurong Consultants Pte Ltd, a party in the Banyan Caverns Storage Services Pte Ltd (BCSS) consortium, in a successful joint venture bid to operate the Jurong Rock Caverns. The operatorship of South East Asia's first subterranean hydrocarbon storage facility will be for a period of 15 years and has a contractual value of about S$200 million.
The Stamford Law team was led by Kelvin AW.
Attorney and Partner Søren Stenderup Jensen has written an article about the Danish Government's new resource strategy "Denmark without waste" in the recent edition of ILO's newsletter on environmental law.
Stamford Law successfully appealed in the Singapore Court of Appeal against a High Court judgment which held the main contractor solely liable in negligence for the collapse of a crane into a concealed manhole at a worksite in 2010, with the Court of Appeal apportioning 40% of liability in negligence to the subcontractor. The Court of Appeal's judgment clarified important issues of law pertaining to the legal responsibility for worksite safety, the relationship between the statutory framework of the Work Safety and Health Act (Cap 354A) and common law duties, and the applicable standard of care.
The Stamford Law team comprised Lynette CHEW and Gadriel TAN.
Stamford Law advised Tuaspring Pte. Ltd. (a wholly-owned subsidiary of Hyflux Ltd) in the S$720 million 18-year term loan facility to fund the development of Singapore's second and largest reverse osmosis desalination plant and integrated on-site power generation plant.
Stamford Law advised Kim Heng Offshore & Marine Holdings Limited on its initial public offering and listing on the Catalist board of the SGX-ST. Based in Singapore, Kim Heng is an established integrated offshore and marine value chain services provider for the oil & gas industry. Based on the invitation price of S$0.25, Kim Heng is valued at S$177.5 million post-offering.
YAP Wai Ming, director, led the transaction team.
Stamford Law acted as Singapore counsel to Bain Capital Partners LLC in its US$501 million offer to buy all shares of Macromill Inc., a Japanese online market research company listed on the Tokyo Stock Exchange which has Yahoo Japan Corporation as its biggest shareholder. Under the terms of the offer, Bain Capital will buy up to 65.4 million shares at 786 yen per Macromill share. Bain Capital is a private investment firm based in Boston, USA with more than US$70 billion in assets. Ropes & Gray (Tokyo) and Mori Hamada & Matsumoto are advising Bain Capital and TMI Associates is advising Macromill.
The Stamford Law team is led by director, LEAN Min-tze and associate director, GOH Hui Lin.
As part of Stamford Law's corporate responsibility initiatives, lawyers are encouraged to take on pro bono legal representations on a case-by-case basis.
Stamford Law is pleased to announce that our market-leading corporate practice has been ranked 2nd amongst Singapore firms by Mergermarket for M&A activity by value within Q1-Q4 2013 in the Southeast Asia region. The firm's practice has a sizeable lead of $1.81 billion over the next Singapore firm on the league table.
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Stamford Law is advising AVIC International Kairong Limited on the share acquisition and the implementation of a general offer for 39,762,858 shares of KHD Humboldt Wedag International AG which are listed on the regulated market of the Frankfurt Stock Exchange. The offer values KHD at over EUR 320 million.
Stamford Law represented the Rickmers Trust Management Pte. Ltd., Trustee-Manager of Mainboard-listed Rickmers Maritime (a business trust), in the establishment of its S$300 million multicurrency medium term note programme. DBS Bank Ltd. and The Hongkong and Shanghai Banking Corporation acted as joint arrangers and dealers of the programme.
The team was led by Director, Mr. LIM Sin Teck.
Stamford Law is pleased to announce that our senior director, LEE Suet-Fern has just been named the "Best in Mergers and Acquisitions and Private Equity" at the Euromoney Asia Women in Business Law Awards 2013. The ceremony took place at the end of November at the Conrad Hotel Hong Kong with Stella Lau, chairperson from the Hong Kong government organisation, The Women's Commission, addressing the audience with the keynote speech.
Stamford Law is advising Dubai Multi Commodities Centre-based Ammalay Commoditiess JLT (Ammalay), in its S$570 million reverse take-over (RTO) of SGX-listed GEMS TV Holdings Limited (GEMS), which will be effected by way of a slump sale of Ammalay's agricultural commodities trading business to GEMS - an unprecedented RTO structure in corporate Singapore.
Stamford Law advised People's Food Holdings Limited, a company listed on the Main Board of the SGX-ST, on the voluntary conditional cash and/or securities offer by New Oceana Limited for all the issued and paid-up ordinary shares in People's Food Holdings. Based on the offer price of S$1.20 per share, the offer values the target group at S$1.37 billion.
Director Bernard LUI led the Stamford Law deal team.
We are pleased to announce that Adrian TAN has joined our dispute resolution team as a director. Adrian, who joins from Drew & Napier, is a highly regarded and tenacious litigator, who will further boost Stamford Law's litigation capabilities. A number of his cases are found in the media and the official law reports. They range from minority shareholder oppression, class actions, professional negligence, defamation to trust and real estate disputes.
Stamford Law advising Asian Micro Holdings Limited, in its S$210 million acquisition of Oxley Global
Stamford Law is advising Asian Micro Holdings Limited (AMHL) in respect of its acquisition of the entire issued and paid-up share capital of Oxley Global Limited for an aggregate consideration of S$210 million, which shall be satisfied by way of issuance and allotment of 1,050,000,000 new ordinary shares at an issue price of S$0.20 per share in AMHL to the shareholders of Oxley. The transaction, when completed, will result in a change in control of AMHL and will constitute a reverse takeover of AMHL.
Leading the Stamford Law deal team are directors YAP Lian Seng and Elizabeth KONG.
Stamford Law is advising PricewaterhouseCoopers Corporate Finance Pte Ltd in its role as independent financial adviser to the Board of China Minzhong Food Corporation Limited in the S$488 million mandatory cash offer by PT Indofood Sukses Makmur TBK. China Minzhong is listed on the Mainboard of the SGX-ST and is a vegetable processor headquartered in China. Indofood is listed on the Indonesia Stock Exchange and is one of the world's largest instant noodle makers.
The team is led by director LEAN Min-tze and associate director GOH Hui Lin.
Stamford Law is acting as Singapore counsel to SGX-ST and HKSE-listed Sound Global Ltd. in respect of the proposed exit offer by CIMB, for and on behalf of Sound (HK) Limited, in connection with the proposed voluntary delisting of Sound Global Ltd. from the SGX-ST. Based on the offer price of S$0.70 per share, the Group is valued at approximately S$1.07 billion. The Group is engaged in providing turnkey water and wastewater treatment solutions, management of water treatment plants and investments in build, operate and transfer projects, mainly in the PRC.
Directors Bernard LUI and LIM Swee Yong are leading the Stamford Law team.
The term "globalisation" is associated with expansion and the free movement of capital and resources. Funds raised in Country A can be invested in a variety of different countries for better returns. In times of economic expansion, it can be unfashionable to consider insolvency issues. This may explain why insolvency practitioners find themselves holding many discussions among themselves.
Global Arbitration Review (GAR), a publication launched in 2006 and which is currently "recognised as the leading resource on international arbitration news and community intelligence", has recently revealed its lists of winners at a ceremony held in Paris on February 12th.
The Studio Legale Villata, Degli Esposti, Perfetti e Associati is anticipating next month's release of the latest monograph on public contracts entitled "I contratti pubblici di lavori, servizi e forniture" ("Public Contracts regarding Work, Services and Supplies") compiled and edited by professor Riccardo Villata together with professors Mario Bertolissi, Vittorio Domenichelli and Giovanni Sala. The editors and authors are all notable university lecturers, magistrates and lawyers particularly experienced in the sector of public contracts. While this volume covers all aspects of public contracts, it does so without following the conventional formula of other commentaries on the Code of Public Contracts. Indeed, this volume, which systematically encompasses every aspect of this subject in light of the recent developments in legislation, jurisprudence and of the most knowledgeable scholarship, is a comprehensive work in its own right.
HSA Advocates advised the management of Itochu Textile Materials (Asia) Limited (Itochu Asia), a wholly owned subsidiary of Itochu Corporation, Japan, on their strategic exit from Patspin India Limited (Patspin). Patspin is currently listed on both the BSE and NSE. Incorporated in 1991, Patspin India was promoted by GTN Textiles under the leadership of B K Patodia as its chairman and Umang Patodia as its managing director. Patspin India set up a 100% EOU to manufacture medium and fine counts, combed or gassed yarn, with financial assistance from Itochu Corporation, Japan, and Kerala State Industrial Development Corporation.
The Lawyer magazine has revealed the winners of The Lawyer European Awards 2014 at a ceremony held in London on February 20th. The list has also just been made public on www.thelawyer.com and includes Ţuca Zbârcea & Asociaţii as a winner of the "Law Firm of the Year: Romania" award.
Stefanie Stegbauer has been promoted to counsel at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of the start of February 2014. Stegbauer specializes in Austrian and European competition law and represents clients in antitrust and Phase 1 and Phase 2 merger control proceedings before both the Austrian Competition Authority and the country's Cartel Court, as well as before the European Commission and the European Court of Justice. read more...
Lidings is pleased to announce the appointment of Sergey Patrakeev as a partner in the Corporate and M&A practice. Sergey, a counsel at Lidings until recently, will continue to strengthen the firm's pharmaceutical industry group and will co-chair the corporate and real estate practices.
Lidings is pleased to announce the promotion of two senior associates to the position of counsels at the firm's Moscow office. Following the results of the annual performance review Sergey Kislov has been appointed as counsel in the dispute resolution practice and Vadim Konyushkevich has been appointed as counsel in the corporate and M&A practice. Both promotions will significantly boost the firm's leading practice groups and enhance its offering to key international clients.
The international conference Pharmaceutical Business in Russia 2014: Growth Factors, an annual event organized with the support of the VEGAS LEX law firm, took place in Moscow on February 17 and 18.
TenneT and the Danish infrastructure investor Copenhagen Infrastructure Partners (CIP) have reached an agreement on a co-investment of CIP in the offshore grid connection system DolWin3. The total investment volume of the 900 MW DC grid connection system DolWin3 (spanning over some 162 km, 83 km of which are offshore) amounts to approximately €1.9bn. CIP will contribute approximately €384m. The CIP investment is funded by the Danish pension fund PensionDanmark. Completion of DolWin3 is expected for 2017.
A recent case heard before the Royal Court in Guernsey has provided clear guidance on the application of the principle of modified universalism to insolvency matters in Guernsey.
Allianz SE successfully placed CHF 500 million 3.25 per cent Undated Subordinated Resettable Fixed Rate Notes. The Notes have no final maturity date. The terms and conditions of the Notes provide for optional or mandatory deferral of coupon payments in certain circumstances. Deutsche Bank, UBS Investment Bank and Zürcher Kantonalbank acted as Joint Lead Managers.
NXMH, a Belgian investment company held by NXC South Korea, has acquired Stokke AS from the owner family. Stokke is a leading provider of premium children furniture and products based in Norway.
Belgrade Arbitration Center (BAC) commenced its work on January 1, 2014. BAC offers dispute resolution services for commercial disputes. It administers both domestic and international arbitrations. BAC has been established by the Serbian Arbitration Association.
The Moscow Region Chamber of Attorneys has begun 2014 by honouring various Pepeliaev Group lawyers, awarding them the prestigious Federal Chamber of Lawyers' medals ‘For services in defending citizens' rights and freedoms' (2nd level).
Senior partner Ivan Khamenushko and head of tax practice group Andrey Duyunov have been rewarded for their work in defending the constitutional rights and freedoms of citizens. Moreover, the panel noted the substantial contribution of head of information and analytics Vadim Zaripov in developing both the academic and practical strands of tax law. Senior associate Konstantin Sasov received his award for developing tax, customs, administrative and constitutional law in both an academic and a practical sense.
The panel also praised the contribution of Pepeliaev Group's lawyers in educating young attorneys.
"It is pleasing to know that Moscow Region Chamber of Attorneys has recognised the contribution our lawyers have made to the development of Russian law," said Sergey Pepeliaev, the managing partner of the firm. "Educating young lawyers is one of Pepeliaev Group's overriding objectives, because in this way we contribute to the common cause, instilling high standards of professional ethics in the specialists of tomorrow."
Lidings, a leading legal counsel to foreign businesses in Russia, continues to expand aviation practice by adding key international air carriers to its client list. The firm has recently been chosen by United Arab Emirates company Flydubai as its official legal advisor on Russian law matters.
Lidings advised on the acquisition of Baxter's Continuous Renal Replacement Therapy Business by Nikk
Nikkiso America, Inc. announced it has completed the acquisition of Baxter International Inc.'s legacy Continuous Renal Replacement Therapy (CRRT) business. The deal involved several dozen jurisdictions. Lidings was engaged to support the transaction in Russia.
On February 7, 2014, the VEGAS LEX law firm held a roundtable, Information: To protect the most precious, in Moscow.
Albert Eganyan, VEGAS LEX Partner and Chairman of the Board of Partners, will speak at the 11th Economic Forum in Krasnoyarsk. He will also moderate a series of key roundtable discussions during the event, which is to take place between February 27 and March 1.
Hassans International Law Firm was awarded Leading Law Firm of the Year - Gibraltar at the CityWealth International Financial Centre Awards held on 23rd January 2013 in London. Line Group, Hassans associated fiduciary arm, also received Runner Up in the Trust Company of the Year - Gibraltar category.
The awards, which are now in their third year, highlight the excellence of the advisors and managers in the private wealth sector in the major international financial centres. Cecilia Bravo collected the award on behalf of Hassans with the evening being hosted by Rory Bremner (see image).
By 1 January 2014, any measure taken by the police within the pre-trial investigative phase of criminal proceedings which violates subjective rights of the affected person underlies the scrutiny of a judge at the regional criminal court. read more...
Wolfgang Tichy has been promoted to partner at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of February 2014. A specialist in real estate and IT law, Tichy has been a member of Schoenherr's Real Estate practice since joining the firm in 2005. In the sphere of real estate law, he focuses on contractual matters, construction contracts, claim management and litigation. IT law is a further central focus of his practice.
Sayenko Kharenko acted as legal counsel to Nutreco International B.V. (the Netherlands) on M&A deal in the animal feed market and establishment of a joint venture in Ukraine. As a result of the completed transaction, Nutreco International B.V. has indirectly acquired a stake in Dutch Feed LLC, a Ukrainian company with a large sales and distribution network throughout Ukraine.
Sayenko Kharenko acted as legal counsel to JSC VTB Bank (Russian Federation) on the USD 40 million export loan facility to the State Enterprise "National Nuclear Energy Generating Company "Energoatom" ("Energoatom"), the operator of all running nuclear power plants in Ukraine.Sayenko Kharenko acted as legal counsel to JSC VTB Bank (Russian Federation) on the USD 40 million export loan facility to the State Enterprise "National Nuclear Energy Generating Company "Energoatom" ("Energoatom"), the operator of all running nuclear power plants in Ukraine.
aleo solar AG today entered into an agreement to sell significant parts of the aleo solar Group's operating business, including the production sites in Prenzlau and the trademark "aleo", to SCP Solar GmbH, Hamburg.
SCP Solar GmbH is the acquiring company in a consortium comprising the Taiwanese Sunrise Global Solar Energy Co. Ltd., Pan Asia Solar Ltd. and the Japanese CHOSHU Industry Co. Ltd. Robert Bosch GmbH holds a 90.7 % stake in aleo solar AG.
The closing of the purchase agreement is subject, among others, to the conditions precedent of the approval of the antitrust authorities and the approval of the annual general meeting of aleo Solar AG. Bosch GmbH will provide financial support to aleo solar AG within the framework of this transaction and to the dissolution of the remainig business not involved in this transaction.
Affiliates of Blackstone Real Estate Partners Europe IV and Blackstone Real Estate Partners VII acquired four office buildings in the city-center of Düsseldorf from Portigon AG, the legal successor of WestLB.
Blackstone ist one of the world's leading investment and advisory firms. Its alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganisation advisory and fund placement services.
The German companies of A.T.U Auto-Teile-Unger, the market leader in German car repair services, have undergone a financial restructuring with senior bondholders converting most of the debt into group equity and further providing a fresh money investment in excess of €100m. The new capital structure provides for a haircut of more than €600m and a reduction of the interest burden by more than 90 %.
Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), is expanding its EU and Competition practice with a reinforced and newly-staffed office in Brussels. Volker Weiss, a partner in Schoenherr's competition practice, will head the Belgium office. Volker Weiss has relocated from Vienna to Brussels, where he leads a team of EU & Competition law specialists from Schoenherr's CEE offices. read more...
Pepeliaev Group advises United Financial Group Asset Management on its purchase of a majority interest in Obolenskoye Pharmaceutics
The lawyers of Pepeliaev Group's corporate practice advised United Financial Group Asset Management on its purchase of a 80.55% majority interest in Obolenskoye Pharmaceutics CJSC, a leading Russian pharmaceuticals producer. This transaction resulted in the largest pharmaceuticals holding being established in Russia. The transaction to acquire the enterprise was closed at the end of September.
6 February 2014 - Drew & Napier LLC has welcomed back construction and engineering specialist Lee-Chau-Ee. Lee Chau Ee. He re-joins us from the Dubai office of US law firm, Reed Smith, where he founded and headed up its Middle East Construction and Engineering practice. He was later appointed Reed Smith's Dubai office managing partner and a member of their global leadership team.
The international publication World Trademark Review has ranked Anand and Anand among the top trademark law firms in the world for a fourth consecutive year.
Anand and Anand Receives Top Rankings by Managing IP's 2014 World Patent Survey 2014; Tier-1 in Patent Prosecution and Patent Contentious"
On 31 January 2014 OC Oerlikon has announced the execution of an agreement with Sulzer to buy the Sulzer Metco Division at an enterprise value of CHF 1.0 billion. The completion of the transaction is conditional upon merger approvals in several countries.