Press releases and law firm thought leadership
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On April 19, 2010, Siegfried Holding Ltd, a leading international supplier and services provider to the pharmaceutical industry, launched its previously an-nounced CHF 80m 5 % Mandatory Convertible Notes due 2011 (MCN), allocat-ing advance subscription rights to its existing shareholders. Bank Vontobel AG is acting as Lead Manager with no underwriting commitment. Certain investors in-cluding Rainer-Marc Frey, SE Swiss Equities and Thomas Schmidheiny have provided certain backstop underwriting commitments and | or as of April 15, 2010 have acquired the 32 % stake in the company previously held by Camellia plc.
22 March 2010. Kyiv. Integrites International law firm acts as attorney in a dispute settlement for BLOOMBERG Professional, one of the world leaders in the field of information supply to key-players of the financial markets.
Interview with FLORIAN NITU, Managing Partner of Popovici Nitu & Asociatii.
Danescu & Asociatii merged into Popovici Nitu & Asociatii to help create one of the strongest litigation practices in Romania.
POPOVICI NIŢU & ASOCIAŢII has announced today the appointment of two new partners - Ciprian Donţu and Alexandru Ambrozie.
On April 13, 2010, Munich Re announced that it reduced its stake in Helvetia Holding AG, the St. Gallen (Switzerland) based insurance company, from 8.16% to below 3%.
On April 8, 2010, UBS closed its fourth issuance under its Covered Bond Pro-gramme established in September 2009. EUR 1.25 bn of Covered Bonds with a 12 years maturity were issued by UBS AG, London Branch and are guaranteed by UBS Hypotheken AG. The Covered Bonds issued under the Programme are indirectly backed by a portfolio of mortgages from UBS AG's domestic mortgage pool.
April 2010. The two biopharmaceutical companies Horizon Therapeutics Inc., IL, USA, and Nitec Pharma AG, Reinach, Switzerland, announced their combination in an all-share transaction. The combined company also completed a concurrent preferred stock financing in conjunction with the transaction. The combined company will be named Horizon Pharma, Inc., and will be led by Timothy P. Walbert, previously president and chief executive of Horizon Therapeutics.
9 April 2010 - International offshore law firm Harney Westwood & Riegels has formally introduced its new Cyprus office, the latest addition to the firm’s growing international network.
We are pleased to announce that Ogier has been nominated as a finalist for the award category Offshore Law Firm of the Year 2010 by ALB China.
Ogier is delighted to announce the appointment of Zac Lucas as a Partner in the firm's BVI office.
Bär & Karrer is pleased to announce that associate Markus Schott has been appointed senior lecturer (Privatdozent) of public law and european law at the University of Zurich.
XO Holding AG which is held by the real estate entrepreneur Remo Stoffel announced the acquisition of the general contractor company Bauengineering and the project development firm Swissbuilding in St. Gall from its previous owner Peter Mettler. By acquiring these firms Remo Stoffel will form an integral real estate group in Switzerland comprising the newly acquired firms, as well as Avireal AG and Winsto AG. The group will be active in general contracting and total contracting, facility management and investments in real estate.
Intertek Group plc has acquired a business unit of CIBA AG, Ciba Expert Services, and the companies Cantox Health Sciences Inc. and Cantox U.S. Inc. from BASF SE by way of a share and asset deal. Intertek Group plc offers a wide range of quality and safety services and employs more than 25'000 people in 1'000 locations in over 100 countries. Through this transaction, Intertek Group plc is strengthening its position in the mentioned sectors.
The Japanese paper group Oji Paper announced the sale of the global imaging manufacturer, Ilford Imaging Switzerland GmbH, to the British financial investor Paradigm Global Partners. Recognising the assets that llford has to offer, including its capability for developing leading edge technology, its state of the art manufacturing facility and its world-renowned brand, Paradigm believes there is scope for significant future growth and value creation.
In Switzerland's most prominent restructuring deal, OC Oerlikon Corporation announced on 1 April 2010 that it has reached agreement with its largest shareholder Renova (holding a 45% equity stake) and the lenders of the CHF 2.5 billion syndicated loan facilities on a comprehensive financial restructuring of Oerlikon. The agreed restructuring package, which includes a CHF 1000 million rights offering, will be implemented in the first half of 2010. Renova has agreed to inject CHF 450m in the share capital increase, while the group's lenders will waive some of the debt, enter into a new facility agreement, and swap debt for equity as part of the restructuring plan.
The internet payment service provider ClickandBuy, one of the leading payment services in the internet, has become a wholly-owned subsidiary of Deutsche Telekom AG. Deutsche Telekom held, via its venture capital arm, a minority participation in ClickandBuy since 2006. Deutsche Telekom AG has now acquired all outstanding shares in the internet payment service provider ClickandBuy. The share purchase agreement was signed on 23 March 2010 and the transaction was closed on 1 April 2010.
Dufry South America Ltd., a Bermudan company listed on the Luxembourg Stock Exchange and on Bolsa de Valores, Mercadorias & Futuros de São Paulo (BM&FBOVESPA) and majority-owned by Dufry AG, listed on the SIX Swiss Exchange, merged and amalgamated with and into Dufry Holdings & Investments AG, a wholly-owned Swiss subsidiary of Dufry AG, in a cross-border triangular merger under Swiss and Bermudan law. As a merger consideration, the former minority shareholders of Dufry South America Ltd. have received shares of Dufry AG. The deal value amounts to approximately CHF 795 million.
The solar module manufacturer First Solar and the German project developer juwi have sold the world's third largest photovoltaic power plant (output: 53 MWp) in Turnow-Preilack (Brandenburg) that both had previously constructed as part of a joint venture.
Diagnostica Stago, the French-based manufacturer and distributor of medical diagnostic products, has reached an agreement with the Irish company Trinity Biotech on the acquisition of its coagulation business.
The High Court has held that a man held in immigration detention for 40 months was unlawful detained.
2010 Index on Censorship Freedom of Expression Award Recipients Announced
Sahlgrenska Science Park has completed a VC-investment in Observe Medical together with its initial founders as well as Danish investors SEED Capital. Advokatfirman Delphi has been lead counsel through Olof Myhrman, responsible partner and Kristina Nilsson, associate.
Kyiv, 29 January 2010 –Avellum Partners acted as a legal advisor to the shareholders of Vik Oil Group on the sale of the Group’s shares in favor of Russian-British company “TNK-BP”. The parties entered into respective agreement at the end of December 2009, while the closing of the transaction is planned for the 1st quarter of 2010.
Kyiv, 7 April 2010 –Avellum Partners acted as legal advisors to the real estate development investor in connection with the acquisition of the 50% + 1 share in Sky Mall, one of the largest shopping and entertainment centers in Kyiv.
A new initiative has come into force aimed at enabling businesses to attract the best global talent to the UK. Developed and operated by GTI Recruiting Solutions, on advice from Penningtons Solicitors LLP's immigration team, the scheme is backed by the Department for Business Innovation and Skills and regulated by the UK Border Agency.
Ben Robins and Sophie Travis advised Aerium in relation to the acquisition of an office block in Hardman Street, Spinningfields, Manchester, for £183.5 million.
Homburger has followed last years' success at the IFLR Awards by winning three trophies at the IFLR Awards ceremonies 2010.
Wistrand har rekryterat advokat Lars Gahnström till Göteborgskontorets fastighetsgrupp. Lars kommer närmast från Mannheimer Swartling där han arbetat med fastighetsjuridik innefattande transaktioner, projekt, hyresfrågor och fastighetsbildning i fem år.
Setterwalls is strengthening its position in environmental law in its recruitment of Anders Linnerborg, one of Sweden's leading lawyers in the field and two associates. These new hires reflect the increased importance of the environmental dimension in an ever-growing number of areas in the business world.
Setterwalls has acted as legal advisor to Ramirent AB, the Swedish wholly-owned subsidiary of Ramirent Plc, in the acquisition of the rental equipment company Hyrmaskiner i Gävle AB, including its subsidiaries Hyrmaskiner i Mora AB and Hyrmaskiner i Falun AB, operating in Gävleborg and Dalarna under the brand Tidermans Hyrmaskiner. The company's sales amounted to about 7 EUR million annually. The acquisition strengthens Ramirent's presence in the middle of Sweden.
Setterwalls has advised Arise Windpower AB (publ) in connection with the listing on the Nasdaq OMX Stockholm. Arise is the first Swedish listing on the main OMX list since the start of the financial crisis. In connection with the listing an oversubscribed issue of approximately MSEK 550 is made, exclusive of the over-allotment option. The market value at the listing a total market value SEK 1.75 billion. Several well-reputed institutional investors are among the owners, e.g. Nordea and Third Swedish National Pension Fund.
Advokat Johan Nordenfalk biträdde styrelsen i Rörvik Timber AB, noterat på Nasdaq OMX Stockholm, i samband med upprättande av prospekt med anledning av bolagets företrädesemission om 250 Mkr.
The pharmaceutical company Medivir AB (publ) on 29 March 2010 announced a rights offering of approximately MSEK 300.
Sandra Kristensen is a new lawyer at Gärde Wesslau, Borås.
Hammarskiöld & Co advisor to Landic Property VI AB in its appr. SEK 2.3 billion divestment of a Swedish real estate portfolio to Hemfosa
bpv GRIGORESCU represents EvoBus and BRD Sogelease in successfully overturning a decision by the National Council for Solving Complaints on Timisoara bus tender.
The Chambers Global directory for 2010, has acknowledged Carey Olsen's expertise through the recognition of its people. It praised Carey Olsen’s “focus on the Channel Islands” and the strength in depth across the firm’s offices in Jersey, Guernsey and London.
A major training event which was hosted by Carey Olsen on the duties of directors attracted over 200 delegates to St James on Tuesday 20 April.
The partners meeting of the Firm, held in Rome on March 27, 2010, has appointed Massimiliano Nitti and Silvio Martuccelli as new equity partners, effective as of 1 January 2010.
On March 30, 2010, the management and supervisory boards of Fresenius SE resolved to propose at its annual general meeting on May 12, 2010 the conversion of all preference shares into ordinary shares in combination with a change of the company's legal form into a partnership limited by shares - Kommanditgesellschaft auf Aktien (KGaA).
Hengeler Mueller was counsel to Merck KGaA on the issue of EUR 3.2 billion bearer bonds (in three tranches).
ATS Automation Tooling Systems, Inc., a listed company on the stock exchange in Toronto, Canada, which has global operations predominantly in the fields of automation systems and solar technology and manufacturing facilities in North America, Asia and Europe, has concluded an agreement on acquiring the Sortimat Group based in Winnenden, Baden-Wuerttemberg (Germany).
Volkswagen Aktiengesellschaft is using authorised capital to issue up to 65 million new preferred shares against cash contributions and by granting indirect subscription rights for holders of ordinary and preferred shares.
Hengeler Mueller makes available, and gives legal advice to, trustee for the completion of the acquisition by Deutsche Bank of the Sal. Oppenheim Group
Guernsey’s Liberation Generation has been presented with free tickets to a performance by opera star Katherine Jenkins at a special reception at Les Cotils on Tuesday 30th March.
CHEVALIER & SCIALES is pleased to announce the opening of a new representative office in Dubai upon obtaining on 4th February 2010 the license to provide legal consultancy services. This office led by Charles Khoury exclusively renders legal advice on Luxembourg laws and mainly focuses on investment management and fund practice. Charles Khoury, a fully qualified lawyer whose native language is Arabic, has an in-depth knowledge and an extensive experience in financial markets and products and a strong understanding of the local cultural needs and customs.
In the framework of the project implementation Integrites provided legal support to MEHIB in the trade finance and export credit insurance deal at amount of USD 22 mln. The project was completed in the interest of the Hungarian pool of pharmaceutical exporters in connection with post-export finance instruments.
Mannheimer Swartling has advised the Ford Motor Company on the sale of Volvo and its assets to Zhejiang Geely Holding Group for USD 1.8 billion.
B&K received top rankings in the Universum Professionals survey, which was conducted by Universum Finland in October and November 2009. The survey investigated which companies are considered ideal employers by their professionals. Employee career goals and the drivers for employer attractiveness were also researched.