Clifford Chance has advised Emirates NBD P.J.S.C. (“ENBD“) in relation to its invitation to holders of two tranches of its existing lower Tier II U.S.$500,000,000 Subordinated Step-up Floating Rate Notes due 2016 (the “Existing Notes“) to offer to exchange such Existing Notes for U.S.$ Denominated Floating Rate Notes due 2018 (the “New Notes“) issued by ENBD (the “Exchange Offer“) (more…)
Clifford Chance has advised Mannai Corporation QSC, one of the largest industrial and trading companies listed on the Qatar Exchange, on its acquisition of a 35% stake in Axiom Limited, the UAE-based, pan-GCC mobile handset retailer and distributor (more…)
Clifford Chance recently advised HSBC Bank Middle East Limited (HBME) in connection with updating its US$5 billion sukuk issuance programme and a US$500,000,000 issuance under the Programme. The trust certificates for the issuance, which are due in 2016, yield a profit rate of 3.575% per annum payable on a semi-annual basis (more…)
Mayer Brown, a leading global law firm, announced today that it will extend its geographic presence in Asia by opening an office of Mayer Brown JSM, its Asian practice, in Singapore. The new office will focus initially on four primary areas of legal practice: asset finance, project finance, energy and international arbitration (more…)
Davis Polk advised Prada S.p.A. in connection with its HK$16.7 billion (US$2.15 billion) initial public offering of ordinary shares. The global offering consisted of a public offering in Hong Kong and an international offering in reliance on Rule 144A and Regulation S (more…)
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced that it has advised Energy Development Corporation (“EDC”), the Philippines’ largest producer of geothermal energy, in its US$175 million transferable syndicated term loan facility provided by Australia and New Zealand Banking Group Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Chinatrust Commercial Bank, ING Bank N.V., Manila Branch, Maybank Group, Mizuho Corporate Bank, Ltd. and Standard Chartered Bank (more…)
Davis Polk is advising Baidu, Inc. in connection with its US$306 million majority investment in Qunar. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2011 (more…)
Davis Polk is advising Morgan Stanley Infrastructure (MSI) on its investment of up to US$200 million in a new joint venture with Isolux Corsán Concesiones (Isolux Corsán), which is currently constructing three highway projects in India under long-term concession agreements awarded by the National Highways Authority of India (more…)
Hogan Lovells has advised TNT Express Worldwide CIS LLC, a Russian entity of TNT Express, on the long-term lease of a whole office building in Moscow. TNT is one of the world’s leading business-to-business express delivery services providers (more…)
Davis Polk is advising Abax Global Capital in connection with a going-private transaction which will result in Nasdaq-listed Harbin Electric, Inc. being taken private by Tech Full Electric Company Limited, an acquisition vehicle that will be owned by the chairman and CEO of Harbin Electric, Mr. Tianfu Yang, certain other members of Harbin Electric’s management and Abax Global Capital (more…)
