Dentons Baku has advised KBR, a leading technology, engineering, procurement and construction giant, on a joint venture agreement to establish a new engineering and support services company in Azerbaijan. The agreement was signed on 18 March 2015 with the State Oil Company of Azerbaijan Republic (SOCAR) (more…)
Cadwalader, Wickersham & Taft LLP, a leading law firm to global corporations and financial institutions, has successfully advised Ports Design Limited, a fashion garments manufacturer and retailer listed on the Hong Kong Stock Exchange, in connection with the conditional mandatory general cash offer made by Somerley Capital Limited on behalf of Bluestone Global Holdings Limited to acquire all of the issued shares of Ports Design Limited at a consideration of up to US$119 million (HK$923 million) (more…)
Allen & Overy has advised Bank of America Merrill Lynch and J.P. Morgan as joint bookrunners on Export-Import Bank of India’s inaugural USD500 million Regulation S green bond issue. The transaction marks the first USD-denominated green bond out of India as well as the first benchmark-sized green bond out of Asia in 2015 (more…)
A cross border team from global legal practice Norton Rose Fulbright has advised Emirates on a US$913 million Sukuk, marking a world first for utilising a UK Export Finance (UKEF) backed Sukuk for an aircraft financing, the first time that a Sukuk has been used to pre-fund the acquisition of aircraft and the first ever Sukuk financing for A380 aircraft. The proceeds from the issuance of the Certificates will be used to fund the acquisition of four Airbus A380-800 aircraft, which are expected to be delivered in April, May, June and July 2015. The aircraft will be leased to and operated by Emirates (more…)
Davis Polk is advising Shanda Games Limited (“Shanda Games”) in connection with its going-private acquisition for $3.55 per ordinary share or $7.10 per American Depository Share by a consortium consisting of Ningxia Yilida Capital Investment Limited Partnership, Ningxia Zhongyincashmere International Group Co., Ltd., Orient Hongtai (Hong Kong) Limited, Hao Ding International Limited and their respective affiliates. The transaction is subject to customary closing conditions, including approval by the shareholders of Shanda Games and is expected to close in the second half of 2015 (more…)
Appleby acted as Cayman counsel for ICO Group Limited (ICO Group) in relation to its listing on the Growth Enterprise Market of the Hong Kong Stock Exchange on 18 March, with gross proceeds of approximately HK$100 million. A majority of the proceeds will be used for purchasing new office space and renovating existing offices, as well as for strategic business growth through merger, acquisition or business collaboration.
Herbert Smith Freehills has advised Japanese telecommunications and internet company SoftBank Corp. on its acquisition of a further share of interest in Aldebaran Robotics, a French robotics company which designs, manufactures and sells autonomous humanoid robots (more…)