Mayer Brown JSM is acting as lead international counsel to Italian shipbuilder Fincantieri, the world’s largest builder of cruise ships and a major player in the naval industry, on its acquisition of a 50.75 percent stake in Singapore-listed STX OSV. The total value of the transaction, including the acquisition and the mandatory cash offer to be made in compliance with the rules of the Singapore Code on Take-overs and Mergers, will amount to approximately US$1.2 billion (€900 million) (more…)
Allen & Overy today announced the lateral hire of Tran Anh Duc from Vilaf, one of Vietnam’s leading local law firms. Duc’s practice spans over 18 years and is a blend of corporate and banking work, with a focus on large scale power projects and debt and equity capital market issuances. He will co-head the banking and corporate practices alongside Adam Moncrieff (who has recently relocated from Allen and Overy’s Tokyo office) and Dao Nguyen. Duc will also be head of Allen & Overy’s Hanoi branch (more…)
The law of the press varies greatly from country to country.
Orrick and LVN & Associates, a Vietnamese law firm with which Orrick is affiliated, advised JAKS Resources Berhad of Malaysia on a $2.25 billion thermal energy project in Vietnam. The project is one of the most significant infrastructure projects in Vietnam, and reflects the increasing volume intra-regional Asian infrastructure investment (more…)
Shearman & Sterling is representing the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) in its sale of a 15% post-money stake to Mizuho Corporate Bank, Ltd., a wholly owned subsidiary of the Mizuho Financial Group, Inc. (Mizuho), for approximately $567.3 million. Mizuho will subscribe for approximately 347.6 million new ordinary shares of Vietcombank at VND34,000 (US$1.62) per share and will become the sole foreign strategic investor in Vietcombank and largest shareholder in Vietcombank after the government of Vietnam. The transaction is expected to close in the first quarter of 2012 (more…)
Shearman & Sterling represented the borrower and lead sponsor The AES Corporation (AES) in relation to the project financing for the US$1.95 billion 1240 MW coal-fired Mong Duong 2 IPP in northern Vietnam. This will be the first independent power producer (IPP) in Vietnam to reach financial close since Phu My 3 in 2003 (more…)