Arent Fox LLP won a major victory on June 23 for its client, the President of the Republic of Rwanda Paul Kagame, when the US District Court for the Western District of Oklahoma denied a plaintiffs’ motion for default judgment in a wrongful death suit by the widows of the deceased presidents of Burundi and Rwanda, who were killed in an airplane explosion in 1994 (more…)
The Los Angeles Dodgers filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to protect the franchise financially and provide a path that will enable the Club to consummate a media transaction and capitalize the team. Dodger owner Frank McCourt cited Major League Baseball Commissioner Bud Selig’s refusal to approve the Fox transaction as the cause for the Chapter 11 filing (more…)
Global law firm K&L Gates LLP recently advised independent power producer Clean Power Group on the securing of more than $50 million from a strategic investor for the development of a California solar power project. Led by Palo Alto partner Dirk Michels, the transaction includes financing and credit support for the development of an up to 500 megawatt solar development project in Kern County, Calif.
Rapidly growing its Intellectual Property Practice on the West Coast, Dickstein Shapiro LLP is pleased to announce its expansion into Silicon Valley with the arrival of powerhouse IP litigation partners Deborah Fishman, Jeffrey Miller, and Krista Carter, as well as associates Katie Scott, Assad Rajani, and Jessica Hubley. The team represents companies ranging in size from Fortune 500 to start-ups in high-stakes patent litigation involving a wide range of technologies, as well as in patent portfolio management and patent and trademark infringement matters.
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it is advising China Everbright Limited (“China Everbright”), a financial services company whose shares are listed on the Hong Kong Stock Exchange, in the disposal of 51% of the share capital of Everbright Securities (International) Limited to Everbright Securities Company Limited (“Everbright Securities”), a financial services company whose shares are listed on the Shanghai Stock Exchange, for a consideration of approximately US$114 million.
The consideration payable by China Everbright was reached with reference to a range of price-to-earnings (P/E) multiples of the companies selected from among the listed companies in Hong Kong with businesses similar to those of Everbright Securities (International) Limited and the net profit of Everbright Securities (International) Limited for the year ended 31 December 2010.
Following the disposal, China Everbright and Everbright Securities will become joint venture partners, thus allowing China Everbright to make use of the extensive network of Everbright Securities in the PRC to further develop its securities, futures, forex and bullion brokerage services, wealth management services, investment banking and research businesses in Hong Kong.
The Paul Hastings team is being led by partner Vivian Lam with support from associate Ling Ling.
The international law firm Milbank, Tweed, Hadley & McCloy, LLP, led by Global Project Finance partner Allan Marks, represented the institutional lenders in the private placement of approximately $143 million of Pass-Through Certificates for the leveraged lease financing of the Hatchet Ridge Wind Farm, a 101.2 MW-rated wind-powered electricity generation facility located in Shasta County, California. The Hatchet Ridge project, which started commercial operation this month, is the only large-scale wind project to become operational in California in 2010. The Hatchet Ridge wind farm was developed by an indirect, wholly-owned subsidiary of San Francisco-based Pattern Energy Group. Additionally, a separate team at Milbank represented Cr
Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today it has advised Korea East-West Power Co., Ltd. (EWP) in its acquisition of Marubeni Sustainable Energy, Inc., a leading U.S. integrated energy company focused on renewable energy production, based in San Diego, California
Sheppard, Mullin, Richter & Hampton LLP has landed a group of Labor and Employment partners from Seyfarth Shaw. Amongst the group is Thomas R. Kaufman, co-chair of Seyfarth’s national wage/hour class action practice. Joining him are Michael L. Gallion and Gregg A. Fisch. All three join Sheppard’s Los Angeles office.
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