|Baker and McKenzie have advised Australian Drilling Solutions on the acquisition of two new companies. The acquisition of 100 percent of the shares of Colby Corp, and the acquisition of the business and assets of Peak Drilling. Bryan Paisley, partner, led the firm’s banking and finance team in the transaction.
Clifford Chance partner Geraint Hughes led the team advising Thailand’s Electricity Generating Public Co Ltd on its purchase of a 23.4 percent equity interest in the Quezon Power Project in the Philippines.
Habib Al Mulla & Co acted on behalf of Takaful House PJSC of Dubai in connection with its IPO and Dubai Financial Market listing for a total of AED100 million. Takaful transactions, Shariah-compliant Islamic Insurance, represent an industry in which world-wide contributions are expected to exceed AED25 billion by 2010. Partner Mazen Boustany led the transaction.
Herbert Smith has advised Friends Provident plc on the acquisition of a 30 percent stake in AmLife Insurance Berhad for £30 million. Singapore corporate partner Veronica O’Shea led the transaction.
Kim & Chang acted as Korean legal counsel to Asset Securitisation Specialty Co Ltd in its successfully issued asset backed securities in the amount of ₩350 billion. Partner YH Kim led the firm’s advisory team on the transaction, which was structured as a domestic securitization transaction of credit card receivables.
Nishith Desai Associates acted as Indian counsel for BlackRock Inc in its acquisition of DSP Merrill Lynch Ltd’s 40 percent stake in DSP Merrill Lynch Fund Managers Ltd through its subsidiary, BlackRock Singapore Pte Ltd,
Paul, Hastings, Janofsky & Walker has advised Energy Development Corp on its US$80 million working capital facility with International Finance Corp. Patricia Tan Openshaw led the firm’s advisory team on the transaction.
Skadden has advised NASDAQ listed IAC/InterActive Corp on the US$493 million sale of its 30 percent interest in Jupiter Shop Channel to affiliates of Sumitomo Corp. Nobuhisa Ishizuka led the team advising the company.
Yulchon represented Lotte Shopping Co Ltd and its affiliates in their acquisition of 100 percent of the issued and outstanding shares of PT Makro Indonesia. The sellers were SHV Interholding AG, a Swiss company, and three other minor shareholders. Partner Hee Woong Yoon was lead advisor on the transaction.
Indonesian government imposes VAT on imported digital goods and services
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Further changes to civil litigation in the UAE
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