Deals – 22 May 2008

Allen & Overy LLP has advised BNY Corporate Trustee Services Ltd as the delegate of the trustee on the issue by National Central Cooling Company (Tabreed) of the first ever Sharia compliant mandatory exchangeable sukuk issue.

Azmi & Associates advised Malaysia Deepwater Floating Terminal (Kikeh) Ltd as Malaysian counsel on the drawdown of final advance in respect to a facility of up to US$415 million granted by a syndicated international banks to Malaysia Deepwater Floating Terminal (Kikeh) Ltd.

Azmi & Associates has acted as Malaysian counsel for HVB Australia Pty Ltd for a Senior Loan Facility of US$80 million, working capital facility of US$15 million and Mezzanine Facility of US$10 million to be made by HVB Australia Pty Ltd to Lynas Malaysia Sdn Bhd and MT Weld Mining Pty Ltd for its ‘rare earth’ project in Australia and processing facility in Kuantan, Pahang, Malaysia.

Kirkland & Ellis International LLP was lead counsel to Advantage Partners, LLP, an Asia-based private equity firm, in connection with its agreement to acquire 100 percent of GST AutoLeather, Inc from SILLC Holdings, LLC. The transaction value is undisclosed.

Koerner & Associates Ltd. has advised Continental AG on its investment of THB 5 billion to set up its first manufacturing plant in Thailand to expand its business operation in South East Asia.

Koerner & Associates Ltd. has advised Mercedes-Benz (Thailand) Ltd on its investment of over THB 600 million in a 10 year contract with Bangchan General Assembly Plant for a new One Roof Center.

Minter Ellison has advised AGL in the first trade in Australian emission trading units. The forward trade saw AGL Hydro Partnership sell 10,000 tonnes of Australian emission trading units (AETUs) to Westpac at A$19.00 a tonne. AGL engaged Minter Ellison to construct the documentation around which AETUs are traded. The documentation covers a multitude of plausible outcomes whilst still enabling a degree of certainty of what is to be traded.

Paul, Hastings, Janofsky & Walker LLP has represented Asia Pacific Land (APL) as purchaser in the largest ever single asset real estate deal in PRC history. The firm assisted APL in the financial close of the acquisition of The Center, a Shanghai office building located in Puxi, from a Hong Kong Stock Exchange listed Hutchison Whampoa Group subsidiary chaired by Li Ka-shing, for approximately US$650 million. APL is a privately owned real estate investment, development and asset management company, which makes investments in real estate transactions in China, Japan and other countries throughout Asia.