|Cleary Gottlieb represented the initial purchasers in a Rule 144A offering of US$400 million aggregate principal amount of Convertible Senior Notes due 2013 by LDK Solar Co., Ltd. Cleary Gottlieb also represented affiliates of the joint book-running managers in related derivatives transactions entered into to facilitate the offering of the notes, including US$200 million of pre-paid forward share repurchase contracts with LDK Solar and a Rule 144/Rule 10b5-1 share sales plan and related prepaid forward contracts with an affiliate of LDK Solar.
Harry Elias Partnership acted for First Serve Toonz Pte Ltd, a joint venture between First Serve International and Toonz Animation India Pvt Limited, in the financing of its US$10million production of the television animation series entitled ‘Wolverine’ for Marvel Characters Inc. Toonz Animation is a major provider of animation to top US and European producers and is one of the top 10 multi-media studios in the world. This is the first in Singapore where productions rights were utilised as security for the loan facility.
Harry Elias Partnership acted for Ochre Pictures Pte Ltd, one of the top local production companies, by advising on the legal aspects of the production of ‘Leap Years’.
Harry Elias Partnership acted for TBWA in negotiating the Master Agency Services Agreement with Singapore Airlines Limited. This is the first time that SIA has appointed a new advertising agency after having appointed Batey Ads as its agency for the last 20 years.
Hogan & Hartson LLP has successfully defended a patent infringement suit filed against several Chinese battery manufacturers by Energizer Holdings, Inc. and its subsidiary, Eveready Battery Company, Inc. On Monday, April 21, the U.S. Court of Federal Appeals for the Federal Circuit affirmed a U.S. International Trade Commission (ITC) ruling that the patent asserted by Energizer Holdings was invalid. This is the second time that Energizer Holdings has appealed to the Federal Circuit following a ruling by the ITC that the Eveready patent is invalid.
Paul, Hastings, Janofsky & Walker LLP advised a consortium of financial arrangers comprised of Rabobank, ICBC, ING Bank, RBS and WestLB as mandated lead arrangers of US$248 million loan facilities to support the acquisition by CVC Asia Pacific Ltd of Asia Dekor Group Limited, a Singapore-listed company with substantial operations in the PRC.
Skadden, Arps is representing Tokyo-based Marubeni Corp. in its agreement with Antofagasta PLC to acquire a 30 percent stake in two copper mining companies in Chile for US$1.31 billion.
Watson, Farley & Williams LLP acted for Thoresen Thai Agencies Public Company Limited of Thailand and its group of companies in respect of its sale to, and leaseback from, Jakarta-based PT Perusahaan Pelayaran Equinox (Equinox) of the general cargo ship, m.v. ‘Thor Sailor’. Equinox is an Indonesian integrated shipping, logistic and offshore services business and a licensed Indonesian national shipping company.
Watson, Farley & Williams LLP acted for a syndicate of banks led by ICICI Bank Limited, Singapore Branch as mandated lead arranger and book runner in relation to a US$123 million senior loan facility and a US$46 million junior loan facility to be provided to Deep Drilling 4 Pte. Ltd., a Singapore subsidiary of Aban Offshore Limited (Aban), to finance its acquisition of a Baker Pacific Class 375 jack-up drilling rig currently under construction at PPL Shipyard, Singapore. The rig will, upon delivery, be registered in Singapore and be managed by Premium Drilling AS, a joint venture between Aban and Awilco Offshore.