K&L Gates Secures $820.5 Million for Client Astra Oil Trading NV

After four years of litigation, global law firm K&L Gates LLP obtained for its Netherlands-based client Astra Oil Trading NV a payment of $820.5 million from the North American arm of Brazil’s national oil company, Petrobras Brasiliero S.A. – Petrobras (“Petrobras”). The payment brought to an end a series of disputes arising out of an Astra-Petrobras joint venture involving a Pasadena, Texas, refinery.

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Tags:  K&L Gates LLP | Dallas

K&L Gates Adds to Brussels Office with Food Law Partner

The Brussels office of global law firm K&L Gates LLP welcomes Sebastián Romero Melchor as a partner in its food, drugs, medical devices and cosmetics practice. Romero Melchor joins K&L Gates from Food Law Consultants, a Brussels-based boutique firm focused on European Union food and nutrition law, where he was founder and managing partner.

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Tags:  K&L Gates LLP

Norton Rose Australia Advises Funtastic Limited on Capital Raising

Norton Rose Australia is advising Funtastic Limited (“Funtastic”) on its capital raising of approximately A$24.6 million. The capital raising consists of a A$6.8 million institutional placement and a 1 for 3 non-renounceable pro-rata accelerated entitlement issue to institutional and retail shareholders of approximately A$17.8 million at an issue price of $0.145 per new share.

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Tags:  Norton Rose Fulbright

Ashurst Advises Lundin Petroleum on US$2.5bn Financing

Ashurst has advised Lundin Petroleum on a fully committed 7-year senior secured revolving credit facility of US$ 2.5 billion. This senior secured facility is revolving in order to adjust to Lundin Petroleum group financing needs. This facility will provide the necessary financial flexibility to carry out Lundin Petroleum’s development and exploration projects in Norway, including the Edvard Grieg and Brynhild developments. The lender group consists of 25 international banks, combining existing and new lenders to Lundin Petroleum.

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Tags:  Ashurst

Simpson Thacher Represents JPMorgan as Financial Advisor to the Board of Directors of Merchant e-Solutions in $670 Million Sale to Cielo

Simpson Thacher represented JPMorgan as financial advisor to the Board of Directors of Merchant eSolutions, Inc. in connection with Cielo S.A.’s agreement to acquire Merchant eSolutions for $670 million. The transaction is subject to the satisfaction of certain closing conditions.

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Tags:  Simpson Thacher & Bartlett LLP | New York