Shearman & Sterling has succeeded in obtaining an order from the Court of Appeals in Rome overturning the seizure of approximately €1 billion in assets held in Italy by the Libyan Investment Authority (“LIA”). The seizure was implemented by Italian judicial authorities in March 2012 following a request received from the International Criminal Court in the Hague.
Tags: Shearman & Sterling LLP
The firm recently advised French real estate company Icade on its €1.55 billion club deal with eight banks. The new financing arrangement, structured in three tranches, will enable Icade (a subsidiary of the Caisse des Dépôts) and Silic, a leading Paris business park owner, to meet general financing needs, optimize debt schedules and increase back-up lines, while reinforcing overall financial strength. The 3-tranche club deal comprises a medium-term credit line (€625 million, 5-year maturity); a revolving credit facility (€550 million, 3-year maturity) and a forward-start credit line (€375 million, 3-year maturity from 2014).
Tags: Willkie Farr & Gallagher LLP
Baker & McKenzie is further strengthening its presence in Africa with an office in Morocco to serve clients in the Maghreb region of North Africa. Casablanca will be the Firm’s third office in Africa and 71st overall.
Tags: Baker McKenzie
Perkins Coie is pleased to announce that Michael Thimmig and Rafael A. Colorado Ferrer have joined the firm’s Financial Transactions and Restructuring practice in the Dallas office as Partner and Associate respectively. Michael is joining the firm from Greenberg Traurig, LLP, while Rafael is joining from Hudson Americas LLC.
Tags: Perkins Coie LLP | Dallas
The global law firm Jones Day has announced that Bruce W. Moorhead Jr. has joined as a Banking & Finance Practicepartner. Formerly a partner with Hunton & Williams, he will be based primarily in the Atlanta Office, but will spend a portion of his time in Jones Day’s New York Office as well.
Tags: Jones Day
Cozen O’Connor, among the 100 largest U.S. law firms, announced that utilities lawyer David P. Zambito has joined the firm as a member of the Business Law Department in the Harrisburg, Pa., office. One of Pennsylvania’s premier utility attorneys, Zambito served as principal legal advisor to former PA Public Utility Commission (PUC) Chairman and Commissioner Glen Thomas. He formerly was a principal at Post & Schell in Harrisburg.
Tags: Cozen O'Connor, P.C.