Leading international law firm Clifford Chance has advised AMP Capital on its proposed establishment of a joint venture funds management company with China Life Asset Management Company, a subsidiary of China Life Insurance China access to China  (Group) Company, China’s largest insurance group and the world’s largest listed insurance company by market capitalisation.

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Linklaters today announces that leading restructuring & insolvency lawyer David Kidd has been elected as a partner to lead its pan-Asian Restructuring & Insolvency practice. David Kidd will join in October and will be based in Hong Kong.

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Baker & McKenzie is advising ARA Asset Management (Fortune) Limited, as manager of Fortune Real Estate Investment Trust (“Fortune REIT”), on Fortune REIT’s proposed acquisition from Cheung Kong (Holdings) Limited of Kingswood Ginza in Hong Kong for a total consideration of approximately HK$5.84 billion. The acquisition will be by way of purchase of the company holding the Kingswood Ginza Property. The purchase consideration will be financed by drawing down new term loan facilities and using the net proceeds of the unit placement conducted recently by Fortune REIT in August 2013. Baker & McKenzie advised Fortune REIT on the unit placement and is also advising on the debt financing.

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Kirkland & Ellis represented L Capital Asia, the Asian private equity arm of LVMH Moët Hennessy Louis Vuitton S.A. (LVMH), which recently closed its second private equity fund. The fund was oversubscribed and closed at its hard cap of US$950 million, exceeding its original target of US$800 million. The fund, which will make investments in Asia’s lifestyle-consumer and branded goods sectors, accepted commitments from a broad mix of global institutional investors, including sovereign wealth funds, pension plans, endowments and foundations, diversified financial institutions and family offices.

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Paul Hastings, a leading global law firm, announced today that the firm represented Shuanghui International Holdings Limited (“Shuanghui”), the owner of China’s largest publicly-traded meat processing enterprise, in entering into a facilities agreement with Bank of China Limited, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (also known as Rabobank International), Credit Agricole Corporate and Investment Bank, DBS Bank Ltd., Natixis, The Royal Bank of Scotland plc, Standard Chartered Bank (Hong Kong) Limited and Industrial & Commercial Bank of China (Asia) Limited, whereby Shuanghui will obtain approximately US$4 billion in debt financing to fund its pending acquisition of Smithfield Foods (“Smithfield”) (NYSE: SFD), the largest U.S. publicly-traded pork processor and hog producer.

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Allen & Overy has advised ING Group on the KRW1.84 trillion (approximately USD1.7bn) sale of its South Korean life insurance business, ING Life Korea, to private equity firm MBK Partners, South Korea’s largest private equity group.

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Allen & Overy has advised Dutch development bank Nederlanse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), as part of a consortium comprising Hong Kong, Taiwanese and Korean banks, on a USD90 million loan facility (subject to the exercise of a greenshoe option) to China Singyes Solar Technologies Holdings (Singyes).

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International law firm Simmons & Simmons has advised ONGC Videsh Limited (“OVL”) on the US$2.64 billion acquisition of the ten percent participating interest (“Acquisition”) in the Rovuma Offshore Block in Mozambique (“Area 1”), from Anadarko Moçambique Area 1 Limitada (“Anadarko”), a wholly owned indirect subsidiary of Anadarko Petroleum Corporation.

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Paul Hastings, a leading global law firm, announced today that it advised China International Marine Containers (Group) Co. Ltd. (“CIMC”) on its wholly-owned subsidiary, China International Marine Containers (Hong Kong) Ltd. (“CIMC Hong Kong”) entering into a sale and purchase agreement (the “SPA”) with the Singapore-listed Pteris Global Limited (“Pteris”) on July 29, 2013, pursuant to which CIMC Hong Kong will sell the 70% equity interests in Shenzhen CIMC-TianDa Airport Support Ltd. (“CIMC-TianDa”) to Pteris and as consideration, Pteris will issue new shares to CIMC Hong Kong (or its nominee). Following the completion of the SPA, the equity interests of CIMC in Pteris are expected to increase from approximately 14.99% to approximately 63.88% (up to approximately 65.80%, subject to certain adjustment mechanisms). As a result, the Singapore-listed Pteris will become a subsidiary of CIMC.

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Davis Polk advised The Hongkong and Shanghai Banking Corporation as underwriter in connection with a Schedule B debt offering by The Korea Development Bank of US$250 million in aggregate principal amount of its 4% notes due 2016. The notes are consolidated and form a single class of notes with KDB’s US$750 million aggregate principal amount of 4% notes due 2016 issued on March 9, 2011.

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