DLA Piper has been advising a banking consortium managed by SEB AG and comprising SEB AG, Landesbank Hessen-Thüringen Girozentrale, Deutsche Hypothekenbank (Actien-Gesellschaft), ING Bank and Coreal Credit Bank AG on the refinancing of a retail property portfolio with 38 locations in Germany and a value of more than 275 million euros. Each of the participating banks is contributing to the financing with an equal share (20 per cent).
Tags: DLA PiperDLA Piper has been advising the Gruner + Jahr publishing group on the acquisition of the Indian start-up Seventynine. Seventynine specializes in digital advertising for mobile devices. Its business is being purchased by the leading Indian digital marketing company NetworkPlay, in which Gruner + Jahr acquired a majority holding at the beginning of the year – also with the assistance of DLA Piper. Acquisition of the Seventynine business enables Gruner + Jahr to further reinforce its presence on the Indian advertising market.
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Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has appointed partner Anne Kleffmann and two new associates to strengthen its German employment law practice.
Tags: Watson, Farley & Williams LLP | Germany
Today Labaton Sucharow LLP, along with its co-counsel, announced that it reached a $473 million settlement in In re Schering-Plough Corporation / ENHANCE Securities Litigation. The recovery is the largest securities class action settlement ever against a pharmaceutical company, among the top 25 securities class action settlements of all time, and among the ten largest recoveries ever in a securities class action that did not involve a defendant company restating its earnings. The case was set to start trial on March 4, 2013 in federal court in New Jersey.
Tags: Labaton Sucharow LLP | New York
Fasken Martineau a leading business law and litigation firm, announced today that it is advising Cœur d’Alene Mines Corporation (CDM) in respect of its proposal to acquire Orko Silver Corp. (OK) for CDN$2.70 per share in cash and stock, a transaction with a total value of approximately CDN$384 million.
Tags: Fasken Martineau DuMoulin LLP
International law firm Pinsent Masons has announced plans to establish a presence in Turkey focussing on the infrastructure sector.
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Leading international law firm Norton Rose is acting for house builder Crest Nicholson, which today announced its highly anticipated IPO and proposed listing on the Premium Segment of the London Stock Exchange.
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Gilbert + Tobin represented The Phonographic Performance Company of Australia (PPCA) in its successful appeal to the Federal Court of Australia against Commercial Radio Australia which represents the interests of commercial radio broadcasters in Australia.
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International law firm Clifford Chance has advised British investor Rockspring Property Investment Managers (“Rock-spring”) as fund manager of German Retail Box (Jersey) Properties Limited (“GRBF”) in connection with the granting of a loan in the amount of 275 million Euros. The loan was granted to refinance a real estate portfolio.
Tags: Clifford Chance LLP | GermanyClifford Chance advised various companies of an investment fund managed by the FREO Group on the sale of the prime portfolio to a fund managed by IVG Immobilien. The portfolio consists of three prime real estate projects, “ONE Goetheplaza”, an office and commercial property in Frankfurt am Main, which is a joint venture between FREO and AREA Property Partners, the Taunusanlage 11 (“T11”) property, a fully renovated office building in Frankfurt am Main, and Kurfürstendamm 195 (“Kudamm No 195”), an office and commercial complex in Berlin. The total value of the portfolio is around EUR 500 million.
Tags: Clifford Chance LLP