International law firm Freshfields Bruckhaus Deringer has advised Meiji Yasuda Life Insurance Company (Meiji Yasuda) on its 15% capital investment in Thailand based insurer Thai Life Insurance Public Company Limited (Thai Life).
Tags: Freshfields Bruckhaus Deringer LLP | TokyoDavis Polk Advises Sumitomo Mitsui Banking Corporation on $2 Billion Concurrent Guaranteed Senior Bond Offerings
Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with its $2 billion senior debt offering in reliance on the Section 3(a)(2) exemption of the Securities Act. The offering consisted of $500 million of 1.45% senior bonds due 2016, $500 million of 2.5% senior bonds due 2018, $700 million of 3.95% senior bonds due 2023 and $300 million of 3.95% senior floating-rate bonds due 2016, each guaranteed by Sumitomo Mitsui Banking Corporation’s New York branch. The joint lead managers for the offering were Goldman, Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and SMBC Nikko Securities Inc.
Tags: Davis Polk & Wardwell LLP | TokyoRopes & Gray – Mitsubishi Tanabe Pharma Corp. Buys Stake in Medicago in Transaction Valued at $357M
Ropes & Gray is providing U.S. legal counsel to Mitsubishi Tanabe Pharma Corporation (MTPC) in its definitive arrangement agreement to acquire of all of the issued and outstanding common shares of Medicago Inc., other than the shares currently held by Philip Morris Investments B.V. an affiliate of Philip Morris International Inc. and MTPC, in a transaction valued at approximately $357 million. The transaction was announced on July 12, 2013; and upon its completion, Medicago will be jointly owned by MTPC (60%) and PMI (40%).
Tags: Ropes & Gray LLP | TokyoSimpson Thacher Represents Suntory Beverage & Food in $3.9 Billion IPO
The Tokyo office of the Firm recently represented Suntory Beverage & Food Limited in connection with its initial public offering on the Tokyo Stock Exchange, which included a global offering to institutional investors pursuant to Rule 144A and Regulation S. As of its completion, the IPO was the largest in Asia in 2013.
Tags: Simpson Thacher & Bartlett LLP | TokyoSimpson Thacher Represents Sumitomo Mitsui Trust Holdings in its Offering of 217,000,000 Shares of Common Stock
The Firm recently represented Sumitomo Mitsui Trust Holdings, Inc. in connection with its Rule 144A and Regulation S offering of 217 million shares of common stock. The offering raised approximately ¥94 billion (US$ 935 million). Goldman Sachs International and J.P. Morgan were the Joint Lead Managers for the offering.
Tags: Simpson Thacher & Bartlett LLP | TokyoDavis Polk Obtains Landmark Chapter 15 Recognition of Elpida Memory, Inc.’s Japanese Reorganization Plan
Davis Polk advised Elpida Memory, Inc. (Elpida), a debtor in a corporate reorganization proceeding pending in Japan, in obtaining United States recognition of its Japanese plan of reorganization. Elpida’s highly contested cross border reorganization case has been (and continues to be) followed with great interest among bankruptcy practitioners, judges and academics around the world, largely due to the novel issue of Chapter 15 recognition of a Japanese reorganization plan – which had been sought but never obtained in any prior Chapter 15 case. Elpida’s U.S. recognition order marks the first time a United States court has granted full recognition to a Japanese reorganization plan under Chapter 15 of the U.S. Bankruptcy Code.
Tags: Davis Polk & Wardwell LLP | TokyoHerbert Smith Freehills Advises MHI on Global Integration of Thermal Power Operations with Hitachi
Herbert Smith Freehills has advised Mitsubishi Heavy Industries, Ltd. (“MHI”) on the proposed worldwide merger with Hitachi, Ltd. (“Hitachi”) of their respective thermal power operations. The firm has been working together with Japanese law firm Nishimura & Asahi, German law firm Noerr LLP, South African law firm Werksmans Attorneys, Polish law firm WKB Wiercinski, Kwiecinski, Baehr, and Greek law firm Zepos & Yannopoulos on this deal. The Definitive Agreements were signed on 11 June 2013.
Tags: Herbert Smith Freehills LLP | TokyoBaker & McKenzie Advises Sumitomo Corporation on its Investment in Three Mega-Solar Power Plants in Japan
Baker & McKenzie (Gaikokuho Joint Enterprise) is advising Sumitomo Corporation (“Sumitomo”) on their plans to develop and invest in three mega-solar power projects in Japan. These projects will require an investment of JPY18 billion with the goal of securing a combined generation capacity of 49 MW.
Tags: Baker McKenzie | TokyoSimpson Thacher Represents Mitsubishi UFJ Trust and Banking Corporation in Acquisition of Butterfield Fulcrum Group
The Firm is representing Japan’s Mitsubishi UFJ Trust and Banking Corporation in its acquisition of Butterfield Fulcrum Group, an alternative investment fund administrator.
Tags: Simpson Thacher & Bartlett LLP | TokyoAllen & Overy – Breaking New Ground in Vietnam
A&O advises on USD9bn Nghi Son Refinery deal, the largest international project financing the country has seen in over 20 years.
Tags: Allen & Overy LLP | Tokyo