Milbank, Tweed, Hadley & McCloy LLP announced that Aled Davies, a leading project finance lawyer known for his work on large-scale infrastructure and energy projects around the world, will be joining the firm as a partner in the Tokyo office effective September 1 and in so doing will become a member of Milbank’s Global Project Finance group.

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Leading international law firm Clifford Chance has advised Ascott Residence Trust (Ascott Reit) on its acquisition of a portfolio of 11 rental housing properties in Japan for JPY9.2 billion from ACRJ3 Pte Ltd, an 88.9% owned subsidiary of The Ascott Limited. The properties have a total of 959 apartments located across six cities in Japan.

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Bingham McCutchen LLP expanded its 75-lawyer Tokyo office and bolstered its global cross-border capabilities in Japan and Asia with the addition of Christopher Wells and Tomoko Fuminaga as partners in Bingham’s Investment Management Group along with five additional lawyers, including Carol Tsuchida and Koji Yamamoto.

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Leading international law firm Clifford Chance has advised MGPA on behalf of MGPA Asien Spezialfonds, which targets German-speaking institutional investors on two property investments in Japan. The investments comprise the acquisition of two Tokyo office buildings, South Shin Otsuka building in Otsuka and Shinjuku TX building in Shinjuku. These transactions are MGPA Asien Spezialfonds first investments in Japan with both transactions closing in March. The fund is launched on the administration platform of the German investment company Universal-Investment.

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Baker & McKenzie (Gaikokuho Joint Enterprise) advised Shinsei Bank on its  JPY 1.6 billion loan to JAG Energy Co.,Ltd. (“JAG”), a group company of Japan Asia Group Limited. JAG is constructing five mega solar power facilities in Hokkaido which can generate a total output of approximately 5.5 MW.

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The Tokyo office of the Firm recently represented the initial purchasers, led by Nomura Securities International, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC in an offering of $1,400,000,000 5.325% Step-up Callable Subordinated Notes due 2073 by Sompo Japan Insurance Inc. The notes were sold to international investors outside of Japan in reliance on Rule 144A and Regulation S. The notes are listed on the Singapore Stock Exchange.

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Morrison & Foerster today announced that Kenji P. Taneda, a highly regarded capital markets lawyer, has joined the firm as a corporate partner in its Tokyo office.

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The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) in the sale of Intelligence Holdings, Ltd. to Temp Holdings, Co. Ltd. Temp Holdings will acquire all outstanding equity of Intelligence from KKR and the management of Intelligence for an enterprise value of ¥68 billion ($716 million). The transaction is subject to customary closing conditions.

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Orrick, Herrington & Sutcliffe LLP announced today that David E. Case has joined the firm as a partner in its Intellectual Property Group based in the firm’s Tokyo office.

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Simpson Thacher recently represented the underwriters, led by Nomura Securities International, Inc., in an offering of $1.2 billion 2.00% Medium-Term Notes, Series A due 2016 and $300 million floating rate Medium-Term Notes, Series A due 2016 of Nomura Holdings Inc. The Notes are listed on the London Stock Exchange.

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