Skadden, Arps, Slate, Meagher & Flom has advised Toshiba Corp. on the $1.6 billion acquisition of a 20 percent interest in Westinghouse Electric Co., a nuclear energy company based in Pennsylvania. The deal represents the exercise of an option by Louisiana-based engineering company The Shaw Group, Inc. to sell back its stake in Westinghouse, which it originally bought from Toshiba in 2006. Skadden’s Tokyo corporate partners Mitsuhiro Kamiya and Michael Mies led the firm’s team. The Shaw Group’s legal advisors have not been disclosed. [Read full story]

Milbank, Tweed, Hadley & McCloy has followed its roles on recent Japanese project finance deals in Colombia and Venezuela by advising the financiers of a Japanese copper mining project in Chile. Tokyo-based partner Mark Plenderleith advised five banks on a $1.4 billion loan package. Santiago’s Philippi, Yrarrázaval, Pulido & Brunner provided Chilean counsel to the lenders through partner Marcello Armas. The funding will enable the sponsor, Minera Lumina Copper Chile S.A., to develop the Caserones copper mine in Chile. Minera Lumina was advised by Morrison & Foerster partners Dale Caldwell and Michael Graffagna, both based in Tokyo. Jara Del Favero Abogados was Chilean counsel to the sponsors. Partner Gabriel Del Favero Valdéz led the firm’s team. [Read full story]


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