Vinson & Elkins and White & Case have advised on an $8.5 billion joint venture between state-owned oil companies based in China and Saudi Arabia. Vinson & Elkins Beijing partners Paul Deemer and Nicholas Song advised Chinese oil refiner China Petroleum & Chemical Corp., better known as Sinopec, on an agreement with Saudi Arabian Oil Co., also known as Saudi Aramco, to build and operate an oil refinery on Saudi Arabia’s west coast. Sinopec will hold a 37.5-percent stake in the venture. White & Case acted for Saudi Aramco. The firm’s team included Hong Kong partner Hallam Chow, New York partners Wendell Maddrey and Jason Webber, and Riyadh partner Waleed Al-Nuwaiser. [Read full story]
Slaughter and May has guided Swire Properties Ltd. on its spin-off and listing by introduction on the Hong Kong Stock Exchange. The company, the real estate arm of Hong Kong conglomerate Swire Pacific Ltd., owns and operates properties including Hong Kong’s Pacific Place mall. The deal did not raise any new funds: the listed shares were distributed among Swire Pacific’s existing shareholders. Hong Kong partner Richard Thornhill and Beijing partner Lisa Chung led Slaughter and May’s team. Jingtian & Gongcheng advised Swire on Chinese law, while Mayer Brown JSM provided Hong Kong, U.S., and English property law counsel. Freshfields Bruckhaus Deringer Hong Kong partners Grace Huang and Ken Martin respectively advised the underwriters on Hong Kong and U.S. law. King & Wood was Chinese legal advisor to the underwriters.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
