King & Spalding Transaction Named Deal of the Year By The Banker

Thursday, July 12, 2012 - 15:07

King & Spalding served as adviser in a 2012 deal The Banker named as one of the top M&A deals of the year in the Middle East and North Africa region.

King & Spalding represented NBK Capital, a leading alternative investments firm, in the successful sale of its 40 percent stake in Hanco, Saudi Arabia's second largest vehicle fleet leasing and rental company. The sale in January 2012 valued the entire company at $140 million. The deal yielded returns for NBK Capital in excess of twice its initial investment.

The King & Spalding legal team representing NBK Capital on its exit from Hanco was led by partners Jawad Ali and Nabil Issa of the firm’s Dubai and affiliated Riyadh offices, with the assistance of three Riyadh-based lawyers: counsel Mohammad Al-Ammar, senior associate Sanjarbek Abdukhalilov and associate Dr. Sultan Almasoud.

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Eric A. Schwartz, a partner in the international arbitration practice of King & Spalding, was appointed to a three-year term as the United States vice president of the International Court of Arbitration of the International Chamber of Commerce (ICC), effective July 1. Previously, he had been the U.S. member for the past three years.

Mr. Schwartz, one of the top international arbitration lawyers in the world, served as secretary general of the International Court of Arbitration from 1992 to 1996 and oversaw the work of the ICC court and its secretariat in relation to 2,500 international arbitration cases.

Mr. Schwartz, who has practiced law in Paris for 30 years, focuses on international commercial arbitration, with particular expertise in large, complex disputes in the areas of civil engineering and construction, oil and gas, and information technology and telecommunications. He is co-author of A Guide to the ICC Rules of Arbitration, one of the leading treatises on ICC arbitration.

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Continuing the expansion of its global disputes practice, King & Spalding has added partners Henry G. (“Harry”) Burnett and James E. Berger in its New York office.

Mr. Burnett joins King & Spalding from Crowell & Moring LLP, where he was a partner and head of its international dispute resolution group and Latin America practice. His practice covers international arbitration as well as business litigation in federal and state courts.

Mr. Berger joins from Paul Hastings LLP, where he served as counsel in the litigation department, focusing on complex cross-border litigation, including enforcement proceedings and court actions in aid of international arbitration.

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King & Spalding received a “gold award” recognizing the firm as the foremost international arbitration practice in the United States at the 2012 International Legal Alliance Summit and Awards. The annual Paris-based ceremony, which is organized by Leaders League, seeks to acknowledge the best independent law firms from their domestic markets and countries.

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Michael D. Petty, the former vice president of development and regulatory law at Amgen Inc., has joined the FDA and life sciences practice of King & Spalding as a pharmaceutical regulatory partner in its Washington, D.C., office. During his six-year tenure at Amgen, Mr. Petty was responsible for building its regulatory law department and for legal support and strategy in the areas of corporate research and development operations for pharmaceuticals, biotechnology products and medical devices; corporate regulatory affairs; scientific affairs; global health economics; pharmaceutical, biotechnology and medical device issues; and worldwide compliance and business ethics.

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King & Spalding has recruited veteran patent litigator William F. Abrams to add first-chair intellectual property litigation experience and boost expansion efforts in its Silicon Valley office, the firm announced today.

Mr. Abrams joins King & Spalding from Bingham McCutchen, where he was a partner and former co-chair of the intellectual property practice group. Abrams has 30 years’ experience as an IP lawyer. He focuses on patent litigation and trade secrets disputes. He was named to the San Francisco Daily Journal’s 2011 list of top intellectual property lawyers, and Chambers USA 2012 called him “a seasoned trial lawyer and star of the patent Bar.” 

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King & Spalding continues to be among the most active law firms representing U.S. lenders and borrowers on loan transactions, according to Thomson Reuters LPC’s recently released syndicated loan league tables for the first half of 2012.
 
King & Spalding’s finance practice ranked 4th in lender-side representations and 6th for total lender and sponsor representations in U.S. leveraged finance matters through the first 6 months of the year. The group has also established itself as one of the top finance practices advising on merger and acquisition financing, ranking second by number of  lender representations and third for total representations in that category.
 
Overall, King & Spalding ranked 7th by number of representations in overall syndicated transactions since the start of 2012, and was credited with 50 deals worth almost $22 billion. The firm also earned the seventh spot for total lender side deals, and placed 14th based on the aggregate number of borrower representations.