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Latham Advises on Largest Energy Trans. in Asia
Law Firm News |
2006/12/14
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A cross border team from Latham & Watkins' Hong Kong, Tokyo, Singapore and US offices advised the TEPCO/Marubeni consortium - comprising The Tokyo Electric Power Company Incorporated and Marubeni Corporation - on its winning bid to acquire Mirant Asia Pacific Limited in a deal that values the company at $3.4 billion. Tokyo Electric, Japan's largest power company, and Marubeni, an international power developer with over a century of experience in the Philippines, will each buy a 50-percent stake in Mirant Asia Pacific, whose unit Mirant Philippines is the biggest independent power producer in the Philippines. The two companies were the successful bidders in a highly competitive auction process conducted by Mirant and its financial advisor, Credit Suisse. The deal is the largest energy M&A transaction in the Asia Pacific region. The Latham team is led by Hong Kong managing partner Joseph Bevash and Tokyo partner Michael Yoshii, and comprises teams in Tokyo (of counsel Joseph Kim and associate Tsuyoshi Imai), Hong Kong (partners Mitchell Stocks and David Zhang, and associates Andrew Lam, Tim Gardner, Jie Fertig and Zheng Wang), Singapore (partner Mark Nelson), and the United States (partners Ted Sonnenschein, Larry Stein and Joel Mack, and associate Pardis Zomorodi). |
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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