2013.10
Siemens says Saudi train order worth 1.5 bln euros
Siemens’s share of a major contract to supply trains for a new subway system in the Saudi Arabian capital of Riyadh is worth 1.5 billion euros ($2 billion), the German group said on Thursday, confirming its biggest ever rail engineering order from the …
SE Asia Deals: Jindal Power to acquire Kineta Power
A&G advises Fragrance Group on its $800 million debt issue, A&O guides Travellers International Hotel Group on its $434 million IPO, AZB, Desai & Diwanji star in Customers Bancorp’s stake acquisition in Religare, and much more in this week’s Southeast Asia deals spotlight.
LME CEO braces to fight warehousing lawsuits
The London Metal Exchange’s new CEO said he was ready to fight multiple lawsuits brought over its global warehousing network, and that critics shouldn’t expect a silver bullet to fix their concerns with it.
AgustaWestland invokes arbitration over India chopper deal
AgustaWestland has invoked arbitration over a scandal-tainted deal to sell helicopters to the Indian government, according to a statement on Friday from the unit of Italy’s Finmeccanica.
Favourable ruling for Nokia on assets freeze
Nokia Corp, which is in a $333 million tax dispute with Indian authorities, said the Delhi High Court last week ruled in the company’s favour in a case where the tax office froze some of its assets.
Unitech to repay Deutsche, Libor dispute goes to trial
India’s Unitech must repay a $150 million loan to Deutsche Bank, but a smaller dispute can go to trial, a UK judge ruled on Friday, in a case which could set a precedent for whether a Libor interest-rate rigging scandal can invalidate some deals.
Koba Tin to seek arbitration if Indonesia scraps mining permit
PT Koba Tin, a subsidiary of the world’s second-biggest tin producer, will seek international arbitration if Indonesia’s government refuses to extend its permit to operate a mine, the chief executive of the Malaysian parent company said.
Withers moves partner to HK, grows Asia corporate team
Withers has relocated London-based international finance and projects head Denis Petkovic to Hong Kong to grow the firm’s Asian regional corporate and finance team.
China to triple min. capital level for new foreign banks
China’s banking regulator plans to more than triple the minimum registered capital requirement for new wholly owned foreign banks and joint venture banks, a state-owned newspaper reported on Wednesday.
China-Biotics asks U.S. SEC for 2nd chance
A Chinese probiotics manufacturer on Tuesday asked U.S. regulators to reinstate its securities registration, which was revoked in 2012 because the company failed to file some of its required financial reports.