Chair's Note

Dear WSG Members,

As I step into the role of WSG Chair, I am grateful for the work of our outgoing Chair, Anastasia Campbell, who has skillfully continued the legacy of leadership built over the creation of WSG more than 20 years ago and I am grateful for her continued leadership in her role as Chair Emeritus this coming year.

WSG stands as a testament to the necessity of collaboration among elite business legal firms and other key collaborators within the industry, and it is the unwavering commitment to quality and service from our members that truly defines our excellence. I am eager to work alongside our new Board of Directors as we explore innovative pathways to deepen our connections and enhance the value we provide to our clients. Together, we will not only uphold our high standards, but also propel our network to new heights of success.

I also want to thank the Board of Directors and the Regional Councils for working together with the continued support from corporate headquarters in Houston, along with our Members for such devoted participation and contributions.

During my term as your Chair this upcoming year, I will focus on the following main objectives:

Encouraging Greater Participation of Member Firm Lawyers in WSG Activities: During the pandemic, all WSG activities migrated online. This shift resulted in a significant increase in participation in WSG activities, as everyone could attend professionally valuable events that were free and did not require out of office expenses. However, as firms begin to increase expense driven activities for the firm, I want to work with regional councils, members of existing practice groups, and headquarters staff to organize activities that continue to develop in increasing value for firm participation to continue to increase the interest and growth for global, regional, virtual and conference events.

Participation in the Emerging Leader Group: It is very important for the sustainability of the firm relationships and the long-term value of the network that each firm designate up-and-coming firm leaders to engage and learn about the value of the network and participate in network activities. I want to work with WSG leaders at all levels to ensure that every firm designate at least one Emerging Leader to participate in group activities that develop the next generation of WSG contacts.

Retention of Current Members: While the organization is an integrated and strong network with a true representation of the global industry, independent firms go through their own changes requiring WSG to continually review firms fit, jurisdiction representation and active participation. These recruiting efforts will continue valuably through the recruitment committee made up of network members who continuously work for retention through benefit awareness, increased communication and new member recruitment where and when needed.

Recognition of Member Commitment: Finally, I believe it is important for the organization to formally recognize the commitment of its members and their representatives. While this was a pre-covid activity, it has not been reimplemented. This year, I would like to reestablish the annual award and add more recognitions to show our sincere gratefulness of members efforts and commitment to the WSG organization.

Sincerely,

André Vautour
Partner, Lavery, Quebec, Canada
Chair, World Services Group


In The News

Asia Pacific

Han Kun Law Offices, with its extensive experience in international capital markets, has successfully assisted Trident Digital Tech Holdings LTD as coordinating counsel in its initial public offering in the United States and its listing on the NASDAQ Capital Market under the symbol "TDTH". Trident Digital Tech Holdings LTD is a leading digital transformation enabler in the small and medium enterprise, or SME, segment of the e-commerce enablement and digital optimizing services market in Singapore.

Kudun and Partners has successfully represented Tri Petch Isuzu Sales Co., Ltd. in a significant expansion of its used car business. This expansion was achieved through a strategic acquisition and investment, which involved acquiring shares from shareholders of one of Thailand’s leading distributors of high-quality used cars, and the subscription of newly issued shares.

The total investment, amounting to approximately THB 159 million, has resulted in Tri Petch Isuzu Sales Co., Ltd.’s investment arm, i.e. TPG X Co., Ltd., holding approximately 85% of the shares in the target company and its two subsidiaries.

The matter was led by our partners, Kongkoch Yongsavasdikul and Emi Rowse. They were ably supported by a dedicated team, including Supatra Kerinsaguna, senior associate, Sirivipa Kittisubun, Teerachai Boonyaratgalin and Thanchon Phetroocheang, associates. Their dedication and expertise were instrumental in driving this transaction to success.

As lead counsel, YKVN, alongside Pinsent Masons, represented PetroVietnam Power Corporation (PV Power) in securing up to US$ 521.5 million in tied ECA loans for the Nhon Trach 3 and 4 projects. These power plants have a combined capacity of approximately 1,500 MW and a total investment capital of around US$ 1.4 billion, positioning them as the most advanced LNG-to-power projects in Vietnam.

The YKVN team was led by Managing Partner Truong Nhat Quang and Partner Duong Thu Ha, with support from Counsel Nguyen Huong Giang and Associates Pham Hanh Trang and Pham Linh Chi.

Europe

COBALT is proud to have been part of one of the largest renewable energy financing transactions in Estonia. Together with Watson Farley & Williams (Germany), COBALT financing and real estate teams acted for NORD/LB, one of Germany’s leading commercial banks and Swedbank Estonia, the largest bank in Estonia, in connection with providing an 87 MEUR financing to Aidu Wind Park OÜ for development of 67.5 megawatts (MW) of the 75 MW Aidu wind farm in Estonia. The carbon-free electricity generated by the wind farm can meet the energy needs of more than 40,000 households. Our team included Partner Marina Kotkas, Partner Aivar Taro, Specialist Counsel Mart Blöndal, Senior Associates Sandra Sillaots, Helen Sool, Christine Mägi, Junior Associate Chris Oliver Rahumägi, Assistant Lawyers Tom Suiste and Joosep Lang.

Shoosmiths has supported Watkin Jones in securing its plans for what will become Scotland's tallest residential building.

The law firm advised the developer and manager of residential for-rent properties on its recent planning agreement for The Àrd - a 784-bed, purpose-built student accommodation (PBSA) led mixed-use development, part of the regeneration of Portcullis House, a brownfield site at Charing Cross, Glasgow.

DORDA has successfully advised P95, a global leader in epidemiological and clinical solutions, on its acquisition of the Austrian CRO Assign DMB. The M&A team, led by M&A Partner Lukas Herrmann, with support from Senior Associate Georg Durstberger (Corporate) and Associate Bianca Schamberger (M&A), advised P95 on this transaction, in collaboration with McDermott Will & Emery (UK) and Quinz (Belgium).

ALRUD team advised Hugo Boss on the sale of the Russian business to the major retailer of branded clothes Stockmann JSC.

ALRUD team provided comprehensive legal support to the seller including deal structuring on corporate issues, drafting of legally binding documents, transaction closing, as well as advised on regulatory and counter-sanctions issues. Besides, ALRUD supported to negotiate the distribution agreement.

ALRUD team working on the project under the leadership of Andrey Zharskiy, Partner of the Corporate and M&A Practice, included Kristina Akalovich, Senior Associate (Corporate and M&A), Stanislav Veselov, Of Counsel (Real Estate), Ksenia Erokhina, Senior Associate (Commercial), Natalia Raschevskaya, Senior Associate (Competition/Antitrust), Olesya Klesheva, Associate (Corporate and M&A) and Mikhail Aloyan, Junior Associate (Corporate and M&A).

Castellana Properites, Socimi of the South African fund Vukile Properties, is to make its first acquisition in Portugal with the purchase of three shopping centres from Harbert European Real Estate. PLMJ advised Castellana Properties throughout the negotiation process and tax structuring of the transaction, which will be completed in October.

On the PLMJ side, the team was led by Ricardo Reigada Pereira in real estate and tax structuring and included Hélder Santos Correia and Rita Neves Machado (real estate) and Leonardo Scolari (tax).

Latin America

Morgan & Morgan served as legal advisors of Biocorp Holding, S.A. in a sequence of transactions culminating in the complete sale of Pharma Consulting Group, S.A. (“PCG”) to Swixx BioPharma AG. PCG is the parent company of Laboratorios Biopas, a prominent pharmaceutical company in Latin America, dedicated to the licensing, promotion, and distribution of specialized and innovative pharmaceutical products, operating in 20 countries.

Partner Kharla Aizpurua, senior associate Alejandro Vásquez, and associate Katia Pallares, participated in this transaction.

Beccar Varela advised Skydance Media in its merger with Paramount Global to create New Paramount, a new leading media and technology company valued at US$28 billion. The agreement was signed on July 7, and the transaction is expected to close in the first half of 2025.

Beccar Varela: team led by partners María Shakespear and Ramón Moyano, along with senior associate Luciana Liefeldt and associate Tomás Burllaile. Also participating were partners Florencia Rosati, María Eduarda Noceti and Agustín Waisman; senior associates Mariana Lamarca Vidal and Alejandra Bouzigues; and associates Juan Pazos and Tomás Caputo.

The start of the merger and consolidation process of the operations between Banco Atlas and Banco Familiar has been recently announced. This process began with the signing of certain key agreements that established the bases of the transaction, which also involves the subsidiaries Atlas SA de Seguros, Atlas Casa de Bolsa SA, and Atlas Administradora de Fondos Patrimoniales de Inversión SA, on the one hand; and Familiar Seguros SA, Familiar Casa de Bolsa SA, and Familiar Administradora de Fondos Patrimoniales de Inversión SA, on the other.

The Vouga team that has advised on this first stage of the transaction is led by partners Rodolfo G. Vouga Zuccolillo and Cynthia Fatecha, together with senior associates Cecilia Vera, Andrés Vera and Horacio Sánchez. We look forward to involving more associates from the firm in the next stages of this momentous transaction. Jorge Vera has participated as in-house counsel for Banco Atlas, and the Fiorio, Cardozo & Alvarado Law Firm team, consisting of Juan Bautista Fiorio, Bruno Fiorio and Jean Saavedra, has represented Banco Familiar and its subsidiaries.

BLP has advised Bain Capital Special Situations on its preferred equity investment in MRO Holding, Inc., a world-class aircraft maintenance repair and overhaul company operating in El Salvador, México, Colombia, and the United States and which is a holding of Aeromantenimientos S.A., a leading provider of airframe heavy maintenance in El Salvador.

Our team in this transaction was led by Partners Mariana Nóchez and Zygmunt Brett alongside Directors Claudia Meléndez, José Góchez, Fernando Farrar, Luis Vega, Sofia Quezada, and Associates Andrea Melara, Linda Cuellar and Julio Meléndez.

Veirano Advogados advised RHGestor, an HR Tech from Paraná specialized in human resources management, in the sale of 100% of its capital to Sólides, a technology company from Minas Gerais focused on the HR management of small and medium-sized enterprises (SMEs).

Our partner Diego Y. and lawyer Matheus L. led the negotiations, ensuring a transaction that strengthens the market presence of both brands and broadens the profile of clients served by Sólides.

Basham, Ringe & Correa acted as one of the legal advisors to Kodak Alaris Mexico in connection with corporate and financial matters in order to implement the acquisition of Kodak Alaris by Kingswood Capital Management from the Pension Protection Fund.

Basham, Ringe and Correa (Advisors to Kodak Alaris Mexico): Juan José López de Silanes (Partner), Jesus Colunga (Partner), Pedro Said Nader (Partner), Valeria Couttolenc (Associate)

North America & Caribbean

Haynes and Boone, LLP London Office Managing Partner William Cecil, Partner Andreas Silcher and Counsel Mette Duffy assisted Golar LNG Limited (“Golar”), a NASDAQ-listed liquefied natural gas (LNG) maritime infrastructure company, in its $2.2 billion USD MK II floating liquefied natural gas (FLNG) conversion project. The project, expected to be delivered in Q4 2027, will convert the Golar-owned LNG carrier Fuji LNG into a MK II FLNG vessel with an annual liquefaction capacity of 3.5 million tons of LNG.

Hunton Andrews Kurth LLP represented the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) on their respective equity investments in the Bank of Palestine plc (BoP), which resulted in IFC owning 5% and EBRD owning 3.92% of BoP.

The Hunton Andrews Kurth team was led by James Comyn and included Olamide Falomo and Feyi Ogundipe.

The bond was issued from the Randolph Re cell of Aon's White Rock Insurance Company PCC Limited – the first time a catastrophe bond has been issued out of a Guernsey vehicle. Previous Randolph Re catastrophe bonds were all issued out of Aon's Bermuda cell company, White Rock Insurance (SAC) Ltd. structure, making this a first for Guernsey and one of only a few cat bonds issued in this jurisdiction.

The Carey Olsen Guernsey corporate team advising on the transaction comprised partner Christopher Anderson and senior associate Arya Hashemi. The bonds issued out of the Guernsey cell were listed on the Bermuda Stock Exchange with the assistance of Carey Olsen Bermuda corporate partner Gavin Woods, counsel Max Tetlow and associate Aleeza Dulaney.

WSG Insights

WSG New Member: Divjak Topic Bahtijarevic & Krka Law Firm

WSG is pleased to announce that Divjak Topic Bahtijarevic & Krka Law Firm (DTB), an internationally recognized top-tier Croatian legal service provider, has joined the WSG network as the exclusive legal member for Croatia.

Read More

WSG OnDemand: Financial Inclusion & Economic Development Through Fintech

The WSG Africa & Middle East Regional Council hosted an informative virtual discussion on financial inclusion and economic development through fintech, and how to navigate the regulatory and legal landscape in the region.

Watch Now

WSG Collaborations: Member Referrals & Deals

Have you successfully collaborated and completed a transaction with one or more WSG members? Share your success story and be featured throughout WSG’s website, external news updates and social media pages.

Submit Deals

Recent Happenings

WSG Employment and Labor Group Europe Meeting 2024

3 - 4 October 2024Riga, Latvia
The World Services Group Employment and Labor Group and host firm Ellex welcomed members to the WSG Employment & Labor Group Europe Meeting 2024 in Riga, Latvia. The meeting included a great program covering important topics within the industry and provided valuable networking opportunities.

WSG TMT Group Europe Meeting 2024

26 - 27 September 2024Paris, France
World Services Group and host firm Jeantet welcomed members of the WSG TMT Group to attend the WSG TMT Group Europe Meeting 2024 in Paris. The meeting was a great opportunity for valuable networking opportunities and discussions on important topics within the industry.

WSG Africa & Middle East Regional Discussion: Financial Inclusion & Economic Development Through Fintech

25 September 2024Virtual
The WSG Africa & Middle East Regional Council hosted a virtual discussion on financial inclusion and economic development through fintech, and how to navigate the regulatory and legal landscape in the region.

WSG IBA Annual Networking Luncheon 2024

16 September 2024Mexico City, Mexico
World Services Group invited members to attend the WSG IBA Networking Luncheon 2024 in Mexico City. WSG members who attend the International Bar Association (IBA) Annual Conference and those in the region had the opportunity to network and strengthen their international business relationships.

WSG Annual Meeting 2024

9 - 11 September 2024Papagayo, Costa Rica
World Services Group and BLP, welcomed WSG members to the WSG Annual Meeting 2024 held in Costa Rica. The meeting was held in the same region as the IBA Annual Conference happening the following week in Mexico City. The meeting program featured guest speakers, case studies, and panel perspectives on industry and global trending topics of interest to the members.

WSG European Regional Meeting 2024

19 - 21 June 2024Rome, Italy
Gianni & Origoni hosted the WSG European Meeting 2024 in Rome, Italy. The program featured expert guest speakers, panels and interactive discussions, and offered great opportunities to network with colleagues in the region and globally.

WSG ESG Group Europe Meeting 2024

13 - 14 June 2024Budapest, Hungary
The World Services Group ESG Group and host firm Szecskay Attorneys at Law welcomed members to the WSG ESG Group Europe Meeting in Budapest, Hungary. The meeting included a great program covering important topics within the industry and provided valuable networking opportunities.

WSG Americas Meeting 2024

15 - 17 May 2024Phoenix, Arizona
Quarles and Brady and Consortium Legal invite WSG members to the WSG Americas Meeting 2024. The meeting will be held in Phoenix, Arizona and the program featured guest speakers, panels and discussions. This will be a great opportunity to reconnect through multiple networking opportunities with colleagues in the region.

WSG APAC Regional Meeting 2024

22 - 23 April 2024Tokyo, Japan
World Services Group and Atsumi & Sakai welcomed WSG members to the WSG Asia Pacific Regional Meeting 2024 held in Tokyo, Japan. This program featured guest speakers, case studies, and representative panel perspectives. There were also several opportunities to network among the WSG members from the region and globally.

WSG Patent Law Group Workshop 2024

04 - 06 April 2024Zurich, Switzerland
The WSG Patent Law Group held its annual group meeting hosted by Walder Wyss in Zurich, Switzerland. This meeting served as a workshop in a niche area as well as provided several networking opportunities.

WSG IBA European M&A Luncheon 2024

08 February 2024Paris, France
World Services Group invited members to a WSG Networking Luncheon. This networking event was held in conjunction with the 12th IBA European Corporate and Private M&A Conference in Paris, France, and offered great networking opportunities for WSG M&A Professionals from across the network.

WSG Banking and Finance Practice Group Europe Meeting

01 - 02 February 2024Luxembourg, Luxembourg
The World Services Banking & Finance Group and host firm Arendt welcomed members to the WSG Banking and Finance Group Europe Meeting in Luxembourg. The meeting was a great opportunity for valuable networking opportunities and discussions on important topics within the industry.

Upcoming Events

WSG Tax Group Europe Meeting 2024

09 - 10 November 2024Prague, Czech Republic
The WSG Europe Tax Group invites members to its annual meeting taking place in Prague, Czech Republic. This event will be a great opportunity for members to once again meet in-person, and enjoy networking and strengthening relationships.

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WSG Energy Group Europe Meeting 2024

21 - 22 November 2024Zurich, Switzerland
World Services Group and host firm Walder Wyss Ltd. welcome members of the WSG Energy Group to attend the WSG Energy Group Europe Meeting 2024 in Zurich. The meeting will be a great opportunity for valuable networking opportunities and discussions on important topics within the industry.

Hosted By:

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