Law Firm News

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Law Firm News

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Paul, Hastings, Janofsky & Walker LLP

Paul Hastings Recognized For Groundbreaking Deals in Asia
The innovative and groundbreaking work of Paul Hastings' Asia offices on several 2006 deals has been recognized by three Asian business publications: Asian-Counsel, The Asset and FinanceAsia.

Paul Hastings received Asian-Counsel's "Deal of the Year 2006" award for its work in several landmark deals including: the firm’s representation of Wal-Mart in the sale of its South Korean retail operation and for the firm’s representation of Japan Bank for International Cooperation (JBIC) in its financing of the Tangguh LNG project, and the Vodafone/Softbank deal. Paul Hastings received an "Honourable Mention" for its representation of Sumitomo Corporation and Sumitomo Corporation (China) Holding Ltd. (Sumitomo), Japan’s third largest trading company, in the acquisition of shares in Henan Topfond Pharmaceutical Co., Ltd., one of China’s largest State-owned pharmaceutical companies. These awards will appear in the Jan/Feb 2007 issue of Asian Counsel.

Paul Hastings role in the Stanchart CMBS transaction was recognized in The Asset’s "Best Cross-Border Securitization" deal.

In addition, Paul Hastings was recognized by FinanceAsia as the "Best REIT Deal of Year" for its representation of CapitaLand Limited and CapitaRetail China Trust Management Limited on the S$250 million (approximately US$162.6 million) initial public offering of the CapitaRetail China Trust real estate investment trust.

Recognition of our work in Asia by these publications is a significant achievement that demonstrates the depth of our corporate finance-related practice across Asia and our broad capabilities in securitization, leveraged finance, M&A, real estate finance/ECM, and project finance.

12-21-2006

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Fennemore Craig, P.C.

Fennemore Craig Attorneys Susan Wissink And Cynthia Shupe To Present At Arizona Women Lawyers Association Seminar
Susan Wissink and Cynthia Shupe, directors in the Fennemore Craig law firm, will be speakers at “101 Secrets to Success For Women in Private Practice,” a seminar for attorneys presented by the Arizona Women Lawyers Association (AWLA). Wissink will participate on a panel titled “Partnership & Other Options” and “Interviewing & Negotiating for a Position.” Shupe will be on a panel titled “Going to Disneyland Without a Blackberry?: Balancing Your Life.”

The AWLA seminar takes place 8 a.m. to 4 p.m., Saturday, January 27 at Arizona State University’s Sandra Day O’Connor College of Law. The seminar, which features panels on different topics throughout the day, is open to law students and those who have graduated law school within the past five years.

12-21-2006

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Buchanan Ingersoll & Rooney PC

Litigation Attorney Andrew Lippstone Quoted in The New York Times
Attorney Andrew H. Lippstone was quoted in the December 20, 2006, edition of The New York Times in an article titled "ADVO and Valassis to Merge After All." Lippstone is an associate in Buchanan Ingersoll & Rooney's Wilmington office, where he practices in the areas of land use and real estate, as well as corporate and commercial litigation.

The article discusses the impending merger of Valassis Communications, a provider of newspaper inserts, and ADVO, a direct-mail marketer best known for its "Have You Seen Me?" postcard campaign to locate missing children.

The two companies agreed to a merger in July 2006, but in September, Valassis filed suit in Delaware Chancery Court, seeking to back out of the agreement and claiming that ADVO had misrepresented its finances. ADVO countersued, asking the court to enforce the merger.

The case has been watched closely by arbitragers and those in the legal community. Lippstone, who has monitored the trial, told the Times that many of the arbitragers attending the trial appeared to represent funds hoping to take a "significant short-term position to capitalize on the expected fluctuations caused by the litigation.

12-21-2006

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Sullivan, Hill, Lewin, Rez & Engel

Christopher Hawkins Elected to Board of Directors of San Diego Bankruptcy Forum
Christopher Hawkins was elected to a three-year term on the Board of Directors of the San Diego Bankruptcy Forum. Mr. Hawkins is an associate in the firm’s commercial insolvency and financial transactions practice groups. The San Diego Bankruptcy Forum is a non-profit organization of professionals working in the areas of bankruptcy and insolvency. Its membership includes attorneys, accountants, trustees, bankers, real estate professionals, auctioneers, appraisers, consultants and others involved in the bankruptcy and insolvency process. The Bankruptcy Judges and the United States Trustee for the Southern District of California are ex officio members of the Board of Directors.

12-21-2006

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Richman, Greer, Weil, Brumbaugh, Mirabito & Christensen, P.A.

Jay White elected without opposition as President-elect Designate of The Florida Bar for 2007
The firm is proud to announce that John (“Jay”) G. White, III was elected without opposition as President-elect Designate of The Florida Bar. Jay will be sworn in as President-elect at The Florida Bar’s annual meeting in June 2007 in Orlando, Florida, and will be sworn in as President in June 2008. Jay is also a past president of the Palm Beach County Bar Association.

Jay represents the fourth member of the firm to serve as president of the Florida Bar.

12-21-2006

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Groom Law Group, Chartered

DOL, Treasury & HHS issue final HIPAA Wellness Program Rules
the Departments of Labor, Treasury, and Health and Human Services (the "Departments") issued final HIPAA nondiscrimination and wellness program regulations. 71 Fed. Reg. 75014. The Departments had issued interim final nondiscrimination rules and proposed bona fide wellness program rules in 2001. 66 Fed. Reg. 1378 (Jan. 8, 2001) (nondiscrimination); 66 Fed. Reg. 1421 (Jan. 8, 2001) (wellness). The new rules apply to "group health plans" under HIPAA and are applicable to plan years beginning on or after July 1, 2007 (January 1, 2008 for calendar year plans).

The final wellness program rules retain the same overall structure of the proposed rules, but add an additional factor that wellness programs must meet to be permissible, add more examples to demonstrate programs that meet the requirements, and clarify when a program is subject to these rules. The new rules also drop the term "bona fide" and simply refer to these arrangements as "wellness programs." In addition, the Departments say that, while they had taken a nonenforcement approach until additional guidance could be issued, this nonenforcement policy "ends upon the applicability date of these final regulations.

12-21-2006

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Groom Law Group, Chartered

DOL, Treasury & HHS issue final HIPAA Nondiscrimination Rules
the Departments of Labor, Treasury, and Health and Human Services (the "Departments") issued final HIPAA nondiscrimination and wellness program regulations. 71 Fed. Reg. 75014. The Departments had issued interim final nondiscrimination rules and proposed bona fide wellness program rules in 2001. 66 Fed. Reg. 1378 (Jan. 8, 2001) (nondiscrimination); 66 Fed. Reg. 1421 (Jan. 8, 2001) (wellness). The new rules apply to "group health plans" under HIPAA and are applicable to plan years beginning on or after July 1, 2007 (January 1, 2008 for calendar year plans).

The final nondiscrimination rules generally restate the interim final rules, but clarify questions that plans had asked regarding source-of injury exclusions, carryovers under health reimbursement arrangements (HRAs), the interaction of state extension of benefits laws with HIPAA's nonconfinement rule, and the interaction of HIPAA's rules with other federal laws, such as the ADA. The Departments also finalized the proposed wellness program rules and added new requirements for wellness programs to be permissible under the HIPAA nondiscrimination rules.

12-21-2006

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