Last year, Hughes Hubbard’s litigators scored a groundbreaking verdict in a crypto fraud trial, a rare summary arbitration award for a global esports company and an appellate victory in claims surrounding the liquidation of Lehman. The firm also delivered wins for an energy provider, an international university, a liquor importer and an auction house.

Jury Verdict at Crypto Fraud Trial

Hughes Hubbard won a groundbreaking jury verdict for a former Wall Street executive embroiled in a class action over an alleged multimillion-dollar cryptocurrency Ponzi scheme. Read More

Rare Summary Arbitration Award for Global Esports Company

HHR scored a complete arbitration victory for FaZe Clan when an ICDR arbitrator issued a partial final award dismissing all claims by two venture firms seeking compensation for introducing the esports company to an investment broker. The award marked a rare pre-hearing victory on a Rule 33 dispositive motion. Five days later, the claimants sought to vacate the decision, but the arbitrator rejected their application on procedural grounds. Read More

Lehman Team Triumphs in 2d Circuit Appeal on Compensation Claim

In the final claims dispute in the liquidation of Lehman Brothers Inc., HHR secured an appellate victory when the Second Circuit affirmed two lower court rulings in favor of the trustee’s treatment of more than $300 million in deferred compensation claims. Read More

Appellate Victory for Dutch Firm in Fraud Case

HHR secured an appellate victory for Dutch hedge fund Palladyne International Asset Management when the U.S. Court of Appeals for the Second Circuit upheld the dismissal of a fraudulent inducement lawsuit brought by one of its former executives.  Read More

2d Circuit Affirms Dismissal of Disability Discrimination Suit

The firm obtained an appellate victory for American University of Antigua and Manipal Education Americas when the Second Circuit affirmed a New York federal court ruling dismissing a disability discrimination suit brought by a medical student over her academic dismissal from AUA.  Read More

Critical Ruling for Syracuse Mountains in PDVSA Bond Case

HHR scored an important victory for Syracuse Mountains Corporation by defeating a motion to dismiss a breach-of-contract lawsuit against Venezuelan state-owned oil and gas company Petróleos de Venezuela S.A. (PDVSA) brought by Syracuse over defaulted principal and interest payments on $376 million worth of bonds.  Read More

Confirmation of Arbitral Award for Mystique

The firm served up a decisive victory for U.S. liquor importer Mystique Brands when a New York federal judge confirmed a nearly $2 million arbitration award of attorney fees against French cognac distiller Cognac Ferrand SAS.  Read More

Delivering Finishing Touch for Phillips Auctioneers

In a decisive victory for longtime client Phillips Auctioneers, Hughes Hubbard defeated a lawsuit brought by a China-based art collector alleging that the international auction house breached the parties’ settlement agreement. Read More

Sellas Defeats Investors’ Securities Fraud Suit

Hughes Hubbard achieved a major victory for Sellas Life Sciences Group when a New Jersey federal judge dismissed a proposed class action lawsuit against its predecessor company, Galena Biopharma, over alleged misrepresentations regarding its fentanyl-based painkiller drug Abstral.  Read More

Successful Defense of Lutron Against Preliminary Injunction Bid

HHR successfully defended Lutron Electronics Co. Inc. against claims for alleged infringement of U.S. Patent No. 10,822,872, when an SDNY judge held that the asserted claims were likely invalid and thus did not support a preliminary injunction against continued sales of Lutron PALLADIOM® window shade products. Read More

Appellate Victory for CoorsTek Bioceramics

The firm won another victory on the merits for CoorsTek Bioceramics when the Paris Court of Appeal, acting as an EU trademark court, confirmed a lower court decision that paves the way for the medical device manufacturer to offer pink hip implants in Europe. Read More

Rare Release of OFAC-Blocked Funds for LatAm Client

The firm provided counsel to a Latin American client throughout its successful two-year quest to unblock from OFAC restrictions millions in funds from a key account. Read More

Lehman Team to Distribute Final Payout of $269M to Unsecured Creditors

Hughes Hubbard’s Lehman team received court approval to make an eighth and final incremental distribution to general unsecured creditors (GUCs) of the failed brokerage firm, bringing their total recovery to approximately 41.25 percent of what was owed. The team also received approval of a voluntary supplemental distribution available to substantially all of LBI’s GUCs. Read More

Acquittal for Former French PM in Corruption Trial

HHR Paris won an acquittal for Edouard Balladur before the Court of Justice of the Republic in the former French prime minister’s trial over allegations that he financed his 1995 presidential campaign with illegal kickbacks from international arms deals. Read More

SKAT Settles Claims With Pension Plan

The firm assisted the government of Denmark in reaching settlements with a U.S. pension plan as part of an ongoing effort to recover $2.1 billion stolen in an international tax-refund scam. In January 2021, U.S. District Judge Lewis Kaplan approved dismissal of the Danish Tax Agency’s dispute with Tveter LLC Pension Plan and its representative, Christopher Nowell. The Danish Tax Agency, or Skatteforvaltningen (SKAT), announced in a one-page filing that it would drop its claims against the two for allegedly applying for at least $470,000 in tax refunds for shares in Danish companies that they didn’t own. Read More

Nikola Founder Fights Fraud Charges

In a case receiving national media coverage, including the covers of the NYT and WSJ, the firm represented Nikola founder Trevor Milton in parallel DOJ and SEC actions alleging wire fraud and securities fraud related to the startup truck maker. Milton pleaded not guilty to criminal charges of misleading investors about Nikola’s technology for battery-electric and hydrogen fuel cell vehicles.

Hughes Hubbard continues to be a leading firm for special purpose acquisition company (SPAC) mergers. Last year, in addition to working on the world’s biggest SPAC deal to date, our lawyers advised on multibillion-dollar deals involving a major sports e-commerce platform, a global technology company, the world’s largest owner of bowling centers and much more. Our M&A team also brought in big-name acquisitions for non-SPAC clients such as Roku and Infosys, and received The Deal’s Financial Services Deal of the Year award.

Grab Goes Public in World’s Biggest SPAC Deal

Hughes Hubbard acted as legal advisor to Grab Holdings Inc. in its merger with Altimeter Growth Corp., a special purpose acquisition company, that took Southeast Asia’s leading super app public in the largest SPAC merger ever, ascribing to Grab a pro-forma equity value of approximately $39.6 billion. Read More

Starboard SPAC’s $3.4B Merger With Cyxtera

The firm served as legal advisor to an affiliate of Starboard Value in a merger between the activist investor’s recently launched special purpose acquisition company and Cyxtera Technologies Inc. that took the data center provider public. Read More

Aeon in $3.2B De-SPAC Merger for Sports E-Commerce Platform Signa

Hughes Hubbard advised Japanese retailer Aeon, a significant shareholder of Signa Sports United GmbH, in Signa’s merger with special purpose acquisition company Yucaipa Acquisition Corp., a move that took the sports e-commerce platform public on the New York Stock Exchange.

Isos in $2.6B SPAC Merger With Bowlero

HHR acted as legal advisor to SPAC Isos Acquisition Corp. in its $2.6 billion IPO merger with Bowlero Corp. that took the world’s largest owner and operator of bowling centers public. Read More 

Cantor Fitzgerald SPAC’s $2.1B Merger with Rumble

Hughes Hubbard is acting as legal advisor, along with Bennett Jones, to CF Acquisition Corp. VI (CFVI), a special purpose acquisition company sponsored by New York investment firm Cantor Fitzgerald, in a pending merger with Rumble Inc. that will take the Canadian neutral video platform public. Read More

Kensington Capital’s $1.5B SPAC Merger With Wallbox Chargers SL

HHR served as legal advisor to special purpose acquisition company Kensington Capital Acquisition Corp. II in its merger with Wallbox Chargers SL, which took the Spanish electric-vehicle charger maker public. Read More

CF Finance Acquisition Corp. II in $2B Merger with AEye

HHR advised CF Finance Acquisition Corp. III, a SPAC sponsored by Cantor Fitzgerald, in a $2 billion merger with AEye that took the lidar sensor maker public. Read More

Wipro’s $1.45B Acquisition of British Consultancy Firm

Hughes Hubbard advised global information technology company Wipro in its acquisition of British tech consultancy firm Capco for $1.45 billion. Read More

CF Acquisition Corp. V’s $850M Merger with Satellogic

HHR represented CF Acquisition Corp. V, a SPAC backed by Cantor Fitzgerald in a $850 million IPO merger with Satellogic that took the satellite earth imagery provider public. Read More

Roku’s Strategic Alliance With Nielsen

Hughes Hubbard advised Roku, Inc. on its deal to acquire Nielsen’s advanced video advertising business. Read More

Cantor Fitzgerald SPAC’s Merger With View

Hughes Hubbard acted as legal advisor, along with Ellenoff Grossman & Schole, to CF Finance Acquisition Corp. II, a special purpose acquisition company sponsored by New York investment firm Cantor Fitzgerald, in a merger with View Inc. The deal, which closed in 2021, took the Silicon Valley-based smart window company public. Read More

Infosys’ $125M Acquisition of Blue Acorn iCi

Hughes Hubbard served as legal advisor to global information technology leader Infosys in its $125 million acquisition of digital services and consulting agency Blue Acorn iCi, in a deal that closed in 2021. Read More

Greenbriar’s Sale of Nordco

HHR advised Greenbriar Equity Group and Nordco in Greenbriar’s sale of the railroad maintenance equipment supplier to Wabtec Corp., a global railroad equipment manufacturer. Read More

Tao Group’s Combination With Hakkasan

Hughes Hubbard advised Tao Group Hospitality in a deal to acquire majority control of Hakkasan Group, creating a premium hospitality powerhouse that includes a global portfolio of brands and properties. Read More

$2.5B Deal to Go Private for Santander’s Auto Lending Unit

Hughes Hubbard acted as legal counsel to Santander Consumer USA Holdings Inc. in its sale to parent company and majority shareholder Santander Holdings USA Inc., which took the Dallas-based auto lending and consumer finance company private. Read More

In a year when the world grappled with uncertainty, Hughes Hubbard’s global team of investigations attorneys shepherded dozens of clients through matters of existential importance, just as we have for many decades.

Deep Technical and Cross-Agency Experience for Sophisticated, Global Organizations

The organizations, boards of directors and individuals we advise rely on Hughes Hubbard to conduct investigations that uncover latent risks, lay bare the extent of any alleged wrongdoing and inform their responses to government investigations. Our attorneys’ work also empowers companies to verify compliance with internal policies, global standards and post-resolution obligations.

Although the majority of the group’s work is sensitive and confidential, recent matters we are able and proud to share include:

Multiple MDB Monitorships

HHR served as the compliance monitor for three separate companies in connection with multilateral development bank debarments of those companies. The HHR teams involved are responsible for evaluating the companies’ implementation of their compliance programs and controls to ensure consistency with international standards and recommending enhancements where necessary. Upon implementing the recommendations provided by the HHR team, the World Bank recently released one of the companies from debarment.

American Lawyer Recognizes Hughes Hubbard Investigations Prowess

HHR was honored with the 2021 “Best Provider Collaboration” award by the American Lawyer for its role on the “Virtual Law Firm” team that assisted Airbus in the investigation and resolution of allegations of bribery and other offenses in 16 countries.

Global Investigations and Compliance Reviews for Supermajor Energy Company

The firm conducted investigations into various allegations of misconduct, and assisted the company in conducing assessments of its compliance with international anti-corruption compliance, anti-money laundering, human rights and social and environmental standards, as well as international economic sanctions and export control regimes.

In-Depth Investigations for Luxury Goods Company

The firm completed a global proactive investigation and in-depth assessment of the human rights and environmental risks faced by a world-leading luxury goods company.

Internal Review and SEC Investigation

HHR assisted the audit committee of an energy services company in a review of internal and disclosure controls and successfully negotiated a favorable settlement with the SEC related to identified control failures.

Representation in Parallel DOJ and CFTC Investigations

HHR is representing a prominent Mexican businessperson concerning the DOJ and CFTC’s worldwide parallel investigations into a multinational oil and gas commodities trading company for alleged FCPA, market manipulation and insider trading violations.

Rare Release of OFAC-Blocked Funds for LatAm Client

The firm provided counsel to a Latin American client throughout its successful two-year quest to unblock from OFAC restrictions millions in funds from a key account. Read More

Multi-Jurisdictional Investigations for Large Retailer

The firm conducted multi-jurisdictional investigations into allegations of corruption, fraud and anti-trust violations for a large retail company.

From the largest-ever airline debt financing for United, to a first-of-its-kind financing for aircraft servicer Griffin, to Hawaiian’s $1.2B bond offering, Hughes Hubbard maintained the lead in aviation finance that’s made the firm a perennial winner of Airfinance Journal’s Deal of the Year awards. The firm’s corporate department also worked on a major IPO and first-of-their-kind financings for a number of countries.

United Airlines’ $10.75B Debt Financing, the Largest Ever

HHR represented United Airlines, Inc. in a $10.75 billion debt financing secured by liens on the company’s international route authorities, take-off and landing slots and airport gate leaseholds. This is the largest debt financing by an airline in history. Read More

Coupang’s $4.6B IPO, Biggest in US in 2021

HHR acted as legal advisor to Coupang in the South Korean e-commerce giant’s nearly $4.6 billion initial public offering on the New York Stock Exchange.

Griffin JV’s $1B First-of-Its-Kind Financing

Hughes Hubbard acted as legal advisor to joint venture partners Griffin Global Asset Management LLC and Bain Capital Credit L.P. in a five-year, $1 billion senior secured warehouse facility. Read More

Green-Linked Loan for Global Paper Giant

The firm served as counsel to BNP Paribas as administrative agent and a syndicate of 10 banks in a $1.57 billion credit facility structured as a sustainability-linked loan for the European unit of Brazilian pulp and paper company Suzano.

Banks’ $2B Loan to Special Purpose Borrower of AerCap for Acquisition of GECAS Fleet

HHR represented the arrangers, lenders and agents, which included Citibank, N.A. and Goldman Sachs USA, as joint mandated lead arrangers and structuring agents and joint bookrunners, for a $2 billion senior secured credit facility to Setanta Aircraft Leasing DAC, a special purpose borrower of the AerCap Holdings Group.

Côte d’Ivoire’s Financing and Construction of First Biomass Power Plant

HHR is advising the Republic of Côte d’Ivoire on the financing of the construction and operation of the country's first biomass plant, the country's first and West Africa's largest biomass power plant. Our advice includes negotiating with the banks the direct agreement with the State, setting out the terms of the relationship between the banks and the State for the duration of the project. Read More

Hawaiian Airlines’ $1.2B Bond Offering

The firm represented Hawaiian Airlines Inc. in its $1.2 billion bond offering amid the company’s recovery from the pandemic.

Argentina’s Largest Private Fundraising Round Ever

HHR served as legal counsel to Latin American fintech Ualá in a new round of preferred equity financing for its financial services app. Read More

Blackbird Capital II in a $745M Aircraft Asset-Backed Notes Offering

HHR represented aircraft lessor Blackbird Capital II in a $745 million aircraft asset-backed notes offering. Read More

Paraguay State Bank’s First International Funding

Hughes Hubbard represented Paraguay’s state-run Banco Nacional de Fomento in its first U.S. dollar funding from international financial markets. Read More

Warehouse Financing for GECAS (now AerCap) and PIMCO Aviation Leasing Platform

Hughes Hubbard advised Goldman Sachs as lead structuring agent in connection with a new revolving warehouse credit facility that will provide financing to a joint venture of GECAS (now AerCap) and PIMCO for the purpose of acquiring and leasing aircraft.

West African Cotton Ginnery’s International Financing

HHR’s Paris team represented West African cotton company Société d'égrenage de Coton, or the Society for the Development of Cotton, in negotiation and documentation of an €80-million pre-export financing. Sodeco will use the proceeds for the financing of its 2021-2022 cotton season. The firm helped establish local collateral security agreements subject to the OHADA (Organization for the Harmonization of African Business Law) Uniform Act regulating securities.

This past year, Hughes Hubbard attorneys served leading roles in many of the largest and most complex pending bankruptcy cases, many of which were caused by, and involve unique challenges relating to, the ongoing pandemic.

Mexican Flag Carrier Airline Chapter 11

Hughes Hubbard continued its ongoing representation of Delta Air Lines in Aeroméxico’s multi-billion dollar chapter 11 cases. During the chapter 11 case, Delta was the majority equity holder of Aeroméxico, as well as being an important strategic partner in Aeroméxico’s reorganization plan.

Resolution of Historic Tort Liabilities

The firm has been serving as counsel to French mining company Imerys S.A. in effectuating a negotiated settlement between the company, its debtor subsidiaries and current and potential personal injury claimants. Once approved, the settlement will fully resolve Imerys’ historic tort liability related to its mining and sale of talc, including as a supplier to Johnson & Johnson for its baby powder.

Chapter 11 Plan of Liquidation Approval

HHR continues to represent DNB Bank ASA and Skandinaviska Enskilda Banken AS as co-lenders under a term credit facility with marine drilling service company Hermitage Offshore Services LTD. The lenders negotiated a chapter 11 plan of liquidation with the debtors providing for further cash payments, which the U.S. Bankruptcy Court approved in June. HHR also served as special counsel to DNB as a member of the Official Committee of Unsecured Creditors of Valaris plc, a London-based offshore drilling contractor.

Lehman Team Triumphs in 2d Circuit Appeal on Compensation Claim

In the final claims dispute in the liquidation of Lehman Brothers Inc., HHR secured an appellate victory when the Second Circuit affirmed two lower court rulings in favor of the trustee’s treatment of more than $300 million in deferred compensation claims.

This was the latest in a string of successes for our decade-long representation of the trustee in the liquidation of the largest bankruptcy in history. The Lehman Brothers Inc. estate was the largest of all worldwide Lehman insolvency proceedings by assets distributed, which totaled more than $123 billion. Read More

Complex Cross-Border Airline Bankruptcies

The firm continues to represent Wells Fargo in the LATAM, Norwegian, Hainan Philippine and Avianca airline bankruptcies. Wells Fargo is an indenture/security trustee for 19 secured financing facilities totaling approximately $3.3 billion used to fund the purchase of aircraft, and owner trustee for approximately 90 separate transactions. HHR has implemented strategies that have protected note holder recoveries, providing full and timely payments on a current basis.

Administering Approximately $2B in Claims

HHR is responsible for administering approximately $2 billion in claims as post-effective date counsel to Cenveo in its chapter 11 cases. Last year, the firm also advised Cenveo as a creditor and a member of the creditors’ committee in Country Fresh’s bankruptcy proceedings. This cross-border case involved U.S. and Canadian asset sales, and involved complex issues relating to the treatment of suppliers of fruits and vegetables under the Perishable Agricultural Commodities Act.

Administering More Than $1.1 Billion and Processing More Than 700,000 Claims

The firm served as general counsel to one of the first Bankruptcy Code 524(g) trusts, Eagle Picher, in the successful conclusion of litigation related to the Trust’s potential liability arising out of Eagle Picher’s involvement in the lead paint and pigment industry – a multi-hundred million dollar issue that could have resulted in the creation of an entirely new trust. The Trust also remained largely out of several litigation frays involving novel state laws related to asbestos liability and contentious bankruptcy proceedings involving talc and asbestos.

Hughes Hubbard continues to be a top firm for arbitration and cross-border cases. Our lawyers recently obtained complete victories in complex arbitrations for Mystique Brands against a French cognac distiller, for Global Gaming Asset Management in Singapore’s highest court and for FaZe Clan in a rare pre-hearing Rule 33 victory. The firm also worked with the government of Denmark in reaching settlements in a U.S. court regarding an international tax-refund scam, and served as independent monitor for companies sanctioned by the World Bank.

Confirmation of Arbitral Award for Mystique

The firm served up a decisive victory for U.S. liquor importer Mystique Brands when a New York federal judge confirmed a nearly $2 million arbitration award of attorney fees against French cognac distiller Cognac Ferrand SAS. Read More

Victory for Casino Operator in Singapore Court

In a conclusive triumph, HHR brought good fortune to Global Gaming Asset Management when Singapore’s highest court upheld a final arbitration award of $296 million issued in 2019 to the Las Vegas-based casino operator in its decade-long dispute with a premier gaming resort owner in the Philippines. Read More

Rare Summary Arbitration Award for Global Esports Company

HHR scored a complete arbitration victory for FaZe Clan when an ICDR arbitrator issued a partial final award dismissing all claims by two venture firms seeking compensation for introducing the esports company to an investment broker. The award marked a rare pre-hearing victory on a Rule 33 dispositive motion. Five days later, the claimants sought to vacate the decision, but the arbitrator rejected their application on procedural grounds. Read More

Delivering Finishing Touch for Phillips Auctioneers

In a decisive victory for longtime client Phillips Auctioneers, Hughes Hubbard defeated a lawsuit brought by a China-based art collector alleging that the international auction house breached the parties’ settlement agreement. Read More

SKAT Settles Claims With Pension Plan

The firm assisted the government of Denmark in reaching settlements with a U.S. pension plan as part of an ongoing effort to recover $2.1 billion stolen in an international tax-refund scam. In January 2021, U.S. District Judge Lewis Kaplan approved dismissal of the Danish Tax Agency’s dispute with Tveter LLC Pension Plan and its representative, Christopher Nowell. The Danish Tax Agency, or Skatteforvaltningen (SKAT), announced in a one-page filing that it would drop its claims against the two for allegedly applying for at least $470,000 in tax refunds for shares in Danish companies that they didn’t own. Read More

Independent Monitor for a $130 Billion Company Sanctioned by the World Bank for Fraud

HHR is serving as the appointed independent monitor for a $130 billion company sanctioned by the World Bank for fraud in 2019. HHR assessed the company’s efforts to establish an integrity compliance program through its 700+ subsidiaries and more than 100,000 employees.

Compliance Monitor for a State-Owned Engineering Company

HHR is also serving as the independent compliance monitor for a state-owned engineering company sanctioned by the World Bank for fraud in 2020. In this role, the HHR team is focusing on the company’s efforts to improve its bidding controls and meet its other obligations under a settlement agreement with the World Bank.

Arbitration Win for Pharmaceutical Company

Hughes Hubbard achieved complete victory on behalf of a European pharmaceutical company in an International Centre for Dispute Resolution arbitration arising out of a joint development and collaboration agreement concerning a multi-billion-dollar drug sold worldwide.

Establishment of the Epstein Victims’ Compensation Program

The firm represented one of the co-executors of the Estate of Jeffrey Epstein in the design and implementation of a widely heralded victim compensation fund operating across the U.S. Virgin Islands, France and the mainstream U.S. The Epstein Victims’ Compensation Program permitted sexual abuse victims of Mr. Epstein to participate in a voluntary, confidential, non-adversarial alternative to litigation. The program, which distributed over $120 million to victims, was designed to provide compensation to victims in a manner sensitive to their experiences and concerns while treating them with compassion, dignity and respect.

Hughes Hubbard has maintained the reputation that saw one of our Paris partners named among the most influential business lawyers in French-speaking Africa by Jeune Afrique last year. Our work in the region included financings for major Côte d’Ivoire power plants, alongside representing exporters of cotton and cocoa.

Côte d’Ivoire’s Financing and Construction of First Biomass Power Plant

HHR is advising the Republic of Côte d’Ivoire on the financing of the construction and operation of the country's first biomass plant, the country's first and West Africa's largest biomass power plant. Our advice includes negotiating with the banks the direct agreement with the State, and setting out the terms of the relationship between the banks and the State for the duration of the project. Read More

EBI’s Financing for Ivorian Cocoa Exporter

An HHR Paris team represented EBI, a French subsidiary of pan-African banking conglomerate Ecobank, and exporter Kinedin Commodities, in the negotiation of a commodity financing facility for Kinedin. The firm helped establish local collateral security agreements subject to the OHADA (Organization for the Harmonization of African Business Law) Uniform Act regulating securities.

West African Cotton Ginnery’s International Financing

HHR’s Paris team represented West African cotton company Société d'égrenage de Coton, or the Society for the Development of Cotton, in negotiation and documentation of an €80-million pre-export financing. Sodeco will use the proceeds for the financing of its 2021-2022 cotton season. The firm helped establish local collateral security agreements subject to the OHADA (Organization for the Harmonization of African Business Law) Uniform Act regulating securities.

Côte d’Ivoire’s Ayebo Power Plant

The firm advised Côte d’Ivoire on a project to design, finance, construct and operate the Ayebo biomass thermal power plant in two units, each producing twenty-three megawatts. After advising the Ivory Coast on the negotiation and finalization of the concession agreement and related documentation for the implementation of the project, the firm continued its assistance by acting on the financing of the project, and in particular the negotiation of a direct agreement with the lenders and an amendment to the concession agreement.

Côte d’​Ivoire’s Cocoa Exports

Hughes Hubbard assisted the French commodities firm Sucres & Denrées Côte d’Ivoire SA in its pre-financing facility for cooperatives and local suppliers in the West African nation's cocoa sector. Suppliers will use the proceeds of the facility to purchase the bush cocoa product and for export packaging.

Côte d’Ivoire’s Hydroelectric Scheme

HHR advised Côte d’Ivoire on a project to design, finance, construct and operate the Singrobo-Ahouaty hydroelectric scheme, with an installed capacity of 44MW.

Last year saw Hughes Hubbard grow its Asia team with the addition of new partner Christine Kang. The firm continued its top shelf work for Asian and Middle Eastern clients, including the largest SPAC deal in the world, major disputes for Japanese companies and a revolving warehouse facility for a Middle East client. The firm also continued to advise over a dozen companies operating in China on the unprecedented challenges posed by new U.S. and EU export controls and sanctions matters.

Coupang’s $4.6B IPO, Biggest in US in 2021

HHR acted as legal advisor to Coupang in the South Korean e-commerce giant’s nearly $4.6 billion initial public offering on the New York Stock Exchange.

Grab Goes Public in World’s Biggest SPAC Deal

Hughes Hubbard acted as legal advisor to Grab Holdings Inc. in its merger with Altimeter Growth Corp., a special purpose acquisition company, that took Southeast Asia’s leading super app public in the largest SPAC merger ever, ascribing to Grab a pro-forma equity value of approximately $39.6 billion. Read More

Release from World Bank Sanction for Large Chinese State-Owned Construction Company

HHR assisted a large Chinese state-owned construction company, along with over 1000 subsidiaries, in obtaining release from a sanction that had been imposed by the World Bank in June 2019. The firm successfully demonstrated that the company had implemented an effective compliance program in line with the World Bank Group Integrity Compliance Guidelines. The firm also advised the company in revisions to their compliance policies and procedures as well as their internal controls.

Victory for Casino Operator in Singapore Court

In a conclusive triumph, HHR brought good fortune to Global Gaming Asset Management when Singapore’s highest court upheld a final arbitration award of $296 million issued in 2019 to the Las Vegas-based casino operator in its decade-long dispute with a premier gaming resort owner in the Philippines. Read More

Aeon in $3.2B De-SPAC Merger for Sports E-Commerce Platform Signa

Hughes Hubbard advised Japanese retailer Aeon, a significant shareholder of Signa Sports United GmbH, in Signa’s merger with special purpose acquisition company Yucaipa Acquisition Corp., a move that took the sports e-commerce platform public on the New York Stock Exchange.

Suzhou Angela Triumphs in 9th Circuit Court of Appeals

HHR successfully defended video game company Suzhou Angela against false claims that their game Myth of Empires had copied the source code of another game. These claims had caused Myth of Empires to be removed from a major online storefront.

FCPA Compliance Monitor for Chinese Construction Company

HHR is serving as an independent compliance monitor for a Chinese construction company under a debarment imposed by the African Development Bank. The HHR team is assessing the company’s efforts to establish an integrity compliance program in China and throughout its operations abroad.

For more than 50 years, Hughes Hubbard’s Paris office has served as the hub for the firm's work in Europe, representing some of the world’s largest companies in complex matters. Last year, the Paris office won a number of court cases and continued its world-class investigations and sanctions work, which included assisting one of the largest French companies in the anti-corruption aspects of integrating a multi-billion euro acquisition.

Appellate Victory for CoorsTek Bioceramics

The firm won another victory on the merits for CoorsTek Bioceramics when the Paris Court of Appeal, acting as an EU trademark court, confirmed a lower court decision that paves the way for the medical device manufacturer to offer pink hip implants in Europe. Read More

Wipro’s $1.45B Acquisition of British Consultancy Firm

Hughes Hubbard advised global information technology company Wipro in its acquisition of British tech consultancy firm Capco for $1.45 billion. Read More

Acquittal for Former French PM in Corruption Trial

HHR Paris won an acquittal for Edouard Balladur before the Court of Justice of the Republic in the former French prime minister’s trial over allegations that he financed his 1995 presidential campaign with illegal kickbacks from international arms deals. Read More

SKAT Settles Claims With Pension Plan

The firm assisted the government of Denmark in reaching a settlement with a U.S. pension plan as part of an ongoing effort to recover $2.1 billion stolen in an international tax-refund scam. Read More

Kensington Capital’s $1.5B SPAC Merger With Wallbox Chargers SL

HHR served as legal advisor to special purpose acquisition company Kensington Capital Acquisition Corp. II in its merger with Wallbox Chargers SL, which took the Spanish electric-vehicle charger maker public. Read More

With a vast and diverse team of multilingual lawyers, Hughes Hubbard continued to serve clients across Latin America last year. This included BAC Florida Bank’s sale to Brazil’s Banco Bradesco, which garnered us a Financial Services Deal of the Year award from The Deal.

Green-Linked Loan for Global Paper Giant

The firm served as counsel to BNP Paribas as administrative agent and a syndicate of 10 banks in a $1.57 billion credit facility structured as a sustainability-linked loan for the European unit of Brazilian pulp and paper company Suzano.

Paraguay State Bank’s First International Funding

Hughes Hubbard represented Paraguay’s state-run Banco Nacional de Fomento in its first U.S. dollar funding from international financial markets. Read More

Shareholders of BAC Florida Bank in the sale of the Coral Gables- based bank to Brazil’s Banco Bradesco

Lead legal advisor to the shareholders of BAC Florida Bank in the sale of the Coral Gables-based bank to Brazil’s Banco Bradesco for at least $500 million. Read More

Paraguay’s $825.9M Bond Sale and Switch Tender Offer

HHR advised the Republic of Paraguay in a recent sovereign bond issuance and concurrent “switch” tender offer, the first one ever conducted by Paraguay.

Argentina’s Largest Private Fundraising Round Ever

HHR served as legal counsel to Latin American fintech Ualá in a new round of preferred equity financing for its financial services app. Read More

Rare Release of OFAC-Blocked Funds for LatAm Client

The firm provided counsel to a Latin American client throughout its successful two-year quest to unblock from OFAC restrictions millions in funds from a key account. Read More

Last year, Hughes Hubbard continued its staunch dedication to pro bono service, often in collaboration with the Legal Aid Society. The firm obtained green card status and asylum for those escaping oppression, worked on rent relief for vulnerable New Yorkers and contributed to Fordham Law School’s Fines and Fees report.

Green Card for Honduran Girl

After nearly five years, the firm obtained legal permanent residence for a Honduran child named Emily, who traveled to the United States to be reunited with her mother. Read More

Temporary Relief for NYC Families Struggling to Pay Rent

In response to a lawsuit recently filed by Hughes Hubbard and The Legal Aid Society, New York State temporarily loosened the eligibility requirements for New York City’s rent subsidy program. Read More

Lifeline for Haitian Asylum Seeker

Hughes Hubbard, as co-counsel with The Legal Aid Society, obtained a key ruling before a federal appellate court on behalf of a Haitian man seeking asylum in the U.S. to escape persecution in his native country. Read More

Asylum for Somali Refugee

The firm won asylum for a Somali refugee fleeing sectarian violence and the al-Shabaab terrorist group, ending his nearly five-year journey in search of safe haven. Read More

Firm Contributes to Report on Access to Justice

HHR assisted in a pro bono capacity Fordham Law School’s National Center for Access to Justice on a groundbreaking research initiative measuring the financial costs of criminal punishments across the U.S. that culminated in a recently released “Fines and Fees Index.” Read More