76
Transactions
SEPTEMBER 2014
Starlounge Sverige acquires 100% in the Italian subsidiary Starlounge Italia from PG Investments
Starlounge Sverige acquires the minority interest in the subsidiary Italian Starlounge, owned by the Italian partner PG Investments
Legal advisor to Starlounge Sverige AB:
Bettini Formigaro Pericu, in the persons of members Giovanna Giacchero and Filippo Pastorini , attended Starlounge Sverige, the Swedish company owner of the international website of gossip, in the acquisition of the minority interest in the subsidiary Italian Starlounge in Italy, owned by the Italian partner PG Investments . The transaction completes a process that began with the establishment of the Italian subsidiary and the drafting of the relevant trade agreements, in particular with the Yahoo! portal that houses, for Italy, the site Starlounge. LM
Giovanna Giacchero
This announcement appears as a matter of record only
Xi’an Aircraft, Engine Purchase Transaction with P&WC
Legal advisor to Xi’an Aircraft:
Giovanna Giacchero
Xi'an Aircraft, Engine Purchase Transaction with P&WC
On July 13, 2014, Xi’an Aircraft Industrial (Group) Company Ltd. (hereinafter referred to as “Xi’an Aircraft”) signed a package of transactional documents with Pratt and Whitney Canada (“P&WC”) on the purchase of engines from P&WC for its independently developed Modern Ark 700 (“MA700”).
MA700, a commission from Aviation Industry Corporation of China (“AVIC”), is a new-generation turboprop regional airliner. AVIC aims to break into the world’s high-end aircraft market, strengthen and expand market share and establish itself as a world’s leading manufacturer of turboprop regional airliners.
Xi’an Aircraft, an affiliate of AVIC, is a large- to medium-sized military and civil aircraft developer and manufacturer. AVIC is a state-sponsored SOE under the direct administration of SASAC. It was ranked 178th on Fortune 500 2014 list and came 6th in the subcategory of “aviation and defense”. A Dacheng team was retained by Xi’an Aircraft to assist in negotiations regarding the engine purchase. The team was led by Beijing-based senior partners Vivien Tuo and Wang Jied included partner Liu Qian, associate Wang Tong, paralegal Zhao Xiaochen, legal assistant Mi Yuan, Xi’an- based associates Zhao Wenbin, Liu Xiaoyan, Liu Suxia, Wen Junping and paralegal Wang Yaqiong. Dacheng’s legal service to Xi’an Aircraft included drafting, revising documentation, and advising on legal issues relating to the deal.
The team worked closely with the Xi’an Aircraft project team in ten-month negotiations with two suppliers before the aircraft developer stroke a deal with P&WC. The project, taking advantage of Dacheng’s Global Legal Services Network, was completed satisfactorily. LM
This announcement appears as a matter of record only
www.lawyer-monthly.com XianAircraft.indd 1
29/08/2014 14:13
Xi'an Aircraft
Starlounge Sverige
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