The American Lawyer magazine honored White & Case four times among the winners of its fifth annual Global Legal Awards, announced on July 20. The firm was named an honoree for its work on the transactions named Global CSR Project of the Year, Global Finance Deal of the Year: Structured Finance, Global M&A Deal of the Year: Canada and Global M&A Deal of the Year: Japan.
Selected from a field of more than 200 entries, the Global Legal Awards "recognize the most significant international matters in four categories: citizenship, disputes, finance and mergers and acquisitions," according to The American Lawyer. Along with four grand prizes that have not yet been revealed, the awards will be presented at a ceremony on September 25 in New York.
The transactions for which The American Lawyer honored White & Case are described below.
Global CSR Project of the Year—Legal Ethics Training Program in Ghana
White & Case partnered with Fordham Law School’s Leitner Center for International Law and Justice to create and implement Ghana’s first legal ethics training program. Orchestrated in collaboration with the Ghana Institute of Management and Public Administration and benefitting from the participation of Ghana’s senior judiciary, the program is meant as the first step in facilitating legal ethics education in Ghana.
Global Finance Deal of the Year: Structured Finance—Crédit Agricole "Green Capital Note"
White & Case advised Crédit Agricole CIB on the issuance of Premium Green PLC’s balance sheet notes pursuant to the PREMIUM multi-issuer asset-backed medium-term note program. The transaction is a landmark US$3 billion synthetic securitization of project finance, asset finance and infrastructure loans, a first-of-its-kind “Green Capital Note” that blends best practice from capital management with the objectives of socially responsible investing.
Global M&A Deal of the Year: Canada—Fortis Inc./ITC Holdings Corp.
White & Case represented Fortis Inc., a Newfoundland-based electric and gas utility company, in its US$11.3 billion acquisition of ITC Holdings Corp., an electric transmission company operating in the Great Lakes and Great Plains regions. Following the acquisition, Fortis became one of the top 15 North American regulated investor-owned utilities by enterprise value, and had 8,000 employees serving customers at utility operations in five Canadian provinces, nine US states and three Caribbean countries.
Global M&A Deal of the Year: Japan—Tencent/Supercell Oy, SoftBank Group Corp.
White & Case represented Finland-based Supercell Oy in its sale of a US$8.6 billion majority stake to Tencent Holdings Ltd., one of China’s largest and most used internet portals, in one of the largest-ever buyouts in the gaming industry.