At White & Case, we help clients resolve complex and consequential matters by mobilizing the right people, strategy and skills to deliver sharper insight, stronger execution and enduring results. Read about some of our top matters of 2025 to see what this looks like in practice.
Cathexis sale of Yondr positions data center company for accelerated expansion
Private investment holding company
Cathexis Holdings LP sold Yondr Group, a global developer, owner and operator of hyperscale data centers, to DigitalBridge and La Caisse for US$5.8 billion. This strategic investment positions Yondr—a key player in the digital infrastructure sector—to accelerate its expansion in strategic markets to meet surging demand for hyperscale and AI-driven data center solutions. White & Case represented Cathexis in the sale, which won “
Europe Data Center Deal of the Year—M&A” at the TMT Finance Awards EMEA in early 2026.
Blackstone-led US$7 billion investment in Port Arthur LNG phase 2 champions US LNG
A US$7 billion investment by a Blackstone Credit & Insurance–led consortium will advance the second phase of
Sempra Infrastructure Partners’ Port Arthur LNG project in Texas. Phase 2 includes two natural gas liquefaction trains, one LNG storage tank and associated facilities with a nameplate capacity of approximately 13 million tons per annum of US-produced LNG. Blackstone-managed funds, together with KKR, Apollo-managed funds and Private Credit at Goldman Sachs Alternatives, acquired a 49.9 percent minority equity interest in the project. White & Case advised Blackstone’s co-investors and lenders, demonstrating the cohesive strength of the Firm’s cross-practice capabilities.
Tamara boosts product diversification with US$2.4 billion warehouse securitization
Saudi Arabia’s first homegrown fintech unicorn, Tamara, completed
a US$2.4 billion Shari’ah-compliant asset-backed facility that will help the company expand its credit and payment products, increase its lending power and grow the platform beyond its current 20 million users. The deal—the largest limited recourse financing for a consumer fintech in the region—aligns with Saudi Arabia’s Vision 2030 and its Financial Sector Development Program. White & Case advised Goldman Sachs, Citi, ATLAS SP Partners and Apollo on refinancing the securitization.
The deal demonstrates our market-leading expertise in executing highly complex structured finance transactions in the Middle East, including transactions involving Shari’ah-compliant techniques.
Debashis Dey
Partner, Dubai
EchoStar unlocks growth with multibillion-dollar spectrum sales to SpaceX
Global telecom company EchoStar entered into two definitive agreements with SpaceX, one to sell the rocket maker its
AWS-4 and H-block spectrum licenses for US$17 billion and another, only two months later, to sell its nationwide,
unpaired AWS-3 spectrum licenses for US$2.6 billion in SpaceX stock. The deals pave the way for EchoStar to develop new business opportunities and, according to CEO Hamid Akhavan, for the creation of “powerful and economical direct-to-cell service offerings for consumers and enterprises worldwide.” White & Case advised EchoStar on both transactions.
Microsoft patent victory against WordPerfect maker secures critical protections
Microsoft won a decade-long patent battle when a US federal court dismissed software company Corel’s claims that Microsoft’s Office suite copied the “Real Time Preview” feature of its WordPerfect product. Corel had sought US$4.6 billion in damages. The outcome provides protection for a wide range of Microsoft products that had been implicated by Corel’s now-dismissed claims, including versions of Word, Excel, PowerPoint, Outlook, Visio, Publisher, Paint and WordPad that date back as far as 2007. White & Case represented Microsoft in the matter, a win that saw The American Lawyer recognize our team as Litigator of the Week and underscored the sharp commercial judgment of the litigation practice.
US$3.3 billion project financing for Taiwan wind farm expands regional industry
Danish multinational energy company Ørsted will use US$3.3 billion in project financing to fund the
632 MW Greater Changhua 2 Offshore Wind Farm, located off the coast of Changhua County, Taiwan. The project expands the offshore wind industry in Taiwan, and more broadly in Asia-Pacific. White & Case advised five export credit agencies and 25 commercial lenders, including international, domestic and Taiwan state-owned banks, on the financing, making it the seventh successfully closed Taiwanese offshore wind project on which we have advised.
This achievement further cements White & Case's reputation as the preeminent legal adviser in the Asia-Pacific offshore wind sector and demonstrates our team's capability to deliver complex and innovative transactions.
Brendan Quinn
Partner, Melbourne
Toshiba defeats securities class action lawsuit with global implications
In a US securities class action lawsuit, purchasers of various Toshiba securities sought US$1 billion in damages from the Japanese multinational company for its alleged accounting missteps in Japan. After years of litigation, a US federal appeals court upheld a lower court’s denial of class certification and dismissal of all claims.
Toshiba’s groundbreaking victory undermines efforts by the plaintiffs’ bar to expand securities class action lawsuits in US courts against non-US companies, particularly many issuers whose stock is referenced in unsponsored American Depositary Receipts. White & Case represented Toshiba in this multiyear, business-critical litigation.
US$20 billion in funding throws lifeline to Ukraine
Ukraine received a
crucial US$20 billion loan from the United States as part of the G7’s US$50 billion Extraordinary Revenue Acceleration (ERA) Loans Initiative. The funds, held by a World Bank account, will support Ukraine’s military, budget, humanitarian and reconstruction needs. Uniquely, Ukraine won’t repay the loan, but repayment will come instead from profits on frozen Russian assets, and potentially future war reparations. The initiative ensures that Russia, not Ukraine’s allies, bears the financial burden of the invasion. White & Case represented Ukraine in this transaction, earning the Firm an “Unlocking Capital” win at the 2025 FT Innovative Lawyers Awards Europe, an honor that highlights how our global platform and deep industry knowledge deliver exceptional results for our clients.
Regeneron victorious in antitrust trial showdown with cholesterol drug rival Amgen
In a
victory for biotech innovation and patient access to life-saving treatments, a US federal court jury ruled that pharmaceutical giant Amgen violated antitrust and tort laws by creating a “bundling” scheme that improperly leveraged its portfolio of drugs to convince pharmacy benefit managers to select its cholesterol medication Repatha over Regeneron’s cholesterol medication Praluent. This anticompetitive practice shut out an innovative therapy for patients from the PCSK9 marketplace, without basis in clinical merit or price. The jury awarded Regeneron more than US$405 million in damages. White & Case represented Regeneron in this lawsuit, another AmLaw Litigator of the Week-winning matter that showcases the Firm’s strength in complex, high-stakes disputes.
The case was not just about two pharmaceutical companies in a commercial dispute. It was really about the healthcare system in this country and how to preserve the integrity and fairness of the critical, and not widely known, part of the system that impacts the cost of medications.
Jonathan Polkes
Partner, New York
Nomura’s acquisition of Macquarie asset management business expands global reach
Nomura acquired Macquarie’s US and European public asset management business for US$1.8 billion in an all-cash transaction. The deal will boost assets under management in Nomura’s Investment Management Division to approximately US$770 billion and expand its client base outside Japan to more than 35 percent. This strategic acquisition
positions Nomura for accelerated global growth and strengthens its presence in key international markets. White & Case advised Nomura on the deal, whose success underscores our track record of delivering transformative M&A outcomes.
Shutterstock and Getty merge to create US$3.7 billion visual content leader
Shutterstock agreed to merge with Getty Images, creating a
premier visual and audio content company valued at approximately US$3.7 billion. The combined company, of which Shutterstock shareholders will own approximately 45 percent, will offer customers a world-class content library and enhanced opportunities for contributors. This strategic merger, which has been subject to detailed antitrust scrutiny in the US and UK, strengthens the company’s financial position, enabling greater investment in product innovation in this dynamic technology market. White & Case advised Shutterstock on the transaction.
Qatar-led consortium’s US$7 billion investment powers Syria’s energy transformation
A Qatar-led consortium signed first-of-their-kind investment and power purchase agreements, worth US$7 billion, with Syria to develop
eight new power plant projects across the country—a crucial step in Syria’s infrastructure recovery plan. The signing is a milestone in the rehabilitation and modernization of Syria’s electrical-generation infrastructure and marks the first major international integrated public-private partnership in the country’s energy sector. White & Case represented the investor consortium on this landmark matter, which included Qatar’s UCC Holding, Türkiye’s Kalyon G.I.S. Energy and Cengiz Energy, and US-based Power International.
These transformative projects demonstrate our deep commitment to advising on complex, high-impact developments in Syria and the region, underscored in this case by the strategic participation of Qatari and Turkish investors.
Charbel Abou Charaf
Partner, London
© GettyImages
Close-up of colorful neon lights
