Press Release

White & Case Advises Chiyoda on 50:50 Joint Venture with Ezra

Global law firm White & Case LLP has advised Chiyoda Corporation on the establishment of a 50:50 joint venture with Ezra's Subsea Services business, EMAS AMC, a leading engineering, procurement, construction and installation contractor, to create EMAS CHIYODA Subsea.

The transaction, initially announced on August 27, 2015, is subject to the approval of Ezra shareholders and other conditions. It is expected to close by year-end.

The collaboration allows Chiyoda to accelerate its expansion of the Offshore & Upstream business portfolio and provides EMAS AMC the opportunity to expand its subsea-to-surface offering and provide more value to clients and partners.

Chiyoda President & CEO Shogo Shibuya said: "With the establishment of EMAS CHIYODA Subsea, we are in a position to provide comprehensive services to our clients, from early phase concept study to EPCI, throughout the life cycle of any offshore oil and gas project. Chiyoda is excited about this new opportunity and glad that we can jointly work with an excellent subsea player, EMAS AMC".

Singapore-based partner Jonathan Olier said: "The White & Case team did an excellent job combining oil & gas industry expertise with knowledge of the local markets to provide Chiyoda with a seamless, tailored approach to this transaction across our offices in Singapore, Tokyo, Hamburg, Washington, Hong Kong and Stockholm."

The White & Case team who advised Chiyoda on the transaction was led by partner Jonathan Olier (Singapore) together with partners Jun Usami, Brian G. Strawn (both Tokyo), Mark Goodrich (London/ Tokyo), Anthony Vasey (Hong Kong), Boerries Ahrens (Hamburg), Darragh Byrne (Stockholm), Noah Brumfield (Washington, DC)  and counsel Hiroshi Oda (London). They were supported by associates Joan Tan, Charles Bailey (both Singapore), Lynn Diamond (New York) and Ioannis Thanos (Hamburg).

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