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Paul, Weiss Recognized in The American Lawyer for Chinese-Canadian Transactions
- Awards
- November 5, 2010
In the November issue of The American Lawyer, the "Canada Report" reviews notable Chinese company acquisitions of Canadian energy and mining companies, highlighting two Paul, Weiss transactions.
Noted for its role in China National Petroleum Corporation's (CNPC) 2005 acquisition of PetroKazakhstan for $4.2 billion, Paul, Weiss advised PetroKazakhstan on one of the most successful overseas acquisitions by a Chinese company. The Paul, Weiss team that provided U.S. securities and tax advice to PetroKazakhstan included corporate partners Mark Bergman and Ted Maynard; and tax partners Peter Rothenberg and David Sicular.
Also recognized was Paul, Weiss's 2009 representation of Teck Resources Limited (Teck) when it agreed to sell a 17.2 percent stake to China Investment Corporation. The $1.72 billion private placement with the $300 billion Chinese sovereign wealth fund was the largest private placement to date by a Chinese entity in Canada. The Paul, Weiss team that served as U.S. counsel to Teck included corporate partners Matthew Abbott and Ted Maynard.