Baker & McKenzie’s banking and finance group acted for Kowloon-Canton Railway Corporation (KCRC) on its HK$8 ($1.4) billion multi-tranche credit facilities, which were signed on 28 September. The law firm drafted the loan agreement and the associated legal documentation. The deal was self-arranged by KCRC with 18 banks. Partner Stephen Eno, based in Bakers’ Hong Kong office, led the team acting for KCRC.

Skadden provided US tax and securities advice to Babcock & Brown Ltd (see ‘’Bakers in years biggest listing to date’Lawyers Weekly, 15 October 2004) in its IPO on the Australian Stock Exchange. At the end of the first day of trading, Babcock’s market capitalisation was estimated at $2.58 billion. The IPO raised approximately $550 million, which the company will use for further investments.

Coudert Brothers acted for Vopak Shanghai Logistics Co. on the RMB1.03 billion ($168.8 million) project financing of an integrated liquid chemical storage and logistics facility to be located at the Shanghai Chemical Industry Park in Caojing. Christopher H. Stephens, from the law firm’s Hong Kong office, led Couderts’ financing team.