Coudert Brothers has advised L’Oreal, the world’s largest cosmetics maker, on a further Chinese acquisition. The company has purchased Yue-Sai, a Chinese make-up and skincare brand, the deal signed in Paris on 21 January. This was the second acquisition for L’Oreal in China since acquiring Mininurse, another leading Chinese cosmetics brand late last year. Jingzhou Tao, head of the team which spanned five of Coudert’s offices around the world — and managing partner at the firm’s Beijing office, said the “unique acquisition of Yue-Sai” required legal advice spanning several jurisdictions ranging from US law and Chinese law to French law, in addition to expertise from several practice areas including corporate law, intellectual property law and anti-trust law.
Linklaters has advised Barclays Bank PLC on the £357 ($863) million financing of Arsenal Football Club's new stadium, at Ashburton Grove, in London. The firm said the deal is one of the largest leisure projects in the UK to be closed in recent years and a landmark in the history of Arsenal Football Club. Linklaters advised Barclays Bank on the amendment and extension of two existing facilities provided to members of the Arsenal Group; the provision of a new working capital facility to Arsenal Football Club PLC and a further new facility to another Arsenal Group member in relation to the future redevelopment of the existing Highbury Stadium site. The firm’s team was led by asset finance partner Richard Hughes, assisted by Alexander McMyn.