In Brief (March 2013)

1. Cravath Swaine & Moore has advised
media giant Time Warner on its plans
for a complete legal and structural
separation from magazine division
Time Inc. Under the terms of the deal,
the transaction will be structured as
tax free to Time Warner stockholders,
contingent on a review process by
the US Securities and Exchange
Commission.

2. Stephenson Harwood has landed a role on a
deal that has seen Airbus seal a record USD24
billion order for more than 200 passenger jets
from Indonesian low-cost carrier Lion Air.The
transaction, which comprises 234 aircraft from
the France-based planemaker, was finalised
in March at a ceremony attended by French
President Francois Hollande. Stephenson
Harwood aviation head Paul Ng advised
longstanding client Lion Air on the deal.

3. Freshfields Bruckhaus Deringer
also advised QMH Ltd. on the sale
of Queens Moat Houses Holding
GmbH (Germany), a company
holding and operating a large
portfolio of German hotels, to
Israel-based Fattal Hotel group and
further investors. The transaction
is one of the largest hotel portfolio
deals in recent years.