Achievements

Latham & Watkins advises the businesses and institutions that power the global economy.

We bring together world-leading talent, with deep sector knowledge and experience, to make our clients’ most ambitious goals a reality. In today’s highly complex and ever-changing world, Latham stands out as a steady market leader capable of assembling at a moment’s notice the exact right team across any set of jurisdictions to seamlessly respond to and execute on client needs.

 

This broad and diversified platform helps us anticipate and address any legal or business challenge anywhere in the world – with flawless execution. With a resilient culture imbued with a spirit of teamwork and innovation, Latham’s work at the cutting edge of commercial, financial, and legal innovation helps our clients thrive.

Our Work

Pool Edge
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Internet, Digital, Data, Network, Background
Pipeline sunset.
Cybersecurity
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Sugarcane field at sunset
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solar energy panels and wind turbine,china.
Airport
the American flag attached to the American military uniform.
Computer Circuit Illuminated in Green
The light on the road at night and the city in Bangkok, Thailand.
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Fast Street Blur Speed
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Energizing Mexico
Latham’s Latin America Practice represented TC Energía Mexicana’s joint global coordinators, lead arrangers, and bookrunners in a US$2.3 billion credit facility that supports the Mexican government’s priorities to supply natural gas to the central and southeast regions of Mexico. The credit facility will go toward the development of the TGNH Southeast Gateway Pipeline, a US$4.5 billion offshore natural gas pipeline project.
Pool Edge
An Aquatic Victory
Latham litigators successfully won their motions for summary judgement on behalf of client Fédération Internationale de Natation (FINA), now World Aquatics, in a pair of high-profile antitrust lawsuits brought by the International Swimming League and a putative class of elite swimmers. Plaintiffs alleged that FINA leveraged its position as the global governing body for aquatic sports to prevent the creation of a top-tier professional swimming league. The California federal court sided with Latham’s argument that World Aquatic's governing rules and alleged conduct did not unreasonably restrain trade.
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Hong Kong Airlines Ready for Take Off
A cross-border team advised Hong Kong Airlines on its successful US$6.2 billion debt restructuring. The restructuring will restore the company to financial stability by addressing over 90% of the airline’s financial and operating liabilities, bringing in a new equity investment of HK$3 billion, and streamlining the company’s air fleet and corporate structure. This is the first time a parallel Hong Kong scheme of arrangement and UK restructuring plan have been approved by the courts in the two jurisdictions to effect the restructuring of Hong Kong, PRC, and English law-governed debts.
Film strip
Creating a Global Production Platform
A Latham global team advised leading independent premium content studio in Europe, Mediawan, in its partnership with Brad Pitt’s storied Hollywood production company, Plan B Entertainment. The deal gives Mediawan a significant stake in Plan B, expanding beyond its core European markets into the US.
Landmark Transportation Transaction
Latham advises American Triple I as part of JFK Millennium Partners’ US$4.2 billion deal to develop new international Terminal 6 anchoring JFK International Airport’s north side. JMP is a private company composed of Vantage Airport Group, American Triple I, RXR, and JetBlue. The new Terminal 6 development will feature a 1.2 million square foot terminal, 10 new gates, and more than 100,000 square feet of dining and shopping, airline lounges, and recreational spaces.
Historic Conservation-Focused Forest Investment
A multidisciplinary team advised a consortium investor in connection with Blue Source Sustainable Forests Co.'s historic acquisition of 1.7 million acres of timberland. The deal was valued at approximately US$1.8 billion, and represented one of the largest private conservation-focused forest investments in US history. 
Internet, Digital, Data, Network, Background
Market-Defining Technology Financing

A Latham financing team’s advice to Eventbrite, Inc. in a groundbreaking, tailored financing package with leading investment firm Francisco Partners has been profiled by Private Debt Investor as one of the Top 10 transactions defining private debt. In May 2020, Eventbrite, a global self-service ticketing and experience technology platform, needed capital as the Covid-19 pandemic leveled the live event industry. Francisco Partners provided US$225 million senior secured term loan facility and purchased 2.5% of outstanding common stock of Eventbrite.

Pipeline sunset.
Mexico’s First Private Marine Natural Gas Pipeline

Members of the firm’s Latin America Practice and Energy & Infrastructure Industry Group advised the joint global coordinators, lead arrangers, and bookrunners on the US$1.56 billion five-year term loan credit facility provided to Mexico’s first private marine natural gas pipeline. The pipeline is a strategic part of the country’s energy infrastructure, reinforcing the reliability of the Mexican natural gas network and bolstering access to low-cost natural gas.

Cybersecurity
US$4.6 Billion Going-Private

A Latham corporate deal team advised venture capital firm Elephant Partners in Vista Equity Partner's acquisition of KnowBe4, provider of the world’s largest security awareness training and simulated phishing platform. The deal is an all-cash transaction valued at approximately US$4.6 billion on an equity value basis.

Great River Hydro Sale
Latham advised Great River Hydro in its US$2 billion sale to Hydro-Québec. Great River Hydro owns 13 hydropower generating stations with a total installed capacity of 589 megawatts along New England’s Connecticut and Deerfield rivers in the states of Vermont, New Hampshire, and Massachusetts. 
Close-up financial trading chart on digital LCD disply
Supporting Take-Private of Nielsen
The firm advised a consortium composed of Evergreen Coast Capital Corp. and Brookfield Business Partners L.P. together with institutional partners, on the acquisition of Nielsen, a global leader in audience measurement, data, and analytics. The all-cash transaction is valued at approximately US$16 billion, including the assumption of debt.
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A Major Antitrust Win in Paris
A Paris antitrust team secured a significant victory for client Orange. A decision by the Commercial Chamber of the French Court of Cassation in Paris rejected the appeal brought by Cambio regarding alleged anticompetitive practices of Orange during the liberalization of the internet market between 2001 and 2005.
Sugarcane field at sunset
Sweet Victory for U.S. Sugar
A cross-office team of Latham’s elite antitrust litigators successfully defended client U.S. Sugar against the U.S. Department of Justice Antitrust Division (DOJ) challenge to the Florida company’s acquisition of Imperial Sugar Co. Latham took the case from complaint to trial in less than five months. This historic victory over the DOJ comes just three weeks after a separate Latham antitrust trial team defeated the U.S. Federal Trade Commission for client GRAIL and its acquirer, Illumina.
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Historic Win Against FTC Challenge

Latham antitrust litigators won a four-week trial before the special administrative court of the US Federal Trade Commission (FTC), for Latham client GRAIL and its acquirer, Illumina – the first time the FTC’s administrative law judge has ever ruled against the FTC in a merger case. The decision enables the merged companies to speed the market introduction of GRAIL’s life-saving innovation, Galleri, a non-invasive, multi-cancer diagnostic blood test that can detect cancer early for over 50 different cancer types and profoundly increase early detection of cancer.

solar energy panels and wind turbine,china.
A Big Green Deal for Con Edison

Consolidated Edison, Inc. (Con Edison), one of the nation's largest investor-owned energy-delivery companies, has entered into a purchase and sale agreement under which Con Edison agreed to sell its interest in its wholly-owned subsidiary Con Edison Clean Energy Businesses, Inc., and its subsidiaries, to RWE Renewables Americas, LLC, a subsidiary of RWE Aktiengesellschaft. A Latham M&A team represents Con Edison in the transaction valued at US$6.8 billion.

Airport
World’s Largest Air Cargo Handler

Latham advised SATS Ltd. on its proposed acquisition of Worldwide Flight Services (WFS), the world’s largest air cargo handling firm, from an affiliate of Cerberus Capital Management, L.P. The transaction values WFS at an enterprise value of €2.25 billion, with an equity purchase price of €1.18 billion. The combined group is set to become a global leader in the aviation services sector with more than 200 stations in over 20 countries, covering trade routes responsible for over 50% of all global air cargo volume.

the American flag attached to the American military uniform.
Benefits Secured for US Veterans

A Washington, D.C.-based appellate team scored a pro bono victory for the National Organization of Veterans Advocates (NOVA) and three of its members in the Federal Circuit. The ruling ensures that veterans who have endured knee replacement surgery as a result of their service are able to receive the benefits to which they are entitled under the governing regulations. More broadly, the US Department of Veterans Affairs (VA) cannot attempt to alter those regulations, and deny veterans’ claims for benefits.

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Carlyle's Groundbreaking Private Capital Product
The firm advised Carlyle Global Credit on the financing in support of Turn/River Capital’s take-private acquisition of Tufin®. As part of the transaction, Tufin took advantage of Carlyle’s recently launched Decarbonization-Linked Financing Program. As a result, Tufin may access a certain reduction in the applicable interest rate if the Company meets applicable greenhouse gas emissions reduction targets contained in an Environmental, Social & Governance schedule.
The light on the road at night and the city in Bangkok, Thailand.
Largest IPO in Southeast Asia to Date in 2022
Latham has advised on Thai Life Insurance’s US$1 Billion IPO on the Stock Exchange of Thailand, representing the largest IPO in Southeast Asia to date in 2022. Thai Life Insurance is one of Asia’s largest life insurers. Proceeds from the IPO will be invested to enhance the company's digital technology and marketing, and strengthen its partnership channels and working capital.
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Rare Complete Defense Verdict

Latham helped Cantor Fitzgerald and Howard Lutnick defeat a US$400 million stockholder derivative suit, on all counts. The complaint challenged the 2017 sale of Berkeley Point Financial LLC from a Cantor subsidiary to BGC Partners, Inc. (BGC) and an investment by BGC in a joint venture with Cantor related to commercial mortgage-backed securities. The court held the transaction was entirely fair to BGC’s shareholders and that none of Cantor, Mr. Lutnick, or the members of the Special Committee of BGC directors breached their fiduciary duties.

Fast Street Blur Speed
Take-Private of Euromoney

A Latham London team represented a private equity consortium led by Astorg and Epiris on the £1.6 billion UK Takeover Code offer for Euromoney Institutional Investor Plc, a leading financial news and information business. The consortium will separate Euromoney into two businesses, with Fastmarkets becoming a stand-alone unit owned by Astorg. The remaining Euromoney businesses will be majority controlled by Epiris.

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Major Victory for Humane Society
A Washington, D.C.-based pro bono team scored a victory for the Humane Society in a closely watched case in the US Court of Appeals for the D.C. Circuit concerning administrative procedure and horse soring. Based on our arguments, the US Department of Agriculture (USDA) is now required to reinstate a rule providing for more rigorous enforcement of the Horse Protection Act (HPA).
Stairs leading to oil storage tank
Largest LNG Regasification Terminal in Chile

A multidisciplinary Latham team represented the lenders in gas infrastructure company Fluxys and institutional investor EIG's completion of the acquisition of an aggregate 80% equity stake in GNL Quintero S.A. (Quintero). Quintero is a key energy infrastructure business supporting Chile’s decarbonization strategy with a bridging fuel that allows for the reconciliation of economic growth by fostering the uptake of renewables and phasing out coal. Quintero is the largest terminal in Chile for receiving and unloading LNG as well as for its storage and regasification capacities.

Television HDV camera on a crane broadcasting from a music concert.
The Chainsmokers’ NFT – A First for the Music Industry

Music duo’s 5,000 Non-Fungible Tokens (NFTs) tied to streaming royalties from new album “So Far So Good,” will allow the band’s fans to share music streaming royalty share rights with The Chainsmokers. Latham Los Angeles team-led transaction is unique in demonstrating a viable and transparent Web3 method.

American Lawyer Corporate Practice of the Year

"Deal Dynamos"

2022 Law Firm Corporate Practice of the Year

The American Lawyer selected Latham as the best among seven leading law firm finalists for outstanding achievements across the firm's transactional practices. Photo credit: The American Lawyer.

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Mohebbi, Nima H.

Excellence in High-Stakes Matters

Litigator Named Among Lawyers on the Fast Track

Nima Mohebbi recognized by The Recorder’s California Legal Awards 2022 for deft handling of legal matters at the forefront of cryptocurrency, NFTs, and other fast-emerging industries.

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