19 January, 2018
Skadden advised Toshiba Corporation, which announced on January 18, 2018, that it has selected Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) as the buyer of Toshiba's claims against Westinghouse Electric Company LLC for US$2.16 billion (approx. 244.1 billion yen), and Brookfield WEC Holdings LLC as the buyer of the Westinghouse-related shares that it holds.
The Skadden team includes: Bengoshi partner Mitsuhiro Kamiya (Tokyo); Corporate Restructuring partners Van Durrer (Los Angeles) and Chris Mallon (London); Corporate partner Scott Hopkins (London); Energy Regulation and Litigation counsel Robert Warnement (Washington DC); and Corporate associates Annie Li (Los Angeles) and Jason Hewitt (London).
Skadden also assisted Toshiba with the successful Chapter 11 procedure of Westinghouse, including the execution of the Plan Support Agreement with Westinghouse, its Statutory Unsecured Creditors Committee, and other parties.
For more information, please see Toshiba's press releases: here and here.
