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published DECEMBER 03, 2009

Kromann Reumert assists Schering-Corporation, DONG Energy, Solstra Holding A/S, NeuroSearch and Handelsbanken Capital Markets

Schering-Corporation vs Sandoz A/S. The action concerned the scope of protection re-lating to an analogous process patent claim for the medicinal substance loratadin. The main questions at stake were a) what point in time should be considered decisive for as-sessing equivalence (i) the priority date of the patent in suit? or (ii) the time of the al-leged infringement? And b) what significance should be attached to the fact that the al-legedly infringing process was protected by its own patent? Partner(s) involved: Nicolai Lindgreen Kromann Reumert has assisted Denmark's leading energy supplier DONG Energy in connection with the sale of its fibre communications network to Danish telecom gi-ant TDC. After more than a year of preparations, an agreement was signed following an intensive sales process with several interested bidders. The purchase price was agreed at EUR 57 million, of which EUR 43 million will be paid in cash on closing, while the bal-ance will depend on the future earnings of the fibre network business in the retail mar-ket. Partner(s) involved: Anders Stubbe Arndal Kromann Reumert assisted Solstra Holding A/S (a joint venture between Straumur and the international investor Alshair Fiyaz) in selling Aktieselskabet Th. Wessel Vett Ma-gasin du Nord, which is the operating company behind the department store "Magasin". The buyer is Debenhams plc. As part of the transaction, new lease contracts will be en-tered into concerning the Magasin properties in four large Danish cities. Partner(s) in-volved: Jakob Bernhoft Kromann Reumert acted as external legal counsel to leading Danish biotech company NeuroSearch in connection with a number of capital increases in the last year. Capital increases: February 2009 nom. DKK 10.614.900 to Eli Lilly, August 2009 nom DKK 6.904.760 to GlaxoSmithKline Plc. August 2009 med nom. 12.371.240 to Johnson & Johnson Development Corporation. Partner(s) involved: Marianne Philip, Christian Lundgren, Pernille Høstrup Dalhoff, Michael Pitzner-Bruun Kromann Reumert has assisted Swedish investment bank Handelsbanken Capital Mar-kets in connection with a rights issue by P/F Atlantic Petroleum, a Faroese oil explora-tion and production company. Implemented on 2 November 2009, the issue was fully subscribed, generating gross proceeds to the company of approximately EUR 25.3 mil-lion. The company’s shares are admitted to official listing and trading on Nasdaq OMX Iceland (primary) and Nasdaq OMX Copenhagen (secondary). Partner(s) involved: Christina Bruun Geertsen