Gibson Dunn advised Vision International Investment Company (Vision Invest) on the sale of its 10% stake in water and wastewater company Miahona to multiple investors through private transactions on Tadawul, the Saudi Exchange.
Vision Invest is a leading Saudi Arabian development and investment company with a diverse portfolio of holdings across a wide range of vital sectors, including power generation, water desalination, industrial gases, logistics, transportation, district cooling, wastewater treatment, energy efficiency, and social infrastructure. The sale aims to broaden Miahona’s shareholder base by attracting a diverse range of institutional investors. It also aligns with Vision Invest’s strategy to reallocate its capital towards new and diversified investments.
The Gibson Dunn team in Riyadh advising on the transaction was led by partner Najla Al-Gadi and included associate Rand Shahin, with support from partners Ibrahim Soumrany and Mahmoud Abdel-Baky.
Gibson Dunn represented American Electric Power Company, Inc. on a $3.5 billion at-the-market equity program, which allows for both traditional and forward sales of common stock.
Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC will act as agents, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A., JPMorgan Chase Bank, National Association, Mizuho Markets Americas LLC, MUFG Securities EMEA plc, The Bank of Nova Scotia, and Wells Fargo Bank, National Association will act as forward purchasers.
The Gibson Dunn team was led by partners Hillary H. Holmes and Atma Kabad and included associates Malakeh Hijazi, Benjamin A. Blefeld, and Anna Strong. Partner Jennifer Sabin advised on tax matters, of counsel Adam Lapidus advised on derivative matters, and partner Krista P. Hanvey and associate Lucy Hong advised on ECEB matters.
Gibson Dunn represented Exodus Movement, Inc., a leading self-custodial cryptocurrency platform, in connection with its proposed redomestication from Delaware to Texas.
Exodus has received stockholder approval and expects to complete the redomestication in December 2025. This reflects a broader trend of companies choosing to take advantage of Texas’s favorable business climate and supportive regulatory environment.
Our team included partners Harrison Tucker, Gerry Spedale, and Hillary Holmes; of counsel Sheldon Nagesh; and associates Clint Eastman and Jason Ferrari.
Gibson Dunn is well positioned to advise companies on redomestication to Texas. Our team includes nationally recognized thought leaders who have helped shape Texas’s evolving legal framework and maintain strong connections with the business leaders and other key stakeholders shaping the state’s future.
Gibson Dunn announced today that Jamal V. Lama has rejoined the firm in its New York office, where he will serve as a partner in the Energy & Infrastructure Practice Group, working closely with the private equity and M&A teams. Formerly in-house counsel at Ares Management, Jamal is an experienced dealmaker who has advised on a broad range of complex transactions spanning mergers and acquisitions, joint ventures, and preferred equity and other structured financings across sectors, including digital infrastructure and energy.
“Jamal’s extensive private practice deal experience, coupled with his in-house perspective, provides clients with both technical legal skill and a deep commercial understanding of how private equity sponsors and infrastructure funds assess value, manage risk, and execute transactions,” said Tomer Pinkusiewicz, Co-Chair of Gibson Dunn’s Energy & Infrastructure Practice Group. “His addition underscores our continued commitment to expanding our world-class team and staying ahead of our clients’ needs amid strong demand for sophisticated transactions across asset classes and geographies. We are thrilled to welcome him back to the firm.”
“I’m excited to be coming home to Gibson Dunn and rejoining a team I know firsthand is exceptionally talented, collaborative, and growth-oriented,” said Jamal. “The firm’s dynamic global platform and deep experience across the full lifecycle of infrastructure investments give it a distinct market advantage. As I return to private practice, Gibson Dunn’s entrepreneurial energy and exceptional platform provide the ideal foundation to build on and serve clients at the forefront of the evolving infrastructure, private equity, and energy markets.”
Jamal’s arrival marks the continued expansion of Gibson Dunn’s preeminent Energy & Infrastructure Practice. Our multidisciplinary practice advises on transactions across all major infrastructure asset classes—including digital, social, and transportation—and spans financing (including capital markets), project development, strategic M&A, and private equity, fund formation and fund financing, regulatory and compliance advice, and disputes and litigation. Recent additions to the global team include Simon Tysoe in London and Dorothée Griveaux in Paris.
About Jamal V. Lama
Jamal will focus his practice on advising companies and private equity firms across a wide range of industries, with an emphasis on energy and infrastructure investments across geographies and asset classes. Jamal’s practice will include domestic and cross-border public and private M&A, joint ventures, preferred equity financings, and other strategic transactions.
Before rejoining Gibson Dunn, Jamal served as in-house counsel at Ares Management, a leading global alternative investment manager. At Ares Management, Jamal provided guidance to investment professionals within the Infrastructure Opportunities, Infrastructure Debt, and Alternative Credit strategies on a range of complex transactions spanning various sectors, including fiber, data centers, renewable energy, midstream oil & gas, wastewater treatment, renewable natural gas, and power generation.
Gibson Dunn is included in Global Restructuring Review’s GRR 100 2025, the annual guide to the world’s leading law firms for cross-border restructurings and insolvencies. The publication noted that our firm “is often at the fulcrum of security, taking control of companies in distress in aggressive liability management transactions.”
Our Business Restructuring and Reorganization Practice Group specializes in representing creditor and stakeholder groups in the nation’s largest and most complex restructurings and is a pioneering leader in the liability management space.
Gibson Dunn announced today that it has expanded its premier finance capabilities with the arrival of Duncan K. R. McKay, who has joined the New York office as a partner and will serve as Head of Fund Finance. He brings extensive experience in structuring, negotiating, and managing complex fund finance and structured capital transactions.
“Duncan is highly regarded as a leading sponsor-side fund finance lawyer, with rare experience advising on both complex fund finance and structured capital transactions,” said Shukie Grossman, Global Chair of the Investment Funds Practice Group. “As the investment funds landscape continues to evolve and the demand for liquidity solutions and fund finance products steadily increases, Duncan’s innovative capabilities and best-in-class deal execution will be invaluable to our clients and will further strengthen the firm’s premier global platform.”
In addition to his deep experience with commitments-based, NAV-based, hybrid, asset-based, GP Finance, and other bespoke investment funds related transactions, Duncan is widely recognized as a market leader in structuring and executing complex rated note feeder and collateralized fund obligation transactions. Over the past decade, he has consistently led some of the most innovative fund financings and structured capital raisings for alternative asset managers, investment fund sponsors and direct lenders in the U.S. and abroad.
“I’m energized to be joining Gibson Dunn’s market-leading global platform,” said Duncan. “With its elite Finance and Investment Funds Practice Groups and extensive experience across all major private-markets asset classes and strategies, the firm is uniquely positioned to support the evolving and complex needs of our leading asset manager and investment fund sponsor clients. The firm’s focus on continuing to expand its premier investment funds, fund finance, and structured capital capabilities domestically and in other key markets is exciting, and I look forward to collaborating and innovating alongside this talented team.”
Gibson Dunn’s fund finance and structured capital team advises the world’s preeminent asset managers, investment fund sponsors, direct lenders, and investors on the full spectrum of fund-level and funds adjacent financing, fundraising, and lending transactions across key global markets and investment strategies. Working closely with the firm’s premier Investment Funds, Capital Markets, Structured Finance, Derivatives, Private Credit, Insurance and Reinsurance, Financial Regulatory, and Tax practices, the team provides clients with global, comprehensive, cross-disciplinary, and seamless representation and deal execution.
About Duncan K. R. McKay
Duncan represents financial sponsors in a broad range of complex and bespoke financing transactions involving their investment funds, including private equity, growth equity, venture capital, GP stakes, secondaries and continuation vehicles, private credit and direct lending platforms, real estate, infrastructure, energy and transition, hedge funds, hybrid structures, and evergreen/open-ended funds. Clients rely on Duncan for his deep market knowledge, innovative financing solutions, and clear, commercial advice, as well as his ability to steward and execute the most sophisticated and pioneering fund-level and fund-adjacent financing transactions.
Prior to joining Gibson Dunn, Duncan served as a partner at an international law firm.
Gibson Dunn has been honored with the Thomson Reuters SYNERGY Award for Change Champion for its visionary ability to “translate leading AI and legal tech into practical business solutions while bringing people along on the transformation journey.”
Presented at the SYNERGY 2025 conference for legal professionals in Orlando, Florida, the award “celebrates those who don’t just adapt to change, but champion it — collaboratively, strategically, and with lasting results.”
Here’s one last shout-out to a Gibson, Dunn & Crutcher team led by partners Miguel Estrada, Ted Boutrous and Katie Townsend, who have been representing National Public Radio and certain member stations in a challenge to an executive order aimed at cutting the plaintiffs’ federal funding because of news coverage and programming the Trump Administration has claimed is biased. The team this week reached a settlement with the Corporation for Public Broadcasting, one of the defendants in the suit, which will provide $35.96 million in grant funding to the plaintiffs for public radio infrastructure—the full amount CPB previously agreed to. CPB also agreed not to enforce the challenged executive order unless required by a court. The Gibson Dunn team includes partner Michael Dore, counsel Sophia Brill and associates Eric Brooks, Connor Mui, Ellie Schwietering and Tate Rosenblatt.
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Reprinted with permission from the November 21, 2025 edition of “The AmLaw Litigation Daily” © 2025 ALM Global Properties, LLC. All rights reserved. Further duplication without permission is prohibited, contact 877-256-2472 or asset-and-logo-licensing@alm.com.
Gibson Dunn represented National Public Radio as it reached an agreement with the Corporation for Public Broadcasting to resolve certain claims arising out of CPB’s alleged implementation of an Executive Order requiring CPB to halt the disbursement of federal funds to NPR. Pursuant to the settlement, CPB agreed to disburse approximately $36 million in previously withheld public radio satellite interconnection funds and agreed not to implement the Executive Order in the future unless ordered to do so by a court. NPR’s First Amendment challenge to the Executive Order will proceed with a hearing scheduled for December 4, 2025.
Our team included partners Miguel A. Estrada, Theodore J. Boutrous Jr., and Katie Townsend.
Partner Ahmed Baladi, Co-Chair of our Privacy, Cybersecurity, and Data Innovation Practice Group, recently spoke with Reuters about the EU Commission’s “Digital Omnibus,” a series of proposals designed to simplify AI and privacy regulations. Reuters reports that the package faces criticism from “the tech sector for not going far enough and consumer groups for bowing to Big Tech.”
“The Commission appears to be aiming for simpler, more predictable rules that reduce friction for innovators while keeping core EU safeguards intact,” Ahmed said.
Partner Michele Maryott has been named to the Orange County Business Journal OC500 for 2025, which celebrates “the 500 most influential people in Orange County.” She was named by the publication for her work “defending employers against wage and hour and discrimination class actions, and retaliation, sexual harassment, wrongful termination and whistleblower claims.”
With trial opportunities decreasing and client expectations increasing, elite law firms are looking for novel ways to ensure that junior associates get significant litigation experience early in their careers, notes an article in The AmLaw Litigation Daily.
Partners Trey Cox and Tom Dupree told the publication about the structured approach to associate development taken by Gibson Dunn’s litigation practice, a finalist for The American Lawyer’s recent Litigation Department of the Year award. The Firm’s litigators in Texas, for example, use “lunch and learn” programs that are akin to coaching clinics to train associates on practical trial skills, while the Washington, D.C., office holds monthly appellate group meetings where associates — not partners — make presentations about recent oral arguments. By clearing a “path to the podium,” the Firm positions associates for leading courtroom roles.
Trey is Co-Chair of our global Litigation Practice Group and Co-Partner in Charge of the Dallas office. A trial lawyer with a robust commercial litigation practice, he represents clients from a range of industries in large, complex, high-profile business disputes.
Tom is Co-Chair of our nationwide Appellate and Constitutional Law Practice Group and Co-Partner in Charge of the Washington, D.C. office. A highly experienced trial and appellate advocate, he has argued more than 100 appeals in the federal courts, including in all 13 circuits as well as the United States Supreme Court.
Partner Maurice Suh, Co-Chair of our Sports Law Practice Group, was the guest on the most recent episode of The Lexology Podcast, where he discussed the latest trends in sports law. Among the topics discussed: the varying roles of sports governance bodies, barriers to access for new entrants into the market, and how private equity investment has impacted the landscape.
Maurice is the editor of Lexology In-Depth: Sports Law Edition 11.
The American Lawyer has profiled Gibson Dunn’s Litigation Practice Group, which the publication noted was involved “in some of the most consequential legal battles of the year.” It was recently a finalist for the Litigation Department of the Year at the American Lawyer Industry Awards.
The profile noted the Firm’s track record winning recent cases before the United States Supreme Court, including Grants Pass v. Johnson, a landmark case that redefines how cities can enforce laws against homeless encampments. The Firm also successfully defended Slack in a case where the tech company was sued over an allegedly “materially misleading” registration statement.
The American Lawyer noted that Gibson Dunn has become “Big Tech’s Go To Firm” after winning several recent high-profile cases for clients including Coinbase, OpenAI and Uber.
The success of the Litigation Practice Group created a pipeline of talented young lawyers coming to the Firm. For the third year in a row, the Firm attracted six former Supreme Court clerks among our incoming class.
The publication also highlighted Gibson Dunn’s active pro bono practice. In 2024, the Firm totaled 206,000 pro bono hours, or more than 96 hours per attorney.
Partner Jason Schwartz, a seven-time Law360 Employment MVP, spoke with the publication about his success in convincing Maryland’s Supreme Court on behalf of our client Amazon that the state’s wage and hour laws incorporate the de minimis doctrine — and doing so “on the road” when the justices, aiming to open up the court to the community, held a special session at Montgomery College, with more than 300 students, state officials, and judges listening in and asking questions afterwards.
“The arguments were on a stage, so it was almost like you were in a play,” Jason said.
Jason also discussed the challenge of representing a number of colleges and universities being investigated by the Trump administration, recounted his pride when many peer law firms — “people who we know and respect immensely” — reached out to Gibson Dunn for help after being contacted by the U.S. Equal Employment Opportunity Commission regarding their DEI practices, and opened up about the enjoyment he gets from being an employment attorney — “I love helping people solve people problems.” He also shared some advice for junior attorneys: pick a practice area you love, surround yourself with people who are smarter than you, and remember to build your career with humility. “Don’t get a big head,” he said, and stay client-centered. The son of retail workers, he explained why working at a law firm is just like working at Nordstrom: “You should come to work every day focused on what your clients need.”
Jason is Co-Chair of the Gibson Dunn Labor and Employment Practice Group and a member of the firm’s Executive Committee.
Gibson Dunn was honored with the Litigation Department of the Year, Intellectual Property award at the American Lawyer Industry Awards.
Our firm was also a finalist for Litigation Department of the Year, General Litigation, and partner Lee Crain was a finalist in the Young Lawyer of the Year, Litigation category.
The awards, which “recognize outstanding achievements and contributions made by individuals, law firms, and legal departments across various practice areas and specialties,” also serve “as a means to inspire excellence and innovation within the legal industry.” Recipients “often set benchmarks for others to follow and contribute significantly to the advancement of the legal profession in the United States.”
The awards were presented on November 13, 2025.
Gibson Dunn represented Cogent Biosciences, Inc., a clinical-stage biotechnology company, in concurrent public offerings of common stock and convertible notes expected to result in aggregate gross proceeds of $575 million to Cogent.
J.P. Morgan Securities, Jefferies, Leerink Securities, and Guggenheim Securities acted as joint book-running managers for the equity offering, with LifeSci Capital acting as lead manager and Raymond James Acting as co-manager. Jefferies and J.P. Morgan Securities acted as joint book-running managers for the notes offering.
Our team included partners Ryan Murr, Branden Berns, and Stewart McDowell and associates Nick Linke, Candice Johnson, and Jasmine Vitug.
Gibson Dunn advised LyondellBasell and its wholly owned subsidiary on a public offering of $500 million aggregate principal amount of 5.125% Guaranteed Notes due 2031 and $1 billion aggregate principal amount of 5.875% Guaranteed Notes due 2036.
Citigroup Global Markets, Deutsche Bank Securities, and J.P. Morgan Securities acted as the joint book-running managers for the offering.
Our team included capital markets partners Hillary Holmes and Cynthia Mabry, associates Alan Williams and Caroline Simms, and partners Chris Haynes, Jennifer Sabin, and Benjamin Fryer; of counsel Kate Long and Bridget English; and associate Jason Richards.
For the eighth consecutive year, Gibson Dunn is ranked No. 1 in Global Investigations Review’s GIR 30, its annual ranking of the 30 “best law firms for complex multijurisdictional corporate investigations.”
The 2025 edition of the publication noted our firm’s “decades of high-stakes enforcement work and … consistent presence in landmark cross-border matters” and that the practice has expanded “into emerging areas such as cryptocurrency enforcement, while continuing to advise on complex monitorships and sanctions matters.” It added: “The firm’s long-standing model of cross-office collaboration – particularly between US and international teams – has enabled it to maintain continuity in multi-jurisdictional matters and respond effectively to evolving regulatory regimes.” The GIR 30 was announced on November 14, 2024.
This is our firm’s tenth No. 1 ranking in the past 11 years.
Our White Collar Defense and Investigations practice excels in delivering top-tier defense and strategic counsel on a global scale for clients facing high-stakes investigations, regulatory scrutiny, and complex litigation.
Gibson Dunn is advising Merck on its $9.2 billion acquisition of Cidara Therapeutics, Inc., a biotechnology company developing drug-Fc conjugate (DFC) therapeutics.
Our corporate team is led by partner Saee Muzumdar and includes partner Sebastian Fain and associates Tracey Tomlinson and Kira Dennis. Partner Pamela Lawrence Endreny is advising on tax aspects. Partner Michael Collins is advising on benefits. Partner Karen Spindler is advising on life sciences aspects. Partner Meghan Hungate and associates Jacqueline Malzone and Mona Mosavi are advising on IP aspects. Partners Steve Weissman and Bradley Smith and associate Caroline Black are advising on antitrust aspects. Partner Katlin McKelvie is advising on FDA-related aspects.