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International Edition

Transfer Window Asia: recent moves including Latham, Weil and Two Birds

Shearman & Sterling has expanded is project development and finance practice with addition of Allens partner Anthony Patten in Singapore. Patten previously led Allens' oil and gas team in Asia and Australia, before which he was a partner in Ashurst's London energy, transport and infrastructure group. He also spent six years working in London and the UAE as a senior in-house counsel at Royal Dutch Shell.
6 minute read

International Edition

TTIP of the iceberg – what the Transatlantic Trade and Investment Partnership means for lawyers on both sides of the Pond

It has been billed as the largest free trade agreement in history, yet many trade lawyers are still in the dark when it comes to the details of the Transatlantic Trade and Investment Partnership (TTIP) deal. TTIP, which was announced last summer and is now being negotiated, will for the first time create a trade treaty between the US and the EU in its entirety. Designed to drive growth by removing trade barriers and tariffs, independent research cited by the European Commission suggests the annual benefits could be as much as €120bn (£99.9bn) to the EU economy, €90bn (£74.9bn) to the US and €100bn (£83.2bn) to the rest of the world. "Everybody is going to be affected by this, and it really will change the balance of political power," says Ross Denton, a UK-qualified partner in Baker & McKenzie's European competition and trade department. "In recent years the balance [of US trade] has been gradually shifting towards Asia, because they don't have the same heavy tariffs. But if you eliminate most tariffs between the EU and US, then this will have huge ramifications for business."
11 minute read

International Edition

Judge rejects Apple request to dump legal monitor

A US district judge has rejected an application by Apple to have a court-appointed monitor thrown off an investigation into the tech company's competition policies and practices.
3 minute read

International Edition

Apple in 'character assassination' of court-appointed legal monitor

The US Department of Justice (DOJ) has accused Apple of pursuing a campaign of character assassination against a Goodwin Procter partner appointed by a court to monitor the company's competition policies.
3 minute read

International Edition

Winston & Strawn eyes Taiwan, Singapore offices in Asia push

US law firm Winston & Strawn is eyeing new offices in Taiwan and Singapore as part of a wider Asia growth plan that will see it double in size in the region. The Chicago-headquartered outfit, which currently has three Asian bases located in Hong Kong, Shanghai and Beijing which it inherited from now defunct Heller Ehrman five years ago, plans to grow its teams in IP, corporate, anti-trust, energy and disputes.
4 minute read

International Edition

Goodwin Procter partner hits back in Apple antitrust row, reveals company's fees policy

A Goodwin Procter partner appointed to conduct a review of Apple's competition policies has hit back at the company after the tech giant argued he had gone beyond the remit of his appointment and charged exorbitant fees.
3 minute read

International Edition

Bingham makes up 10 lawyers, one in Hong Kong

Bingham McCutchen has made up 10 lawyers as part of its annual promotions round, including one lawyer in Hong Kong. Asia corporate specialist Charles Rogers, who advises mainly on public and private cross-border deals, debt and equity investment, corporate finance and restructuring transactions, was the only lawyer to be made up outside of the US.
2 minute read

International Edition

Cleary, Slaughters and KWM act on banks' €1.7bn rate-rigging settlement

Cleary Gottlieb Steen & Hamilton, Slaughter and May and King & Wood Mallesons SJ Berwin (KWM) have taken roles as eight global banks reach a settlement with the European Commission (EC) for forming illegal cartels to rig interest rate derivatives. The EC today (4 December) fined eight banks - including the Royal Bank of Scotland (RBS) and Deutsche Bank - a total of €1.7bn (£1.4bn) for their roles in rigging interest rates in euro- and Japanese yen-denominated derivatives.
3 minute read

International Edition

A&O hires HSF partner to head up Australian antitrust practice

Allen & Overy (A&O) has appointed Peter McDonald from Herbert Smith Freehills (HSF) as its new head of antitrust in Australia. McDonald, who will be based in Sydney, joined legacy Freehills' Melbourne-based competition group in 2003 from the Australian Competition and Consumer Commission, where he worked as a senior officer. He was made up as partner at HSF in 2009.
2 minute read

International Edition

Apple slams Goodwin Procter partner's fees in e-book case

Apple has objected to the fees charged by a Goodwin Procter partner who was in October appointed by a New York court to monitor the company's competition practices. According to court papers, Goodwin white collar partner Michael Bromwich billed Apple almost $140,000 (£85,000) in the first two weeks of his instruction, which follows a ruling in July that Apple conspired with five publishers to fix e-book prices. In a stinging critique, Apple said Bromwich's "personal financial interest is for as broad and lengthy an investigation as possible", and that he had refused to propose any sort of budget.
3 minute read

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