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International Edition

Slaughters, Paul Weiss and Sullivan advise on Countrywide IPO

Slaughter and May, Sullivan & Cromwell and Paul Weiss Rifkind Wharton & Garrison have landed the lead roles on UK estate agency Countrywide Group's initial public offering (IPO). Countrywide, the UK's largest estate agency by revenue and deal volumes, has been listed on the London Stock Exchange by US private equity house Oaktree Capital, its majority owner.
2 minute read

International Edition

A&O and Paul Hastings among law firms on billion-dollar Singapore REIT IPO

Allen & Overy (A&O), Allen & Gledhill and Paul Hastings have landed key advisory roles on the $1.3bn (£839m) Singapore IPO of a state-owned real estate investment trust (REIT). Mapletree Greater China Commercial Trust, a China and Hong Kong-backed division of Mapletree Investments, the property arm of Singapore sovereign wealth fund Temasek Holdings, is to issue 1.7 billion shares at between 88 and 93 Singapore cents.
2 minute read

International Edition

The beginning of a beautiful friendship – Spain and China's strong economic ties

As one of the eurozone's main economies, Spain's severe economic downturn has been particularly trying for the EU and the countries forming part of the single currency. In the second half of 2011 – and particularly during 2012 – the ghost of a complete bailout of the Spanish economy and the break-up of the eurozone loomed as certain indicators, such as the yields of Spanish bonds, soared to critical levels. During this time Spain's corporates, including blue chips, have suffered, with local demand for their products and services contracting and access to capital/debt markets and credit proving near to impossible.
8 minute read

International Edition

Norton Rose, CC and Ashurst among firms on £550m Crest Nicholson IPO

Norton Rose, Clifford Chance (CC) and Ashurst have landed key roles on the first major domestic initial public offering (IPO) of 2013, as UK housebuilder Crest Nicholson returns to the stock market. The IPO values Crest at around £553m, with the offer comprising a primary tranche raising £59m for the company and a secondary offering raising £169m through the sale by shareholders including Deutsche Bank and investment manager Varde.
3 minute read

International Edition

CC, DLA and Skadden take roles on biggest IPO since Facebook

Clifford Chance (CC), Skadden Arps Slate Meagher & Flom and DLA Piper are among a number of law firms to have advised on the initial public offering (IPO) of Pfizer's former animal health business Zoetis, in the largest IPO by a US company since Facebook. The listing, which went ahead on the New York Stock Exchange at the start of February, is said to have raised $2.2bn (£1.4bn), valuing the company at around $13bn (£8.3bn). Pfizer will retain an 80% ownership of Zoetis.
3 minute read

International Edition

Rules of the game - the lawyers making their mark in the sports sector

For decades, sport has continued to confound the laws of economic gravity that seem to so often drag other industries back down to earth. Year after year, broadcasting rights escalate – as do sponsorship deals – and ticket prices jauntily rise upwards while the financial fortunes of the millions of fans and spectators that turn out in sunshine and rain have generally stagnated or slumped during the recession. In short, sport is big business, and lawyers agree that it is a profitable segment of the legal services market to be involved in.
22 minute read

International Edition

MoFo and Sidley act for Chinese developer on HK$4.35bn share placing

Morrison & Foerster and Sidley Austin have advised Chinese property developer Evergrande Real Estate on a HK$4.35bn (£368m) share placing. The placement saw the company sell one billion Evergrande shares – equivalent to around 6.7% of the company – at HK$4.35 each in a bid to raise funds. Sidley served as US and Hong Kong counsel to Evergrande, fielding a team led by the firm's head of corporate finance Huanting Timothy Li and corporate partner Constance Choy.
2 minute read

International Edition

China's Dacheng secures exclusive alliance with Middle East firm

China's Dacheng Law Offices has secured an exclusive relationship with Dubai's Hussain Lootah & Associates (HL&A), in what is thought to be the first tie-up between a Middle Eastern law firm and a Chinese outfit. The Beijing giant has signed an agreement with HL&A in an effort to boost its presence in the Arabian Gulf. Under the terms of the deal, the two firms will refer work and share expertise on the local business challenges in their respective markets.
2 minute read

International Edition

Slaughters, Simpson Thacher among firms on $398m Chinalco HK listing

Slaughter and May, Paul Hastings and Simpson Thacher & Bartlett are among a raft of firms to have advised on the $398m (£253m) Hong Kong initial public offering of Chinalco Mining Corporation International. The company, a subsidiary of Chinalco, China's biggest producer of aluminium, is raising cash to help fund a copper mining project in Peru.
2 minute read

International Edition

In depth: Offshore

From the Isle of Man's attempts to protect its online gambling position to investing in Guernsey's cleantech industries, we round up the best offshore developments
1 minute read

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