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International Edition

Hope floats again for crucial IPO market as advisers dare to bet on HK revival

It's only the second week of January and already everyone is placing bets on the health of Hong Kong's initial public offering (IPO) market, still used by many local advisers as the bellwether of confidence in the region's economy. While the accountants are gearing up for a strong recovery, forecasting around 80 new listings valued at approximately HK$120bn (£9.5bn) during 2013, most lawyers are taking a characteristically cautious approach while hoping for the best.
6 minute read

International Edition

Cadwalader adds capital markets partner in China with K&L Gates hire

Cadwalader Wickersham & Taft has boosted its China capital markets team with the hire of K&L Gates corporate partner Rose Zhu. Zhu, who specialises in capital markets, M&A and bank financing transactions, has joined the US firm's Beijing branch from K&L Gates' local office, where she has spent around 18 months after moving from Allen & Overy in August 2010.
2 minute read

International Edition

Paul Hastings eyes Sao Paulo and Singapore launches

Paul Hastings is weighing up launches in both Brazil and Singapore as the US firm looks to grow its international presence. The US firm expects to open a base in Sao Paulo next year, and is also looking at opportunities in Singapore to build on its existing five-office Asia practice.
3 minute read

International Edition

Simmons appoints new Asia DCM head with Standard Chartered hire

Simmons & Simmons has recruited a senior in-house lawyer from Standard Chartered Bank in Asia to head up the firm's debt capital markets (DCM) practice in the region. Jay Lee, who joins the UK law firm as a partner, was head of the DCM legal team in North East Asia at Standard Chartered, where he was based in Hong Kong, handling capital markets legal matters in China, Hong Kong, Korea, Taiwan and Japan.
3 minute read

International Edition

HK regulatory chief cautions Asia over threat of Western-style crisis

Asia must join the EU and US in their post-crunch regulatory efforts if the region is to avert its own financial crisis, according to the head of Hong Kong's top market watchdog. Speaking at the third Pan-Asian Regulatory Summit in Hong Kong last week, Ashley Alder, the chief executive of the Securities and Futures Commission (SFC) and former Herbert Smith Asia head, said regional institutions would be "unbelievably stupid" to ignore the lessons learned by Western economies, and had a "golden opportunity" to ensure Asia did not experience its own financial collapse.
4 minute read

International Edition

Asia lawyers forecast market upturn after landmark leadership changeover in China

International law firms in Asia are eyeing an increase in market activity following the change in China's leadership, citing a possible return to investment by the country's largest companies. This month saw the confirmation of Xi Jinping as China's new president, succeeding Hu Jintao after almost 10 years at the top of the Communist Party. Jintao's presidency will formally come to an end in March next year, with many lawyers in the region believing the succession will lead to a revival in work levels.
4 minute read

International Edition

Cleary and A&O among firms advising on Korea cable TV IPO

Cleary Gottlieb Steen & Hamilton and Allen & Overy (A&O) have taken lead roles on South Korean cable television operator CJ HelloVision's KRW293bn (£170m) initial public offering (IPO) - the Korea Exchange's largest listing in almost 18 months. Cleary acted for CJ HelloVision on the international tranche of the listing, with a team of four led by corporate partner Yong Lee in Seoul alongside associates in Hong Kong and New York.
2 minute read

International Edition

BLP adds corporate partner in Hong Kong with O'Melveny hire

Berwin Leighton Paisner (BLP) has added a partner to its Hong Kong base with a corporate hire from US firm O'Melveny & Myers. Mark Chan, who specialises in capital markets and M&A, is joining the office, which opened last summer, alongside senior resident partner David Robins, corporate partner Michael Tam and real estate partner Victoria Gardner.
2 minute read

International Edition

Slaughters, Sullivan and Davis Polk eye big returns from key China IPO

Slaughter and May, Sullivan & Cromwell and Davis Polk & Wardwell have picked up lead advisory roles as the state-owned People's Insurance Company of China (PICC Group) draws closer to completing its multi-billion dollar Hong Kong initial public offering (IPO).
2 minute read

International Edition

Asia's focal point - Singapore under the microscope

While the rest of the world wallows in the aftermath of the financial crisis, Southeast Asia is thriving. Neil Hodge focuses on the region's biggest winner so far: Singapore
17 minute read

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