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International Edition

Battle royale - the tussle for global dominance shifts eastward

With elite Wall Street firms finally breaking into Hong Kong law, the stage is set for a high-stakes struggle across Asia between the world's top law firms. Georgina Stanley and Simon Petersen report
22 minute read

International Edition

Bakers and Latham prepare Chinese investment bank for $2bn HK IPO

Baker & McKenzie and Latham & Watkins have taken lead roles for Chinese investment bank CITIC Securities on its $2bn (£1.3bn) Hong Kong listing, reports The Asian Lawyer. CITIC Securities, a subsidiary of state-owned investment company CITIC Group, is already listed on the Shanghai Stock Exchange. The bank received regulatory approval from China's financial regulator, the China Securities Regulatory Commission, for a Hong Kong listing on 1 September.
2 minute read

International Edition

Linklaters makes first Paris lateral in four years with Gide partner hire

Linklaters has grown its Paris arm with the hire of capital markets partner Patrice Doat from Gide Loyrette Nouel, marking the first lateral hire for the office in four years. Doat is set to join the firm with three associates on 1 September. He has been at the French outfit since 1994 and a partner since 2004.
2 minute read

International Edition

Cleary opens new LatAm base with partner relocations to Sao Paulo

Cleary Gottlieb Steen & Hamilton has opened for business in Sao Paulo after receiving approval to launch from the Brazilian authorities. Capital markets partner Juan Giraldez and corporate finance partner Francisco Cestero have relocated from New York and Rome respectively to head up the new base.
2 minute read

International Edition

The great game – can British firms retain their upper hand in Hong Kong?

Though Hong Kong formally reverted to Chinese rule 14 years ago, it often feels as if the British are still in charge. Place names like Victoria Peak and Queen's Road remain unchanged and expatriates from Essex and Kent continue to throng the bars of Lan Kwai Fong. Pub favourites are as easily available as dim sum.
6 minute read

International Edition

Uria, Linklaters and Davis Polk advise on €3bn Spanish bank IPO

Uria Menendez has taken the lead role for Spanish banking conglomerate Bankia on its €3bn (£2.6bn) initial public offering (IPO). The IPO, reportedly Spain's third-largest of all time, saw 824 million new shares made available at €3.75 per share, with trading on the Madrid, Barcelona, Bilbao and Valencia stock exchanges kicking off on 20 July.
2 minute read

International Edition

White & Case boosts City base with Latham duo ahead of Milan relaunch

White & Case has strengthened its London capital markets group with the hire of a US securities duo from Latham & Watkins in a move that will also see the US firm re-enter the Italian market. London-based partners Michael Immordino and Ian Clark, who both handed in their notice earlier today (28 July), will be joining White & Case on Monday (1 August) after several weeks of discussions.
3 minute read

International Edition

A&O dominates global bond rankings at halfway mark

Allen & Overy (A&O) has topped Thomson Reuters' debt capital markets (DCM) rankings for international cross-border bonds for the first half of 2011 by both manager and issuer. The firm advised managers on 238 bond deals worth $180bn (£110bn) during the period, giving it a 7.1% share of the market, ahead of Linklaters, which held a 3.5% share of the market, with roles on 117 deals worth $104bn (£63.8bn).
2 minute read

International Edition

City partners hope for revival in capital markets after Greek bailout

City capital markets partners are optimistic that last week's €109bn (£96bn) Greek bailout will help increase deal activity in Europe's markets. The package, agreed little more than a year after an initial bailout last May, saw the heads of 17 eurozone governments agree a funding package that will also see private lenders asked to contribute, as well as including measures to cut debt interest rates for Greece, Ireland and Portugal.
2 minute read

International Edition

Herbert Smith capital markets partner exits to join US firm in Hong Kong

Morrison & Foerster (MoFo) has hired Herbert Smith's Asia head of US capital markets John Moore for its Hong Kong office. Moore is set to join the US firm's local corporate and capital markets practice in the autumn after six years at Herbert Smith. It has not yet been decided who will take over from Moore as practice head.
2 minute read

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