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Asia Deal Digest: June 20, 2013
* S&C and Linklaters on $1.7 billion Chinese dairy deal* Freshfields guides China's Dalian Wanda on British shopping trip* Hogan Lovells, Norton Rose Fulbright team for $3 billion Mongolian coal mining IPOProskauer in Talks With O'Melveny Partner to Launch U.K. Practice
Proskauer Rose is set to make its entrance into the London market with the New York firm in talks to recruit the former head of O'Melveny & Myers' London arm to launch its U.K. law practice. Proskauer is in advanced discussions with O'Melveny private equity partner Matthew Hudson about leading the new venture -- ending months of speculation about its entrance to London. The London office would be Proskauer's 10th office overall but only its second in Europe alongside its Paris arm.The Score: Am Law Firms Book Roles on High-Profile Sports Deals
In our regular look at sports and the law, Katten Muchin snags a role on the sale of a minority stake in the Colorado Rockies, Kirkland & Ellis advises on an ownership change for the Memphis Grizzlies, four firms help wrap up the sale of the Pittsburgh Steelers, and Latham & Watkins and Freshfields grab roles on a major motor racing investment.U.S. LLPs Might Have to Disclose Their Finances in London
U.S. law firms in London are on heightened alert this month ahead of a British government consultation that is expected to address whether U.S. limited liability partnerships operating in the city should be required to disclose their financial results. The Department for Business Enterprise & Regulatory Reform is set to release a consultation on the issue in the coming weeks. The controversial idea provoked fierce complaints from U.S. law firms the last time it was suggested in 2001.Vereins: The new structure for global firms
When is a law firm not a law firm? That sounds like the setup to the driest joke of all time. In fact, it's the subject of serious debate within the industry.Music Giant EMI Conducting Post-Takeover Legal Review
The legal department of music giant EMI is set for a major overhaul in the wake of the company's acquisition by private equity group Terra Firma earlier this year. EMI general counsel Chris Ancliff, who took on the top legal job at the struggling entertainment company when former GC Charles Ashcroft stepped down from the role in February, is overseeing the review. Ancliff says he had no immediate plans to make any cuts to EMI's in-house legal team, which currently numbers around 90 lawyers worldwide.'NatWest Three' Deal Re-Ignites Plea Bargain Debate in the U.K.
Lawyers are debating the benefits of introducing U.S.-style plea bargaining in U.K. fraud cases following the guilty pleas of three former NatWest bankers last week. Former Bar Council Chairman Stephen Hockman QC is due to submit a report on the use of plea negotiations in fraud cases by the end of the year. A Legal Week survey last year found 71 percent of U.K. lawyers in favor of plea bargaining. However, some doubt the success of using a U.S. system in the U.K.Trending Stories
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