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Firms Ride Asia's Rising Tide of Offshore Registrations
Asian companies are making ever-greater use of offshore investment vehicles, despite looming regulatory obstacles. Firms such as Ogier, Appleby, Collas Crill, and Mourant Ozannes are on the ground to make sure they get a piece of the business.Ex-Jail Health Unit Files for Ch. 7
Richmond [email protected] medical services company that was paid more than $2 million in 2001 for DeKalb inmates' health care has filed for Chapter 7 bankruptcy protection, leaving unpaid bills and almost no assets. Healing Touch Inc. took over the medical services contract at the DeKalb County jail in April 2001.DLA Piper Leads on Sale of Legal Outsourcing Firm
The long-dormant buyout market might finally be emerging from its slumber as a trio of U.K. companies were scooped up by British private equity firms on Thursday. One of the sales involved CPA Global, a leading legal process outsourcing firm, to London-based mezzanine lender Intermediate Capital Group. ICG is paying $709 million to seal a management buyout of CPA, which is owned by 300 lawyers and patent officers.Private Client Work Goes Global
Private client work has changed in both complexity and geography, said attendees of the fifth annual Legal Week Private Client Forum. While there may still be a concentration of millionaires in the G8 economies, the rate of growth in the number of millionaires being created is significantly higher in Asia, the Middle East and Latin America. "We need to know about tax and legal systems everywhere our clients are from -- and that means everywhere," says Macfarlanes partner Sebastian Prichard Jones.Firms Ride Asia's Rising Tide of Offshore Registrations
Almost every major cross-border transaction has an offshore component. As more and more of those deals originate in Asia, offshore law firms based in places like the Cayman Islands and Jersey in the English Channel are zeroing in on the region, banking on an increase in offshore registrations by Asian companies.Sidley Austin on Hand as Diamondback Capital Set to Close
Two years after insider trading allegations hit hedge fund Diamondback Capital Management, the Stamford, Connecticut-based investment firm is set to shutter its operations after clients sought $526 million in redemptions.Trending Stories
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