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International Edition

HSF loses second partner in Singapore since September

Former Freehills Singapore head John Dick has become the second partner to leave the firm's regional base since September. Dick, who specialises in South East Asian corporate energy and resources work, and who helped establish Freehills' Singapore office in 2000, is set to exit from the firm early December to establish a Singapore base for another international firm.
3 minute read

International Edition

Norton Rose Fulbright axes 30 jobs in Australia

Norton Rose Fulbright has made 30 staff redundant across its Australian offices. Those affected include 12 fee earners and 18 support staff. It is not clear whether any partners are among those being laid off.
1 minute read

International Edition

K&L Gates and Sidley lead on Philippines 'largest ever' IPO

K&L Gates and Sidley Austin have advised Robinsons Retail Holdings on its $622m IPO on the Philippine Stock Exchange. The offering, which closed earlier this month, is thought to be the largest-ever IPO in the Philippines. K&L Gates advised the issuer on the US law aspects of the listing, fielding a team of four led by Hong Kong-based corporate partner David Johnson.
2 minute read

International Edition

CC and Links lead $1.3bn Tanzanian oil and gas sale

Linklaters and Clifford Chance (CC) have acted on Ophir Energy's sale of its stake in a Tanzanian oil and gas development to Singapore investment company Temasek. Temasek has acquired the 20% stake in the offshore liquefied natural gas (LNG) development from Ophir for $1.3bn (£810m), although the Lakshmi Mittal-controlled company will remain an investor in the joint venture.
2 minute read

International Edition

Firm duo hit jackpot on Sydney casino resort

Ashurst and Baker & McKenzie have taken key mandates on the development of Australian entrepreneur James Packer's latest Crown casino resort in Sydney. The AUS$1.5bn (£870m) Crown Sydney Hotel Resort project (pictured), which will be located at Barangaroo South in Sydney Harbour, got approval from the New South Wales (NSW) Government earlier this month and is expected to open in November 2019.
2 minute read

International Edition

Squire Sanders seeks to tap Indonesia through local tie up

Squire Sanders has become the latest international law firm to grow its Asian footprint into Indonesia after forming a strategic alliance with local outfit Melli Darsa & Co. The US firm, which currently manages Indonesian deals from its Singapore base, has entered into an association with the seven-partner entity that will involve co-marketing, co-branding, knowledge-sharing and potentially seconding lawyers to each other's offices.
2 minute read

International Edition

Trust the experts – mitigating the risks and the perils of wealth transfer in Asia

In recent years, there has been a surge in offshore litigation surrounding the transfer of wealth in Asia. Cases have arisen partly because of problems with the legacy trust structures set up in the 1980s and 1990s in jurisdictions such as the British Virgin Islands (BVI), and partly because of the global economic climate, which has exacerbated the fury of the beneficiaries of these trust funds, many of which have plummeted in value.
4 minute read

International Edition

CBS Corporation turns to Dell for new general counsel

American media company CBS has turned to computer giant Dell for its new general counsel. Larry Tu who is currently the GC for Dell in Austin, Texas, will start his new role in January 2014, based in Los Angeles. Prior to Dell, where he has worked for nine years, Tu was general counsel of NBC Universal where he oversaw NBC's acquisition of Telemundo, Bravo and Universal. He succeeds CBS' current legal head Louis Briskman, who this week announced his retirement after more than 30 years with the company.
2 minute read

International Edition

Cleary and Paul Hastings tuck in to Chinese meat producer IPO

Paul Hastings and Cleary Gottlieb Steen & Hamilton are understood to have been appointed as lead advisers on the IPO of Chinese meat processing company Shuanghui International, estimated to be worth up to $6bn (£3.75bn). The planned listing would be the biggest in Hong Kong in four years, providing a welcome boost to the local IPO market, which has seen a dearth of high-value flotations since the middle of 2012. It follows Shuanghui's takeover of the world's largest pork producer – Virginia-based Smithfield Foods – earlier this year. That deal, valued at $7.1bn (£4.7bn), marked the largest ever acquisition of a US company by a Chinese business.
2 minute read

International Edition

Singapore's WongPartnership forms alliance with Malaysian boutique

Singapore law firm WongPartnership has formed an alliance with Malaysian boutique outfit Foong & Partners with a view to boosting its presence in South East Asia. The firm, which earlier this year decided against a merger with King & Wood Mallesons, wants to ramp up its capabilities in the Asean region due to the vast potential for mandates relating to projects, real estate, inbound and outbound investment and private equity.
2 minute read

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