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International Edition

Skadden and Sullivan advise on Samsung's $350m Germany tech purchase

Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell have landed lead roles on Samsung's $350m (£225.3m) acquisition of German technology company Novaled. Samsung Electronics and Cheil Industries this week agreed to acquire a 90% stake in the Dresden head-quartered business, as a means to break into the organic light-emitting diodes (OLED) technology market.
2 minute read

International Edition

Hill Dickinson secures second Asia base with Hong Kong launch

Hill Dickinson is to open an office in Hong Kong in association with a local law firm after receiving clearance from the region's authorities. The office, which is due to open in October, will become the firm's second base in Asia following the launch of its Singapore base in 2009 and will focus on marine-related work. Hill Dickinson has agreed terms with a local firm but, due to a confidentiality agreement, is unable to reveal its identity until the association is finalised in the coming weeks.
2 minute read

International Edition

Freshfields, Reed Smith score lead roles as Tesco mulls JV in China

Freshfields Bruckhaus Deringer and Reed Smith Richards Butler are advising Tesco and China Resources Enterprise (CRE) as the companies look to launch a joint venture for the operation of retail stores in Greater China. CRE has announced it is mulling a tie up with the UK supermarket chain to create a new entity which would be 80% controlled by CRE and 20% by Tesco.
2 minute read

International Edition

K&L Gates adds Singapore partner duo with White & Case and Watson Farley hires

K&L Gates has become the latest firm to bolster its M&A and energy teams in Singapore, with the addition of two new partners. The US firm has recruited White & Case energy specialist Lian Yok Tan to advise on project finance, corporate and commercial matters related to large oil and gas deals, whilst corporate practitioner Nicholas Hanna from Watson Farley & Williams has been appointed to work on private equity transactions and capital raising.
2 minute read

International Edition

Asia Transfer Window: recent moves including CC, White & Case and KWM

Clifford Chance is to boost its project finance practice in Tokyo with the relocation of its Paris-based project finance partner Ross Howard in September 2013. Howard, who typically advises public sector entities, sponsors and lenders on projects in the energy, natural resources and infrastructure sectors, is expected to add to the Asia finance practice as sources of project finance become more diverse.
6 minute read

International Edition

Hong Kong appoints first local Chinese public prosecutions chief

The Hong Kong Government has appointed its first Hong Kong Chinese lawyer as the new chief public prosecutor for the region, to start from September. Senior barrister Keith Yeung Kar-hung takes over from Kevin Zervos, an Australian lawyer, who has held the position for more than two years.
2 minute read

International Edition

McKenna Long & Aldridge eyes Shanghai for China debut

McKenna Long & Aldridge (MLA) is applying for a licence to open in Shanghai as it looks to join the raft of international law firms doing business in China. The US outfit said in a statement it was in the process of applying to the authorities for a licence, but gave no details as to the status of the application or when it expected to open.
3 minute read

International Edition

Sidley continues to ramp up Singapore with fourth partner hire since local licence win

Sidley Austin has hired its fourth partner in Singapore since receiving a local licence in the city-state in February, giving it a total partner headcount of eight. The US firm this week recruited project finance partner Nicholas Grambas from Gilbert + Tobin (G+T)in Melbourne, in a bid to ramp up its infrastructure-focused team.
2 minute read

International Edition

KWM, Allens act on $820m sale of Rio Tinto copper mine stake to China Molybednum

King & Wood Mallesons (KWM) and Allens Arthur Robinson have landed lead roles on the $820m sale of Rio Tinto's stake in Northparkes to China Molybednum. Rio Tinto said this week it had reached an agreement with Chinese company for the transfer of its 80% interest in the New South Wales gold and copper mine, which it expects to close by the end of the year.
2 minute read

International Edition

Bakers promotes two in Singapore as office founder appointed Judicial Commissioner

Baker & McKenzie has promoted two partners to senior roles in its Singapore office following the appointment of tax partner Edmund Leow as a Judicial Commissioner in the Supreme Court of Singapore. Leow, who will leave the firm at the end of August, was one of the founding partners of Bakers' member firm in Singapore, Baker & McKenzie Wong & Leow, with the role of managing principal and head of the firm's Singapore tax and wealth management practice.
2 minute read

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