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International Edition

Linklaters recruits Bakers antitrust partner in Hong Kong

Linklaters has hired rated antitrust lawyer Clara Ingen-Housz from Baker & McKenzie for the magic circle's Hong Kong office. Ingen-Housz, who is ranked band two by Chambers and Partners for China antitrust work, will join Linklaters in October in a boost for its pan-Asian practice. The firm's existing China competition practice will continue to be led by Fay Zhou and Cheng Yuan in Beijing.
2 minute read

International Edition

US firm Seyfarth Shaw launches in Australia with eight partner hires from HSF, Ashurst

Chicago employment firm Seyfarth Shaw has launched in Australia this week with the hire of eight partners from three firms. The US outfit took five partners from Herbert Smith Freehills, two from Ashurst and one from Arnold Bloch Leibler, for the opening of offices in Sydney and Melbourne.
2 minute read

International Edition

RPC sees turnover rise 20% after launches in Hong Kong and Bristol

RPC has defied the continued economic downturn to post a 20% hike in turnover in 2012-12, with the expansive firm's revenue rising from £68m to £82.1m. The results come after the firm's revenue climbed by 13% during the previous financial year, meaning fee income has soared by 36% over the last two years compared with a 2010-11 equivalent of £60.3m.
2 minute read

International Edition

Legal recruiter sues Davis Polk for $1.4m over hire of CC HK partner duo

Davis Polk & Wardwell is being sued for $1.4m (£899,000) by a legal recruiter who claims he played a key role in the firm's hire of top-ranked Hong Kong litigation partners Martin Rogers and James Wadham from Clifford Chance (CC). Rogers - CC's former Asia-Pacific litigation and dispute resolution head - and Wadham were hired by David Polk last December.
4 minute read

International Edition

SJ Berwin partners prepare to discuss KWM merger at annual retreat

SJ Berwin partners are set to discuss the firm's potential tie-up with Asia Pacific leader King & Wood Mallesons (KWM) at a partner conference this weekend (8-9 June), as the two firms edge closer to voting on the deal. Partners will discuss the union at the UK firm's annual partner retreat, which is being held in Marbella this year. It is understood that the potential tie-up, which would see SJ Berwin joining KWM's Swiss Verein structure, has been loosely discussed at previous partner meetings but not formally with the partnership as a whole. Issues likely to be covered include the merged firm's name, with SJ Berwin's name potentially set to disappear.
2 minute read

International Edition

Norton Rose Fulbright sets sights on key Africa markets and US west coast

Norton Rose Fulbright is eyeing expansion into new markets in Africa and the west coast of the US, as the newly merged firm's transatlantic tie-up gets off the ground. The $2bn (£1.3bn) firm, which went live at the start of this week through the combination of Norton Rose and Texas firm Fulbright & Jaworski, is already considering further geographies into which it could expand. In Africa – where the firm currently has bases in South Africa, Morocco and Tanzania – Nigeria, Egypt, Mozambique and Angola have all been identified as potential destinations for office launches, while a move into northern California is also under discussion.
3 minute read

International Edition

International firms in Hong Kong put high-yield dim sum bonds on the menu

International law firms in Hong Kong are picking up growing numbers of advisory mandates on high-yield dim sum bonds, following a surge in investor appetite for the product over the last quarter. Firms such as Linklaters, Davis Polk & Wardwell, Morrison & Foerster (MoFo) and Skadden Arps Slate Meagher & Flom are among the international players turning their attention to the market as a string of sub-investment grade Chinese companies consider new fundraising options. To date issuances of renminbi (RMB) denominated 'junk' bonds have been almost unheard of in the region, with the RMB bond market dominated by investment-grade issuers since the first dim sum bonds were issued by Chinese banks in Hong Kong in 2007.
4 minute read

International Edition

Sullivan and Simpson Thacher advise on £3.1bn Japan listing of Suntory unit

Simpson Thacher & Bartlett and Sullivan & Cromwell have scored lead roles on the $4.7bn (£3.1bn) initial public offering (IPO) of Suntory Holdings's non-alcoholic drinks arm, Suntory Beverage & Food (SB&F). The Japanese drinks giant received approval for the listing the subsidiary business last week, which it plans to list on the Tokyo Stock Exchange in July with 125.2m shares up for sale at Y3,800 (£24.72) each.
2 minute read

International Edition

Simpson Thacher and Kirkland advise on Hong Kong IPO of Chinese luxury car dealer

Simpson Thacher & Bartlett and Kirkland & Ellis have advised on the Hong Kong listing of China Harmony Auto Holding. The two US firms closed the deal this week, with the luxury car dealer reportedly selling 275 million shares at HK$6.08 to HK$8.88 each in the hopes of raising HK$2.4bn (£203m).
2 minute read

International Edition

Five firms lead on landmark $7.1bn China takeover of US meat giant

Five US firms have taken lead roles on a major M&A deal which is set to become the largest-ever Chinese takeover of a US company. China meat processing giant Shuanghui International Holdings has this week offered to buy the world's largest pork producer, Smithfield Foods, for a price of $7.1bn (£4.7bn).
2 minute read

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