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International Edition

New Korea disputes centre attracts London, Hong Kong and Singapore tenants

Hong Kong and Singapore's international arbitration centres are among a group of institutions which have launched in Korea this week with the opening of the new Seoul International Dispute Resolution Centre (IDRC). The Hong Kong International Arbitration Centre (HKIAC) and Singapore International Arbitration Centre (SIAC), which are currently competing to become the first choice for arbitration hearings in Asia, have each opened offices in the new campus alongside the London Court of International Arbitration (LCIA) and the Korean Commercial Arbitration Board (KCAB).
3 minute read

International Edition

Hong Kong Law Society elects new president

The Hong Kong Law Society has elected Ambrose Lam, the managing partner of local firm Lam, Lee & Lai as its new president. Lam, who specialises in conveyancing and commercial work and replaces corporate partner Dieter Yih from Milbank Tweed & Hadley, will lead the 20 member council and governing body of the Law Society for a minimum of one year with effect from this month.
2 minute read

International Edition

A&O boosts Australian litigation practice with Corrs partner hire

Allen & Overy (A&O) has added to its Australian litigation practice with the hire of Corrs Chambers Westgarth (CCW) partner Mark van Brakel. Brakel, who is based in Perth as the first litigation partner in that office, specialises in advising energy and resources companies on everything from engineering, project and joint venture disputes, to contentious matters involving directors and shareholders.
3 minute read

International Edition

Eight US firms close China's largest-ever leveraged buyout

Seven US firms have come out on top this week after completing China's biggest ever management buyout - the $3.7bn (£2.2bn) take private of Chinese advertising display company Focus Media Holding. The deal, which finally closed last night, received shareholder approval in April for a buyer consortium to acquire the remaining shares in the Nasdaq-listed company for $27.50 per American Depositary Share.
3 minute read

International Edition

King & Wood Mallesons appoints new Australia head in management shake up

King & Wood Mallesons (KWM) has appointed a new Australia managing partner just days after the announcement that its former country head, Tony O'Malley, is to step down. Landing the top job is Sydney-based partner Sue Kench, who is head of the firm's construction and property practice and who has been employed with Mallesons Stephen Jaques for 20 years.
3 minute read

International Edition

Singapore

Singapore's legal market is gradually liberalising and, with it, the competition keeps flying in. Elizabeth Broomhall finds out what's in store for southeast Asia's latest glittering legal hub
1 minute read

International Edition

BLP, Olswang and DLA Piper among firms eyeing tie-ups with Singapore outfits

Berwin Leighton Paisner (BLP), King & Spalding, Olswang, DLA Piper and K&L Gates are among a group of international law firms eyeing tie-ups with local firms in Singapore after missing out on licences to launch their own local practices earlier this year. The firms have confirmed they would be open to a partnership with a Singaporean outfit, with some looking at a Joint Law Venture (JLV) and others considering a Formal Law Alliance (FLA). All were among 19 unsuccessful applicants for Qualifying Foreign Law Practice (QFLP) licences.
2 minute read

International Edition

Why Hong Kong should move away from its outdated system and embrace success fees

The legal profession in Hong Kong has long resisted it. Common law prohibits it. And professional sensibility makes many cringe at its very mention. But the local case of barrister Louie Mui has reignited the debate about conditional and contingency fees in Hong Kong. For this lawyer at least, it's time to start listening to what clients want. Many of us have spent large portions of our careers advising clients on what they need rather than what they tell us they want, so I say this guardedly. However, demand for conditional or contingency fees is intensifying, partly as a function of pressure generally from clients for lawyers to provide viable alternative fee arrangements, and partly because clients are actively exercising their right to enter a debate previously off limits to all but a select few.
5 minute read

International Edition

MoFo launches FCPA practice in Singapore

Morrison & Foerster (Mofo) has launched an anti-corruption practice in Singapore with the relocation of Daniel Levison from its Tokyo base. The US firm, which re-opened in the Asian city-state in January after closing in 2009, now has three full time partners in Singapore with ambitious plans to boost its capabilities there.
3 minute read

International Edition

US trio land lead roles on take-private of China tech outsourcing giant

Orrick Herrington & Sutcliffe, Ropes & Gray and Cleary Gottlieb Steen & Hamilton have lined up to advise on the management buyout of China's largest technology outsourcing company, Pactera Technology International. The $680.3m (£448m) deal is the latest in a string of Asian take-privates, whereby Chinese business managers are delisting their companies from US stock exchanges in tandem with private equity groups.
3 minute read

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