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International Edition

Latham boosts Hong Kong disputes team with senior Sidley hire

Latham & Watkins has expanded its Hong Kong disputes team with the hire of arbitration partner Ing Loong Yang from Sidley Austin. Yang, previously the co-chair of Sidley's international arbitration practice and an experienced litigator, has joined Latham to work alongside Hong Kong partner Simon Powell and of counsel Eleanor Lam.
2 minute read

International Edition

Simmons gears up for Singapore launch with Norton Rose hire

Simmons & Simmons has hired a banking and finance partner from Norton Rose in Sydney as it gears up to launch in Singapore. Dan Marjanovic will initially be based in Simmons' Hong Kong office but will move over to Singapore to help launch the firm's office there once it receives regulatory approval, which is expected to come through later this spring.
2 minute read

International Edition

Malaysia to open doors to global firms practising local law

Up to five international law firms could secure licences to enter the country later this year as Qualified Foreign Law Firms (QFLF) should the Legal Profession Amendment Act 2012 become law by summer as planned. According to the Malaysian Bar Council, successful firms will need to demonstrate international Islamic finance capacity in order to qualify for the QFLF licence, which will be valid for three years initially and will allow them to set up their own offices practicing in specific areas, excluding those such as family law and local litigation.
3 minute read

International Edition

Cleary and Herbert Smith Freehills lead on $2bn India power transaction

Herbert Smith Freehills (HSF) and Cleary Gottlieb Steen & Hamilton are among a clutch of firms to have advised on the Indian Government's $2.14bn (£1.4bn) sale of a stake in NTPC, one of the country's largest state-owned power companies. The sale amounted to 9.5% of the company and follows a succession of similar deals by the Government as it attempts to raise around $6bn (£4bn) to reduce its budget deficit.
2 minute read

International Edition

Beijing-bound firms face culture challenge as global elite flock to Chinese capital

Home to cash-rich state-owned enterprises (SOEs) and a huge urban population, Beijing – like Singapore, Hong Kong and, more latterly, Korea – has long been a focus for international law firms. This year in particular looks set to see a raft of firms open up in the Chinese capital, with Berwin Leighton Paisner last month announcing plans to launch there in May, while a string of other firms – including Ashurst, Kirkland & Ellis, Eversheds, Gibson Dunn & Crutcher and Clyde & Co – also expect to receive their licences to practise in the coming months. Those that already have offices on the ground have also been busy ramping up their offerings. DLA Piper announced in January that it had hired a five-strong King & Wood Mallesons (KWM) team for Beijing, including projects partner Carolyn Dong. Norton Rose has brought in three new Beijing partners since March 2012: banking partner Li Jinnan from KWM, corporate partner Jing Wang from Allen & Overy and corporate partner Barbara Li from Baker & McKenzie.
6 minute read

International Edition

Stephenson Harwood London partner joins Hong Kong's HWB in double hire

Hong Kong firm Howse Williams Bowers (HWB) has boosted its corporate team with a double hire including Stephenson Harwood London partner Peter Bradley. Bradley, who is ranked in band 2 by Chambers and Partners for Alternative Investment Market listings, is joining from from Stephenson Harwood's City office, alongside capital markets and M&A lawyer Chia Ching from Reed Smith Richards Butler (RSRB), the Hong Kong arm of Reed Smith.
2 minute read

International Edition

CC revamps partnership council with Beijing and US members elected

Clifford Chance (CC) has elected two new members to its partnership council, with Washington DC banking and finance partner Catherine McCarthy and Beijing M&A corporate partner Tim Wang joining the group. The pair will succeed Asia disputes partner Martin Rogers and Frankfurt corporate partner Daniela Weber-Rey and will serve a three-year term kicking off on 19 March 2013.
2 minute read

International Edition

Hong Kong – three-year overview

A comprehensive look at the top M&A deals in Hong Kong from the past three years, featuring mandates for Freshfields Bruckhaus Deringer, Allen & Overy and Slaughter and May
1 minute read

International Edition

Law firms must have a clear strategy to survive unparalleled change in the market

While the legal profession has seen a slight recovery from the dark days of 2008, the sector is still facing challenging times. This recession is unlike any other. The market is going through unparalleled change, is increasingly oversupplied and is facing mounting regulatory pressures. So what can law firms do to survive and prosper amid the turbulent headwinds? In my role, I deal with a diverse range of legal businesses, from magic circle to high street firms.
5 minute read

International Edition

DLA Piper cuts 10 Hong Kong jobs in capital markets amid IPO slump

DLA Piper has made around 10 job cuts in Hong Kong amid an ongoing drop-off in capital markets work in the region. The group, which comprises associates and legal assistants in the firm's regional capital markets practice, is understood to have been laid off last month after news emerged in December that the firm planned to make a small number of redundancies across its Asia Pacific offices.
3 minute read

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