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International Edition

A&O up front on Manchester United's $1bn Singapore initial public offering

Allen & Overy (A&O) is set for a headline role on Manchester United's planned $1bn (£640m) Singapore initial public offering (IPO). The magic circle firm is understood to be advising longstanding client Man Utd on the listing, with global corporate co-head and relationship partner Andrew Ballheimer leading the firm's team.
3 minute read

International Edition

Latham and Linklaters take lead roles on first French 'dim sum' bond

Linklaters and Latham & Watkins have advised on the first renminbi-denominated bond by a French company, reports The Asian Lawyer. L'Air Liquide, a French producer of industrial and medical gases, has guaranteed the issue of two tranches of bonds, worth $400m (£256m), by its subsidiary, Air Liquide Finance. The bonds were listed on the Hong Kong Stock Exchange on 19 September.
2 minute read

International Edition

US quartet lead on $1.6bn Asia tech deal

Paul Weiss Rifkind Wharton & Garrison, Goodwin Procter, Simpson Thacher & Bartlett and Debevoise & Plimpton have advised on a deal which has seen a consortium of investors offer $1.6bn (£1bn) for a stake in Chinese e-commerce giant Alibaba Group, writes The Asian Lawyer. The consortium includes Silicon Valley private equity firm Silver Lake Technology Management, Moscow-based venture capital group Digital Sky Technologies (DST) Global, Singaporean sovereign wealth fund Temasek Holdings and Yunfeng Capital, an investment group led by Alibaba founder and chief executive officer Jack Ma. If the consortium's tender offer is fully subscribed, the consortium will acquire slightly less than 5% of the company, which is listed on the Hong Kong Stock Exchange.
2 minute read

International Edition

The new equation - Ashurst does the math on a fast-changing world

What is the world coming to when Ashurst – of all firms – pulls off a deal that is both globally transformative (for it) and hugely illustrative of the current shifts in the international market? True, you wouldn't necessarily know the deal carries that much weight from the initial reaction. That's largely due to the novel structure used to bind the two firms, which has left rivals somewhat nonplussed.
3 minute read

International Edition

Cracking China – has Mandarin become de rigueur for modern Asian counsel?

For would-be new hires at several international law firms in China and Hong Kong, speaking Mandarin has come to be a strict and unyielding prerequisite. "Certainly from our point of view, hiring someone in Hong Kong without Chinese language speaking skills is a waste of time," says Antony Dapiran, a fluent Mandarin speaker and capital markets partner with Davis Polk & Wardwell in Hong Kong. "I honestly do not see how they can function, especially if they are dealing with capital markets work."
5 minute read

International Edition

Asia growth and partner shake-up on agenda as Ashurst seals Blakes deal

Ashurst will move to ramp up its lawyer headcount in Asia and shake up its partner remuneration over the next three years in the wake of its ambitious tie-up with leading Australian firm Blake Dawson. The City law firm, which agreed the union with Blakes last week (23 September), is planning to sharply increase joint lawyer numbers in Asia from around 155 lawyers at present. One Ashurst partner predicted the Asia headcount could double by 2014.
5 minute read

International Edition

Blake Dawson hires for Asia employment launch ahead of potential Ashurst tie-up

Blake Dawson is set to launch an Asian employment practice with a partner hire from Australian rival Freehills. Employment partner George Cooper will join Blake Dawson's Singapore office from mid-October, and will head up the new employment practice across Asia.
2 minute read

International Edition

Clydes adds Stephenson Harwood construction partner to Hong Kong arm

Clyde & Co has bulked up its Hong Kong arm with the hire of a construction partner from Stephenson Harwood. Gilbert Kwok joined the firm this month after one year in Stephenson Harwood's Hong Kong litigation group.
2 minute read

International Edition

Independent law firm network Lex Mundi names Clayton Utz partner as new chair

Clayton Utz partner Simon Truskett has been elected chair of independent law firm network Lex Mundi. Truskett, a senior partner in the Australian firm's corporate and M&A group, was elected to the role by the international network's board of directors at its annual meeting in Vienna this month (10 September).
2 minute read

International Edition

A&O moves to restock Hong Kong banking team with City partner transfer

Allen & Overy (A&O) has moved to rebuild its Hong Kong banking practice with the relocation of City partner Ian Powell to the office. The transfer comes after A&O last month saw the departure of Hong Kong finance partner Ashley Young to Kirland & Ellis's local office. Young is moving to the US firm alongside senior associate Douglas Murning, who is joining as a partner.
2 minute read

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