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International Edition

Bakers and Latham prepare Chinese investment bank for $2bn HK IPO

Baker & McKenzie and Latham & Watkins have taken lead roles for Chinese investment bank CITIC Securities on its $2bn (£1.3bn) Hong Kong listing, reports The Asian Lawyer. CITIC Securities, a subsidiary of state-owned investment company CITIC Group, is already listed on the Shanghai Stock Exchange. The bank received regulatory approval from China's financial regulator, the China Securities Regulatory Commission, for a Hong Kong listing on 1 September.
2 minute read

International Edition

Ashurst takes top role for San Miguel on $610m Malaysian oil push

Ashurst has taken the lead role advising San Miguel Corporation on its $610m (£382m) acquisition of a number of ExxonMobil subsidiaries in Malaysia, reports The Asian Lawyer. San Miguel, a Philippines conglomerate best known as a brewing company, has acquired three Malaysian divisions of the US oil giant in all-cash deals, paying $206m (£129m) for Esso Malaysia and $404m (£253m) for both ExxonMobil Malaysia and ExxonMobil Borneo.
2 minute read

International Edition

Ireland's Dillon Eustace opens second Asia base with Hong Kong launch

Irish firm Dillon Eustace has bolstered its Asian practice with an office launch in Hong Kong. Corporate and M&A partner Paul Moloney will head the office, which opened today (1 September) and will provide European financial and regulatory advice to the firm's existing Asian clients.
2 minute read

International Edition

UK leaders lay out bold plans for expansion in Asia-Pacific

Linklaters, Hogan Lovells, Ashurst and Clifford Chance (CC) are all planning to significantly ramp up their Asian operations as increasing numbers of UK and US firms look to capitalise on the region's growth potential. Linklaters is hoping to increase the amount of fee income it generates in the Asia-Pacific region to nearer 20% of global revenues over the next four years, up from 12%-13% at present.
3 minute read

International Edition

UK and Indian firms take lead as India's Piramal buys Vodafone Essar stake

Stephenson Harwood and Linklaters have advised alongside Indian firms on Piramal Healthcare's acquisition of a $640m (£389m) stake in Indian mobile operator Vodafone Essar. The trio advised on English law aspects of the deal, which saw Indian pharmaceutical group Piramal take on a 5.5% stake in Vodafone Essar.
2 minute read

International Edition

Herbert Smith announces new leader for Asia practice

Herbert Smith has appointed a new head of Asia with regional dispute resolution chief Mark Johnson set to take up the role when incumbent Ashley Alder departs next month. Johnson will take up the position on 1 October when Alder, who announced his resignation last month, leaves to take up a role as chief executive officer of the 
Hong Kong Securities and Futures Commission.
2 minute read

International Edition

Taylor Wessing opens in Singapore via tie-up with new local firm

Taylor Wessing is set to launch in Singapore through a tie-up with newly-formed local firm RHT Law. The formal cooperation agreement between the two firms is already live, with the deal coming around three months after 53 fee-earner firm RHT Law launched on 28 May.
3 minute read

International Edition

Dorsey & Whitney seals Shanghai alliance after recent local losses

Dorsey & Whitney has struck an alliance with 20-lawyer Shanghai boutique Martin Hu & Partners (MHP), reports The Asian Lawyer. The move comes as the US firm aims to bolster its presence in the city after a pair of recent departures including the exit of corporate partner Michael Chin to Hogan Lovells.
2 minute read

International Edition

Slaughters adds third New Zealand firm to secondment network

Slaughter and May has agreed a new secondment arrangement with New Zealand firm Chapman Tripp. The pair have been in discussions over the last few months and have decided to enter into a non-exclusive programme that will see junior lawyers from each firm seconded to the other for a year.
2 minute read

International Edition

K&L Gates sues former Hong Kong partner charged with forgery

A former corporate partner in K&L Gates's Hong Kong office is being sued by the firm after being arrested on charges of theft and forgery over the transfer of funds to a casino company in Macau, reports the Am Law Daily. Navin Kumar Aggarwal, who ceased to be a partner at K&L Gates on 11 June, is accused of stealing roughly $2m (£1.2m) from the accounts of RIM China and moving the funds to Wynn International Marketing last year.
3 minute read

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