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International Edition

Paul Weiss launches in Canada with double Shearman partner hire

Paul Weiss Rifkind Wharton & Garrison has announced plans to open an office in Toronto with a double hire from Shearman & Sterling. The office, which will practise only US law, will be the US firm's first presence in Canada, alongside its other international bases in Beijing, Hong Kong, London and Tokyo.
2 minute read

International Edition

DLA enters Mongolia market with alliance deal

DLA Piper is set to enter the Mongolian legal market after securing an alliance with local firm C&G Partners. The two-partner Mongolian firm will become a DLA Piper 'focus firm', with DLA targeting local work in sectors including mining, capital markets, banking, project finance, hospitality and leisure and infrastructure. DLA Piper Asia-Pacific managing director Alastair Da Costa commented: "The relationship with C&G will enable the firm to have a presence in an emerging economy where our clients are doing increasing volumes of business.
2 minute read

International Edition

Holman hires duo for Australia energy practice

Holman Fenwick Willan has bulked up its energy practice in Australia with the hire of local partner Robert Desmond and former Clifford Chance (CC) partner Christine Ferguson. Desmond joined Holman Fenwick earlier this month as a partner in Melbourne from the local office of Australian firm Middletons. Meanwhile, Ferguson has joined the firm in Sydney as special counsel from gold exploration and development company Chaarat Gold Holdings, where she worked as in-house counsel.
2 minute read

International Edition

A Huawei backlash? China's new security regime for foreign deals bodes ill for Western lawyers

Last month, leading Chinese networking equipment maker Huawei Technologies bowed to a recommendation by the Committee on Foreign Investment in the US (CFIUS) and withdrew its attempt to purchase $2m (£1.24m) worth of server patents from California's 3Leaf Systems. The inter-agency CFIUS, charged with reviewing transactions for national security risks, had voiced concern about Huawei's possible ties to the Chinese military. Similar concerns killed Huawei's 2008 attempt to buy a stake in networking company 3Com, which was later acquired by Hewlett-Packard. In February, the Chinese company released an open letter asking the US Government to conduct a formal investigation to dispel the "rumours and misperceptions" that Huawei somehow posed a threat to US national security.
4 minute read

International Edition

10 years and still going strong: Links' Singapore JV continues to deliver the goods

Singapore's joint law venture (JLV) regime, which required international firms to pair with local firms to practise Singapore law, never had many fans. Tie-ups between Shearman & Sterling and Stamford Law Corporation; between White & Case and Colin Ng & Partners; and between Orrick Herrington & Sutcliffe and Rodyk & Davidson all ended within a few years of the programme's launch in 1999. Most of the rest folded almost as soon as Singapore announced in 2008 that it would issue licences for some foreign firms to practise local law outside of a JLV.
4 minute read

International Edition

Magic circle duo among five firms on record-breaking Singapore IPO

Freshfields Bruckhaus Deringer, Allen & Gledhill, Allen & Overy (A&O), King & Wood and Jun He Law Offices are advising on what could be the largest-ever initial public offering (IPO) in Singapore, writes The Asian Lawyer. Hutchison Port Holdings, the world's largest container port operator, is seeking as much as $4.2bn (£2.6bn) from its issue. According to the preliminary prospectus, the listing will also see an additional investment of $1.6bn (£993m) from investors including Singapore state investor Temasek Holdings, US hedge fund Paulson & Co and Cathay Life Insurance.
2 minute read

International Edition

Career Clinic: After 10 years in Asia, what jobs should I target in the UK?

"I qualified 10 years ago and immediately afterwards decided I wanted to try living in Asia. I've since spent 10 years in Thailand, firstly for seven years as an in-house consultant for the Asia branch of a business news service, and for the past three years as a company secretary for a private 100+ employee factory. "It is an easy job and I have lots of spare time to relax. I have a company car, a comfortable income, and a detached house on a private estate, and I feel that in my mid 30s I've achieved career progression and a standard of living that only those in their 40s achieve back home. I am extremely lucky indeed, and have made wise career choices. The only issue is educating my children, which is extremely expensive here.
2 minute read

International Edition

Norton Rose seals new Indonesia association

Norton Rose has launched a formal tie-up in Indonesia with Susandarini & Partners and bulked up its Australian intellectual property (IP) practice. The firm announced today (1 March) that it has formed a new association with 15-lawyer Susandarini & Partners, ending its previous relationship in Indonesia with Brigitta Rahayoe & Partners.
2 minute read

International Edition

DLA partners vote through merger deal with Australian alliance firm

Partners at DLA Piper and DLA Phillips Fox have voted in favour of a merger, with both firms now set to fully financially integrate on 1 May this year. The outcome, which was confirmed today (28 February) following a month-long voting process, will see DLA Piper's Australian best friend firm DLA Phillips Fox become part of the firm's international limited liability partnership.
2 minute read

International Edition

CC and Bonelli advise as Prada gears up for Hong Kong listing

Clifford Chance (CC) and Italian leader Bonelli Erede Pappalardo have won advisory roles as Italian fashion group Prada eyes up a float on the Hong Kong Stock Exchange. Prada has instructed Bonelli on the deal, which could see the label valued at as much as $8.2bn (£5.1bn). The firm is fielding a team led by Milan corporate partner Carlo Montagna, who is working alongside Sergio Erede. Stefano Simontacchi is advising on tax aspects of the transaction.
2 minute read

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