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International Edition

Latham, Shepherd and Wedderburn lead on $9.6bn Indian oil buyout

Latham & Watkins and Shepherd and Wedderburn have lined up alongside two Indian law firms on the $9.6bn (£6.1bn) acquisition of a majority stake in oil company Cairn India by Vedanta Resources, India's largest mining company. Vedanta is looking to purchase between 51% and 60% of Cairn India, which is 62% owned by the Edinburgh-based FTSE 100 oil firm Cairn Energy.
2 minute read

International Edition

Ex-DLA partner charged with payroll forgery sees two-month sentence cut

A former DLA Piper Singapore partner who was sentenced to two months in prison for lying about his annual compensation when moving firms has had his sentence cut to just one day on appeal, reports The Am Law Daily. Rudy Lim, the former head of DLA's Indonesia practice, will now serve just one day in jail and pay a $10,000 (£6,400) fine. Lim was disbarred in the UK as a result of telling US firm Duane Morris that his monthly drawings at DLA were $65,000 ($41,000) rather than the true figure of $25,000 (£16,000).
3 minute read

International Edition

Freshfields Beijing managing partner joins Davis Polk for HK law launch

Freshfields Bruckhaus Deringer's Beijing managing partner is leaving the firm to launch a Hong Kong law practice for Davis Polk & Wardwell, reports The Am Law Daily. Antony Dapiran (pictured), a capital markets lawyer at Freshfields, has taken roles on several high-profile transactions for Chinese state-owned enterprises, including working side-by-side with Davis Polk representing Agricultural Bank of China on its dual listing in Hong Kong and Shanghai, which this week became the world's largest initial public offering (IPO) ever with over $22bn (£14bn) raised.
3 minute read

International Edition

Australian firms follow UK counterparts with eco-friendly alliance

Norton Rose and DLA Piper's Australian arms have helped to found a new alliance of law firms which will aim to reduce the legal profession's carbon footprint in the country. The Australian Legal Sector Alliance (AusLSA), which is modelled on the UK's Legal Sector Alliance (LSA), aims to promote environmentally friendly sustainable practices and encourage corporate social responsibility. The UK LSA was founded in 2007 and now has a membership of around 200 legal firms.
2 minute read

International Edition

A&O recruits first native Saudi partner with corporate hire from associate firm

Allen & Overy has recruited its first native Saudi Arabian partner with a hire from its associate firm Abdulaziz Al Gasim (AAG) in Riyadh. Corporate partner Zeyad Khoshaim, who is both New York and Saudi Arabian qualified, will continue to be based in AAG's Riyadh office. His practice focuses on transactional and energy work, as well as initial public offerings, private placements and debt issues.
2 minute read

International Edition

Trio of firms line up on Rio Tinto's $2bn joint venture with Chinese aluminium giant

Linklaters, Baker & McKenzie and Allens Arthur Robinson have all advised on the $2bn (£1.3bn) joint venture between Rio Tinto and Chalco to build a new mine, rail and port infrastructure in Guinea. Linklaters advised Rio on UK and US law with a team led by corporate partner James Inglis alongside competition partner Gavin Robert, tax partner Elizabeth Conway and US corporate partner Tom Shropshire. Allens also acted for Rio with a team comprising energy partners Scott Langford, Nic Tole and Ted Hill, banking and finance partner Steve Pemberton and M&A partner Richard Kriedemann.
2 minute read

International Edition

Hogan Lovells enters Mongolia market with formal alliance

Hogan Lovells has agreed a formal alliance with Mongolian law firm GTs Advocates, marking the first transatlantic firm to enter the East Asian country. The alliance comes after an existing informal referral relationship between GTs Advocates and the legacy Lovells. The practice will be headed up by Hogan Lovells partner Michael Aldrich, who has relocated to the region. Aldrich has been seconded to GTs since 2009, prior to which he was a partner in Lovells' Beijing office. He will continue his client work in China alongside his role in Mongolia.
2 minute read

International Edition

Cracks in the Great Wall - GE's lawyers on labour strife in China

China is widely viewed as a tightly-controlled society, which is why this spring's labour strife headlines surprised so many people. A car maker was hit with a series of strikes and an electronics manufacturer was shaken by a string of employee suicides. Chinese Government officials, who usually clamp down on labour unrest and suppress news coverage, allowed employees to criticise the companies for weeks - and state-run media to report what they said. But lawyers at General Electric (GE) already knew that China's is a challenging labour environment. Two years ago, employees at a GE plant near Shanghai went on strike and even locked their managers inside the building. The dispute received no publicity - unlike this year's strikes at Honda or the turmoil at Foxconn Technology, where nine employees committed suicide (and four tried to) during the first five months of 2010.
6 minute read

International Edition

Gibson Dunn launches in Hong Kong with hire of General Electric veteran

Gibson Dunn & Crutcher is to open an office in Hong Kong this year as the top 20 US law firm moves extend its compliance and white collar crime practice into Asia. The new office will be led by Kelly Austin, who joins the firm as a partner from General Electric International in Hong Kong, where she has been for the last eight years. She specialises in Asia-wide Foreign Corrupt Practices Act (FCPA) and compliance matters. Austin will be joined by Gibson Dunn corporate partner Joseph Barbeau, who is relocating from the firm's Palo Alto office, and associate Kate Yin, who is relocating from its Los Angeles office.
2 minute read

International Edition

Linklaters' Singapore JV firm advises on $2.6bn hospital chain buyout

Linklaters' Singapore joint venture firm Allen & Gledhill has taken a lead role on the $2.6bn (£1.7bn) acquisition of Southeast Asia's largest hospital chain by Malaysia's sovereign wealth fund, reports The Am Law Daily. The bid by a wholly-owned subsidiary of Khazanah Nasional, an investment arm of the Malaysian Government, beat out a $2.3bn (£1.5bn) bid by India's Fortis Healthcare to acquire hospital chain Parkway Holdings. Khazanah was represented on the deal by Allen & Gledhill, Singapore's largest law firm. M&A co-heads Andrew Lim and Lim Mei led the team, which also included partner Lee Kee Ying. Allen & Gledhill also is advising Deutsche Bank and CIMB Bank Berhad, the financial advisers on the deal.
2 minute read

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