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International Edition

Middle East, India and Islamic finance: Is the drought over?

The sukuk market was substantially affected by the global economic downturn with sukuk issuances at the end of 2008 being less than half those at the end of 2007, according to a report issued by Standard & Poor's. The drought in sukuk issuances, which took hold in the fourth quarter of 2008 now appears to be ending. The rapid growth of the sukuk market from 2004-07 was brought to an abrupt halt at the end of 2008, and undermined the theory that the Islamic capital markets had decoupled from the conventional capital markets.
9 minute read

International Edition

Middle East, India and Islamic finance: Taking the slow road

Recently the Economist Intelligence Unit stated that: "The general election that concluded on 13 May resulted in the formation of a new coalition Government that is stronger than was expected, and this outcome will provide a significant boost to India's political and economic prospects". Since the election, we have also had the formation of a new government and the union budget on 6 July. What does this all mean for British and European businesses and their advisers, especially lawyers?
6 minute read

International Edition

Eversheds India chief appointed to business council board

Eversheds India group head Gauri Advani has been appointed to the executive board of the UK India Business Council (UKIBC). The appointment, effective earlier this month (16 July), will see Advani join the 25-member board as one of six new members from the corporate sector.
2 minute read

International Edition

FoxMandal looks for external funding as firm struggles to pay staff

FoxMandal Little is considering external funding options as the firm grapples with an increase in late payments by overseas clients. The Indian law firm has admitted that the majority of its Delhi-based fee earners were not paid last month after around 70% of the firm's overseas clients failed to pay bills on time. The firm said that many payments had been delayed from a minimum of around 90 days to up to six months.
2 minute read

International Edition

Lovells relocates London partner to Singapore for private equity launch

Lovells is moving London partner Stephanie Keen to Singapore where she will launch a local private equity practice for the firm. Keen will be responsible for setting up Lovells' Singapore private equity practice when she moves in September, with the relocation making her the firm's first private equity partner in Asia outside of China.
2 minute read

International Edition

Freshfields and A&O advise on $3.4bn China green energy deal

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have taken roles on the largest Chinese M&A deal so far this year, reports The Am Law Daily. The deal, which is set to close this week, sees Chinese power company GCL-Poly Energy acquire leading solar-cell parts manufacturer Jiangsu Zhongneng Polysilicon Technology Development for $3.4bn (£2.1bn).
2 minute read

International Edition

The Judge goes east in Lockton tie-up

Specialist after-the-event insurance broker The Judge has set up in Asia after entering into a partnership with international broker Lockton. The tie-up with one of the world's largest privately-owned brokers means The Judge will offer litigation insurance in Hong Kong and Singapore.
2 minute read

International Edition

Australia's Minter Ellison appoints new chairman

Australia's Minter Ellison has appointed a new chairman, with competition specialist Russell Miller to take on the role. The Sydney-based partner will replace Gillian Brown, who has held the post since 2006. Brown will return to full-time fee earning as head of finance in the firm's Queensland office.
2 minute read

International Edition

Bakers names new chair to oversee Southeast Asia offices

Baker & McKenzie has appointed M&A partner Clive Cook as chair of its Singapore, Malaysia and Indonesian offices. Cook is relocating to the region to take up the newly-created role as of 1 July. He will be based in Singapore and will take overall responsibility for the firm's four branches in the region - Jakarta, Kuala Lumpur, Manila and Singapore - with each office retaining a managing partner of its own.
2 minute read

International Edition

Linklaters partner duo to head up China practice

Linklaters has appointed a partner duo to head up its China practice, with Asia litigation head and Hong Kong managing partner Marc Harvey and Beijing head Celia Lam replacing Zili Shao in the role. Harvey and Lam take up their four-year terms with immediate effect after Shao was appointed as Asia managing partner in April.
2 minute read

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