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International Edition

Skadden builds in Asia with Shanghai debut

Skadden Arps Slate Meagher & Flom will launch an office in Shanghai on Monday (18 February), with the relocation of corporate partner Gregory Miao, previously sharing his time between Hong Kong and Beijing. The branch will focus on M&A, corporate and real estate, with Miao leading the corporate practice and Ed Sheremeta heading up its real estate division.
2 minute read

International Edition

Howrey hits India for 'low-cost option'

Howrey is to become the first major US firm to open an office in India, writes The American Lawyer, in a move the intellectual property (IP) specialist hopes will give its clients a low-cost option for document management. The new branch, which will open in Pune this month with around 15 staff, will handle documents in litigation, IP and arbitration matters pending around the world. Clients will have the choice of whether to use the Indian office or keep work in the US.
2 minute read

International Edition

HSBC launches offshore legal team for bulk work

HSBC is pioneering an offshore legal function to service its UK volume legal queries, in a move that threatens to make corporate counsel the latest back-office commodity to be relocated to Asia. The FTSE 100 banking giant has set up a team of four lawyers in its global service centre in Malaysia's capital, Kuala Lumpur, and has said that it may open up the facility to the bank's legal functions in other jurisdictions. It is understood to be the first major UK financial institution to make such a move.
2 minute read

International Edition

ConocoPhillips appoints eLong GC as China head

US oil and gas giant ConocoPhillips has appointed its first-ever legal director for China, hiring eLong general counsel Hal Fiske for the role. Fiske left eLong in mid-December after two years at the online travel service provider, a partially-owned subsidiary of US online travel giant Expedia. He joined eLong from US firm Baker & McKenzie and is yet to be replaced.
1 minute read

International Edition

Commentary: Russian IPOs - hoping East keeps on meeting West

As a cautious breed, lawyers are often the last to get excited about what they read in the press. So when claims emerged last week that Russian aluminium giant RUSAL was planning to turn its back on London in favour of a float in Hong Kong, many senior capital markets lawyers were yet to press the panic button. But whether or not there are any legs to the story, one firm that should view such talk as a warning shot is Ashurst. The City firm is advising on the listing alongside Cleary Gottlieb Steen & Hamilton, but would risk losing its role if the offer moves away from London, as it has no office in Hong Kong.The stakes are considerable - Ashurst has advised RUSAL, the world's largest aluminium producer, on most of its biggest corporate deals to date, a track record that has made the company one of its most lucrative clients. The firm is currently advising on its acquisition of a stake in Norilsk Nickel and took a lead role on its $30bn (£15.2bn) merger with Sual in 2006.
4 minute read

International Edition

Ashurst adds to Tokyo project finance team

Ashurst has hired a new project finance partner in Japan after the addition of White & Case partner Matthias Schemuth, who joined the City giant on Monday (4 February). Schemuth becomes the third partner in Ashurst's Tokyo finance group. He spent seven years at White & Case, where he was a partner in the Hong Kong energy, infrastructure, project finance and asset finance group.
2 minute read

International Edition

Cleary called in for Reliance's record Indian IPO

Cleary Gottlieb Steen & Hamilton has bagged a lead role advising on the $2.93bn (£1.48bn) initial public offering (IPO) of Indian energy group Reliance Power - understood to be the largest IPO seen to date in the key emerging market. Cleary advised the underwriters, led by investment banks Kotak Mahindra Capital Company and UBS Securities India, on the listing on the Bombay Stock Exchange and the National Stock Exchange of India.
2 minute read

International Edition

Lovells hires new partner in Beijing

Lovells has moved to boost its Chinese corporate practice with the hire of White & Case partner Fred Chang. Chang will join Lovells' Beijing office as a partner in the coming weeks. Chang, who focuses on structured credit work for investment banks, was previously based at the Beijing office of White & Case, having only joined the US firm in 2006 from Chinese practice King & Wood.
2 minute read

International Edition

Singapore arm of Swiss bank names legal head

The Singapore subsidiary of Swiss financial institution Bank Sarasin & Co has appointed Conrad Lim as its head of legal for Asia and the Middle East.
1 minute read

International Edition

A&O and Ashurst among firms under scrutiny for Pakistan government ties

Allen & Overy (A&O), Ashurst and Arnold & Porter have found themselves under the spotlight for their links with the Government of Pakistan, in the wake of growing unease among the UK legal profession over the regime's clashes with local lawyers. The three firms have previously advised the Pakistani Government, which was recently criticised by the UK's Law Society and Bar Council for the escalating political crisis in the region which has affected the country's under-fire legal community.
3 minute read

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