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February 27, 2014 | International Edition

Herbert Smith Freehills Drops Singapore QFLP License

Singapore's Ministry of Law announced Friday that four other foreign firms renewed their licenses, which allow them to practice Singapore law in exchange for meeting certain local hiring and revenue targets, while one firm was given a one-year conditional extension.
4 minute read
February 27, 2014 | International Edition

Asia Deal Digest: February 27, 2014

* Skadden guides Holland's Vitol on $2.6 billion acquisition of Shell assets in Australia* Herbert Smith Freehills advises Chinese copper recycler on Hong Kong IPO* Wilmer and Amarchand team for $110 million Web hosting acquisition in India
6 minute read
February 26, 2014 | International Edition

Magic Circle Firms on Harbin Bank IPO

The lender is the latest Chinese commercial bank to seek a Hong Kong listing to increase capital adequacy ratios in response to tighter regulatory requirements.
1 minute read
February 20, 2014 | International Edition

Asia Deal Digest: February 20, 2014

* Weil and MoFo on Chinese consortium's $2.5 billion logistics investment* Clifford Chance advising China's Dongfeng Motor Group on a proposed $1.1 billion investment in French automaker Peugeot* Herbert Smith Freehills and Baker & McKenzie on $1.37 billion Aussie utility deal
8 minute read
February 19, 2014 | International Edition

Clifford Chance on CR Land's $2 Billion Notes Program

The property development arm of state-owned China Resources Group is expected to use the proceeds from the issues to purchase land parcels in Beijing, Shanghai and Shenzhen.
1 minute read
February 17, 2014 | International Edition

British Firms Not Conceding on U.S. Law Work in Asia

Slaughter and May's recent recruitment in Hong Kong of its first-ever lateral and first-ever U.S. law partner underscores the importance of U.S. law in Asia capital markets in particular. Though top British firms have notably failed to flourish in New York, they are determined to not let U.S. law become their Achilles heel in Hong Kong, where they face stiff competition from actual American firms.
7 minute read
February 13, 2014 | International Edition

Asia Deal Digest: February 13, 2014

* Singapore's Puma Energy turns to Cleary for a $750 million notes issue in Luxembourg* Skadden advises Chinese SOE on Alcatel-Lucent Enterprise acquisition* Maddocks and Stikeman Elliott on the $479 million acquisition of an Aussie dairy products company
6 minute read
February 10, 2014 | International Edition

Who's Afraid of China's NDRC?

Last year was a year of record fines imposed by Chinese antitrust regulators, particularly the National Development and Reform Commission. Many of those fines were handed out to foreign multinationals. The secrecy of the process and suspicions of political motives have raised alarm bells in the international business community about how China plans to wield its now five-year-old Antimonopoly Law.
6 minute read
January 30, 2014 | International Edition

Asia Deal Digest: January 30, 2014

* Stephenson Harwood guides a Vietnamese budget airline in for a $9 billion jet order* Weil advises Lenovo and Cleary guides Google on their $2.9 billion smartphone deal* Cleary has its turn acting for Lenovo on its $2.3 billion acquisition of IBM's low-end server business
10 minute read
January 27, 2014 | International Edition

Deloitte Dabbles in Chinese Legal Practice

If the Chinese arms of the Big Four accounting firms get suspended from auditing, at least one of them may have something to fall back on. Deloitte quietly opened a Shanghai law firm last year with seven professionals, the most senior of whom are also Deloitte partners.
6 minute read

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