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Hong Kong horizons - what will the Asian legal market look like in 2021?
Key Asian economies have established themselves globally as the West falters. Sofia Lind asks what the regional economy will look like in 2021China's Jun He continues recent growth with Weil Gotshal hire
Leading Chinese firm Jun He Law Offices has bolstered its Beijing corporate practice with a hire from Weil Gotshal & Manges, marking the firm's fourth new partner addition since August. Jasson Han is set to rejoin Jun He as a partner, after leaving in 1993 to pursue a degree in commercial law. Since then, he has worked at Simmons & Simmons in London and Hong Kong, and then in Weil Gotshal's Beijing and Hong Kong offices as a partner-level senior consultant.King of the hill – will Chinese law firms monopolise local competition work?
In July, Nestle announced it had agreed to pay $1.7bn (£1.08bn) to acquire a controlling interest in Chinese candy company Hsu Fu Chi International. The proposed deal would be the largest-ever acquisition in China by a foreign multinational and would help the Vevey, a Switzerland-based food giant, cement its position in the world's most important growth market. If Nestle is able to pull the deal off, it may just have Susan Ning to thank, above all. Head of the antitrust group and a senior partner at King & Wood, Ning is aiming to guide Nestle around what is likely the biggest obstacle to its deal: China's three-year-old anti-monopoly law. The last time a large multinational attempted a similar acquisition – Coca-Cola's $2bn (£1.28bn) bid for China Huiyuan Juice Group in 2008 – the Chinese Ministry of Commerce (MOFCOM) shot it down on antitrust review.Independent law firm network Lex Mundi names Clayton Utz partner as new chair
Clayton Utz partner Simon Truskett has been elected chair of independent law firm network Lex Mundi. Truskett, a senior partner in the Australian firm's corporate and M&A group, was elected to the role by the international network's board of directors at its annual meeting in Vienna this month (10 September).Slaughters ups secondments to referral firms in Asia
Slaughter and May is set to tighten its relationships with local firms in Asia, with the firm planning to increase secondments to the region and send lawyers to Korea for the first time. The elite law firm is aiming to increase its lawyer secondments across Asia in general but particularly in Japan – where it works with firms including Anderson Mori & Tomotsune and Nagashima Ohno & Tsunematsu – and South Korea, where despite links with Kim & Chang and Shin & Kim the firm has not carried out secondments to date.
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New Jersey Real Estate Brokerage Law 2024
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Chinese firms enter London legal market to warm reception as expansion tops agenda
In a meeting room on the 40th floor of a Beijing office tower, Rupert Li, International managing partner of the Chinese firm King & Wood, contemplates a trip to London. Li, who joined the Chinese giant from Clifford Chance in 2010, notes that his visits to the UK have now taken on a more pleasant hue as local firms, which formerly considered him a competitor, now give him a warm reception.Hogan Lovells appoints new MP for Beijing office following Jones Day departure
Hogan Lovells has appointed a new managing partner in Beijing following the departure of intellectual property (IP) partner Horace Lam to Jones Day. Lam left Hogan Lovells to join Jones Day on 23 May and has been replaced by corporate partner Jun Wei, a corporate and commercial partner focusing on M&A, private equity and project financing. Wei advises multinational companies and financial institutions on structuring their investments in China and dealing with Chinese regulatory agencies.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.Ex-Lovells Beijing head leaves AllBright to join elite Chinese firm
The former Lovells partner who helped kick off a trend last year by joining Chinese firm AllBright Law Offices has moved on to a bigger role at an elite domestic practice, writes The Asian Lawyer. Robert Lewis this month confirmed that he had left 380-lawyer AllBright to join Beijing's Zhong Lun Law Offices as international managing partner. In his new role, Lewis will work with Zhong Lun managing partner Zhang Xuebing to develop the firm's cross-border practice, focusing on both inbound foreign investment and outbound deals on behalf of Chinese companies.Outward bound - can Chinese giant King & Wood join the global aristocracy?
Wang Junfeng does not come across as an empire builder. Chatting in an office strewn with Chinese antiques in Beijing's Guomao skyscraper district, the 48-year-old chairman of Chinese law firm King & Wood sounds modest about where his firm stands relative to the big names from UK and America. "The legal society here really admires the US and UK professions," says Wang. "They have such a long history. And in the last 20 to 30 years, the foreign law firms here have really given a lot of support."TRENDING STORIES
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