18 JUNE 2020 Top 10 Headlines | ELIZABETH BEATTIE Eversheds Sutherland and Singapore’s Harry Elias Partnership recently announced that they were ending their three-year merger with a joint media release. The statement said the firm were parting on “good terms,” but those watching on the sidelines in Singapore have questioned why the arrangement didn’t work out, suggesting that the split is symbolic of changing expectations in the highly competitive market.
Speaking about what led to the two firms parting ways, Stephen Kitts, managing partner for Eversheds Sutherland in Asia tells ALB: “Obviously Eversheds Sutherland had some successes during the merger, but Philip (Fong, ex-managing partner of Eversheds Harry Elias) and I agreed it was better we part ways.” Read More | | | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
|
| |
| Add us to your safe sender list by following the steps below: Go to your spam/junk mailbox
1) Double click on the junk/spam email ----> select ALB EDM
2) Click on Junk
3) Select Junk Email options.
4) Select on the Safe Lists Only and click on OK.
Subscribe Now |
1) ALB Asia Insolvency and Restructuring Handbook 2020
2) ALB Guide to Employment Law in Asia 2020
3) ALB Guide to Ethics and Compliance in Asia 2020
4) ALB Guide to Private Wealth Management in Asia 2020
5) ALB Guide to Shanghai Star Market IPOs 2021
Click HERE to reserve your copies |
| Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices have advised Chinese car comparison website Bitauto and classifieds portal 58.com, both previously listed in New York, in going private with the transactions being valued at $1.1 billion and $8.7 billion, respectively. Full Article |
| White & Case has advised Thailand’s Bangkok Bank on its $2.3 billion acquisition of an 89 percent stake in Indonesia’s PT Bank Permata from Standard Chartered Bank and PT Astra International. Full Article |
| |
| Myanmar continues to generate intense investor interest in what remains one of the world’s largest frontier markets. Ever since 2011 when the country first opened its doors to foreign investment and participation, its economy has continued to surge with greater diversification of its markets and deepening sophistication of its consumer base. International investors continue to look toward Myanmar with palpable interest, given its geopolitically strategic position, abundance of natural resources, population of over 54 million (the majority of whom are under 30) and proximity to some of the most dynamic economies in the region. Full Article |
| Some 21 percent of Malaysia’s lawyers are contemplating ceasing practice or closing their law offices due to the impact of the national lockdown instituted as a response to the COVID-19 pandemic. Full Article |
| |
| Linklaters is advising Cathay Pacific Airways on its HK$39 billion ($5 billion) Hong Kong government-backed recapitalisation plan, aimed at shoring up the city’s flag-carrier at a time when airlines globally have been hit by a travel slump triggered by the coronavirus pandemic. Full Article |
| To improve connectivity between its vast regions and support economic growth, Indonesia requires more infrastructure financing than ever. As an alternative to the existing Public-Private Partnership (PPP) scheme, the Government of Indonesia has recently introduced a new form of concession, i.e. Limited Concession Scheme (“LCS”) as stipulated under Presidential Regulation No. 32/2020 on Financing of Infrastructure through Limited Right of Utilization (“PR 32/2020”). Full Article |
| |
| Submissions for ALB’s annual ranking of the best law firms for M&A in Asia are now open. Full Article |
| Legal giants led 58.com’s $8.7 BLN going private deal, AZB advises on SBI Cards $1.4 BLN IPO, and much more in this week’s Asia Deals table. Full Article |
| In this new listing, ALB will pick the most highly recommended private practice lawyers in India. These lawyers will be selected based on client feedback. Full Article |
| DeHeng grows practice with six partner hires, Bakers elevates 15 to leadership roles, and much more in this week’s Asia Appointments table. Full Article |
| |
