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9 firms advise on milestone $8.2 bln cross-border insurance deal
by Sarah Wong

Global law firms Debevoise & Plimpton, Kirkland & Ellis and Herbert Smith Freehills are acting for Bermuda-based insurer Resolution Life on its $8.2 billion sale to Japan’s Nippon Life Insurance, the largest overseas acquisition by a Japanese insurer to date. 

Nippon Life, Japan's largest insurer by asset size, has enlisted a team of legal advisors for this all-cash acquisition, including Japanese Big Four firm Nishimura & Asahi, Mayer Brown, DLA Piper, Ashurst, New Zealand's Bell Gully, and Bermuda firm ASW Law.


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Other News

K&L Gates private client partner joins Mishcon HK association firm
Hong Kong’s Karas So, which operates in association with Mishcon de Reya, has hired Tan Choo Lye as a partner from U.S. law firm K&L Gates. Tan brings with her experience in cross-border deals and private client services.

Top international firms act on landmark $7.1 bln ESR take-private deal
Global law firms Freshfields, Latham & Watkins, Kirkland & Ellis, Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton have steered an offer to take the Hong Kong-listed ESR Group private in a deal valued at $7.1 billion.

K&L China cap markets co-head joins new HK boutique
Recently launched Hong Kong boutique law firm Edwin Kwok & Co has significantly bolstered its capital markets and corporate capabilities with the addition of partner Iris Leung, who previously co-led U.S. law firm K&L Gates’ capital markets practice in China.

HKIAC opens 2nd mainland rep office in Beijing
The Hong Kong International Arbitration Centre (HKIAC) has officially opened its Beijing Representative Office, becoming the first offshore arbitration institution to establish a presence in the Chinese capital.

BKL, Yoon & Yang guide $640 mln Korean real estate deal
Top South Korean firms Bae, Kim & Lee and Yoon & Yang have advised the seller and buyer, respectively, in the acquisition of Donuimun D Tower in central Seoul by NH Nonghyup REITs Management for $640 million from Mastern Asset Management.

Japan’s Oh-Ebashi hires tax partner from TMI Associates
Japanese law firm Oh-Ebashi LPC & Partners has welcomed veteran tax lawyer Hidehiro Utsumi as a partner from Big Five firm TMI Associates.

Fangda, KWM act on HKAA’s $592 mln acquisition of Zhuhai Airport stake
Fangda Partners has advised the Hong Kong Airport Authority (HKAA) on its agreement to purchase a 35 percent stake in Zhuhai Airport for approximately $592 million, with King & Wood Mallesons representing the seller, Zhuhai Transportation.

Leading Singapore-based silk joins UK’s Blackstone Chambers
Leading international commercial disputes specialist Sapna Jhangiani KC has joined Blackstone Chambers, the London-based barristers' set has announced.

Milbank becomes 2nd U.S. law firm to shutter mainland office in a week
U.S. law firm Milbank has confirmed to ALB that it will close its Beijing office, which has been operating for 18 years. This makes it the second top-tier U.S. law firm, after Paul, Weiss, to announce its intention to call time on its mainland operations this week.


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