Asian Deals

Deal Watch: Two Big Firms Advise on Scuttled Unilever-Kraft Heinz Merger

Linklaters and Paul Weiss landed lead roles on a since aborted $143 billion takeover bid for London-based Unilever plc by Pittsburgh-based Kraft Heinz Foods Co., a megamerger that would have united two of the world’s largest food companies.

Japan
Five Am Law 100 Firms on $3.3B SoftBank-Fortress Deal

By Anna Zhang |

Weil, Kirkland, Skadden, Davis Polk and Paul Weiss advise as the Japanese technology investor buys the New York-based asset management firm.

Andrew Saker

Litigation Funder Bentham, Fortress Seek to Tap US Litigation Market

On the same day that Fortress Investment Group announced its $3.3 billion sale to Japan’s SoftBank, a unit of the investment giant partnered with Australian litigation funder IMF Bentham on a U.S. litigation funding finance vehicle worth up to $200 million. The move comes two months after two rival litigation financiers agreed to merge.

Hong Kong
The Asian Lawyer Announces Finalists for 2017 Asian Legal Awards

By Asian Lawyer |

Davis Polk, Hogan Lovells, Freshfields and Linklaters are among the contestants for the awards that will be announced on February 22 at the Four Seasons Hotel in Hong Kong.

China
Alibaba Returns to Slaughter and May for $2.6B Retail Deal

By Anna Zhang |

Slaughter and May is advising Alibaba Group Holding Ltd. on a $2.6 billion offer to privatize Chinese department store operator Intime Retail Group Co. Ltd.

McDonald's restaurant in Shenzhen, China.

China
Kirkland, Cleary Lead McDonald's $2.1B China Partnership

By Anna Zhang |

State-owned CITIC teamed up with The Carlyle Group to help open 1,500 more restaurants in Hong Kong and the mainland.

Mina Arai-Ito

Rising Japanese Investment in Africa Prompts Law Firms to Ramp Up Africa Practices

By Anna Zhang |

Africa remains a challenging market, but Japanese companies see growing opportunity there. So do their lawyers.

China
China Seizes Opportunities in Latin America

By Carlos Harrison |

As the U.S. talks of walls, China is building bridges in North America's backyard.

In this Oct. 25, 2016 picture the headquarters of the German technology concern Aixtron in Herzogenrath , Germany, is photographed. The German government says it withdrew permission for a Chinese company to purchase semiconductor equipment company Aixtron due to security concerns. Germany announced Monday Oct 24, 2016 that it was reconsidering the takeover bid by China's Fujian Grand Chip but didn't state a reason. ( Oliver Berg/dpa via AP,file)

China
Strains in U.S.-China Relations Expected to Affect Legal Sector

By Anna Zhang |

Committee on Foreign Investment in the U.S. has disapproved several high profile Chinese investments recently; meanwhile suspicion of Chinese companies' motives and the influence they might have in the U.S. economy grow among members of Congress. What will Chinese investments into the U.S. look like next year under the Trump presidency?

A&O and Freshfields Lead on Asahi's Eastern European $8 Billion Beer Buy from AB InBev

By Rose Walker |

AB Inbev is selling brands that include Czech market leader Pilsner Urquell to get clearance from competition regulators after its takeover of rival SABMiller.

China
Skadden Leads Ctrip's $1.7B Skyscanner Buy

By Anna Zhang |

The Chinese online travel agency is buying the U.K. competitor to boost global offering.

Samsung Logo.

South Korea
Paul Hastings Advises Samsung on Purchase of Auto Technology Supplier Harman International

By Anna Zhang |

Paul Hastings is advising Samsung Electronics on an $8 billion acquisition of U.S. automotive technology company Harman International Industries Inc.

Golden Globe Awards

China
China's Dalian Wanda Group to Acquire Dick Clark's TV Production Studio for $1B

By Anna Zhang |

Reed Smith and Paul Hastings are lead counsel on a $1 billion deal that will result in Chinese conglomerate Dalian Wanda Group Co. Ltd. acquiring the U.S. television studio Dick Clark Productions Inc.

Hong Kong
World Bank Report Ranks Asian Nations as Best Places to Do Business

New Zealand, Singapore, Hong Kong and South Korea are among the best places to do business in the world, according to the World Bank’s most recent annual study of local business laws and regulations around the globe.

China
Weil Gotshal Advises Chinese Conglomerate HNA on its $6.5 Billion Investment in Hilton Worldwide

By Anna Zhang |

Weil, Gotshal & Manges is advising Chinese conglomerate HNA Group Co. on a $6.5 billion investment in Hilton Worldwide Holdings Inc. — a move that will give HNA a 25 percent stake in the U.S.-based hotel empire.

China
Skadden and Kirkland Advise on Privatization of Chinese Travel Site

By Anna Zhang |

Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis are advising on the privatization of Chinese travel site Qunar Cayman Islands, which is valued at $4.4 billion.

A Chinese deliveryman carries parcels in front of a branch of ZTO Express in Dalian city, northeast China's Liaoning province, 14 November 2014.

China
Skadden and Kirkland Advise as ZTO Express Eyes Biggest China IPO in U.S. Since Alibaba

By Frances Ivens |

The Chinese logistics company is set to list on the New York Stock Exchange in an offering that could raise as much as $1.5 billion.

Deal Watch: All About Energy and a Sanction-Free Sale

Energy company acquisitions dominated the billion-dollar transactional tables last week and a big deal announced over the weekend—one specifically structured to avoid Western sanctions—has yielded roles for a half-dozen firms from the U.K. and India.

Singapore
The Asian Lawyer Announces Finalists for Emerging Markets Awards 2016

By The Asian Lawyer |

Baker & McKenzie and Herbert Smith Freehills are among the firms receiving most nominations. Winners will be announced on Thursday, November 24, 2016, at the Four Seasons Hotel in Singapore.

China
China Law & Practice Awards 2016 Winners Announced

By Katherine Jo |

King & Wood Mallesons and Zhong Lun Law Firm are among the biggest winners. Leading Chinese civil and commercial law scholar Jiang Ping received this year's outstanding achievement award.

State Grid Corp. of China

China
Sullivan & Cromwell Advises Chinese Power Company on Investment in Brazilian Utility

By Anna Zhang |

Sullivan & Cromwell is advising State Grid Corp. of China on a $1.8 billion deal that will see the Chinese power company acquire a minority stake in Brazilian utility company CPFL Energia S.A.

Colombo, Sri Lanka.

Sri Lanka Seeks to Grow Economy—With Help From Baker & McKenzie

The global legal giant is advising the island nation on tax and financial laws in other jurisdictions.

Shipping containers are seen in the port of Singapore.

Vietnam
TPP's Uncertain Prospects Weigh on Asia-Based Lawyers

By Anna Zhang |

The U.S.'s failure to ratify the TPP could result in a setback for international trade in Asia Pacific region. But even if ultimately unsuccessful, the TPP will still have a legacy in the region, lawyers say.

China
Clifford Chance, Davis Polk Ride Joy City Deal

By Anna Zhang |

Clifford Chance and Davis Polk & Wardwell took lead roles on China Life Insurance Co. and GIC Private Ltd.'s $1.4 billion joint investment in Chinese developer Joy City Property Ltd.

Craig Gardner of West Bromwich Albion takes a penalty kick.

China
King & Wood Mallesons Scores on Sale of Soccer Club to Chinese Investor

By Frances Ivens, Legal Week |

For the second time this summer, a British football club has been sold to Chinese investors. King & Wood Mallesons (KWM) is advising on the most recent deal: the sale of West Bromwich Albion Football Club to the Chinese investment group Yunyi Guokai Sports Development.

South Africa
Deal Watch: Two Firms Behind Bedding Industry Megamerger

A look at the large law firms behind the week's most notable deals, such as the mattress maker behind Sleepy's on its sale to a South African firm; two Elon Musk-backed companies combining forces; and Uber's China exit.

Singapore
The Asian Lawyer Emerging Markets Awards Deadline is September 5

We will honor top deals and leading lawyers in Southeast Asia and India.

China
Troutman Sanders, Simpson Thacher on $1.3B Chinese-Indian Pharma Deal

By Anna Zhang |

Fosun Pharma’s acquisition of Gland Pharma is the largest acquisition of an Indian company by a Chinese buyer.

China
Finalists Announced for China Law & Practice Awards 2016

By Katherine Jo |

For our annual awards’ 10-year anniversary, we have selected 59 categories of top matters and leading firms and lawyers for their work done in and out of China. Winners will be announced on Sept. 21 at the Park Hyatt in Beijing.

China
Skadden and Latham Advise on Chinese Company’s $2B Foray Into U.S. TV Market

By Frances Ivens |

LeEco, the "Netflix of China," is buying California-based television manufacturer Vizio.

Japan
Morrison & Foerster Leads SoftBank's $32B ARM Offer

By Rose Walker |

Freshfields is co-counsel advising the Japanese company while Slaughter and May and Davis Polk are representing ARM.

Hong Kong
Davis Polk, Clifford Chance Lead Postal Savings Bank’s $7.4B IPO--Updated

By Anna Zhang |

Haiwen and King & Wood Mallesons were Chinese counsel to what has been the world's largest IPO in two years.

India
Deal Watch: Indian M&A Leaders Revealed

With India's legal market inching closer to liberalization, the subcontinent could provide a shot of cross-border transactional work to global firms reeling from Brexit and an economic slowdown in China.

Hong Kong
Clifford Chance, Kirkland and Sullivan & Cromwell Advise on CVC $1.1B Funeral Home Investment

By Frances Ivens |

Private equity house CVC has offered $1.1 billion for Kuala Lumpur-based Nirvana Asia, the largest integrated funeral and bereavement care provider in Asia.

China
Chinese Insurance Group Buys Auto Website with Help from Paul Hastings and Sullivan & Cromwell

By Anna Zhang |

Paul Hastings and Sullivan & Cromwell played lead roles in a $1.6 billion deal that saw China's Ping An Insurance Group buy a 47.7 percent stake in Chinese automobile website Autohome Inc. from Melbourne-based Telstra Corp. Ltd.

Deal Watch: London Falls, But M&A Must Carry On

While Brexit may end up casting a shadow over cross-border M&A activity, a number of timely billion-dollar tie-ups were announced amid the U.K.’s decision to leave the European Union.

China
Covington, Slaughter and May on Tencent's $8.6B Gaming Deal

By Anna Zhang |

The Shenzhen-based technology company is leading a consortium to buy an 84.3 percent stake in game developer Supercell from Japan’s SoftBank and the game maker’s employees. The deal, Tencent’s largest-ever acquisition, values Supercell at $10.2 billion.

China
Orrick on JD.Com’s $1.5B Deal With Walmart

By Frances Ivens |

The Chinese ecommerce company will take over the Chinese online business Yihaodian and in exchange give a 5 percent stake to the American retailer.

Japan
Cleary Representing Japanese App Company in IPO

By Anna Zhang |

Cleary Gottlieb Steen & Hamilton is representing Japanese messaging app Line Corp. on a planned initial public offering that could raise $900 million. Listing is planned for Tokyo and New York.

Japan
Sullivan & Cromwell on Softbank $10B Alibaba Share Sale

By Anna Zhang |

The cash raised will help the Japanese company reduce debt and invest in new startups.

China
Davis Polk, Linklaters on $1.4B Chinese Insurance Deal

By Frances Ivens |

Fujian-based Thaihot Group is acquiring Dah Sing Banking Group’s Hong Kong and Macau life insurance business.

China
Paul Hastings on Latest Chinese Property Venture in Manhattan

By Anna Zhang |

State-owned insurer China Life is the largest investor in a $1.65 billion joint acquisition of a New York office building that houses Paul Weiss’ headquarters.

China
Paul Hastings, White & Case on $752M Chinese Offer for German Chipmaker

By Anna Zhang |

Fujian Grand Chip Investment Fund is buying Germany's Aixtron as Chinese investors continue shopping spree in Europe’s technology sector.

China
Allen & Overy and Clifford Chance on $650M Sino-Italian Sports Media Buy

By Anna Ward |

A Chinese consortium led by Shanghai-based Everbright Securities has bought a controlling stake in Italy’s sports media rights business MP & Silva.

China
China Law & Practice Awards Deadline is June 17

By Staff |

We will be honoring top matters and leading lawyers in and out of China.

China
Freshfields Leads Midea’s $4.5B European Robotics Buy

By Anna Zhang |

The Chinese home appliance maker is acquiring Germany’s Kuka in a bid to upgrade manufacturing and logistics systems.

The Mylan Laboratories Inc. headquarters in Canonsburg, Pennsylvania.

Deal Watch: Mylan Taps Cravath Again for Dermatology Deal

Three months after Mylan NV once again turned to Cravath, Swaine & Moore to handle another multibillion-dollar deal, the firm is at it again for the acquisitive generic drug giant.

Hong Kong
Paul Hastings, Latham on J.P. Morgan’s Returned Hong Kong Listing Application

By Anna Zhang |

King & Wood Mallesons and Commerce & Finance were Chinese law advisors on first such rejection involving a global investment bank.

China
Four Am Law 100 Firms on $822M Momo Privatization

By Anna Zhang |

Simpson Thacher, Skadden and Ropes & Gray are representing members in a buyout group led by Alibaba, while Shearman & Sterling advises a special committee at the Chinese chat app developer.

China
Hogan Lovells Guides HNA Group's $2B Carlson Hotel Acquisition

By Anna Zhang |

The parent of Hainan Airlines will add 1,400 hotels worldwide to its portfolio in the latest Chinese outbound hospitality deal.

China
Sullivan & Cromwell on Alibaba’s $1B Southeast Asian Venture

By Anna Zhang |

The Chinese ecommerce company is buying a controlling stake in Singapore-based online retailer Lazada in its largest overseas investment.

China
Skadden, King & Wood Mallesons on $3.6B Lexmark Acquisition

By Anna Zhang |

Chinese printer chip maker Apex Technology is buying the Lexington, Kentucky-based company.

India
Simpson Thacher on Blackstone’s $1.1B Mphsis Deal

By Anna Zhang |

The U.S. private equity firm is buying the Indian outsourcing company from Hewlett Packard Enterprise in its largest acquisition in the country.

India
Slaughter and May Advises on Tata European Steel Works Sale

By Rose Walker |

The Indian steel giant has struck a deal to sell its long product business to private equity firm Greybull Capital

Japan
Paul Weiss, Simpson Thacher on $1.2B Japan Outbound Deal

By Anna Zhang |

Tokyo-based passenger-car tire maker Yokohama Rubber is buying industrial tire manufacturer Alliance Tire Group from buyout firm KKR.

China
Firms Cope with Deal Doldrums Amid First-Quarter Slowdown

The silver lining? There are still nine months to go.

China
Tips for M&A Agreements With Chinese Companies

Companies based in the People’s Republic of China have been on an M&A spree.

China
Am Law 100, Magic Circle Firms on $2.6B Hong Kong IPOs

By Anna Zhang |

Freshfields and Paul Hastings have represented China’s Zheshang Bank and Bank of Tianjin, respectively, on two largest listings in the city so far this year. Jones Day and Clifford Chance were underwriters’ counsel on respective deals.

China
DLA Piper on ENN’s $750M Australian Energy Deal

By Anna Zhang |

King & Wood Mallesons is advising Chinese private equity firm Hony Capital as it exits a five-month-old investment in Adelaide-based oil and gas producer Santos.

Dealmakers and Deals of the Year

From the manic M&A world to the schizophrenic capital markets, a look at some of 2015's most innovative and interesting deals around the globe.

China
Expert Analysis: CFIUS and the Terminated Sale of Lumileds to a Chinese Company

Phillips Lighting agreed to sell a majority stake in a subsidiary to a China-led equity group, but the Committee on Foreign Investment in the United States ultimately blocked the deal. What are the lessons for U.S. sellers and their lawyers?

China
Herbert Smith Freehills, Baker Botts on $1.2B “Silk Road” Deal

By Anna Zhang |

The state-owned Chinese investment fund set up for the “One Belt, One Road” initiatives have invested 10 percent in a Russian liquefied natural gas project that’s been struggling with funding since the Ukraine crisis sanctions against Russia.

China
Skadden Leads Anbang’s $14B Starwood Counteroffer

By Anna Zhang |

The Chinese insurance company has made a bid for the U.S. hotels group that’s superior to a previous $12 billion proposal by hospitality giant Marriott International.

China
Norton Rose Fulbright, Freshfields Land $4.8B Chinese Real Estate Deal

By Anna Zhang |

State-owned conglomerate Citic is offloading residential property assets to focus on commercial real estate in mainland China.

Australia
Five Firms on $6.8B Aussie Logistics Deal

By Anna Zhang |

Herbert Smith Freehills, Gilbert + Tobin, Allens, Freshfields and King & Wood Mallesons also advise as Melbourne-based Asciano gets acquired in the largest Australian take-private deal since 2011.

China
Expert Analysis: When U.S. Law Collides With Chinese Reality

Cross-border transactions present challenges to legal and audit practitioners.

China
When U.S. Law Collides With Chinese Reality

Drew Bernstein of Marcum Bernstein & Pinchuk, and Caryn G. Schechtman and Robert D. Weber of DLA Piper, share the extraordinary amount of specialized knowledge, resourcefulness, and patience it requires to complete transactions and educate parties on both sides to avoid running afoul of U.S. and Chinese laws.

China
Expert Analysis: CFIUS Report Highlights Cybersecurity Scrutiny of Tech Companies

Chinese acquirers lead in CFIUS submissions, while U.S. government focuses on control of overseas U.S. tech companies.

China
Davis Polk, Zhong Lun Lead on $1.6B China Resources Snow Beer Deal

By Anna Zhang |

Sullivan & Cromwell, Freshfields and Fangda are advising AB InBev as the brewing giant decides to exit from China’s most popular beer brand.

Yulchon chairman Woo Chang-Rok (second from left) received Asian Law Firm of the Year Award with corporate and disputes partners on Tuesday, Feb. 23 at the Four Seasons Hotel in Hong Kong.

China
The Asian Lawyer Announces Winners for Asia Legal Awards 2016

By The Asian Lawyer |

On Tuesday night, The Asian Lawyer held its third annual Asia Legal Awards, celebrating the region's top law firms and individual practitioner. As promised, here's the list of winners and why they stood out.