Asian Deals

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 $8B IPO

By Anna Zhang |

The planned Hong Kong listing of the Chinese bank could be the largest in the world this year.

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.

China
Weakened Chinese Economy to Drive Investments Into the U.S., Report Finds

By Anna Zhang |

A survey released by O'Melveny & Myers suggested more Chinese companies would like to diversify revenue streams overseas to combat a domestic slowdown.

China
Mayer Brown Leads Beijing Enterprises $1.6B German Buy

By Anna Zhang |

Clifford Chance advises Stockholm-based EQT Partners on the sale of Germany’s EEW Energy from Waste as Chinese state-owned companies continue overseas buying spree.

Pakistan
Linklaters, Pinsent Masons on $2B China-Pakistan Project Financing

By Anna Zhang |

The 660--megawatt power plant in the South Asian country is part of China’s One Belt, One Road Initiatives.

China
Deal Watch: A Chinese Buyer’s Big U.S. Tech Deal

A pair of Am Law 100 firms, Davis Polk and Weil, have lead roles as China’s Tianjin Tianhai Investment Company Ltd. pays $6 billion in cash for Irvine, California-based Ingram Micro Inc.

The Mylan Laboratories Inc. headquarters in Canonsburg, Pennsylvania.

Japan
Deal Watch: Mylan Moves on to Meda With Cravath in Tow

A new year brings another new deal for the pharmaceutical giant and its outside lawyers from three firms.

Syngenta headquarters in Basel, Switzerland.

China
Deal Watch: ChemChina's Syngenta Merger Sets Record

Simpson Thacher, Davis Polk Clifford Chance and two leading Swiss firms take the lead on the largest outbound M&A deal ever by a Chinese company; and a look at the other big firms behind the latest slate of billion-dollar transactions.

China
Law Firms Still Optimistic as Chinese Stock Markets Swoon

By Anna Zhang |

Even as the Chinese stock market bubble bursts, lawyers report that they're keeping busy with M&A, tech deals, and restructuring work. Don't count out Hong Kong IPOs, either.

China
The Asian Lawyer Announces Finalists for Asia Legal Awards 2016

By The Asian Lawyer |

For our third annual Asia Legal Awards, we have selected a short list of 27 categories of deals and matters from the region’s leading firms and practitioners. Winners will be announced on Feb. 23 at the Four Seasons Hotel in Hong Kong.

China
Four Big Firms Help GE Unload Appliances Unit to China's Haier Group.

Sidley Austin and Arnold & Porter have taken the lead for General Electric Co. as the industrial conglomerate continues to reinvent itself through the $5.4 billion sale of its appliance business to the Chinese electronics maker.

Joshua Grode, Irell & Manella.

China
Chinese Buyer of Legendary Taps Irell for $3.5B Deal

Joshua Grode represented Dalian Wanda in buying the studio behind Jurassic World and the Batman trilogy.

China
Freshfields on Deutsche Bank $4B Huaxia Sale

By Anna Zhang |

Jun He and Davis Polk & Wardwell advise as state-owned insurer PICC takes over a 20 percent stake in the Chinese bank.

China
Freshfields Leads $20B Chinese Shipping Restructuring

By Anna Zhang |

China Shipping and China Ocean Shipping are consolidating assets and mulling a combination that will create the world’s fourth largest container-shipping giant.

Japan
Three Firms on GE’s $4.8B Japanese Leasing Sale

By Anna Zhang |

Baker & McKenzie is representing acquirer Sumitomo Mitsui Financial as Sullivan & Cromwell and Nagashima Ohno & Tsunematsu advise the seller.

Hong Kong
Magic Circle Duo on $8.8B Nanyang Commercial Bank Sale

By Anna Zhang |

State-owned "bad bank" Cinda Asset Management is taking over the 66-year-old Hong Kong commercial bank from Bank of China.

China
Kirkland & Ellis Advises on $1.4B Chinese Auto Deal

By Anna Zhang |

The deal will see Shanghai-based China Grand Automotive buy a controlling stake in competitor Baoxin Auto.

Hong Kong
Slaughter and May Leads on Alibaba-South China Morning Post Deal

By Anna Zhang |

The Chinese ecommerce company is paying $266 million for the 112-year-old English-language daily newspaper in Hong Kong.

China
China Powers to No. 1 in the World Patent Filing Race

China cranked out more patent applications in 2014 than the United States and Japan combined, according to a survey released Monday by the World Intellectual Property Organization.

L-R Stephanie Kim and Han C. Choi

South Korea
Ballard Spahr Advises on $270M in Loans for Kumho Tire's Macon Plant [DEALWATCH]

The U.S. subsidiary of South Korean tire manufacturer Kumho Tire has lined up $270 million in syndicated loans to finance its almost-completed tire plant in Macon, with assistance from Han Choi of Ballard Spahr, who acted as counsel to Kumho Tire Georgia and co-bond counsel.

Australia
King & Wood Mallesons Leads $1.4B Aussie Tunnel Deal

By Anna Zhang |

Australia’s largest toll road operator Transurban will acquire a 6.7-kilometer motorway tunnel that connects downtown Brisbane to the city’s airport.

China
Herbert Smith Freehills on CGN $2.3B Malaysian Deal

By Anna Zhang |

The Chinese state-owned nuclear generator is buying all the power assets from Malaysia’s debt-laden 1MDB.

China
Cleary, Shearman on Dali Foods $1.2B IPO

By Tom Brennan |

The snack-food company's market debut is the largest this year for a privately held Chinese concern.

India
The Asian Lawyer Announces Winners for Emerging Markets Awards 2015

Both regional and international firms alike took home trophies for their work on the most innovative and creative deals and disputes in Southeast Asia and India. Here's the full list of winners.

Two More Countries Get Buy American Exemptions From Feds

New Zealand and Montenegro join the list of countries from which federal contractors are permitted to buy.

China
Simpson Thacher Leads Anbang's $1.6B Takeover of U.S. Insurer

By Anna Zhang |

The Chinese insurer is buying Fidelity & Guaranty Life Insurance as more Asian investments pour into the insurance sector.

Australia
HSF, KWM, Skadden Advise as Santos Raises $2.5B

By Tom Brennan |

The Australian oil and gas explorer has moved to cut its debt load amidst a weakened commodities market.

Japan
The TPP Treaty Text Is Released, and Critics See a Lot to Dislike

The official text of the controversial Trans-Pacific Partnership treaty was released Thursday, and the intellectual property provisions, previously revealed through Wikileaks, are going to make a lot of people unhappy both in the United States and overseas.

Australia
DLA Piper, A&O on Australia's Biggest IPO of the Year

By Tom Brennan |

Pension services company Link Group raised $683 million on the country's stock exchange.

Japan
Ashurst Advises as Nippon Life Buys Aussie Insurer for $1.7B

By Tom Brennan |

The Japanese company is purchasing a majority stake in National Australia Bank subsidiary MCL Ltd.

China
Skadden, Paul Weiss on $3.4B Ctrip-Qunar Merger

By Anna Zhang |

Baidu is creating China's largest travel-booking site as consolidation in the internet space continues.

China
Slaughter and May Advises China Re on $2B IPO

By Tom Brennan |

The listing of China's only domestic reinsurer was among Hong Kong's largest offerings this year.

China
Freshfields, Kirkland on $2.3B Huarong IPO

By Anna Zhang |

A second Chinese state-owned bad bank will list in Hong Kong to fund its distressed debt management business.

China
S&C, Freshfields on $36B Chinese Telecom Deal

By Anna Zhang |

State-owned mobile carriers China Mobile, China Unicom and China Telecom are merging their tower assets.

Alibaba banners hang on the front facade of the New York Stock Exchange.

China
Simpson Thacher Advises as Alibaba Offers $4.2B for China’s YouTube

By Anna Zhang |

The Chinese internet giant is buying Youku Tudou in a bid to enhance its digital entertainment offerings.

Australia
Clayton Utz Advises Macquarie on $6B Deal With ANZ

By Tom Brennan |

Australia's largest investment bank is purchasing the autos financing division of Australia and New Zealand Banking Group.

China
Skadden, Davis Polk on $15B Chinese Merger

By Tom Brennan |

Tencent-backed Dianping.com and Alibaba-backed Meituan.com are combining to form a leading player in China's increasingly important online-to-offline services market.

China
Hogan Lovells, Cleary on Chinese Investment in Western Digital

By Tom Brennan |

Shenzhen-based information technology company Unisplendour is acquiring a 15 percent stake in Western Digital for $3.8 billion.

Japan
Deal Watch: M&A Stays Strong Through Third Quarter, Skadden Tops League Tables

As 2015's third quarter comes to a close, bank-breaking, billion-dollar deals seem to be the gifts that keep on giving for M&A lawyers at Am Law 100 firms.

Australia
Sidley, Clayton Utz, KWM on Origin Energy Share Sale

By Tom Brennan |

The Australian oil and gas company hopes to raise $1.4 billion to pay down debt and strengthen its balance sheet in response to drastically reduced commodity prices over the past year.

Australia
Minter Ellison, Allens on Latest Aussie Telecom Merger

By Tom Brennan |

Vocus Communications is offering $1.4 billion to acquire M2 Group in a deal that would create Australia's fourth-largest telecommunications company.

Daniel Fertig of Simpson Thacher & Bartlett in his firm's Beijing office in Beijing, China

China
Global Legal Awards, Grand Prize Winner (Finance): Alibaba IPO

In the largest IPO ever, size wasn’t the only thing that made the deal challenging.

China
DLA Leads $1.3B Chinese Hotel Deal

By Anna Zhang |

Shanghai's Jinjiang International Hotel Group is buying an 81 percent stake in budget hotel chain 7 Days from investors including the Carlyle Group and Sequoia Capital.

Singapore
Minter Ellison, Allen & Gledhill Advise as Ascendas Goes Down Under

By Tom Brennan |

The Singaporean real estate fund is purchasing a portfolio of Australian logistics properties from fellow city-state investors GIC and Frasers Centrepoint for $725 million.

China
Three Firms on China's Biostime Buyout of Aussie Vitamins Maker

By Tom Brennan |

The Guangzhou-based baby food company is offering $995 million for Swisse Wellness in a push to expand its product portfolio.

The Universal Studios globe in Los Angeles.

China
Three U.S. Firms on Universal Studios' $7.8B Move Into China

By Tom Brennan |

The Comcast-owned theme park company is planning to open its biggest-ever location in Beijing in 2019.

Japan
Sullivan & Cromwell, Simpson Thacher Partners on Japan Post's $11.5B Triple Listing

By Tom Brennan |

The same lawyers who led Japan Tobacco's $7.8 billion share sale two years ago are advising on the IPOs of the state-owned postal service and its banking and insurance divisions.

Mitsui Sumitomo's headquarters at the Tokyo Sumitomo Twin Building.

Japan
Skadden, Linklaters on $5.3B Mitsui Sumitomo-Amlin Deal

By Anna Zhang |

The Tokyo-based company is buying the London-based reinsurer as the Japanese insurance industry continues an overseas shopping spree.

China
Sidley, Weil on Bohai's $2.6B Avolon Buy

By Tom Brennan |

Chinese leasing company Bohai is acquiring the Irish aircraft lessor as China looks set to overtake the U.S. as the world's largest domestic aviation market.

South Korea
Three Am Law 100 Firms on Tesco $6B Korea Sale

By Anna Zhang |

The U.K. retailer is unloading its largest overseas operations in a bid to strengthen balance sheet.