Asian Lawyer

Asian Top News

Singapore
Norton Rose Fullbright Taps Client For Data Privacy Partner

By Anna Zhang |

Standard Chartered Bank in-house counsel Stella Cramer joins the firm in Singapore.

Australia
Clayton Utz Adds Technology Partner in Sydney

By Anna Zhang |

Ken Saurajen was mostly recently a partner at Gilbert + Tobin.

Xiang Wenbo, president of China's Sany Heavy Industry Co. Ltd., has been restlessly promoting the Ralls decision as a historical victory for Chinese companies.

China
Sany's Win Chips Away at CFIUS Secrecy. Now What?

By Anna Zhang |

When the U.S. government ordered a Sany affiliate to sell land near a U.S. Navy base because of national security concerns, Sany won an unprecedented ruling that CFIUS, the government body that reviewed the transaction, had denied the Chinese company due process. But plenty of obstacles remain for Sany's challenge.

Global Legal Awards: Global M&A Deals of the Year

This category of The American Lawyer's Global Legal Awards recognizes 2013's largest and most complex mergers and acquisitions in every corner of the globe.

China, Hong Kong
Freshfields on Citic $6.9 Billion Share Placement

By Anna Zhang |

The Chinese state-owned enterprise sold shares to 27 investors to fund its $36.8 billion restructuring.

Global Legal Awards: Global Finance Deals of the Year

In this category, The American Lawyer's Global Legal Awards recognizes the 10 deals that best exemplify the challenges of transnational finance practice, from capital markets offerings to capital restructurings to infrastructure projects conceived on a vast scale.

China, Hong Kong, India, Japan, Singapore, Taiwan, Vietnam, Australia
Asia Deal Digest: Aug. 28, 2014

By Anna Zhang |

*Kirkland & Ellis advises Orchid Asia on $920 million China fund
*HSF, KWM lead AGL's $1.1 billion rights issue for MacGen acquisition
*Simpson Thacher, Gunderson Dettmer on Murata's $465 million acquisition of chipmaker Peregrine

Australia
HSF, KWM Lead on AGL's Billion-Dollar Rights Offer

By Anna Zhang |

The Sydney-based power company will use the proceeds to fund its recently approved $1.4 billion acquisition of Macquarie Generation.

al-jazeera

Qatar
Gore Details Al-Jazeera Dispute in New Filings

By Jeff Mordock |

Former U.S. Vice President Al Gore has alleged Al-Jazeera America Holdings Inc. is withholding $65 million owed to Current Media shareholders so it could wage legal battles against cable distributors, according to updated court papers filed in the Delaware Court of Chancery.

Singapore
Clyde & Co Boosts Singapore With Hire of Malaysia Airlines Crashes Partner

By Anna Zhang |

Kennedys partner David Johnston, who was retained by the carrier's insurer on claims following the crashes of flights MH370 and MH17, joined Clyde & Co last month.

China
Chinese Court Acquits Four-Time Death-Row Inmate

By Anna Zhang |

Nian Bin was released immediately after Fujian Provincial High Court overturned a lower court’s guilty verdict of fatally poisoning two children.

China
Kirkland & Ellis on Orchid Asia $920 Million Fund

By Anna Zhang |

The Chinese private equity firm closed its sixth fund to invest in high-growth Chinese companies.

Desert traverse

Kuwait
Auto Accident in Kuwait Leads to Jurisdictional Dispute

By Max Mitchell |

When Virginia resident Morgan Lee Hanks' Mitsubishi Pajero collided with the Dodge Durango driven by Pennsylvania native Brian Mark Patton, who died in the accident, the ensuing motor vehicle litigation was anything but ordinary.

Brad Butwin.

Singapore
O'Melveny Sees Wave of Departures in Singapore

By Tom Brennan |

Over the past nine months, the Los Angeles-based firm has lost 14 lawyers in its city-state office. Why have so many left, and what does O'Melveny plan to do next?

India
Khaitan Recruits Three New Partners

By Anna Zhang |

Mohit Abraham, Thomas Phillippe and Deepto Roy are moving over from PXV Law Partners, which is closing shop as a result of the departures.

China
Evolving Compliance Challenges in China

By Alexandra Wrage |

Recent compliance developments in China have companies on edge, but the community of U.S. lawyers with real expertise in China remains small.

The Asian Lawyer’s Ready for Relaunch

By Asian Lawyer Staff |

On Monday, Aug. 25, the site will become part of a broader collection of global legal coverage by parent publication The American Lawyer. In the run-up to that launch, The Asian Lawyer site will be on standby.

China, Hong Kong, Singapore, Australia
Asia Deal Digest: Aug. 19, 2014

By Tom Brennan |

*Allen & Gledhill, Clifford Chance on OCBC’s $2.7 billion rights issue in Singapore
*HSF advises KKR/Abacus joint venture on stake purchase in Melbourne’s World Trade Center
*Gibson Dunn leads Chinese consortium’s $1.7 billion take-private offer for U.S. chipmaker OmniVision

Singapore
Allen & Gledhill on OCBC’s $2.7 Billion Rights Issue

By Anna Zhang |

Singapore’s second-largest lender by assets is looking to refill its coffers after spending $5 billion to purchase Hong Kong-based Wing Hang Bank.

China
Gibson Dunn on Chinese Consortium's Bid for OmniVision

By Anna Zhang |

Beijing-based Hua Capital Management and Shanghai Pudong Science and Technology Investment are looking to take the Santa Clara-based company private for $1.7 billion.

Hong Kong
Ashurst Hires in Hong Kong

By Anna Zhang |

Debt capital markets partner Anna-Marie Slot has moved over from White & Case.

India
Modi's Won, What Now for India?

By Tom Brennan |

Law firms and their clients are just as eager as the Indian electorate for new Prime Minister Narendra Modi to turn the country's ailing economy around. But can a man who was swept into office in India's biggest electoral victory in 30 years live up to the hype?

Global Lawyer, Argentina
The Global Lawyer: Cleary's Litigation Slump

By Michael D. Goldhaber |

In the past six months Cleary Gottlieb Steen & Hamilton litigators have lost a string of historic cases. Powerful entities routinely ask Cleary to push the envelope in international law. Lately it hasn't worked out well.

Dechert

Singapore
Dechert Gets License to Practice in Singapore

By Gina Passarella |

Dechert has officially been granted a license to practice law in Singapore, eight months after the firm applied for permission to practice in the country.

Philippines
Former Marcos Lawyer Stays in the Game Acting for Philippines Elite

By Tom Brennan |

Estelito Mendoza served 14 years as solicitor general under former Philippines President Ferdinand Marcos, then thrived after his downfall by representing some of the most infamous associates of his administration. And now, at 84, Mendoza's still one of the top defense lawyers in the country.

Global Lawyer
Outlook for Corporate IP Filing: Go Global

By Wenxiong Zhang |

Inovia's "2014 U.S. Global Patent and IP Trends Indicator Report" looks at how the economy has impacted global IP strategies and forecasts an optimistic outlook for foreign filing.

Japan
MoFo, Ashurst Lead CP Group-Itochu Alliance

By Tom Brennan |

The Thai conglomerate and Japanese trading house have struck a billion-dollar deal that will see them collaborate in the food and agribusiness sectors.

US Federal District Judge Kevin McNulty, Martin Luther King Courthouse, Newark, NJ.

China
Judge Nixes Price-Fixing Suit Against Alleged Chinese Cartels

By Charles Toutant |

A $58 million antitrust suit, claiming Chinese companies conspired to fix prices for the mineral magnesite, was dismissed July 24 by a Newark federal judge who found that the plaintiffs lacked statutory standing to sue.

Japan
Tort Trouble Ahead?

By Anna Zhang |

A barrage of accounting fraud claims against Olympus Corp. may help set off a litigation boom in Japan.

Myanmar
Myanmar's Moment?

By Tom Brennan |

With its rich natural resources and recent political and economic reforms, Myanmar has become one of Asia's "it" destinations for law firms. But will the widely anticipated boom in foreign investment actually follow?

Singapore
The New Nativist Normal

By Anthony Lin |

A rising anti-immigrant tide in Singapore is putting international law firms on edge.

A visitor walks past a design promoting the recently opened China (Shanghai) Pilot Free-Trade Zone in Shanghai.

China
A Long Way From Liberalization

By Anna Zhang |

Despite the hype, law firms are seeing limited upside so far from the new Shanghai Free Trade Zone.

Trading Places

By Tom Brennan |

Some Anglo-American firms have started touting Old Glory over the Union Jack in Asia.

Raymond Kwok (left) and Thomas Kwok, co-chairmen of Sun Hung Kai Properties Ltd.

China, Hong Kong
Will Antitycoon Mood Affect Hong Kong Trial?

By Anthony Lin |

Thomas and Raymond Kwok, two of Hong Kong's—and the world's—richest men, are going on trial May 8 for allegedly bribing a senior government official. It is the territory's largest corruption trial ever, and it's taking place amid a rising tide of resentment toward the billionaire developers who dominate the Hong Kong economic landscape. Will antitycoon sentiment show up in the courtroom?

China
Appleby Gets Shanghai Practice License

By Tom Brennan |

The offshore firm opened an office in Shanghai in 2012 but previously only offered fiduciary services.

Australia
Aussie Firms on $6.6 Billion Toll Road Deal

By Anna Zhang |

A consortium led by Transurban Group, Australia’s largest toll road operator, is buying regional competitor Queensland Motorways Ltd.

China
Davis Polk Advises CNOOC on $4 Billion Bond Issue

By Anna Zhang |

The Chinese state-owned oil company will use the proceeds to repay funds borrowed to finance its $15.1 billion acquisition of Canada's energy company Nexen Inc.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: April 24, 2014

By Tom Brennan |

* Herbert Smith Freehills and Freshfields lead on state-owned company's acquisition of Hess Oil assets in Thailand
* Cleary, O'Melveny and Kirkland on a Chinese IT company's $332 million take-private
* Willkie Farr guides a U.S. VC fund on a $250 million investment Down Under

Singapore
Linklaters on $1 Billion OCBC Bond Issue

By Tom Brennan |

The Singaporean bank sold the 10-year bonds in order to raise money for general corporate purposes and to comply with new reserve requirements.

South Korea
Google Lawyer Details Defense Pact With Samsung

By Julia Love, The Recorder |

Apple's trial team, led by Morrison & Foerster's Harold McElhinny, plays deposition testimony on Android indemnity agreement.

Japan
Mitsubishi Loses Appeal in Chip Design Case

By Scott Graham, The Recorder |

California's Sixth District Court of Appeal upheld a verdict against Mitsubishi Electric Inc. for breaching a non-disclosure agreement but agreed with a superior court judge that the $123 million awarded by jurors was excessive.

Thailand
Herbert Smith Freehills Advises Thai SOE on Hess Buyout

By Tom Brennan |

PTT Exploration and Production Pcl. is paying $1 billion for Hess' interest in two natural gas projects in Thailand.

China, Taiwan
K&L Gates Adds Taipei Partner

By Tom Brennan |

Jim Wu headed the Taipei office for the former Preston Gates & Ellis between 2002 and 2004.

India
Amarchand on $1 Billion Oil India Bond Issue

By Tom Brennan |

The state-owned oil company is raising funds to repay existing debt.

Robert Pe with Suu Kyi

Myanmar
The Lawyer and 'The Lady'

By Tom Brennan |

Since the fall of 2012, Robert Pé, a litigation and arbitration partner in the Hong Kong office of Orrick, Herrington & Sutcliffe, has served as senior legal adviser to Nobel Peace Prize winner and democracy advocate Aung San Suu Kyi, now a member of parliament and leader of the political opposition in Myanmar. The assignment has been the fulfillment of a longtime dream for Pé, whose father left the country formerly known as Burma 50 years ago.

Singapore
Morrison & Foerster Adds Singapore Partner

By Tom Brennan |

Shirin Tang was previously a counsel in the Singapore office of Shearman & Sterling.

China, Hong Kong, India, Malaysia, Australia
Asia Deal Digest: April 17, 2014

By Anna Zhang |

* White & Case and Linklaters lead on $5.85 billion Chinese mine acquisition in Peru
* Chinese retail group turns to Simpson Thacher for its takeover of a British department store chain
* Milbank advises the government of Sri Lanka on a third sovereign bond offering

Australia
HWL Ebsworth Acquires Adelaide Firm

By Tom Brennan |

HWL Ebsworth said the addition of 44-lawyer Kelly & Co would allow it to better serve clients with a presence in South Australia.

China
Simpson, Linklaters on Chinese Department Store Buy

By Anna Zhang |

A Chinese company is buy British department store chain House of Fraser for $804 million, with plans to open 50 stores in China.

China, Hong Kong
Skadden Advises Sinopec on $5 Billion Bond Issue

By Tom Brennan |

It is the third multibillion-dollar bond offering by the Chinese state-owned oil giant in the past year.

China
Three Firms on Chinese Group's $6 Billion Peru Mine Buy

By Tom Brennan |

A consortium of state-owned companies led by China Minmetals subsidiary MMG is acquiring the Las Bambas copper project in southern Peru from GlencoreXstrata.

India
S&R, Amarchand on Vodafone India Buyout

By Anna Zhang |

Vodafone last week paid $1.48 billion for the remaining 11 percent stake in Vodafone India Ltd. it didn’t already own, making it the first foreign telecom carrier to wholly own its Indian subsidiary.

China
Alibaba Asks Firms to Pick Sides

By Anna Zhang |

The Chinese e-commerce giant, which is expected to have the world's largest IPO since Facebook Inc. later this year, has let it be known that it won't be hiring any firm for transactional work that also advises its major competitors. Though such demands are not uncommon outside of Asia, not least in the U.S. tech sector, lawyers say firms face a more complicated choice in the super-competitive but still-developing China market.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: April 10, 2014

By Tom Brennan |

* Shearman and Davis Polk on $3.2 billion merger of Indian generic drug makers
* Linklaters and Gilbert + Tobin advising a South African retailer on its $2 billion bid for Australia's David Jones department stores
* Chinese state food giant COFCO turns to Clifford Chance for Hong Kong grain trading acquisition

Australia
Four Firms on Woolworths' Aussie Acquisition

By Tom Brennan |

South African retailer Woolworths has offered to pay $2 billion for Australia's David Jones chain of upscale department stores.

China
Pinsent Masons Adds Partner in Beijing

By Anna Zhang |

Helena Chen was previously a partner in Taipei with Taiwanese law firm Formosan Brothers.

Australia
Aussie Firms on Wesfarmers' Insurance Brokerage Sale

By Tom Brennan |

U.S. insurance brokerage Arthur J. Gallagher & Co. has proposed buying the business of the Australian conglomerate for $933 million.

South Korea
Yoon & Yang Adds M&A Partner

By Tom Brennan |

Do Hyung Kim was previously a partner with rival Korean firm Yulchon.

India
Shearman, Davis Polk on $3.2 Billion India Drug Merger

By Anna Zhang |

Indian generic drug maker Sun Pharmaceutical Industries Ltd. is acquiring local competitor Ranbaxy Laboratories Ltd. from Japan's Daiichi Sankyo Co.

China, Hong Kong, United Kingdom
Anglo-American Firms Face Identity Choice in Asia

By Tom Brennan |

Should firms like DLA Piper or Hogan Lovells pitch themselves as British or American in Asia? At most firms resulting from transatlantic mergers, the British side brought more to the table in Asia and continues to run the show there. But there are also strong incentives to accentuate their American identities.

Australia
Sydney Employment Partner Joins DLA Piper

By Tom Brennan |

Brett Feltham was previously head of the New South Wales employment team at Hunt & Hunt.

Singapore
Clyde & Co Adds Singapore Partner

By Anna Zhang |

Eugene Tan will lead the British firm's Southeast Asian construction practice.

China, Hong Kong
Clifford Chance Advises COFCO on Hong Kong Acquisition

By Anna Zhang |

The Chinese state-owned food giant is buying a controlling stake in the agricultural unit of supply chain company Noble Group.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: April 3, 2014

By Anna Zhang |

* HWL Ebsworth advises restructuring Aussie mall developer Westfield on $20 billion in loan facilities
* Slaughter and May and Freshfields on Singapore bank's proposed $5 billion Hong Kong acquisition
* Skadden guides Chinese antivirus software maker on $300 million U.S. IPO

India
Khaitan & Co Adds Two Partners

By Anna Zhang |

New Mumbai partner Kartick Maheshwari is joining the Indian firm from the Singapore office of White & Case, while Delhi partner Dibyanshu Sinha was most recently a senior associate with J. Sagar Associates.

Australia
Herbert Smith Freehills on $2.76 Billion Motorway Deal

By Anna Zhang |

A consortium led by Queensland state government-owned investment fund QIC Ltd. has agreed to pay $2.76 billion to build the nine-kilometer NorthConnex Motorway near Sydney.

Australia
Aussie Firms on $20 Billion Westfield Financing

By Anna Zhang |

The loans will finance a restructuring that will split the Australian shopping mall developer into domestic and international arms.

China
Three Partners Join Zhong Lun in Shanghai

By Anna Zhang |

The trio includes former King & Wood Mallesons and Morrison & Foerster partner Edward Li.

Singapore
Norton Rose Fulbright Adds Singapore Partner

By Anna Zhang |

Sheela Moorthy was previously the Singapore corporate head for DLA Piper.

China, Hong Kong
Magic Circle Firms on $5 Billion Hong Kong Bank Bid

By Anna Zhang |

Oversea-Chinese Banking Corp., Singapore’s second-largest lender, is offering to buy Hong Kong's Wing Hang Bank Ltd. in a bid to expand its reach into China.

China
Slaughter and May on Alibaba Offline Investment

By Anna Zhang |

The Chinese e-commerce giant is investing $692 million in Beijing-based department store operator Intime Retail (Group) Co. Ltd.

China, Hong Kong
V&E Partner Moves to Latham Hong Kong

By Anna Zhang |

David Blumental previously headed Vinson & Elkins' Shanghai office, which was closed last year.

China
A Merger Wave on the Horizon for Chinese Firms?

By Anna Zhang |

A potential merger between two of China's top law firms—Jun He Law Offices and Zhong Lun Law Firm—has launched a flurry of speculation in the region about what such a combination would mean, both for the two firms involved and the still-developing Chinese legal profession.

China, Hong Kong
Two Partners Join Howse Williams Bowers

By Anna Zhang |

Stacy Devoy was previously a Hong Kong partner with Withers while Alison Scott was mostly recently chair of the Residential Property Tribunal in Wales.

China
K&L Gates Adds Beijing Partner

By Tom Brennan |

Frank Voon was previously a counsel with Allen & Overy.

China
U.S. Judge Rules Baidu Has Protected Right to Censor

By Tom Brennan |

A New York federal judge dismissed a lawsuit over Baidu's blocking of pro-democracy content, ruling that the Chinese search engine had a First Amendment right to control the content presented to its users.

India
Jones Day on Indian Government Bank Share Sale

By Anna Zhang |

The government is selling part of its stake in privately held Axis Bank to help close a budget deficit.

China, Hong Kong, Indonesia, Singapore, Australia
Asia Deal Digest: March 27, 2014

By Tom Brennan |

* Latham advising Georgina Rinehart's Roy Hill iron mine on largest project financing ever
* Clifford Chance and Freshfields on Temasek's proposed $5.7 billion investment in Hong Kong retail group A.S. Watson
* Malaysian telecom giant Axiata turns to Sidley for a major Indonesian acquisition

South Korea
Skadden Opens in Seoul

By Tom Brennan |

The firm has relocated partner H. Young Shin, head of the its Korea practice, from New York to lead the new office.

Australia
Ashurst Advising German Builder on Leighton Bid

By Anna Zhang |

Hochtief Aktiengesellschaft A.G. is offering to pay $1.1 billion to increase its stake in Australian construction company Leighton Holdings Ltd.

Indonesia
Sidley on $865 Million Indonesian Mobile Acquisition

By Tom Brennan |

The Indonesian subsidiary of Malaysian mobile telecommunications carrier Axiata Group Bhd. is buying local rival PT Axis Telekom Indonesia from Saudi Telecom Co.

China
Zhong Lun, Jun He Discussing Possible Merger

By Anna Zhang |

The two Beijing-based law firms are generally considered to be among China's top three with King & Wood Mallesons. A merger between Zhong Lun Law Firm and Jun He Law Offices would create a combined firm with about 1,300 lawyers.

Australia
Clayton Utz Closes Hong Kong Office

By Tom Brennan |

The Australian firm said it has decided to focus on its home market. Its four-partner Hong Kong affiliate will carry on as a stand-alone firm.

Clearing Ltd.'s executive officer Charles Li.

China, Hong Kong
Hong Kong Looks Beyond Lost Alibaba IPO

By Anna Zhang |

Chinese e-commerce giant Alibaba Group's decision to hold what's expected to be the world's largest initial public offering since Facebook in New York instead of Hong Kong was long anticipated. But the company's recent final decision, which coincided with announcements of U.S. listings by other leading Chinese tech companies, has nevertheless swiftly renewed anxieties about Hong Kong’s future as an IPO destination.

China, Hong Kong
Magic Circle Firms on $5.7 Billion Li Ka-shing Deal

By Anna Zhang |

Singaporean sovereign wealth fund Temasek Holdings Pte. Ltd. is buying a 24.95 percent stake in A.S. Watson, the retail unit of Hong Kong conglomerate Hutchison Whampoa Ltd.

Australia
Latham, A&O on $7.9 Billion Roy Hill Financing

By Anna Zhang |

The loans to develop an iron ore mine in Western Australia amount to the largest project financing ever in the mining sector.

Japan
Toyota Pays $1.2B for Misleading U.S.; Civil Claims Remain

By Amanda Bronstad |

A $1.2 billion settlement between Toyota Motor Corp. and the U.S. Department of Justice will have little direct effect on negotiations to settle remaining lawsuits over deaths and injuries associated with sudden acceleration, but could sway jurors should those cases go to trial, according to attorneys involved in those actions.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: March 20, 2014

By Anna Zhang |

* Alibaba confirms New York IPO with Simpson Thacher at the helm
* Allen & Gledhill and WongPartnership on Temasek-led bid to acquire commodities trader Olam
* Latham leads on Indian travel site's $126.5 million Nasdaq share offering

Japan
Two Partners Join Pillsbury in Tokyo

By Tom Brennan |

Energy and infrastructure specialists Anthony Raven and Simon Barrett were previously partners in the Tokyo offices of Hogan Lovells and Simmons & Simmons, respectively.

China, Hong Kong
Loeb & Loeb Adds Hong Kong Partner

By Tom Brennan |

Jae Chul Lee was previously a partner in Hong Kong with DLA Piper.

Singapore
Singapore Firms on Temasek-led Olam Acquisition

By Anna Zhang |

A consortium led by the Singapore sovereign wealth fund has offered to buy outstanding shares of commodities trader Olam for around $2 billion.

Japan
K&L Gates Adds Tokyo Partner

By Tom Brennan |

Philip Hyde was formerly head of the finance practice in Hogan Lovells' Tokyo office.

China
China's Light Touch on Insider Trading

By Anna Zhang |

In what's believed to be its first enforcement action against a lawyer for insider trading, the China Securities Regulatory Commission fined Jun He Law Offices partner Mi Xingping just $5,000. A number of lawyers in the country say insider trading is not usually viewed as a serious offense in China, with offenders more often hailed as clever than reviled as criminal.

Myanmar
Berwin Leighton Enters Myanmar Alliance

By Tom Brennan |

The firm is partnering with Yangon-based Legal Network Consultants.

South Korea
Prosecutor Moves to Defense at Yoon & Yang

By Tom Brennan |

Young Kon Cho is joining the firm from the Seoul Central District Prosecutors' Office, where he was chief prosecutor.

South Korea
Yulchon Adds IP Partner

By Tom Brennan |

Dong Soo Han was most recently presiding judge of the Civil Appellate Court in Suwon, and has spent 16 years as a judge in various Korean courts.

Singapore
Stephenson Harwood Global Aviation Head Joins Milbank

By Anna Zhang |

Paul Ng will lead Milbank's Asian aviation practice from Singapore.

Singapore
Rajah & Tann Adds Singapore Partner

By Tom Brennan |

Marae Ciantar was formerly the Singapore managing partner for Australian firm Allens.

China
Jingtian & Gongcheng Fined Over IPO Due Diligence

By Anna Zhang |

The leading Beijing capital markets law firm says it was fined $50,000 and ordered to disgorge $25,000 in legal fees by China’s securities regulator, which also lifted a four-month ban on IPO applications from the firm.

Australia
Asia Deal Digest: March 13, 2014

By Tom Brennan |

* MoFo advises Singapore's GLP on its $1.4 billion purchase of Brazilian warehouse space
* Chinese auction house Poly Group turns to Clifford Chance for $331 million IPO
* Davis Polk and Skadden on Tencent's strategic alliance with online retailer JD.com.