Deals

Jack Ma.

Asian Lawyer
Simpson Thacher, Skadden Lead $1.7B MassMutual Asia Sale

By Anna Zhang |

Alibaba chair Jack Ma-backed brokerage Yunfeng Financial agrees to buy the U.S. insurer along with other Asian investors.

Asian Lawyer
Gunderson Dettmer Leads on SoftBank's $2.5B Indian Venture

By Anna Zhang |

The Japanese tech giant’s $93 billion Vision Fund was the latest to invest in Flipkart, India’s answer to Amazon.

GlaxoSmithKline headquaters.

Europe
How Pharma Giant GSK Got Tough on Fixed Fees

By Chris Johnson |

Microsoft recently announced plans for 90 percent of its external legal work to be handled via alternative fee arrangements within two years. GlaxoSmithKline is already there.

Nick Grabar and Francesca Odell of Cleary Gottlieb

Latin America
Latin American Dealmaking Feeds Workload for Transactional Attorneys

By Monika Gonzalez Mesa |

Three of the region's biggest players—Argentina, Brazil and Mexico—have seen an increase in transaction activity this year, lawyers say.

Photo by jbdodane

Emerging Markets
Allen & Overy, Arnold & Porter Lead on Landmark African Bond Issue

By Chris Johnson |

Allen & Overy and Arnold & Porter Kaye Scholer advised on a landmark sovereign bond issue by the Federal Republic of Nigeria that may pave the way for similar offerings by other African nations.

Europe
Canadian Firm Launches Fund Targeting Tech Industry Clients

By Meghan Tribe |

Toronto-based firm Blake, Cassels & Graydon is launching a first-of-its-kind fund to provide subsidized legal services to support the rapidly growing Canadian technology startup market.

Europe
Could Fox News Woes Lead to Sky Deal Falling?

By Todd Cunningham |

The long-playing Fox News sexual harassment scandal draws scrutiny from U.S. investigators and the U.K. regulators who must approve 21st Century Fox’s $14.8 billion acquisition of Sky News.

Latin America
Wall or No Wall, Cross-Border Pipelines Keep Texas Lawyers Busy

By Miriam Rozen |

"A bunch of the anti-Mexico rhetoric that you heard from the president has now faded," says King & Spalding's James Bowe.

Europe
U.K. Incubator Sets Sights on 'Regtech' for Corporate Compliance

By Rhys Dipshan |

The new incubator, Codify, will provide regulation technology startups with logistical resources and strategic advice and direction from corporate professionals.

Azul Brazilian Airlines at Curitiba Airport (CWB) in Brazil.

Latin America
Brazilian IPOs a Boon to Shearman, Simpson Thacher

By Brian Baxter |

The two Wall Street firms are advising this week on a pair of initial public offerings by Brazilian airline Azul SA and Latin American e-commerce giant NetShoes Ltd. that have raised nearly $800 million for both companies and generated millions in legal fees.

Latin America
Cleary Advises on Latin America Bond Deals

By Monika Gonzalez Mesa |

In Chile, the law firm represented two companies in a $364.4 million first-of-its kind bond restructuring. Another Cleary team advised the government of Mexico in a dollar-denominated bond offering of $3.15 billion.

Asian Lawyer
Clifford Chance, KWM on First Ever Australian Master Trust Deal

By Anna Ward |

Former GE Capital’s Australian and New Zealand consumer finance business Latitude Financial launches a $840 million master trust for its credit card business.

Asian Lawyer
DLA Piper, Latham Advise on Sinopec's $1B African Deal

By Anna Zhang |

Asia’s largest oil refiner makes its entry into the African downstream market as U.S. giant Chevron exits.

Capitol of Puerto Rico, in San Juan

Latin America
Puerto Rico's Sole Deal With Bondholders in Jeopardy

By Danica Coto |

The sole tentative debt restructuring deal that Puerto Rico reached after two years of negotiations is in jeopardy after federal control board officials said they would support the U.S. territory's push to amend the agreement.

Asian Lawyer
Dentons, Zhong Lun, Behind China's First Investment Treaty Arbitration Win

By Anna Zhang |

A three-arbitrator panel at the International Centre for Settlement of Investment Disputes in Washington, D.C., dismissed Korean developer Ansung Housing’s claims against China.

Kathleen A. Scott

Europe
Trump Deregulation: What's in It for Non-U.S. Banks?

By Kathleen A. Scott |

In this expert analysis column, Norton Rose Fulbright counsel Kathleen A. Scott discusses the Trump administration's initial efforts at addressing what the U.S. president sees as over-regulation, and suggests what effect it might have on non-U.S. banks' operations in the United States.

Emerging Markets
Clifford Chance and Allen & Overy Win Roles on Kuwait's $9.5 Billion Debut International Bond

By Anna Ward |

The bond sale, expected to be completed in late March, comes as low oil prices in the Middle East prompt countries across the region to seek to diversify their economies. In the past 12 months, Abu Dhabi, Saudi Arabia and Oman have all tapped into foreign capital markets.

Asian Lawyer
Deal Watch: SoftBank's Spending Spree Keeps Lawyers Busy

By Meghan Tribe |

Japan’s SoftBank Group Corp. has continued its frenetic deal pace, brokering a $13 billion merger between satellite operators, investing $3 billion in office-sharing startup WeWork and taking part in a $500 million fundraising round by online lender Social Finance. Morrison & Foerster, a longtime legal adviser to SoftBank, is close behind.

Fairfax Financial Holdings Ltd. Chairman and Chief Executive Officer Prem Watsa speaks during the company's annual meeting in Toronto in this file photo taken April 11, 2013.

Europe
Canadian Big Deals

By Marlisse Silver Sweeney |

Fairfax Financial Holdings Limited heads to Switzerland in its biggest acquisition to date, and more.

Davis Polk & Wardwell received International Law Firm of the Year.

Asian Lawyer
The Asian Lawyer Announces Winners for 2017 Asia Legal Awards

By Asian Lawyer Staff |

Davis Polk & Wardwell and Korean firm Bae, Kim & Lee are among the top winners of the fourth annual celebration for the regions leading firms and individuals.

Europe
Transatlantic Legal Awards Launch with Call for Entries Showcasing Top Deals and Law Firms

Submissions are now being accepted for the June awards, which recognise excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting law firm innovation, commitment to pro bono, outstanding transatlantic strategy and in-house leaders.

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

By Brian Baxter and Meghan Tribe |

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.

Asian Lawyer
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.

Europe
Linklaters and Cleary Among Advisers on Talks over Sale of GM's European Business

By Alex Berry |

Law firms line up on potential sale of Opel and Vauxhall to PSA Group.

Andrew Saker

Asian Lawyer
Litigation Funder Bentham, Fortress Seek to Tap US Litigation Market

By Roy Strom |

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.

2016- Johnson & Johnson Office in North America. from Flickr

Europe
Deal Watch: Six Firms Advise on J&J's Actelion Acquisition

By Meghan Tribe |

Cravath, Swaine & Moore, Slaughter and May and Wachtell, Lipton, Rosen & Katz are leading a team of firms that have landed lead roles on Johnson & Johnson’s proposed $30 billion buy of Swiss biotechnology company Actelion.

Asian Lawyer
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.

Asian Lawyer
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.

Asian Lawyer
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.

Oil Drilling Gulf of Mexico.

Latin America
Mexico’s Energy Reforms Mean Billions in Investment and More Work for Lawyers

By Susan Postlewaite |

Sweeping reforms in Mexico's energy sector are luring billions in investment, keeping lawyers busy.

Mina Arai-Ito

Asian Lawyer
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.

Asian Lawyer
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)

Asian Lawyer
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?

In London, the houses of Parliament on the river Thames

Europe
18,000 Legal, Accounting Jobs At Risk As EU Targets Key London Finance Business

By Chris Johnson |

The European Union is to make a renewed attempt to wrench euro-denominated clearing business from London to the eurozone in a move that could cost tens of thousands of jobs in the U.K. capital.

Asian Lawyer
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.

Emilio J. Alvarez-Farre of Greenberg Traurig

Latin America
Greenberg Traurig Advises on Two Mexico Deals

By Monika Gonzalez Mesa |

Greenberg Traurig has been working on a couple of major deals in Mexico: a $409 million two-currency credit facility for a paper producer, and a joint venture that will have to be approved by Mexican regulators.

Latin America
Cleary Gottlieb Advises on Pemex Debt Securities Offering

By Monika Gonzalez Mesa |

Cleary Gottlieb represents Mexican state oil company Pemex in a $5.5 billion debt securities offering in U.S. dollars.

Europe
Dutch Banks ABN AMRO and NIBC Kick Off Panel Reviews

By Alex Berry |

ABN calls the move "a normal periodic review," while NIBC says it aims "to use a more select group of law firms to improve efficiency, speed and quality for both ourselves and our clients.”

Europe
U.K. Central Bank Chief Plans Secret Brexit Deal, Transition Could Take Seven Years

By Chris Johnson |

The head of the U.K.’s central bank is working on a secret deal that would see British businesses retain access to the European single market for at least two years after the country leaves the EU, according to The Sunday Times.

Asian Lawyer
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.

Europe
Regulation Snapshot: US, UK and Russian Approaches to Blockchain

By Gabrielle Orum Hernández |

Though leadership shake ups in the U.K. and U.S. have generated uncertainty about blockchain regulation, many global powers are still showing interest in the technology.

Blockchain Stock art

Europe
Expert Analysis: Russia's Rising Interest in Blockchain Technologies, Amid Legal Issues

By Brian Zimbler, Dmitry Dmitriev and Andrey Ignatenko, Morgan Lewis |

Current regulations and legal obstacles may pose challenges for Russian promoters and developers of cryptocurrencies and other blockchain applications.

Samsung Logo.

Asian Lawyer
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

Asian Lawyer
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.

Latin America
Citibank Sells its Guatemalan Consumer Banking Assets to Grupo Promerica

By Monika Gonzalez Mesa |

Citibank has sold its consumer banking business in Guatemala to Grupo Promerica as it continues to shed Latin American assets.

Latin America
Law Firms See Bright Future in Latin America's Booming Renewable Energy Sector

By Monika Gonzalez Mesa |

From Mexico's northern border to the southern tip of South America, the push for solar and wind energy generation in Latin America is flourishing.

Grupo Elektra

Europe
Grupo Elektra's Intra Mexicana Represented by Jones Day in Multi-Million Dollar Deal

By Monika Gonzalez Mesa |

Mexico City-based electronic money transfer company Intra Mexicana, which operates under the brand name Dinero Express, increased its asset-backed loan program to $421 million, which includes an offering of $184.2 million in public bonds on the Mexican exchange.

Europe
Freshfields Sees Another IPO Pulled As Capital Markets Slump Continues

By Chris Johnson |

Less than two weeks after acting on the cancelled initial public offering of the U.K.’s largest private gym chain, capital markets lawyers at Freshfields Bruckhaus Deringer have once again seen their work go to waste with software company Misys pulling its $5.5 billion IPO.

Asian Lawyer
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.

Asian Lawyer
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.

Asian Lawyer
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.

Asian Lawyer
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.

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

By Meghan Tribe |

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.

Latin America
Cigars, Rum and Contingent Contracts: U.S. Eases Cuban Embargo Restrictions

By Monika Gonzalez Mesa |

The U.S. further loosened its embargo of Cuba on Friday, lifting the cap on the value of merchandise that Americans can bring back from Cuba for personal use—including rum and cigars. But for attorneys in the U.S., a more significant change is that Americans and their companies can now enter contingent contracts with Cuban entities.

Asian Lawyer
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.

Europe
Post-Brexit Deal Count Plunges to Lowest Levels Since 2013

By Rose Walker |

Global and European M&A deal volumes fell to their lowest levels for three years during the third quarter of 2016, following Britain’s vote to leave the European Union this past June.

Emerging Markets
Global Legal Award Winners Announced. And the Winners Are...

The American Lawyer honors the most important and creative cross-border work of the year in citizenship/pro bono, disputes, finance and mergers and acquisitions.

An illustration of Mexico City New International Airport

Latin America
Jones Day, Cleary Gottlieb, Paul Hastings on $2B Bond Offering for Mexico City's New International Airport

By Monika Gonzalez Mesa |

The $2 billion bond offering is the biggest initial bond offering for an airport in Latin America's history.

Asian Lawyer
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.

Monsanto world headquarters complex in St. Louis, Mo.

Europe
Big Firms Round Up Roles on Bayer's Monsanto Megadeal

By Nell Gluckman |

About a half-dozen firms—including a new antitrust team at Paul Weiss—are advising on Bayer AG's proposed $66 billion acquisition of agribusiness giant Monsanto Co. The deal, if approved by regulators, would be the largest all-cash transaction in history.

Formula One 2010 Rd.3 Malaysian GP: opening lap. Wikimedia

Europe
Deal Watch: Freshfields Fuels Up With Racing, Software Sales

By Jennifer Henderson |

The London-based legal giant is advising Hewlett-Packard on the sale of its software business and CVC Capital Partners on the sale of Formula One racing.

State Grid Corp. of China

Asian Lawyer
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.

Stade Velodrome in Marseille, home of soccer club Olympique Marseille.

Europe
After Dodgers Deal, McCourt Taps S&C for French Football Buy

By Jennifer Henderson |

Four years after helping Frank McCourt Jr. sell Major League Baseball's Los Angeles Dodgers for a record-setting sum, Sullivan & Cromwell has been hired by the real estate developer to advise on his roughly $45 million buy of historic French soccer team Olympique de Marseille.

Colombo, Sri Lanka.

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

By Nell Gluckman |

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.

Asian Lawyer
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.

Asian Lawyer
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.

Applebee's in a mall in Qatar (Photo courtesy of DineEquity).

Latin America
How In-House Lawyers Brought IHOP to Panama

By Stephanie Forshee |

DineEquity Inc., the parent company of IHOP and Applebee's, has been expanding into markets like Panama, Kuwait and the Philippines. Overseeing the overseas push has been a team of 11 in-house lawyers led by general counsel Bryan Adel.

Couche-Tard

Emerging Markets
Wachtell Advises San Antonio's CST in Acquisition by Canadian Retail Giant

By Brenda Sapino Jeffreys |

Alimentation Couche-Tard is picking up CST Brands of San Antonio for about $4.4 billion. Fagre Baker Daniels, Willkie Farr & Gallagher and leading Canadian firms Stikeman Elliott and Davies Ward Phillips & Vineberg have also landed roles on the deal.