Clifford Chance and Jingtian & Gongcheng are playing pivotal roles in advising on the $1.3 billion Hong Kong initial public offering (IPO) of Shanghai-listed Chinese soy sauce maker, Foshan Haitian Flavouring and Food. This IPO marks the second largest in Hong Kong this year, demonstrating the continuing trend and popularity of ‘A-to-H’ share listings, where…
Clifford Chance and Jingtian & Gongcheng have successfully advised Foshan Haitian Flavouring and Food on its $1.3 billion initial public offering in Hong Kong. This marks the second-largest IPO in Hong Kong this year for the Shanghai-listed soy sauce manufacturer. This move is part of the company’s broader A-to-H share strategy, which involves listing on…
Vietnam is navigating the challenging landscape of international trade relations, trying to balance its ties with both the United States and China. Since 2004, China has been its largest trading partner, while the U.S. represents a significant market that Vietnam cannot afford to alienate, given the ongoing trade tensions. The country is now attempting to…
La Poste, France’s national postal service, faced a significant setback as the Paris Court of Appeal upheld a prior injunction against it, despite a formidable defense team featuring a former French prime minister and partners from Paul Hastings. This ruling emerges from an ongoing legal challenge regarding the enforcement of a 2017 French law. The…
Baker McKenzie has strengthened its London office with the addition of an investment funds partner from Latham & Watkins. This strategic move comes amid celebratory times for the firm, coinciding with the election of London-based Sunny Mann as the next chair. This new hire is expected to bolster the firm’s capabilities in the competitive legal…
Spain, like many European nations, grapples with an overburdened justice system. In response, it has implemented mandatory mediation aimed at addressing court backlog. While the effectiveness of these reforms remains uncertain, some legal experts express skepticism. The immediate consequence seems to be an influx of lawsuits in civil courts in Barcelona and Madrid, as litigants…
Several major law firms have recently increased their newly qualified (NQ) lawyer salaries in London, solidifying a trend where remuneration exceeding £100,000 is becoming the standard among the top U.K.-founded firms. Notably, DLA Piper recorded the highest percentage increase, as more firms within the U.K. top 20 adopt this new pay benchmark. For further details…
Litigation funders continue to express apprehension about the current state of their industry, notwithstanding the UK Justice Council’s recent report urging the government to overturn the effects of the PACCAR ruling. The report’s recommendations have provided some hope, yet concerns prevail as the regulatory landscape remains uncertain. Funders worry about potential constraints and the future…
US-based law firms are gaining a notable edge in the UK legal market, particularly in terms of revenue per lawyer (RPL). Despite not being the largest players in the UK, they are leading the charts for RPL, with data from Law.com Compass indicating that 10 out of the top 12 firms in this metric are…
In an effort to expand their international presence and circumvent trade barriers, Japanese firms are increasingly opting to divest non-essential domestic assets while acquiring new ventures in Europe and the U.S. In line with this strategy, Travers Smith and Nishimura & Asahi are advising Mitsubishi Estate on an acquisition estimated at $686 million for a…
Jingtian & Gongcheng, along with Harney Westwood & Riegels (Harneys), are advising Hong Kong jewellery brand Chow Tai Fook on its significant $1.5 billion convertible bond issuance. This transaction is noted as one of the largest convertible bond sales in Hong Kong this year. It follows similar substantial bond deals recently completed by other major…
In a strategic move to bolster their technological expertise, Squire Patton Boggs and White & Case have recruited new technology partners in Sydney. Notably, these partners join from TikTok and Bird & Bird, signifying the firms’ commitment to enhancing their capabilities in the tech sector. Although access to the full article requires a subscription, further…
Enzo Di Iorio is set to assume the role of chair at Miller Thomson starting July 1, bringing with him a leadership style that is informed by his entrepreneurial background and his early years working as a bricklayer. Di Iorio, the son of Italian immigrants, has cultivated an inclusive approach that is anticipated to significantly…
In a significant shift within the legal landscape in Paris, Frédéric Chevallier, previously the co-head of intellectual property at Herbert Smith Freehills Kramer, has joined the ranks of McDermott Will & Emery. Chevallier is noted for his expertise in leading cross-border patent litigation, especially before the Unified Patent Court. This move is part of broader…
K&L Gates has made a notable addition to its Brussels office by rehiring a former partner from Alston & Bird. Isabelle De Smedt returns to the firm after originally leaving seven years ago for Nixon Peabody, just months after achieving partner status. This move marks a significant shift in K&L Gates’ European strategy, particularly in…
In a landmark legal battle, Bennett Jones successfully secured what is believed to be the largest commercial damages award in Canadian history. The epic lawsuit involved Dow and NOVA Chemicals, two industry giants in the chemical sector. Following years of intense litigation, Dow emerged victorious with a compensation of CA$3.56 billion. This notable win marks…
Greenberg Traurig, a global law firm, has made a strategic enhancement to its Milan office by hiring a four-lawyer employment team from Watson Farley & Williams. This team’s lead, Giuseppe Bulgarini d’Elci, will join as a shareholder. These recent recruitments in Milan, along with others in London, mark Greenberg Traurig’s focused effort to bolster its…
In a landmark decision, Bennett Jones has secured what is reportedly the largest commercial damages award in Canadian history. The case, a long-standing legal battle between industry giants Dow and NOVA Chemicals, concluded with Dow being awarded CA$3.56 billion. This decisive ruling marks the end of a decades-long dispute, positioning Bennett Jones at the forefront…
“`html KPMG Law has encountered a significant setback in its Asia-Pacific operations as its merger with ZICO Law has fallen through. The collapse of this merger results in firms in Cambodia, Indonesia, and Malaysia deciding to part ways. This development marks another hurdle for KPMG’s strategic expansion in the region. Additionally, it has been disclosed…
The proposed merger between KPMG Law and ZICO Law has fallen apart, leading to a significant shift in the legal landscape within the Asia Pacific region. Member firms from Cambodia, Indonesia, and Malaysia have decided to separate, impacting KPMG’s strategic objectives in the region. For more details, the original article on the Law.com International Edition…
Weil Gotshal & Manges and Covington & Burling are at the forefront of a $1.55 billion transaction in the aerospace sector, marking a significant U.S. acquisition of a U.K. enterprise. This deal continues a recent trend of high-value cross-border acquisitions, with multiple U.S. companies investing substantial amounts in U.K. businesses in recent times. For additional…
New York-based firm Paul, Weiss, Rifkind, Wharton & Garrison has ascended to the top of the rankings for average revenue per lawyer (RPL) in the UK. This movement underscores the dominance of US-headquartered firms in the top positions, with eight out of the top ten spots occupied by such firms. For further details, refer to…
Geradin Partners, a Belgian competition law boutique, is set to expand its presence into Germany. The firm plans to establish two new offices in the country by bringing on board a team of three lawyers from Hausfeld and another team of two lawyers from Osborne Clarke. These will mark Geradin Partners’ inaugural locations in Germany,…
Sullivan & Cromwell has significantly bolstered its London team by bringing on Barnabas Reynolds, the former global co-head of financial institutions at A&O Shearman. Reynolds, widely acknowledged as a leading figure at Shearman & Sterling prior to its merger with Allen & Overy, joins Sullivan & Cromwell as they continue to strengthen their legal foothold…
Goodwin Procter is set to shutter its German real estate department and close its office in Frankfurt by the end of 2025. This makes Goodwin the second global law firm to close its Frankfurt operations in the past month. This move highlights the shifting landscape of the legal industry in Germany, particularly in the real…