2014.1
Proskauer lures Asia lit head from Dechert
Proskauer has hired partner David Chu from Dechert in Hong Kong to head the firm’s Asia litigation practice.
Virtus Law raids Colin Ng for corp trio
Stephenson Harwood’s Singapore associate firm Virtus Law has hired three corporate partners – Elaine Beh, Allan Tan and Kong Seh Ping – from Colin Ng & Partners.
Tilleke promotes lit partner
Southeast Asian law firm Tilleke & Gibbins has promoted Kasamesunt Teerasitsathaporn to partnership in its dispute resolution and litigation group in Bangkok.
Dubai Group ‘signs $10 bln debt restructuring deal’
Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters, marking the end of a perilous period which saw the emirate risk collapse under a mountain of debt obligations.
Korea’s latest data, trade secret protection laws
Regulatory authorities have been formally addressing Korea’s data management issues by ratifying tough legislations including the Unfair Competition Prevention Act and Trade Secret Protection Act (UCPA) and the latest Personal Information Protection Act.
SE Asia Deals: SIA buys 7.3 pct stake in Tigerair
JSA, Fenwick & West guide Facebook’s acquisition of Little Eye Software’s shares, Dhir & Dhir advise on the National Housing Bank’s issue of tax-free bonds, Jones Day counsels Saka Indonesia Pangkah on its acquisition of the Ujung Pangkah assets from Hess Corp, and much more in our weekly Southeast Asia deals spotlight.
Alcoa to pay $384 mln to settle Bahrain bribery charges
Alcoa Inc and a joint venture it controls have agreed to pay $384 million to resolve charges of bribing officials of a Bahraini state-controlled aluminum smelter, marking one of the largest U.S. anti-corruption settlements of its kind.
State Grid, Oman fund among investors in Li-Ka Shing’s utility trust IPO
Li Ka-shing’s Power Assets Holdings Ltd said on Sunday it received initial commitments worth nearly $1.34 billion from two investors for a Hong Kong initial public offering of its electricity business.
Dubai deal may be imminent, bankers say
ours of a bond issue by Dubai are gathering pace as debt capital markets bankers covering the Middle East say a deal may be imminent.
1MDB ‘asks banks to pitch for roles in $2 bln power IPO’
State investor 1Malaysia Development Bhd (1MDB) has invited investment banks to pitch for advisory roles for an up to $2 billion IPO of its power assets, the country’s biggest listing in nearly two years, sources said on Wednesday.