2014.2
A&O promotes 6 across Asia, ME
Allen & Overy has promoted 16 lawyers to its partnership globally, including three appointments each in Hong Kong and Dubai.
NA Deals: Alibaba acquires AutoNavi for $1.58 bln
Also, DLA guides Fosun International on its investment in, and partnership with, Secret Recipe, Loon & Yeung and Norton Rose advise on CNQC Development’s acquisition of 75 percent of Sunley Holdings’ issued share capital, and much more in this week’s North Asia deals roundup.
Israel warns public on bitcoin risks, mulls regulation
Israel said on Wednesday it was considering regulation of bitcoin and warned citizens that using such decentralized virtual currencies was risky.
Compliance ‘becomes hotter issue for U.S. firms in China’
U.S. companies in China placed greater focus on compliance last year after several high-profile probes into corruption and high pricing, but rising costs and a skills shortage remained their main concerns, the American Chamber of Commerce in Shanghai s…
China auto lobby, policymakers collide over FDI
China’s auto lobby has urged Beijing to support local car makers after the regulator said it was considering further opening up the market to outside investment amid a deepening row between policymakers and state-owned car firms.
Survey: Choice of governing law in China-related contracts
Asian Legal Business is supporting Practical Law China in a benchmarking survey of leading legal practitioners on the choice of governing law in China-related contracts.
Bird & Bird inks Korean alliance
UK law firm Bird & Bird has entered into a cooperation agreement with South Korean firm Hwang Mok Park, marking the first tie-up between an international firm and one of Korea’s top 10 law firms.
Arabtec ‘in talks to buy Kuwaiti firm’
Arabtec Holding, Dubai’s largest listed construction firm, is in the advanced stages of talks to fully acquire a construction company in Kuwait’s Kharafi Group, two sources aware of the discussions said.
With eye on investors, Saudi Arabia plans training for judges
Saudi Arabia said on Tuesday it would set up training centres for its judges, overriding resistance from religious conservatives in a move that should accelerate judicial reforms in the kingdom.
Ooredoo ‘seeks $1 bln refinancing loan’
Qatari telecommunications firm Ooredoo has approached banks for a syndicated loan of up to $1 billion that will refinance existing debt, banking sources said.