2014.3
Chadbourne partner joins B&G in Dubai
Bracewell & Giuliani has hired energy expert Clint Steyn as a partner in its Dubai office from Chadbourne & Parke.
U.S. businessman convicted in China economic espionage case
A California businessman was convicted on Wednesday of stealing DuPont trade secrets to help a state-owned Chinese company develop a white pigment used in a wide range of products.
China Railway ‘to seek private investment for growth’
State-owned China Railway Corporation plans to seek private investment for a railway development fund that could be launched this year, the Shanghai Securities News reported on Thursday.
China to trial telecoms value-added tax
China will trial a new value-added tax for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said on Wednesday at the opening of the annual meeting of parliament, a change which could hit the companies’ profits….
EcoMotors forms 2nd China venture
EcoMotors, a Michigan-based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works.
COFCO ‘in talks to buy Noble’s agribusiness arm’
China’s biggest grains trader COFCO Corp is in talks to buy Noble Group Ltd’s agribusiness arm in a deal that would value the division at around $1 billion, people familiar with the matter said.
Rotork buys S. Korea’s Young Tech
Valve-control systems maker Rotork Plc, fresh from a string of acquisitions that underpinned profit growth last year, has agreed to buy South Korean firm Young Tech Co Ltd for 64 million pounds ($107 million).
NA Deals: COFCO buys $2 bln stake in Nidera
Also, CC, STB, Kim & Chang and Lee & Ko star in Tyco’s $1.93 billion Korea unit sale, Deacons and Cheung & Lee (in association with Locke Lord) feature in Huisheng International’s HK IPO, Baker Botts, Skadden and Zhong Lun advise on Kraton’s $700 million combination with LCY Chemical Corp, and much more in this week’s North Asia deals spotlight.
Mt. Gox files for bankruptcy, hit with lawsuit
Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.
COFCO ‘in advanced talks for stake in Nidera’
COFCO Corp is in advanced talks to buy a stake in Dutch grain trader Nidera, at least two people familiar with the matter said on Thursday, in a move allowing China to take further steps in securing food supplies.