News in Brief | Asia Business Law Review


Companies advise on Shiseido JV

Clifford Chance has advised private equity and investment advisory firm CVC Capital Partners on multi-jurisdictional merger cases for its US $ 1.5 billion joint venture with Japanese multinational cosmetics company Shiseido. White & case advised CVC on the financing, and Davis Polk advised Shiseido.

Korean DHIC goes nuclear

Yoon & Yang advised Doosan Heavy Industries and Construction (DHIC) on a $ 60 million investment in NuScale Power, a US manufacturer of nuclear power plants. In addition to DHIC’s initial investment of $ 44 million in 2019 with other Korean investors, the funding brought the total investment to $ 104 million.

Lee & Ko assists green bonds

Lee & Ko advised South Korean chemicals company LG Chem on a global two-tranche US $ 1 billion green bond issue: US $ 500 million with a five-year maturity; and US $ 500 million with a 10-year maturity. Both tranches had fixed interest rates, with the five-year maturity tranche having an interest rate of 1.48% per annum after adding 0.6% to the five-year US Treasury yield of 0, 88%, and the 10-year maturity tranche having an interest rate of 2.38% per annum after adding 0.9% to the 10-year US Treasury yield of 1.48%.

BCLP adds head of Korea

Bryan Cave Leighton Paisner hired real estate attorney Kwon Lee as a partner and global head of the Korean practice in the New York office. He joined Mayer Brown in New York, where he was a partner and co-head of the US real estate practice in Asia and global head of the practice in Korea for over six years.

White & Case is recruiting four

White & Case has hired capital markets lawyer Margie Chan in Hong Kong, international arbitration lawyer Lee Carroll in Melbourne, and project lawyers Chris Flynn and Tim Kennedy in Sydney. All four are partners.

Skadden guides the Xiaomi offer

Skadden advised global tech company Xiaomi in connection with a two-tranche Xiaomi subsidiary’s $ 1.2 billion debt offering on the Hong Kong Stock Exchange. Xiaomi will issue $ 400 million in total principal of 4.1% senior green bonds due 2051 and $ 800 million in total principal of 2.875% senior bonds due 2031. The Hong Kong-based team was led by business partners Julie Gao, Edward Lam and Paloma Wang. .

CCT makes a private call

China Customer Relations Centers (CCRS), a Nasdaq-listed call center business process outsourcing service provider in China, went private through a merger with a British Virgin Islands (BVI) company Taiying International. Hogan Lovells and Carey Olsen acted as legal advisers to the Special Committee of the CTC Board of Directors. Haneberg Hurlbert was the US legal adviser and Campbells was BVI legal adviser to the CCT. Harneys and the Chinese firm Commerce & Finance Law Offices assisted Taiying. King & Wood Mallesons (KWM) advised China Merchants Bank as Taiying’s lender.

CMS hires financial lawyer in Hong Kong

CMS has engaged Christopher Whiteley, a structured finance lawyer, as a partner in its Hong Kong financial group and its established capital markets and derivatives practice. Whiteley joined Ashurst, where he was a partner for 15 years. He specializes in structured finance and advises financial institutions on hedging, trading activities and complex strategic and financing transactions.

Norton Rose hires a partner

Norton Rose Fulbright hired Andrew Digges as an associate in his projects practice in Singapore. He joined Ashurst where he was also a project partner in Singapore. Digges has over 20 years of experience in financing and project development, focusing on the energy, renewable energy, transportation, utilities and social infrastructure sectors. He also has extensive knowledge of the Indonesian market, having worked in Jakarta for five years.

Former SIAC ELF helmets

Former South Asia Director of the Singapore International Arbitration Center (SIAC), Pranav Mago, has created ELF Partners, a consultancy firm specializing in litigation financing in Singapore. In addition to connecting litigants with donors, the firm performs due diligence on issues by assessing the legal merits of cases, quantum analysis of claim amounts and investigations into other assets. party, in order to present a consolidated argument to the funder.

ICC arbitrator joins 39 Essex

39 Essex Chambers has appointed Abhinav Bhushan as the new Managing Director for Asia and will be based in the Singapore office of Maxwell Chambers. Bhushan joined the International Court of Arbitration of the International Chamber of Commerce (ICC), based in Paris, where he was Director for South Asia in the Singapore office for more than five years. He joined the ICC International Court of Arbitration in 2012 as Deputy Legal Advisor before being promoted to Director in 2016.

Stephenson adds a referee

Stephenson Harwood has hired partner in international arbitration Chris Bailey, who will move from the firm’s London office to Singapore in due course. He joined King & Spalding, where he was a partner in the Tokyo office for almost six years. Bailey has 20 years of expertise in arbitration, mediation, litigation and criminal and regulatory investigations.

Thai IPO Linklaters

Linklaters advised Ngern Tid Lor (Tidlor), a Thai microfinance firm controlled by the Bank of Ayudhya, in connection with its IPO and listing of its shares on the Stock Exchange of Thailand. The firm also advised Siam Asia Credit Access and the Bank of Ayudhya, Tidlor’s main shareholders, on the sale of part of their existing shares. The team was led by partners Pornpan Chayasuntorn and Pichitpon Eammongkolchai in Bangkok, and partner Ahn Hyung in Hong Kong.

Ashurst hires partner from Jakarta

Ashurst’s partner firm in Indonesia, Oentoeng Suria & Partners, hired Dion Alfadya as a partner in their corporate practice in Jakarta. Alfadya joined Allen & Overy in Jakarta, where he was an advisor and partner for over six years. He has 15 years of experience specializing in mergers and acquisitions, joint ventures, fundraising, strategic collaborations and investments.

VILAF supports the bond offer

Vietnamese firm VILAF advised Credit Suisse (Singapore) as sole global coordinator and bookrunner in the $ 300 million offer of convertible bonds due 2026 by Vietnamese real estate firm Novaland Group, which will be listed on the Singapore Stock Exchange. Founding partner Tran Tuan Phong led the team in Hanoi with the help of lawyer Nguyen Lam and senior partner Tu Anh.

Malaysian JV Sale

Linklaters advised AXA and Affin Bank in Malaysia on the sale of the joint ventures AXA Affin General Insurance (AAGI) and AXA Affin Life Insurance (AALI) to the Italian insurance company Generali for MYR 688 million ($ 165 million US). Wong & Partners, a member firm of Baker McKenzie in Malaysia, advised Generali.

Litigation partner joins Holman

Holman Fenwick Willan (HFW) has hired international arbitration partner Jo Delaney in Sydney. She joined Baker McKenzie after eight years of practice as an associate and special advisor. Delaney has over 20 years of experience advising on cross-border disputes in the construction, energy and infrastructure sectors.

Baker guides funding for VNLife

Baker McKenzie helped Vietnam-based payments provider VNLife raise US $ 250 million in Series B funding. The team was led by partner Nguyen Oanh Hoang Kim in Ho Chi Minh City, with the help of senior partner Daniel Ngo Thai Ninh in Hanoi and partner Ngo Chi Hoang Yen in Ho Chi Minh City.

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