HK, China settlement On 18 January 2019, Hong Kong and China signed the Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and t pulCommercial Matters between the Mainland and the Hong Kong SAR Courts. This is an important improvement for parties negotiating dispute decision mechanisms and considering the choice of court docket provisions. The arrangement applies to civil judgments and covers each financial and non-economic comfort. Judgment lenders will no longer need to begin clean lawsuits inside the enforcing jurisdiction. The association will take the impact on a date to be announced. Dechert boosts HK litigation. Dechert has these days brought to its global litigation group by hiring Maria Sit as an accomplice in its Hong Kong office. She is skilled in advising on regulatory investigations and enforcement in addition to
complicated civil litigation and arbitration, and formerly served as an in-residence recommend on the Securities and Futures Commission of Hong Kong. “Maria can be a key addition to our worldwide disputes practice allowing us to satisfy growing customer call for dispute offerings across Asia,” said Dechert’s Hong Kong workplace head David Cho. “Her enjoy throughout complex litigation, arbitration in addition to government enforcement and investigations complements the firm’s presence in the location,” Take-personal provides to iKang Maples, and Calder (Hong Kong) is appearing as Cayman Islands suggest to a consumer consortium created from Yunfeng Fund III, LP, Yunfeng Fund III Parallel Fund, LP, Taobao China Holding and Boyu Capital Fund III, LP, about the take-personal provide made to iKang Healthcare Group, a Cayman Islands enterprise listed on NASDAQ. Kang is one of China’s biggest providers in the non-public preventive healthcare space. The Maples crew was led with the aid of partners Greg Knowles and Richard Spooner and assisted by accomplice Karen Zhang Pallares. Davis Polk & Wardwell acted as the company’s US suggest, and Simpson Thacher & Bartlett acted as US counsel to the special committee. In contrast, Wilson Sonsini Goodrich & Rosati acted as US counsel for the consumer consortium. M&A practice profits expert Shearman & Sterling announced that Karl Pires joined the company as an M&A companion primarily based in its Tokyo office. Pires’ practice focuses on representing Japanese companies on strategic acquisitions and growing business ventures outdoors in Japan. A 20-yr veteran of move-border M&A, Karl enjoys advising Japanese clients inside the power, energy, commercial, automobile, and generation sectors. Tanner takes on representative Tanner De Witt announced the appointment of Kevin Bowers as a representative in the company’s litigation and dispute decision exercise. Bowers has practiced as a commercial disputes attorney and companion with three leading impartial Hong Kong regulation corporations over twenty years. He specializes in commercial, insurance, and employment litigation and dispute resolution in Hong Kong and internationally. Simmons boosts DR practice. Simmons & Simmons introduced that Eric Chan rejoined the company as a consultant. Chan brings over ten years of revel in dispute resolution, advising and representing clients on complicated and excessive-profile disputes in Asia, such as Hong Kong and mainland China. Before rejoining the company, he worked for Addleshaw Goddard and Freshfields Bruckhaus Deringer. Baker in the sale to Blackstone Baker McKenzie advises Taubman Centres, an S&P MidCap 400 Real Estate Investment Trust, on its sale of 50% of its pastimes in 3 buying centers in Asia to Blackstone Group. Taubman will stay the partner accountable for the three centers’ joint control located in Hanam (South Korea), Xi’an, and Zhengzhou (China). The transaction is valued at US$480 million. The Baker McKenzie transactional team changed into led using Jason Ng, companion and co-chair of the company’s Global Investment Funds Group based within the Hong Kong workplace. He becomes supported via May Lau, Sean Yeo, Da Wang, Andrew Choi, and Brian Chu in Hong Kong, Addison Braendel (companion) and Braden Stevenson in Chicago, and Alexander Gong (associate at Baker McKenzie FenXun (FTZ) joint operation workplace in Shanghai). DLA grabs Lee for corporate DLA Piper has appointed Philip Lee as an accomplice in its Corporate exercise based in Singapore. Lee joins the firm from Herbert Smith Freehills, in which he has been an associate since 2012. He focuses on debt capital markets and has experience advising on complex securities transactions, especially associated with based finance and standard securities. He has also enjoyed syndicated and secured bank lending, emphasizing established finance, undertaking finance, and acquisition finance. Twice as exceptional as Lewis Silkin announced the enlargement of its practice in Hong Kong with two hires. At the same time, the firm also heralded becoming a legitimate Hong Kong member of the global employment law community Ius Laboris. Lewis Silkin Hong Kong launched in 2015. Following its conversion to a Hong Kong partnership with effect from 15 January 2019, the firm became one of the biggest employment, immigration, and incentives professionals in the region. The new exercise can be led by an employment accomplice and head of Lewis Silkin Hong Kong, Kathryn Weaver, and fellow associate Andrew Wanambwa, who specializes in dispute resolution. The exercise became bolstered through the hires of Catherine Leung and Kenneth Leung. Catherine Leung has reveled in both contentious and non-contentious employment law. Kenneth Leung is noted as a leading attorney on tax and trusts. Stephenson Harwood turns forty in HK. Law firm Stephenson Harwood is celebrating its 40th anniversary in Hong Kong this 12 months. “When we released our Hong Kong workplace 40 years ago, Stephenson Harwood became one of the first UK-established regulation firms to set up a presence in Greater China,” said Voon Keat Lai, the company’s Greater China managing partner. “In forty years, we’ve grown along with the wishes of our customers; nowadays, we have extra than 240 human beings and 29 partners throughout our workplaces in Hong Kong and the PRC.” Marriage for FLA corporations After three years of collaboration as Withers KhattarWong, a formal law alliance (FLA) in Singapore, Withers Worldwide and KhattarWong LLP have mixed practices into a fully integrated law firm. Withers KhattarWong LLP is Singapore’s biggest global law firm centered on non-public capital, with over ninety lawyers qualified in diverse jurisdictions. KWM in HK keeps growing. King & Wood Mallesons (KWM) introduced the addition to its Hong Kong workplace of Ashley Wong, effective from 15 January 2019, and Wang Yu, who joined in February. Wong joins Mayer Brown and might be answerable for the firm’s Hong Kong aviation practice. Wang has more than ten years of enjoying advising on securities offerings, personal equity, and different corporate transactions. MUL in UK windfarm Japanese regulation company Nishimura & Asahi suggested Mitsubishi UFJ Lease & Finance Company Limited (MUL) on its participation within the Moray East Offshore windfarm venture off the northeast coast of Scotland in the UK. MUL has agreed to acquire 20% of the shares of Diamond Green, which holds a 33.Four% stakes within the undertaking, from Diamond Generating Europe, a UK-based subsidiary of Mitsubishi Corporation, via MUL Infrastructure UK, a UK-based infrastructure-associated funding subsidiary of MUL. The Nishimura & Asahi group advising MUL became led by companions Megumi Shimizu, Yasunari Sugiyama, Hiroki Kaga, James Emerson, Mark Tudor, and Kentaro Miyagi. SnG rent for Herbert Smith Freehills has hired senior companion Amanda Teoh to enroll in its Singapore asset finance crew. Teoh’s lease is the contemporary investment inside the firm’s international asset finance offering following the lease of companions Rex Rosales and Jahnavi Ramachandran in London and Siva Subramaniam and Samuel Kolehmainen in Singapore. Hastings in CBD sale Paul Hastings advised ICBC International Investment Management, the entirely-owned Hong Kong subsidiary of the Industrial and Commercial Bank of China, on its formation of a partnership with Sino-Ocean Group, one of the largest real property agencies in China, for the purchase from affiliates of Sino-Ocean of Ocean Office Park (Beijing), a Grade-A workplace building placed inside the center vicinity of Chaoyang District, Beijing, for RMB5.38 billion (US$804 million). The Paul Hastings team led by actual property partner Paul Guan and corporate companion Meka Meng, with help from Sean Zhang, Elyn He, Cece Yang, and Lawrence Sham.