Hong Kong: Leading international law firm Clifford Chance has advised Spain’s largest bank, Banco Santander SA (“Santander”), on its acquisition of an 8% equity stake in China’s second-largest urban commercial and retail lender, Bank of Shanghai Co., from HSBC Holdings Plc (“HSBC”). The transaction, which is subject to approval from the China Banking Regulatory Commission, also includes the signing of a cooperation agreement between Santander and Bank of Shanghai, and represents a total investment of €470 million. The transaction is expected to be completed in the first half of 2014, making Santander the second largest shareholder and international strategic partner of the Chinese bank.
Fredrikson & Byron is pleased to announce that attorney Robert M. Oberlies has joined the firm in its Shanghai office as an officer in the Private Equity, Corporate and Mergers & Acquisitions Groups. Oberlies has over 10 years of experience leading complex international transaction for global companies, including advising on several of the largest M&A deals between China and North America. He has extensive experience advising companies on anti-corruption and related compliance issues, conducting internal investigations and helping to design and implement effective compliance programs. Oberlies has experience in a broad range of industry sectors, including energy (conventional and renewable), medical devices, pharmaceuticals, and other bio-tech, agribusiness, logistics and automotive. He has counseled U.S. and European clients on China’s anti-monopoly laws, customs disputes, and Chinese labor and employment issues, including the areas of collective bargaining, layoffs and equity incentive compensation.
International law firm Dorsey & Whitney LLP announced today that Frank S. Hong has joined the Firm’s Corporate group as a partner in its Shanghai office. Mr. Hong’s practice focuses on advising multi-national corporations on Chinese inbound direct investment as well as domestic Chinese companies on outbound investment and doing business abroad, especially in the United States. He has substantial experience in international intellectual property, cross-border M&A and customs. Mr. Hong also manages commercial arbitration and litigation on behalf of Chinese clients.
Baker & McKenzie is advising THL A21 Limited, a wholly-owned subsidiary of Tencent Holdings Limited (“Tencent”), China’s biggest internet group, as transaction counsel on its acquisition of a 36.5 per cent stake in Sogou Inc. (“Sogou”), one of the leading search and internet services provider in China. Sogou’s parent, Nasdaq-listed Sohu.com Inc., (“Sohu”) will remain the controlling shareholder and Sogou will continue to be an independent subsidiary. President Martin Lau and Tencent’s Chief Operating Officer Mark Ren, will join Sogou’s Board of Directors.
Mayer Brown JSM today announced that Betty Tam will join the firm as a partner in Shanghai. Earlier this month, Guoqing Li joined the firm as a consultant in Beijing.
Anderson Mori & Tomotsune is pleased to announce that we opened our Shanghai Office on September 1, 2013 with the approval of the Ministry of Justice of China.
Ashurst has advised Sichuan Tianqi Lithium Industries Inc (Tianqi Lithium) in relation to its RMB¥3.68bn (A$646 million) acquisition of a 65% interest in Talison Lithium Limited.
McKenna Long & Aldridge LLP (MLA) announces that it is in the process of applying with the Department of Justice of the People’s Republic of China to open a Shanghai office. The Shanghai office, which will expand the Firm’s geographic reach to 16 offices in 14 markets, will mark MLA’s second in Asia following the March 2013 opening of the Seoul, South Korea office.
Squire Sanders acted as lead legal advisers on the acquisition by a UK/China consortium of the entire issued share capital of Covpress International Holdings. The deal was lead out of the firm’s Birmingham office and involved a team of over 20 Squire Sanders lawyers based across its Birmingham and Shanghai offices.
Foley announced today that Shao-Ying Mautner has joined the firm as a partner and chief representative of the firm’s Shanghai office. She is a member of Foley’s Transactional & Securities and China Practices.