Clifford Chance advises Banco Santander on its €470 million investment in Bank of Shanghai

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.

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Attorney Robert M. Oberlies Joins Fredrikson & Byron

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.

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Dorsey Adds Experienced Corporate Partner Frank S. Hong to Its Shanghai Office

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.

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Baker & McKenzie Advises Tencent on its Acquisition of a 36.5% Stake in Sogou for US$448 Million

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.

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McKenna Long & Aldridge in Process of Expanding Asia Presence with Planned Opening of China Office

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.

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Squire Sanders Advises on Landmark China Automotive Investment in UK

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.

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