Jones Day has launched it’s Mexico office today, merging with the firm De Ovando y Martínez del Campo, S.C. This new office, led by partner-in-charge, Ferdnando de Ovando, will focus on the following: banking, finance, real estate, capital markets, as well as international merger and acquisitions. With this new addition, Jones Day now has 31 international offices, and its first located in Latin America.
Source: www.crainscleveland.com
Tags: Jones Day LLP
Two bankruptcy partners departed from Cadwalader Wickersham & Taft and have both joined Greenberg Traurig in the firm’s New York office. Bruce Zirinsky, previously Cadwalader’s co-chair of restructuring, left the firm just before he would have been given a spot on the management committee. Zirinsky joins with John Bae, also a bankruptcy partner.
Source: www.thelawyer.com
Tags: Cadwalader, Wickersham & Taft, LLP | New YorkGovernment/Business
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One cannot escape the consequences of a suffering economy. Although it was birthed in the United States, it has soon become a global problem. Law firms can attestify that changes had to be made to endure these difficult times. Practice areas, such as private equity and real estate have slowed down immensely. But the economy slump has not hit every practice area, nor market equally. Litigation has been doing well. Also, firms with Moscow offices, have reported that they are still very busy in Russia. But the luckiest are the New York firms that are working on the bank bailouts. Even in times like these, legal work continues and at times is even created by the downturn iteself.
Source: www.amlawydaily.typepad.com
Tags: Moscow
Robert here, writing from sunny Sunny Isles Beach, Florida, where my wife and I call home when I am not traveling in Asia and the Middle East. After being abroad 10 of 12 weeks, it is nice to be here.
I would like to take this opportunity to briefly introduce our readers to a recent and important development in the China M&A market. In the midst of all the doom and gloom in Asia, with the global downturn most definitely reaching the Asia shores in the past few months, there has been a very positive development in China M&A regulations, a development that could dramatically increase M&A activity in the not too distant future.
Although M&A activity in China has seen a big surge over the past decade, government regulations have prevented M&A numbers in China from reaching the full potential in the market. However, on Dec. 6, the China Banking Regulatory Commission (CBRC) took steps to correct some significant limitations, by issuing the Guidelines on Risk Management of Acquisition Loans of Commercial Banks. These allow for the first time commercial banks incorporated under PRC law to make loans to companies for the purpose of M&A transactions, including equity and assets of target companies. This potentially opens the door to leveraged buyouts in China. These new guidelines, in large part, reverses the General Principles of Loans, put into effect in 1996, which forbid onshore banks to provide loans for purposes of a borrower’s equity investments in acquisition transactions.
Robert here, writing from sunny Sunny Isles Beach, Florida, where my wife and I call home when I am not traveling in Asia and the Middle East. After being abroad 10 of 12 weeks, it is nice to be here.
I would like to take this opportunity to briefly introduce our readers to a recent and important development in the China M&A market. In the midst of all the doom and gloom in Asia, with the global downturn most definitely reaching the Asia shores in the past few months, there has been a very positive development in China M&A regulations, a development that could dramatically increase M&A activity in the not too distant future.
Although M&A activity in China has seen a big surge over the past decade, government regulations have prevented M&A numbers in China from reaching the full potential in the market. However, on Dec. 6, the China Banking Regulatory Commission (CBRC) took steps to correct some significant limitations, by issuing the Guidelines on Risk Management of Acquisition Loans of Commercial Banks. These allow for the first time commercial banks incorporated under PRC law to make loans to companies for the purpose of M&A transactions, including equity and assets of target companies. This potentially opens the door to leveraged buyouts in China. These new guidelines, in large part, reverses the General Principles of Loans, put into effect in 1996, which forbid onshore banks to provide loans for purposes of a borrower’s equity investments in acquisition transactions.
Tags: Asia | Hong KongBarlow Lyde & Gilbert has announced plans to an office in Sao Paulo later this year. This will be the firm’s first office outside of Asia and the UK and its sixth office. Aviation and insurance litigation partner Jeremy Shebson, currently based in London, will relocate to Sao Paulo once formally opened. The office will focus on aviation, but also on expanding its marine, energy, trade, insurance, and arbitration practices.
Source: www.legalweek.com
Tags: Sao Paulo
Steven Tyndall has joined law firm Baker Botts today, January 1, 2009. Tyndall has vast experience in the following: corporate law, sercurities and mergers and acquisitions. He joins Baker’s Austin office from Fish & Richardson, where he was partner.
Source: www.istockanaylst.com
Tags: Baker Botts LLP | Austin