Other News Yulchon raids Yoon & Yang for four-partner M&A team South Korean Big Six firm Yulchon has continued its recent expansion by poaching four seasoned M&A partners from Yoon & Yang. The quartet includes Sung-Jin Kim, the former head of the M&A practice at Yoon & Yang, along with Kayoung Kim, Hyerim Kang, and Junghwan Lee. ALB Super 50 Dispute Lawyers 2024 In its July 2024 issue, ALB is spotlighting the Super 50 Disputes Lawyers in Asia. SURVEY LINK HERE Deadline: April 26, 2024 CAM hires Anand and Anand IP pro in Delhi Indian law firm Cyril Amarchand Mangaldas has hired a second intellectual property partner from IP firm Anand and Anand in six months with the addition of Revanta Mathur in Delhi. IPO landscape: The lure of tax benefits to the companies [Brought to You by Lakshmikumaran & Sridharan] The year 2023 has been a special year for Initial Public Offerings (IPO) in India as activity slowed in other major markets across the globe. India has seen a surge in IPOs, as more and more companies including starts ups are raising capital from the primary market. A company may choose to structure the IPO as (i) a fresh issue, (ii) an Offer for Sale (OFS), in which existing shareholders sell a portion of their existing shareholding in the company to the public, or (iii) a combination of a fresh issue and an OFS. OFS offers an exit for early investors in the company. Also, generally post the IPO, the employees also get an opportunity to liquidate the shares allotted to them by the companies against the Employee Stock Option Plans (ESOP). Former Embassy Group GC joins CAM in Mumbai Top Indian law firm Cyril Amarchand Mangaldas has announced a second partner hire in two days, with the addition of real estate pro Siddharth Vedula to its general corporate practice in Mumbai. ALB Rising Stars Singapore 2024 We are now accepting submissions for ALB’s Rising Stars Singapore list, which will be published in the July 2024 issue of ALB Asia. DOWNLOAD FORM HERE Deadline: April 26, 2024 AZB hires NDA employment head, Poovayya disputes partner Indian law firm AZB & Partners has made its first partner hires of the year with Vikram Shroff, former head of the employment and labour practice at Nishith Desai Associates, joining in Mumbai, and disputes partner Mrinal Shankar joining from Poovayya & Co in Bengaluru. HK: GPS co-founder exits to launch new disputes-focused firm Philip Georgiou, an international arbitration and litigation expert who co-founded Hong Kong law firm Georgiou Payne Stewien (GPS Legal), has left to launch his own firm, Georgiou Partnership. Dentons adds finance and funds partner from Gallant in HK Global law firm Dentons has expanded its debt finance and investment funds capabilities with the addition of Charles Yim as a partner in Hong Kong. Yim was previously a partner at local firm Gallant. AZB, Khaitan, SAM guide Sterlite-GIC $1 bln power JV Indian law firms AZB & Partners and Khaitan & Co have advised energy company Sterlite Power and Shardul Amarchand Mangaldas has represented Singapore sovereign wealth fund GIC on the creation of their joint venture to build a power transmission platform in India. CRS continues SG expansion by adding four-strong tax team Private client specialist Charles Russell Speechlys (CRS) has bolstered its international tax capacity in Asia by adding a four-lawyer tax team from U.S. firm Butler Snow, led by partners Kurt Rademacher and Ivan Lu, to its recently launched Singapore office. HK: Corporate lawyer returns to Wilkinson as partner Hong Kong law firm Wilkinson & Grist has welcomed back corporate expert Hulka Lo as a partner from U.S. firm Paul Hastings. Thailand’s PM 2.5 Crisis and Path to Clean Air [Brought to you by Chandler MHM] Amidst the pressing air quality crisis, particularly the serious and widespread repercussions of PM2.5 throughout Thailand, the Thai government, in col-laboration with various stakeholders including academics and civil society organizations, is actively and diligently working towards the enactment of the proposed Clean Air Act (“Bill”) which aims to systematically reduce pollution and mitigate its effects. The following is a summary of the current draft provisions which are open to further refine-ment based on input and feedback from relevant stakeholders. Cleary, A&G advise Japan’s Mitsui on $360 mln Ecuador shrimp deal U.S. law firm Cleary Gottlieb Steen & Hamilton, Singapore’s Allen & Gledhill and two Ecuadorian firms have advised Japanese trading house Mitsui & Co on its $360 million investment in an Ecuadoran shrimp farming company. Malaysia’s Zul Rafique expands disputes offering with RDS partner Malaysian law firm Zul Rafique & Partners has bolstered its dispute resolution capabilities with the addition of disputes partner Nur Syafinaz Vani from rival Rosli Dahlan Saravana Partnership (RDS). CLICK HERE TO READ MORE NEWS ON THE ALB WEBSITE |