26 MARCH 2020 Top 10 Headlines | HU YANGXIAOXIAO 胡阳潇潇 U.S. law firm Orrick, Herrington & Sutcliffe is set to close its office in Hong Kong, with operations scheduled to be wound down by August 31, 2020.
Orrick tells ALB that the decision had been made a while ago, but the announcement was delayed because of the COVID-19 outbreak. The firm's Hong Kong lease expires in June, and Orrick will secure temporary space to support its team and clients until the end of August. Read More | | | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
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| Law firm revenue will take a hit and layoffs are likely on the horizon, as demand for certain legal work drops and clients take longer to pay bills as a result of the Coronavirus pandemic, industry consultants said. Full Article |
| Davis Polk & Wardwell has advised Hong Kong-listed global sourcing and logistics group Li & Fung Ltd on its $931 million proposed privatisation by Golden Lincoln Holdings Limited, which was represented by Kirkland & Ellis. Full Article |
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| In another annual list, ALB picks the best lawyers working for offshore law firms in Asia. These lawyers are selected based on client feedback. Full Article |
| Disputes lawyer Kevin Bowers, a co-founder of the legacy Howse Williams Bowers and former partner of Reed Smith Richards Butler, will be setting up his own firm in Hong Kong called Bowers. Full Article |
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| COVID-19 could be the black swan that has devastating effects on the global economy. Concerns over the impact of the virus have caused significant volatility in the stock markets over the last few weeks and the potential scale of the impact across a very wide range of industries is just beginning to be realised. Full Article |
| Cyril Amarchand Mangaldas has represented Japan’s Mitsui Sumitomo Insurance Company (MSI), on its 4,200 crore-rupee ($592 million) acquisition of a stake in Max Financial Services (MFS). AZB & Partners advised MFS and Max Life Insurance Company (MLIC). Full Article |
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| Tang & Co. and Helmsman LLC are founded by two shipping and commodity trading law specialists. Although presently based in Singapore and Hong Kong, the firm is international in terms of clients and work. Full Article |
| A&O on State Grid of China’s $1 bln deal, Davis Polk on Li & Fung’s $926 mln proposed privatisation, and many more in this week’s Asia Deals table. Full Article |
| King & Wood boosts M&A Practice with MoFo hire, Ashok Dhingra elevates customs head to MP, and many more in this week’s Asia Appointments table. Full Article |
| Three-partner Delhi law firm Ashok Dhingra Associates has appointed partner Sonia Gupta as its next managing partner. She succeeds Ashok Dhingra. Full Article |
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