Singapore extends third-party funding to domestic arbitrations

BY Elizabeth Beattie |

Singapore’s Ministry of Law has announced it will extend its third-party funding framework as the city-state continues its push to stand out as a leading arbitration hub.

Mayer Brown adds oil with HK hire from Baker Botts

BY Asian Legal Business |

Mayer Brown has welcomed back oil and gas specialist Joanne Du as a partner in Hong Kong from Baker Botts.

India’s Khaitan acquires southern boutique Assentio

BY Asian Legal Business |

Indian law firm Khaitan & Co has acquired boutique Assentio Legal, which has offices in the southern cities of Chennai and Bengaluru.

Singapore’s WongP launches sustainability practice

BY Asian Legal Business |

Singapore Big Four law firm WongPartnership has launched a sustainability and responsible business practice. The practice will be jointly headed by partners Quak Fi Ling and Tiong Teck Wee.

Malaysia: Wong & Partners advising Italy’s Generali on $310 mln of acquisitions

BY Asian Legal Business |

​​​​​​​Wong & Partners, Baker McKenzie’s Malaysia member firm, is advising Italian insurer Generali on multiple acquisitions in the Southeast Asian country, including its plans to buy a 70 percent stake in AXA Affin Life Insurance and a 53 percent stake in AXA Affin General Insurance.

Cleary, AHP advising Garuda Indonesia on strategy following default

BY Reuters |

Cleary Gottlieb Steen & Hamilton and Assegaf Hamzah & Partners are advising airline Garuda Indonesia on its strategy after the flag carrier said it could not distribute coupon payments for its $500 million sukuk following a 14-day grace period.

Workplace Mental Health: A Priority for Legal Leaders

BY Jeffery Tan |

Even before COVID-19, workplaces have been changing rapidly. Organisations have increasingly been required to deal with mental health challenges such as stress, burnout, and executive loneliness. With the economic pressures and accompanying health and safety issues of COVID-19, leaders are increasingly required to think about mental health strategically as it affects the core of the organisation’s talent resource over the mid and long term.

Walmart’s Flipkart, Amazon challenge India court order on antitrust probe

BY Reuters |

Walmart Inc’s Flipkart and Inc have filed legal challenges against the resumption of an antitrust investigation into their business practices, according to sources and a legal filing viewed by Reuters.

Davis Polk, HSF lead on CARsgen’s planned $400 mln HK IPO

BY Charlie Wu 吴卓言 |

Davis Polk & Wardwell and Global Law Office are advising medical research firm CARsgen Therapeutics on its planned IPO in Hong Kong, with Herbert Smith Freehills and Zhong Lun Law Firm advising the joint underwriters. The IPO is expected to raise up to $400 million.

Wilson Sonsini, CC lead on orthodontics company’s $375 mln HK IPO

BY Kristen Liu 刘诗宇 |

Wilson Sonsini Goodrich & Rosati and Han Kun Law Offices have advised Chinese dental brace maker Angelalign Technology on its $375 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and Tian Yuan Law Firm advising the joint underwriters.

Davis Polk, Sidley lead on dairy company Youran’s planned $643 mln HK IPO

BY Kristen Liu 刘诗宇 |

Davis Polk & Wardwell and Tian Yuan Law Firm are advising China’s Youran Dairy on its planned IPO in Hong Kong, with Sidley Austin and Dentons advising the joint underwriters.

Another exit for L&L as insolvency partner heads to AZB

BY Asian Legal Business |

AZB & Partners has hired restructuring and insolvency specialist Avinash Subramanian as a partner in Mumbai from L&L Partners, where he spent the entirety of his legal career.