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Singapore’s anti-trust body proposed fines on ride-hailing firms Grab and Uber, provisionally finding that their merger had reduced competition and suggesting remedies such as the sale of their car-leasing businesses.
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Gibson, Dunn & Crutcher has represented Toyota Motor on its agreement to buy a $1 billion stake in Southeast Asia’s Grab, which was counselled by Hughes Hubbard & Reed.
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U.S. law firm Hughes Hubbard has advised Singapore’s Grab, the dominant ride-hailing service in Southeast Asia, on its acquisition of Uber Technologies’ business in the region.
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Sheppard, Mullin, Richter & Hampton and New York-based Hughes Hubbard & Reed have advised ride-hailing company Grab on a $2 billion investment from Chinese peer Didi Chuxing and Japan’s SoftBank Group, which turned to Paul, Weiss, Rifkind, Wharton & Garrison and Herbert Smith Freehills, respectively, for counsel.