Other News Aussie law firm W+K to open in SG with Kennedys hires Sydney-headquartered insurance and risk-focused law firm Wotton + Kearney (W+K) is set to open an office in Singapore in June after hiring Kennedys partners Ben Nicholson and Tom Morrison. 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). Korea’s Shim & Kim adds BKL arbitration practice head South Korean Big Six firm Shin & Kim has bolstered its international arbitration bench with the addition of Brandon (Hyung-Sik) Bang, who previously co-headed the practice at Bae, Kim & 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 SG: Another McDermott energy partner joins WFW Watson Farley & Williams has hired a second energy partner in Singapore from U.S. law firm McDermott, Will & Emery in the form of Clarinda Tjia-Dharmadi. A conversation with Cavinder Bull, SC, one of ALB's Top 15 Southeast Asia Litigators 2024 [Brought to you by Drew & Napier] The legal industry in Southeast Asia is highly competitive with a great number of talented individuals. ALB speaks with Cavinder Bull, SC, who was ranked as one of the 2024 ALB Top 15 Southeast Asia Litigators. The list features exceptional lawyers from seven different countries, highlighting the impressive talent pool in the region. PRC’s Guantao, Hong Kong law firm Gallant in association The Hong Kong office of PRC law firm Guantao has entered into an association with local firm Gallant with the aim to better service clients when it comes to cross-border legal work, specially in relation to the Greater Bay Area. East & Concord HK firm makes M&A hire from Akin Beijing Yang & Yang Solicitors, PRC law firm East & Concord Partners’ Hong Kong association firm, has added M&A expert Dennis Yeung as a partner from the Beijing office of Akin Gump Strauss Hauer & Feld, which closed recently. Korea’s Jipyong pens partnership with Kenyan law firm South Korean law firm Jipyong has entered into a partnership with Kenya’s G&A that aims to assist investors from the North Asian country looking to enter Africa. US law firm Weil exits Beijing, 'in discussions' for Shanghai closure Weil, Gotshal & Manges has become the latest U.S. law firm to retreat from the Chinese market, saying Wednesday it is moving towards ending its presence on the mainland. Offshore firm Campbells makes HK finance hire from rival Mourant Caymans-headquartered law firm Campbells has hired banking and finance expert Paul Trewartha as a partner in Hong Kong from rival offshore firm Mourant. SG boutique Luo Ling Ling adds matrimonial disputes expert Singapore-based disputes boutique Luo Ling Ling has added a fifth attorney to its team, with family and matrimonial disputes specialist Aileen Oh joining as director. CLICK HERE TO READ MORE NEWS ON THE ALB WEBSITE |