Legal news in brief – February 2022

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TOSHIBA SELLS ENERGY ARM

Simmons & Simmons advised Toshiba Energy Systems & Solutions Corporation, a wholly owned subsidiary of Toshiba Corporation, in connection with the sale of the entire stake of Toshiba Transmission & Distribution Europe (TTDE) to a private equity holding company Munich-listed Mutares SE & Co The transaction involved more than 10 jurisdictions and closed on February 21, 2022, assisted by the Simmons & Simmons team in Tokyo, Milan and Paris. The team advised Toshiba on the sale of a major subsidiary in Italy with operations in North Africa and Eastern Europe.

DENTONS HELPS VICTORIA JV

Dentons advised Victoria’s Secret & Co, the retailer and owner of Victoria’s Secret and Pink stores, in connection with a joint venture with a Hong Kong-listed lingerie manufacturer, Regina Miracle International (Holdings).

Worth $100 million, the joint venture will operate all Victoria’s Secret stores and related online businesses in China. The Dentons team included lawyers from the United States, China, Hong Kong, Cayman Islands, British Virgin Islands and Germany on franchising, corporate structuring, tax aspects and issues. of intellectual property.

BAKER IN THAI POWER BUY

Baker McKenzie advised Univenture BGP, a joint venture between Thai real estate company Univentures and energy developer B.Grimm Power, in its 11.33 billion baht ($351.5 million) acquisition of power plant operator Eastern Cogeneration Company (E-Cogen). Baker’s team in Bangkok advised Univenture BGP on various aspects of the acquisition, covering joint venture formation, mergers and acquisitions, acquisition financing and land rights. The team was led by Sumet Orsirivikorn, corporate and M&A partner.

SIDLEY ADVISES TO MOVE KKR TECH

Sidley Austin represented global investment firm KKR as lead investor in the $180 million Series F financing round of Livspace, an interior design and renovation platform serving homeowners in India, in Malaysia and Singapore. Sidley Austin also represented KKR in its $45 million investment to lead a Series C funding round of GrowSari, a B2B e-commerce platform serving micro, small and medium enterprises in the Philippines. The funding round transformed Livspace into a unicorn company valued at over $1 billion.

NISHIMURA HIRING EX-TAXES

Nishimura & Asahi has hired Tetsuo Kabe, a former commissioner of the National Tax Agency and a senior government finance official, as a lawyer in Tokyo. Previously, Kabe held various positions in the government, including Counselor of the Japanese Embassy in the United States and Director General of the Financial Office.

SKADDEN GREEN BOND CASE

Skadden advised JP Morgan, Crédit Agricole Corporate and Investment Bank, Daiwa Capital Markets Europe and Morgan Stanley as underwriters in connection with the offering of $500 million 1.625% government guaranteed bonds due January 20, 2027 by the Japan Bank of International Co-operation, Japan’s first bank the issuance of government guaranteed green bonds by any issuer. The Notes were listed on the Luxembourg Stock Exchange. The Skadden team in Tokyo was led by partner Kenji Taneda with Asia-Pacific advisors Ken Kiyota and Louis Artime.

HK’S DIGITAL BANKING FIRST

Mayer Brown represented Hong Kong-listed alternative investment financial services firm Sun Hung Kai in its $90 million Series B investment in Sygnum Bank, the world’s first digital asset bank with a Swiss banking license and an asset management license in Singapore. Mayer Brown was led by Hong Kong Corporate and Securities Partner Mark Uhrynuk and London-based IP and IT Group Partner Oliver Yaros.

SIMMONS GETS NEW HEAD OF HK

Simmons & Simmons has appointed its capital markets group partner, Eva Chan, as head of the Hong Kong office, effective January 1, 2022. Chan succeeded Fiona Loughrey, who had been the head of the office for a few years. She joined the firm in 2005 and has over 18 years of experience advising global asset managers and financial institutions on a wide range of investment fund matters.

KWM LAUNCHES A BRANCH

King & Wood Mallesons opened an office in Hengqin Island Special Economic Zone in Zhuhai in December 2021, its 30th office worldwide and 15th in China. The office is led by a team of consultants and lawyers, and led by partners Zhao Xiaohong, Liu Xinyu, Zeng Jian, Liang Yanling and Hu Guangjian.

DYING HIRES A PLEA FROM HK

Offshore law firm Mourant has appointed trial attorney Michael Popkin as a partner in its Hong Kong office. He recently served as an attorney at another offshore law firm, Campbells, in Hong Kong for over four years. Popkin has 25 years of experience advising international clients on disputes arising from a wide range of commercial and investment disputes in Asia, Australia and other major offshore jurisdictions. Previously, he spent nearly 10 years working at Siam Premier International as a foreign legal consultant in Bangkok, and DFDL in Phnom Penh as an associate.

HK KARAS GETS DISPUTE TEAM

Hong Kong law firm Karas, in association with Mishcon de Reya, has hired dispute resolution lawyer Kevin So as a partner. He joined his team from Hong Kong firm Howse Williams, where So was a partner for more than two years.

The same goes for a litigator experienced in a wide range of private and commercial litigation, including trust or inheritance litigation, shareholder litigation, debt and insolvency matters, as well as regulatory investigations. He joined his team of senior partners Geoffrey Lai and Veronica So, and partners Jamie Chan and Tricia Yu.

GIBSON STRENGTHENS REGULATIONS

Gibson Dunn & Crutcher has hired Grace Chong as an advisor to lead its global financial regulation practice in Singapore. Chong joined Simmons & Simmons, where she served as a lawyer in Singapore for over two years.

Chong’s practice focuses on assisting a range of financial institutions, including investment banks, asset managers and virtual asset providers, with their most complex regulatory issues. She is also a board member of the Singapore Association of Cryptocurrency Enterprises and Startups and sits on the Asean Advisory Board of the Global Association of Women in Payments.

PDLEGAL DEVELOPS THE PRACTICE IN CHINA

Singaporean law firm PDLegal has hired Cathryn Neo as an associate in its international and China arbitration practices. She joined Ashurst ADTLaw, Ashurst’s formal legal alliance in Singapore, where she was a senior partner for a year.

Neo is an Accredited Mediator with the Singapore Mediation Center and has handled high value commercial disputes under numerous arbitration rules in the financial, energy and construction sectors.

PWC CORPORATE JOINS NORTON

Norton Rose Fulbright has hired corporate lawyer Keith McGuire as a consultant in Singapore. McGuire was a partner at Pricewaterhouse Coopers Legal in Singapore for over four years.

With over 30 years of experience in cross-border mergers and acquisitions with a strong focus on the energy and infrastructure sectors in Asia-Pacific, McGuire has been based in Asia since 1991. He was a partner at Allen & Overy in Singapore and London for 12 years. and partner at Ashurst in Singapore for six years.

WHITE & CASE BOOSTER PROJECT

White & Case has strengthened its global project development and finance practice with the hiring of partner Joanne Emerson Taqi in Sydney. Taqi joins Norton Rose Fulbright, where she was a partner for nearly 11 years in Sydney. Taqi is a project development lawyer with over 20 years of experience advising on a wide range of construction agreements and projects in the infrastructure, utilities and real estate sectors in the Middle East, in Australia and Asia-Pacific, with particular expertise in waste and water. infrastructure projects.

DFDL HIRING BGK MANAGER

DFDL has appointed Jaya Kumar as Regional Practice Group Leader in Bangkok. She was most recently Associate Managing Director of the Indian law firm J Sagar Associates in Mumbai. tax practice.

LAWYER BACK IN SHEARMAN

Shearman & Sterling has rehired Wanda Woo as its capital markets partner in Hong Kong. Previously, she was a partner at the firm from 2011 to 2018. She joined Wilson Sonsini Goodrich & Rosati, where she was a partner for almost three years. She advises on capital markets transactions, including IPOs, equity offerings, rights and debenture offerings and compliance matters.

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