By Lucy Hughes Unless excepted, exempt or previously approved, the giving of any form of state aid is illegal. State aid is the provision of an economic advantage from public resources to a selected undertaking (or group of undertakings) operating in a commercial market that has the potential to distort competition and affect trade between […]
Debevoise & Plimption has published its FCPA Update for January 2013. The lead article concerns anti-corruption compliance in 2013, focusing on trends and signals for the future. Subsequent sections Overview of corporate and individual enforcement actions in 2013 Key observations relating to 2013 enforcement actions Major corporate resolutions of 2013 Declinations Individual resolutions of 2013 […]
The New York Stock Exchange (NYSE) has updated its Section 303A written affirmation form to reflect the recent modifications to the NYSE listing standards for compensation committees of equity issuers. The new affirmation form must be used by listed companies with annual meetings held after 15 January 2014 and is available on the NYSE’s website. […]
On 17 January 2014, the Asset Management Association of China (AMAC) announced a provisional regulation requiring the registration of domestic Chinese private equity fund managers and filings by domestic Chinese private equity funds with AMAC. Although the regulation does not explicitly resolve this issue, it would appear that managers and funds formed under Chinese law […]
The Eversheds Africa Law Institute (EALI), an organisation designed to share best practices and promote the highest standards of legal service across Africa, has welcomed five new member law firms at the inaugural EALI Summit in Paris, France. The new firms — Advocats HK in Benin, Avocats Comores in Comoros, Nbendera and Nkhono in Malawi, K […]
The Premier League is targeting pubs showing foreign broadcasts of Premier League matches. Neil Mohring, partner at Eversheds, believes that increased targeting and more accessible official packages should deter pubs from illegally showing foreign broadcasts. Mohring said: ‘The Premier League’s targeting of pubs illegally showing foreign broadcasts of Premier League matches is a natural consequence […]
Conyers Dill & Pearman has advised China Conch Venture Holdings in connection with its listing on the Main Board of the Hong Kong Stock Exchange (SEHK) by way of Hong Kong public offering and international offering. Anna Chong of Conyers’ Hong Kong office advised on the matter, working alongside Chiu & Partners, Latham & Watkins, […]
Conyers Dill & Pearman has provided Cayman Islands legal advice to Autohome in connection with an initial public offering (IPO) in the US of 8,993,000 Class A ordinary shares (par value $0.01 per share of the company) in the form of American depositary shares as described in the prospectus. Anna Chong of the law firm’s […]
Conyers Dill & Pearman has provided Cayman Islands and British Virgin Islands (BVI) legal advice to China Water Property Group and its subsidiaries in connection with the issuance by the company of 12.5 per cent senior notes due 2016. The senior notes have an an aggregate principal amount of up to HKD350m (£27m) with inter […]
Conyers Dill & Pearman has provided Cayman Islands legal advice to Bitauto Holdings in connection with a secondary offering in the US of 2,749,200 ordinary shares (par value of $0.00004 per share of the company) in the form of American depositary shares as described in the prospectus. Anna Chong of Conyers’ Hong Kong office advised […]
By David Ryan and Lyndon Masters The results are in — 2013 was another tough year for the Australian mergers and acquisitions (M&A) market overall. However, despite a sluggish first half of 2013, we saw increased M&A activity in the second half of the year (with three of the biggest M&A deals of the year commencing […]
DLA Piper has announced the appointments of Mark Fairbairn and Ashley Bell to the firm’s restructuring group from O’Melveny & Myers. Fairbairn takes on the role of head of restructuring for Asia and is based in Hong Kong. He focuses on distressed and alternative investments, financial restructurings (including ‘loan to own’ transactions and rescue finance) and […]