Citi law firm news

In an Employment Update last year, we reported on the criminal proceedings that were brought against 7 former employees of Citibank in January 2008.

Tightening credit policies on Mainland China have driven strong growth in debt capital raisings in Hong Kong – with some lawyers predicting a bumper year for bond issues for the North Asian market.

A summary of the latest deals and legal advisor information collected by ALB this week.

Amarchand & Mangaldas, Khaitan & Co and Jones Day have advised in a US$100m private placement of equity shares in a qualified institutional placement offering by Mahindra & Mahindra Financial Services, one of India’s leading non-banking finance companies.

The rivalry heats up amongst Tokyo-based international firms at the night of nights for Japan’s legal fraternity – the ALB Japan Law Awards 2011.

Ashurst, Amarchand, Luthra & Luthra and DLA Piper have acted on the US$3.4bn IPO of Coal India, India’s largest IPO to date.

China’s second-largest wind turbine maker Xingjiang Goldwind Science & Technology has raised US$1.05bn in its second listing attempt on the Hong Kong Stock Exchange – after earlier plans to list in June were shelved due to poor market conditions.

新疆金风科技近日在香港联合交易所挂牌上市。新疆金风由新疆天阳律师事务所担任法律顾问而承销商则由富而德和竞天公诚律师事务所提供法律咨询。

Clifford Chance has been retained as issuer’s counsel in a breakthrough global notes issue from state-run utility, Dubai Electricity & Water Authority (DEWA); in the company’s largest dollar-denominated bond sale yet.

The first-ever listing of a Mongolian company on the Hong Kong Stock Exchange(HKSE) – also ranked as the second highest non-domestic, non-Chinese company listing in Hong Kong, after UC Rusal's US$2.2 billion IPO in January – has paved the way for an infrastructure and mining boom in Mongolia as international investments pour into the country’s natural resources sector.

King & Wood, Freshfields and Debevoise are representing AIA in its highly anticipated Hong Kong IPO. As the issuer has businesses and operations in 15 markets in the region, a large number of local firms in these jurisdictions have also been engaged for legal support.

美国国际集团(AIG)旗下友邦保险近日正式启动备受关注的公开招股，将于29日挂牌，计划集资约200亿美元。除金杜、富而德以及德普三家大所任发行人律师外，还有多家亚洲律所也为此上市项目提供过了法律意见和服务。

Blake Dawson will again be representing the Australia and New Zealand Banking Group (ANZ) when it goes to court to challenge a class action being run by Maurice Blackburn.

Class action lawyers Maurice Blackburn will today file with the Federal Court the first of a series of class actions on bank fees.

PT Indosat Tbk – one of Indonesia’s largest mobile phone companies – has retained Assegaf Hamzah & Partners and Sidley Austin as the issuer’s Indonesian and lead counsels respectively on the US$650m high yield bond offer.

Jincheng Tongda & Neal recently advised on Camelot’s NYSE US$150m IPO and American depositary shares offering, marking the largest US IPO from a PRC company seen in 2010.

北京柯莱特信息系统有限公司近日在纽约首次公开发售1.5亿美元美国存托股，是中国公司2010年目前完成的最大的美股发行交易。

Magic Circle duo Clifford Chance and Allen & Overy have advised the United Arab of Emirates's largest bank by asset – Emirates NBD (ENBD) – on the first every securitisation of auto loan receivables in the Middle East, the first securitisation by ENBD, as well as the first public securitisation in the UAE in the last two years.

Japanese firm Nagashima Ohno & Tsunematsu, international firm Davis Polk and the Tokyo office of Simpson Thacher & Bartlett have all landed mandates on the US$2bn Singapore offering of senior bonds by Japan's second largest bank, Sumitomo Mitsui Banking Corporation (SMBC).

Lovells has entered into its first alliance since its 1 May merger after sealing an entente with Mongolian firm GTs Advocates.