Shin & Kim(世宗) law firm news

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.

oubled Korean automaker Ssangyong appears closer to finalising what has been an arduous restructuring process after Indian conglomerate Mahindra & Mahindra signed a deal to purchase a 70 % stake in the company for US$464m.

Ryoo Shee-yul has been appointed as the acting chairman of Korean banking giant Shinhan Financial group after the resignation of its previous chairman, Ra Eung-chan, at the weekend.

Following the hire of veteran attorney David Yang, Shin & Kim has launched a specialist team for the Latin American region – a first for Korean law firms.

Rajah & Tann, Stamford Law, King & Wood and Clifford Chance have acted on the first proposed takeover of a listed business trust in Singapore – a US$225m joint venture between Japan’s Mitsui & Co and Singapore Hyflux to develop a substantial water treatment business in Mainland China.

Korea’s Shin & Kim, India’s Khaitan & Co and two PRC law firms are the five best performing firms in this year’s ALB 50, the guide to the largest law firms in the Asia-Pacific region.

WongPartnership has recently received approval to launch its second China representative office, in Beijing.

新加坡王律师事务所成立北京代表处计划近日获批，将成为该所继上海后在中国设立的第二家代表处。

Korean law firms Lee & Ko and Shin & Kim have both been awarded advisory roles on the landmark privatisation of Woori Finance Holdings (WFH), the country’s largest bank, fending off eight other law firms including Kim & Chang, Bae Kim & Lee and Yulchon to win the mandate.

South Korea's Hanwha Chemicals has recently purchased a 50% stake in Solarfun Power Holdings or US$370m. The deal marks the latest attempt by Hanwha's parent, Hanwha Group, to raise its profile in China through acquisitions and public offerings.

Jincheng Tongda & Neal has recently entered into an alliance with Korean firm San Gyung Law Firm. The agreement is the part of the firm’s response to the increasing demand for legal service from the firm’s Korean clients.

金诚同达近期与韩国产经律师事务所签署了业务合作协议，希望通过这份协议提升该所在中韩法律服务领域中的竞争力。

Korean firm Hwang Mok Park has closed its Shanghai office less than a year after acquiring it through a merger with another law firm, citing the office as ‘unsustainable.’

The continuous intra-Asia deal flow in China have tempted Korean firm Shin & Kim to launch a second China office in Shanghai, four years after its debut in Beijing.

韩国世宗律师事务所近日在上海设立了其第二间中国代表处，从而成为在上海设有代表处的第四家韩国律所。

Korean firm Shin & Kim has opened another office in China four years after its debut in Beijing. In addition, the firm has merged with real estate firm Evergreen Law Group.

Korean law firms Shin & Kim and Kim & Chang as well as international players Cleary Gottlieb and Simpson Thacher have acted on the largest ever public offering by a Korean company: the US$4.4bn IPO of Samsung Life Insurance.

Korean law firm Shin & Kim has been appointed to advise on the sale of troubled automaker Ssangyong Motors.

ALB reports from Seoul on a legal services market that has recovered

As the industry enters the New Year with a renewed sense of optimism, ALB singles out ten firms that are set to have a bigger 2010 than most.