Latham & Watkins has advised Southeast Asian online realty company PropertyGuru on its planned $431 million New York listing via merger with blank-check firm Bridgetown 2, which was represented by Skadden, Arps, Slate, Meagher & Flom and Rajah & Tann Singapore.
The scandal-ridden state fund 1Malaysia Development (1MDB) has dropped its $1 billion civil lawsuit against its former law firm Wong & Partners and the head of its corporate practice, Brian Chia, over losses suffered by the fund, media reports said.
Skadden has advised Malaysian telecommunications conglomerate Axiata Group on the $15 billion merger of its mobile subsidiary Axiata with rival Digi.com, which was represented by Ashurst. Allen & Overy advised Digi’s parent company, Norway’s Telenor.
Shearn Delamore is representing Malaysia's government and state fund 1Malaysia Development Berhad (1MDB) in a lawsuit seeking over $5.6 billion in damages from KPMG partners for alleged breaches and negligence linked to a corruption scandal at the fund.
Wong & Partners, Baker McKenzie’s Malaysia member firm, is advising Italian insurer Assicurazioni Generali on multiple acquisitions in the Southeast Asian country totaling $312 million.
Christopher & Lee Ong (CLO), Rajah & Tann Asia’s Malaysia member firm, has named Shanti Geoffrey as the co-head of its white-collar crime and investigations practice. Geoffrey was previously running her own firm, Shanti G and Co.
Malaysian firm LAW Partnership, which specialises in IP and disputes, has strengthened its corporate offering after hiring Raphael Tay as the head of its corporate and commercial practice in Kuala Lumpur from Lee Hishammuddin Allen & Gledhill.
Rajah & Tann Asia’s Malaysia member firm, Christopher & Lee Ong (CLO), has hired Chua See Hua as a partner and co-head of its restructuring and insolvency team.
Malaysian law firm Skrine has hired Islamic finance lawyers Sharifah Shafika Alsagoff and Hafidah Aman Hashim as partners in Kuala Lumpur from Mohamed Ridza & Co.
As a pandemic year winds to a close, businesses in Asia are hopeful that 2021 will be a year of recovery and possibility. With a vaccine on the horizon and talk of borders reopening, the picture is remarkably brighter than it was just a few months ago.