On 18 January 2019, Hong Kong and China signed the Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and t pulCommercial Matters between the Courts of the Mainland and of the Hong Kong SAR.
This is a vital development for events negotiating dispute decision mechanisms and thinking about the choice of court provisions. The arrangement applies to civil judgments and covers both economic and non-monetary comfort. Judgment lenders will not want to commence sparkling proceedings in the implementing jurisdiction. The arrangement will take effect on a date to be announced.
Dechert boosts HK litigation
Dechert has these days brought to its international litigation organization with the rent of Maria Sit as a companion in its Hong Kong office. She is skilled in advising on regulatory investigations and enforcement as well as complex civil litigation and arbitration, and formerly served as an in-residence suggest at the Securities and Futures Commission of Hong Kong.
“Maria will be a key addition to our international disputes exercise allowing us to fulfill developing patron call for disputes offerings throughout Asia,” stated Dechert’s Hong Kong workplace head David Cho. “Her experience throughout complicated litigation, arbitration in addition to authorities enforcement and investigations enhances the company’s providing within the area,”
Take-private offer to Kang
Maples and Calder (Hong Kong) is appearing as Cayman Islands recommend to a customer consortium made out of Yunfeng Fund III, LP, Yunfeng Fund III Parallel Fund, LP, Taobao China Holding and Boyu Capital Fund III, LP, in reference to the take-non-public provide made to iKang Healthcare Group, a Cayman Islands enterprise indexed on NASDAQ.
Kang is one in every of the largest carriers in China’s private preventive healthcare space. The Maples team changed into led by means of partners Greg Knowles and Richard Spooner and assisted through partner Karen Zhang Pallaras. Davis Polk & Wardwell acted as the corporation’s US recommend and Simpson Thacher & Bartlett acted as US counsel to the special committee, whilst Wilson Sonsini Goodrich & Rosati acted as the US recommend for the customer consortium.
M&A exercise gains expert
Shearman & Sterling announce that Karl Pires joined the company as an M&A companion based totally in its Tokyo office. Pires’ practice focuses on representing Japanese businesses on strategic acquisitions and growing commercial enterprise ventures outdoor Japan. A 20-year veteran of pass-border M&A, Karl has sizeable revel in advising Japanese clients inside the strength, strength, commercial, automotive and era sectors.
Tanner takes on the consultant
Tanner De Witt introduced the appointment of Kevin Bowers as a representative in the firm’s litigation and dispute decision practice.
Bowers has practiced as an industrial disputes legal professional and an accomplice with three leading impartial Hong Kong law corporations inside the past two decades. He specializes in business, insurance, and employment litigation and dispute decision each in Hong Kong and internationally.