The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Cleary Gottlieb Steen & Hamilton will represent Bank of America after it was given the all-clear to increase its stake in China Construction Bank (CCB) to almost 20 per cent ahead of the Chinese bank's IPO.
The US firm received the instruction from Bank of America when it purchased a $2.5bn (£1.42bn) stake in CCB in August.
Since then, the Bank of America has been invited to increase its stake from the initial 9 per cent holding to 19.9 per cent - the maximum allowed for a single foreign investor in a Chinese bank.
The IPO is expected to be the world's biggest this year. It aims to raise between HK$50.3bn (£3.69bn) and HK$63.6bn (£4.66bn).
CCB has sought counsel from Herbert Smith in Hong Kong, Skadden Arps Slate Meagher & Flom in the US and from Beijing-based Commerce & Finance Law Offices on Chinese law.