The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Linklaters has worked alongside Malaysian firm Rahmat Lim & Partners to provide advice on Abu Dhabi-based Aabar Investments PJS’s $1.9bn (£1.19bn) acquisition of a 24.9 per cent stake in Malaysia’s RHB Capital.
Linklaters Abu Dhabi partner Nick Garland and his team advised seller Abu Dhabi Commercial Bank (ADCB).
Singapore-based Allen & Gledhill’s Malaysian associate firm Rahmat Lim, led by partners Lim Teong Sit and Chia Chee Hoong, gave Malaysia law advice to ADCB.
Wong & Partners, Baker & McKenzie’s Malaysian member firm, acted for Aabar, with Kuala Lumpur corporate partner Brian Chia leading the firm’s team on the transaction.
RHB Capital, the public-listed holding company of RHB Banking Group, was advised by its in-house team, led by group legal affairs and compliance head Fazlina Mohamme Ghazalli in Kuala Lumpur.
The deal ranks in the top three largest M&A deals in Malaysia this year.
RHB Banking Group is the fifth-largest fully integrated financial products and services group in Malaysia and is in talks with OSK Investment Bank Berhad regarding a possible merger. An application has recently been submitted to Bank Negara Malaysia, the national bank of Malaysia, for approval to commence negotiations.
“Aabar’s investment into RHB bodes well for the financial services sector in Malaysia and poises the group to penetrate deeper into the market,” said Chia.
We believe that this investment was strategic in preparing the group for the current merger talks with OSK.”