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.
US firms Skadden Arps Meagher Slate & Flom and Latham & Watkins scored roles on Asia’s largest energy transaction, the $3.4bn (£1.74bn) acquisition of Mirant’s Philippine business by a consortium comprising power companies Marubeni and Tokyo Electric.
Skadden represented Mirant on the disposal, which sees the New York Stock Exchange-listed business sell its Mirant Asia Pacific unit, the most valuable component of which is Mirant Philippines, the biggest power supplier in the Philippines. DC-based M&A partner Mike Rogan and Sarah Ward in New York led the Skadden team.
Latham advised the consortium on the purchase. Latham’s team was fielded out of its Hong Kong, Singapore and US offices, with Hong Kong managing partner Joseph Bevash and Tokyo head of high tech Michael Yoshii leading the team.
Marubeni and Tokyo Electric will each take a 50 per cent stake in Mirant Asia Pacific. In the Philippines specifically, they plan to sell electricity to government-owned National Power Corporation.
Credit Suisse were financial advisers to Mirant, while Sumitomo Mitsui and ING Bank advised the consortium.