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UAE's Network International in $340 million deal to buy competitor

BY Reuters |

Dubai-based Network International has agreed to buy rival Emerging Markets Payments (EMP) from private equity firm Actis for what sources familiar with the matter said was $340 million.
WFW advises Wishbone Gold on its acquisition of PMI Group

BY Karuna Jainpalli |

Watson Farley & Williams (WFW) has advised the UK’s Wishbone Gold, an AIM-listed company on its acquisition of Precious Metals International (PMI) and its wholly-owned subsidiary Black Sand FZE, a licensed gold, precious metals and gem trading operator in the United Arab Emirates.
Kim & Chang’s South Korea dominance eroding: report

BY ALB |

Kim & Chang’s share of the South Korean legal market has dropped to below 50 percent for the first time ever, even though it posted more than 900 billion won ($728.7 milllion) last year, according to a report in the Maeil Business Newspaper.
Nishith Desai, JSA act on Reliance’s $710 mln sale of cement arm to Birla

BY Karuna Jainpalli, Reuters |

J. Sagar Associates has advised Reliance Infrastructure Limited (RInfra) in the 48 billion rupee ($710 million) sale of its cement business – Reliance Cement – to Birla Corporation, which turned to Nishith Desai for counsel.
A&O, PJS advise Japan's BTMU on $783 mln Philippine bank deal

BY Eileen Ang |

Allen & Overy and Puyat Jacinto & Santos Law have represented the Bank of Tokyo-Mitsubishi UFJ (BTMU) on its estimated 36.9 billion Philippine peso ($783 million) purchase of a 20 percent stake in Security Bank Corp., which turned to Picazo Buyco Tan Fider & Santos for legal counsel.
Kochhar hires Dubai corporate partner from Bakers

BY Karuna Jainpalli |

Indian law firm Kochhar & Co. has hired Faizal Latheef as corporate partner in its Dubai office from Baker & McKenzie Habib Al Mulla.
HSF latest firm to close Abu Dhabi office

BY ALB |

Herbert Smith Freehills has closed its Abu Dhabi office, according to reports, and will move its five-lawyer team there to Dubai. It currently has two partners in Doha and eight in Dubai.
Bakers, K&E on Telkom-Teleguam deal

BY ALB |

Baker & McKenzie and its member firms have advised Telkom Indonesia on its acquisition of AP Teleguam Holdings, Inc. from Advantage Partners, a Japanese private equity firm that was represented by Kirkland & Ellis.
Latham, Skadden advise on $37 billion Avago-Broadcom deal

BY ALB, Reuters |

Latham & Watkins has advised Avago Technologies Ltd on its agreement to buy Broadcom Corp for $37 billion, with Skadden, Arps, Slate, Meagher & Flom advising the seller.
DLA, K&E, Weil Gotshal on Groupon’s sale of controlling stake in Ticket Monster

BY Kanishk Verghese |

DLA Piper, Kirkland & Elllis and Weil, Gotshal & Manges are advising on Groupon’s agreement to sell a 46 percent controlling stake in Ticket Monster, its South Korean ecommerce business, to a partnership formed by KKR and Anchor Equity Partners for $360 million.