Singapore boutique Covenant welcomes construction disputes veteran
Singapore law firm Covenant Chambers has appointed construction and engineering disputes expert Edwin Sim as a director.
Hunton Andrews Kurth adds Tokyo energy partner from White & Case
Hunton Andrews Kurth has hired energy and infrastructure expert Kristian Bradshaw as a partner in Tokyo from White & Case, where he was a local partner, Bradshaw announced in a LinkedIn post.
AZB, STB act on OYO’s $525 mln U.S. bet
AZB & Partners has acted for Oravel Stays, the parent of e-hotelier OYO, on its proposed $525 million acquisition of U.S. motel operator G6 Hospitality from PE fund Blackstone. Simpson Thacher & Bartlett acted for Blackstone on the deal.
Khaitan, CAM, Links act on Samvardhana Motherson’s $771 million QIP
Khaitan & Co has advised Samvardhana Motherson, one of the world’s largest suppliers of automotive components, on its recent $771 million fundraise through a qualified institutional placement (QIP)
HK: Hogan Lovells picks up partner duo from exiting Dechert
Anglo-American law firm Hogan Lovells has expanded its Hong Kong office with the addition of partners Maria Sit and Michael Wong and three associates from Dechert, which is set to close its Hong Kong operations.
Singapore: SH hires energy transition team from Penningtons
Stephenson Harwood has expanded its energy transition practice with the addition of a three-member team in Singapore from Penningtons Manches Cooper, led by partners Nick Dingemans and John Zadkovich.
Thailand: Tilleke brings on cap marks, tax partners from Deloitte, Kudun
Tilleke & Gibbins, Thailand’s largest law firm, has added Patcharaporn Pootranon and Saravut Krailadsiri as Bangkok-based partners in its capital markets and tax practices, respectively.
EXPLAINER: Can Thailand's new government reinvigorate its economy?
Thailand is poised to witness political and economic disruptions after the opposition Move Forward Party (MFP) stormed to a decisive electoral victory on May 14, closing the curtain on the reign of Prayuth Chanocha, who seized power in a coup in 2014.
BRIEFS: A backlash mounts over Credit Suisse’s AT1 wipe-out, Asian bondholders ready lawsuits
Credit Suisse (CS) might be no more after it was forced into the arms of rival UBS, but the legal backlash arising from the government-orchestrated deal is just gathering storm. With investors worldwide (including in Asia) decrying the Swiss authorities for evaporating billions of dollars in additional tier one (AT1) bonds, law firms are gearing up for protracted legal battles.
FORUM: Tread Carefully
With the emergence of generative artificial intelligence heralding a new era of productivity, law firms are weighing the use of AI to improve efficiencies and cut costs at a time when economic uncertainty is dampening revenue prospects. But as the technology's inherent flaws come to light, not to mention the potential for abuse, firms need to move with caution to deal with the flip side of AI.