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.
According to the report, even though Kim & Chang has seen its revenue rise steadily in the past few years, its market share fell from 53.8 percent to 49.9 percent between 2012 and 2015.
Read the full report here.
Sidley Austin has advised Malaysia’s Axiata Group on its Indonesian subsidiary’s acquisition of Axis Telekom Indonesia from Saudi Telecom Company (STC), which was guided by Freshfields.
Papua New Guinea energy company Oil Search Ltd launched a fight on Friday to contest French oil giant Total SA's purchase of a 40 percent stake in PNG's biggest undeveloped gas field.
Oman's central bank has set new caps on banks' credit exposure to non-residents and funds placed abroad, giving lenders six months to comply.