Korean law firm Yoon & Yang has advised the Industrial Bank of Korea on the establishment of an $8 billion debt program. Cleary Gottlieb Steen & Hamilton acted for the underwriters, while Shook Lin & Bok was Singapore listing agent.
Latham & Watkins and Freehills are advising on a Korean-Japanese consortium's $3.3 billion acquisition of a 30-percent stake in the Roy Hill project, an iron ore mine in Western Australia.
Covington & Burling has applied to open an office in Seoul. William Park, formerly of Korean law firm Apex, will join Covington as a partner. Of counsel Daniel Spiegel will relocate from Washington, D.C. to co-head the new office.
Squire Sanders has announced plans to open an office in Korea. The head of the firm's Korea practice, Joon Yong Kim, and partner Edward Kim will relocate from Tokyo to lead the new office in Seoul.
Paul Hastings and Ropes & Gray both said they today submitted applications to the Ministry of Justice of Korea to launch foreign legal consultant offices in Seoul, following the lifting of barriers to foreign law firms in Korea.
Clifford Chance has become the first U.K. firm to announce it has applied to open an office in Seoul. It will join several U.S. firms in entering the South Korean capital following the country's passage of free trade agreements with the EU and the U.S.
McDermott Will & Emery has unveiled plans to open an office in Seoul, following similar announcements by Cleary Gottlieb Steen & Hamilton; Simpson Thacher & Bartlett; and Sheppard, Mullin, Richter & Hampton.
A U.S. district court judge has thrown out a motion by Kolon Industries, Inc. requesting a new trial in its trade secrets dispute with DuPont, which climaxed in a $920 million jury verdict for DuPont in September, reports The Am Law Litigation Daily.
The Export-Import Bank of Korea has turned to Cleary Gottlieb Steen & Hamilton and Shin & Kim for its latest two-tranche bond issue on the Singapore Exchange, raising $2.25 billion. Davis Polk & Wardwell acted for the underwriters.
For international firms, China has generally been a tale of two cities: Beijing and Shanghai. But a number of firms are starting to eye second-tier markets like Chongqing, Dalian, Guangzhou, Shenzhen and Qingdao.