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Archive for February 17th, 2012

Squire Sanders Boosts Presence in Asia

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HONG KONG, Feb. 16, 2012 /PRNewswire-Asia/ — Squire Sanders announced a significant step forward in implementing its strategy to continue developing its presence in the Asia Pacific region.

Mao Tong, Peter Chow and Ignatius Hwang have joined Squire Sanders from Bryan Cave in Hong Kong and Singapore.

James J. Maiwurm, Squire Sanders chair and global CEO said: “We are very pleased to welcome Mao Tong, Peter and Ignatius to the firm. They are highly regarded in the local market, and their appointments, together with our recent expansion into Western Australia, are important steps forward in our Asia Pacific growth strategy that builds on a 125-lawyer base in the region. Mao Tong and Peter join our very busy and thriving office in Hong Kong, and Ignatius is the foundation we will build upon with a new presence in Singapore, a commercial center of growing importance. Consistent with our global strategies, these additions strengthen our energy and natural resources, international arbitration, and infrastructure and transactional capabilities.”

Mao Tong was formerly the managing partner of the Hong Kong office of Bryan Cave. He is an accomplished corporate transactional lawyer, having been involved in a number of cross-border merger and acquisition and joint venture transactions. His experience includes work in the energy and mining sectors, private equity transactions and foreign direct investment into China. Prior to joining Bryan Cave in 2008, Mao Tong was a partner at Hogan & Hartson and a partner of Squire Sanders in Hong Kong for eight years. He was also General Counsel, Greater China, for General Electric Company.

Peter Chow was also a partner in Bryan Cave’s Hong Kong office, where he led the firm’s International Arbitration and Dispute Resolution practice in Asia. Peter handles disputes related to energy and resources, infrastructure and construction projects, international trade, maritime and general commercial matters. He has advised major US, European and Asian corporations, including Chinese state-owned enterprises. Peter is a chartered arbitrator and listed to practice in the UK, Australia and Hong Kong. Apart from extensive arbitration experience in Asia, he has experience in matters involving Africa, the Middle East and Russia. Prior to joining Bryan Cave, Peter practiced with Baker & McKenzie in Hong Kong and Mallesons in Hong Kong and Melbourne.

Formerly managing partner of Bryan Cave’s Singapore office, Ignatius Hwang has more than 20 years of international experience as an energy, resources and infrastructure lawyer. He held several in-house counsel positions with various multi-nationals, including senior counsel at CMS Energy, a Michigan-based electricity and natural gas utility. He was a partner at Freehills and led its energy and resources practice in Asia before joining Bryan Cave in 2008.

Ignatius has a leading reputation as a public/private partnership projects attorney, having been involved in all aspects of PPP, energy and infrastructure projects. He has also advised governments, vendors and bidders on privatizations. He has worked on energy and infrastructure projects throughout the Asia-Pacific region, including Australia, India, Pakistan, China, Philippines, Vietnam, Thailand, Cambodia, Malaysia, Singapore and Indonesia, as well as in the Middle East and Africa.

Ignatius will spearhead the launch of a new office in Singapore, expected to open at the end of March once a license to operate in that market has been granted.

James Tsang, managing partner of Squire Sanders’ Hong Kong office, explained that “The business environment in China is changing. Increasingly the opportunities associated with the Chinese legal market involve outbound investment. And international arbitration activity is growing in both Hong Kong and Singapore. Mao Tong, Peter and Ignatius bring considerable international experience to the firm and, with our global platform, Squire Sanders is ideally suited to represent Chinese companies investing elsewhere in the world.

Ken Kurosu, Squire Sanders Asia practice coordinator, added that “These additions build on an already strong platform in Hong Kong, Beijing, Shanghai, Tokyo and Western Australia. We are pleased to be able to offer to clients additional strength and experience in sectors such as energy and natural resources and practices such as cross-border transactions, arbitration and infrastructure development. We expect these new partners to rapidly become part of the fabric of our integrated Asia Pacific activities.”

SOURCE﹛Squire Sanders

Written by asiafreshnews

February 17, 2012 at 4:14 pm

Posted in Uncategorized

Squire Sanders Boosts Presence in Asia

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HONG KONG, Feb. 16, 2012 /PRNewswire-Asia/ — Squire Sanders announced a significant step forward in implementing its strategy to continue developing its presence in the Asia Pacific region.

Mao Tong, Peter Chow and Ignatius Hwang have joined Squire Sanders from Bryan Cave in Hong Kong and Singapore.

James J. Maiwurm, Squire Sanders chair and global CEO said: “We are very pleased to welcome Mao Tong, Peter and Ignatius to the firm. They are highly regarded in the local market, and their appointments, together with our recent expansion into Western Australia, are important steps forward in our Asia Pacific growth strategy that builds on a 125-lawyer base in the region. Mao Tong and Peter join our very busy and thriving office in Hong Kong, and Ignatius is the foundation we will build upon with a new presence in Singapore, a commercial center of growing importance. Consistent with our global strategies, these additions strengthen our energy and natural resources, international arbitration, and infrastructure and transactional capabilities.”

Mao Tong was formerly the managing partner of the Hong Kong office of Bryan Cave. He is an accomplished corporate transactional lawyer, having been involved in a number of cross-border merger and acquisition and joint venture transactions. His experience includes work in the energy and mining sectors, private equity transactions and foreign direct investment into China. Prior to joining Bryan Cave in 2008, Mao Tong was a partner at Hogan & Hartson and a partner of Squire Sanders in Hong Kong for eight years. He was also General Counsel, Greater China, for General Electric Company.

Peter Chow was also a partner in Bryan Cave’s Hong Kong office, where he led the firm’s International Arbitration and Dispute Resolution practice in Asia. Peter handles disputes related to energy and resources, infrastructure and construction projects, international trade, maritime and general commercial matters. He has advised major US, European and Asian corporations, including Chinese state-owned enterprises. Peter is a chartered arbitrator and listed to practice in the UK, Australia and Hong Kong. Apart from extensive arbitration experience in Asia, he has experience in matters involving Africa, the Middle East and Russia. Prior to joining Bryan Cave, Peter practiced with Baker & McKenzie in Hong Kong and Mallesons in Hong Kong and Melbourne.

Formerly managing partner of Bryan Cave’s Singapore office, Ignatius Hwang has more than 20 years of international experience as an energy, resources and infrastructure lawyer. He held several in-house counsel positions with various multi-nationals, including senior counsel at CMS Energy, a Michigan-based electricity and natural gas utility. He was a partner at Freehills and led its energy and resources practice in Asia before joining Bryan Cave in 2008.

Ignatius has a leading reputation as a public/private partnership projects attorney, having been involved in all aspects of PPP, energy and infrastructure projects. He has also advised governments, vendors and bidders on privatizations. He has worked on energy and infrastructure projects throughout the Asia-Pacific region, including Australia, India, Pakistan, China, Philippines, Vietnam, Thailand, Cambodia, Malaysia, Singapore and Indonesia, as well as in the Middle East and Africa.

Ignatius will spearhead the launch of a new office in Singapore, expected to open at the end of March once a license to operate in that market has been granted.

James Tsang, managing partner of Squire Sanders’ Hong Kong office, explained that “The business environment in China is changing. Increasingly the opportunities associated with the Chinese legal market involve outbound investment. And international arbitration activity is growing in both Hong Kong and Singapore. Mao Tong, Peter and Ignatius bring considerable international experience to the firm and, with our global platform, Squire Sanders is ideally suited to represent Chinese companies investing elsewhere in the world.

Ken Kurosu, Squire Sanders Asia practice coordinator, added that “These additions build on an already strong platform in Hong Kong, Beijing, Shanghai, Tokyo and Western Australia. We are pleased to be able to offer to clients additional strength and experience in sectors such as energy and natural resources and practices such as cross-border transactions, arbitration and infrastructure development. We expect these new partners to rapidly become part of the fabric of our integrated Asia Pacific activities.”

SOURCE﹛Squire Sanders

Written by asiafreshnews

February 17, 2012 at 4:14 pm

Posted in Uncategorized

111th Canton Fair Opens in April

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— China’s largest trade show prepares to help businesses compete on world stage

GUANGZHOU, China, Feb. 16, 2012 /PRNewswire-Asia/ — The Canton Fair will once again welcome the world’s top retailers and influential business and political leaders when it opens its 111th session on April 15.

(Photo: http://www.prnasia.com/sa/2012/02/15/201202151945196456.jpg )

Over the past 56 years, the Canton Fair has grown to become one of the most important events for small- and medium-sized businesses looking to tap into the lucrative China market and boost their competitiveness in the rest of the world.

This may not be truer than in the present day. While the U.S. struggles to emerge from a recession and Europe grapples with a worsening economic crisis, China’s economy continues to grow and become more open. As part of China’s 12th five-year plan, the government has committed to increasing imports to establish more balanced trade with its partners. And the Canton Fair is helping to pave the way by boosting the numbers of participating foreign businesses to stimulate the flow of products and services into China.

The 110th Canton Fair, held from October 15 to November 4, 2011, was the most international version of the trade fair to date. The event, which coincided with the 10th anniversary of China’s accession to the World Trade Organization, attracted nearly 210,000 buyers from 210 countries and regions and generated $38 billion in business, a 3% increase over the 109th session in the spring.

The changes were evident to longtime participants. “My first time to the Canton Fair was in 1978,” said Ali Saleh, General Manager of Gemstones & Jewellers Centre. “I have witnessed a lot of improvement and development. In the past years, especially after the adoption of the opening up policy, the number of the foreign visitors is larger and larger.”

Illustrating the importance of the fair to China’s trade with emerging markets, more contracts were signed by buyers from Russia, Brazil and India than ever before. “It is my first time to be here in the Canton Fair and I have found what I want already. The fair is so big and fantastic,” said Sergio Rebollo, a buyer representing the Brazilian company Fat Monkey.

The 111th session of the Canton Fair will be held from April 15 to May 5, at the Canton Fair Complex in Guangzhou, China. For more information, please visit http://www.cantonfair.org.cn.

SOURCE﹛China Foreign Trade Centre (CFTC)

Written by asiafreshnews

February 17, 2012 at 12:18 pm

Posted in Uncategorized

World’s Best Student Cities Revealed in new Ranking

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Europe defies financial turmoil to dominate top ten

LONDON, Feb. 15, 2012 /PRNewswire-Asia/ — Europe outshines the US in a new ranking of the world’s best cities for students, released for the first time today by the research specialist behind the annual QS World University Rankings(R).

For our video release, please go to http://www.youtube.com/watch?v=MV3AdDVpLFk&feature=youtu.be

Paris tops the table ahead of London, Boston and Melbourne, with six European cities in the top ten. Singapore (12th) is the leading Asian city ahead of Hong Kong (19=) and Tokyo (19=), while Australia is the only country with two cities in the top ten.

Based on 12 criteria, QS Best Student Cities 2012 takes into account the quality and number of internationally ranked universities, alongside factors such as affordability, quality of living and the reputation of local universities among employers.

Europe triumphs on quality of living and affordability, with tuition fees in top-ten cities Paris, Vienna, Zurich and Berlin averaging under US$1,000 per year, compared to $30,000 in the US. Twenty European cities make the top 50 compared to nine each from North America and Asia and four from Latin America.

London claims the top score for the quality of its leading universities, but Paris has a greater number of internationally ranked institutions alongside superior all-round scores.

QS Best Student Cities 2012( http://www.topuniversities.com/student-life/best-student-cities/2012 )

Rank City

1 Paris
2 London
3 Boston
4 Melbourne
5 Vienna
6 Sydney
7 Zurich
8= Berlin
8= Dublin
10 Montreal

QS Quacquarelli Symonds http://www.topuniversities.com

Top 50: http://www.topuniversities.com/student-life/best-student-cities/2012

Edouard Husson, Vice-Chancellor of Paris universities: “This research recognises the world-class study experience provided by Paris. We have more globally ranked universities than any other city, alongside low tuition fees. Moreover, Paris has four “universities of excellence” as a result of the IDEX competition.”

London Mayor Boris Johnson: “I’m delighted to learn that London has once again been confirmed as one of the best places on earth to be a student. With over 400,000 students and more top ranked universities than any other capital, London is a great student’s city. With the Olympic Games just around the corner, London is undergoing an enormous transformation. Moreover, we’ve got twice as many book shops as New York, and more museums than Paris. And by the way, our museums are free.”

QS Managing Director Nunzio Quacquarelli: “Going to university is about more than just selecting the most prestigious institution. When a broad range of factors are taken into account, cities in continental Europe, Australia and Asia offer distinct advantages for students.”

SOURCE﹛QS Quacquarelli Symonds, http://www.topuniversities.com

Written by asiafreshnews

February 17, 2012 at 11:03 am

Posted in Uncategorized

The Gores Group Completes Acquisition of The Hay Group

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LOS ANGELES and BAD SOBERNHEIM, Germany, Feb. 15, 2012 /PRNewswire-Asia/ — The Gores Group, a leading Los Angeles-based private equity firm, today announced that through an affiliate it has completed the acquisition of The Hay Group, one of the leading European manufacturers of high precision forged and machined components for engines, gearboxes and axles for the automotive, commercial vehicle and bearing industries. Terms of the transaction were not disclosed.

Founded in 1925, The Hay Group has nearly 1,600 employees between its three German manufacturing operations sites. Part of the strategy under the new ownership will be to expand The Hay Group’s operations into Asia to meet the demands and requirements of its customers.

Fernando Goni, Managing Director of The Gores Group, stated, “We are delighted to close this transaction. The Hay Group provides The Gores Group with a tremendous opportunity to expand upon our current automotive supplier industry holdings, particularly in the provision of strategic products to key German vehicle manufacturers and other tier I suppliers. We are delighted to continue to work with Prof. Dr. Gottschalk and his team in taking the company into the next phase of development.”

Prof. Dr. Bernd Gottschalk, Chairman of The Hay Group and Managing Partner of the consulting firm AutoValue GmbH: “We are very proud to have succeeded in restoring Hay’s operating performance and look forward to transforming the company to an even higher level of performing. The strong capital base of The Gores Group will help us secure Hay’s future growth and expansion into Asia.”

Mr. Goni, added, “The acquisition of The Hay Group confirms our already strong position in Europe, as reflected by our most recent investments in Mexx, Sagem Communications, Siemens Enterprise Communications and Vincotech.”

About The Gores Group, LLC

The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm’s operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, the Gores Group maintains offices in Boulder, CO, and London. For more information, please visit http://www.gores.com

About The Hay Group

The Hay Group was founded in 1925 by Johann Hay and has over the past 85 years developed into a leading European supplier of forged and machined components to the international automotive and commercial vehicle as well as the bearing industries. The company has production facilities in Bad Sobernheim and Bockenau, Rhineland-Palatinate, and in L邦chow, Lower Saxony. For more information, please visit http://www.hay.de

SOURCE﹛The Gores Group

Written by asiafreshnews

February 17, 2012 at 10:55 am

Posted in Uncategorized