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Skadden Advises Dada Nexus On USD 1.4bn Merge With JD Daojia

by Ashford Benjamin | Apr 26, 2016 | Uncategorized

25 April, 2016 Dada Nexus Limited, which operates China’s largest crowdsourcing delivery platform, has entered into definitive agreements with JD.com Inc. (NASDAQ: JD), whereby JD.com will contribute its existing online-to-offline business unit (JD Daojia...

An Insight into Changes in Singapore’s Labour and Employment Law

by Ashford Benjamin | Apr 26, 2016 | Uncategorized

21 April, 2016 Effective 1 April 2016, several changes to Singapore’s labour and employment law have been made that have the potential to generate increased awareness among employees as to their employment terms, salary and benefits. These new regulations will...

Skadden Advises JD.com On US1bn Notes Offering

by Ashford Benjamin | Apr 26, 2016 | Uncategorized

25 April, 2016 JD.com, Inc. (NASDAQ: JD), China’s largest online direct sales company, announced on April 23, 2016, the pricing of its public offering of US$1 billion aggregate principal amount of its notes. The public offering consists of US$500 million of 3.125%...

Shearman & Sterling Advises on Phoenix Healthcare’s High Profile Acquisition of China Resources Healthcare Group

by Ashford Benjamin | Apr 18, 2016 | Uncategorized

14 April, 2016 Shearman & Sterling is advising Hong Kong-listed Phoenix Healthcare on its US$480 million acquisition of certain hospital businesses of China Resources Healthcare Group (CR Healthcare), one of the largest state-owned enterprises in China’s...

Allen & Overy Advises on Mongolia’s Sovereign Bond Offering

by Ashford Benjamin | Apr 18, 2016 | Uncategorized

15 April, 2016 Allen & Overy has advised the joint lead managers of Mongolia’s successful sovereign bond offering. The USD500 million issuance, which closed last Wednesday, was done under the Government of Mongolia’s Global Medium Term Notes Program (in respect of...

Hong Kong – Part 1: An Insight Into a Bank’s Liability When A Third Party Fund Is Ponzi Scheme

by Ashford Benjamin | Apr 5, 2016 | Uncategorized

30 March, 2016 Recently, the Hong Kong Court of First Instance handed down its judgment in the case Li Kwok Heem John v Standard Chartered International (USA) Limited (“Bank”).  The case was brought by a victim of the infamous Bernard Madoff ‘Ponzi’ scheme against...
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