Search results for

Marco Compagnoni, Weil Gotshal & Manges Jonathan Wood, Weil Gotshal & Manges Weil Gotshal & Manges raided Lovells' private equity team for star partner Marco Compagnoni and senior assistant Jonathan Wood. Both will join Weil's London office as partners in the firm's global private equity group.

On February 9 2006, the Presidential Decree of the Corporate Income Tax Law was promulgated. It contains specific procedures relating to obtaining prior approval and refunds of withholding tax with respect to Anti-Tax-Haven Rules. A person wishing to obtain prior approval must submit an application together with: (i) a certificate of residence; (ii) copies of the certificate of incorporation and the articles of incorporation; (iii) names and addresses of directors; (iv) details and shareholding of shareholders; (v) number of employees and description of business; (vi) an explanatory note regarding economic or business motives for making the investment; (vii) the method of financing the investment; (viii) distribution details or plan after receipt of Korean-sourced income; and (ix) income tax applications submitted to the relevant tax authority in the jurisdiction of its incorporation, audit reports and financial statements for the past three years. The National Tax Service must notify of its approval or disapproval within three months from the date of receipt of the application.

Brian M McCall challenges the Commission's reluctance to address the role of clearing systems in shareholder voting

Taipei Fubon Commercial Bank acted as sole mandated lead arranger on the $122.5 million financing of Pacific Alliance's acquisition of the Goodbaby Group. The financing represents the first completed leveraged buyout in the PRC, Goodbaby being China's largest baby goods supplier. Allen & Overy, led by Joseph Tse in Hong Kong, advised Taipei Fubon. Pacific Alliance Group was advised by White & Case on the acquisition and by Sidley Austin on financing matters.

State-owned enterprises (SOEs) in Indonesia are governed by Law 19/2003. Pursuant to Article 93 of this Law, as of June 19 2005 there will only be two forms of state-owned enterprises: SOEs in the form of a limited liability company, known as persero, and SOEs in the form of a general company, known as perum. The Article requires that all utility companies, or perjan, must be transformed into persero or perum by this date.

Seth Aronson, Robert Stern and Michael Walsh argue that US courts have been right to bar shareholder derivative claims for CEO disgorgement under Sarbanes-Oxley

The dispute over the intention of Section 304 of the Sarbanes-Oxley Act in the US that forms the subject of IFLR's cover story this month is a model of how difficult the task facing those drafting the law can be.

Winston Maxwell examines the European Commission's objections to France's new foreign investment decree

Linklaters added to its new Dubai office with the hire of Jordanian lawyer Luma Saqqaf, who will become the firm's head of Islamic finance in the Middle East, and Mark Craig, a senior projects lawyer. Saqqaf joined Linklaters from Allen & Overy in Dubai, where she focused on transactional banking with an emphasis on Islamic finance products such as sukuks (she advised on the Emirates International sukuk) and Sharia-compliant derivatives transactions. Craig was formerly a senior associate in Clifford Chance's projects team in Dubai. Linklaters' Dubai office will initially comprise three partners and over 10 other fee earners, advising on capital markets, project finance, banking, Islamic finance and M&A.

Paul Hastings announced a further expansion of its corporate finance practice, with three new hires. The firm lured leveraged finance specialists Brett King and Susan Thom from Milbank Tweed Hadley & McCloy to join as partner and senior associate respectively. King and Thom have worked on leveraged buyouts in Hong Kong, Singapore, Japan and Korea. David Grimm, previously with Cravath Swain & Moore, was appointed of counsel. Grimm has 15 years of experience in cross-border capital markets, corporate finance and M&A transactions spanning London, New York and Hong Kong.