Asia From cross-border M&A to releases from sanctions, Hughes Hubbard’s global team of attorneys delivered another strong year for our Asian clients.
Large Chinese SOE Successfully Released from World Bank Sanction
HHR’s client – a large Chinese state-owned company that was debarred in 2018 – entirely satisfied conditions for release from World Bank sanction.
Wipro’s Convergence Acquisition
The firm helped global information technology company Wipro acquire U.S.-based consulting and program management company Convergence Acceleration Solutions.
Client Avoids Enforcement of Arbitration Award Set Aside in China
The U.S. District Court for the District of Columbia ruled in favor of HHR client Sinopec International Petroleum Exploration and Production Company, dismissing an attempt by plaintiff UNI-TOP to enforce an arbitration award that had been set aside by the courts in China.
Two Leasing Deals for Griffin
HHR advised Griffin Global Asset Management in the aircraft lessor's leasing deals with low-cost Indian airlines IndiGo and Akasa Air.
Chinese SOE Obtains Successful Release from World Bank Sanction
In April, a Chinese state-owned company, and HHR client, was notified by the World Bank that it had satisfied the conditions for release from sanction. The release took place in May.
Wipro Acquires Rizing
The firm advised global information technology company Wipro in its purchase of Rizing, an award-winning systems, applications and product company.
Large Chinese Company Successfully Released from World Bank Sanction
HHR’s client, a large Chinese company, was notified that it had satisfied the conditions for release from debarment by the World Bank.