Tag: taiwan


Baker & McKenzie Advises CTBC Financial Holding Company Ltd. on its Acquisition of Tokyo Star Bank

Baker & McKenzie has acted for Taiwan-based CTBC Financial Holding Company Ltd. ("CTBC FHC") on its acquisition of a 98.16% stake in Japan-based Tokyo Star Bank for JPY 52 billion of cash considerations. CTBC Bank, the key subsidiary of CTBC FHC, will acquire a 98.16% stake in Tokyo Star Bank from Shining Star Godo Kaisha and Allied Holdings Godo Kaisha who are the current shareholders of Tokyo Star Bank in Japan. The transaction will be filed with regulators in Taiwan and Japan and is expected to close upon the receipt of both shareholder and regulatory approvals. Through the transaction, CTBC Bank will become more competitive going forward by acquiring a controlling stake in a nationwide licensed bank (Tokyo Star Bank) in Japan to further expand in the Northeast Asia region. CTBC FHC was established on May 17, 2002, with over 10,000 employees, and assets in excess of NT$2 trillion. CTBC Bank has 147 branches throughout Taiwan and 68 overseas outlets located in America, Canada, Japan, India, Indonesia, the Philippines, Thailand, Vietnam, Hong Kong, Singapore, and mainland China, making them Taiwan’s most international financial institution. The Baker & McKenzie team advising CTBC FHC is led by Taiwan-based partner Joseph Fu, supported by associates David Lin and Hsin-Che Wu, and Tokyo-based partner Norihiro Sekiguchi with support from associates Masato Honma, Jonathan Mukai and Junya Suzuki. The team acted as transaction counsel with primary responsibility for preparing and negotiating the transaction agreements, advising on related legal and regulatory issues and general transaction management. Commenting on the deal, Joseph stated, “By decisively expanding into the banking market of Japan, CTBC FHC has proved that it is a leading financial services company across the Asia-Pacific region. We are delighted to act as the counsel to CTBC FHC on such a milestone deal for not only CTBC FHC but also the financial industry of Taiwan." Norihiro added, "This is the first acquisition of a Japanese bank made by a foreign bank entity. It is telling of the changing times, and we hope that strategic acquisitions in the banking sector continue to grow – both into and outside of Japan."


October Asia Legal Job Moves Summary

October saw career changes throughout Asia.  Here are some of the major stories of  note: The Zhong Lun Law Firm hired Jason Liu in Beijing.  The partner has extensive experience in fund formation, securities, and M&A. Also in Beijing, Linklaters announced the recruitment of Pui Hong Chik from Baker & McKenzie.  The corporate partner's practice includes Chinese IPO's and Hong Kong listed SOE compliance work. Morrison & Foerster added partner Masahiro Shiga to its Tokyo office, which operates as Ito & Mitomi.  The finance partner practices in real estate, fund formation, and private equity.  He brings associates Mori Inada and Mansu Pak from Skadden. In Taipei, Douglas Weinstein joined Jones Day's intellectual property litigation group.  Weinstein moves from Finnegan Henderson's Atlanta office, for whom he had previously been posted in Taipei. If you are considering a legal job change, contact some of the best legal recruiters in Asia at Kinney Recruiting.  We are happy to discuss how these stories and others can impact your career.


Douglas Weinstein Joins Jones Day as Intellectual Property Partner in Taipei

The global law firm Jones Day is pleased to announce that Douglas Weinstein has joined the Firm's Taipei Office as a partner in the Intellectual Property Practice. Mr. Weinstein arrives from the Atlanta office of Finnegan, Henderson, Farabow, Garrett & Dunner, LLP. He previously served as the Resident Managing Partner of Finnegan’s Taipei office from 2007 through 2011. Mr. Weinstein focuses his practice on patent and trade secrets litigation in the electrical, computer, and telecommunications industries. He has extensive experience representing clients in areas such as semiconductors, computer systems, networking technology, wireless networks, LCD monitors, and software. "We are pleased to welcome Douglas to the Firm and the Intellectual Property Practice," said Anthony Insogna, co-chair of Jones Day's Intellectual Property Practice and resident in the San Diego Office. "His extensive IP litigation experience in the US, including litigation before the International Trade Commission (ITC), and his in-depth knowledge of the technology industry in Taiwan will serve to strengthen our capabilities in counseling Taiwan companies facing IP litigation in U.S. district courts and the ITC." Mr. Weinstein's practice also includes patent prosecution, portfolio counseling, and infringement, validity, and patentability opinions. He is a Taiwan Foreign Legal Affairs Attorney, and is registered to practice before the U.S. Patent and Trademark Office and U.S. Court of Appeals for the Federal Circuit. "Douglas is an excellent addition to the Firm and our intellectual property team in Taipei," said Jack J.T. Huang, Partner-in-Charge of Jones Day's Taipei Office. "Douglas's background in patent litigation across numerous technologies and his previous work in Taiwan will contribute significantly to our continued strategic growth of IP in Taiwan." Mr. Weinstein earned his Bachelors of Engineering from Vanderbilt University, and his J.D. and Master of Intellectual Property from Franklin Pierce Law Center. He also earned an M.B.A from the University of Alabama. During his time in Taiwan, Mr. Weinstein served as an Adjunct Professor at National Cheng Chi University, Hsinchu, Taiwan, where he taught courses in U.S. intellectual property litigation.


WFW Asia Practice Advises a Syndicate of Banks on a US$479,557,744 Loan Facility to First Ship Lease Trust to Refinance Its 25 Ship Fleet

The Singapore office of Watson, Farley & Williams LLP (“WFW”) is pleased to announce that it has advised a syndicate of banks led by The Bank of Tokyo-Mitsubishi UFJ, Ltd. as agent and UniCredit Bank AG, Singapore Branch as security trustee in relation to a US$479,557,744 term facility provided to FSL Trust Management Pte. Ltd, as trustee-manager for First Ship Lease Trust, to refinance its existing credit facility. The syndicate of banks comprised ABN AMRO Bank N.V., Singapore Branch, Oversea-Chinese Banking Corporation Limited, Sumitomo Mitsui Banking Corporation, Singapore Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd., UniCredit Bank AG, Singapore Branch, The Korea Development Bank, ITF International Transport Finance Suisse AG and KfW IPEX-Bank GmbH. The US$479,557,744 term facility is secured on First Ship Lease Trust’s fleet of 25 ships which are on charter to a variety of international owners and operators. The transaction involved co-ordination with local counsel and/or registries in Singapore, England, the Marshall Islands, Malta, Taiwan, Indonesia, Cyprus, Liberia, Panama, Italy and the Bahamas. First Ship Lease Trust is a Singapore registered business trust listed on the Singapore Stock Exchange and specialises in non-tax driven leasing services to the global shipping industry. Goh Mei Lin, partner in the WFW Singapore office, led the team and was assisted by Shawn Er and Hayley Arrow.


Perkins Coie Opens Office in Taipei, Taiwan

Perkins Coie Foreign Legal Affairs Attorneys at Law announced today that it has opened a new office in Taipei, Taiwan, to expand Perkins Coie’s Asia practice and to better serve its Taiwan-based clients, particularly in patent litigation and other intellectual property matters. The office is located in the Taipei 101 Tower. “We are excited to open this office in Taipei to be able to better serve the needs of our Taiwanese technology clients,” said Jonathan James, firmwide Patent Litigation practice co-chair. “The attorneys at Perkins Coie have been actively representing Taiwanese companies for more than a decade in many high profile patent cases.  As our commitment to these clients expands and our relationships deepen, it is a natural and welcome step that Perkins opens an office in Taipei.” Perkins Coie’s Taiwanese-based clients include, among others, HTC, ASUSTeK, ATEN International, Elitegroup Computer Systems, Largan Precision, Princo, Lite-On Group and Monolithic Power Systems.   The firm recently secured an important patent litigation victory for HTC before the U.S. International Trade Commission in a case filed against it and others by FlashPoint Technologies. Perkins Coie has more than 175 attorneys involved in patent litigation, prosecution and licensing, with more than 100 of those attorneys having science degrees, including degrees in electrical engineering, computer engineering, computer science, and in numerous life sciences disciplines.  The firm regularly represents leading technology and life sciences companies in patent litigation in federal courts throughout the United States and before the International Trade Commission. The firm received significant recognition for its intellectual property practice, including top ten rankings in the 2011 Top Law Firms for Patent Quality by Information Technology and the 2011 Top 20 All Industries list by Intellectual Asset Management magazine and Ocean Tomo. Additionally, the firm and its attorneys are recognized in numerous IP rankings, including Chambers USA and Best Lawyers. The Taipei office marks Perkins Coie’s third office in Asia.  The firm's other Asia offices, in Beijing and Shanghai, represent Chinese and multinational companies in intellectual property matters in the areas of technology and life sciences, corporate finance and securities, international business and personal planning.