Orrick exits HK market
US law firm Orrick Herrington & Sutcliffe has shut its Hong Kong office after its strategy of growing a technology and innovation practice in the city did not pan out.
The firm said it would wind down its operations by 31 August 2020, after its office lease expired, but would continue “investing in other markets in China and Asia in a manner that more directly advances our strategy”. The Hong Kong practice comprised four partners and seven lawyers and trainees.
Firms complete Tesco purchase
Linklaters acted for Thai conglomerate Charoen Pokphand Group (CP Group) on the purchase of British retailer Tesco’s businesses in Thailand and Malaysia for US$10.6 billion. Tesco was advised by Freshfields Bruckhaus Deringer and Allen & Overy. The deal entails CP Group taking control of 1,965 stores Tesco operates in Thailand and 74 outlets in Malaysia.
The Linklaters team was led by partners Wilailuk Okanurak, Pichitpon Eammongkolchai, Matthew Middleditch and Nathalie Hobbs. Partners Claire Wills, Simon Weller, Keir MacLennan, Alastair Chapman and Alastair Mordaunt led the Freshfields legal team. The Allen & Overy team was led by partner Suparerk Auychai.