A survey of Australia’s largest law firms has found that there is disparity between those who’ve been hiring and those that have cut back on legal personnel… HSF advises on largest cross-border acquisition in Myanmar… Asia-Pac contributes 11 per cent at Clyde… Barrister tells court that client is “disagreeable old trout”…
HSF advises on largest cross-border acquisition in Myanmar
Herbert Smith Freehills has advised on a record-breaking acquisition in Myanmar. Malaysian telecoms giant Axiata Group acquired a majority stake in Myanmar Tower Company. The US$221 million cash-free and debt-free deal was handled by a team including senior associate Peggy Chow on regulatory and associate Mia Harrison-Kelf on M&A. Finance partner Adrian Cheng and solicitor Aaron Chiong advised on the financing aspects. Head of Asia Competition Mark Jephcott and senior associate Adelaide Luke advised on competition aspects of the transaction.
Asia-Pac contributes 11 per cent at Clyde
International law firm Clyde & Co has reported its financial results for the first half of the 2015/16 financial year. The firm’s revenue was up 8 per cent to £192 million (AU$401 million) with 57 per cent from the UK offices. Of the international locations, Asia Pacific contributed 11 per cent with MENA at 13 per cent, North America at 12 per cent and others contributing the remaining 6 per cent.
Barrister tells court that client is “disagreeable old trout”
A barrister has stunned a court with a condemning account of his own client’s behaviour. Margaret Wooliscroft, a 60-year-old farmer from the UK, was in court in Stoke-on-Trent charged with breaching an anti-social behaviour order forbidding her from harassing and abusing passers-by in a local village. Her behavior included calling innocent people “paedophiles” and “drug dealers”. Lawyer David Iles admitted that his client was a “disagreeable old trout” and that she was “about as popular as a diesel Volkswagen”. The Daily Telegraph reports that Wooliscroft was jailed for 28 months, despite the efforts of her barrister to defend her, claiming that “her disastrous reputation precedes her.”