Deacons advised US telecommunications components company JDS Uniphase Inc on the structuring and completion of the sale of its laser optics manufacturing facility in Fuzhou, China, to another US corporation, Fabrinet Inc. This required the consideration of sensitive and complex Chinese regulatory issues, particularly in relation to labour law. The Chinese component of the transaction was significant and involved the transfer of assets not only in China but also the US. New York firm Simpson Thacher & Bartlett LLP advised JDS Uniphase on the US aspects of the deal.The deal was a collaborative effort for Deacons’ Asia network. Ian McCubbin, head of Deacons’ China business group in Australia led the team and worked on the ground in Fuzhou supported by Shanghai partner Elizabeth Cole, lawyers Diddy Wang and Star Zhang and Melbourne-based senior associate James Hains and lawyer Georgette Leader.
Coudert Brothers acted as international counsel to SBI Capital Markets Limited, DSP Merrill Lynch Limited, ICICI Securities Limited, JM Morgan Stanley Private Limited, Kotak Mahindra Capital Company Limited, Enam Financial Consultants Private Limited and the other underwriters in the follow-on public equity offering of Allahabad Bank in India and concurrent private placement outside India. The public equity offering was worth more than $247 million. John Chrisman was the partner in charge and was assisted by Jamie Benson and Johanna O’Shea, both senior associates in the Sydney office, and Simran Sandhu, an associate in the Sydney office.