Floating by on $2 Trillion: Saudi oil giant debuts on stock exchange
The world’s most profitable company has gone public. Saudi Aramco listed its shares on the Saudi Stock Exchange in early December.
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December 27, 2019
An Update on Hong Kong
Towards the end of November political shockwaves rocked Hong Kong: from district council elections turning the city from blue to yellow, the emergency mask ban ruled ‘unconstitutional’ and Beijing and Washington firing shots at each other in the form of a US Bill and returning sanctions.
December 26, 2019
(Un)diplomatic relations?: The diplomatic immunity row over Anne Sacoolas intensifies
The fatal crash in August 2019 that killed British teenager, Harry Dunn, involving US citizen, Anne Sacoolas, has escalated to a row about diplomatic immunity, after Sacoolas flew back to the US in a US Air Force plane.
November 16, 2019
“Too Little, Too Late” – Hong Kong sinks into recession
The major international trading hub faces a harsh recession following the announcement of an extradition bill to China and the ongoing China-US trade war. Increasingly violent protests over a 5-month period have caused chaos, hindering business and discouraging tourists. The economy has shrunk by 3.2% during the three months to September, compared to the previous quarter. Whilst the bill has since been halted by city leader Carrie Lam, many protesters claim this move is “too little, too late”.
November 14, 2019
LittleLaw looks at… The Protests in Hong Kong
Since early June there have been protests in Hong Kong in response to a proposed bill which would allow extradition to China for crimes such as murder and rape. Extradition is the act of sending an individual back to the country or state in which a crime was committed. This is especially controversial due to the “special status” of Hong Kong which is a result of the “One Country, Two Systems” framework; a framework which gives Hong Kong an element of autonomy from China. Whilst the bill has now been formally withdrawn, it is unlikely to quell the anger of the protesters.
November 12, 2019
Breaking Up with Big Tech: US presidential hopeful announces plans for breakup
In March, US Democratic Presidential hopeful, Senator Elizabeth Warren, proposed her two-pronged plan to break up Big Tech companies: unwind pre-existing mergers deemed anticompetitive, and spin out (separate into a new independent corporation) services of large platforms that are designated as “Platform Utilities”; services with over US $25bn in revenue.
October 23, 2019
Support Not Bought: The Chinese elite’s Hong Kong dilemma
As protests in Hong Kong seem to be escalating, and Chinese troops line up on the border, a dilemma arises for the rich of Mainland China, many of whom have their money in Hong Kong.
October 22, 2019
No End to Saudi’s Dividend: Saudi Aramco announces $75bn dividend ahead of IPO
Saudi Aramco is proposing to offer a $75 billion annual dividend between 2020 and 2024 to entice investors as part of a wider strategy to secure a $2 trillion valuation for their Initial Public Offering (IPO).
October 22, 2019
Make It a Double: Dentons to create first “truly national American law firm” with dual partnership
The world’s largest law firm will partner with American outfits Bingham Greenebaum and Cohen & Grigsby, to create a national firm comprised of nearly 1,100 lawyers, capable of serving clients across 33 US markets.
October 21, 2019
Swooping into the UK Market: Alston & Bird open its first UK office
US law firm, Alston & Bird, launches its first London office.
October 14, 2019