Australian banks are set for a lending boost as Prime Minister Tony Abbott champions ventures to revitalize the economy, accelerating some of the more than A$80 billion ($72 billion) of infrastructure projects.
Baker & McKenzie LLP will merge with United Arab Emirates 40-lawyer law firm Habib Al Mulla on July 1, to create Baker & McKenzie Habib Al Mulla. The firm will advise clients on local and international law in its Dubai offices and, with regulatory approval, in Abu Dhabi.
Dentons LLP, the 2,600-lawyer global law firm, and McKenna Long & Aldridge LLP, a 575-lawyer firm, will put their proposed merger to a vote of partners in the next two weeks, both firms confirmed in an e-mail.
Baker & McKenzie LLP hired a team of more than 20 lawyers, including nine partners from Ramon & Cajal in Madrid. The lawyers, led by partners Alberto Alonso Ureba and Francisco Bauza More, will join Baker & McKenzie in Madrid on Aug. 1.
Withers LLP (known as Withers Bergman LLP in the U.S.) named Ivan A. Sacks global chairman as of July 1. He succeeded Anthony Indaimo, who stepped down after serving the firm’s maximum of two terms as chairman.
Baker & McKenzie LLP’s latest outpost will open on Aug. 1 in Casablanca, Morocco, a city of 4 million people where the firm’s new lawyers will focus on corporate deals and disputes in North Africa. It will be the Baker & McKenzie’s third office in Africa and 71st globally.
Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.