CHSH has advised Samsung SDI Co. Ltd in association with Allen & Overy on the acquisition of Austria-based Magna Steyr Battery Systems
CHSH has advised Samsung SDI Co. Ltd in association with Allen & Overy on the acquisition of Austria based Magna Steyr Battery Systems GmbH & Co OG Samsung SDI Co. Ltd – a subsidiary of the South Korean technology group Samsung and well-known in the market as a global leader in energy solutions and electronics as well as battery technology – has acquired Magna Steyr Systems GmbH & Co OG.
And legal growth in Africa continues to flourish. Expanding on last year’s entry of a number of prominent global firms, this week Eversheds and Norton Rose Fulbright amplified their reach in Africa by signing strategic alliances in South Africa, and Uganda and Zimbabwe.
The British packaging producer DS Smith has proposed to acquire Duropack, a Central European packaging group headquartered in Vienna, for around EUR 300 mn from the investor One Equity Partners (OEP). International law firm WOLF THEISS has advised the buy-side as local counsel in all aspects of the legal due diligence and in all aspects of the transaction under Austrian, Croatian, Bosnian, Bulgarian, Serbian and Macedonian law.
While a number of high-profile law firms have made recent inroads into the African legal market, including Allen & Overy and Chadbourne & Parke in the last few months alone, the perception among African lawyers is that global firms do not fully comprehend the realities of doing business in their country.