Herbert Smith Freehills' leading Asia TMT team has advised ecommerce unicorn Grab on an online insurance joint venture with Zhongan Insurance.

The alliance is the latest market expansion for Grab. Established in 2012 as a ride-hailing platform, it now offers food, parcel and grocery deliveries, financial services and content across eight southeast Asian countries. Grab has also signalled that it will expand into cross-border remittances and online healthcare this year.

MoFo represented Everest Medicines II Limited, an emerging markets biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products, in its exclusive collaboration and licensing arrangement with Spero Therapeutics, Inc. (Nasdaq: SPRO) to develop, manufacture and commercialize SPR206 in Greater China, South Korea and certain Southeast Asian countries. The partnership includes a 12-month exclusive option to obtain rights to SPR741 in the region.

Addleshaw Goddard's Real Estate sector team has advised Mount Anvil on a significant joint venture with Catalyst, one of London’s leading housing associations, for the regeneration of Friary Park in Acton, West London.

International law firm Clifford Chance has advised the Malaysian state pension fund the Employees Provident Fund of Malaysia (EPF) on the formation of a joint venture with Permodalan Nasional Berhad (PNB), the largest asset management firm in Malaysia, which will forward purchase and fund the development of Phase 2 of the landmark Battersea Power Station redevelopment in London.

Milbank, Tweed, Hadley & McCloy LLP advised aircraft lessor and financier Altavair AirFinance, a leader in commercial aviation finance, on its agreement to form a long-term partnership with leading global investment firm KKR & Co. Under the partnership, KKR has made a $1 billion capital commitment, primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft with Altavair over the next several years, and Altavair will be KKR’s partner for aircraft leasing investments going forward.

Hong Kong, Beijing and Shanghai – Paul Hastings, a leading global law firm, announced today that the firm advised ICBC International Investment Management Limited (“ICBC International”), the wholly-owned Hong Kong subsidiary of the Industrial and Commercial Bank of China Limited, on its formation of a partnership with Sino-Ocean Group, one of the largest real estate companies in China, for the acquisition from affiliates of Sino-Ocean of Ocean Office Park (Beijing), a Grade-A office building located in the core area of CBD, Chaoyang District, Beijing, the PRC, at a conside

Skadden advised SIGNA International Sports Holding GmbH and SIGNA Sports United GmbH in connection with the formation of a strategic partnership with Japan’s AEON Group and Thailand-based The Central Group.

Gide advises YIT Development, a subsidiary of YIT listed on the Helsinki Stock Exchange, on the conclusion of an investment agreement and a shareholders' agreement with the Wroclaw-based developer i2 Development, listed on the Warsaw Stock Exchange.