International IP firm could be sold in U$300m deal
A Beijing-based international IP-focused legal services company is reportedly considering a sale with a hefty U$300 million potential price tag.
China Sinda Intellectual Property Ltd. is considering options for its sale to investors which could include a private equity firm, according to a Bloomberg report. The current owner is expected to retain a stake if a sale does proceed.
Citing unnamed sources, the article says that the firm of around 200 lawyers which also has offices in Washington DC, Tokyo, Singapore, Munich, and Hong Kong, has not made any decision – or comment – on a potential sale.
Director of HSF’s ALT business wins coveted Harvard scholarship
The director of Herbert Smith Freehills’ Alternative Legal Services business in Australia has won a scholarship to study Disruptive Innovation with the Harvard Business School.
Hilary Goodier, who also leads ALT’s global technology practice, is one of only two women to receive the scholarship and says that it’s an honour and reflects what the firm is doing in the innovation space.
“We are doing some really exciting things at Herbert Smith Freehills and we are constantly exploring ways to innovate our service offerings,” she said. “Attending Harvard as a CEW Scholar and learning from leading disruptors across a diverse range of industries is an amazing opportunity and is going to really test my thinking and help me push the boundaries of law and innovation.”
Red Bull faces Canadian class action over performance claims
Global energy drinks brand Red Bull is facing a class action over its performance claims.
But the Canadian lawsuit is nothing to do with shareholders and financial performance, but the claims made about the ability of the eponymous energy drink to boost the performance of its consumers.
Law firm LPC Advocates is handling the case in which the plaintiff alleges that Red Bull violated two sections of Quebec’s Consumer Protection Act by not informing consumers of the inherent risk of consuming caffeinated energy drinks and stating that the drink’s claim that it can improve concentration and alertness was “scientific”.
Consumers who submit a valid claim by 5pm ET on October 14, 2019 could each receive a maximum C$10 under the terms of a Proposed Settlement.