BEIJING, February 5, 2021— Proskauer, a leading international law firm, has been named to China Business Law Journal’s “Deals of the Year 2020” list. The list highlights outstanding China-related deals and cases in 2020, applauding remarkable legal efforts.
Proskauer’s recognition on the list stemmed from the Firm’s unprecedented work on a share swap deal between Grifols and Shanghai RAAS. Proskauer worked with Osborne Clarke and represented Barcelona-based client Grifols S.A. (NASDAQ: GRFS) in its entry into a strategic alliance with China’s leading blood plasma company, Shanghai RAAS Blood Products Co Ltd (002252.SZ). Osborne Clarke was also recognized for their role in the deal. Grifols exchanged a minority interest (45% economic rights and 40% voting rights) in its U.S. subsidiary Grifols Diagnostic Solutions (“GDS”) for a 26.2% interest in Shanghai RAAS. In addition, the parties entered into a number of commercial arrangements for the manufacture, marketing and development of plasma products and transfusion diagnostic solutions in the Chinese market in compliance with international quality and safety standards.
The Proskauer team included Daniel Ganitsky, Peter Samuels, Kunal Dogra (Mergers and Acquisitions), and Yuval Tal (Corporate), as well as Stuart Rosow and Martin Hamilton (Tax).
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We are 725+ lawyers serving clients from 12 offices located in the leading financial and business centers in the Americas, Europe and Asia. The world’s leading organizations, companies and corporations choose us to be their representatives in their most critical situations. But more, they consider Proskauer a strategic partner to drive their business forward. We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining companies.