Dechert Represents eCommerce Platform Lazada on Sale to Alibaba

Dechert LLP advised Lazada, the largest eCommerce platform in Southeast Asia, on its agreement with Alibaba Group under which Alibaba will acquire a majority stake in Lazada for a total consideration of more than US$1 billion.

In their joint press release, the companies stated that the transaction will immediately make Alibaba the leading eCommerce service provider in the region by enabling the company to further assist global businesses and local merchants in accessing the Southeast Asian consumer market.

“We are pleased that we were able to assemble a seamless cross-border and cross-practice team to guide Lazada in its successful transaction with Alibaba,” said partner Federico Pappalardo head of Dechert’s Munich office. “This investment will enable the company to further expand its operations and enhance their focus on e-commerce, technology and logistics.”

Munich-based partner Federico G. Pappalardo led the global and multidisciplinary Dechert team advising Lazada. Members of the corporate team included Giovanni Russo in Munich, Kristopher Brown, Markus Bolsinger and Christian Matarese in New York and associates Dr. Armin Fary, Stephanie Kakoschke, Carina Klaes-Staudt and Dr. Karl von Rumohr in Munich as well as Michael Rosenberg and Mayan Katz in New York. Luxembourg legal advice was provided by Marc Seimetz and Jean-Louis Frognet and national partner Laura Rossi. In addition, financing advice was provided by New York partner Jay Alicandri and Munich national partner Olaf Fasshauer; antitrust and competition aspects were handled by national partner Clemens Graf York von Wartenburg and associate Michael Okkonen in Brussels; Jeremy Zucker together with associates Darshak Dholakia and Hrishikesh Hari in Washington, D.C. counseled on international trade matters; and special counsel Violetta Kokolus in New York and associate Erin Reimer in Philadelphia advised on the IP aspects.

Read the full press release, "Alibaba Acquires Controlling Stake in eCommerce Platform Lazada."

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