Leading international law firm Mayer Brown (which is in association with JSM in Asia) has recently advised Beijing Automotive Industry Holding Co Ltd (BAIC) on an asset deal with Saab in which BAIC acquired certain intellectual property rights, technology and equipment related to Saab's 9-3 and 9-5 platforms. The SAAB technology and know-how will be incorporated into BAIC's own-branded vehicles going forward.
The team was led by Mark Uhrynuk, Jeckle Chiu and Julie Zhang in Asia, Stephan Gitterman and Ulrich Worm in Europe, and Paul Crimmins in the US.
Mark Uhrynuk, lead partner on this transaction, said:"Our representation of BAIC in relation to the SAAB transaction is a perfect example of the strength of Mayer Brown's global platform and our commitment to working efficiently across practices and continents. This was a challenging but exciting deal and we are very proud of the fact that we were able to assist BAIC in completing a groundbreaking transaction which will provide BAIC an enhanced technological platform and has laid the groundwork for continuing cooperation between BAIC and SAAB."
Earlier in the year, Mayer Brown also advised BAIC in connection with its €660 million bid to acquire a 51 per cent stake in General Motors’ European Opel unit, Adam Opel GmbH. State-owned Beijing Automotive Industry Holding Co. (BAIC) is the holding company of Chinese automobile and machine manufacturer Beijing Automotive Import & Export Corporation.