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Baker & McKenzie Advises MCH Group On Its Acquisition Of Asian Art Fairs Limited.

5 November, 2014

 

Baker & McKenzie recently advised MCH Messe Schweiz (Basel) AG (MCH Swiss Exhibition (Basel) Ltd.), a company belonging to the MCH Group AG/Ltd., on the acquisition of the remaining 40% of the shares in Asian Art Fairs Limited in Hong Kong.  MCH Group had acquired 60% of the shares in Asian Art Fairs Limited in July 2011 and utilised its option to acquire the balance 40% in 2014.

 

The multi-jurisdictional Baker & McKenzie team was led by  corporate and compliance partner Philippe Reich and supported by corporate partner Michael Horman.

 

Asian Art Fairs Limited launched ART HK – Hong Kong International Art Fair in 2008. Following the acquisition of the majority shares in Asian Art Fairs Limited by MCH Group in 2011, the show has been developed into Art Basel’s platform in Asia, running alongside Art Basel’s shows in Basel and Miami Beach. The first edition of Art Basel in Hong Kong took place in 2013. 

 

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