Baker & McKenzie Advises eBay on its Acquisition of a Stake in PeaceSoft, a Vietnamese e-Commerce
20 April 2011
Ho Chi Minh City, Vietnam, 20 April, 2011 – Baker & McKenzie recently advised eBay, the world's leading e-commerce company and the world's largest online marketplace, on its acquisition of an approximately 20 percent stake in PeaceSoft, a Vietnamese e-commerce company.
The investment provides eBay with a strategic opportunity to participate in Vietnam’s rapidly growing e-commerce market, while giving greater access to Vietnam-based users to eBay’s global platform.
In 2008, eBay and PeaceSoft set up a partnership for Peacesoft to operate a co-branded online marketplace site (www.chodientu.com
) with eBay's support.
The multi-disciplinary Baker & McKenzie team was led by Ho Chi Minh City-based M&A partner, Seck YeeChung, and Hanoi-based special counsel, Simon Taylor, as well as by a team of lawyers across a number of areas of law, including corporate, regulatory, securities, competition, finance and tax.