Based in Shanghai, Pacific Legal focusses on providing Chinese business law services across China.
Focusses / specialisms
It is active in banking and finance and has capacity and experience in advising both international and local lenders and borrowers on a wide range of China-related financing transactions, including acquisition finance, real estate finance, bilateral and syndicated finance, and corporate lending.
Key clients
Key clients include ANZ, BNP Paribas, ING, Bank of China, China Development Bank, ICBC, Orion, Everest Infrastructure, PT Provident Capital Indonesia, PT Saratoga Investama Sedaya, Energizer Household Goods and Energizer Trading.
Research period review: 33rd edition (2022/2023)
During the research period, the team advised Health and Happiness International Holdings on obtaining a USD term loan facility from a syndicate of lenders led by HSBC, which was used to refinance its previous loans taken for the acquisitions of Swisse, an Australian nutrition brand, and Zesty Paws, a US pet nutrition brand. This is a complex re-financing deal involving many loans taken for the acquisitionsof several offshore businesses (direct and indirect) by a HK-listed company across several years.
The team is also advising WuXi AppTec (Hong Kong), a leading multinational company in pharmaceutical and medical devices, on a USD loan facility made available by a syndicate coordinated by HSBC and Standard Chartered, which is used for working capital and refinancing.
The banking and finance practice of Shanghai Pacific is led by Joy Gao. She was a banking and finance partner at Zhong Lun prior to joining Shanghai Pacific in September 2020.
Deal highlights: 33rd edition (2022/2023)
Health and Happiness International Holdings’ USD term loan facility.
Client feedback: 33rd edition (2022/2023)
Banking and finance
“Smooth execution, sound legal advice, good knowledge on loan structuring amid changing regulations.”
“Shanghai Pacific Legal was quite proactive and professional when we were negotiating the T&C with lenders' counsel. Also, Shanghai Pacific Legal is quite supportive and experienced in terms of NDRC filings.”
Lawyer feedback: 33rd edition (2022/2023)
Joy Gao
“Good knowledge on financing structure and regulations on foreign debt.”
“In our deal, Joy showed her expertise on FA negotiation, NDRC filing and SAFE filing.”
Sophia Zhang
“In our club deal, Sophia is quite professional in terms of FA negotiation, NDRC filing and SAFE filing topics. We got lots of support from SPL, including Sophia Zhang and Joy Gao.”
