Walkers

Hong Kong

IFLR1000 Reviews

Financial and corporate : Offshore

Walkers is a Cayman Islands-based offshore magic circle law firm that practices the laws of six jurisdictions across 10 global offices. It is one of the largest offshore law firms in Hong Kong with a 14 partner strong team.

The firm offers Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Jersey and Ireland legal advice and is known in Hong Kong for its M&A, finance, funds, regulatory and restructuring and insolvency work.

Key clients of the firm include China Yangtze Power, New World Development, ESR Cayman, Standard Chartered Bank, Cathay Pacific Airways, Ascentage Pharma Group International and PrimeCredit. 

In the research period the firm kept busy advising on IPOs, private equity, securitisation mandates, bond issues, funds work and acquisition mandates in the insurance, energy and aviation sectors.

In 2019 the firm brought in partner Nicholas Davies from Appleby but lost partners James Webb and Michael Padarin to Carey Olsen. 

Deal highlights

-Ascentage Pharma Group HKSE IPO

-Cathay Pacific HK$5 billion acquisition of Hong Kong Express

-China Yangtze Power $3.6 billion acquisition of Luz Del Sur

-ESR Cayman HKSE IPO

-New World Development $2.8 billion acquisition of FTLife Insurance 

-Sands China $1.5 billion dual-tranche (3.8%, 4.375%) bond issue