Hong Kong SAR

IFLR1000 Reviews

Financial and corporate
Baker McKenzie

Established in 1974, international law firm Baker McKenzie’s Hong Kong office boasts a team of over 150 lawyers under the leadership of managing partner Steven Sieker.

 

Focusses / specialisms 

The firm’s Hong Kong office is best known for its real estate funds work and also boasts strong retail funds, M&A, restructuring and insolvency, and banking and finance offerings.

The banking team advises on a range of financing matters such as project finance, acquisition finance, syndicated loans, and export credit finance. The capital markets team is experienced in advising clients such as issuers and underwriters across a gamut of debt and equity offerings. The private equity team is active in sectors such as healthcare, technology and telecommunication, energy, retail, industrials and manufacturing, and consumer products.

 

Key clients  

Notable clients include Tencent, Gaw Capital Partners, Abu Dhabi Retirement Pensions & Benefits Fund, Canada Pension Plan Investment Board, HSBC, Manulife Asset Management, Credit Suisse, and Standard Chartered Bank.

Charltons

Charltons is a Hong Kong-based boutique providing legal services to Hong Kong, Chinese and international clients with an emphasis on the mining sector. The firm has further offices in Shanghai, Beijing, and Yangon.

 

Focusses / specialisms 

The firm provides legal advice to its clients in corporate finance, capital markets, M&A, financial regulatory and private equity, investment funds, restructuring and insolvency matters.

 

Key clients 

Key clients of the firm include Beevour Ventures, Amoeba Capital Advisors, Alliance Capital Partners, Velotrade Management, 10T Tech Holdings, and Wing On Company International.

 

Research period review: 32nd edition (2021/2022)  

In the research period, the firm kept busy with regulatory work, conventional lending mandates, microfinance, corporate bonds, debt restructuring, Hong Kong IPOs and listings on GEM, capital raisings, share issues and acquisitions, Cayman mutual funds, US feeder funds, SPC funds, SFC authorised funds, biotech funds, and cryptocurrency funds.

The corporate team handled investments, acquisitions, disposals, due diligence, joint ventures, and sales, while the restructuring and insolvency practice advised on corporate restructuring mandates of bookshops, battery businesses, and aluminium producers.

  

Deal highlights: 32nd edition (2021/2022) 

Uber International Holding HK$285 million acquisition of HKTaxi App

Gold Peak Industries restructuring

 

Client Feedback: 32nd edition (2021/2022) 

Financial services regulatory

"Excellent knowledge of all aspects and requirements in respect of listing procedures and capital markets in general. Good market connections. Timely delivery of advice and recommendations. Skilful team."

"The firm is boutique-sized with commensurate headcount, yet they are able to consistently deliver work on time and with a high degree of detail and accuracy - even in instances where the firm was not involved in portions of discussions/meetings that are the subject of their work. Impressive knowledge and focus and recommendations on crucial points and issues. "

 

M&A

"Excellent guidance in conducting due diligence works and liaison with other professional bodies."

 

Calvin Ho

"Meeting deadlines; accessibility; attention to detail; ability to manage and coordinate large groups of participants in meetings and discussions; legal advice based on commercial principles and common sense; strong grasp of details and issues."

 

Julia Charlton

"Vast experience and high professional knowledge. Good connections and knowledge of the market. Responsiveness and accessibility."

"Sincere, trustworthy and responsible."

Clifford Chance

London-based magic circle law firm, Clifford Chance has 34 offices across 23 countries. The Hong Kong office has more than 150 lawyers serving clients in Greater China. The firm also operates in its Beijing and Shanghai offices. 

 

Focusses / specialisms 

The firm is focused on banking and finance, capital markets, restructuring and insolvency, financial services regulatory and M&A. 

Industry strengths for the firm include work in the oil and gas industry, technology media and telecommunications and transport. 

The firm has more than 25 lawyers focused on restructuring and insolvency work across Asia-Pacific. The team advises private equity investors and international banks on insolvency issues. 

 

Key clients 

Key clients of the firm include Bank of China, China Development Bank, Citi, Deutsche Bank, HSBC, UBS, MBK, State Grid Corporation of China, State Power Investment, Invesco, China Post Life, Dongfeng Motor Group, China Huarong Asset Management and Pfizer.  

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

"Clifford Chance's banking team is the premier team in Hong Kong. Their legal and technical knowledge, focus, attention to detail and client service are second to none. I recommend them highly.” 

 

Capital markets 

“Clifford Chance is among the most business-driven law firms across the street. During the execution process, issues can be all sorts and all over the place. To interpret and push for solutions from a legal perspective is not difficult we can always prepare for the worst, but to find a solution that is practical, commercial and easier is execute, yet legally sound, is a rare quality to find. This comes from years of experience knowing where the boundaries are, rather than just by the book.” 

Commerce & Finance Law Offices in Association with Eric Chow & Co.

Commerce & Finance Law Offices in Association with Eric Chow & Co is a corporate and commercial law firm in Hong Kong providing legal services to Hong Kong, Chinese and international clients. The firm is associated with Commerce & Finance in PRC China, which has offices in Shanghai, Hangzhou, Chengdu, Shenzhen, Wuhan and Hong Kong with over 700 lawyers and legal professionals.

 

Focusses / specialisms 

The firm provides legal services to its clients in corporate finance, capital markets, private equity, merger and acquisitions, banking and finance, restructuring, and compliance matters in connection with the Hong Kong listing rules.

 

Key clients 

Key clients of the firm include China Everbright Capital, CCB International Capital, BOCOM International (Asia), Inner Mongolia Fuyuan International Industrial, COSCO SHIPPING Holdings,Edvantage Group Holdings, and China Securities (International) Corporate Finance Company.

 

Research period review: 32nd edition (2021/2022)  

The firm has been active in capital markets, M&A, financial investment, and restructuring work during the research cycle.

In capital markets, the firm worked closely with their PRC offices in IPO transactions, equity and debt transactions, high yield bonds, and secondary offerings advising both issuers and underwriters.

The corporate team of the firm provided legal services on divestment, public acquisition, financial investment, and VIE structures related matters regarding the latest development in regulatory regimes in PRC.

 

Deal highlights: 32nd edition (2021/2022) 

E-Star Commercial Management Company $105 million HKSE IPO

Inner Mongolia Fuyuan International Industrial and China Modern Dairy Holdings Rmb3.48 billion merger

Edvantage Group Holdings $117.5 million acquisition of Sichuan New Concept Education Investment and Chengdu Yude Logistics Management

 

Client Feedback: 32nd edition (2021/2022) 

Capital Market: Equity

"I think they are professional in their work attitude and quality. They are helpful in offering constructive advice and were able to deliver work efficiently and in a timely manner. They are well-experienced in the industry and have an excellent track record. It was a pleasurable experience to work with them. "

"They are helpful throughout the transfer listing process and demonstrated knowledge in the area of corporate finance and good communication skills with the HKEX."

 

Winnie Tang

"Winnie has a friendly personality and is very capable. She is willing to attend to client's needs and takes the initiative to propose solutions to when issues arise. She is able to solve problems quickly and effectively, and can cope with pressure easily. I look forward to working with Winnie again. "

 

Brandon Chow

"Attention to detail and skillful in communicating with regulators."

Gallant

Gallant is an independent Hong Kong firm established in 1977, with over 40 solicitors and further representative offices in Shanghai and Guangzhou. It is also a member of Meritas, a global alliance consisting of 181 independent law firms.

 

Focusses / specialisms

The firm offers legal services in commercial, corporate, and property-related matters, including banking and finance, M&A, joint ventures, project finance, and Hong Kong IPOs.

 

Key clients

The firm serves a wide spectrum of corporates from banking and financial institutions and quasi-governmental clients to individual clients. It is also the annual retainer law firm of many listed companies, financial institutions, insurance corporations, and trust companies in Hong Kong, Macau, the PRC and Japan. Key clients of the firm include Ping An Bank.

 

Research period review: 32nd edition (2021/2022)   

During the research period, the firm has been busy in banking and finance, and in the M&A space.

The firm’s banking work was primarily corporate finance, predominantly financing and refinancing transactions through conventional lending mandates such as term loans where its clients were mainly facility agents, security agents, and lenders.

The M&A team has been active in financial investment, divestment, joint ventures, acquisitions, project finance as well as privatisation in Hong Kong and providing them with the relevant commercial advisory and compliance support for acquirers, sellers, joint venture partners, and investors.

 

Deal highlights: 32nd edition (2021/2022)   

Liu Chong Hing Investment $70 million real estate acquisition

 

Client Feedback: 32nd edition (2021/2022)      

Banking & Finance

"The team is always responsive to our queries."

 

M&A

"They are very hands on and we as a client do not have any concerns when working with Gallant. "

 

Project Development

"I am extremely pleased with the services and expertise provided by the firm. The work delivered is consistently of the highest possible and professional standard. The team provides highly efficient services and is always able to accommodate our company’s specific business needs. Apart from advising us from a legal perspective, the firm is always willing to go further in exploring pragmatic solutions and ways of coming to terms with our business counterparts."

 

Angela Lau

"Reliable and responsive."

"She delivers requested information and documents on time and she provides professional comments and suggestions to the client. "

 

Claudia Kwok

"She is very responsive, efficient and meticulous."

Hauzen

Hauzen is an independent Hong Kong firm formed in 2017 and focused on financial services regulations. It has an association with the Chinese Anjie Law Firm, which specialises in insurance law, competition law, intellectual property, litigation, and corporate law. The association is giving the firm reach to Mainland China including Beijing, Shanghai, and Shenzhen.

 

Focusses / specialisms

The firm specialises in financial services regulatory advice, and restructuring/rescues of distressed public companies. It handles both contentious and non-contentious aspects of financial services regulation and restructurings.

In capital markets, the firm has a strong presence in the equity area often advising a mix of underwriters and issuers on IPOs on the SIX Swiss Exchange. It advises Swiss public companies on various capital raising issues and public offerings. The firm has notable underwriter counsel experiences across equity transactions.

The firm also provides legal advice on fintech and cryptocurrency regulation. It has advised on over 50 fintech transactions and disputes since 2014.

 

Key clients

The firm is a specialist law firm that advises clients in the Hong Kong financial markets

 

Research period review: 32nd edition (2021/2022) 

During the research period, the firm has been active in providing financial services and regulatory advice to its clients in Hong Kong, China, Singapore, the United States, Poland, and the Cayman Islands.

The firm also represented clients from Hong Kong, China, and overseas in fund formation, acquisition finance, and financial restructuring-related matters.

Partner Nigel Binnersley who specialised in commercial and corporate dispute resolution joined the firm from Swartz, Binnerslet & Associates on 8 November 2021.

Latham & Watkins

Established in California in 1934, Latham & Watkins is an international firm with 2700 lawyers across 29 offices in the United States, Europe, the Middle East and Asia. The firm’s office in Hong Kong leverages off its Asia network of offices in Beijing, Shanghai, Seoul, Singapore and Tokyo.  

Focusses / specialisms

Latham & Watkins traditional strength in Hong Kong is in M&A and capital markets, but in recent times, it has made its presence felt in regional private equity, restructuring and insolvency, regulatory and leveraged finance, where it has a unique practice that acts for lenders, sponsors and borrowers.  

Key clients

Key clients of the firm include Zhengzhou Zhongrui Industrial Group, China National Chemical Corporation, ESR Cayman, Bank of America, Vipshop Holdings, Huachen Energy and China Life Insurance (Overseas) Company.

Research period review: 30th edition (2019/2020)

The firm’s capital markets team kept busy advising on Hong Kong and US IPOs, high-yield bond issuance, corporate and convertible bonds and programme updates. 

In finance the firm acted in a range of conventional finance mandates, lender and sponsor leveraged finance, margin financing and bridge loans. 

The corporate team were busy with take-private mandates, investments, mergers, joint ventures, spin-offs, and acquisitions in the transport, automotive, telecommunications, data centres, healthcare, technology, pharmaceuticals, and food and beverage industries. 

The private equity team assisted clients in various rounds of funding while the regulatory team handled a host of contentious and non-contentious mandates. 

In restructuring and insolvency, the firm acted for bondholders and advised in financial restructuring mandates alongside other matters in energy, mining and medical industries. 

The firm’s corporate team was hit with the departure of its Beijing office managing partner Yilong Du to private equity firm Warburg Pincus. 

Deal highlights: 30th edition (2019/2020)

-China Biologic Products Holdings $4.6 billion take-private

-China National Chemical Corporation $2.5 billion multiple-tranche (3.125%, 3.375%, 3.875%, 4.75%) bond issue 

-Chongqing Sincere Yuanchuang Industrial $230 million 10% high-yield bond issue 

-DouYu International Holdings NYSE IPO

-ESR Cayman HKSE IPO

-Ruangguru $150 million series C financing 

-Shanghai Huaxin insolvency

-Tencent Asset Management $6.5 billion term loan and revolving credit facility 

-Vipshop Holdings Rmb3.4 billion acquisition of Shan Shan Commercial Group 

LC Lawyers

LC Lawyers is an independent Hong Kong law firm and a member firm of EY Law, the legal services arm of rebranded accounting firm Ernst & Young. The EY Law network has more than 3,400 legal professionals providing legal services in 94 jurisdictions around the world.

 

Focusses / specialisms

The firm’s core practices are in the equity capital markets, M&A, restructuring, and insolvency.

The firm also offers dispute resolution for clients in Greater China and across the world.

 

Key clients

Key clients of the firm include Ample Capital, Asia Allied Infrastructure Holdings, Bisu Technology Group, China Renewable Energy Investment, HKC (Holdings), Red Sun Capital, and Windmill Group.

 

Research period review: 32nd edition (2021/2022)   

Over the research period, the firm kept busy with HK IPO, block trade, and share offering work.

The firm’s corporate team focuses on divestments, real-estate acquisitions, privatisation, joint ventures, and insolvency.

 

Deal highlights: 32nd edition (2021/2022)    

Li Ning Company $1.34 billion top-up placing and subscription of new shares

HKC (Holdings) $151 million privatisation

Yue Kan Holdings $16 million HKSE IPO

Fullshare Holdings $680 million divestment in Nanjing High-Speed Gear Manufacturing

 

Client Feedback: 32nd edition (2022/2023)  

Capital Market: Equity

"LC Lawyers and, in particular, their managing partner, Rossana Chu, is able to provide legal advice in complicated issues based on recent trends of regulatory requiremenst in the market and her extensive experience combined with solid skills and knowledge."

 

M&A

"Knowledgeable and quick response."

 

Rossana Chu

"Rossana Chu, partner of LC Lawyers is undoubtedly a seasoned and experienced legal practitioner with plenty of skills to offer. From mega M&A and corporate finance deals to ad hoc specific advice in relation to some SFC rules, she has consistently demonstrated in-depth knowledge of the letter of the law, whilst the commercial practicality and usefulness of the advice is never compromised. Her understanding of Chinese institutions, culture and the complexity involved is unrivalled, including deals and transactions with cross-border elements. Her responsiveness to questions has been impressive even during unsociable hours. Overall, you will get what you want at a very reasonable price and in a timely manner."

"Rossana is always able to provide innovative advice on complicated issues and structures. She has excellent and solid skills and knowledge with extensive experience in the capital market in Hong Kong. She is also good at communicating and dealing with the regulatory authorities."

 

Ricky Ho

"Knowledgeable and fast response."

Mayer Brown

Mayer Brown is a large international law firm with offices in 27 cities across the Americas, Asia, Europe and the Middle East. It has been serving its clients in China since the 1990s with offices in Beijing, Shanghai and Hong Kong where it has over 200 lawyers.

 

Focusses / specialisms 

The firm is best known in Hong Kong and China for its restructuring and insolvency, projects, banking, and debt capital markets practice.

The corporate restructuring team is active in cross-border restructurings and insolvency, such as bond restructurings, scheme of arrangement, trust asset claims adjudication, and credit distress act.

The firm is best known in its debt capital market practice where its high-yield practice is active in representing trustees on bond issuances.  It also has a strong financial regulatory practice.

 

Key clients 

Key clients of the firm include ANZ, Macquarie Bank, China Development Bank, Credit Suisse, Cathay Pacific, Kerry Properties, Hang Seng Bank, HSBC, and UBS.

 

Research period review: 32nd edition (2021/2022)    

During the research period, the firm kept busy with capital market transactions and was often active in the debt and high-yield markets including convertible bond/note programmes, guarantee notes, sustainability bonds, and high-yield bond/note issues for clients from jurisdictions such as China, Hong Kong, Mongolia, Singapore, Indonesia, and Vietnam.

The firm’s restructuring and insolvency practice was primarily focused on cross-border restructuring acting for creditors, issuers, debtors, insolvency practitioners, and corporate trustees.

In the M&A area, the firm was particularly active in acquisition with industry specialties in banks, chemicals, real estate, education, and aviation, shipping and transportation. 

The firm’s project finance team was also involved in energy and infrastructure, oil & gas and utilities projects and acted mainly for lenders, investors, and developers. 

The firm has strengthened its capital market practice with four new partners including Bonnie Yung and Jason Wang from LC Lawyers, Guiping Lu, and Philip Hyde from K&L Gates.

The regulatory team added three new partners including Wilson Fung promoted internally and Paul Moloney hired from Eversheds Sutherland.

In the M&A area, partner Joanne Du joined the firm from Baker Botts. Restructuring partner Tom Pugh and securitisation partner Ben Sandstad left the firm in 2021.

 

Deal highlights: 32nd edition (2021/2022)    

Mongolian Mortgage Corporation HFC and MIK Holding $250 million new 8.85% senior notes issue

Huabao International Holdings HK$ 2.16 billion HKSE top-up placements

Genting Hong Kong $3.5 billion debt restructuring

Jeanswest $1.5 billion restructuring

Zhaoheng Hydropower HK$1 billion insolvency

 

Client Feedback: 32nd edition (2021/2022)     

Banking & finance

"Commercial reality coupled with its exceptional knowledge of local laws. "

 

Capital markets: Debt

"Mayer Brown has a very professional capital markets team with good insight and expertise. "

 

Capital markets: High yield

"Good HY knowledge and technical support."

 

Financial services regulatory

"The firm provides practical advice in a timely manner and within a reasonable budget. There are experts of different areas of law in the firm who contribute to an all-rounded and clear advice. "

 

Financial restructuring

"The firm showed incredible dedication in getting the deal done for their client. We worked primarily with Ashley Chan who was brilliant under pressure."

"You get what you pay for: professional services from the elite. Apart from giving first-class legal advice, the firm excels at finding solutions for their clients. I would wholeheartedly recommend it to anyone."

 

Insolvency

"Prompt, and provides clear, concise and practical advice."

"Renders practical, commercial and prompt advice. "

"Practical, commercial, prompt, in-depth understanding of issues."

 

M&A

"Always finds the commercial options."

"hands-on, knowledgeable, strong communicators, givers of practical and actionable advice."

"The firm understands our business goals and offers insight into how to safely and expeditiously achieve them. They are responsive, proactive and supportive. "

"The firm is a great partner of their clients! I have worked extensively with Mark and Hsuen, who are detail-oriented but are still able to keep an eye on the bigger picture. They are prompt and provide practical advice. Duncan of course is outstanding in his area of expertise, our go-to lawyer for all employment law related matters. "

 

Private equity

"This is my go-to firm for any M&A and private equity work. They are responsive, commercial and ferociously protect their client."

 

Project Development

"The firm is solution-focused and is particularly experienced at considering issues on both sides of the table."

 

Project finance

"High efficiency, well coached and coordination ability."

"Coach, negotiate, high efficiency."

 

Ashley Chan

"She is dedicated to getting the deal done and very personable, even under extreme pressure."

"Prompt and provides clear advice."

"Ashley is prompt and commercial in her advice. "

 

David Harrison

"He is an exceptional lawyer, his local expertise is unmatched. Not only is he a lawyer but a valued adviser that gets deals done. "

 

Guiping Lu

"Easily accessible, solid legal expertise and willing to work closely with issuer or banks to resolve difficult issues."

"Very experienced in offshore debt and equity capital markets, very up to date with latest developments in the regulatory environment as well as market trends. Guiping is also very client friendly and provides tailor made advice."

 

Hallam Chow

"High efficiency, well coached and coordination ability."

"High efficiency, willing to share, positive to find solution."

 

Hsuen Chan

"Very through and hardworking."

 

John M. Marsden

"Has great initiative, holistic and in-depth understanding of issues, renders prompt and practical advice."

 

Jenny W. Y. Yu

"She is always quick in response. Her advice is practical and she provide businesses with clear direction and solutions to tackle issues. She is a trusted adviser. "

 

Mark Uhrynuk

"Always ready and prepared with creative ideas."

"He has guided our business through different phases of growth and has been a trusted adviser at each step. The depth and breadth of his international deal-making experience is unmatched and provides us with the solid counsel we need to ensure we are moving in the right direction."

 

Steven Tran

"Extremely knowledgeable, proactive, responsive and commercial."

"He is quite simply the best private equity lawyer in Hong Kong. He is hands-on, commercial and immensely knowledgeable about all aspects of M&A and private equity work. His client relationship management is second to none - I never feel neglected or 'out of the loop' on any of his deals."

 

Tow Lu Lim

"Apart from being an expert in insurance law and regulations, he is very attentive to clients' needs and he excels at finding pragmatic solutions."

Seyfarth Shaw

Seyfarth Shaw was founded in Chicago and has established offices in Shanghai and Hong Kong. The firm provides multi-jurisdictional and cross-border legal advice on employment law, corporate and commercial, transactions, and projects to clients including large corporations, investment banks, investment advisors, broker-dealers, private equity funds, and institutional investors.

 

Focusses / specialisms

The firm’s strength lies in M&A and equity capital markets.

In equity capital markets, the team acts for issuers in IPOs. The firm also acts for acquirers and investors in restructurings.

 

Key clients

Key clients of the firm’s Hong Kong and China offices include Strix, Scholle, Intco, Tory Burch, and NCD Investment Holding.

 

Research period review: 32nd edition (2021/2022)    

During the research period, the firm has acted for acquirers and investors in industrials and manufacturing areas in relation to restructuring regarding the Hong Kong law implications.

Lawyer Pui Hong (P.H.) Chik joined the firm’s equity capital markets practice as a consultant in 2021.

Skadden Arps Slate Meagher & Flom

Formed in 1948, Skadden Arps Slate Meagher & Flom is a New York-based international law firm with 1,700 lawyers across 22 offices. The firm serves its clients’ Greater China interests from its offices in Hong Kong, Shanghai and Beijing, with more than 70 lawyers.  

The firm offers US, Hong Kong and UK law advice from its Hong Kong office.  

 

Focusses / specialisms  

The firm’s Hong Kong and China office is highly regarded for its equity capital markets, high-end M&A and private equity works. It is also recognised for its debt capital markets, high yield, private equity funds, project finance and banking practices 

 

Key clients 

Key clients of the firm include Autohome, ATRenew, Baidu, Bairong, Bilibili, BeiGene, Weibo, ByteDance, Grab Holdings, Sogou, L’Occitane International, E-House, Sunshine 100 China and Trip.com. 

Stephenson Harwood

Stephenson Harwood is a London-headquartered law firm with nine offices across Asia, Europe, and the Middle East. The firm has offices in Shanghai, Hong Kong and an association—with PRC law firm Wei Tu—in Guangzhou catering to its clients’ interests involving Greater China.

 

Focusses / specialisms 

The firm’s Hong Kong office offers multi-lingual English and Hong Kong law advice, especially in regulatory, banking and funds matters, projects, infrastructure, real estate, and restructuring and insolvency mandates since 1979.

 

Key clients 

Key clients of the firm include China Development Bank, Bank of China, PricewaterhouseCoopers, Eurofins Scientific, PwC, and Madison Pacific.

 

Research period review: 32nd edition (2021/2022)    

During the research period, the firm advised various financing mandates such as asset finance, syndicated lending, structured finance, fintech, secured and unsecured lending, and trade finance often acting for lenders, borrowers, arrangers, and facility agents.

The M&A team kept busy in public and private acquisition, joint ventures, and divestments and mainly advised acquirers, sellers, joint venture partners, and investors across different regions such as Hong Kong, China, Singapore, the United States, Indonesia, Sweden, and the British Virgin Islands.

The restructuring and insolvency team was active in a range of mandates advising on provisional liquidations and insolvencies acting mainly for liquidators.

Corporate and M&A partner Paul Westover has relocated to Thailand.

 

Deal highlights: 32nd edition (2021/2022)   

China Merchants Bank Rmb$12 billion PRC on-shore guarantee and on-shore loans

Unitas Group Company HK$1.182 billion financing through secured term loan facilities

Eurofins Product Testing LUX Holding Sarl $159 million acquisition of the Modern Testing Services (MTS) Group

Shanghai Huaxin Group HK$30 billion insolvency proceedings

 

Client Feedback: 32nd edition (2021/2022)    

Banking and finance

"Very professional, detail-oriented with timely completion."

"They are very positive and they know clients well."

"Very helpful and responsive; good quality work for a reasonable cost."

 

Financial services regulatory

"Very responsive and has dedicated experience in financial industry."

"Well-balanced with commercial sense."

 

Investment funds

"Good attention to detail, thorough approach; exceptional value for money."

"Its partners are professional and maintain communication with clients on the latest industry updates from a legal professional point of view. The advice and opinions are timely and relevant. "

"Familiar with the Hong Kong regulatory environment and has good network with Cayman legal counsels."

 

Insolvency

"Boutique with a global presence. Practical, refined and commercial."

"Technically sound and competent."

"The firm is highly responsive, detail-oriented and pragmatic in their approach (in particular dealing with senior management)."

"They are responsive and their fees are reasonable."

"They are very commercial and easy to work with. Responsive and provide practical advice. The lawyers in the firm are very approachable. Most importantly, their charges are very reasonable with such a high quality of professional service."

"Timely and constructive advice."

"We have built a long relationship with the firm and they have always been a very reliable adviser. Given their knowledge of local market and language capabilities, it was particularly helpful in handling such a high profile local case in HK. Their team is very commercial minded and worked in a flexible time to meet the urgent deadline, which played a very important role in this engagement.

"I find the firm good value for money. They have a select group of legal professionals dedicated to assisting clients, and are client focused."

"Proactive. Good research."

 

M&A

"Its counsellors are meticulous and conscientious. They do well in listing-related matters."

"They have depth in technical expertise and with good resources on tap."

 

Private equity

"Friendly, helpful, responsive and meticulous."

"Very efficient with fast communication, patient explanation to client with little law background, and very good quality since I tried to find another law firm to do the same job, but they could not handle it in time."

 

Restructuring

"I have found the firm to be good value for money. They are able to deliver the work quickly and efficiently, and within budget."

 

Anthony Wong

"Detail-oriented, provides professional advice."

 

Alexander Tang

"Good at understanding the client's needs and problems. Able to deliver practical solutions. "

"He is very technical and detail-oriented. He can always think ahead and mitigate risk going forward."

"Very commercial and approachable."

"Friendly, willing to listen and prompt response."

"He is very experienced and delivers practical solutions to clients."

"We are very happy with his advice and service overall. He would go extra mile to remind us on matters that we have no time to think about. He is very attentive and committed throughout the engagement."

"Attention to detail and ability to deliver his advice and services to clients in a cost-effective manner."

"Understands client's needs."

 

Eloise Matsui

"Practical and commercial."

 

Ivan Ng

"Very smart, practical advice, manages difficult client very well, thinks outside the box."

 

Jamie Stranger

"Strong dealing with senior management and pragmatic approach to problem-solving."

 

Jane Ng

"She is professional, technically able and personable."

"She is technically able, professional and personable."

 

Karen Cheng

"Responsive, efficient and kind."

 

Katherine Liu

"Responsiveness."

"Responsive, professional. "

"Very helpful and responsive to questions; acted as a good coordinator between various departments within the firm."

 

Michelle Chung

"All-round legal knowledge."

"Very responsive and she knows the law inside out. Pricing is very reasonable."

"She is very patient to listen to feedback and explain terms for me, good communication, very efficient and punctual to deliver her work, even solving my problems beyond working hours. Good communication skills. Good judgement. Analytical skills. Research skills. People skills. Perseverance. Creativity. Everything you want in a lawyer."

 

Penelope Shen

"Penelope is dedicated and responsive. She demonstrates a great willingness and aptitude to understand the business in all its subtleties. We can rely on Penelope and her team to understand the complexities of the transaction and also give good, considered advice."

"She is highly knowledgeable in legal and regulatory-related perspectives and issues by having an insatiable open mind in learning new things to contribute and share with clients from time to time for the benefit of both the clients and her firm, which is particularly important for an ever-changing landscape in the hedge fund industry with compliance issues from multiple fronts with different jurisdictions. She also maintains efficient and effective communication flows with clients in a timely and friendly manner. Most importantly, she proposes relevant and practical solutions tailored to clients, literally the most value-added element in the business relationship, which makes the best value for money . "

"Friendly, knowledgeable and responsive."

"Providing solutions but not complications in a timely manner. "

"She is the handling partner of our matter. I must say that we have had nothing but exceptionally fine dealings with her in this matter. She has given a solid and various introduction to fund establishment in the Cayman Islands and Hong Kong jurisdictions and has let us to decide which is the most appropriate products for our management's selection. "

"She is familiar with our firm and our products. "

Timothy Loh

Timothy Loh is an independent Hong Kong law firm established in 2004 which focuses on corporate law and litigationadvising multinational companies, family offices, asset managers, and financial institutions in matters of Hong Kong and international law.

 

Focusses / specialisms 

The firm is strongest in the financial regulatory services and investment funds area but also undertakes mandates in M&A and private equity.

 

Key clients 

Key clients of the firm include GTCR and Reverence Capital Partners.

 

Research period review: 32nd edition (2021/2022)     

During the research period, the firm has provided legal advice concerning Hong Kong regulatory issues in acquisitions, investment-linked assurance schemes, investment exists, and secondaries mainly for financial institutions in the United States and Hong Kong.

The investment funds team kept busy advising clients in the formation of private equity funds.

The corporate and M&A team was active in offering support in asset acquisition and private acquisition advising mainly acquirers and sellers. 

 

Deal highlights: 32nd edition (2021/2022)    

GTCR and Reverence Capital Partners $2.1 billion acquisition of Wells Fargo Asset Management

Withers

Withersworldwide is an international law firm headquartered in London with offices in the United States, Europe, Asia and the Caribbean. It has been established in Hong Kong since 2008 offering tax and wealth planning, trust, family law, charity, and corporate advice. 

 

Focusses / specialisms 

The firm’s transactional practice offers corporate services in real estate, M&A, joint ventures, private equity, reverse takeovers, banking, IPOs, and entity reorganisation.

 

Key clients 

Key clients of the firm include Anatole Investment Management and Excel Precise International.

 

Research period review: 31st edition (2020/2021)

The firm kept busy during the research period with acquisitions, disposals, joint ventures, investments, private equity financing, conventional lending and share acquisitions in the investment management, financial services, real estate, beauty, gaming, and consumer goods industries.

 

Deal highlights: 31st edition (2020/2021)

Anatole Investment Management $15 million series C financing

Anatole Investment Management $30 million investment in PingCap

Strong Day Holdings HK$80 million loan facility

 

Client feedback: 31st edition (2020/2021)

Financial restructuring

“Expert knowledge and trustworthy lawyers.”

 

Project development

“Extremely responsive to issues and High efficiency in terms of feedback and following-up. Professional in providing sensible and practical advice. Client always feel well looked-after.”

 

Daniel Tang

“Daniel Tang is an experienced partner and knows his area very well. He is always there to offer sound and practical advice in sticky situations.”

 

Polly Chu

She always aims to excel herself through the years to improve her knowledge and service. She is extremely responsive, patient, and responsible to her client. She performs diligently and clients feel rest assured that problems are always well taken-care of.”

“Trustworthy and diligent.”

Ashurst

London headquartered multinational law firm Ashurst opened its Hong Kong office in 2008. Key figures at the firm include partner Chin Chuan Chen.

 

Focusses / specialisms 

The firm boasts a well-diversified financial and corporate offering and is strongest in capital markets, project finance, financial services regulatory, restructuring and insolvency, and private equity and real estate funds.

 

Key clients  

The firm acts for the likes of China Development Bank, Bank of China, Deutsche Bank, China Construction Bank, Export Import Bank of China, Agricultural Bank of China, China Minsheng Bank, and China Export & Credit Insurance Corporation.

Campbells

Campbells is a full-service offshore law firm that was established as Bruce Campbell & Co in 1970 before rebranding in 2001. The firm opened its office in Hong Kong in 2016 and provides comprehensive corporate and litigation advice and services in relation to Cayman Islands and British Virgin Islands law. 

 

Focusses / specialisms 

The firm is known for its work in the offshore financial and corporate, investment fund area and is strongest in the equity and debt capital markets, banking, M&A and restructuring, hedge funds and private equity. 

 

Key clients 

Key clients of the firm include Akeso, Luckin Coffee, Asia Debt Management Hong Kong, China Renaissance Holdings, Chongqing JiangXiaoBai Liquor, Heneng Holdings, HT Flying Car, ADM Capital Management, AIA International and Aptorum Group. 

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“Solid technical skills and approachable working style.” 

 

Investment funds 

“Responsive, high-quality work, appropriate level of comments, good business sense.” 

Carey Olsen

Carey Olsen is an offshore law firm with 235 lawyers including 59 partners. The firm has offices in Bermuda, the British Virgin Islands, Cape Town, Cayman Islands, Guernsey, Jersey, London, Hong Kong and Singapore. The firm is on a growth trajectory in Asia and opened its Hong Kong office in 2016. The team comprises English, Mandarin and Cantonese speakers. 

 

Focusses / specialisms 

The firm offers Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey legal services from its offices in Asia and is the only offshore firm with a Channel Islands desk in Asia. It initially offered litigation and restructuring services from Hong Kong but bolted on corporate, funds and finance capabilities in 2019. 

 

Key clients 

Key clients of the firm include Jinko Solar, China Customer Relations Centers, Block.one, and IDEG Asset Management.  

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“Very responsive and always provide practical advice.” 

 

Investment funds 

“Professional. Detail orientated. Knowledgeable. Commercial. 

CMS

CMS is an international law firm with 73 offices in 41 countries.  

In Hong Kong, the firm operates through a registered foreign law firm (CMS Hasche Sigle, Hong Kong) and a local law firm (Lau, Horton & Wise) to provide the full range of Hong Kong and international law advice. 

 

Focusses / specialisms 

The firm is recognised in Hong Kong for its work in structured finance and securitisations and restructuring and insolvency area. The firm is also active in general finance, asset finance, derivatives and debt capital markets 

 

Key clients 

Key clients of the firm include Axis Bank, Bank J. Safra Sarasin, CIMB Bank, Hong Kong Capital Finance Corporation, Huarong International Financial Holdings, China Huarong International Holdings, ICBC International, Li & Fung Group and Meritz Securities.  

  

Client feedback: 32nd edition (2021/2022) 

Capital markets: Structured finance and securitisation 

“They are proactive in the handling of the transaction and able to provide sound solutions to complex issues.” 

 

Restructuring 

“They are extremely hands-on and responsive, and agreeable to late evening calls with the client.” 

Davis Polk & Wardwell

Davis Polk & Wardwell is a New York-headquartered law firm with 982 lawyers across 10 offices in North and South America, Europe and Asia. Catering to its clients with Chinese interests the firm has offices in Hong Kong and Beijing. 

 

Focusses / specialisms 

In Hong Kong and China, the firm is best known for its equity and debt capital markets work, high-yield, financial services regulatory, M&A and private equity across the technology media and telecommunications, banking, consumer goods, energy, healthcare and real estate sectors. 

 

Key clients 

Key clients include Citigroup Global Markets Singapore, Aluminum Corporation of China, CANbridge Pharmaceuticals, ANE (Cayman), Abbisko, GoTo Group, Duddell Street Acquisition, New Frontier Health and 51job. 

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“Very helpful to sort out complicated situations and give professional advice. Respond efficiently and very dedicated team support.” 

 

Financial restructuring 

“Highly dedicated, experienced and professional lawyers. Multilingual partners and counsels. Attention to detail. Reasonable fee quotes. Available round the clock.” 

Deacons

Established in 1851, Deacons is Hong Kong’s oldest and largest law firm with 300 lawyers and further offices in Guangzhou, Beijing and Shanghai. The firm has connections with independent law firms across the world through its membership of legal networks such as Lex Mundi, Interlex, World Services Group and Employment Law Alliance. 

  

Focusses / specialisms 

Deacons has the largest investment funds team in Hong Kong and dominates in retail funds. It covers PRC-related funds and mandatory provident funds, which are unique to Hong Kong. The firm also has strong capital markets, corporate and regulatory practices and is active in banking and the restructuring and insolvency area. 

 

Key clients 

Key clients of the firm include Aberdeen Standard, AEM Asset Management, AllianceBernstein, BOCHK, CCB, Centaline Investment Advisory, Sumitomo Mitsui Trusts, The Wharf, The Kuok Group, Lai Sun Group, Kerry Group, BFAM Partners and Brookfield 

 

Client feedback: 32nd edition (2021/2022) 

Financial services regulatory 

“They know the law and practice well, their advice is always reliable and helpful.” 

 

Investment funds 

“Deacons team has abundant knowledge in the area of investment funds and has been diligent and responsive when providing services to client.They also have good quality control and are able to apply working standards consistently in every project we work together.” 

Debevoise & Plimpton

Debevoise & Plimpton is a New York-based global law firm with 655 lawyers across 10 offices in the US, Europe and Asia. The firm services its clients with Chinese interests from its offices in Hong Kong and Shanghai. 

 

Focusses / specialisms 

The firm is transactionally strongest in the private equity funds area, and recognised for its work in M&A, private equity, capital markets and financial services regulatory.  

The firm’s Hong Kong and Shanghai offices focus on private equity, mergers & acquisitions as well as in emerging areas such as cybersecurity and data privacy. 

 

Key clients 

Key clients of the firm include Advantage Partners, AIF Capital, Baring Private Equity Asia, CDH Investments, Centurium Capital, China Life, Morgan Stanley, Sequoia Capital, Boyu Capital and Carlyle Group. 

 

Client feedback: 32nd edition (2021/2022) 

Investment funds 

“The D&P team are first class – they are experts in their field, solutions-focused and help clients seamlessly navigate fundraisings in an uncertain market (Covid etc).” 

 

M&A 

“Partner and counsel very hands-on and across all details of the transaction; very quick turnaround time on transaction documents. Good knowledge of insurance laws and regulations in Hong Kong. Business focused, practical advice, very accessible.” 

Dechert

Founded in 1875, Philadelphia-headquartered international law firm Dechert boasts a team of more than 900 lawyers spread across 22 offices. Key figures at the Hong Kong office include partner Michael Wong. 

 

Focusses / specialisms 

Dechert in Hong Kong is best known and recognised for its high-quality funds practice, focussing on hedge funds, private equity funds and retail funds. 

The firm is experienced in advising on matters across a range of industry sectors and has a particular focus on financial services, the team regularly advises on both the fund formation work and HK regulatory aspects for funds. 

 

Key clients 

Key clients of the firm include Greenwoods Asset Management,Apeiron Capital, TradeMaster Securities (Hong Kong), Mayfair & Ayers Financial Group, SK Holdings, IMM Investment Global and Manulife Investment Management.  

Dorsey & Whitney

Dorsey & Whitney is a US-based law firm with more than 500 lawyers across 19 offices in the US Canada, Europe and Asia. In Asia, the firm has offices in Hong Kong, Shanghai and Beijing. 

   

Focusses / specialisms 

The firm is focused on the M&A area and covers a wide range of industries including healthcare and pharmaceuticals, real estate, hospitality and leisure, manufacturing, technology, food & beverage, insurance and other financial services. 

From its Hong Kong office the firm is transactionally known for its India-focused capital markets practice alongside its China practice. It has been building its India debt capital markets practice since 2018. 

 

Key clients 

Key clients of the firm include Guangzhou R&F Properties and Eddingpharm. 

Eversheds Sutherland

Eversheds Sutherland is the result of a 2017 merger between law firms Eversheds and Sutherland Asbill & Brennan. It has over 2800 lawyers and 68 offices across 32 countries. The firm serves its clients with China interests from its offices in Hong Kong, Beijing and Shanghai.

 

Focusses / specialisms 

In Hong Kong the firm is most active in handling structured finance and securitisation mandates and has expertise in contentious and non-contentious restructuring and insolvency-related matters.

 

Key clients  

Key clients of the firm include Hong Kong Capital Finance Corporation, Meritz Securities, Oceanwide Holdings, DBS Bank, HSBC, Gibson Innovations and Liberty Group.

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Client and solution-oriented. Prompt and responsive."

"Eversheds Sutherland's wide specialisations within the HK office and its broad capabilities across different jurisdictions enables clients to more easily obtain all-round advice to manage legal risk. "

 

Capital markets

"Aside from being knowledgeable and responsive, brings a practical approach to transactions. Kingsley Ong is always available and prompt with his feedback."

"Mr Kingsley Ong and his team are very approachable, responsive and professional."

"Great commercial grasp of the transaction - deal-making attitude - legally sound and practical advice."

"Kingsley's team did an excellent job in leading the transaction as Hong Kong counsel and providing legal expertise as well as practical solutions to various issues throughout the transaction. "

"They are very commercial in trying to solve legal/structure issues to get a good faith compromise between lender and borrower."

 

Restructuring and insolvency

"Mr Kingsley Ong and his team are very approachable, responsive and professional. Their advice is practical and easy to understand."

"The lawyer and his team are very prompt and meticulous."

Fangda Partners

Founded in 1993, Fangda Partners is a full-service law firm advising on PRC and Hong Kong laws.The firm is headquartered in Shanghai and is among the largest China-based law firms, with approximately 700 lawyers in Shanghai and further offices in Beijing, Guangzhou, Shenzhen and Hong Kong.  

 

Focusses / specialisms 

The firm has traditional strength in private equity. It was one of the earliest entrants into the PRC fund formation market and its team has the dual capacity to advise on renminbi and offshore US dollar fund formation matters.  

M&A is a core focus of the firm, while its capital markets team has TMT expertise, and the finance team is especially potent in acquisition financing.  

 

Key clients 

Key clients of the firm include Boyu Capital, A-Plus, Softbank Vision Fund, Moonton Technology, Suez (Asia), Clear Media Limited, Asian Development Bank, BMW Finance N.V., CICC, HSBC and PAG Capital.  

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“They have plentiful resources and are able to give advice promptly.  They are well experienced in the matters relating to listing and restructuring.” 

 

Private equity 

“Very responsive, practical, proactive and has clear understanding of clients' needs.” 

Gibson Dunn & Crutcher

Established in 1890, Gibson Dunn & Crutcher is a Los Angeles-based international law firm with more than 1,300 lawyers across 20 global offices. The firm’s Hong Kong office opened in 2010 and works closely with its other Asian offices in Beijing and Singapore. 

The firm’s Hong Kong office provides US, Hong Kong and English legal advice to global and Asia-based clients. 

 

Focusses / specialisms  

The firm is best known for its private equity, investment funds, M&A, projects and leveraged finance work. It is also active in banking and provides related regulatory advice 

 

Key clients 

Key clients of the firm include Goldman Sachs Private Equity, Canada Pension Plan Investment Board, KKR, Legend Capital, ADV Partners, ARA Asset Management, JP Morgan Asset Management, PAG and Bain Capital.  

 

Client feedback: 32nd edition (2021/2022) 

Investment funds 

“Technically excellent. Great industry knowledge. Commercially savvy. 

Goodwin Procter

Boston-based Goodwin Procter is an international firm with 1,200 lawyers and 13 offices across the globe. In Asia it has an office in Hong Kong. 

 

Focusses / specialisms  

The firm is best known for its private equity, M&A and funds practices in technology, life sciences, financial services and real estate. It is also active in the banking, capital markets and leveraged finance area. 

  

Key clients 

Key clients of the firm include AEW, Ares Management, Equis, Global Hospitality Investment Group, BentallGreenOak, 500 Startups, Caldera Pacific, Convergent Finance, Vectr Fintech, Hillhouse Capital, PAG and Horizon Ventures. 

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“Very commercial, friendly team.” 

 

M&A 

“Their HK-based M&A team has been consistently reliable when providing us with their legal services.They are prompt in responding and are very commercial when providing legal advice.” 

Haiwen & Partners

Founded in 1992, Haiwen & Partners is a 200-lawyer-strong PRC firm with offices in Beijing, Shanghai, Shenzhen and Hong Kong. The firm is a fully integrated partnership with a modified lockstep compensation system.

 

Focusses / specialisms 

Compared to other PRC law firms, Haiwen & Partners is relatively small and focused on cross-border securities, M&A transactions, private equity, investment funds, restructuring and insolvency.

 

Key clients 

Key clients of the firm include Citigroup Global Markets, Huaneng Guicheng Trust, eWTP Tech Innovation Fund, Syngenta Group, Kuaishou Technology, DCP Capital, and China International Capital Corporation.

 

Research period review: 31st edition (2020/2021)

In the past 12 months, the firm’s capital markets team has been busy with overseas bonds, green bonds, convertible notes, exchangeable bonds, education bonds, private placements, and IPOS in New York, Hong Kong, Luxembourg and Singapore.

The funds team have handledLP work, investments, mixed ownership, and funds in Singapore and in logistics, manufacturing, and real estate.

M&A continues to be a core area for the firm wo were preoccupied with consolidation mandates, debt-for-equity transactions, acquisitions, mergers in agriculture, technology, education, insurance, financial services, and oil and gas. The private equity team facilitated its clients various funding rounds, investments,  and fund raising.

Haiwen & Partners strengthened its corporate team with the hire of partner Ye Taoye from Allen & Overy. Its capital markets practice welcomed of counsel Zhang Fan from CITIC Securities.

 

 

Deal highlights: 31st edition (2020/2021)

5G Fund

China Merchants Bank $800 million green bond issue

Kuaishou Technology HKSE IPO

PipeChina Rmb123 billion acquisition of Sinopec oil and gas pipeline business

Shenyang Machine Tool restructuring

Yuanfudao $1 billion G series financing

Howse Williams

Howse Williams is an independent Hong Kong firm comprised of 90 lawyers, including 26 partners, and more than 200 employees from Hong Kong, China, Malaysia, Singapore, India, UK, US, Australia and Canada. It covers a range of practices such as corporate and corporate finance, disputes, insurance, personal injury, labour law, family law and real estate. 

 

Focusses / specialisms  

The firm has particular strength in financial services regulatory as one of the market’s largest contentious and non-contentious standalone regulatory practices, with seven lawyers. 

 

Client feedback: 32nd edition (2021/2022) 

Financial services regulatory 

“Extremely knowledgeable on SFC regulation, but also over time they have built a deep understanding of Saxo's business model and have a commercial mindset when supporting the various engagements we run with them.” 

Provide professional advice.” 

K&L Gates

K&L Gates is a US-based international law firm with 45 further offices across Asia, Australia, Europe, the Middle East, and South America. The firm assists its clients with Greater China interests from its offices in Beijing, Shanghai, Hong Kong and Taipei. 

Its lawyers instruct on cross-border transactional, regulatory, and contentious matters, but are especially active in corporate and M&A. 

Key clients of the firm include Koppers, TCL Holdings, Greentown Education Investment, Luye Medical, KaiOS Technology, Bluescope Steel and DIC Corporation. 

Over the research period the firm kept itself busy with corporate advice and restructuiring mandates, joint ventures, investments, stake sales and acquistions in the chemicals and financial services sectors. 

In 2019, the firm hired partner Guiping Lu from Haiwen & Partners and saw Grace Fan-Delatour depart for White & Case. 

Deal highlights

-Greentown Service Group A$67 million acquisition of 56% stake in Montessori Academy Group

-Fangda Carbon New Material and C-Chem $107 million acquisition of Koppers (Jiangsu) Carbon Chemical Company 

-KaiOS Technology restructuring 

King & Wood Mallesons

King & Wood Mallesons is a Hong Kong-based international firm that was formed as a merger between PRC firm King & Wood, Australian firm Mallesons Stephen Jaques, and UK firm SJ Berwin. It has more than 2,000 lawyers and 23 offices worldwide. Apart from Hong Kong, the firm also has mainland offices in Beijing, Chengdu, Guangzhou, Haikou, Hangzhou, Jinan, Nanjing, Qingdao, Sanya, Shanghai, Shenzhen and Suzhou. 

 

Focusses / specialisms  

The firm’s Hong Kong team has strength in banking and capital markets, it is a solid choice for international and Chinese parties in complex China and international cross-border financingsThe firm is also very active in the M&A and restructuring and insolvency areas across various sectors, including technology, healthcare, aviation, energy, infrastructure, real estate and more.  

 

Key clients 

Key clients of the firm include Standard Chartered Bank, China Construction Bank, Bank of Communications, ICBC Singapore, BNP Paribas, Industrial Bank, Zaozhuang Mining and Polestar Automotive Holding. 

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“When you take the whole of KWM into consideration, the firm is stronger than most of the international firms in the Greater China region their HK/PRC teams work together very well and can basically handle all sorts of cross-border matters without even the need to involve any other firm.” 

 

Private equity 

“Strong local knowledge of the legal market practices and regulatory environments.” 

Kirkland & Ellis

Established in 1909, Kirkland & Ellis is a Chicago-based law firm with 2,300 lawyers and 15 offices worldwide.The firm caters to its clients with an interest in Greater China from its offices in Beijing and Shanghai and opened its Hong Kong office in 2006. 

 

Focusses / specialisms  

The firm is best known for its strength in private equity and restructuring work, but it also has solid corporate, banking, capital markets and investment funds practices and a growing regulatory presence.  

 

Key clients 

Key clients of the firm include Bain Capital, Blackstone, Carlyle, CVC Capital Partners, KKR, Warburg Pincus, Advantage Partners, AMP Capital, Apax, Apollo Management, China Everbright and CITIC Capital. 

 

Client feedback: 32nd edition (2021/2022) 

Leveraged finance 

Subject-matter expertise, knowledge of changing regulatory landscape, accurate guidance and timeliness are some of the attributes.” 

 

Private equity 

“Kirkland and Ellis have been very helpful in guiding us through our first fundraising, carefully navigating through important negotiations with key LPs, thanks to their widespread expertise. We really felt that they were an integral part of our team throughout the process.” 

Kwok Yih & Chan

Kwok Yih & Chan is an independent corporate law firm based in Hong Kong specialising in the Hong Kong and mainland Chinese markets. 

 

Focusses / specialisms  

The firm is recognised for its work in capital markets and M&A. It has a strong track record advising clients on non-contentious corporate and securities work owing to its strong relationship with capital market regulators such as HKSE and SFC.  

 

Key clients 

Key clients of the firm include China Tonghai Capital, Dongxing Securities, Vistar Holdings, PFC Device, Karrie International Holdings and Haichang Ocean Park.  

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“Positive contributions on the restructuring of the listing vehicle, due diligence on the client's business operation and fund flows of its shareholders, in compliance with requirements of Listing Rules of the Stock Exchange of Hong Kong.” 

 

M&A 

“They deliver their advice and comments, which are considered appropriate, in a timely manner and as requested.” 

Mayer Brown JSM

Mayer Brown is a large international law firm with offices in 27 cities across the Americas, Asia, Europe, and the Middle East. It has been serving its clients in China since the 1990s with offices in Beijing, Shanghai, and Hong Kong where it has over 200 lawyers.

 

Focusses / specialisms 

The firm is best known in Hong Kong and China for its restructuring and insolvency, projects, banking, and debt capital markets practice where it is ranked highest—its high-yield practice is active often representing trustees on bond issuances.  It also has a strong regulatory practice.

 

Key clients 

Key clients of the firm include Mongolian Mortgage Corporation HFC, China Gas Capital Management, Jiu Zun Digital Interactive Entertainment Group Holdings, Leapfrog Investments, Maybank, and Asian Development Bank.

 

Research period review: 31st edition (2020/2021)

The firm’s finance team has had a very busy year acting in pro bono emergency loans in response to Covid-19, water-related development and education financing, and other financing, refinancing, and restructuring mandates in agriculture, real estate, chemicals, biologics, logistics and financial services. 

In projects the firm handled PPPs and a range of outbound mandates in transport, aviation, pulp, tourism, telecommunications, hydropower, and conventional energy in jurisdictions such as Brazil, Kenya, Benin, Peru, Ukraine, Ivory coast, Uganda, and Nigeria. 

The regulatory team assisted virtual banks setting up in Hong Kong, financial crime reviews, whistleblowing allegations, market misconduct, investigations, and compliance matters. 

In debt capital markets, the team were preoccupied with sustainable bond offerings, sovereign bonds, high-yield offerings in Mongolia and Indonesia, programme establishment and updates, catastrophe bonds, ESG bonds, and convertible bonds, while the equity team handled Hong Kong IPOs, top up shares, conditional cash offers, rights issue, and privatisations. 

The funds team handled fund formation, VC funds, investments, real estate funds, technology funds, and compliance matters; the M&A practice advised on domestic and overseas acquisitions, disposals, restructuring, and joint ventures in commercial real estate, retail, private equity, aviation, and construction. 

In restructuring and insolvency, the firm acted in restructurings, insolvency, and liquidation issues of entities in the cruise and resort businesses, food and beverage, manufacturing, and construction industries. 

The firm strengthened its corporate practice in the research period with the hires of partner Steven Tran from Hogan Lovells and Sheng Wu and Paul Chen from DLA Piper. Its restructuring team was boosted with the hire of partner Adam Paul from Kirkland & Ellis and partners Michael Fiddy and Amy Jacks from DLA Piper. 

In the research period the firm was hit with the departures of finance partner Ben Sandstad to Asian Development Bank and restructuring partner Tom Pugh to offshore law firm Walkers.  

 

Deal highlights: 31st edition (2020/2021)

Government of Mongolia $600 million 5.125% sustainable bond issue

Huiyuan Juice restructuring

Link REIT £380 million acquisition of The Cabot

New Hope International $400 million syndicated term loan facility

Onstar Express (SiCepat) $170 million series B financing

Sino-Entertainment Technology Holdings HKSE IPO 

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Committed professionals."

"Pragmatic advice on the disputed issues, abundant experience with similar transaction, prompt response on the queries and generous help with the frequent questions."

 

Capital markets

"Good professional advice. Good and prompt communication."

 

Restructuring and insolvency

"Responsive. Experience. Knowledge. Client-centric. Competitive pricing."

 

Investment funds

"Creativity regarding fund structuring and deep experience/expertise in technical aspects and process."

 

Private equity

"Highly knowledgeable and very client-friendly."

"Mayer Brown's private equity team provides timely and consistently high-quality legal advice to ensure our interests are protected, while at the same time acknowledging the commercial realities of our transactions. This helps us get deals done quickly, cost-effectively and with solid legal and commercial foundations."

"Very detailed-oriented yet commercial. "

 

Billy Au

"Frank and professional."

 

Boya Shen

"Advises on the drafting and negotiation of finance documents. Rich experience with market and documentation."

 

Hallam Chow

"Advises on the drafting and negotiation of finance documents. Rich experience with market and documentation."

 

John Marsden

"Client-centric. Experienced. Commercial. Flexible. Personable."

 

Mark Uhrynuk

"Very hard working and attentive to our needs. I am very happy with the relationship and help that Mark has provided."

"Very creative, solution-driven approach. "

"Highly skilled and knows exactly the right person to assign to the task within the firm."

"Mark is a key adviser to our business. He helps us navigate transactions on solid legal footing, with attention to the commercial realities of our deals."

Morgan Lewis & Bockius

Philadelphia-based Morgan Lewis & Bockius is an international law firm with 2,200 lawyers across 31 offices in North America, Europe, Asia and the Middle East. The firm services its clients with Greater China interests from its offices in Hong Kong, Shanghai and Beijing. 

 

Focusses / specialisms  

The firm is strong in equity capital markets, private equity, M&A and private equity funds area and is active in the energy, financial services, life sciences, healthcare, manufacturing, real estate, consumer goods, automotive, education and technology sectors. 

The firm’s Hong Kong team advises multinational corporations, financial institutions and private investment funds headquartered in China, the Asia-Pacific region and across the globe. 

 

Key clients 

Key clients of the firm include Amundi Pioneer Asset Management, Aquila Group of Funds, BNY Mellon Investment Management, Credit Suisse, Cornell University, Goldman Sachs, Fortress Investment Management, Morgan Stanley and Two Sigma Investments. 

Morrison & Foerster

Formed in 1883, Morrison & Foerster (MoFo) is a San Francisco-based international law firm with 1,000 lawyers and 17 offices across the US, Asia and Europe. In Greater China, the firm established its Hong Kong office in 1983 followed by Beijing in 1998 and Shanghai in 2003. 

 

Focusses / specialisms  

MoFo offers its clients US, English and Hong Kong law advice in China-related matters and excels in the debt and equity capital markets, M&A and private equity area. It is also very active in hedge funds, private equity funds and real estate funds. 

 

Key clients 

Key clients of the firm include Kindstar Global Beijing Technology, Flowing Cloud Technology, Haitong International Capital, CLSA, BOC International, Affirma Capital, China Ping An Insurance, Morgan Stanley Private Equity Asia, Alibaba Group, GLP and Softbank. 

Oldham Li & Nie

Oldham Li & Nie is a Hong Kong-based law firm with a further office in Shanghai. The firm is active in the financial and corporate space and was established in 1987. The firm currently has more than 40 lawyers, admitted in one or more jurisdictions, including Hong Kong, France, the UK, the US, Australia, Canada and Japan. 

 

Focusses / specialisms 

The firm is recognised for its corporate and M&A capabilities. Sectors of activity include consumer products, insurance, logistics, automotive, banking and financial services, and food and beverage. 

 

Client feedback: 32nd edition (2021/2022) 

M&A 

“Proactive, keeps a business perspective, tries to minimise fees and maximise win-win.” 

O'Melveny & Myers

O'Melveny & Myers Hong Kong office serves many of the firm’s international financial institution and investment fund clients, as well as clients in other industries. 

 

Focusses / specialisms 

The firm is strongest in capital markets, M&A, private equity and restructuring. It handles a range of local and international corporate transactions including foreign direct investment in China, private equity and venture capital investments, IPOs of securities in Hong Kong and the US, and mergers and acquisitions of private and publicly traded companies across a range of industries, including life sciences and healthcare, fintech, consumer & retail, TMT, real estate and education. 

 

Key clients 

Key clients of the firm include CICC, Credit Suisse, Citi, Deutsche Bank, Goldman Sachs, JP Morgan, Bank of America Merrill Lynch, Morgan Stanley, Piper Jaffray, UBS, Huatai Securities, Huatong Securities, emeGen, AkesoBio and Viva Biotec.  

 

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“They are very active and provide quality legal advice to the issuer. 

 

Private equity 

“Extremely responsive and professional. 

Paul Weiss Rifkind Wharton & Garrison

Originally founded in 1875, Paul Weiss Rifkind Wharton & Garrison is a New York-based international firm with more than 1,000 lawyers across eight offices. The firm services its Greater China clients from its offices in Beijing and Hong Kong. 

 

Focusses / specialisms 

The firm is best known for its private equity work and technology expertise. It also has a strong M&A team alongside a banking, leveraged finance and capital markets practice. It handles cross-border transactions involving jurisdictions throughout the Asia-Pacific region, including in mainland China, India, Indonesia, Japan, Korea, Macau, Malaysia, the Philippines, Singapore, Taiwan and Thailand. 

 

Key clients 

Key clients of the firm include PAG, State Grid, Wanda, Tencent, Didi Chuxing, KKR, DCP and General Atlantic. 

 

Client feedback: 32nd edition (2021/2022) 

M&A 

“Paul Weiss is highly regarded in the industry and provides high-quality work and output.” 

Proskauer Rose

Proskauer Rose is a New York-headquartered law firm with 12 global offices and 725 lawyers. The firm caters to its clients with Chinese interests from its offices in Hong Kong and Beijing. 

The firm’s Hong Kong office provides clients with advice on the laws of Hong Kong, the US and the UK, and deep understanding of PRC law. 

 

Focusses / specialisms  

The firm’s Hong Kong team is best known for its private equity, M&A and regulatory enforcement work. It is also recognised for its work in private equity funds and real estate funds. 

 

Key clients 

Key clients of the firm include Bow Wave Capital Management, Accor, Adams Street Partners, Schroders Capital, RRJ Capital, CCBI and OCI Capital. 

 

Client feedback: 32nd edition (2021/2022) 

Financial services regulatory 

“Professionalism, efficiency, know the market, advise what may be most suitable and relevant to the topic.” 

 

Private equity 

“They are able to provide practical advice and assist us in securing the best interest.” 

Reed Smith Richards Butler

Reed Smith is an international law firm headquartered in Pittsburgh, Pennsylvania, with more than 30 offices across the US, Europe, the Middle East and Asia. The firm has more than 30 years’ experience in Greater China with its offices in Hong Kong, Beijing and Shanghai.  

 

Focusses / specialisms  

The firm is transactionally best known for its M&A work, acting for private and state-owned PRC entities from its offices in Beijing and Shanghai and advising Hong Kong-listed corporates on Greater China and regional transactions. It has also been recognised for its work in banking, equity capital markets, and restructuring and insolvency. 

Ropes & Gray

Established in 1865, Boston-based Ropes & Gray is an international law firm with more than 1,400 lawyers and 11 offices across the US, Asia and Europe. The firm caters to its clients with Greater China interests from its offices in Shanghai and Hong Kong.  

 

Focusses / specialisms  

The firm’s Hong Kong offices lawyers are qualified in US, Hong Kong and English law and can advise on multi-jurisdictional, cross-border matters. It has increasingly active sponsor side leveraged finance and capital markets practices alongside its strong private equity, M&A and fund formation practices. The firm is also active in the restructuring and insolvency area. 

 

Key clients 

Key clients of the firm include Alibaba, API Hong Kong Investment, Cainiao Smart Logistics Network, Didi Global, Manulife Investment Management, Bain Capital, Baring Private Equity Asia, Blackstone, KKR and New Mountain Capital. 

Shearman & Sterling

Shearman & Sterling is a New York-based international law firm with 850 lawyers across 23 offices. The firm’s Hong Kong office leverages off its global and Asia network to carry out transactions in Greater China, southeast Asia, Japan, India, Mongolia and South Korea. 

The firm’s Greater China team is qualified to advise on Hong Kong, US and UK law. 

 

Focusses / specialisms  

The firm has a very strong debt capital markets practice in Hong Kong advising on investment grade and high yield capital markets transactions across the region. It is also recognised for its work in M&A, project finance, project development and equity capital markets. The firm is also strong in investment funds area and recognised for its work in hedge funds, private equity funds and real estate funds. 

 

Key clients 

Key clients of the firm include China National Petroleum, Clear Media, Investcorp, PTT Oil and Retail, Bank of America Securities, Bank of China International, Citigroup Global Markets, Credit Suisse, JP Morgan Securities, Nomura International and UBS. 

Sidley Austin

Formed in 1866, Sidley Austin is a Chicago-based international law firm with over 2000 lawyers across 20 global offices. In Asia-Pacific the firm has 200 legal professionals in Hong Kong, Shanghai, Beijing, Singapore, Sydney and Tokyo. Its Hong Kong office was established in 1994. 

Focusses / specialisms

The firm offers US, Hong Kong and English legal advice to its clients and excels transactionally in the equity capital markets, the debt—especially high-yield bond issuances—capital markets, investment funds, M&A and private equity. 

Key clients

Key clients of the firm include Springland International Holdings, Vivo Capital, CanSino Biologics, Kaisa Group Holdings Company, Standard Chartered Bank, DBS Bank and Fosun International. 

Research period review: 30th edition (2019/2020)

The firm’s equity capital markets practice was very active during the research period advising on Hong Kong IPOs, share placements and rights issues; while the debt team handled corporate bond issuances alongside high-yield, convertible and green bond issues. 

The M&A team acted in take-privates, joint ventures, disposals and acquisitions in the transport, real estate and construction industries. In private equity the firm assisted clients in various rounds of funding and in investments.  

Deal highlights: 30th edition (2019/2020)

-China Evergrande Group Rmb13.2 billion acquisition of Shengjing Bank

-Fosun International €400 million 4.35% high-yield bond issue 

-HiFiBiO Therapeutics $67 million series C financing

-Kaisa Group Holdings $400 million 11.95% high-yield bond issue

-Shanghai Henlius HKSE IPO

-Springland International Holdings HK$4.5 billion take-private 

-Vodafone Idea $3.5 billion rights issue 

-Zhongliang Holdings HKSE IPO 

Simpson Thacher & Bartlett

Simpson Thacher & Bartlett is a New York-based international law firm with 900 lawyers across 11 offices across the Americas, Asia and Europe. The firm services its clients Greater China interests from its offices in Hong Kong and Beijing. 

The firm’s Hong Kong office advises on US, Hong Kong and UK laws. 

 

Focusses / specialisms  

The firm is strong in private equity and is also known for equity and debt capital markets, banking, M&A and leveraged finance. The team has pan-Asian capabilities, and often works on cross-border deals. 

The firm is also one of the leading law firms in the private equity funds and real estate funds area. 

 

Key clients 

Key clients of the firm include Alibaba Group, Aluminum Corporation of China, Ant Group, Bank of America Merrill Lynch, KKR, Citigroup, Credit Suisse, Goldman Sachs, Blackstone and Hillhouse. 

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“They are extremely professional in capital markets, since they have accumulated tremendous experience in the past years. As a capital markets legal adviser, they can solve complex problems in creative ways, and they have strong communication channels in HKEX and SFC.” 

 

Investment funds 

“Excellent, commercial, pragmatic. In addition to being highly proficient, they are creative problem solvers.” 

Slaughter and May

Established in 1889, Slaughter and May is a London-based magic circle law firm with 560 lawyers across additional offices in Brussels, Beijing and Hong Kong.Compared to similar firms of its stature, the firm has a minimal overseas presence, relying instead on relationships with local law firms for its international practice.  

The firm became the first London law firm to establish an office in Hong Kong when it opened in 1974. It can practise English and Hong Kong law and provide US securities law capability for capital markets transactions. 

 

Focusses / specialisms  

The firm is well known for its M&A practice in Hong Kong. Its corporate practice is renowned for public takeovers, mergers and private acquisitions and it has strong banking, capital markets, finance and regulatory practices.  

It is unique in Hong Kong’s legal market as it has no hourly or billing targets for its lawyers and takes a multi-specialist approach to developing its lawyers in a collegiate atmosphere. 

 

Key clients 

Key clients of the firm include Agricultural Bank of China, Bank of China, Bank of Tokyo-Mitsubishi UFJ, HSBC, Deutsche Bank, China National Building Material Company, China Resources, CITIC Group, Alibaba, FWD, Prudential, Prada, Huaneng Power International and MTR Corporation. 

 

Client feedback: 32nd edition (2021/2022) 

Financial services regulatory 

"Super-responsive.Excellent, succinct, on-point legal advice.Academically sound but practical advice that does not need further filter/interpretation for the business.” 

 

M&A 

“They provided us with high-quality services and overall advice on these complicated projects.” 

Stevenson Wong & Co

Stevenson Wong & Co is a Hong Kong corporate law firm founded in 1978 with offices in Hong Kong and Guangzhou. It has a strategic association with PRC law firm AllBright Law Offices, one of the nation’s largest full-service law firms. It is also a founding member of Interlaw, which was established in 1982 and provides access to independent law firms in more than 150 cities around the world. 

 

Focusses / specialisms  

The firm is recognised for its work in the equity capital markets, financial services regulatory and retail funds. It is also active in different industry sectors including real estate, technology, media and telecommunications. 

 

Key clients 

Key clients of the firm include Sundy Service Group, IBO Technology Company, International Alliance Financial Leasing and Sino-Entertainment Technology.  

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“Very responsive and helpful. The team has a good understanding of their clients and their needs. They work conscientiously to meet those needs and get the deals done. Rodney Teoh is a strong leader.” 

 

M&A 

“Very responsive and helpful. Their calm and conscientious approach is well liked by clients and is conducive to getting deals done. Great legal and industry knowledge.” 

Taylor Wessing

Taylor Wessing is a Hong Kong transactional boutique firm. The firm was previously named as HM Chan & Co and formed the association with international firm Taylor Wessing in 2016, and formally completed the merger between two firms in September 2021.  

Taylor Wessing has more than 1,100 offices across 16 jurisdictions in Asia, Europe and the Middle East, including offices in Shanghai and Beijing. 

 

Focusses / specialisms  

In Hong Kong, the firm is most active in the equity capital markets, M&A, private equity, venture capital and the regulatory space. 

The firm is active in the technology, media and telecommunications, life sciences, healthcare and consumers sectors. 

 

Key clients 

Key clients of the firm include Medlive Technology, Agritrade Resources, Chinese Energy Holdings, RRJ Management and Tongsheng International Enterprise. 

 

Client feedback: 32nd edition (2021/2022) 

M&A 

“Deep knowledge and experience, responsive, well organised, fair fees.” 

Tiang & Partners

Tiang & Partners is a single office firm in Hong Kong that specializes in corporate matters. Despite only have one office, the firm has a global reach thanks to its collaboration with global firm PwC.

 

Focusses/specialisms  

The firm is best known for its work in M&A and structured finance and securitizations. The M&A team acts on the buyer side in private acquisitions. It also represents companies in joint ventures, strategic investments, restructurings and incorporations.

 

The structured finance and securitization team represents arrangers in ABS and securitizations. It specializes in credit card, aviation, mortgage and auto backed receivables.

                                                                                                                                       

Key clients 

Key clients of the firm include LifeTech, EXOR, CargoSmart, ZhongAn Online P&C Insurance and DBS Bank.

Vivien Teu & Co – Hong Kong

Established in 2015, Vivien Teu & Co is a boutique independent Hong Kong law firm.

The firm is specialised in asset management and financial services. The firm has strong experience on a range of investment funds and strategies, including retail, securities, hedge, private equity and real estate funds.

Key clients of the firm include SingAlliance, Guotai Global Investments, ABC-CA Fund Management, China Southern Asset Management, Yinhua Fund Management and Vistra Trust.

In the past year, the firm has been active in fund structuring and formation, and regulatory matters. It has also strengthened the ESG focus of its investment funds and corporate practice, and works with charities, foundations, social enterprises and impact investors in this regard.

Watson Farley & Williams

Watson Farley & Williams (WFW) is a London-based international firm with 15 offices across Europe, Asia and USA. Its Hong Kong office was established in 2012 and in 2015 it established an association with Hanoi-based boutique firm LVN & Associates.

 

Focusses/specialisms  

The firm is traditionally known for its shipping and shipping finance practice but has since developed its energy and infrastructure, natural resources, real estate and transport expertise. From Hong Kong it is most active in banking, project development, project finance, and restructuring and insolvency.

 

In banking and finance, the team acts for borrowers and lenders in asset financings, largely related to the shipping industry, as well as refinancing matters.

 

The restructuring and insolvency practice represents creditors in out of court restructuring matters.

                                                                                                                                       

Key clients 

Key clients of the firm include China Merchants Commerce Financial Leasing, Asian Development Bank, CMB Financial Leasing, Vietnam Ministry of Industry and Trade and Toyo Ink.

Weil Gotshal & Manges

Weil Gotshal & Manges is a New York-headquartered international law firm with Asia offices in Hong Kong, Shanghai and Beijing. 

 

Focusses / specialisms 

The firm is best known for its high-end private equity practice and accompanying leveraged finance practice. It is the go-to law firm for take-privates of US-listed Chinese companies and has strong expertise in the consumer goods and technology, media and telecommunications industries. 

The firm is also active in M&A, banking, capital markets, and restructuring and insolvency.  

 

Key clients 

Key clients include Advent International, Baring Private Equity Asia, CBC Group, Hillhouse Capital, MBK Partners, PAG, TPG Capital Asia, Alibaba Group, Brooks Brothers and Morgan Stanley. 

 

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“They are willing to explore other aspects, not so narrow minded as some.” 

 

M&A 

“Client management and proactive attitude. Weil lawyers anticipate issues and proactively take actions to address them and manage our expectations.” 

Winston & Strawn

Established in Chicago in 1853, Winston & Strawn is one of the largest and oldest firms in the city. It has nine offices in the US and six offices in Europe and Asia. With offices in Shanghai and Hong Kong, the firm assists its global and Asia-based clients navigate inbound and outbound opportunities in Greater China.  

The Hong Kong team work closely with attorneys at YuandaWinston and covers law capabilities in Hong Kong, PRC, US, and UK. 

 

Focusses / specialisms 

The firm’s transactional practice is most active in M&A and equity capital markets work, particularly in structuring special purpose acquisition companies (SPACs), where it has a niche enabling its clients to go public as an alternative to the traditional IPO process. 

 

Key clients 

Key clients of the firm include Vistas Media Acquisition, Saitech, China Shenghai Group, Hundred Gain International Holding, RF Acquisition, UOB Kay Hian and Karrie International Holdings. 

Financial and corporate : Offshore
Maples Group

Maples Group is an international law firm, headquartered in the Cayman Islands. The international firm has over 330 lawyers and 17 offices including Asia-Pacific offices in Hong Kong, Singapore, and Shanghai. The Asia team collaborates with its lawyers based in the BVI, Cayman Islands, Dubai, London, and Luxembourg offices.

 

Focusses / specialisms 

The firm has expertise in corporate and finance and is particularly active in capital markets from pre-IPO financing to IPO, dual listings, special purpose acquisition company (SPAC) IPOs and follow-on offerings involving the Cayman Islands and BVI companies in particular involving securities exchanges in the United States, Hong Kong, and PRC China. 

The firm is also active in offshore funds & investment management, and actively serves clients in the TMT sector.

 

Key clients 

Key clients for the firm include 58.com, Alibaba Group, Baidu, Bitauto Holdings, BOCOM International Blossom, Citigroup First Investment Management, JD Logistics, Tencent Holdings, Trip.com Group, and Weibo Corporation.

 

Research period review: 32nd edition (2021/2022)   

During the research period, the firm kept busy with capital markets transactions and was often active for clients from jurisdictions such as China, Hong Kong, Singapore, and Indonesia, primarily acting for issuers.

The corporate team continues to provide legal services to clients regarding M&A, privatisations, and take-private transactions.

The offshore funds & Investment management team was active in fund formation advising mainly fund managers and sponsors in Hong Kong and overseas.

The firm has promoted two new corporate partners internally since January 2021 in Hong Kong including Juno Huang and Karen Zhang Pallaras.

 

Deal highlights: 32nd edition (2021/2022)    

Medlive Technology HKD$4.22 billion HKSE IPO

Sun Hung Kai Properties $10 billion medium-term note update

Tencent $30 billion global medium-term note update

SK $300 million mobility fund

Sony Ventures Corporation $215 million fourth corporate venture capital fund

 

Client Feedback: 32nd edition (2021/2022)     

Banking & finance

"Provides efficient and effective solutions to our clients. "

 

Capital Market: Equity

"The firm is very responsive and always gives clear and reasoned answers that can convince me and my clients."

 

Leveraged finance

"The firm has very good client relationships from their global fund formation/fund admin teams and this translates into other work for them as they understand the clients' business/set-up."

 

Investment funds

"The firm is always responsive and professional."

"Timely advice; practical and commercial approach; best-of-class in industry and technical knowledge."

"Well resourced. Flexible fees. "

"They are a market-leading offshore Cayman law firm in Asia and globally. They are commercial, responsive and knowledgeable. They are exceptionally strong in advising on Cayman funds raised by Korean private equity sponsors. "

"They are very responsive, commercial and knowledgeable of the funds market and keep us updated regularly on Cayman law developments that affect my clients."

 

Insolvency

"Their Hong Kong team worked with their BVI team closely and could deliver around-the-clock service."

 

Private equity

"Timely feedback."

"The firm always gives definitive answers and suggestions in a timely manner."

 

Restructuring

"Knowledgeable, prompt, friendly."

"Commercial advice with a clear understanding of the client's needs and drivers; quick responses."    

 

Aisling Dwyer

"Knowledgeable, prompt, friendly."

 

Derrick Kan

"Responsive, knowledgeable and creative problem-solver."

"Knowledgeable, solution-oriented and responsive."

 

Everton Robertson

"Timely advice, knowledgeable, technically excellent, commercial approach."

 

Juno Huang

"Responsiveness and timeliness."

 

Lorraine Pao

"She organises her team and allocates appropriate resources to our deals."

"She provides effective and efficient services."

 

Matt Roberts

"He is technically one of the strongest offshore lawyers in the region. An absolutely safe pair of hands and commercial-minded in his approach. Commercial, practical and responsive."

 

Nick Stern

"Responsive; commercial."

 

Sharon Yap

"Client-focused. Helpful."

"She is a leading offshore funds lawyer in Asia. She is responsive, commercial and innovative. She is highly effective in leading matters and managing clients and international law firm relationships. She has a deep understanding of Cayman law and understands how to apply and adapt that law to work in Asian jurisdictions."

"She is responsive and has impressive client management skills. She knows my clients well and is one of the few offshore lawyers in this market who understands how their funds are structured and operated."

 

Terence Ho

"He is very responsive and has a great team to support our business."

Appleby

Originally established in 1898, Appleby is an offshore law firm with more than 200 lawyers across offices in Bermuda, the British Virgin Islands, Cayman Islands, Isle of Man, Jersey, Guernsey, Mauritius and Seychelles. The firm also has offices in Hong Kong and Shanghai. 

 

Focusses / specialisms 

The firm is well known for its work in the offshore financial and corporate, investment fund area. Its office in Hong Kong has Cantonese and Mandarin-speaking lawyers providing Bermuda, British Virgin Islands and Cayman Islands legal advice. 

It is most active in the equity and debt capital markets, M&A, aviation, shipping and structured finance, fund formation and technology matters. 

 

Key clients 

Key clients of the firm include Ascendent Capital Partners, CHC, GIC, Hang Seng Bank, HSBC, PlusAI, Times China Holdings and ZOLA Electric. 

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“The team is very responsive, highly commercial, and always strive to find a way to move the deal forward. They are excellent at delivering to budget, without sacrificing the quality of work.” 

  

Private equity 

“Appleby goes beyond merely ticking the box and telling us whether the agreement is compliant with Cayman law.They are true partners working with us to consider downside scenarios and how our client would be able to enforce its rights in such a scenario.”

Conyers Dill & Pearman

Originally established in 1928, Conyers Dill & Pearman is an offshore magic circle firm with 130 lawyers across six offices in Bermuda, Cayman Islands, British Virgin Islands (BVI), Hong Kong, London and Singapore. It is a member of Lex Mundi, an association of independent law firms.  

With more than 30 years in Asia, the Hong Kong office of Conyers provides clients with legal services on corporate finance and capital markets and is Asia’s market leader for IPOs and mergers & acquisitions. 

 

Focusses / specialisms 

The firm is recognised for its work in the offshore financial and corporate and investment funds area. It offers expertise in Bermuda, BVI and Cayman law to its Asia-based clients and is very strong in equity capital markets, alongside debt issuances and take-privates.  

It has sector expertise in education and real estate and an experienced investment funds team advising international and Asia-based fund management houses, financial institutions and entrepreneurs. 

 

Key clients 

Key clients of the firm include Agile Group Holdings, Bestway Global, CAR, Central China Management, China Huaneng Group, HUTCHMED and Sogou. 

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“Conyers provides quality legal services to clients with great attention to details.” 

 

Capital markets 

“Provided advice in prompt and helpful manner.” 

Harneys

Established in 1960, Harney Westwood & Riegels is a global offshore law firm with offices across Europe, Asia, the Americas and the Caribbean. In Asia, the firm has 60 lawyers across Hong Kong, Singapore and Shanghai.  

 

Focusses / specialisms  

The firm is recognised for its offshore financial and corporate and investment funds work. It provides advice on British Virgin Islands, Cayman Islands, Cyprus, Luxembourg, Bermuda and Anguilla law and is known for its strength in finance, as well as M&A, private equity, restructurings, joint ventures, investment fund formation and general corporate matters. 

Harneys Hong Kong also provides fiduciary services but does not practise Hong Kong law. 

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“Strong technical advice, excellent client service and value for money.” 

 

Investment funds 

“They are knowledgeable in fund-related legal matters. They are able to provide professional services.” 

Mourant Ozannes

Mourant Ozannes is a magic circle offshore law firm that was formed in 2010 following the merger of Mourant du Feu & Jeune and Ozannes. The firm has 250 lawyers and 60 partners across six global offices in the British Virgin Islands, Cayman Islands, Guernsey, Hong Kong, Jersey and London. It advises on laws of the mentioned jurisdictions and provides specialist entity management, governance, regulatory and consulting services. 

 

Mourant Ozannes is the exclusive member firm of the Multilaw network for the BVI and Cayman Islands, and of Lex Mundi for Jersey and Guernsey. Its Hong Kong office also has a unique 50% equality ratio in male and female partners. 

 

Focusses / specialisms 

The firm is strongest in private equity, real estate transactions, fund formation, leveraged and acquisition finance, fund finance, asset finance and general corporate lending, and covers the areas offintech and real estate.  

 

Key clients 

Key clients of the firm include Gaw Capital, CVC Capital Partners, Blackstone Group, Silicon Valley Bank, UBS, JP Morgan, Credit Suisse, Noah Holdings, Haitong International, Natixis, Dignari Capital Partners and China CITIC Bank. 

 

Client feedback: 32nd edition (2021/2022) 

Investment funds 

“Exceptional service and commercial approach. They support us and onshore counsel as we lead a large syndicate of lenders on transactions across multiple jurisdictions. Their DD report in particular is very thorough and user friendly, and the partner in charge is always a phone call away for any question or issue.” 

Ogier

Ogier is a Jersey-headquartered offshore magic circle firm with twelve global offices and 420 lawyers. It has offices in Greater China in Hong Kong, Beijing, and Shanghai, where it was the first offshore firm to establish an office in Beijing and have been present in Shanghai for over ten years.

 

Focusses / specialisms  

The firm is strongest in finance, investment funds, private equity, M&A, capital markets and finance. The firm’s Hong Kong office provides British Virgin Islands, Cayman, Guernsey and Jersey legal services to clients in the Asian time zone, working together with Beijing, Shanghai and Tokyo client services offices. 

 

Key clients 

Key clients of the firm include Partners Capital, UBS Asset Management, 8F Asset Management, Asahi Life Asset Management Company, Astera Capital, Cassia Investments, Daiwa Asset Management, Epivision Equity Partners, Credit Suisse, ICBCI and PricewaterhouseCoopers. 

  

Client feedback: 32nd edition (2021/2022) 

Capital markets 

“Very responsive and commercial.Are keen to get the job done and take obstacles out of the way.” 

 

Investment funds 

“Ogier demonstrates professionalism in its work and is able to explain legal concepts well.”

Travers Thorp Alberga

Founded in the Cayman Islands in 1978, Travers Thorp Alberga is a boutique firm specializing in Cayman Islands and British Virgin Islands financial law. It maintains four offices in the Cayman Islands, Hong Kong, BVI and Australia. Its Hong Kong office has been open since 2009.

 

Focusses/specialisms  

The firm only practices Cayman Islands and BVI law. It is focused on securities and regulatory matters.

 

Client feedback: 31st edition (2020/2021)

Capital markets: Equity

"TTA has provided very good legal advice for us, especially during the IPO; their response was very prompt and the quality was very good."

 

Investment funds

"Generally responsive. "

"Responsive and experienced with issues. Jos Briggs in particular is excellent."

"Very supportive, responsive and reasonably priced."

 

Investment funds: Real estate funds

"TTA is extremely responsive and client-oriented. They provide an excellent client experience and appear to be pushing hard to provide great service."

 

M&A

"TTA were very responsive to our requests given the very tight timeline to the transaction. The amount of partner time of this file from TTA was also noted and appreciated."

Travers Thorp Alberga

Founded in the Cayman Islands in 1978, Travers Thorp Alberga is a boutique firm specializing in Cayman Islands and British Virgin Islands financial law. It maintains four offices in the Cayman Islands, Hong Kong, BVI and Australia. Its Hong Kong office has been open since 2009.

 

Focusses/specialisms  

The firm only practices Cayman Islands and BVI law. It is focused on securities and regulatory matters.

 

Client feedback: 31st edition (2020/2021)

Capital markets: Equity

"TTA has provided very good legal advice for us, especially during the IPO; their response was very prompt and the quality was very good."

 

Investment funds

"Generally responsive. "

"Responsive and experienced with issues. Jos Briggs in particular is excellent."

"Very supportive, responsive and reasonably priced."

 

Investment funds: Real estate funds

"TTA is extremely responsive and client-oriented. They provide an excellent client experience and appear to be pushing hard to provide great service."

 

M&A

"TTA were very responsive to our requests given the very tight timeline to the transaction. The amount of partner time of this file from TTA was also noted and appreciated."

Walkers

Walkers is a Cayman Islands-based offshore magic circle law firm that practices the laws of six jurisdictions across 10 global offices and offers Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Jersey and Ireland legal advice. It is one of the largest offshore law firms in Hong Kong with a 14-partner strong team and more than 110 staff. The Hong Kong office opened in 2003 and is led by managing partner Andy Randall.  

  

Focusses / specialisms 

The firm is known in Hong Kong for its M&A, finance, funds, regulatory and restructuring and insolvency work. The firm also provides registered office, corporate and fiduciary services. 

 

 

Client feedback: 32nd edition (2021/2022) 

Investment funds 

 

“I appreciate the comprehensive review that Walkers brings to our documents. I particularly appreciate that on especially complex agreements, they do not stay in their own laneby which I mean that they do not restrict their comments only to aspects of Cayman Islands laws and regulations.They read the entire document, adding insight and raising issues along the way.” 

 

Private equity 

“Excellent lawyering and commercial-oriented focus to solve legal issues. I also appreciate their quick turnaround on requests as well as excellent communication with our team.”