We have a long-standing presence in Asia: we opened our Hong Kong office in 1974. Our Beijing office, which opened in September 2009, is a natural extension of our practice in the region. By combining the strength of our own offices with that of the leading law firms in the region, we are able to provide a pan-Asian legal service of the highest quality.
We have 13 partners, over 40 other lawyers and a total staff of over 100 in our Beijing and Hong Kong offices. In Hong Kong we practise English and Hong Kong law and provide US securities law capability for capital markets transactions in Hong Kong. In Beijing we focus on M&A and outbound investment from China, as well as inbound investment and other projects involving China. Most of our lawyers are fluent in Mandarin and are able to draft, negotiate and advise in a trilingual environment.
We are also continuously engaged in a broad range of work throughout Asia advising clients on their cross border needs especially local and international public and private companies with their inbound and outbound M&A in Asia. Our close working relationships with market leading independent law firms in the PRC and throughout the Asia Pacific region ensure that we are able to deliver an integrated pan-Asian and China legal service of the highest quality for our clients.
Our key experience includes advising:
PTT Exploration and Production Public Company Limited (PTTEP) on its successful takeover of Cove Energy PLC for US$1.9 billion (£1.2 billion). This transaction won the firm the Innovation in Corporate Law (Internationally headquartered law firms) Award at the FT Asia-Pacific Innovative Lawyers Awards 2014 and it was ranked as ‘Commended’ in the FT Asia-Pacific Innovative Lawyers 2014 Report in the Corporate & Commercial (Internationally Headquartered Firms) category. The deal was also nominated Deal of the year at the Financial News Awards for Excellence in Legal Services, Europe 2013 and the firm was short-listed for M&A Team of the Year at the British Legal Awards 2012 because of the transaction.
CIMB Group Holdings Berhad, one of ASEAN’s leading universal banking groups, on a joint venture with China Galaxy Securities, one of the PRC’s leading integrated service providers in the securities industry. On 18 January 2018 CIMB and China Galaxy completed the sale by CIMB to China Galaxy of a 50 per cent. interest in CIMB Securities International Pte Ltd (CSI), the holding company of CIMB’s ex-Malaysia stockbroking business, which comprises institutional and retail brokerage, equities research and associated securities businesses across Indonesia, Singapore, Thailand, Hong Kong, South Korea, India, the United Kingdom and the United States of America. The 50:50 joint venture marks the first foray by a Chinese stockbroker into Southeast Asia and enables the development of a Pan-Asian brokerage to capitalise on increasing cross-border investments under China’s Belt and Road Initiative
Marks & Spencer (M&S) on the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner, Al-Futtaim. The sale, which completed on 30 December 2017, sees Al-Futtaim become the new sole franchisee for M&S in Hong Kong and Macau. The sale follows M&S’s strategic review of its international business in November 2016, where M&S proposed to have a greater focus on its established franchise and joint venture partnerships and operate with fewer wholly-owned markets.
Ideal Jacobs (Malaysia) Corporation Berhad (Ideal Jacobs) on the Hong Kong aspects of the proposed disposal of Ideal Jacobs (HK) Corporation Ltd and Ideal Jacobs (Xiamen) Corporation to Oriental Dragon Incorporation Limited for a total cash consideration of RM28.0 million. Ideal Jacobs is listed on the ACE Market of Bursa Malaysia
FWD Life Insurance Public Company on its bancassurance collaboration with TMB Bank Public Company Ltd (TMB) in Thailand for an initial term of 15 years. The transaction was announced on 14 July 2017. The FWD group spans Hong Kong and Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance and employee benefits. TMB is a commercial bank serving wholesale, SMEs and retail customers with a branch network throughout Thailand
Tenaga Nasional Berhad and its stake in GMR Energy and strategic partnership with GMR Energy in the power production business in India. The transaction was ranked Highly Commended in the Legal Expertise: Unlocking & Delivering Value (International) category in the FT Asia-Pacific Innovative Lawyers 2017 report published by the Financial Times
Prudential plc on the sale of its life insurance subsidiary in Korea, PCA Life Insurance to Mirae Asset Life Insurance for a total consideration of KRW170 billion
FWD Group, the insurance arm of Pacific Century Group, in relation to its acquisition of AIG Fuji Life Insurance Company, the company through which AIG runs its life insurance business in Japan
Standard Chartered in relation to the sale of its consumer finance businesses in Hong Kong and Shenzhen, being PrimeCredit Limited and Shenzhen PrimeCredit Limited, to a consortium comprising China Travel Financial Holdings Co., Limited, Pepper Australia Pty Limited and York Capital Management Global Advisors, LLC. The transaction was ranked as Standout in the Corporate & Commercial Internationally headquartered firm category in the FT Asia-Pacific Innovative Lawyers 2015 report published by the Financial Times.
Arcadis N.V., the global natural and built asset design and consultancy firm listed in the Netherlands, on the acquisition of the inProjects group and the Genesis group. These groups operate project management, store fitting and sourcing businesses in various jurisdictions across the Asian Pacific region including China, Hong Kong, India, Singapore and Macau.
CIMB Group, a financial services group operating in South-East Asia whose parent company is listed on Bursa Malaysia, in relation to its acquisition of certain cash equities, equity capital markets, corporate finance and sector businesses of The Royal Bank of Scotland in Hong Kong, China, India, Australia, Taiwan, Thailand, Malaysia, Singapore and Indonesia
China Reinsurance (Group) Corporation (China Re) on the US$2 billion global offering and the listing on the Main Board of the Hong Kong Stock Exchange of its H shares. China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited and HSBC Corporate Finance (Hong Kong) Limited were the joint sponsors. Dealing in the shares of China Re on the Hong Kong Stock Exchange commenced on 26 October 2015 and it is one of the largest IPOs in Hong Kong in 2015.
COSCO Pacific Limited (CPL) on the formation of its joint venture with China Merchants Holdings (International) Company Limited and China Investment Corporation for the acquisition of approximately 65% of Kumport Terminal, the third largest container terminal in Turkey which is a strategic location along the "Silk Road Economic Belt" and "the 21st Maritime Silk Road".
Alibaba Group Holding Limited in relation to its acquisition, through its subsidiary Alibaba Investment Limited, of the media business of SCMP Group Limited (SCMP), a company listed on the Hong Kong Stock Exchange, for a total consideration of approximately HK$2.06 billion; and the injection of its Online Movie Ticketing and Yulebao businesses into Alibaba Pictures Group Limited. The total consideration for the asset purchase is approximately HK$4.06 billion (approximately US$520 million).
Oversea-Chinese Banking Corporation Limited, the second largest financial services group in Southeast Asia by assets, on its US$4.95 billion acquisition of Wing Hang Bank, Limited.
Liu Chong Hing Investment Limited and its subsidiary, Chong Hing Bank Limited, a Hong Kong-based commercial bank, on the US$1.5 billion pre-conditional voluntary cash partial offer by Yue Xiu Enterprises (Holdings) Limited to purchase 75% of the shares in Chong Hing Bank, and on the sale and lease-back and joint use licence of specified floors to Chong Hing Bank for HK$2.23 billion. This was the first major takeover of a financial institution in Hong Kong by a non financial institution acquirer and the first takeover of a foreign bank by a local state-owned enterprise in China. This deal was ranked as Standout and received the highest score in the Corporate & Commercial (Internation) category in the FT Asia-Pacific Innovative Lawyers 2014 report published by the Financial Times.
Thermo Fisher Scientific Inc., on the competition aspects of its US$13.6 billion takeover of Life Technologies Corporation which included competition clearances in nine jurisdictions including China, Japan, South Korea, Australia, and New Zealand.
Malaysian Airports Holdings Berhad in the acquisition of a 40% equity stake in İstanbul Sabiha Gökçen Uluslararası Havalimanı Yatırım Yapım ve İşletme A.Ş. (the company which manages operations at Sabiha Gökçen Airport) and LGM Havalimanı İşletmeleri Ticaret ve Turizm A.Ş. (the company which establishes and manages hotels, lounges and food and beverage facilities at Sabiha Gökçen Airport) from the GMR Group for a total cash consideration of EUR 225 million.
Ratnakar Bank Limited, one of India’s fastest growing private sector banks, on English law aspects of their acquisition of RBS’s business banking, credit cards and residential mortgage businesses in India.
Talisman Energy on its North Sea joint venture with Sinopec.
China Construction Bank (London) Limited and its parent company, China Construction Bank Corporation, in connection with a US$200 million acquisition finance facility for Geely Sweden AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd., the largest private car-maker in China.