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Overview

Following the signing of the Economic Cooperation Framework between China and Taiwan, the market has been slow to show signs of increased dialogue between the two countries. However, many are hopeful of a steady increase in cross-strait deals and Taiwanese inbound and outbound investments in 2012.

Notable deals of 2010/2011 included the proposed privatisation of Yageo, through a $1.6bn management buyout by a consortium consisting of KKR and Yageo founder Pierre Chen, which was blocked by the Taiwanese government in June 2011. Firms involved in this deal included Lee and Li and Paul, Weiss, Rifkind, Wharton & Garrison, which acted from its Hong Kong and Beijing offices. Jones Day acted for BOE Technology Group in its acquisition of K-Tronics Technology and the assets of JEAN, which became the first China-to-Taiwan inbound transaction; LCS & Partners advised JEAN.

Taiwan’s key players remain Lee and Li, Baker & McKenzie, Jones Day, and Tsar & Tsai Law Firm. Lin & Partners enters a number of rankings for the first time, including capital markets and corporate and M&A.

International firms with offices in Taiwan include JTJB Taipei; Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P.; K&L Gates; Orrick, Herrington & Sutcliffe LLP; and Russin & Vecchi (International Legal Counsellors).

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