The Legal 500

Linklaters

UNIT 26, LEVEL 25, CHINA WORLD TOWER 1, NO. 1 JIAN GUO MEN WAI AVENUE, BEIJING 100004
Tel:
Work +86 10 6505 8590
Fax:
Fax +86 10 6505 8582
Web:
www.linklaters.com

What we say about the firm's legal practice in China

China overview

Within Legal market overview,

China’s continuing adaptation of its infrastructure provided both local and foreign firms with some mega-deals, most notable of which was the telecom industry restructuring - China Unicom’s $15.8bn CDMA business sale to China Telecom and its subsequent $23.8bn merger with China Netcom engaged Commerce & Finance Law Office, Freshfields Bruckhaus Deringer, Jingtian & Gongcheng, Sullivan & Cromwell LLP and Linklaters.

Foreign firms

Within Banking and finance, Linklaters LLP is a first tier firm,

‘Particularly good at structured finance’, Linklaters‘impressively broad banking practice’ had a relatively strong 2008. Highlights included advising the lenders on the $2bn restructuring of the existing debt facilities of Pusan Newport, and representing ING Bank and Industrial & Commercial Bank of China in the $1.2bn limited recourse ECA (Sinosure) backed cross-border financing of the 792km crude oil pipeline between Kenkiyak and Kumkol in the Republic of Kazakhstan. The firm is praised for its ‘strong base in China and diverse expertise’.

Within Capital markets, Linklaters LLP is a first tier firm,

With ‘good breadth of knowledge and execution skills’ as well as ‘strength in depth’, Linklaters was the only firm engaged with respect to all four of the bond issues (totalling RMB12bn) by Bank of Communications, Export & Import Bank of China, China Construction Bank and Bank of China. William Liu and Paul Chow in Beijing are ‘first-class’.

Within Corporate & M&A, Linklaters LLP is a first tier firm,

Linklaters receives praise for ‘comprehensive industry knowledge’, ‘a strong base in China’, and ‘impressive inbound and outbound profiles’. The team advised China Netcom and China Telecom on Hong Kong law in their respective $23.8bn and $15.8bn deals with China Unicom as part of China’s telecom industry restructuring, as well as advising Rio Tinto on Chinalco’s $19.5bn offer to enter into strategic partnership. The practice also advised RBS on its HK$18.4bn sale of a 4.3% stake in Bank of China. Newly-promoted Asia managing partner, Zili Shao, is ‘very active and very impressive’.

Within Dispute resolution, Linklaters LLP is a third tier firm,

Linklaters‘impressive’ practice is based in Hong Kong and is known particularly for expertise in disputes relating to banking and investment.

Within Private equity/venture capital, Linklaters LLP is a second tier firm,

Linklaters advised Arcapita Bank on a joint venture with TH Venture and the joint acquisition of Honiton Energy for $750m. The team also advised Temasek Holdings on a $497m 4.6% investment in Li & Fung.

Within Projects and energy, Linklaters LLP is a first tier firm,

Commended widely for its ‘strong energy team’, Linklaters is a market leader on project finance, but also has a good practice advising on the construction side, in addition to having ‘great corporate expertise’. The practice advised ING Bank and Industrial & Commercial Bank of China on the $1.2bn cross border financing of a 792km crude oil pipeline between Kenkiyak and Kumkol in the Republic of Kazakhstan. Additionally, the team advised Arcapita Bank on a joint venture with TH Venture, and the $750m acquisition and investment by the joint venture company in Honiton Energy Holdings and its subsidiaries. China co-manager Celia Lam stands out.


What we say worldwide

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US

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