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King & Wood Mallesons

13/F, GLOUCESTER TOWER, THE LANDMARK, 15 QUEEN'S ROAD CENTRAL, HONG KONG, PRC, HONG KONG
Tel:
Work +852 3443 1000
Fax:
Fax +852 3443 1299
Email:
Web:
www.mallesons.com
Beijing, Beijing, Brisbane, Brussels, Canberra, Chengdu and 31 more

Hong Kong

Antitrust and competition
Antitrust and competition - ranked: tier 2

King & Wood Mallesons

Led out of Hong Kong by Neil Carabine and able to leverage the resources of competition lawyers based across its mainland China, Australia and European offices, King & Wood Mallesons is able to seamlessly handle domestic and cross-border antitrust matters. Appointed to the Hong Kong Competition Commission's litigation panel, the firm has advised the domestic competition watchdog on several matters, including a case brought against numerous decoration contractors that allegedly took part in anti-competitive behaviour. Carabine is particularly well-known for his telecoms sector expertise, and, in this regard, as well as handling general compliance and advisory work and M&A clearance matters, he also picks up mandates as a result of the firm's appointment to the Office of Communications Authority's litigation panel. Other clients include Blueair, Turner and The Sherwin-Williams Company. Counsel James Wilkinson is also recommended.

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Banking and finance
Banking and finance - ranked: tier 3

King & Wood Mallesons

King & Wood Mallesons¬†serves as a one-stop shop for domestic and cross-border banking and finance advice, with its team being able to advise banks and borrowers on issues from a Hong Kong, PRC, English and Australian law perspective. The firm has been a key fixture of the Hong Kong market for nearly 30 years and it also has 'a strong presence in the PRC', which enables it to deliver 'seamless service' to clients. Practice head¬†Richard Mazzochi¬†has 35 years of banking and finance experience; in addition to practising in Hong Kong, he has also previously worked in London, Singapore and Sydney. Mazzochi recently acted for HSH Financial Services (a subsidiary of Hongkong and Shanghai Hotels) as borrower in the negotiation of a ¬£650m loan for the construction of the Peninsula London project, consisting of the Peninsula London hotel and a number of residential apartments. Also recommended is¬†David Lam, who¬†has been a leading name in the Hong Kong office's support of the Belt and Road Initiative (BRI), and is an active participant in its partnership with the Infrastructure Financing Facilitation Office of the Hong Kong Monetary Authority. Lam's experience of BRI-related financing deals spans countries such as Vietnam, Cambodia and Sri Lanka, among others. Beyond BRI-related transactions, one of Lam's recent highlights involved advising Haitong International Securities on the provision of ‚ā¨38m bridge finance to support the Gangtai Group's acquisition of Buccellati. The firm's other clients include Comsys Financial Leasing, China EXIM and ICBC. Counsel¬†Khin Voong¬†is 'very knowledgeable about fundamental banking concepts' and is¬†'very pleasant to work with'.

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Construction
Construction - ranked: tier 1

King & Wood Mallesons

King & Wood Mallesons¬†possesses ‚Äėdefinitive analytical capability backed up by a highly practical and outcome-focused approach, meticulous attention to detail and 24/7 responsiveness'. The team is led by Paul Starr, ‚Äėa commercial problem solver: sharp, quick-witted and a superb strategist‚Äô, and includes¬†Sam Farrands, who¬†advised Bouygues Batiment and Dragages Hong Kong on their HK32bn tender submission for the development and operation of an integrated sports precinct in Kai Tak. Contentious work includes Starr's advice to contractor China Machine New Energy Corporation (CNMC) on a $1bn dispute arising out of the client's obligations in relation to a¬†major infrastructure project in a Central American country.

Leading individuals

Paul Starr - King & Wood Mallesons

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Corporate (including M&A)
Corporate (including M&A) - ranked: tier 3

King & Wood Mallesons

King & Wood Mallesons 'compares well with its peers', with clients praising its 'market-leading expertise' and 'great depth of talent'. It captures a significant share of the market for work from Chinese state-owned enterprises, privately owned companies and Hong Kong-listed companies, among other clients. In a recent mandate, working with members of the Beijing office, Neil Carabine and senior associate Ike Kutlaca acted for Ascendas Hospitality Trust Management, as the trustee manager of Ascendas Hospitality Business Trust, on the S$236m sale of Novotel Beijing Sanyuan Hotel and Ibis Beijing Sanyuan Hotel to China Lodging Group and TPG Capital Asia. Gary Lock and senior associate Ruth Lau acted for Jilin Top Trading (and subsidiary Jilin Fiber) in the circa HK$500m privatisation of Hong Kong listed company Jilin Qifeng Chemical Fiber. The firm also acts for clients such as China Shengmu Organic Milk, Weichai Power and Apex Technology. Sheldon Tse and Hayden Flinn are other hugely experienced practitioners, as are Helena Huang, John Baptist Chan and Anthony Wan.

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Investment funds
Investment funds - ranked: tier 2

King & Wood Mallesons

King & Wood Mallesons¬†leverages its sizeable geographical reach ‚Äď which spans the Asia-Pacific region, Europe and the Middle East ‚Äď and its sector and regulatory expertise to support clients on their most complex fund formation mandates.¬†Hayden Flinn¬†leads the group, which has an all-round capability across the funds sphere, including private equity buyout funds, infrastructure funds and real estate funds. Retail funds are another area of activity, with the team assisting clients with retail funds and ETFs. It also has specialist knowledge of funds formed under the Qualified Foreign Institutional Investor (QFII) and RMB Qualified Foreign Institutional Investor (RFQII) schemes. Recent work included Flinn and senior associate¬†Torrin Nicholson¬†advising¬†Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, on its $3.3bn second Asian regional infrastructure fund (MAIF2) domiciled in Singapore with a parallel fund in Luxembourg. In addition,¬†Jingjing Jiang¬†and others acted for China Resources Enterprise on the formation of an inaugural $1bn¬†Cayman fund focused on downstream investment in the consumer retail sector globally.¬†Guo Sun Lee¬†and¬†Helena Huang¬†are also recommended.

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Private equity
Private equity - ranked: tier 5

King & Wood Mallesons

Benefiting from practitioners on the ground in Shanghai and Beijing as well as in Hong Kong, King & Wood Mallesons is well-placed to represent local Greater China-focused private equity firms and sovereign wealth funds on inbound and outbound mandates, on which it also benefits from the expertise of lawyers spread throughout the US and Europe. Splitting her time between the firm's Hong Kong and Beijing offices, Helena Huang handles both fund formation and M&A work and, along with Wen Huang, is particularly active in handling investments in the TMT sector.

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Projects and energy
Projects and energy - ranked: tier 2

King & Wood Mallesons

Sam Farrands¬†heads up the team at King & Wood Mallesons, having joined from Minter Ellison¬†in April 2017. Recent work includes advising Ningxia Tianyuan Logistics Group on its negotiations with the Ghana Ministry of Railways Development for a potential Build-Own-Transfer (BOT) arrangement for the development of the Western Railway Line in Ghana, in what would be the first Ghana rail network redevelopment PPP. Clients also include¬†Bouygues B√Ętiment International, Dragages Hong Kong and China-based State Power Investment Corporation.

Leading individuals

Sam Farrands - King & Wood Mallesons

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Real estate
Real estate - ranked: tier 2

King & Wood Mallesons

Siu Ngor Chow and Hayden Flinn lead the team at King & Wood Mallesons. Recent work includes acting for Asian View Development in the pre-sale of residential units of a development in the New Territories, as well as advising Long Ping Property Development on the sale of residential units at The Spectra development. It regularly assists the Urban Renewal Authority in its capacity as vendor with real estate transactions.

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Regulatory
Regulatory - ranked: tier 3

King & Wood Mallesons

King & Wood Mallesons' practice, led by¬†Richard Mazzochi, has been advising an applicant on its joint venture with a HKMA regulated bank to set up a virtual bank, one of the first virtual bank applicants in the market. Clients also include OAX Foundation, the Gibraltar Stock Exchange and the Gibraltar Blockchain Exchange, and PrimeCredit. Urszula McCormack¬†is noted for her ‚Äėexcellent knowledge of the Hong Kong regulatory regime‚Äô; having ‚Äėembedded herself in the digital assets community, she has become a trusted adviser to clients and within industry bodies‚Äô.

Leading individuals

Richard Mazzochi - King & Wood Mallesons

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 4

King & Wood Mallesons

Leveraging the expertise of lawyers from the firm's corporate, finance and litigation practice areas, and aided by a strong presence in mainland China, King & Wood Mallesons' multi-disciplinary team handles a broad array of pan-Asian insolvency and restructuring matters for insolvency practitioners, corporates and banks. Litigator Edmund Wan excels in contentious insolvency matters; he is advising the liquidators of Tian Jian Hua Xia Medical Group on the recovery actions and all other ancillary steps in the process of liquidation in Hong Kong. Splitting her time between the firm's Hong Kong and Beijing offices, US- and Hong Kong-qualified partner Helena Huang has more of a transactional and restructuring bent to her practice, and excels at handling China-related cross-border restructuring of global conglomerates and private equity portfolio companies. Barbara Chiu is also recommended.

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Structured finance and securitisation
Structured finance and securitisation - ranked: tier 1

King & Wood Mallesons

Benefiting from 'excellent technical skills, a good understanding of the industry and a strong business sense', King & Wood Mallesons has superb market credibility across transactional and regulatory matters on behalf of global and Asian financial institutions, including Haitong International Securities, HSBC, Guotai Junan Securities (Hong Kong) and J.P. Morgan Structured Products. Minny Siu 'knows the retail structured products industry inside-out', and continues to advise the majority of the market's issuers of unlisted retail structured products. Siu is also active in relation to listed structured products and alongside the 'excellent' Richard Mazzochi has been assisting the Financial Services Development Council with its recent review of Hong Kong’s listed structured products market.

Leading individuals

Minny Siu - King & Wood Mallesons

Richard Mazzochi  - King & Wood Mallesons

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TMT
TMT - ranked: tier 3

King & Wood Mallesons

Benefiting from 'a great depth of talent' across both Hong Kong and China, King & Wood Mallesons provides 'an excellent level of service' in relation to transactional, regulatory and litigation matters for an impressive roster of clients, including Turner Broadcasting System, Azeus Systems and OAX Foundation. 'Very knowledgeable about the IT industry', Peter Bullock provides 'practical advice' on contentious and non-contentious matters including representing Airport Authority of Hong Kong, as app developer and data user and controller, on contractual and data protection compliance issues surrounding the multi-functional app for navigation, sales generation and baggage tracking across Hong Kong International Airport. Neil Carabine has an excellent track record in telecoms-related M&A work, Urszula McCormack often handles fintech-related work as part of her financial services regulatory practice, and Helena Huang's private equity transactional work regularly involves the acquisition or disposal of TMT assets.

Leading individuals

Peter Bullock - King & Wood Mallesons

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Hong Kong: Capital markets

Capital markets (debt)
Capital markets (debt) - ranked: tier 3

King & Wood Mallesons

Richard Mazzochi¬†leads¬†King & Wood Mallesons'¬†team, which is rated by clients as 'one of the most experienced' for debt transactions involving Chinese and international elements; its breadth of expertise means it can advise on PRC, Hong Kong, Australian, US and English law (as well as a range of European laws). The firm has a particularly strong track record handling debut issuances involving Chinese companies, as was evidenced when¬†Hao Zhou¬†and senior associate¬†Michael Lu¬†recently advised Triceratops Capital on its debut ‚ā¨500m bond offering. In 2017, Zhou and Lu acted for China International Capital, as sole lead manager and global coordinator, on the $300m debut bonds issuance by Chengdu Communications Investment Group. Another highlight involved advising Weichai Power on its¬†$775m debut perpetual securities offering in the international bond market; this was the largest perpetual bond offering ever by a PRC-based company. Further illustrative of the firm's excellent reputation in highly significant transactions, Zhou and Lu were among the advisers to China General Nuclear Power on its overseas issuance of multi-currency bonds. Elsewhere, the firm has been at the forefront of the growing panda bond market, and it also stands out for its strengths in special drawing rights (SDR) bonds and high-yield debt. US-qualified senior associate¬†Paul Marks¬†joined from¬†Davis Polk & Wardwell LLP¬†in January 2018.

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Capital markets (equity)
Capital markets (equity) - ranked: tier 3

King & Wood Mallesons

King & Wood Mallesons provides support to Chinese companies on all aspects of their listing requirements, with its work spanning Hong Kong Main Board and GEM listings (including spin-off transactions), US listings and dual listings. Secondary offerings and public takeovers are among other pillars of the highly regarded practice, which is co-led by Sheldon Tse, Gary Lock and Candy Chan. The team also has strong client relationships with a number of Chinese investment banks, for which it leverages its extensive knowledge about the Chinese legal and regulatory environment to cover various issues. Acting as PRC, Hong Kong and US counsel, Chan and Christine Chen were part of the team that advised Guangzhou Rural Commercial Bank on its HK$9.28bn Hong Kong Main Board IPO; this was one of the largest listings in Hong Kong in 2017. In a more recent matter, Tse, Chen and senior associate Sheryl Cheung acted as Hong Kong counsel to China Boqi Environmental Holdings on its circa HK$605m global offering and Hong Kong Main Board listing. A notable underwriter-side mandate involved acting as Hong Kong counsel to SPDB International Capital as sole sponsor on the circa HK$147m Hong Kong Main Board IPO by PRC-based Putian Communication Group. Other clients include Zhongyuan Bank, Persta Resources and BOCOM International Holdings. Anthony Wan and John Baptist Chan are also recommended.

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Hong Kong: Dispute resolution

Dispute resolution: international arbitration
Dispute resolution: international arbitration - ranked: tier 2

King & Wood Mallesons

Paul Starr¬†heads up the practice at King & Wood Mallesons, which fields¬†‚Äėa strong and dedicated team of associates led by the heavy weight partners‚Äô. Jointly with the London office, the team is defending the Kyrgyz Republic against claims arising out of a series of government measures, which allegedly prevented activities at the Stans Energy mine to be carried out. It is also co-counsel with the London office defending Naftogaz in a $5.5bn claim in LCIA arbitration by minority shareholders of Ukrnafta in a dispute over natural gas resources. Donovan Ferguson¬†is recommended as ‚Äėan insightful and trustworthy adviser with client‚Äôs best interest at heart‚Äô.

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Dispute resolution: litigation
Dispute resolution: litigation - ranked: tier 3

King & Wood Mallesons

‚ÄėA great strategist and advocate‚Äô,¬†Paul Starr¬†heads up the practice at King & Wood Mallesons.¬†The¬†‚Äėexceptional, high-calibre' team, which has undergone considerable expansion at associate level, possesses 'excellent depth of expertise backed up by a highly practical and outcome-focused approach‚Äô. Barbara Chiu¬†represented the former Hong Kong Chief Executive,¬†Donald Tsang Yam-kuen, in a high-profile criminal case of alleged misconduct in public office and corruption, which has received considerable media attention. The team also acts for Larry Yung Chi-kin, the former chairman of CITIC Limited.¬†Rachel Yu joined from Herbert Smith Freehills¬†as a partner in April 2019.

Next Generation Partners

Rachel Yu - King & Wood Mallesons

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Legal Developments by:
King & Wood Mallesons

  • Ofcom publishes review of the wholesale broadband access market

    On 3 December 2010, Ofcom published its final statement setting out its analysis of the state of competition in the wholesale broadband access (WBA) market and the measures it is taking to protect consumers in situations where competition alone is insufficient. ‚Ä©
    - SJ Berwin LLP

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