The Legal 500

Davis Polk & Wardwell LLP

THE HONG KONG CLUB BUILDING, 3A CHATER ROAD, HONG KONG

What we say about the firm's legal practice in Hong Kong

Capital markets (debt)

Within Capital markets (debt), Davis Polk & Wardwell LLP is a second tier firm,

Davis Polk & Wardwell LLP has a ‘broad practice’ and a ‘depth’ of team. It is a leader in high-yield debt, thanks to the presence of preeminent figure and ‘superb technician’ William Barron. The firm has a notably strong record on the underwriter side.

Capital markets (equity)

Within Capital markets (equity), Davis Polk & Wardwell LLP is a third tier firm,

Davis Polk & Wardwell LLP has an excellent record in SEC-registered deals in the US and with its new Hong Kong law team will inevitably gain a greater market share of Hong Kong IPOs. With the ‘practical’ Paul Chow, Bonnie Chan and Antony Dapiran having ‘blended in very well’, it now has a more than credible Hong Kong practice to work alongside its much feted US securities practice, which recently worked as US counsel to Prada on its Hong Kong IPO.

Corporate (including M&A)

Within Corporate (including M&A), Davis Polk & Wardwell LLP is a third tier firm,

Davis Polk & Wardwell LLP established a prestigious Hong Kong law team in 2010 by hiring Bonnie Chan from the Listing Division of HKSE, Antony Dapiran from Freshfields Bruckhaus Deringer and Paul Chow from Linklaters. They join a powerful and well-connected US team that recently advised China Investment Corporation (CIC) in connection with its investment in Indonesia’s PT Delta Dunia Makmur.

Legal market overview

Within Legal market overview,

As one of the world’s premier financial centres, and arguably the most active at present, Hong Kong has become a market of intense focus for the international legal profession. While many local and international firms have increased their resources in the special administrative region (SAR), it is US firms that have surprised the market with a sequence of headline lateral hires. Davis Polk & Wardwell LLP, Simpson Thacher & Bartlett LLP, Kirkland & Ellis International LLP, Sullivan & Cromwell LLP, Cleary Gottlieb Steen & Hamilton LLP and Milbank, Tweed, Hadley & McCloy have all hired elite names, principally from the Magic Circle and elite UK-based firms.

Private equity

Within Private equity, Davis Polk & Wardwell LLP is a third tier firm,

Davis Polk & Wardwell LLP has an impressive private equity client base, including names such as Warburg Pincus and Morgan Stanley. Although historically known for its work on India deals, the firm has built a much broader practice. Kirtee Kapoor recently acted for China Investment Corporation (CIC) on its investment in Indonesia’s PT Delta Dunia Makmur.


What we say worldwide

Please choose another Davis Polk & Wardwell LLP office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

China

Offices in Beijing and Beijing

Spain

Offices in Madrid

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

India

Japan

Offices in Tokyo

London

Offices in London

Singapore

South Korea

Taiwan

United States

Offices in Washington DC, New York, and Menlo Park

Legal Developments in Hong Kong

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • LIABILITY FOR DIRECTORS OF LISTED COMPANIES – NOT JUST FOR FRAUD

    Article by Timothy Loh and Sherry Xiao
  • Hedge fund euthanasia?

    Are the Courts sealing the fate of struggling hedge funds too early or should they be given further time to recover and realize their potential for investors? 
  • A Brief introduction to an amendment of the 2008 Patent Law

    New provisions: "Prior Art" refers to an art publicly known within and outside the country before the filing date; while Prior Design refers to a design publicly known within and outside the country before the filing date. Prior Art include arts that are being publicly disclosed in publications worldwide, publicly used or made known to public in the country in any other manner before the filing date (or priority date, in case a priority is claimed)
  • BVI Securities and Investment Business Bill 2010 receives its first reading

    The long-awaited Securities and Investment Business Bill, 2010 (commonly referred to as “SIBA”) received its first reading by the BVI House of Assembly on 18 March 2010. This follows public consultation in Summer 2009.
  • Cayman Investment Company Obtains Chapter 15 Protection in the United States

    The United States’ Bankruptcy Court for the District of Delaware has recognised the liquidation of a Cayman company, Saad Investments Finance Company (No5) Limited (“SIFCO5”) (an SPV established to operate as an investment company), as a “foreign main proceeding” under Chapter 15 of the United States’ Bankruptcy Code.
  • BVI to update Intellectual Property laws

    As the British Virgin Islands continues to play a vital role in facilitating global trade and investment, it turns its attention to helping its more than 60,000 new companies per year build a business environment where innovation can be a key economic driver. Towards this end, the BVI Financial Services Commission (the “FSC”), which is the public body with responsibility for, among other things, administering the intellectual property laws of the BVI, announced on 5 January 2010 the establishment of a Focus Group to review and revise the existing IP laws
  • BRITISH VIRGIN ISLANDS CORPORATE ARRANGEMENT SCHEMES

    With a global economic downturn in full swing, companies around the world are looking for ways to safeguard their future existence. The strategies employed to do so are numerous and varied but a number of companies have employed the use of corporate arrangement schemes entered into with their creditors, investors and other stakeholders as a way to refocus and preserve their business.
  • A Primer to Buying Securities Firms, Asset Managers, Insurers and Banks

    The meltdown in global financial markets has triggered a consolidation of the financial services industry as securities firms, asset managers, insurers and banks alike spin-off assets and restructure their operations to shore up capital. These transactions are often global in nature, involving substantial Hong Kong operations. In this article, we review the basic Hong Kong legal and regulatory framework for these transactions and present some lessons learned.
  • The PCCW Privatization: A Guide to the Applicable Law for Schemes of Arrangement

    Allegations of share splitting in the proposed privatization of PCCW have raised an important question as to how the statutory majority to approve a scheme of arrangement should be determined. This question is significant both in the short-term for investors trading PCCW and in the long-term in the context of future schemes of arrangement. In this article, we  examine the applicable laws and regulations with a view to providing hedge funds and other investors with guidance.
  • New Proposals to Regulate Mis-Selling of Investment Funds & Structured Products in Hong Kong

    The recent global financial crisis has resulted in an upswing in regulatory action throughout world markets. In Hong Kong, the Securities and Futures Commission (“SFC”) has proposed a slew of new requirements, some of which have already been implemented retroactively and without industry consultation. In this article we examine these ongoing developments in SFC policy and their effectiveness in reaching a fair balance between investor protection and costs to the investor and the financial industry.