The Legal 500

Paul Hastings LLP

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

Banking and finance

Within Banking and finance, Paul Hastings LLP is a third tier firm,

Paul Hastings LLP is recommended for leveraged, real estate and project finance. ‘Clearly a leader in the region’, Brett King is recognised as a genuine leveraged finance specialist, with a tremendous reputations amongst the banks. On the project finance front, the firm continued to work on the PT Cirebon and Cebu Power projects, with Patricia Tan Openshaw to the fore.

Capital markets (debt)

Within Capital markets (debt), tier 4

Paul Hastings LLP has an active debt practice, including a strong Korean team based in Hong Kong. The firm recently represented Sino-Ocean Land Holdings on its landmark $400m perpetual subordinated capital securities issue. The team is ‘responsive’ and ‘knowledgeable’, with Vivian Lam singled out for ‘personal commitment’ and ‘solution oriented’ advice. High-yield expert David Grimm is also recommended.

Capital markets (equity)

Within Capital markets (equity), Paul Hastings LLP is a third tier firm,

Paul Hastings LLP has made dramatic headway over the last three years, having hired Sammy Li (‘rich experience’, ‘sound judgment’) from Morgan Stanley and Steven Winegar from Goldman Sachs, and it now represents a number of major underwriters. With PRC national Raymond Li also having an integral role in mainland China, the team is commended for its ‘knowledge’ and ‘experience’. Key recent deals include China Rongsheng Heavy Industries’ $1.8bn Hong Kong IPO and Goodbaby International’s $217m listing.

Corporate (including M&A)

Within Corporate (including M&A), tier 5

Paul Hastings LLP’s Hong Kong-based M&A practice is heavily weighted towards that of the Korean department, including its advice on Samsung Electronics’ $1.37bn acquisition of Seagate Technology and Hanwha Chemical’s equity investment in Solarfun Power. In this regard, Daniel Kim is recommended.

Employment

Within Employment, Paul Hastings LLP is a third tier firm,

Paul Hastings LLP’s Hong Kong group is run by Michael Downey. Non-contentious work includes advising on employment issues relating to spin-offs of one of the largest mobile communications manufacturers in the world. On the contentious side, the team is representing a multinational insurance company against discrimination claims by former agent.

Investment funds

Within Investment funds, Paul Hastings LLP is a third tier firm,

Paul Hastings LLP is rated for private equity fund formation and real estate fund work, where the firm has a particularly good reputation. The team acts for clients including Blackstone, The Carlyle Group, Asia Pacific Land and CBRE Investors. It is also advising Tan-Eu Capital on the formation of a $1bn real estate private equity fund with focus on investment in China. Neil Torpey and Vivian Lam are singled out for their knowledge. Steven Winegar recently joined from Goldman Sachs.

Projects and energy

Within Projects and energy, Paul Hastings LLP is a third tier firm,

Providing ‘thorough and timely advice’, Paul Hastings LLP’s team spans leveraged finance and energy work, handled by Brett King, and power, infrastructure, project development and M&A, which is led by Patricia Tan Openshaw. Providing ‘practical legal insights’, Openshaw ‘takes an active role as counsel in contract negotiations’, and acts for banks including the Export-Import Bank of Korea, Crédit Agricole and ING Bank. King recently advised Sonnedix Thailand on the financing and development of a $21.8m solar photovoltaic plant in Thailand. The team continues to advise PT Cirebon Electric Power in the development and financing of a coal-fired power plant in Indonesia.

Real estate

Within Real estate, Paul Hastings LLP is a second tier firm,

The ‘knowledgeable and timely’ team at Paul Hastings LLP acts for international and Greater China-based companies such as Deutsche Bank, HSBC and Sino-Ocean Land. The firm recently advised Mapletree Investments on the headline $2.4bn acquisition of Festival Walk, a shopping and commercial complex in Hong Kong, from Swire Properties. John Cahill, Derek Roth and Vivian Lam are the key contacts.


What we say worldwide

Please choose another Paul Hastings 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 Shanghai and Beijing

Germany

Offices in Frankfurt

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Italy

Offices in Milan

Japan

Offices in Tokyo

London

Offices in London

Philippines

South Korea

United States

Offices in San Diego, Washington DC, New York, Costa Mesa, Atlanta, San Francisco, Los Angeles, Palo Alto, and Chicago

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.