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DLA Piper

17TH FLOOR, EDINBURGH TOWER, 15 QUEEN'S ROAD, CENTRAL, HONG KONG
Tel:
Work +852 2103 0808
Fax:
Fax +852 2810 1345
Email:
Web:
www.dlapiper.com

Luke Gannon

Tel:
Work +852 2103 0824
Email:
DLA Piper LLP (US)

Work Department

Corporate - Funds

Position

Luke is a corporate and financial services partner in our Corporate Group. He is also Head of DLA Piper's Funds and Asset Management Practice for Asia and has specialised in Funds and Corporate work for two decades. Luke advises financial institutions, investment banks, fund managers, sponsors and investors on the establishment of a wide range of institutional and retail investment products including private equity and venture capital funds, hedge funds, real estate funds and structured financial products. His investment fund transaction experience includes formations, listings, capital raisings, the establishment of financial services businesses, regulatory advice and acting for funds in acquisitions and exits. Luke also advises on a range of corporate finance transactions including fund raisings, joint ventures and mergers & acquisitions, particularly in the financial services sector.

Languages

English

Education

University of Queensland - Bachelor of Commerce (Hons); University of Queensland- Bachelor of Laws (Hons)


China: Corporate and M&A

Corporate and M&A: foreign firms

Within: Corporate and M&A: foreign firms

Sectors of particular strength for DLA Piper include insurance, financial services and technology, and the practice acts for a large number of global clients investing in the region as well as a significant share of outbound M&A work for Chinese clients. It also fields lawyers with regulatory and compliance strength. The team recently acted for Wanfeng Auto Holding Group in its €320m acquisition of Diamond Aircraft Industries and assisted Sanpower Group with its successful $820m acquisition of US-based Dendreon Pharmaceuticals from Canada's Valeant group. The key names in mainland China are Roy Chan, who is a leading corporate and M&A adviser to the insurance and financial services sectors in China; Qiang Li, who is a highly rated corporate and M&A and private equity specialist. Also highly regarded are Stewart Wang and James Chang, while in Hong Kong Luke Gannon and Sheng Wu are widely respected.

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Hong Kong

Corporate (including M&A)

Within: Corporate (including M&A)

DLA Piper's Hong Kong-based Asia corporate head Luke Gannon has overseen a major build-out of the firm's corporate offering across its offices in Greater China in recent years. In Hong Kong, the team includes Gloria Liu, who has been a key adviser to clients on private equity transactions, corporate strategic alliances and joint ventures, among other matters. Liu recently acted for Chinese state-owned enterprise China Merchants Group on a $2.5bn round of investment in JD Logistics, a subsidiary of NASDAQ-listed company JD.com. Liu is also working with the Shanghai office to advise Ping An Insurance's overseas investment arm (China Ping An Insurance Overseas) on its joint venture with Japan-based Tsumura & Co. Also recommended is Heng Loong Cheong, who divides time between the firm's Hong Kong and Singapore offices, and has a wealth of experience in cross-border M&A. Cheong recently led a multidisciplinary, cross-office team that acted for NASDAQ-listed company Laureate Education on the $162m sale of INTI International University & Colleges to Affinity Equity Partners. The firm has also recently handled mandates for China Huarong Macau, UCF Capital and CK Hutchison.

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Investment funds

Within: Leading individuals

Luke Gannon - DLA Piper

Within: Investment funds

DLA Piper's 'leading funds practice' in Asia is led by Luke Gannon, who has more than 25 years of experience in this practice area, and is 'one of the region's highest-profile partners'. Gannon acts for a broad base of clients in relation to various types of retail and private funds products, including investment banks, fund managers and investors. One of the firm's core areas of strength is real estate funds, where it acts for some of the most prominent sponsors in the market in many of their most notable fund launches, which target investments into real estate assets in greater China and elsewhere in Asia. In addition, the firm is highly active in the broader private equity funds realm, where highlights have included acting for ARM on its investment in a private equity fund which invests in the "Internet of Things" industry in Taiwan, and advising Sino-Ocean on its investment in a One Belt One Road private equity fund that invests in private equity investments in the technology and new media sector. Elsewhere, the firm captures a particularly significant share of the market from hedge fund managers; in 2017, Gannon assisted Auroville (HK) with the formation of a dual-legged master-feeder hedge fund, and also advised on associated US regulatory issues. On the investor side, Gannon acted for Huarong International Securities on its $133m investment in a hedge fund that invests in fixed-return private funds, unlisted debt investments and certain listed or over-the-counter quoted debt securities. LyGH Capital is another notable client.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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