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Banking and finance: foreign firms in China

Allen & Overy LLP

With a longstanding presence in China, Allen & Overy LLP's Greater China banking and finance practice is 'very professional, and has excellent knowledge and experience in cross-border transactions'. It advises on both lender and borrower work, with its client base including Chinese and international investment and commercial banks, local and multinational corporations, and a growing list of funds and other financial institutions. The team's range of experience covers traditional lending products, including secured and unsecured, bilateral and syndicated lending, and acquisition, real estate and equity-backed and fund financings, along with project finance and highly complex, structured transactions. In 2020, the group was notably active in relation to COVID-related issues, concerning existing and new deal structures, as well as loans to support pandemic relief. The firm also enhanced its legal services offering through an approved joint operation with Lang Yue Law Firm in the Shanghai Pilot Free Trade Zone. Beijing's Yvonne Ho and Shanghai-based Matthew Bisley have extensive banking and finance transactional experience, while Roger Lui is the main Hong Kong contact.

Practice head(s):

Yvonne Ho; Roger Lui

Other key lawyers:

Matthew Bisley

Testimonials

Very professional, with excellent knowledge and experience in cross-border transactions.

Key clients

Huazhu GmbH & Co. KG

HSBC

Hang Seng Bank

BNPP

Standard Chartered Bank

Morgan Stanley

Credit Suisse

CLSA Limited

Deutsche Bank

ICBC International

Bank of China

SSG Capital Management (Hong Kong) Limited

Work highlights

  • Advised Brookfield Asset Management on the acquisition financing for a commercial and retail building complex in Shanghai.
  • Advised Xiaomi Corporation on a $1.2bn syndicated loan refinancing.
  • Advised Standard Chartered Bank (Hong Kong) on an up-to $1bn financing (with a greenshoe of up-to $500m) to Trip.com Group (a Chinese provider of travel services) and certain of its wholly owned subsidiaries.

Clifford Chance LLP

A go-to firm for a wide range of complex, cross-border financing transactions, Clifford Chance LLP acts for a number of leading international and domestic investment banks, private equity sponsors, funds and corporations. The practice stands out for matters requiring innovation, and it is active in relation to the recently emerged area of sustainability-linked financing. Jiahua Ni, who divides his time between Beijing and Shanghai, specialises in PRC-related cross‑border financing; and Maggie Lo works across the firm's Beijing and Hong Kong offices, and has broad experience in advising both Chinese and international financial institutions on cross-border financings. Also on the mainland, Timothy Democratis' experience includes cross-border corporate, leveraged and acquisition financings, and other forms of structured and corporate debt. The names to note in Hong Kong are Anthony Wang, Matthew Truman, Dauwood Malik, Edith Leung and Vicky Ma who was made partner in 2019.

Practice head(s):

Anthony Wang

Key clients

Bank of China

Citi

CITIC Capital Partners

CVC

Hillhouse Capital

HSBC

ICBC

JPMorgan

Permira

Standard Chartered Bank

Work highlights

  • Advised on all three investment tranches of the HK$39bn recapitalisation plan announced by Cathay Pacific.
  • Advised the financiers on the financing of the acquisition of Schwan’s Company.
  • Advised Standard Chartered Bank, as arranger, on the financing of FWD Group Financial Service Pte’s acquisition of SCB Life Assurance Public Company, a life insurance business in Thailand.

Linklaters

One of Asia’s top law firms for banking and finance, Linklaters' Greater China team acts for arrangers on large numbers of private equity-backed leveraged buyouts (LBOs) in the region, with an emphasis on China-related acquisitions. In relation to structured lending transactions, clients also benefit from the practice's ability to utilise the expertise of the firm's corporate, capital markets and regulatory divisions. In Beijing, Xiaohui Ji specialises in project financing, acquisition financing and general corporate loans, and works closely with major Chinese policy and commercial banks; providing key support at managing associate level is Wendy Zhang. Regional managing partner for Asia, Nathalie Hobbs is the principal contacts in Hong Kong, where Frank Cui and Maggie Ng are also highly-rated partners. Davide Mencacci departed to Milbank in January 2021.

Practice head(s):

Xiaohui Ji

Key clients

Chinese banks

China Development Bank

The Export-Import Bank of China

Bank of China

Industrial and Commercial Bank of China

China Construction Bank

Sinosure

Agricultural Bank of China

Bank of Communications

Power

China Light and Power

China Southern Grid

State Grid Corporation of China

China Machinery Engineering Corporation

Goldwinds

Hong Kong Electric

Huadian

KEPCO (and its subsidiaries)

KOMIPO

wpd

Oil and Gas

Sinochem

Sinopec

BP

CNOOC

Dow Chemical

ENI

KNOC

KOGAS

Kufpec

PETRONAS

PTT E&P

POSCO

Rosneft

Sakhalin Energy

Samsung Group

Total

IBs

BAML

BNP Paribas

Citigroup

Credit Suisse

Deutsche Bank

HSBC

ING Bank

JP Morgan

Morgan Stanley

Royal Bank Scotland

Société Générale

Standard Chartered

UBS

Mining and Metals

Jingye Group

China MinMetals / MMG

Shandong Iron & Steel

GDF Suez

Glencore

Noble Group

Rio Tinto

WISCO

Infrastructure

DP World

Hutchison

International Container Terminal Services

Work highlights

  • Advised Bank of China (Hong Kong), as arranger, agent and original lender, on refinancing facilities provided to CAR Inc.
  • Advised CEXIM on its proposed borrowing from EIB.
  • Advised Industrial and Commercial Bank of China on its Sinosure-backed financing to the Republic of Ghana.

Ashurst

'Always able to provide professional support', Ashurst's dedicated banking and finance practice has a strong name in the market for cross-border, multi-jurisdictional international project financing, real estate financing, margin loans, structured lending, fund financing and acquisition financing deals. Beijing-based Asia global loans and global markets practice head, Patrick Phua, has extensive experience in major outbound and cross-border financings, and is a PRC derivatives market specialist; and Chin Chuan Chen heads the global loans practice in Greater China from Singapore. At counsel level, Yolanda Liu , who 'grasps market trends and fully understands clients' needs', specialises in derivatives, structured finance, commodity finance and regulatory matters; and Emma Zhang focuses on banking and project finance work in the power, resources and infrastructure sectors. At senior associate level, Zhibin Fan is noted for energy and resources sector-related financings. Priscilla Chen, Eric Tan and Daniel Lau are highly regarded names in Hong Kong. Support from further afield comes from global finance, funds and restructuring head, Jamie Ng, in Sydney.

Practice head(s):

Jamie Ng; Patrick Phua

Testimonials

The team is very efficient, pragmatic and able to provide solutions to clients.

Key clients

China Development Bank

Bank of China

Industrial and Commercial Bank of China

The Export-Import Bank of China

China Construction Bank

Agricultural Bank of China

China Minsheng Bank

Rupali Bank

Deutsche Bank

China CITIC Bank

Work highlights

  • Advised China Development Bank Corporation and Bank of China (London branch) on the financing of a series of natural gas pipeline projects in Asia.
  • Advised Industrial and Commercial Bank of China on its financing of a hydroelectric power construction project.
  • Advised CEXIM on its financing of a hydropower construction project in Zambia.

Baker McKenzie FenXun

A trusted adviser to lenders, credit funds, asset management companies, private equity funds and corporations, Baker McKenzie FenXun has on-the-ground capability to advise on the full spectrum of financing transactions, ranging from leveraged financings, structured offshore and onshore loans, real estate financings and project financings to aircraft financings, securitisation and restructuring. The practice is also able to leverage the firm's extensive international network (77 international offices) on cross-border transactions. Working across the Beijing and Hong Kong offices, Simon Leung was recently heavily involved in acquisition financing transactions that involved targets and assets in multiple jurisdictions; Grace Li  is an experienced special counsel in Shanghai. Andrew Lockhart leads the banking and finance practice group in Hong Kong, where Sally Hung and Allen Ng are also experienced partners.

Practice head(s):

Andrew Lockhart  

Key clients

Bank of China (Hong Kong) Limited

Industrial and Commercial Bank of China (Asia) Limited

China CITIC Bank International Limited

United Overseas Bank Limited

First Abu Dhabi Bank P.J.S.C.

METRO AG

Work highlights

  • Advised ICBCA, as agent, on a Hong Kong-dollar loan facility, which was granted to Capital Court, the holder of the right to manage Ocean Park Marriott Hotel.
  • Advised Bank of China (Shenzhen Branch), as lead arranger, on a club loan to a Finnish company to refinance loans owing to its shareholder.
  • Advised China CITIC Bank International, as lender, on US-dollar, loan facilities that were granted to a BVI company to finance amounts payable under a scheme of arrangement.

White & Case LLP

White & Case LLP regularly advises on some of the largest bank finance deals coming out of Asia, including significant regional cross-border deals that involve major international brands. In addition to the 'efficient and commercial' practice's widely respected lender-side work, it is also increasingly active in relation to private equity sponsor and borrower-side financings, and particularly stands out for asset, project and real estate finance work. Executive partner of the Beijing office, David Li focuses primarily on China inbound and outbound financing transactions, while Shanghai-based senior legal consultant Frank Shu has substantial experience in acquisition, structured and real estate finance. Eugene Man leads the Asia Pacific banking and restructuring practices from Hong Kong, where experienced Baldwin Cheng advises on major pan-Asian financings.

Practice head(s):

Eugene Man

Other key lawyers:

David Li; Frank Shu; Baldwin Cheng

Testimonials

The efficient and commercial team is highly responsive and has great integrity. It is very good at the law side but also very commercial.

An accommodating team that provides excellent service through great partners and A-grade associates – a superb team!

Extremely responsive and provides commercial and practical solutions, with very efficient management of time and resources.

A leading finance team with high-calibre practitioners and a wide breadth of experience in both domestic and overseas markets.

David Li and each of his team members provide high levels of service above and beyond what would typically be expected. They make themselves available and provide timely responses and attention to matters, with a quality work product that is often delivered ahead of schedule.

David Li is an outstanding individual in his advisory role on financing projects overseas.

Eugene Man is an excellent partner, who has strong legal skills, is very commercial and very responsive.

Key clients

Greentown China Holdings Limited

China Molybdenum Co., Ltd.

EQT Partners AB, GPA Global

Deutsche Bank

Credit Suisse

Morgan Stanley

JPMorgan

China Merchants Bank

China Minsheng Banking Corp., Ltd.

Bank of China Limited

Work highlights

  • Advised the global co-ordinators, MLAs, underwriters, bookrunners and Citicorp International on the  amendment of Alipay (Hong Kong) Holding’s credit facilities.
  • Advised China Minsheng Banking Corp, (Hong Kong Branch), as arrangers, on term loan facilities to WM Holding (HK) and WM New Retail.
  • Advised EQT Partners AB and its portfolio company GPA Global, on the senior financing for GPA Global’s bolt-on acquisition of Hub Folding Box, a printing and folding carton company.

DLA Piper

'A significant practice with longstanding relationships', DLA Piper's Greater China-based team distinguishes itself through its extensive geographic reach, particularly in relation to China, Singapore, Korea and Indonesia. Matthias Schemuth heads the Asia finance, projects and restructuring practice from Hong Kong, which also showcases Paul Lee, who has strength in cross-border financings, acquisition finance, syndicated loans and project finance; Carolyn Dong has approximately 30-years' experience in major cross-border transactions involving China. Senior consultant Matthew Worth focuses on banking and finance, distressed debt and special situations, while of counsel Tom Van Hoof plays a central role at the senior end of the banking and finance practice.

Practice head(s):

Matthias Schemuth

Testimonials

The team is unique and plays a key role during transactions in the ECA financing sector for Chinese corporates.

Matthias Schemuth is very experienced in ECA financing, able to find practical solutions, very eloquent when it comes to joint marketing efforts, and has a high reputation in this sector. His being German speaking and English law-qualified are very important factors for us.

Key clients

BBVA

DBS

DZ Bank

Rabobank

Deutsche Bank

Credit Agricole

ANZ

ICBC Asia

Hang Seng Bank

Standard Chartered Bank

Sumitomo Mitsui Trust Bank

Far Eastern International Bank

Tai Fung Bank

Work highlights

  • Advised Germany-based DZ Bank on the financing of a polymer processing plant in China, among others.
  • Acted for DBS Bank, as lender, on a telecoms infrastructure financing.
  • Advised BBVA, as lender, on a telecoms-related network expansion procurement agreement.

Herbert Smith Freehills LLP

Best known for its strong relationships with Chinese banks, Herbert Smith Freehills LLP's Greater China finance group handles international and cross-border deals that often require integrated, multi-jurisdictional expertise. The team covers all forms of finance, including commercial bank lending, debt capital markets, project finance and asset-based finance, but is particularly noted for its expertise in structured financings, real estate finance and trade finance. Highly rated for Asian financings, Hong Kong's Alexander Aitken is particularly focused on complex secured financings that involve companies, infrastructure, real estate and projects.

Practice head(s):

Alexander Aitken

Other key lawyers:

Ellen Mao

Key clients

Standard Chartered Bank

JP Morgan

BNP Paribas

ANZ

Citibank

China Huarong International

China Construction Bank International

Industrial Bank

China Development Bank

ICICI

Agricultural Bank of China

ICBC

Credit Agricole

China Minsheng Banking Corporation

Bank of China

China International Capital Corporation

Work highlights

  • Advised a Greater Bay area investment company on the subscription of guaranteed, secured, redeemable notes and warrants.
  • Advised China Huarong International Holdings and China Huarong Overseas Investment Holdings Co on the approximately $459m restructuring of debts owed by Brightoil Petroleum (Holdings) and its subsidiaries.
  • Advised a Hong Kong-listed financial institution on the extension of the term of a loan, via the amendment and restatement of the original loan agreement.

Hogan Lovells International LLP

Hogan Lovells International LLP's full-service Greater China banking and finance practice focuses on high-value and complex transactions, including structured and cross-border finance, real estate, acquisition and fund financing, and pre-IPO and asset finance. It is particularly known for onshore and offshore financings that involve PRC banks and borrowers. Beijing-based Jun Wei's broad practice includes project finance; and working across the Shanghai and Hong Kong offices, counsel Shantay Cong has a focus on cross-border financing transactions. Owen Chan leads the Greater China team of international banking and finance lawyers from the Hong Kong office, which was joined by restructuring and special situations partner, Jonathan Leitch, in 2020 from DLA Piper.

Practice head(s):

Owen Chan

Mayer Brown

Mayer Brown advises Chinese and international lenders and borrowers on major outbound and inbound bank and acquisition finance transactions in multiple sectors, including technology, energy, oil and gas, healthcare, real estate and logistic assets. With over 25 years' experience, Hallam Chow, who leads the China projects practice from Beijing, handles banking, acquisition and project finance, as well as asset-based finance (including aircraft, equipment and facility leasing). Also on the mainland, new partner Boya Shen's practice includes banking and acquisition, structured and energy and infrastructure finance. Hong Kong-based Richard Stock heads the Asia banking and finance practice.

Practice head(s):

Richard Stock

Other key lawyers:

Hallam Chow; Boya Shen

Key clients

Asian Development Bank

Work highlights

  • Advised Asian Development Bank on a facility agreement with China Everbright International, to finance the design, construction, operation and maintenance of a portfolio of waste-to-energy projects.
  • Advised Asian Development Bank on a financing for China Water Affairs Group, in relation to waste water management and people’s access to clean water in the PRC.

Kirkland & Ellis International LLP

Focused on private equity sponsors, credit funds and strategic corporate investors, Kirkland & Ellis International LLP's Asia banking and finance team is highly regarded for private equity borrower-side work and complex credit fund matters. The practice covers all key financing products across the Asia Pacific region, including leveraged and acquisition financing matters. With substantial experience in major cross-border financing transactions, David Irvine heads the Asia debt finance practice from Hong Kong, where Jacqueline Zheng is also a key partner.

Practice head(s):

David Irvine

Key clients

KKR

Investor consortium comprising Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd., Ocean Link Partners Limited, and Mr. Jinbo Yao, Chairman of the Board and Chief Executive Officer of 58.com

New Frontier Health Corporation

Bain Capital

A consortium of investors comprising Centurium Capital, PW Medtech Group Limited (HKSE: 1358), CITIC Capital, Hillhouse Capital, Temasek and Marc Chan

The founders of Topcast Aviation Supplies Company Limited

Warburg Pincus

Eddingpharm

Work highlights

  • Advised New Frontier Corporation on the financing for its acquisition of United Family Healthcare.
  • Advised Bain Capital on the financing aspects of its acquisition of a majority stake in ChinData and the merger of ChinData and Bridge Data Centres.
  • Advised KKR on the financing for its acquisition of a majority stake in NVC International Holding’s China lighting business.

Latham & Watkins LLP

Frequently working alongside its private equity, capital markets, derivatives and M&A practices, Latham & Watkins LLP's Greater China banking and finance group acts for both lenders and borrowers on finance transactions in Asia, including syndicated lending, acquisition financing, leveraged lending and recapitalisations, mezzanine facilities, and structured note and private placement transactions. The Hong Kong names to note are Gary HampHoward Lam and Manas Chandrashekar, while Singapore-based Timothy Hia is the local chair of the firm's Asia finance department.

Practice head(s):

Timothy Hia

Testimonials

Responsive, helpful and available, with a great bench and strong individuals. The team also has excellent legal skills and is very commercial.

The practice is very commercial, responsive, service-oriented and has great judgement.

Key clients

Bank of America

Carlyle

Morgan Stanley

Hopu Capital

TPG

Baring Private Equity

Platinum Equity

Warburg Pincus

BNPP

JPMorgan Chase Bank

HSBC

Citibank

Partners Group

Bank of China

Tianqi Lithium Corporation

Tencent Holdings

Huarong International

Work highlights

  • Advised Hopu Investments on an acquisition term loan facility for its acquisition of FWD Group assets.
  • Advised Carlyle Asia Partners on a term loan facility for Carlyle and CITIC’s privatisation of Asia Satellite Telecommunications Holdings.
  • Advised Bank of America on a term loan and revolving credit facility for Tencent Asset Management.

Norton Rose Fulbright

Norton Rose Fulbright's Hong Kong-based team fields international banking transactions specialists, who consistently act on matters involving project, real estate, asset and export credit finance, structured trade and sovereign lending. The broad international banking practice of Hong Kong banking and finance head, Peter Haslam, includes project and acquisition finance, restructurings, capital markets transactions and syndicated loans. Finance specialists Fei Kwok (now at Clyde & Co LLP) and Paul Wee Ei Don left the firm in 2019 and 2020 respectively.

Practice head(s):

Peter Haslam

Paul Hastings LLP

Paul Hastings LLP's banking and finance team advises on a broad range of commercial lending, including acquisition, bond, fund, private equity, project and real estate financing. It also houses experts in convertible debt facilities, loan workout transactions, refinancing, and senior mezzanine and subordinated debt credit facilities. In Hong Kong, James Ma focuses on cross-border transactions in the Greater China region and Asian markets, and Vivian Lam consistently acts for financial institutions and Chinese companies. Former partner Brett King left to become Nexwell's chief legal officer.

Practice head(s):

James Ma; Vivian Lam

Other key lawyers:

Jeff Lee; Hulka Lo

Key clients

China Orient Summit Capital

Kohlberg Kravis Roberts & Co.

Sino-Ocean Land Holdings Limited

Bank of Taiwan

Taipei Fubon Commercial Bank

CTBC Bank

ICBC International Capital Limited

Maybank Investment Bank

WH Group

Standard Chartered Bank

China Everbright Limited

The Carlyle Group

Warburg Pincus

JPMorgan Chase Bank NA

COSCO

Ping An

Shanghai Electric

China Development Bank

Bank of China

China Cinda

Redsun Properties Group Limited

Work highlights

  • Advised a syndicate of lenders, comprising SMBC,  Financiera de Desarrollo Nacional (a Colombian development institution) and China Development Bank, on financing the development, construction and operation of Autopista al Mar 2 in Colombia.
  • Advised Yuzhou Properties on a $220m incremental term loan facility to finance its general working capital requirements.
  • Advised Redsun Properties on its $70m term loan facility, which was granted by a group of financial institutions.

Ropes & Gray LLP

Leveraged and acquisition finance are core business streams for Ropes & Gray LLP's China banking and finance team, which advises private equity sponsors and corporate entities on their financings in Asia Pacific. In Hong Kong, Jackie Kahng is experienced in cross-border, leveraged finance transactions, including acquisition and real estate finance; Hong Kong office managing partner, Daniel Anderson, is also co-head of the firm’s special situations practice and a widely-respected banking and finance partner. Lucy Wu is the counsel to note.

Practice head(s):

Jackie Kahng; Daniel Anderson

Other key lawyers:

Lucy Wu

Testimonials

Daniel Anderson is a go-to lawyer for non-conventional transaction structures. He thinks out of the box and is always able to offer practical solutions to clients. His in-house experience is definitely useful when it comes to understanding the commercial rationale of transactions.

Key clients

Bain Capital Credit

IGIS Asset Management

Work highlights

  • Advised Bain Capital Credit on the financing for its $320m investment in CJ Foods America Corp.
  • Advised IGIS Asset Management on the financing of the acquisition (by a KKR-led consortium) of Namsan Square in Seoul’s central business district.
  • Advised KKR on the refinancing of syndicated loans made to LSA Holdings, LS Automotive Technologies and KCF Technologies.

Stephenson Harwood

Stephenson Harwood's Hong Kong-based banking and finance team is 'highly practical and diligent, and offers clients cost-efficient solutions'. It stands out for its trade finance expertise; its other specialisms cover asset finance (including shipping and aviation finance), structured finance, fintech, investment products, and secured and unsecured lending. Mark Reed heads the non-contentious side of both the finance group and the regulatory practice; and former trade finance head at Bank of America, King-Tak Fung, specialises in banking and international trade law and practice. In 2020, the firm experienced both the closure of its Beijing office and the departure in Hong Kong of Stephanie Wong to Eversheds Sutherland.

Practice head(s):

Mark Reed

Testimonials

The team is highly practical and diligent, and offers clients cost-efficient solutions.

It understands the needs of clients and how to construct terms and conditions that protect the client.

Key clients

Bank of China (Hong Kong) Limited

China Construction Bank Corporation, Hong Kong Branch

China Construction Bank (Asia) Corporation Limited

FundPark Limited

Metro Holdings Limited

TNG (Asia) Limited

Work highlights

  • Advised China Merchants Bank on PRC onshore guarantees and loans.
  • Advised a number of financial institutions (including virtual banks) on various matters, including receivable finance and factoring, among others.
  • Acting for four different banks on four separate term loans to a borrower in the utilities industry.

Pinsent Masons

Pinsent Masons grew its China banking and finance team in 2020, with the hire of Beijing partner Kanyi Lui, who is known for the financing of energy, natural resources, and infrastructure projects, from Jones Day. The practice also assists with general banking, and acquisition, syndicated, structured and trade finance, along with asset-backed financing, corporate lending, restructuring and financial regulatory matters.

Practice head(s):

Kanyi Lui

Other key lawyers:

Winnie Nie

Key clients

Bank of China Limited

Shanghai Pudong Development Zone Sub-branch

Work highlights

  • Advised BOC on a £120m refinancing facility for Shanghai Jahwa United Co, in connection with its acquisition of Mayborn Group.
  • Advised Bank of China, and a syndicate of 11 Chinese and international lenders, on the financing of an integrated stainless steel smelting project.

Simmons & Simmons

Simmons & Simmons' experienced Beijing-based partner Yongmei Cai specialises in banking, cross-border finance, derivatives, debt capital markets and financial regulatory work. In recent years, she has focused on cross-border structured trade and commodities finance transactions, on behalf of international finance institutions. Cai also advises major Chinese finance institutions and corporate clients on their outbound financings.

Other key lawyers:

Yongmei Cai 

Simpson Thacher & Bartlett LLP

Predominantly advising private equity and corporate borrowers, Simpson Thacher & Bartlett LLP's Hong Kong-based practice advises on large and high-profile Asia-related acquisition and real estate financings, as well as other complex financings. Focused on cross-border financing transactions throughout the Asia Pacific region, Makiko Harunari is the firm’s Asia banking and credit practice head.

Practice head(s):

Makiko Harunari

Key clients

Ant Financial

The Blackstone Group

KKR & Co. Inc.

Calsonic Kansei (n/k/a Marelli Corporation)

Goodpack Limited

Hitachi Koki (n/k/a HiKOKI Power Tools)

PHC Holdings Corporation

SoftBank

Work highlights

  • Advised a SoftBank Group Corp subsidiary on a margin loan financing.
  • Acted for KKR on the financing surrounding its announced acquisition of five solar energy assets from Shapoorji Pallonji Infrastructure Capital.
  • Advised a KKR-led consortium on financing matters, which related to its acquisition of all the issued and outstanding shares of LCY Chemical Corp.

Skadden, Arps, Slate, Meagher & Flom LLP

With 'deep experience in banking and finance, up-to-date market insights and superb work ethics', Skadden, Arps, Slate, Meagher & Flom LLP is particularly noted for borrower side-deals. The finance team consistently works alongside the firm's corporate and M&A group on acquisitions, including PRC going-private transactions. With over 30 years’ experience in the banking and finance sector, of counsel John Hartley, who 'knows what he is doing', advises on banking matters for clients throughout Asia.

Practice head(s):

John Hartley

Other key lawyers:

Rosanna Passmore

Testimonials

The team has deep experience in banking and finance, with up-to-date market insights, superb work ethics and industry prestige.

John Hartley knows what he is doing, but he also plans and strategises ahead for clients, so that they are in the best position to negotiate and execute deals.

Key clients

Trip.com Group Limited

Lufax Holding Ltd.

PT Medco Energi Internasional Tbk

Work highlights

  • Advised Trip.com Group on a high-value facility agreement.
  • Advised Trip.com Group (Nasdaq listed) on a transferable term and revolving loan facility.
  • Advised Lufax Holding (Cayman Islands) on a three-year syndicated facility, which was borrowed by a Hong Kong subsidiary of Lufax and guaranteed by Lufax.

Watson Farley & Williams

Watson Farley & Williams' Hong Kong-based team is best known for its maritime finance expertise; the practice also includes experience in related sectors such as offshore oil and gas, LNG, container boxes, ports and logistics, and cruise and ferries. Madeline Leong, Christoforos Bisbikos, Khin Voong and Guan Jian are all experienced finance practitioners.

Other key lawyers:

Valerie Lee; Jonathan Keats

Key clients

BNP Paribas

DNB Bank Singapore and Oslo Branches

Bank of America N.A.

Sumitomo Mitsui Banking Corporation

Export-Import Bank of China

Credit Agricole Asia Shipfinance Limited

Credit Suisse

Citibank N.A.

China Merchant Bank Financial Leasing

China Merchants Commerce Financial Leasing Co., Ltd

ICBC Financial Leasing

Pacific Basin Shipping Limited and PB Vessels Holding Limited

Kris Energy

Work highlights

  • Advised a consortium of lenders on a $193m syndicated loan facility to  refinance (partially) the acquisition by subsidiaries of CMB Financial Leasing of two large container vessels.
  • Advised CMBFL on a $415.6m sale and lease back transaction of 20 chemical tankers with Stolt Tankers, the proceeds of which were used to refinance debt secured on the vessels.
  • Advised MUFG Bank (Hong Kong Branch) and Standard Chartered Bank (Tokyo Branch) on a $185.2m Japanese operating lease financing for two container vessels for Bank of Communications Financial Leasing Co.