Banking and finance in Taiwan

Baker McKenzie

Baker McKenzie has a market-leading banking and finance practice with strength in handling complex financing transactions and syndicated lending matters. The team works across Southeast Asia and is able to leverage its international offering with offices in Hong-Kong and Singapore to assist on big-ticket transactions. Overseen by a trio of key partners; Justin Liang heads the team with support from Wayne Yang and Bee Leay Teo. Hao-Ray Hu is a core member of the team and is recommended for his M&A-related banking expertise, as is associate Evangeline Wang. Murray Bowler is the contact for renewable energy project financing. Global investment banks and government agencies are all clients.

Other key lawyers:

Hao-Ray Hu; Murray Bowler

Testimonials

‘Baker McKenzie Taiwan shared valuable feedback and offered the professional cross-border legal capacity in the interest of time. It facilitated our firm to win the bidder. Meanwhile, our in-house legal department was satisfied to review all documents which were provided by Baker McKenzie. Bee Leay Teo, Peggy Chiu and Yiting Lin are the core partners to serve our deal.’

Key clients

ANZ Banking Group Ltd.

Vena Energy

Far Eastern International Bank, Ltd.

BNP Paribas

Taishin International Bank Co., Ltd.

Lotus Pharmaceutical Co.

Standard Chartered Bank (Taiwan) Ltd.

ING Bank N.V., Taipei Branch

Work highlights

  • Australia and New Zealand Banking Group Limited, acting through its Taipei branch entered into a receivables purchase financing transaction with Compal Electronics, Inc., one of Taiwan’s leading high-tech product manufacturing companies, to support the financing of its operations. This was the largest cross-border receivables purchase financing transaction in Taiwan in 2019.
  • Advised BNP Paribas in a syndicated revolving loan facility to finance Ørsted’s development of offshore wind farms in Taiwan.
  • Assisted Standard Chartered Bank restructure its shareholding in Standard Chartered Bank (Taiwan) Ltd.

Jones Day

The banking practice at Jones Day has strength in handling domestic and cross-border transactions, and provides an international offering via its offices dotted around the Southeast Asian region. The team is led by Raymond Wang and handles the full scope of financing matters including high-value projects and real estate financing. On top of this, the group is also proficient in securities work, cross-Strait transactions, and foreign investments. Tommy Chen is a core member of the group and handles the corporate aspects of banking matters.

Practice head(s):

Raymond Wang

Other key lawyers:

Tommy T. Chen

Key clients

Cathay United Bank

Fubon Financial Holding Co. Ltd.

Yulon Group

United Renewable Energy Co., Ltd.

Chinatrust Financial Holdings Co. Ltd.

Work highlights

  • Advising Yulon Group regarding a syndication loan facility, under which the Bank of Taiwan will arrange and extend a NTD 10 billion term loan facility to Yulon to finance a housing development and construction project.
  • Assisting StrongLED in applying for public offering of convertible bonds and listing on the Taipei Exchange.
  • Assisting United Renewable Energy as borrower in the review, negotiation and translation of the loan agreement with King’s Town Bank, as well as in the loan drawn-down process.

Lee and Li, Attorneys-at-Law

At Lee and Li, Attorneys-at-Law, the banking practice covers financing mandates across projects, aircraft, and shipping as well as syndicated lending matters. Jointly led by Robin Chang and capital markets expert Abe Sung, the team advises financial institutions and lenders on foreign investment matters. The group also works with Chinese clients, holding a number of leading domestic and international banks and securities firms as clients. Senior consultant Patricia Lin is also of note, and handles capital market transactions.  Sara Wu was promoted to the partnership in January 2020.

Practice head(s):

Robin Chang; Abe Sung

Other key lawyers:

Patricia Lin

Key clients

Citibank Taiwan Limited

Standard Chartered Bank (Taiwan) Limited

BNP Paribas Taipei Branch

Australia and New Zealand Banking Group Limited Taipei Branch ANZ Bank (Taiwan) Limited

BANCO BILBAO VIZCAYA ARGENTARIA, S.A., Taipei Branch

DBS Bank (Taiwan) Ltd., Co.

Mizuho Corporate Bank, Ltd. Taipei Branch

UBS AG Taipei Branch

Crédit Agricole Corporate and Investment Bank

Société Générale, Taipei Branch

Goldman Sachs (Asia) L.L.C., Taipei Branch

Work highlights

  • Advised the Sponsor/Borrower of Formosa 2 Wind Power Co., Ltd. on the project financing for NT$62.4 bn (approximately $2bn)
  • Advised the Sponsor/Borrower wpd AG on the project financing for NT$94 bn which is approximately $3bn.
  • Advised consortium of banks on funding for a NT$ 90bn, which is approximately $3bn to an Energy company.

Lin & Partners Attorneys-At-Law

Lin & Partners Attorneys-At-Law holds a number of leading investment banks and financial institutions as clients and is jointly led by George Lin and Kaiju Lee who split their time between Taipei and Kaohsiung. The practice advises on structured financing and capital market transactions, as well as providing banking-related litigation work. Senior associate Ted Liu supports on cross-border transactions and has experience in securities. Fintech is a growing practice at the firm, as is cryptocurrency; both types of work are headed by Lin.

Practice head(s):

Dr. George Lin; Kaiju Lee

Other key lawyers:

Ted Liu

Key clients

Bank of Sinopac

Credit Suisse

Paypal Pte Ltd

eBay

Wirecard Asia Holding Pte Ltd

Mercedes-Benz Financial Services Taiwan Ltd.

Mercedes-Benz Insurance Services Taiwan Ltd.

Mercedes-Benz Leasing Taiwan Ltd.

HappyFan7

Formosan Brothers Attorneys at Law

Formosan Brothers Attorneys at Law handles banking matters for commercial banks and financial institutions across corporate finance, project finance, and international financial planning matters. Managing partner Li-Pu Lee is recommended for banking litigation due to his experience as an arbitrator, and compliance expert Terry Tu is recommended for cross-border investment deals.

Lexcel Partners

Lexcel Partners' full-service banking practice advises financial institutions on regulatory compliance, licensing matters, and off-shore funds. Led by key partner Stacy Lo, the team also contains Echo Yeh who specializes in M&A related banking transactions, and Sue Su.

Practice head(s):

Ms. Stacy Lo

Tsar & Tsai Law Firm

The banking and finance practice at Tsar & Tsai Law Firm has strength in the renewable energy space and acts for leading domestic and international banks on project financing matters. Jackie Lin acts for both borrowers and lenders on financing transactions and handles cross-border projects, whilst Janice Lin is the main contact for energy-related finance work and continues to be instructed on the Formosa 1 offshore wind project. The team advises on compliance matters and handles contentious work.

Other key lawyers:

Janice Lin

Key clients

Consortium of 20 Taiwanese and international financial institutions for Formosa 2 offshore wind project financing: Taiwan Life

Entie Commercial Bank

E.SUN Commercial Bank

Taipei Fubon Commercial Bank

KGI Bank

Cathay United Bank

ANZ Banking Group

BNP Paribas

Commerzbank

Credit Agricole Corporate and Investment Bank

DBS Bank

HSBC

ING Bank

MUFG Bank

Natixis

OCBC

Siemens Bank

Société

Générale

Standard Chartered Bank

Sumitomo Mitsui Banking Corporation

19 domestic and foreign banks for WPD Yunlin offshore wind power project, including: Fubon Bank

CTBC Bank

Cathay United Bank

E.SUN Commercial Bank

BNP Paribas

Commerzbank

DBS Bank

Deutsche Bank

ING Bank

Crédit

Agricole Corporate and Investment Bank

KFW Bankengruppe

Mizuho Bank

Standard Chartered

Société

Générale

Natixis

Siemens

OCBC Bank

MUFG Bank

Sumitomo Mitsui Banking Corporation

Kongsberg Gruppen ASA

Work highlights

  • Representing Taiwan legal counsel for the financing parties, a consortium of 20 Taiwanese and international financial institutions, in successfully closing the Formosa 2 (376 MW) offshore wind project financing.
  • Representing Taiwan counsel for 19 domestic and foreign banks, including Sumitomo Mitsui Banking Corporation, and successfully assisting the syndicate banks in completing the project financing of German company WPD AG 640MW Yunlin offshore wind power project dated on May 30, 2019. The total amount of financing reached $3.3bn making it the largest project financing in the Asia-pacific region.
  • Assisting Kongsberg Gruppen ASA in the successful acquisition of Rolls-Royce Commercial Marine, a transaction of approximately $525,000.

Chien Yeh Law Offices

At Chien Yeh Law Offices, the banking practice covers all aspects of financing matters and cross-border transactions. Headed by Chien-Ting Yeh, the team has experience in syndicated loans, and provides financial sector clients with a corporate offering. senior counsel Emily Lee focuses on foreign investment and assists the business to be listed on the Taiwan Stock Exchange.

Practice head(s):

Chien-Ting Yeh

Other key lawyers:

Emily Lee

Enlighten Law Group

At Enlighten Law Group, the team handles cross-border banking transactions as well as cross-Strait work for financial institution clients. The practice has experience in financial investment litigation and offers a thriving fintech practice including cryptocurrency and blockchain technology – Kunchou Tsai is the key name to note here. Elsewhere, Laurence Kao, who splits his time between Taipei and Shanghai, focuses on corporate law. Leon Huang is the other contact who jointly leads the group.

Testimonials

‘We cooperated with this firm in proceedings between parties in Taiwan and in Norway. Our experience with this cooperation was absolutely flawless.’

‘Kunchou Tsai was our only contact. We especially appreciated three types of skills: He was always prompt and expedient in answering. He was always very clear – no-nonsense. He caught legal aspects of any raised question instantly.’

‘This law firm is reasonable. Their memo is easily understandable and good. Their response is always fast and friendly.’

‘Enlighten Law Group has professional experiences on banking and financing issues, so that makes my team deal with the projects easily for clients. The group can provide my team better cases to analyze the projects.’

 

Key clients

Adam Technologies

BitRabbit Exchange

Bonteck

Bitvoicex

Cibizo

Climax Technology

Contentos Foundation

CSX Inc.

How Invest Co., Ltd.

New Crop Capital

Offshore Wind Consultants Limited

Oriental Verse

Samarkand Global Limited

TECO Electric & Machinery Co., Ltd.

Tien-Li Offshore Wind Energy

Vivjack

Vivobarefoot Ltd.

Womany

LCS & Partners

LCS & Partners' banking and finance practice is led by Mark Harty Esq.  who has over two decades of experience in the financing space. The team covers financing matters and acts for lenders on transactions. Alex Yeh handles some cross-border work and restructuring matters.

Practice head(s):

Mark Harty Esq.

Other key lawyers:

Alex Yeh

Key clients

Norton Rose

Far Eastern International Bank

Work highlights

  • Advised the Lender to finance Stonepeak Investment Holdings LP for $145 m credit facility in the transaction where Stonepeak purchases 95% shares in Swancor Renewable Energy Co., Ltd.
  • Advised lender Far Eastern International Bank on a facility loan transaction in the amount of $ 14.5m.