Banking and finance in Taiwan

Baker McKenzie

Baker McKenzie routinely advises leading Taiwanese and international investment banks, corporate borrowers, and government agencies on the full spectrum of banking and finance work. Core competencies for the team include banking sector M&A, various portfolio securitisations, and the structuring of acquisition finance vehicles. The practice is jointly overseen by two partners: Justin Liang, who focuses chiefly on project funding matters, and Hao-Ray Hu, who regularly leads on TMT sector financings and acquisitions. Senior consultant Bee Leay Teo is noted for her regulatory knowledge and experience in credit facility agreements. Wayne Yang concentrates on sale and lease back transactions – especially in the commercial aviation sector. All named lawyers are based in Taipei.

Practice head(s):

Justin Liang; Hao-Ray Hu

Other key lawyers:

Bee Leay Teo

Key clients

Copenhagen Infrastructure Partners

Far Eastern International Bank, Ltd.

CTBC Bank Co., Ltd.

Vena Energy

Universal Scientific Industrial Company, Ltd.

Bank of Taiwan

Hua Nan Commercial Bank

Lotus Pharmaceutical Co.

Work highlights

  • Acted for Copenhagen Infrastructure Partners as its Taiwan counsel on the USD $1bn+ project financing of the 589MW Changfang Xidao Offshore Wind Farm Project in Changhua county, Taiwan.
  • Assisting CTBC Bank Ltd with a USD $600m loan facility to Kingston Technology International Limited.
  • Advised Hua Nan Commercial Bank on the USD $1.46 billion credit facility to Tien Chong Energy Corporation for the establishment of the Tien Chong Solar Power Plant Project.

Jones Day

Jones Day‘s stature in the region ensures that they are routinely engaged by a number of leading banks and financial services corporations on syndicated loan arrangements, bond issuances, and other debt financing matters. Practice head Raymond Wang specialises in banking M&A, share swaps, and IPOs for foreign issuers seeking a listing on the TWSE or TPEx. Yen-Chen Chen is experienced in a range of capital market transactions, cross-border investments, and financial market disputes.

Practice head(s):

Raymond Wang

Other key lawyers:

Yen-Chen 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 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.

A great number of domestic and international merchant banks, securities firms and insurers turn to Lee & Li, Attorneys at Law for its capabilities in distressed asset management, regulatory reforms, and project financing across a range of sectors. The team is noted for its capabilities in mainland China, providing cross-strait clearing services to its regional client base. Banking head Robin Chang works with a number of major foreign commercial and investment banks with local operations in Taiwan, advising on high-value syndicated loans and financial consumer protection issues. Patricia Lin is recommended for her expertise in renewable energy bond issuance, and aviation and shipping financing. Abe Sung concentrates on foreign issuer IPOs and cross-border securitisation deals. Odin Hsu focuses on syndicated loan and project financing transactions in the renewable and shipping sectors.

Practice head(s):

Hsin-Lan Hsu

Testimonials

‘In-depth knowledge of the Taiwanese offshore wind industry.’

‘Odin Hsu is incredibly hardworking and always seems to know the answer! Robin Chang and CT Chang are also always on hand.’

Key clients

Citibank Taiwan Limited

Standard Chartered Bank (Taiwan) Limited

BNP Paribas Taipei Branch

Australia and New Zealand Banking Group Limited Taipei Branch

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

  • Acted as the Taiwanese counsel to the CTBC-led syndicate, advising on various issues.
  • Advising CTBC Bank and 16 other banks regarding a syndicated loan arrangement.
  • Advised a consortium of international banks on a €175m facility to finance CSBC-DEME Wind Engineering Co., Ltd.

Lin & Partners Attorneys-At-Law

Lin & Partners Attorneys-At-Law advises international investment banks, global institutional investors, and Taiwanese branches of global banks on cross-border transactional and regulatory matters. Led by George Lin, the team has recently expanded its offering with the launch of a dedicated fintech, blockchain, and cryptocurrency desk. Lin routinely handles facility loan agreements in the e-payment, crypto, and AI banking space, while co-practice head Kaiju Lee is a key contact for financial institutions and private investors navigating sector-specific regulations. Ted Liu is a certified securities and futures specialist who concentrates chiefly on transnational disputes and structured financings. All named lawyers are based between Taipei and Kaohsiung.

Practice head(s):

George Lin; Kaiju Lee

Other key lawyers:

Ted Liu

Testimonials

‘Lin and Partners are extremely proactive, forward looking, and client-oriented.’

‘George Lin is a fantastic partner to work with. Able to spot talent and is a great all-rounder, including being involved in academia and policy work. He is keen to branch out and work with individuals from other jurisdictions and always looking to provide the best service for his clients.’

 

Key clients

Bankers Association of the Republic of China (“BAROC”)

Bank Sinopac Co., Ltd

Rapyd Holdings Pte. Ltd.

JKOS Network Co., LTD.

Paypal Pte Ltd

HappyFan7 (21st Century Technology Co.)

GoldBit Technology, Ltd.

Enlighten Law Group

Enlighten Law Group routinely acts for various regional players in energy, fintech, venture capital, and economic policy, advising on a host of banking and finance matters. In recent months, the team has handled regulatory reviews for fast-growth startups, and variable interest entity structures for significant cross-border investors. Kunchou Tsai specialises in blockchain, financial regulations, and investment disputes regarding high-risk derivative products. Futures specialist and former TWSE commissioner Jingfan Chen is also recommended.

Testimonials

‘The boutique sized team has a broader professional scope in terms of specialised services. They went above and beyond to understand my case, despite the fact that there were very few precedent cases in Taiwan. The team is willing to take on new challenges in emerging fields as well, such as recent regulatory changes related to cryptocurrency.’

‘Leading Partner Kunchou Tsai is a highly efficient, responsive, and knowledgable professional who treats each client with a high level of dedication. He is highly observant towards human nature, often correctly anticipating the following actions of counter parties long before they occur.’

‘Enlighten Law is a firm with an international focus. Enlighten’s partner, Mr. Kunchou Tsai, is well-versed in Taiwanese as well as U.S. and English law. The Enlighten Law team is very responsive and easy to collaborate with. It is a privilege to work with them.’

Key clients

Adam Technologies

Attittu, LLC

BitRabbit Exchange

Bitvoice

Brilliant Optronics

Bureau of Foreign Trade, Ministry of Economic Affairs

Cadesigner Engineering Sp. z o.o.

Cibizo

Climax Technology

Coinvoice

Contentos Foundation

CSX Inc.

CYBAVO

Global Wind Service A/S

Hong Kong Sujitech Holding Limited

How Invest Co., Ltd.

iKala Interactive Media Co., Ltd

Jinxin Fertility Group Limited

K-Hands Digital Technology Co., Ltd.

LiRise Technology

Mercedes-Benz Taiwan

Ministry of Health and Welfare

New Crop Capital

Offshore Wind Consultants Limited

Oriental Verse

Pelith Technology Co., Ltd

Samarkand Global Limited

TECO Electric & Machinery Co., Ltd.

Tien-Li Offshore Wind Engergy

TomoTouch Ltd.

Trading Technologies International, Inc.

UserXper Digital Consulting Co., Ltd.

Vivobarefoot Ltd.

Wei-Wei Electronics Co., Ltd.

Work highlights

    Formosan Brothers Attorneys at Law

    Formosan Brothers Attorneys at Law‘s multidisciplinary team advises a mix of foreign corporates and Taiwanese banks on asset-backed loan facilities, utility project financings, and compliance reviews. Li-Pu Lee is experienced in cross-border financial sector M&A. Senior Consultant Terry T.H. Tu is a certified securities specialist who represents underwriters on bond issuances and prospective over-the-counter (OTC) share listings. Kuo-Ming Huang‘s experience as a public prosecutor sees him assisting US and Taiwan-listed OTC companies mounting defences against  various alleged violations. Meng Chin Tsai is experienced in derivative product disputes. All named lawyers are based in Taipei.

    Other key lawyers:

    Kuo-Ming Huang; Meng Chin Tsai

    LCS & Partners

    Led by cross-border specialist Mark Harty and venture capital-focused Winnie Wei, the banking and finance team at LCS & Partners act for an array of stakeholders on cross-border financings and loan reviews. Securitisation and structured finance expert David Chuang is experienced in asset purchases of domestic and overseas REITs. Alex Yeh is noted for cross-border investments and secured loan arrangements, while Stephanie Peng handles transnational private equity transactions.

    Other key lawyers:

    Alex Yeh; Stephanie Peng

    Tsar & Tsai Law Firm

    Working closely with the firm’s energy practice, Tsar & Tsai Law Firm regularly advises domestic and international lenders on project financings and syndicated loan facilities for numerous solar and offshore wind developments. Practice head Jackie Lin is a key contact for many of the firm’s lender clients, while Janice Lin is recommended for her ability to work with regulatory authorities on renewable energy transactions and financing structures.

    Practice head(s):

    Jackie Lin; Janice Lin

    Key clients

    Consortium of investors, including CDPQ (Caisse de dépôt et placement du Québec) and Taiwanese private equity fund Cathay PE.

    Work highlights

    • Advised a consortium of world-leading investors related to the acquisition of a 50% ownership stake in the Greater Changhua 1 Offshore Wind Farm.

    Chien Yeh Law Offices

    Chien Yeh Law Offices works with numerous major Taiwanese banks and financial institutions on incorporations, registrations, syndicated loans, and debt financings. In addition to his regulatory expertise, practice head Chien-Ting Yeh handles an array of contentious instructions, focusing especially on negotiable instrument and securities exchange litigations. Hui-Yi Cheng is noted for Taiwan Futures Exchange disputes.

    Practice head(s):

    Chien-Ting Yeh

    Other key lawyers:

    Hui-Yi Cheng