Hall Of Fame

Next Generation Partners

Firms To Watch: Capital markets

Russin & Vecchi (International Legal Counsellors)’s capital markets team, led by Thomas McGowan, has established a strong reputation for its work in relation to public and private securities offerings, particularly the issuance of Formosa bonds by international financial institutions.

Capital markets in Taiwan

Baker McKenzie

Baker McKenzie’s capital markets and securities team has a stellar reputation for handling a wide range of matters, including stock listings for local and foreign companies, both global and American depository receipts listings, and commodities futures transactions. Wen-Yen Kang, with considerable experience in the capital markets space and expertise in cross-border equity offerings, and Alex Chiang, a special senior consultant, licensed to practice in the US and specialising in equity capital markets and equity listings, jointly lead the team. Mark Tu plays a key role, particularly on cases involving cross-border securities offerings.

Practice head(s):

Wen-Yen Kang; Alex Chiang

Other key lawyers:

Mark Tu


Exceptional expertise in subject matter, the team is resourceful, responsive, diligent.

Key clients

Fubon Financial Holding Co., Ltd.

JPMorgan Securities PLC

WT Microelectronics Co., Ltd.

TS Lines Ltd.

Cathay Financial Holding Co., Ltd.

Ainos Inc.

Yageo Corporation

Wistron Corporation

Panjit International Inc.

KHL Capital / Growww Co. Ltd.

Work highlights

  • Acted as the Taiwan legal counsel to Yageo Corporation, an electronic component manufacturing firms, in relation to its offering of 63,400,000 common shares, in reliance of Rule 144A and Regulation S, to sponsor the issuance of 12,680,000 global depositary shares worth US$649.85 million on the Luxembourg Stock Exchange.
  • Acting as the Taiwan counsel to TS Lines, the Taiwan-based liner operator, in relation to its reorganisation and filing for IPO in the Hong Kong Stock Exchange to support its fleet expansion and business development.
  • Acted for Ainos Inc., a US and Taiwan-based diversified MedTech company, in connection with its uplisting to Nasdaq and reverse stock split.

Lee and Li, Attorneys-at-Law

Lee and Li, Attorneys-at-Law is a major player in the capital markets space, with notable expertise in the technology, energy, financial services, and manufacturing industries, among others. Patricia Lin offers major clients considerable experience in relation to the issuance of American, global and Taiwanese depository receipts as well as in Euro-convertible and Euro-exchangeable bonds. She has also previously assisted Deutsche Bank in its launch of the first USD-denominated and RMB-denominated Formosa Bonds in Taiwan. Abe Sung has experience advising companies and underwriters in connection with IPOs and TDR offerings in Taiwan and recently led the group’s representation of a Cayman Islands-registered micro-LED technology company in connection with its listing on the Taiwan Stock Exchange.

Practice head(s):

James Huang

Other key lawyers:

Abe Sung; Mark Yu; Patricia Lin; Robin Chang; Sarah Wu


‘Patricia Lin is exceptional. Her ability to navigate complex regulations and ever-evolving trends ensures that her strategies are not only legally sound but also adaptive. This proactive approach sets her apart in an industry where staying ahead is crucial.’

‘Lee and Li Attorneys-at-Law’s capital markets team always provides constructive input and views on global financial law issues, especially in South Asia and North America. The team is very experienced.’ 

‘The team possesses an extraordinary depth of legal knowledge and experience. This allows them to provide nuanced and effective solutions to even the most intricate legal challenges.’

Key clients

Goldman Sachs

Morgan Stanley

Deutsche Bank


JP Morgan

Credit Suisse

Standard Chartered Bank (Taiwan) Limited

The Hong Kong and Shanghai Banking Corporation Taipei Branch

Nomura Int’l (HK) Ltd

Barclays Capital Asia Limited

Credit Agricole Corporate & Investment Bank Taipei Branch

Work highlights

  • Representing a Cayman Islands-registered company, in relation to its application for listing on Taiwan Innovation Board of Taiwan Stock Exchange (“TIB”).
  • Acting as Taiwan counsel for a special purpose vehicle held by a consortium, in relation to local law compliance and specifically legal issues relating to Formosa bonds, i.e., international bonds listed on the Taipei Exchange.
  • Advised a foreign government, acting through the Ministry of Finance, in relation to its US$12.5 billion bond offering in Taiwan due in 2052 at the fixed rate of 4.951%.

Tsar & Tsai Law Firm

Tsar & Tsai Law Firm’s strong capital markets practice, led by Jackie Lin and Yvonne Liu , specialises in large-scale, domestic and cross-border IPOs and securities offerings. Lin, licensed to practice both in Taiwan and New York, regularly advises local and offshore securities issuers and investment bankers on stock exchange listings as well as securities regulations relating to the issuance, offering and placement of a variety of investment instruments. The practice has a strong presence in the tech sector and recently represented a technology company in relation to its spin-off listing on the Hong Kong Stock Exchange, involving a preferential offering to the controlling shareholder of the company. Liu advises issuers on all types of capital markets products and has considerable experience handling cases involving cross-border public offerings and the private placement of securities.

Practice head(s):

Jackie Lin; Yvonne Liu

Key clients

Onewo Space-Tech Service Co.

Lai Sun Development Company

Gogox Holdings Limited (formerly named as 58 Freight Inc.)

Lai Sun Garment International Limited

Jadard Technology Inc.


Taiwania Capital Management Corporation

Compagnie Générale des Etablissements Michelin

Schneider Electric SE

Compagnie de Saint-Gobain

K&L Gates

K&L Gates’ capital markets practice, led by James Chen, has an established presence in Taiwan, with equity capital markets lawyers specialising in businesses listings and delistings, and debt capital markets lawyers regularly advising issuers and lead managers in relation to the full range of products, including high-yield and investment-grade debt, convertible bonds, commercial paper programs, and medium-term note issues. Managing partner Jacqueline Fu counts capital markets work as a core part of her practice, and recently advised a client in connection with its delisting transactions, facilitated by a stock swap with an investment firm.

Practice head(s):

James Chen

Other key lawyers:

Jacqueline Fu

Key clients

Cloud Mile Inc.

Gorilla Technology Group Inc.

Silicon Motion Technology Corporation

Taiwan Liposome Company Ltd.

Work highlights

  • Advised Silicon Motion Technology Corporation on entering into a US$3.8 billion cross-border take-private acquisition with MaxLinear, Inc.
  • Represented Gorilla Technology Group Inc., a Cayman Islands-exempted company in relation to a business combination with Global SPAC Partners Co., a blank cheque company, and Gorilla Merger Sub, Inc., a wholly owned subsidiary of Gorilla Technology Group Inc.
  • Advised TLC in connection with its go-private transaction with Woods Investment Co., Ltd. by means of a stock swap.

Lin & Partners Attorneys-At-Law

Lin & Partners Attorneys-At-Law capital markets practice, led by managing partner George Lin, is widely reputed for its experience advising investment banks, institutional investors, and issuers in relation to a wide range of matters, including equity- and debt-linked derivatives, structured and commodities-linked products, IPOs, convertible bonds, and depository receipts. Lin has considerable expertise in this area and has assisted various government agencies on capital markets matters for several decades. Senior associate Ted Liu is a securities and futures specialist.

Practice head(s):

George Lin

Other key lawyers:

Ted Liu


‘George Lin has extensive experience working with international financial institutions. The firm is also a leader in the areas of cryptocurrency and other new industries like gaming.’

‘The service quality and attention the firm provide is one of the best in the industry.’

Chen & Lin Attorneys-at-Law

With considerable experience in both local and cross-border transactions, including IPOs, Jennifer Wang heads Chen & Lin Attorneys-at-Law’s capital markets offering, which has recently represented clients in the semiconductor, securities, and electronics sectors, among others. Doris Lu has considerable expertise handling domestic and overseas IPOs.

Practice head(s):

Jennifer Wang

Other key lawyers:

Doris Lu

Key clients

元大證券股份有限公司 Yuanta Securities Corp.

欣興電子股份有限公司Unimicron Technology Corp.

LCS & Partners

LCS & Partners, led by Amy Chin, offers broad capital markets expertise, including in relation to IPOs, to domestic and overseas clients, especially those in the technology and telecommunications sectors. The department specialises in cross-border securities offerings.

Practice head(s):

Amy Chin