Firm Profile > Ashurst > Hong Kong, Hong Kong

Ashurst
11/F JARDINE HOUSE
1 CONNAUGHT PLACE
CENTRAL HONG KONG
Hong Kong

Hong Kong > Structured finance and securitisation Tier 2

Ashurst is noted for its expertise in derivatives, structured finance, and securitisation; with vast experience in multi-jurisdictional transactions and regulatory matters. The practice specialises in derivatives, including OTC cleared and exchange-traded derivatives, and has a strong presence across Greater China. It also advises on fixed income and structured credit; and structured equity financings and margin loans. The firm leverages mandates from large international banks, regional banks, and financial institutions such as securities houses. Beijing-based Patrick Phua heads the team. Peter Kwon heads the securitisation practice and is experienced in large cross-border matters. Jonathan Chapman is a new addition to the team.

Practice head(s):

Key clients

Bank of China

BNP Paribas

China Everbright Bank

Commerzbank

Credit Suisse

Goldman Sachs

Guotai Junan Securities

HSBC

ICBC International

Natixis

Hong Kong > Capital markets (debt) Tier 3

Ashurst is well-regarded for its advice to issuers, underwriters, sponsors, lenders, trustees, agents and credit enhancement on a broad range of debt capital markets matters. The team has strong support from the finance department which provides expertise in banking, derivatives, regulatory, restructuring and structured finance. With Mandarin, Cantonese, English, Korean, Japanese in the team, it is well-positioned to handle matters across Asia-Pacific. The practice is headed by Sydney-based Jamie Ng and Beijing-based Patrick Phua . Key practitioner Jini Lee acts for corporate issuers on international mandates. Nigel Pridmore is recommended. Melody He-Chen joined as partner from DLA Piper.

Practice head(s):

Testimonials

‘They are highly professional and have been very helpful on our work’.

‘The team posses in-depth knowledge of the debt market and can thus provide constructive advice’.

‘Jini Lee and her team provide excellent services’.

Key clients

Bank of China Limited, Macau Branch

The Macau Chinese Bank Limited

Luso International Banking Limited

Industrial and Commercial Bank of China (Macau) Limited

China Construction Bank Corporation Macau Branch

CEB International Capital Corporation Limited

CNCB (Hong Kong) Capital Limited

Huajin Securities (International) Limited

ICBC International Securities Limited

Ping An of China Securities (Hong Kong) Company Limited

Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch

CCB International Capital Limited

China Industrial Securities International Brokerage Limited

Hong Kong > Capital markets (equity) Tier 3

Ashurst  is well-regarded for handling IPOs and other ECM transactions for investment banks and financial institutions, as well as businesses in the pharmaceutical, biotech, digital economy, infrastructure, and energy and natural resources sectors. Areas of focus include entitlement offers, equity subscriptions, rights issues, private placements, block trades and buy backs. Head of practice Frank Bi is experienced in global transactions and compliance matters. Melody He-Chen, who recently joined from DLA Piper, jointly heads the team and focuses on securities offerings. Stuart Rubin is the name to note in London. Counsel Li Jiang is dual-qualified in the State of New York and Hong Kong.

Other key lawyers:

Testimonials

‘Ashurst provides high quality, efficient and commercial solutions to clients that facilitates the smooth execution of transactions’.

‘The team is responsive and communicates effectively’.

‘The level of dedication at the senior level from Ashurst is excellent’.

‘Stuart Rubin is very hands-on and dedicated as a senior partner’.

‘Stuart Rubin has good commercial sense and a deep understanding of international capital markets and investment banks’.

Key clients

Investment banks such as Goldman Sachs, Citi, Credit Suisse, UBS, Nomura, BofA Merrill Lynch, Nomura, etc.

JP Morgan

CMB International

ICBC International

Panda Green Energy Group Limited

Inke Limited

Kintor Pharmaceutical Limited

CEB International

CCB International

Haitong Securities

Hong Kong > Corporate (including M&A) Tier 3

Ashurst has an integrated team across Beijing, Hong Kong and Shanghai, under the leadership of Sydney-based Mark Stanbridge. It handles high-profile cross-border M&A and has noted experience in the banking sector, enabling it to leverage finance and capital markets expertise to support M&A transactions. Key client sectors include energy and resources, infrastructure, mining, retail and consumer, digital economy and venture capital. Managing partner of the Hong Kong office, Joshua Cole  handles M&A and joint ventures across Asia. John Kim heads the Korea desk from Hong Kong. Melody He joined as partner from DLA Piper.

Practice head(s):

Key clients

Hyundai Motor Group

ITOCHU Corporation

Panda Green Energy Group Limited

Inke Limited

CCB International Asset Management Limited

Choi Shun Investment Limited

BGC Partners and Ed Broking (Hong Kong) Limited

Macquarie Capital and Covanta Energy, LLC

Hong Kong > Investment funds Tier 3

The investment funds practice at Ashurst focuses on private close-ended funds across all alternative asset classes. It is particularly experienced in regulated industries such as real estate, infrastructure and energy. The team is well-placed to advise institutional investors on cross-border investments into private funds in Asia, with an integrated team spanning Hong Kong, Singapore and London. Dean Moroz, who heads up the team in Hong Kong, focuses on asset management and advises sponsors, first time fund managers and niche fund managers on the structuring and establishment of open and closed-ended funds.

Other key lawyers:

Testimonials

‘Commercial and pragmatic team’.

‘Willingness to solve a problem’.

‘Dean Moroz is technically strong, yet pragmatic and commercial’.

Key clients

Alberta Investment Management Company

APG Strategic Real Estate Pool N.V.

Asia Summit Capital

Delta Capital Myanmar

Heitman Asia-Pacific Property Investors AIV, L.P.

Mitsui Alternative Investments

PGGM Vermogensbeheer B.V.

Provest Holdings Ltd

PT Sarana Multi Infrastruktur (Persero)

Weave Co-Living

Hong Kong > Regulatory Tier 3

Ashurst houses a 'strong financial services regulatory practice'. The team provides 'commercial and pragmatic advice' across a broad range of contentious and non-contentious regulatory matters. James Comber heads up the contentious side of the practice, while the 'very knowledgeable' Ben Hammond leads on the non-contentious side. In 2019 Stephanie Chan joined Reed Smith Richards Butler as a partner.

Practice head(s):

Testimonials

Ben Hammond is our premier go-to lawyer for all regulatory matters in Hong Kong. Brilliant, yet approachable, Ben has an outstanding wealth of knowledge and is always up to date on all the latest developments in this field. I cannot recommend him more highly‘.

Ben Hammond – very knowledgeable on Hong Kong regulatory matters, complemented with a good understanding of global regulation and a sensitivity to the pressure points of large financial firms‘.

Ben Hammond is affable and approachable. No question is too small for him. He explains things in a manner that is easily understood‘.

Ashurst has always had a superior level of client service compared to other firms. They are always responsive and a pleasure to deal with‘.

Key clients

Credit Suisse

HSBC

Huiyin Smart Community

Merrill Lynch

Société Générale

Hong Kong > TMT Tier 3

Led by corporate partner Joshua Cole , Ashurst is best-known for its M&A-related work in the TMT sector. The team's ability to leverage additional resources on the ground in numerous key Asian jurisdictions, ensures that it is able to provide a one-stop-shop service on mandates involving multiple jurisdictions in the region. This was underscored by Cole's representation (alongside numerous lawyers based out of Singapore) of Hyundai in relation to the establishment of a $4bn autonomous driving joint venture with Aptiv Plc. Counsel Hoi Tak Leung  is also a key member of the team, and combines commercial contracts, regulatory and IP expertise to effectively serve the needs of fintech-related and emerging technology clients.

Practice head(s):

Other key lawyers:

Key clients

Facebook

Hyundai Motor Group

Tencent

WeChat Pay / Fusion Bank

Klook

StubHub

DBS

Inke

Jiangsu Shagang Group Company Limited

Choi Shun Investment Limited

Hong Kong > Banking and finance Tier 4

Ashurst acts for leading international and regional financial institutions, alternative credit providers, multinational corporate borrowers, issuers and government agencies on a range of banking and finance deals. Areas of expertise include multi-jurisdictional project financing, real estate financing, margin loans, structured lending, fund financing and acquisition financing. The team is headed by Sydney-based Jamie Ng and Beijing-based Patrick Phua. The key names to note in Hong Kong are Eric Tan and Daniel Lau.

Other key lawyers:

Testimonials

‘Partners drawn from other market leading practices, with significant experience across a variety of debt financing structures’.

‘Eric Tan has significant experience across a variety of financing structures and is one of the few senior lawyers in this space who is fully bilingual’.

‘Eric Tan is very proactive and hands on in approach, very pragmatic and commercially minded’.

‘Helpful and good knowledge about financing transactions’.

‘Eric Tan is one of those rare people who can get down in the weeds and work on the details, but still see the big picture’.

‘Flexible billing which delivers value for money in respect of services provided’.

‘They have the ability to execute and turn around documents within tight timeline’.

‘Eric Tan has been helpful and provides practical advice for challenges’.

Key clients

CMB International Finance Limited

CSI Finance Limited

Shenwan Hongyuan Capital (H.K.) Limited

Tai Fung Bank Limited

CM Wealth Holdings Limited

BOCOM International Asset Management Limited

CM SPC

CMBC Capital Finance Limited

China Everbright Finance Limited

Jiangsu Shagang Group Company Limited

Orange Sky Golden Harvest Entertainment Company Limited

Zao “Baltic Pearl”

China Construction Bank (Asia) Corporation Limited

ANZ

Haitong International Securities Company Limited

Fortune Ocean Asset Management Limited

Hong Kong > Dispute resolution: litigation Tier 5

At Ashurst, recent highlights for the 'strong, commercially minded and flexible' team include successfully representing Grand City Capital Investment in a high-profile dispute with Frontier Investment Partners and Hong Kong Airlines Consultation Service (HKACS) regarding the client’s acquisition from Frontier of a 34.16% stake worth HK546m in Hong Kong Airlines Holdings. Practice head James Comber is 'pragmatic and knowledgeable'. In 2019 Stephanie Chan moved to Reed Smith Richards Butler; senior associate Benjamin Ng joined from DLA Piper in 2020.

Practice head(s):

Other key lawyers:

Key clients

Credit Suisse

Deutsche Bank AG

Grand City Capital Investment

Bank of America Merrill Lynch

South Korea > Corporate and M&A: foreign firms Tier 2

John Kim leads Ashurst's Korea practice group from the Hong Kong office. The team is known for handling a diverse range of M&A matters, particularly those involving multijurisdictional outbound acquisitions and investments, among other transactions. The firm acts for many of the largest Korean conglomerates, with notable expertise in the mobility services and pharmaceutical industries. In a recent highlight, Kim, Huiyeon Kim, In Kim and associate Woo Kim acted for the Hyundai Motor Company on its circa $1.6bn investment into a vehicle manufacturing plant in Indonesia. Peter Kwon is also recommended.

Practice head(s):

Other key lawyers:

Testimonials

John Kim and his team really know what they are doing with respect to complex cross-border, high-value matters.

They really know how to execute complex outbound matters whilst keeping the client comfortable throughout the process.

They always come up with excellent solutions in a timely manner and can be trusted to run and close deals despite challenging circumstances.

They are at the top of the game when it comes to understanding needs of Korean clients and addressing such concerns in advance – it’s remarkable what they are doing in the Korean legal market.

Key clients

Hyundai Motor Company

Samsung Electronics

Kia Motors Corporation

Samsung Bioepis

Hyundai Steel Company

Hyundai Mobis

Hyundai Glovis

Mirae Asset Global Investment

Hana Asset Management

Innocean Worldwide

CJ Cheiljedang Corp

SK Energy

South Korea > Capital markets: foreign firms Tier 4

Ashurst's 'unique' dedicated securitisation and structured finance team is known for its focused advice on a number of key areas, namely securitisation, derivatives, debt capital markets and covered bonds. The firm receives instructions from a diverse client base, which includes leading international banks (such as HSBC and Goldman Sachs), notable Korean banks and other financial institutions. Beijing-based partner Patrick Phua heads up the global markets practice in Asia. In Hong Kong, Peter Kwon takes the lead on securitisation matters, while Christopher Whiteley acts as the lead partner on multiple cross-border securities and derivatives transactions in relation to Korea.

Testimonials

The Ashurst team is unique for its structured finance and derivatives work.

Peter Kwon has been doing some of the most significant cross-border deals originating from Korea for around 20 years.

In-house lawyers in Korea regard the Ashurst team very highly.

Key clients

KB Securities and Hangang Asset Management

Korea Development Bank, the European Investment Bank and the Govenor and Company of the Bank of Ireland

Mizuho Bank

HSBC Hong Kong

Goldman Sachs Hong Kong

Export Import Bank of Korea and KEB Hana Bank

LBBW Singapore

Commerzbank Singapore

The firm: Ashurst is a leading global law firm advising local and global corporates, financial institutions and governments on their most complex transactions, disputes and projects. Founded in 1822, the firm today has more than 3,600 people, including over 450 partners, working across 29 offices in 17 countries, offering the reach and insight of a global network, combined with the knowledge and understanding of local markets. The firm brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst Greater China: Ashurst’s Greater China practice consists of offices in Shanghai, Hong Kong and Beijing which were respectively established in 1998, 2008 and 2013. The firm provides premium support in all practice areas to clients in Greater China and the wider Asia Pacific. The Greater China team advises leading financial institutions, sovereign and investment funds, and corporates on the full array of high profile M&A, complex banking and finance, derivatives and structured products, debt and equity capital markets, projects, private equity, dispute resolution, regulatory and restructuring matters. In early 2018, Ashurst and Guantao Law Firm, a leading firm in China, launched a joint operation office (JOO) in China, allowing us to offer a truly one-stop service to clients that combines international expertise with full PRC law capability.

Department Name Email Telephone
Office Managing Partner, Beijing and Head of Global Loans and Global Markets, Asia Patrick Phua Patrick.Phua@ashurst.com +86 10 5936 2888
Office Managing Partner, Hong Kon Ben Hammond Ben.Hammond@ashurst.com +852 2846 8914
Office Managing Partner, Shanghai Michael Sheng Michael.Sheng@ashurst.com +86 21 6263 1818
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