Debevoise & Plimpton LLP > Hong Kong, Hong Kong > Firm Profile

Debevoise & Plimpton LLP
21/F AIA CENTRAL
1 CONNAUGHT ROAD, CENTRAL
HONG KONG
Hong Kong

Hong Kong > Investment funds Tier 1

Drawing upon ‘deep market knowledge’ gleaned over many years’ experience in the market, Debevoise & Plimpton LLP provides ‘an excellent work quality’ for a GP-focused client base establishing large pan-Asian buyout funds to smaller sector- or country-specific funds, including RMB-denominated funds. Praised for his ‘ability to break down complex problems into smaller bite sized pieces’, Gavin Anderson, who now splits his time between the firm’s Hong Kong and London, has, alongside vastly experienced of counsel Andrew Ostrognai, been instrumental in developing the firm’s high-calibre private equity offering which is adept at advising all aspects of fund formation, capital raising and closing.  Anderson co-heads the team alongside Shawn Yang, who as well as his GP fund formation work is also regularly active on secondaries and select investor-side representations. Mai Shapiro rounds out the team and provides the relevant US tax advice pursuant to both fund formation and subsequent downstream activity.

Practice head(s):

Gavin Anderson; Shawn Yang

Other key lawyers:

Andrew Ostrognai; Mai Shapiro; Guang Yang; Heng (David) Wan

Testimonials

‘They have deep market knowledge, an agile thought process and provide an excellent work quality.’

‘The excellent Gavin Anderson has the ability to break down complex problems into smaller bite sized pieces, and deliver practical advice.’

‘Debevoise & Plimpton is our go-to law firm for investments funds work. They have a very deep-bench of excellent lawyers in Hong Kong and across their international network, and really understand the funds space and how to help their clients achieve their objectives efficiently.’

‘The very experienced Mai Shapiro provides impeccable advice.’

‘Gavin Anderson is one of the best investment funds lawyers in Asia. He impresses with his formidable knowledge of market practice as well as legal/regulatory developments, and his ability to help clients seamlessly navigate complex fundraisings.’

‘Great knowledge of the market. Very responsive and innovative.’

Key clients

Advantage Partners

Ally Bridge Group

BPEA EQT

CDH Investments

Committed Advisors

HarbourVest Partners

Lightspeed India Partners

Morgan Stanley

Navis Capital

Sequoia Capital

TPG NewQuest

True North

Work highlights

  • Advised BPEA EQT on the structuring, formation and fundraising of their eighth pan-Asian flagship fund, one of the largest Asian private equity funds ever raised by an Asia-based sponsor (c. US$11 billion), which exceeded its initial target size.
  • Advised Pantheon in a single-asset GP-led secondary project with Hosen Capital involving an indirect acquisition of Kilcoy Foods.

Hong Kong > Insurance Tier 2

Combining regulatory and corporate capabilities, the ‘strong and capable’ team at Debevoise & Plimpton LLP excels in advising insurance companies on transactional work throughout APAC, running the gamut from advice on M&A in the sector, through to advice on distribution agreements. ‘Intelligent and savvy’ team head Edwin Northover has a ‘good understanding of the market’, regularly taking the lead on key strategic transactional work for key global and Asia-based insurance entities, including AIA and Prudential Financial. International counsel Jan Buschmann ‘knows his way around the insurance ordinance and the HKIA requirements very well’ and regularly advises on standalone regulatory questions, as well as in the context of insurance-related transactional work.

Practice head(s):

Edwin Northover

Other key lawyers:

Jan Buschmann; Monisha D’Souza

Testimonials

‘It is a strong and capable team.’

‘They have been invaluable in our insurance deals, bringing with them strong negotiation skills and a deep understanding of the insurance M&A/ bancassurance deals.’

‘Edwin Northover is absolutely superb and our go-to partner for insurance deals. He is an intelligent and savvy lawyer with a good understanding of the market, fantastic in negotiations, and extremely thorough in his work, leaving no stone unturned.’

‘Jan Bushmann who knows his way around the insurance ordinance and the HKIA requirements very well, and is becoming a go-to lawyer for not only transactional work but also general regulatory advice.’

Key clients

AIA

Sun Life

Chubb

Prudential Financial

FWD

Work highlights

  • Advised AIA in connection with the establishment of a pan-Asian health insurtech business and joint venture with Discovery Group.
  • Advising Sun Life in its 15-year exclusive bancassurance partnership with Dah Sing Bank.
  • Advising Chubb in its 15-year exclusive general insurance distribution agreement with Hang Seng Bank.

Hong Kong > Dispute resolution: litigation Tier 3

Debevoise & Plimpton LLP is highly sought after by major financial institution clients, regularly acting in significant litigation concerning private equity, investment banking, securities and wealth management. The practice also considers the areas of white collar crime and government investigations as key aspects of its litigation work, with multi-jurisdictional mandates spanning the Asia Pacific from India and Singapore to Japan and South Korea. Of counsel Mark Johnson and Gareth Hughes jointly head the offering, with the pair’s clients including top PRC asset management firms, global financial institutions, and individual executives and shareholders.

Practice head(s):

Mark Johnson; Gareth Hughes

Other key lawyers:

Emily Austin

Testimonials

‘Mark is one of the most experienced disputes lawyers in the industry. He has very good instincts and provides very helpful strategic advice on handling regulatory matters.’

‘Gareth Hughes always provides helpful strategic oversight.’

Work highlights

Hong Kong > Regulatory: anti-corruption and compliance Tier 3

Debevoise & Plimpton LLP's main focus in the regulatory space is on defence work for financial services clients, as well as for senior executives, who are subject to regulatory investigations and private litigation. Mark Johnson has substantial experience and familiarity with regulatory investigations, including mis-selling, insider trading, and market manipulation probes by the SFC and HKMA. Johnson also represents Hong Kong publicly-listed companies in internal investigations and regulatory scrutiny by bodies including the ICAC and the HKSE. Gareth Hughes co-heads the team alongside Johnson and is also a core member of the team.

Practice head(s):

Mark Johnson; Gareth Hughes

Other key lawyers:

Philip Rohlik; Samuel Fung

Hong Kong > Corporate (including M&A) Tier 4

The team at Debevoise & Plimpton LLP assists a diverse client base, consisting of private equity firms, financial institutions, and insurance companies, such as Sun Life, True North, and AIA. With William Chua having left the team in May 2023, Edwin Northover has taken over as practice head, utilising his vast knowledge of joint ventures and distribution agreements to advise on major players in the insurance industry. Northover is also ‘second to none’ when advising on bancassurance agreements.

Practice head(s):

Edwin Northover

Other key lawyers:

Jan Buschmann; Wen-Wei Lai

Testimonials

‘Ed Northover is the recognised expert in the area of bancassurance distribution arrangements. His industry knowledge and negotiation skills are second to none.’

‘Great technical knowledge.’

‘The team knows how the client works and how to address difficult issues.’

Key clients

AIA

Sun Life

True North

Brunei Investment Agency

Amplify Health

Work highlights

  • Advised AIA on the establishment of a pan-Asian health insurtech business and joint venture with Discovery Group.
  • Advised True North on its acquisition of a significant minority stake in Accion Group Holdings, Inc, a Pittsburg-based digital and innovation engineering company, from TA Associates and other shareholders.
  • Advised AIA on the purchase of Blue Cross, a Hong Kong general insurer, and an associated 15-year bancassurance agreement between Blue Cross and BEA Bank.

Hong Kong > Dispute resolution: international arbitration Tier 4

Debevoise & Plimpton LLP’s Hong Kong and wider Asia Pacific arbitration team is a trusted advisor to various multinationals, international organisations, sovereigns and NGOs on complex international disputes; having carved out a particularly strong reputation for private equity disputes. Splitting his time between Hong Kong and London, Tony Dymond co-chairs the Asia arbitration practice and principally focuses on multijurisdictional construction and engineering disputes. Mark Johnson and Gareth Hughes are also key contacts in Hong Kong, with the latter being adept concerning complex commercial disputes and regularly handling arbitrations under HKIAC, LCIA, SIAC and CIETAC. International counsel Cameron Sim is also building a solid reputation for Asia-related arbitrations, representing corporates and sovereign entities across a broad range of industries including energy, insurance, pharmaceuticals and banking and finance.

Practice head(s):

Tony Dymond; Mark Johnson; Gareth Hughes

Other key lawyers:

Testimonials

‘They are outstanding for international arbitration – diligent, thoughtful and tenacious.’

‘The key players are Mark Johnson and Cameron Sim. They have a stellar reputation.’

‘Debevoise & Plimpton have a first class arbitration practice and one of the strongest practices in Hong Kong. The strength of the practices lies in the bench strength of its practitioners.’

‘Cameron Sim is a particular standout in the arbitration practice. Cameron’s intellectual prowess combined with a strategic mindset make him an asset to any matter.’

Work highlights

Hong Kong > Private equity Tier 5

Debevoise & Plimpton LLP houses a broad team which advises a variety of clients, including financial sponsors, sovereign wealth funds, and family offices on leveraged acquisitions and take private transactions. The group is also known for assisting a number of both domestic and international investment managers. Practice head Edwin Northover displays vast expertise in bancassurance distribution agreements and strategic partnerships, while associate Sheng Shao is noted for his broad knowledge of corporate matters. William Chua left the practice in May 2023 and Wen-Wei Lai rejoined the team from an in-house role.

Practice head(s):

Edwin Northover

Other key lawyers:

Key clients

Brunei Investment Agency

Harbour Vest Partners

Work highlights

  • Advised Brunei Investment Agency (BIA) in its purchase from Yidu Tech Inc. of a 20% stake in EVYD Technology Limited for US$55 million, as well as related shareholder matters.

The firm: Debevoise & Plimpton’s Asia team, based in Hong Kong, Shanghai and Tokyo, is made up of experienced international corporate lawyers and litigators. In Hong Kong, the firm is established as a local practice, meaning it is able to provide local law advice alongside the international advice provided by its US and English law qualified team.

Debevoise’s local knowledge and experience, together with approximately 800 lawyers in Asia, Europe and the United States, enables it to assist and guide clients in the Asia Pacific region and elsewhere throughout the world.

Areas of practice
M&A in Asia: as an integral part of the firm’s leading global practice, the M&A lawyers in Asia are fluent in domestic and international acquisitions, dispositions, joint ventures and strategic investments. The team has a particular focus on advising national and international insurers and other financial institutions. It has a strong track record and deep knowledge of these sectors.

Private equity in Asia: as the only firm to couple fund formation capacity in Asia, Europe and the US with an internationally acclaimed private equity transaction practice, Debevoise is uniquely qualified to assist clients in navigating the complex issues surrounding fund formations, downstream investments and exits.

The team has guided clients through many sophisticated private equity fund formations and investments throughout the Asia-Pacific region, representing sponsors, investors and target companies.

Litigation in Asia: Debevoise’s lawyers have been active in Asia for many years representing clients in international arbitrations and corporate investigations and defense matters. The team represents clients on a wide variety of international dispute resolution, white-collar and regulatory defense matters, Hong Kong regulatory matters and High Court litigation, as well as working with Debevoise’s litigators world-wide on US, UK and European litigation involving a full range of commercial disputes.

Department Name Email Telephone
Litigation and international dispute resolution Lord Goldsmith KC phgoldsmith@debevoise.com
Litigation and international dispute resolution Gareth Hughes ghughes@debevoise.com
Litigation and international dispute resolution Mark Johnson mjohnson@debevoise.com
Litigation and international dispute resolution Philip Rohlik prohlik@debevoise.com
International dispute resolution Tony Dymond tdymond@debevoise.com
M&A / Private equity William Y Chua wychua@debevoise.com
Mergers and acquisitions Edwin Northover enorthover@debevoise.com
Fund/investment management Gavin Anderson ganderson@debevoise.com
Photo Name Position Profile
Gavin Anderson photo Mr Gavin Anderson Gavin Anderson is based in the Hong Kong office and is a…
William Chua photo William Chua
Peter Goldsmith photo Lord Peter Goldsmith Lord (Peter) Goldsmith QC, PC, London Co-Managing Partner and Chair of European…
Gareth Hughes photo Gareth Hughes Gareth Hughes is a partner in the firm’s Hong Kong office and…
Mark Johnson photo Mark Johnson Mark Johnson is a partner in the firm’s Hong Kong office and…
Edwin Northover photo Mr Edwin Northover Mr. Northover has a broad cross-border public and private mergers & acquisitions…
Philip Rohlik photo Mr Philip Rohlik Philip Rohlik is a member of the firm’s Litigation Group whose practice…
Number of lawyers : 800 (approx)
At this office : 30
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