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Jones Day

Elizabeth Cole

Work +65.6538.3939
Jones Day

Work Department

M&A | Labor & Employment | Cybersecurity, Privacy & Data Protection | Franchising & Distribution




Elizabeth Cole's practice encompasses M&A, compliance, risk management, investigations, employment, and general corporate and commercial issues. She has diverse corporate and commercial experience throughout the Asia-Pacific region having worked for more than 20 years in Brisbane, Hong Kong, Jakarta, Melbourne, Shanghai, Singapore, and Sydney. She has represented multinationals on the establishment, structuring, and operation of their businesses in China, Hong Kong, and elsewhere in Asia including preparation of joint venture agreements, articles of association, and all associated contracts such as land use contracts, franchise agreements, trademark licenses, management contracts, and technology transfer agreements. She also has assisted clients in reviewing and implementing employment contracts, hiring and firing practices, and workplace and data privacy policies to ensure that they comply with local laws and regulations. Elizabeth has written and spoken extensively on legal policies and regulations in China, including writing the "China Employment Law" chapter in Corporate Counsel Guide to Doing Business in China (Thomson Reuters, multiple editions, 2009-2014).


Japanese (good written and spoken proficiency) and Mandarin (basic conversation and written proficiency)


BAR ADMISSIONS: England & Wales, Hong Kong, and California


Australian National University (LL.B. Hons. 1992; B.A. in Asian Studies 1992); University of Sydney (Legal Diploma 1992)


Foreign firms

Within: Foreign firms

Jones Day Indonesian practice is split between its Hong Kong and Singapore offices where it advises clients on capital markets, energy, projects and infrastructure, M&A, and banking and finance matters, as well as disputes. Of note is James Harris, who is highly experienced in infrastructure projects and acts for clients including IFC and the World Bank. Key members from the capital markets team include Jeffrey Maddox and of counsel Paul Kuo; the latter acted for Alpha JWC Ventures on the sale and purchase of shares in a US-based lending platform. Darren Murphy and Maria Pedersen are the names of note in the projects team; Murphy represented General Sekiyu on its $4.3bn merger with JX Nippon Oil & Energy. Corporate partners Elizabeth Cole, Alex Cull and Matt Skinner are also recommended.

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Singapore: Corporate and M&A

Corporate and M&A – Foreign firms

Within: Corporate and M&A – Foreign firms

Jones Day's team has experienced notable growth in outbound transactions into the US for Singapore and India-based clients, and is increasingly being recognised for its experience in private equity transactions, including leveraged buyouts and minority investments, and real estate private equity deals. The team represents a number of local and regional private equity houses; recent highlights include advising PAG, one of Asia's largest alternative asset management firms, on an investment from the Blackstone Strategic Capital Holdings Fund. It also represented Park Place Technologies on its acquisition of Axentel Technologies' businesses in Singapore, Malaysia, Hong Kong and the Philippines. China outbound transactions are also at the heart of the practice, thanks in part to the presence of Elizabeth Cole.  Dennis Barsky is a 'sophisticated lawyer' who is 'rated as one of the most technical practitioners out there'. Ben Witherall was promoted to of counsel and is noted for his M&A expertise. Darren Murphy transferred to Melbourne.

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Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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