Morrison Foerster > Hong Kong, Hong Kong > Firm Profile

Morrison Foerster
EDINBURGH TOWER 33/F, THE LANDMARK
15 QUEEN'S ROAD CENTRAL
HONG KONG
Hong Kong

Hong Kong > Investment funds Tier 2

Best in class in advising on complex fund formation matters’, Morrison Foerster displays a ‘perfect combination of sector expertise, technical knowledge, and commercial savviness’ for GPs and LPs, in relation to closed end funds. Private equity/venture capital instructions remain the primary driver of the practice (across buyouts, growth capital and real estate) with Asian and international sponsors benefitting from strong bilingual capabilities, as well as ‘deep expertise in both the China and US markets’. Serena Tan is ‘astute and commercially minded’, and has extensive experience in the formation of, and investment in, private funds (including USD funds, RMB funds, and dual-currency funds). Tan co-heads the team alongside Nicholas Sheets, who ‘has extensive knowledge in relation to the investment fund industry’. 

Practice head(s):

Serena Tan; Nicholas Sheets

Other key lawyers:

Matthew Lau; Stephen Birkett; Sylvia Cheng; Marcus To; Bryan Lam; Conan Chen; Jeffrey Lau; Julia Xie; Evelyn Zhu

Testimonials

‘The team is best in class in advising on complex fund formation matters. They are very professional, exceptionally knowledgeable, and constantly provide the perfect combination of sector expertise, technical knowledge, and commercial savviness to drive the best outcomes for us.’

‘Their bilingual capability and deep expertise in both the China and US markets make them stand out from other international firms in the field. I also appreciate that the team is very responsive to requests and always willing to go the extra mile for us.’

‘Serena Tan is a top-notch, astute, and commercially minded funds lawyer. Her bilingual capability, deep technical knowledge in the market, and vast practical experience in handling complex funds formation and investment matters differentiate her from her competitors.’

The commercial Nicholas Sheets has extensive knowledge in relation to the investment fund industry.’

 

Key clients

Affirma Capital

Ally Bridge Group

Ascendent Capital Partners Asia

BHG Long Hills

CBC Group (formerly C-Bridge Capital)

China Ping An Insurance

China International Capital Corporation

FWD Group

GLP PTE, Ltd. (GLP)

Hony Capital

Jiuding Capital

Junson Capital

KHL

Morgan Stanley Private Equity Asia

ORIX Asia Capital

SBVA Future Innovation Fund

Silicon Valley Bank

Sino-Ocean Capital

SoftBank Ventures Asia

Taiwania Capital

Work highlights

  • Represented Morgan Stanley Private Equity Asia in the formation and ongoing operations of a PRC-domiciled, RMB-denominated private investment fund focused on investments in China.  
  • Represented SoftBank Ventures Asia in the formation of China Ventures Fund II – a venture capital fund that targets investments in the consumer internet, frontier tech, enterprise software, consumer brand and other relevant sectors in greater China – and in the formation of China Ventures Hybrid Fund I as a stapled secondary transaction.
  • Advised Sino-Ocean Capital on the formation of a $1.4bn core office fund that will invest in A-grade office projects in the core business districts of tier-one cities in China.

Hong Kong > TMT Tier 2

Morrison Foerster‘s ‘exceptional team‘ acts for an impressive list of industry-leading companies, such as Alibaba, SoftBank, Airbnb and Dairy Farm. It is also highly experienced in advising start-ups that commercialise cutting-edge technologies. The Asia technology practice is led by ‘great negotiatorGordon Milner, whose broad expertise covers innovative services, e-commerce, payments systems, block chain and digital currencies. Hong Kong-based Milner also assists with IP matters, licensing, technology transactions, and data and cloud issues; Thomas Chou has extensive experience in both Silicon Valley and throughout Asia; and Marcia Ellis is a widely respected private equity practitioner. Over in Shanghai, Chuan Sun focuses on sophisticated TMT transactions, as well as complex IP/commercial matters across Greater China; and Paul McKenzie in Beijing consistently acts for US and other international TMT companies. Gigi Yuen and Tyler Xiu are the associates to note in Hong Kong.

Practice head(s):

Gordon Milner

Testimonials

‘Exceptional team – a class act.’

‘The team comprises lawyers with varying degrees of experience in technology law. This helps to support the work on complex transactions and manage costs for the client. It is difficult enough to find a truly competent technology lawyer these days, let alone a team of them within the same practice!’

‘Gordon Milner and his team are the best counsels around for TMT/tech work. The team has the curiosity to understand the strategic goals of clients, and then advise and guide clients towards resolution of the legal problems.’

Gordon Milner is absolutely a valuable adviser. He is sharp, has unique thinking, and can stand in the shoes of his clients. He is also a great negotiator, and can get to points with a clear, logical and convincing narrative.

‘Chuan Sun is a highly skilled technology and commercial lawyer. He goes to great depths to understand clients’ business, and works above and beyond the call of duty to deliver first-class legal documents, coupled with pragmatic and commercially-sound solutions.’

‘Chuan Sun is particularly knowledgeable on technical points of law, and is well versed in what are common industry standard terms, as well as being up to date with recent tech trends and issues.’

‘Chuan Sun is brilliant, and Tyler Xiu is an excellent associate who is very responsive.’

Associate Gigi Yuen has very good drafting and communication skills. She is very hardworking and clients know they can rely on Gigi to deliver a high-quality work product. She plays an important role in clients’ projects and contributes a lot.

Key clients

Airbnb

Alibaba Group

Dairy Farm

Oracle

Princeton Digital Group

Roblox

SoftBank

SoftBank Vision Fund

Verizon

Unity

Work highlights

  • Advised Roblox on its joint venture with Tencent (Luobu), and the establishment and launch of the Roblox platform in China.
  • Advised Amperex Technology on its RMB14bn joint ventures for mid-size battery cells and packs, and a technology cross-license arrangement with Contemporary Amperex Technology Co.
  • Advised Six Waves, a global publisher of mobile games, on its $201m sale to Sweden-based Stillfront Group.

Hong Kong > Capital markets (equity) Tier 3

Benefitting from ‘strong technical expertise at the listing level in Hong Kong’, as well as deep industry knowledge in certain core areas, Morrison Foerster has developed particular strength advising issuers and underwriters on IPOs (and post listing compliance matters) in the TMT, life sciences and healthcare sectors, in particular. Noted by clients for her ‘hands-on and knowledgeable‘ approach, Vivian Yiu often takes the lead on the most significant Hong Kong IPOs handled by the team, including mandates in cutting-edge areas such as the burgeoning SPAC market, which she has been at the forefront of in terms of shaping new laws as well as transactional work. The ‘very technical’ Ke Huang co-heads the team alongside Yiu and excels at advising on international capital markets matters, including advice on Rule 144A and Regulation S mandates. Venantius Tan recently retired.

Practice head(s):

Vivian Yiu; Ke Huang

Other key lawyers:

Stephen Birkett; Ian Tam; Diana Tan; Francis Wong; Ellie Xu

Testimonials

‘The team has strong technical expertise at the listing level in Hong Kong.’

‘Vivian Yiu is a hands-on and knowledgeable partner and is great at resolving problems.’

Ke Huang is very technical.’

Key clients

Kindstar Global Beijing Technology Inc.

Flowing Cloud Technology Ltd.

Shenzhen Samoyed Internet Financial Services Company Ltd

Haitong International Capital Limited

CLSA Capital Markets Limited

BOC International Holdings Ltd.

BOCOM International Holdings Co. Ltd.

China International Capital Corporation Limited

China Securities (International) Finance Holding Company

InvestIndustrial Holdings

Shenwan Hongyuan (International) Holdings Limited

Work highlights

  • Represented the sole sponsor, Haitong International Capital Limited, in relation to HK Acquisition Corporation’s SPAC IPO on the Hong Kong Stock Exchange.
  • Advised Kindstar Globalgene Technology in relation to its HK$2.21bn IPO on the Hong Kong Stock Exchange.
  • Advised Flowing Cloud Technology Ltd. in relation to its proposed IPO on the Hong Kong Stock Exchange.

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

Morrison Foerster has long-standing expertise in the technology sector, where it advises on joint ventures, acquisitions and venture capital investments in growing sectors such as fintech, renewable energy and healthtech. The team’s work includes handling deals involving highly regulated and sensitive sectors, such as semiconductors. The HK office has also recently carved out a niche in SPAC and de-SPAC transactions, advising on deals involving PRC and SE Asian companies. The team is jointly led by Thomas Chou, Maureen Ho, Marcia Ellis and Vivian Yiu.

Practice head(s):

Thomas Chou; Marcia Ellis; Maureen Ho; Ruomu Li; Paul McKenzie; Chuan Sun; Vivian Yiu

Testimonials

‘Timely responses and turn-arounds, great ability to research and analyze precedents, valuable connections to mainland partner firms to address unique cross border issues’

‘The partner and associate carried out cash confirmation related work with high quality and share valuable legal advice in other deal related communications with regulators’

‘The MoFo team always gives us great advice to legal issues that are thoughtful, technical and commercial, especially over recent matters that require cross practice/office collaboration (credit/equity, US/China, SPAC, etc.). Seamless handoff from one time zone to another, from one specialist to another, without the need for clients to repeat their issues every time. Needless to say, they also produce contracts and transaction structures that fully address our needs in highly efficient, diligent, professional and meticulous manners. I would highly recommend the MoFo team to anyone who is looking for counsels for complex transactions.’

‘Marcia Ellis is always the leader, marshalling the right teams and resources for our projects; she has all the positive attributes I can think of for a legal counsel. Basically, when faced with any difficult issues or situations, she is our go-to person, we won’t make a decision until we are able to speak to Marcia. Ruomu Li led two of our most recent, most challenging transactions. Besides being technical and professional, I find her calm demeanor very constructive in high tension negotiation with difficult counterparties. Maureen Ho is always very thoughtful and thorough in her review, suggestions and drafting for transaction documents that are complex and unconventional. Yilong Luo has done a great job in guiding us through the US SPAC merger with a Chinese target company, very attentive and responsive with great knowledge in public M&A’

‘The team was very dedicated and professional. Working 24/7 to meet very tight deadlines and across different timezones.’

‘Thomas Chou led his team very effectively and came in to provide guidance and answers to move things forward. Highly dedicated and particularly good in handling tension among different law firms representing other parties. Julia Lee was working non-stop during the deal process and was always able to provide quick support and answers. She continued to send reminders on certain milestone dates after closing as reminders.’

Key clients

Alibaba Group

GLP

Softbank

Softbank Vision Fund

Silver Crest

SIMIC Holdings

Work highlights

  • Advised SoftBank in the $65 billion sale of UK-headquartered multinational semiconductor and software design company Arm Limited to U.S. chip company NVIDIA.
  • Advised the committee of independent directors of Alibaba Group Holding Limited on Alibaba’s acquisition of a 33% equity interest in Ant Financial, China’s leading financial services company.
  • Advised Amperex Technology Limited in its RMB14 billion joint ventures for mid-size battery cells and packs and US$1.5 billion technology cross-license arrangement with Contemporary Amperex Technology Co., Limited.

Hong Kong > Domestic and International Corporate Tax Tier 3

Morrison Foerster‘s New York-qualified tax head Matthew Lau has ‘an excellent knowledge of tax issues across Asia’ and regularly provides the tax input pursuant to transactions handled by the firm, including in the context of M&A, fund structuring and de-spac mandates. Lau ‘balances the right risk and rewards in providing advice’ and excels in advising Asian clients on the tax implications of sophisticated outbound US transactions, as well as for multinationals when they are structuring their investments in Asia.

Practice head(s):

Matthew Lau

Testimonials

The Morrison Foerster tax team has an excellent knowledge of tax issues across Asia.’

It has strength across geographies and the ability to provide thoughtful advice.’

MOFO is one of the very few international law firms that have Hong Kong-based US tax lawyers. That has made working with them very easy and smooth, as time difference and language barrier is less a hurdle.’

‘Matthew Lau has an excellent knowledge of tax issues across Asia. He has a great knowledge of the M&A insurance market, meaning I receive pragmatic and valuable advice.’

Matthew Lau is one of the brightest tax specialists in Hong Kong and all across Asia. He is able to understand key tax issues across major OECD jurisdictions and MNC clients see him as a go-to person when they are structuring their investments in Asia.’

‘Matthew is extremely diligent and has the ability to grasp complex issues and balances the right risk and rewards in providing advice.’

Key clients

GLP Pte. Ltd.

SoftBank Group Corp.

SoftBank Vision Fund

SoftBank Ventures Asia

Alibaba Group Holding Limited

Sino-Ocean Capital

Ascendent Capital Partners Asia

Morgan Stanley Private Equity Asia

FWD Group

Savills Investment Management

TDK Corporation

Fujitsu Limited

Renesas Electronics Corporation

ON Semiconductor Corporation

NTT Communications

Veoneer, Inc.

Amperex Technology Limited

Tate & Lyle PLC

Sekisui House Ltd.

Daiwa House Industry Co., Ltd.

Ally Bridge Group

Silver Crest Acquisition Corporation

Hillhouse Capital Management

Celadon Holdings, LLC

CrimsoNox Capital Private Limited

BlackRock Group Limited

Work highlights

  • Advised Amperex Technology Limited on its RMB14bn joint ventures for mid-size battery cells and packs and $1.5bn technology cross-license arrangement with Contemporary AmperexTechnology Co., Limited.
  • Provided tax advice to LSE-listed Tate & Lyle PLC on its acquisition of Sweet Green Fields.
  • Represented SEKISUI HOUSE, LTD., Japan’s largest homebuilder and leading diversifieddeveloper, on its acquisition of U.S. homebuilder Holt Group Inc.

Hong Kong > Private equity Tier 4

Morrison Foerster is at the forefront of the SPAC trend taking off across Asia, dealing with all elements of the process from raising SPACs, de-SPACing transactions and PIPE deals. The firm has broadened its connected industry expertise with technology, e-commerce, data centers and online education services. The team is led by Marcia Ellis and Thomas Chou who both regularly advise private equity funds across all aspects of their transactions.

Practice head(s):

Marcia Ellis; Thomas Chou

Testimonials

‘True cross-border knowledge, experience and culture.’

‘Knowledge of non-market discrepancies, defects and deficiencies inherent in many mainland PRC PE/Venture investors negotiating positions and documentation vs. high-quality global standards & benchmarks, and the ability to negotiate against them.’

‘Marcia Ellis – very experienced in private equity and M&A transactions. Can provide invaluable insights on deals and potential loopholes to avoid.’

‘Maureen Ho – very professional and accountable. We love working with Maureen because we know we’re in good hands and worry-free.’

Key clients

Ark Pacific Capital

Ally Bridge Group

Alibaba Group

Ascendent Capital Partners

Bain Capital Credit

BlackRock

Celadon Partners

Farallon Capital Asia

GLP

Intudo Ventures

NewQuest Capital Partners

Prax Capital

Princeton Digital Group

Serenity Capital

SoftBank Group Corp

SoftBank Vision Fund

Silver Crest Acquisition Corp.

SIMIC Holdings

Vectr Ventures

Work highlights

  • Represented Ally Bridge Group in the $600m Series D financing of global surgical robotic systems developer CMR Surgical Limited.
  • Represented Ally Bridge Group as lead investor in connection with an oversubscribed $265m Series B financing of Sonoma Biotherapeutics, a U.S. based life sciences company developing treatments for autoimmune and degenerative disease.
  • Represented Ally Bridge Group in the Series C financing of NiKang Therapeutics, Inc, a biotech company focused on developing innovative small molecule medicines, led by Cormorant Asset Management, HBM Healthcare Investments and Octagon Capital, totaling $200m.

Hong Kong > Regulatory: anti-corruption and compliance Tier 4

Morrison Foerster boasts a strong connection to US financial regulators, alongside an understanding of Hong Kong-based regulators, enabling a comprehensive regulatory offering. The firm has a broad investigatory capacity, both internal and government-facing, as well as a unique industry focus relating to both technology and life sciences. The firm is well-regarded when advising on cross-border sanctions.

Practice head(s):

Timothy Blakely

Other key lawyers:

Chen Zhu

Testimonials

‘Good consideration of client interests and advice is readily available despite being requested at odd times. The weekly sanctions bulletins are useful and much appreciated.’

‘The partner I worked with has always been helpful and would think from clients perspectives to provide timely and useful advice. Sincerity and pragmatism are the qualities I particularly treasure.’

‘Chen Zhu is highly efficient, respectful of internal stakeholders at client company, and thorough in investigations work.’

Hong Kong > Dispute resolution: litigation Tier 5

Morrison Foerster‘s three-partner team includes practitioners with US, Hong Kong and UK qualifications and is ‘very capable of handling large-scale disputes’ for clients in a range of sectors, including asset management and real estate, often with a multi-jurisdictional angle. IP-related disputes are also a fertile source of work and leveraging the firm’s strong firmwide TMT credentials, it regularly handles work for US clients in defensive manner or in asserting IPRs relating to patents, copyright and trade mark ownership. Team head Timothy Blakely displays ‘a sound understanding of Chinese legal practice and business environment’, and excels in ‘helping non-China based clients understand the importance nuances of local practice’. 

Practice head(s):

Timothy Blakely

Other key lawyers:

Sarah Thomas; Chen Zhu; Jessica Chan

Testimonials

‘The team is diligent, yet also able to allocate resources in an efficient manner so that legal costs to clients are well managed. They provide balanced advice to guide us in achieving an optimal outcome without entering into protracted litigation.’

‘The team is very practical. They have extensive knowledge of practice in different jurisdictions and are very capable of handling large-scale disputes.’

‘The team provides excellent client service, top to bottom. It has extensive subject matter expertise and provides thoughtful and practical advice.’

‘Timothy Blakely is impressively responsive and intelligent. His mastery of complicated legal proceedings in multiple jurisdictions significantly contributed to the clients’ success in many high-profile cases. He has a sound understanding of Chinese legal practice and business environment, and always offers wise advice.’

‘Timothy Blakely is an exceptional lawyer and litigation/dispute strategist. He does an excellent job helping non-China based clients understand the importance nuances of local practice and enables clients to develop thoughtful and winning strategies.’

Sarah Thomas provides professional and timely advice.’

Key clients

SoftBank Group Corp.

Work highlights

  • Represented Softbank Group in a high-profile dispute against WeWork and its founder Adam Neumann, in relation to Softbank Group’s abandoned $3bn investment in WeWork.

China > TMT: foreign firms Tier 1

Morrison Foerster‘s 'dedicated, responsive, technically sharp and commercial' Greater China practice has longstanding on-the-ground experience in China TMT matters. Combining its enviable TMT credentials with widely respected venture capital and private equity fund expertise, the team is regularly instructed by both technology investors and start-ups. It also houses experts in the regulatory regimes of the internet, telecoms, cloud, payments, data and cybersecurity. In Hong Kong, Asia technology practice head Gordon Milner acts for international technology companies, banks and local start-ups, and has notable expertise in online services in China; Asia private equity group co-head Thomas Chou also acts on TMT matters; and Marcia Ellis is global private equity chair. In Shanghai, 'highly skilled technology and commercial lawyer' Chuan Sun is a TMT transactions specialist; and the track record of Beijing and Shanghai managing partner Paul McKenzie includes advising telecoms, media, internet, and computer software and hardware clients.

Practice head(s):

Gordon Milner

Other key lawyers:

Testimonials

‘The team is wonderful to deal with – dedicated, responsive, technically sharp and commercial. It is not everyday that clients find a technology law practice with competent and technically brilliant lawyers for technology matters at all levels, and who can work autonomously on various technology matters at the same time.

‘Highly commended is the training that Chuan Sun provides to the attorneys in the firm’s technology practice. It is difficult enough to find a truly competent technology lawyer these days, let alone a team of them within the same practice!’

‘Chuan Sun is a highly skilled technology and commercial lawyer. He goes to great depths to understand clients’ business, and works above and beyond the call of duty to deliver first-class legal documents, coupled with pragmatic and commercially-sound solutions. He is particularly knowledgeable on technical points of law, and up to date with recent tech trends and issues.’

‘Chuan Sun’s wealth of knowledge and experience helps clients find common ground with counterparties, so as to close complex transactions within tight deadlines. Highly recommended for clients looking for a commercially-minded and technically brilliant lawyer, who is able to bring together his team (even at short notice) to support his clients.’

‘Chuan Sun is exceptional. He has excellent grasp of the technical issues whilst providing clear and commercial advice.’

‘Paul Mckenzie and Gordon Milner are recommended for any tech companies that are looking for experienced outside counsel for significant deals in Greater China. Both of them are highly reliable, responsive and trustworthy.

‘Paul Mckenzie is not just technically strong but great at managing the entire deal process, coordinating the resources, and solving imminent and sudden issues in a deal.’

‘Gordon is an exceptional tech lawyer and always puts himself in the shoes of his clients – provides great solutions.’

Key clients

Airbnb

Alibaba Group

Dairy Farm

Oracle

Princeton Digital Group

Roblox

SoftBank

SoftBank Vision Fund

Verizon

Unity

Work highlights

  • Advised Roblox on its joint venture with Tencent and the establishment and launch of the Roblox platform in China.
  • Advised Amperex Technology on both its RMB14bn joint venture for mid-size battery cells and packs, and a $1.5bn technology cross-license arrangement with Contemporary Amperex Technology Co.
  • Advised Hong Kong-based Six Waves, a global publisher of mobile games, on its $201m acquisition by Sweden’s Stillfront Group.

China > Dispute resolution: Litigation: foreign firms Tier 3

Morrison Foerster‘s Hong Kong-based dispute resolution department stands out for its expertise representing multinational and Chinese companies before a variety of China- and Hong Kong-based forums. Leading the team is Timothy Blakely, who is regularly sought out for complex commercial litigation involving US and Hong Kong law, as well as government and internal investigation matters. Supporting the team’s efforts in terms of cross-border disputes in the Asia-Pacific region is triple-qualified partner Sarah Thomas, while Chen Zhu specialises in securities litigation and white-collar defence. Also active in white-collar criminal law is of counsel Jessica Chan, who plays a key role in the firm’s handling of high-stakes matters in this space.

Practice head(s):

Other key lawyers:

Key clients

SoftBank Group

Work highlights

  • Represented Softbank Group in a high-profile dispute against WeWork and its founder in relation to SBG’s abandoned $3bn investment in WeWork.

India > Foreign firms Tier 4

Under the leadership of Amit Kataria, who is based between London and Hong Kong, Morrison Foerster continues to advise clients in a range of sectors on transactional and contentious matters, as well investigations and anti-corruption mandates. Kataria is India and New York-qualified and is well versed in M&A deals, private equity investments and securities offerings.

Practice head(s):

Amit Kataria

Key clients

Atonarp, Inc.

BlackRock

SoftBank Vision Fund

SoftBank Group Corp

Composite Capital Management

U.S. International Development Finance Corporation (DFC)

Work highlights

  • Advised SoftBank Vision Fund on One97 Communications Limited’s initial public offering in India on the National Stock Exchange and BSE Limited, which reportedly valued Paytm at approximately $20bn.
  • Advised BlackRock on its investment in Pine Labs, one of Asia’s leading merchant commerce platforms, with the fundraising round reportedly ascribing a $3.5bn valuation to Pine Labs.
  • Acted as lead international counsel to DFC in connection with a $150m project financing provided to ReNew Power Private Limited group to develop the 100MW ReNew/Telangana solar project.

Singapore > Investment funds: foreign firms

China > Private equity: foreign firms

Well known for its involvement in headline private equity transactions, Morrison Foerster’s Greater China team stands out for its recent experience in raising SPACs, structuring de-SPAC transactions (including PIPE investments), and post-merger management matters. The group is also highly rated for its sector credentials in technology, life sciences, data centres, e-commerce and education (particularly online); and is able to leverage the firm’s robust finance and restructuring practices. With extensive experience in Silicon Valley, as well as throughout Asia, Hong Kong-based Thomas Chou, co-heads the firm’s Asia private equity group, while global private equity chair Marcia Ellisprovides invaluable insights on deals‘. In Shanghai, Ruomu Li acts for US, Chinese and international financial and strategic investors (and target companies) on a range of private equity and M&A transactions. The mainland China private equity associates to note are Wenlan Geng, Richard Ji and Chloe Liu.

Practice head(s):

Marcia Ellis; Thomas Chou

Other key lawyers:

Testimonials

‘True cross-border knowledge, experience and culture.’

‘Knowledge of the non-market discrepancies, defects and deficiencies inherent in many mainland PRC PE/venture investors, who negotiate positions and documentation vs. high-quality global standards and benchmarks – and with the ability to negotiate against them.’

‘Marcia Ellis – very experienced in private equity and M&A transactions. Provides invaluable insights on deals and potential loopholes to avoid.

Maureen Ho is very professional and accountable. Clients love working with Maureen because they know they are in good hands.

Key clients

Ark Pacific Capital

Ally Bridge Group

Alibaba Group

Ascendent Capital Partners

Bain Capital Credit

BlackRock

Celadon Partners

Farallon Capital Asia

GLP

Intudo Ventures

NewQuest Capital Partners

Prax Capital

Princeton Digital Group

Serenity Capital

SoftBank Group Corp

SoftBank Vision Fund

Silver Crest Acquisition Corp

SIMIC Holdings

Vectr Ventures

Work highlights

  • Advised Ally Bridge Group on the $600m Series D financing of global surgical robotic systems developer, CMR Surgical.
  • Acted for Ally Bridge Group, as lead investor, on an oversubscribed $265m Series B financing of US-based life sciences company, Sonoma Biotherapeutics.
  • Acted for Ally Bridge Group on the Series C financing of biotech company NiKang Therapeutics.

China > Data protection: foreign firms

With a practice focused on evolving privacy regulations, risk management and litigation surrounding data protection, Morrison Foerster also handles data breaches, while placing an emphasis on the development of tools to assist clients in project management and cost savings. The practice is jointly led by Beijing-based Paul McKenzie, acting as managing partner of the firm’s Beijing and Shanghai offices, Shanghai-based Chuan Sun, with experience advising multinational corporations and start-ups in the technology sector on data security matters, and Hong Kong-based Gordon Milner, with expertise in data, cloud and technology transactions.

Work highlights

  • Represented Roblox in its joint venture with Tencent and the establishment and launch of the Roblox platform in China.

China > Fintech: foreign firms

Morrison Foerster‘s dedicated fintech team in China is a go-to practice for corporations that prioritise the development of proprietary technology solutions. It also acts for strategic investors who regard investments in emerging technology companies as key growth drivers. Clients additionally benefit from the firm’s ability to leverage the firm’s strong venture capital and private equity funds credentials. Heading the China fintech practice from Hong Kong, Gordon Milner is a specialist in cross-border technology projects and Asia private equity group co-head, Thomas Chou, is also active in the technology/fintech space. In Shanghai, Chuan Sun works closely with multinational corporations, large SOEs and start-ups from the fintech/TMT world, while the practice of Beijing and Shanghai managing partner Paul McKenzie includes telecoms regulatory compliance, data privacy and cybersecurity. The associates to note are Hong Kong-based Zooey Chen, Gigi Yuen, Sarah Wang and Tyler Xiu.

Practice head(s):

Thomas Chou; Paul McKenzie; Gordon Milner; Chuan Sun

Key clients

Alibaba Group

Softbank Vision Fund

Roblox

Alpha Fintech

LeapXpert

Work highlights

  • Advised Roblox on its joint venture with Tencent (Luobu) and the establishment and launch of the Roblox online game platform in China.
  • Advised an institutional investor, as a longstanding investor in Grab Holdings (Grab), in relation to Grab’s merger with special purpose acquisition company Altimeter Growth Corp.
  • Advised Alpha Fintech, a next-gen payments technology company, on its acquisition by PPRO, a digital payments infrastructure provider.

China > Life sciences and healthcare: foreign firms

Morrison Foerster‘s Greater China life sciences practice advises on the full range of transactions that arise during the life cycle of life sciences companies. The team consistently assists with licensing and technology transfer arrangements, licensing and monetisation schemes, strategic collaborations, dispute settlement agreements, joint ventures, and major research and development projects.  It also has a notably robust life sciences IP practice. The mainland China names to note are Chuan Sun, who works closely with life sciences clients, including healthcare private equity firm CBC Group; and private equity and M&A transactions expert Ruomu Li, who is experienced in life sciences-related transactions. Over in Hong Kong, Asia private equity practice co-head, Thomas Chou acts for emerging growth companies, along with traditional and non-traditional investors; and Asia technology practice leader Gordon Milner is an expert in cross-border technology projects in the pharmaceutical and biotech industries.

Practice head(s):

Thomas Chou; Chuan Sun; Gordon Milner; Ruomu Li

Other key lawyers:

Testimonials

‘The team is highly professional and has extensive knowledge in the field of biotechnology, with a mastery of specialised patent/licensing agreements.

Key clients

Ally Bridge Group

CBC Group

Changchun High & New Technology Industry Group

Everest Medicines

Everest Medicines II

Henlius

Jiangsu Hengrui Medicine Co

Triastek

Xingren (Trusted Doctors)

Singapore > Insurance: foreign firms

Morrison Foerster (Singapore) stands out for its expertise in warranty and indemnity (W&I) insurance reviews in Southeast Asia, China, Japan and South Korea, largely thanks to the work of Maria Steeples, a senior of counsel in Singapore. Steeples is now entirely focused on W&I and this emphasis over the last few years has led to growth in W&I claims engagements, handled by the office's disputes team, which includes Daniel Levison and Craig Celniker. The Singapore office also has an excellent record in insurance M&A, frequently advising some of the biggest international insurers in major deals, with Shirin Tang noted for her expertise in this area. M&A contingent risk is another growth area for the group, working alongside Matthew Lau in Hong Kong.

Practice head(s):

Shirin Tang

Other key lawyers:

Testimonials

‘This firm has a deep understanding of our product and our needs which is second to none.’

‘We have been working with MoFo’s insurance practice in Asia for roughly 10 years. We have been advised by them mainly upon underwriting Warranty and Indemnity insurance policies. We greatly appreciate MoFo’s team consistency, flexibility and their understanding to our underwriting principles.’

‘Maria Steeples (based in Singapore) is an outstanding and reputable figure in this field. She and her team are always detailed in identifying and analysing various complicated risks in each Asian jurisdiction. Their reliability and unique professionalism also stem from their flexible team structure.’

‘The team has a number of key clients that only come to MOFO due to their expertise. Maria is a star practitioner in the field. She understands what is important to each client and knows how to drive the process to enable the client to be covered and informed on the risks’

‘Maria is a star practitioner in the field. She understands what is important to each client and knows how to drive the process to enable the client to be covered and informed on the risks’

‘MoFo is the industry leader in Asia advising on Warranty and Indemnity (W&I) insurance in Asia. We work closely with Maria Steeples who is widely known in the market as the leading expert in Asia on W&I insurance. Maria consistently works seamlessly with us to help insurers assess the risks being assumed by them whilst ensuring that the underlying deal is not unnecessarily interrupted or delayed by the underwriting process.’

‘Maria Steeples is simply the standout star on W&I insurance. She knows the policies and the issues inside and out and is thus both knowledgeable and efficient.’

Key clients

AIG Asia Pacific Insurance Pte. Ltd.

AIG General Insurance Co., Ltd.

AIG Insurance Hong Kong Limited

AIG Korea Inc.

AIG Insurance Company China Limited

Beazley Furlonge Limited

Chubb Asia Pacific Pte. Ltd.

Berkshire Hathaway Speciality Insurance

Liberty Global Transaction Solutions

Fusion Speciality Insurance Pty. Ltd.

Brockwell Capital Limited

Riskpoint AS

Tokio Marine HCC

China > Investment funds: foreign firms

Morrison Foerster advises clients across the privacy equity, real estate, banking, insurance, and venture capital spaces, handling a plethora of fund formation transactions. Leadership of the Hong Kong-based team is divided between Serena Tan, who has 'deep technical knowledge' and is an expert with regard to the formation of private funds, including USD, RMB, and dual-currency, and Nicholas Sheets, regarded for his advice on co-investment activities, secondary transactions, and the structuring, formation and offering of private equity funds. Sylvia Cheng is another key contact for work related to fund formation.

Practice head(s):

Testimonials

‘The MoFo team is best at advising on complex fund formation matters. They are very professional, exceptionally knowledgeable, and constantly provide the perfect combination of sector expertise, technical knowledge, and commercial savviness to drive the best outcomes.’

‘Their bilingual capability and deep expertise in both the China and US markets make them stand out from other international firms in the field. The team is very responsive to requests and always willing to go the extra mile.’

‘Serena Tan is a top-notch, astute, and commercially minded funds lawyer. Her bilingual capability, deep technical knowledge in the market, and vast practical experience handling complex funds formation and investment matters differentiates her from her competitors. She has also demonstrated outstanding project and cost management skills by allocating the right level of associates to support us.’

Key clients

Affirma Capital

Ally Bridge Group

Ascendent Capital Partners Asia

BHG Long Hills

CBC Group

China Ping An Insurance

China International Capital Corporation

FWD Group

GLP

Hony Capital

Jiuding Capital

Junson Capital

KHL

Morgan Stanley Private Equity Asia

ORIX Asia Capital

SBVA Future Innovation Fund

Silicon Valley Bank

Sino-Ocean Capital

SoftBank Ventures Asia

Taiwania Capital

Work highlights

  • Represented Morgan Stanley Private Equity Asia in the formation and ongoing operations of a PRC-domiciled, RMB-denominated private investment fund focused on investments in China.
  • Represented SoftBank Ventures Asia in the formation of China Ventures Fund II, and in the formation of China Ventures Hybrid Fund I as a stapled secondary transaction.
  • Advised Sino-Ocean Capital on the formation of a $1.4bn core office fund that will invest in A-grade office projects in the core business districts of tier-one cities in China.

China > Real estate and construction: foreign firms

With extensive experience in private equity, Hong Kong-based Marcia Ellis leads Morrison Foerster‘s efforts in the real estate sphere, acting for clients with regard to investment cycles by handling joint ventures, acquisitions, and the development of assets in the Greater China region. The three-partner team is also active in relation to the technology sector, often advising stakeholders on data centre deals. Chuan Sun, who divides his time between Shanghai and Hong Kong is another standout, focusing on cross-border transactions in relation to the M&A and TMT spaces. Also noted in Hong Kong is Maureen Ho, bolstering the team’s private equity and real estate funds practice with regard to investment cycles, leveraged buy-outs and infrastructure investments.

Practice head(s):

Other key lawyers:

Testimonials

‘The team possesses good technical knowledge and strong understanding of local market practice.’

They are detail oriented and willing to engage in active discussion with clients.

MoFo has a unique advantage in great team collaboration across various divisions and geographies, including compliance, litigation and cross-border corporate transactions.

‘Marcia Ellis is extremely knowledgeable when it comes to the Greater China market. She understands how best to use various provisions to provide protection.’

Marcia Ellis is very good at distilling complex concepts into layman terms, which again, demonstrates her depth of knowledge and years of experience in practice through various engagements.

Key clients

GLP

Princeton Digital Group

SinoOcean

Beijing Hualian Group

Greenland Hong Kong Holdings

Poly Property Group

Sunshine 100 China Holdings

BlackRock

Morgan Stanley Real Estate Fund

Blackstone

Evergreen Real Estate

Airbnb

Asia Pacific Land

Work highlights

  • Advised Sino-Ocean on the formation of a $1.4 bn core office real estate fund that will invest in A-grade office projects in core business districts of tier-one Chinese cities.
  • Advised Macquarie’s real estate division in connection with its initial significant minority investment in UI Holding.
  • Advised Ascendent Capital Partners in its exit from its investment in Suzhou Yongding Hospital, by disposal of its shares in Etern Group.

China > Intellectual property: foreign firms

With experience in the pharmaceutical, biologics, diagnostics, medical devices, medicinal chemicals and vaccine sectors, Morrison Foerster‘s IP practice ranges from prosecution and litigation, to licensing work. In Hong Kong, Asia technology head Gordon Milner assists with IP matters, while Chuan Sun in Shanghai 'provides excellent technical and commercial advice'.

Practice head(s):

Gordon Milner; Chuan Sun

Other key lawyers:

Timothy Blakely; Sarah Thomas; Tyler Xiu

Testimonials

‘Exceptional service and dedication.’

‘Chuan Sun provides excellent technical and commercial advice, drawing upon a wealth of knowledge and experience.’

Associate Tyler Xiu is an excellent up-and-coming lawyer, who is very proactive and helpful.’

Key clients

Alibaba

Casdin

Centurium

Everest Medicines

Everest Medicines II

General Atlantic

Henlius

Jiangsu Hengrui Medicine Co

Roblox

The Dairy Farm Group

Triastek

Wuxi Apptec

Warburg Pincus

Work highlights

  • Advised Roblox on its joint venture with Tencent (Luobu), and the establishment and launch of the Roblox platform in China.
  • Advised Amperex Technology on its RMB14bn joint venture for mid-size battery cells and packs, and a $1.5bn technology cross-license arrangement with Contemporary Amperex Technology Co.

China > Regulatory/compliance: foreign firms

Morrison Foerster offers an integrated contentious and non-contentious corporate investigation and anti-corruption practice, with the team advising on a wide range of investigations and regulatory compliance issues, including US economic sanctions, anti-money laundering, securities fraud, and corporate compliance matters. It also has a particular strength for privacy and data matters, as well as in US-China cross-border work. Timothy Blakely leads the group from Hong Kong and is supported by B. Chen Zhu, who specialises in cross-border government enforcement matters, internal corporate investigations, and economic sanctions.

Practice head(s):

Timothy Blakely

Other key lawyers:

Testimonials

‘The team is based in Shanghai and Hong Kong, and it is good with corporate internal investigations.’

‘B. Chen Zhu is a rising partner in conducting internal investigations for pharm companies. Very bright, prompt, respectful, and practical findings.’

The firm: With approximately 1,000 lawyers in 17 offices, Morrison & Foerster is a pre-eminent global law firm dedicated to delivering business-oriented results to clients across the United States, Asia and Europe. Dynamic technology and life science companies, large financial institutions, leading consumer product companies and other market leaders come to Morrison & Foerster for knowledge, innovation and business aptitude. Morrison & Foerster handles some of the world’s largest cross-border transactions and resolves major disputes across multiple jurisdictions. The firm has a long-standing commitment to pro bono work and social justice.

For more than 36 years Morrison & Foerster has been on the ground advising clients about their most important China-related matters. The China offices have more than 50 multilingual US-, PRC-, and Hong Kong-qualified professionals, who work closely with attorneys throughout the firm to deliver calibrated and sound advice to clients.

The firm counsels a wide variety of clients in China on their high-profile investment, finance, and regulatory matters, including many of the world’s largest multinationals and the most substantial and active institutional PRC companies, as well as promising startups in the Internet, technology, entertainment, telecommunications, life sciences, energy, clean technology, and renewable energy industries.

Areas of practice: Morrison & Foerster opened its Hong Kong office in 1983. It was one of the first international firms to have local Hong Kong law capabilities, approved by the Hong Kong Law Society in April 2001. The firm’s lawyers based in Hong Kong have particular expertise in working with multinationals, PRC and Hong Kong companies, foreign and China-based venture capital and private equity investors active in China’s technology industries, and technology-based PRC companies.

Capital markets: MoFo’s leading capital markets practice in China regularly represents issuers and underwriters in debt and equity financings, as well as in domestic venture capital and private equity investments. It is one of the most active capital markets practices of any international law firm in the region, advising clients on a broad range of corporate financing matters involving Hong Kong, US and English law. The firm’s multi-jurisdictional law capabilities and bilingual teams enhance its competitive position, representing clients on both international offerings and cross-border corporate finance matters.

Intellectual property and litigation: MoFo has extensive experience in representing Chinese companies in their IP disputes in the US and in the development of their global IP portfolios.

MoFo has also been advising its global clients who seek to proactively protect their IP from infringement and misappropriation in China.

Mergers and acquisitions: MoFo’s China M&A practice combines senior PRC regulatory expertise with international deal execution capability. The firm’s lawyers in Beijing, Shanghai, and Hong Kong have significant PRC-related, as well as Asia-wide and global cross-border M&A experience.

Private equity and venture capital: combining corporate finance expertise with diverse technology, healthcare, life sciences and real estate practices, lawyers in MoFo’s Hong Kong office are active in all aspects of the evolving private equity and venture capital market in China. The practice regularly represents private equity investors, venture capitalists, private equity fund sponsors and issuers in a wide variety of private equity transactions, including buyouts (leveraged and non-leveraged), early and late-stage venture investments and restructurings and recapitalisations.

Real estate: the China real estate practice team represents investors in the financing, acquisition, joint venture and development of real estate investments across China and internationally. The group has a robust practice representing real estate private equity firms, investment managers, sovereign wealth funds, development companies and REITs that invest in real estate assets and companies in this sector.

Technology transactions: MoFo has assisted leading media and IT companies, global banks and financial institutions, biotech companies and private equity funds in navigating legal, structuring and commercial challenges arising from handling technology projects in China’s rapidly evolving business and regulatory environment.

Dispute resolution: MoFo is one of the world’s premier litigation firms. Its full-service Asia Dispute Resolution practice is a fully integrated regional practice, working seamlessly across its five offices in Asia, to handle all aspects of complex commercial litigation, international arbitration and predispute counselling matters. MoFo also appears in Hong Kong courts and before regulatory bodies in Hong Kong

Investment funds: MoFo’s Private Funds practice is widely recognized by fund sponsors and institutional investors as a leading group in Asia and globally. As one of the largest private funds practices in Asia, we represent fund sponsors and investors in the formation and operation of investment funds in a number of strategies. We are one of only a handful of law firms in Asia with the experience to effectively guide both GPs and LPs through the entire fund formation process.

Fintech: MoFo has long been recognized as a leading financial services and technology firm. Our Fintech practice is not just a corporate practice that happens to handle M&A deals in the very sector. We have one of the few dedicated operational Fintech teams in China, and our partners have nearly two decades of on-the-ground experience at the heart of one of the world’s fastest growing technology markets, catering to a stellar list of industry-leading companies who rely on us to help ensure the success of their most critical deals in mainland China and Hong Kong in a challenging political climate

Healthcare and life sciences: Leading life sciences investors and companies throughout the US, Europe, Japan, and China choose MoFo to help them enter, expand within, or grow outside of the Chinese life sciences market because of our experience in complex, cutting-edge cross-border commercial transactions and financings, our legendary scientific expertise in matters from IP strategic counseling to IP due diligence, and our long and storied track record working within the Chinese life science market.

DepartmentNameEmailTelephone
Anti-bribery/anti-corruption/FCPA Timothy Blakelytblakely@mofo.com+852 25850870
Capital markets Venantius (Ven) Tanvtan@mofo.com+852 25850836
Corporate governance and internal investigations Timothy Blakelytblakely@mofo.com+852 25850870
Dispute resolution Timothy Blakelytblakely@mofo.com+852 25850870
Foreign direct investment Paul McKenziepmckenzie@mofo.com+86 10 5909 3366
Intellectual property and litigation Sarah ThomasSarahThomas@mofo.com+852 25850771
International arbitration Timothy Blakelytblakely@mofo.com+852 25850870
Life sciences Janet Xiaojxiao@mofo.com+1 (650) 813-5736
Life sciences Thomas Choutchou@mofo.com+852 2585 0848
Life sciences Chuan Suncsun@mofo.com+86 21 2322 5243
Life sciences Gordon Milnergmilner@mofo.com+852 2585 0808
Mergers and acquisitions Thomas Choutchou@mofo.com+852 2585 0848
Mergers and acquisitions Marcia Ellismellis@mofo.com+852 2585 0784
Mergers and acquisitions Paul McKenziepmckenzie@mofo.com+86 10 5909 3366
Mergers and acquisitions Vivian Yiuvyiu@mofo.com+852 2585 0761
Mergers and acquisitions Ruomu Lirli@mofo.com+86 21 2322 5218
Mergers and acquisitions Lucy Lullu@mofo.com+86 10 5909 3311
Private equity and venture capital Thomas Choutchou@mofo.com+852 2585 0848
Private equity and venture capital Marcia Ellismellis@mofo.com+852 2585 0784
Real estate Marcia Ellismellis@mofo.com+852 2585 0784
Technology transactions Gordon Milnergmilner@mofo.com+852 2585 0808
Investment Funds Serena TanSTan@mofo.com+852 2585 0861
Investment Funds Nicholas Sheetsnsheets@mofo.com+852 2585 0814
Fintech Thomas Choutchou@mofo.com+852 2585 0848
Fintech Paul McKenziepmckenzie@mofo.com+86 10 5909 3366
Fintech Gordon Milnergmilner@mofo.com+852 2585 0808
Fintech Chuan Suncsun@mofo.com+86 21 2322 5243
Number of lawyers : approximately 1,000
at this office : 40+
Cantonese
English
Mandarin
Hong Kong office managing partner : Timothy Blakely
Chair of the Firm : Eric T. McCrath