Firm Profile > Orrick, Herrington & Sutcliffe LLP > Hong Kong, Hong Kong

Orrick, Herrington & Sutcliffe LLP
43RD FLOOR, GLOUCESTER TOWER
THE LANDMARK, 15 QUEEN'S ROAD CENTRAL
HONG KONG
Hong Kong

Investment funds Tier 3

Orrick, Herrington & Sutcliffe LLP advises on hedge funds of all types, pledge funds, private equity funds, venture capital funds and hybrid funds across Asia. Areas of expertise include joint ventures, tax structuring, regulatory issues, pre-investment due diligence, reviews of legal documentation and fund formation. Practice co-head Scott Peterman is adept at advising private fund sponsors and investors on the formation of alternative investment vehicles. Sook Young Yeu, who also co-heads the team, has over 30 years of experience in the structruing of private investment funds and representation of Asian institutional investors.

Practice head(s):

Scott Peterman; Sook Young Yeu

Testimonials

‘Scott Peterman and his Orrick team are extremely knowledgeable about funds and very professional and helpful’

‘They conduct regular seminars for clients with deep dives into specific investment fund legal topics with hundreds of pages of material, thus taking care and effort to educate their clients

Key clients

China Resources Capital Management Limited

Intermediate Capital Group (ICG)

Synergy Fund Management Group Limited

Brawn Capital Management

Vanhau Asset Management

Morgan Stanley Wealth Management

China Silver

Avenue Asia

Fund Genesis Limited

Corporate (including M&A) Tier 5

Orrick, Herrington & Sutcliffe LLP expanded its Hong Kong team by hiring of counsel William Ho from Paul, Weiss, Rifkind, Wharton & Garrison in October 2018. Ho is experienced in advising private equity funds on their investments in Asia, particularly in the technology sector. He also assists early-stage start-up companies in Greater China and Southeast Asia with capital raisings, financings and general corporate matters. Mark Lehmkuhler and Scott Peterman are two other names to note in the group, which also undertakes a particularly significant amount of outbound M&A work for Chinese SOEs. Beyond technology, the team is also highly active in corporate and commercial matters involving the energy and infrastructure sector, as well as the automotive and life sciences industries. Sook Young Yeu and managing associate Anson Chan are also recommended. Mark Weeks splits his time between Tokyo and Hong Kong.

Practice head(s):

Mark Lehmkuhler

Other key lawyers:

Testimonials

‘Jeff Zhang is dedicated to serving his clients, and is able to leverage off the firm’s global network to provide services in specialised areas’.

Key clients

JD.com Inc.; JD Logistics

Silk Road Fund

Pactera Technology

Haier Group Corporation

China Ping An Insurance Overseas and Ping An Technology

Zhejiang Geely Holding Group

China Reform Overseas Hongkong Company

Twist Bioscience

Advanced Semiconductor Engineering

BOE Technology Group

LexinFintech Holdings Ltd

Private equity Tier 5

Although it is rebuilding somewhat out of Hong Kong, following the departure of several private equity practitioners to Morgan, Lewis & Bockius (in association with Luk & Partners) in 2017, Orrick, Herrington & Sutcliffe LLP's Greater China offering remains significant by virtue of its continued strong presence in Beijing and Shanghai. The arrival in October 2018 of counsel William Ho from Paul, Weiss, Rifkind, Wharton & Garrison signals a degree of intent to continue to build out the Hong Kong team in light of the departures, particularly given Ho's track-record advising major private equity funds in their tech investments across Asia. Venture capital remains a core strength of the team's work, with regular mandates flowing from Chinese company founders and companies in early and later-stage financing rounds. Mark Lehmkuhler has moved to Fangda Partners.

Other key lawyers:

William Ho; Scott Peterman

Key clients

JD.com Inc.

Silk Road Fund

China Media Capital

China Ping An Insurance Overseas and Ping An Technology

China-LAC Cooperation Fund

China Reform Overseas Hong Kong Company

Everpine Capital

Welkin Capital Management

JD Logistics

China > Investment funds: foreign firms Tier 3

The M&A and private equity group at Orrick, Herrington & Sutcliffe LLP is led from Hong Kong by Sook Young Yeu and Scott Peterman, and has recently been active in private equity fund formation and investor representation for global and regional funds, as well as private equity real estate work, venture capital fund formation, carried interest and profit sharing plans, and regulatory advice around ICOs and crowd funding. The firm's diverse client roster consists of Asian hedge funds managed by independent managers, Asian private equity funds sponsored by financial institutions, Asian institutional investors investing in regional and global funds, and downstream venture investors.

Practice head(s):

Sook Young Yeu; Scott Peterman

Key clients

China Resources Capital Management Limited

Tuspark Financial Holdings (HK) Limited

Intermediate Capital Group (ICG)

Synergy Fund Management Group Limited

Brawn Capital Management

Vanhau Asset Management

Morgan Stanley Wealth Management

China Silver

Avenue Asia

Fund Genesis Limited

China > Dispute resolution: foreign firms Tier 6

Orrick, Herrington & Sutcliffe LLP is experienced in advising on cross-border commercial litigation; the practice also covers arbitration, US litigation for Chinese state-owned enterprises, investigations, and IP disputes. Erica Chong in Hong Kong is an experienced adviser.

Practice head(s):

Xiang Wang; Erica Chong

Testimonials

‘Proficient in the legal and judicial systems of Mainland China and Hong Kong, and the team can provide clients with comprehensive dispute resolution advice. At the same time, they can work in Chinese and English to ensure the efficiency and accuracy of communication‘.

Key clients

Advanced Technology & Materials

Levi Strauss

China National Building Materials

Subsidiaries of Bayer

Genesis Coatings

Deltatre

Hisense

The Firm

Orrick is focused on serving clients in the technology and innovation, energy and infrastructure, and finance sectors globally. Founded more than 150 years ago, today the firm has 1,100+ lawyers focusing on key markets across the United States, Europe, Asia, and Africa. The firm provides clients with innovative approaches to their most complex transactional, litigation and regulatory matters. Financial Times singled out Orrick as the “Most Innovative Law Firm in North America” in 2016, 2017, and 2018, and Fortune has named the firm among the “100 Best Companies to Work For” four years in a row.

Main Areas of Practice

Technology:

  • Achieved a complete victory in the ITC 337 trade secret misappropriation case on behalf of Advanced Technology & Materials and four other Chinese respondents. The case was awarded “Disputes and Investigations Deal of the Year” by China Business Law Journal in 2019.
  • Advised JD.com, the largest retailer and e‑commerce company in China by revenue, on the US$1 billion+ Series A financing for its healthcare subsidiary, JD Health. Investors include CPEChina Fund, CICC Capital, and Baring Private Equity Asia.
  • Advised Japan-based e-commerce and internet company Rakuten on its participation in the US$284 million Series C preferred financing of Rakuten Medical, a U.S.-based clinical stage biotechnology company developing tumor-targeted precision therapies.
  • Advised Liquid.com on its first Series C funding led by IDG Capital and Bitmain Technologies. As the second unicorn startup company in Japan, Liquid Group is the first global cryptocurrency exchange licensed by the Japan Financial Services Agency.
  • Advised Estun Automation and China Renaissance Capital Investment on the acquisition of Carl Cloos Schweißtechnik GmbH, a German market leader in welding technology and robotics.
  • Advising a U.S.-based technology startup and its subsidiary in Japan in reaching a settlement of all outstanding disputes with its former founder-employee (and major shareholder), which involved litigation in both Delaware and Japan.
  • Advising a Japan-based medical device manufacturer on its internal investigation in Russia and the Netherlands concerning issues of corruption, bid rigging, commercial bribery, employment dispute, and fraud.

Energy & Infrastructure:

  • Advising Geo-Jade Petroleum Corporation, the largest private oil exploration and production company in China, in its joint venture and strategic cooperation relating to the exploration, construction, production, and refinement of natural gas facilities and pipelines in Kazakhstan.
  • Advised on the largest wind power-generation project covering a 12 km area along the coast of the Sea of Japan in Tsugaru City, Aomori Prefecture. When the project is completes in 2020, it will become Japan’s largest wind power station, supplying Tohoku Electric Power with electricity that is equivalent to the annual power consumption of approximately 90,000 houses.
  • Advising a Japanese utility company in the development and construction of a new electric power generation project in one of the Pacific Islands, including all support facilities, on a build-operate-transfer basis, to provide electricity to GPA under a 25-year energy conversion agreement.
  • Advised Pattern Energy Group LP and Green Power Investments in the approximately US$325.5 million sale of 206 MW of owned capacity in Japanese wind and solar projects to Pattern Energy Group Inc.
  • Representing Chinese state-owned enterprises China Minmetals Corporation (metals and mineral trading company) and China Gezhouba Group (construction and engineering company) in a broad range of general corporate matters, including cross-border M&A, investments, joint ventures, restructurings and financing across China.
  • Successfully assisted China Institute of Atomic Energy in defending a product liability lawsuit filed in the United States.

Finance:

  • Representing China Resources Capital Management in the formation of the US$2 billion China Resources Healthcare Fund, L.P.
  • Representing one of the largest Asian government investors in its cross-border investments in multiple alternative investment funds since the commencement of its alternative investment program in 2008, with total investment commitments of over US$15.7 billion.
  • Advising on the formation of US$1 billion Macao QiXin One Belt One Road Investment Fund, a tri-party-funded private equity fund for investing in innovative companies with major business operating in the One Belt One Road Area.
  • Advising a Chinese state-owned investment fund on the investment in a KKR-led consortium to purchase Unilever’s spreads business for US$8.1 billion.
  • Represented a Japanese real estate investment company using the funds of its Singapore parent company in their acquisition of a building in Tokyo with financing from a Japanese bank.
  • Advising a company providing real estate crowdfunding, brokerage, and consulting, in connection with the creation of a crowdfunding platform targeting United States real estate REITs.
  • Advising LexinFintech, a NASDAQ-listed online consumer finance platform in China, on its investments in the United States and Southeast Asia.
Department Name Email Telephone
Asia Managing Partner Xiang Wang xiangwang@orrick.com +86 10 8595 5750
Photo Name Position Profile
 Anson Chan photo Anson Chan Managing Associate
 Erica Chong  photo Erica Chong Partner
 David Halperin  photo David Halperin Partner
 William Ho  photo William Ho Of Counsel
 Scott Peterman  photo Scott Peterman Partner
 Joe Scheu  photo Joe Scheu Associate
 Sook Young Yeu  photo Sook Young Yeu Partner
 Eva Ying  photo Eva Ying Associate
Number of legal professionals in this country : 20+
worldwide : 1,100+
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