Shearman & Sterling LLP > Beijing, China > Firm Profile

Shearman & Sterling LLP
UNIT 3209, CHINA CENTRAL PLACE TOWER 2
79 JIANGUO ROAD, CHAOYANG DISTRICT
BEIJING 100025
China

China > Dispute resolution: Arbitration: foreign firms Tier 2

Shearman & Sterling LLP is noted for the strength of its Chinese client base, including the Chinese government which instructs the firm in high-stakes investment treaty arbitration. The team also has a wealth of experience in commercial disputes arising in sectors such as power, oil and gas, financial services and construction; it is also gaining additional ground in the telecoms and technology space. The department is led by Emmanuel Jacomy who splits time between Beijing and Singapore. Since publication, Nils Eliasson departed to King & Spalding LLP.

Practice head(s):

Other key lawyers:

Edward Taylor

Testimonials

‘Shearman provides superior legal services in handing complex dispute, they have deep expertise in oil and gas industry, and they are truly professional, intelligent and client oriented throughout the proceedings. Not only they know about their work, but also patient in explaining to client and persistent in areas that they believe will truly benefit client and help win the case. ’

‘Emmanuel Jacomy is very experienced and hardworking. Emmanuel speaks great Mandarin and is absolutely delightful to work with.’

Key clients

People’s Democratic Republic of China

Electricité de France, Inc.

Kot Addu Power Company Limited

Work highlights

  • Representing the People’s Republic of China in an ICSID arbitration initiated by German company Hela Schwarz GmbH under the China-Germany bilateral investment treaty.
  • Representing a North American subsidiary of Electricité de France (EDF) in an ICC arbitration in New York initiated by a North American energy company in relation to the implementation of a put agreement.
  • Representing Kot Addu Power Company Limited in an ICC arbitration in Singapore against the Pakistan Water Power and Development Authority in relation to power purchase agreements.

China > Investment funds: foreign firms Tier 2

Shearman & Sterling LLP‘s Greater China team has extensive experience in assisting fund sponsors and investors across the Americas, Asia, Europe and Africa; and in a recent 12-month period, the Asia investment funds team worked on over 100 fund formation projects, predominantly in relation to private equity, venture capital and co-investment funds. Private equity fund managers consistently look to the team to achieve the most advantageous investment structures from an economic, tax, legal and regulatory perspective, and to advise on private equity M&A, co-investments, capital markets transactions, recapitalisations, and portfolio company financings. The practice also has a strong reputation for its advice to major investors from the global private fund asset class. Drawing on substantial experience from working in both New York and Asia on complex, cross-border mandates, Hong Kong-based Lorna Xin Chen leads the firm’s Asia asset management and investment funds practice.

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Other key lawyers:

Testimonials

Lorna Xin Chen leads a very well resourced and experienced team, providing fast turnarounds even on complex matters.

They operate to very high standards and with great visibility in the market.

Lorna Xin Chen is clearly behind the scenes overseeing everything, with the support of Iris Priddy who is an exceptionally capable counsel.

Key clients

Asian Infrastructure Investment Bank

China Creation Ventures

China Huarong International Holdings

China Investment Corporation

China Merchants

China Renaissance

CITIC Capital Holdings

ICBC International

International Finance Corporation

Investcorp

Korea Investment Corporation

Noah Holdings

Qatar Investment Authority

SAFE Investment Company

China > Private equity: foreign firms Tier 2

Actively involved in all stages of the private equity life cycle, Shearman & Sterling LLP has an enviable record of working with private equity funds, portfolio companies and investors on China-related private equity transactions involving the infrastructure, logistics and healthcare sectors. The practice can advise on related tax structuring and financing and refinancing matters, including through non-traditional credit providers. Working across the firm’s Beijing and Hong Kong offices, Li Chen‘s client roster includes prominent Chinese and international private equity funds; Lorna Chen heads the Asia investment funds practice.

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Key clients

Investcorp

Russia-China Investment Fund

Work highlights

  • Advised Investcorp on its acquisition of a minority stake in WeDoctor from Goldman Sachs.
  • Advised Investcorp on the completion of its preferred equity investment in Kindstar Globalgene Technology.
  • Advised Russia-China Investment Fund on its minority equity investment in FineEx’s Series D financing.

China > Corporate and M&A: foreign firms Tier 3

Leveraging a presence in Hong Kong, Shanghai and Beijing, in addition to a far-reaching global network, Shearman & Sterling LLP caters a roster of PRC state-owned enterprises, financial institutions and prominent corporates. Li Chen and Sean Wang both divide their time between the Hong Kong and Beijing offices; the former supports local clients on their investments throughout the globe and counts the energy, healthcare, financial institutions, investment fund and infrastructure sectors are her most active frontiers. As for Wang, he is a member of the project development and finance practice and predominantly focuses on state-owned enterprise and financial institution representation.

Practice head(s):

Other key lawyers:

Key clients

China National Petroleum Company International/PetroChina

China Telecom

Investcorp

Leyou Technologies Holdings Limited

Russia-China Investment Fund

SAP

Work highlights

  • Advised Leyou Technologies Holdings on its take private by Image Frame Investment (HK) by way of a scheme of arrangement under Section 86 of the Companies Law of the Cayman Islands.
  • Advised CNODC on its acquisition from ExxonMobil of a participating interest in the West Qurna (Phase 1) Oil Field in Iraq.
  • Advised Investcorp on its acquisition of a minority stake in WeDoctor from Goldman Sachs.

China > Projects and energy: foreign firms Tier 3

Adept at advising clients throughout the project finance life cycle, Shearman & Sterling LLP is a compelling proposition to sponsors and lenders engaged in projects within the power, renewables and mining sectors. Fully in lockstep with their clients’ needs, the team has been particularly active advising Chinese investors and lenders on their activities throughout Asia, Africa and Latin America. China project development and finance team head Xiaogang (Sean) Wang has strong credentials among numerous Chinese SOEs and is well regarded for his ability to handle mandates in challenging jurisdictions, as evidenced by his recent work for China National Petroleum Corporation Exploration & Development Company on its acquisition from ExxonMobil of a participating interest in the West Qurna (Phase 1) Oil Field in Iraq.

Practice head(s):

Key clients

China National Petroleum Corporation Exploration & Development Company (CNODC)

China Telecom Corporation

PetroChina Company Limited

Poly-GCL Petroleum Company Ltd.

Shanghai Electric Power Generation Group

Work highlights

  • Advising CNODC and CNOOC in connection with the acquisition from ExxonMobil of aparticipating interest in the West Qurna (Phase 1) Oil Field in Iraq, one of the world’s largest with expected recoverable reserves of over 20 billion barrels.
  • Advising Poly-GCL Petroleum Company Ltd., a JV between the state-owned Poly Group and the Golden Accord Group in Hong Kong on the development of a $4bn  integrated LNG extraction project comprising of a cross-border pipeline between Ethiopia and Djibouti and a liquefaction port in Djibouti.
  • Advising Shanghai Electric on the development of a 1,000 MW, approximately $4bn mine mouth power project in the Thar 4 area in Pakistan.

China > Regulatory/compliance: foreign firms Tier 3

Asia Pacific: Regional International Arbitration > Leading firms

Shearman & Sterling’s international arbitration practice counts energy, infrastructure and telecoms disputes among its areas of specialism. China disputes experts Nils Eliasson in Hong Kong and Emmanuel Jacomy (who splits his time between Singapore and Beijing), and Singapore-based Daryl Chew are the key names to note.

Practice head(s):

Nils Eliasson

Other key lawyers:

Singapore > International arbitration

Shearman & Sterling LLP‘s ‘global approach‘ to international arbitration sees it handle a range of disputes including those relating to power, oil and gas, cross-border investment and large infrastructure projects.  Emmanuel Jacomy splits his time between Singapore and Beijing and is particularly active in China-related matters as well as, increasingly, those relating to Pakistan and African jurisdictions. Daryl Chew and Shaun Pereira departed to Three Crowns LLP in February 2o22.

Practice head(s):

Emmanuel Jacomy

Key clients

Electricité de France

The People’s Republic of China

Kot Addu Power Company Limited

Work highlights

  • Representing the People’s Republic of China in an ICSID arbitration brought by German company Hela Schwarz GmbH under the China-Germany bilateral investment treaty.
  • Representing a North American subsidiary of Electricité de France in an ICC arbitration in New York initiated by a North American energy company in relation to the implementation of a put agreement.
  • Representing Kot Addu Power Company Limited in an ICC arbitration in Singapore against the Pakistan Water Power and Development Authority (WAPDA) in relation to Power Purchase Agreements.

The firm: Shearman & Sterling has had a long-standing commitment to China for more than 40 years. The firm was among the first global law firms to establish a Beijing office approved and licensed by China’s Ministry of Justice. The China offices have expertise in a variety of practice areas and are currently ranked by a number of legal directories as a leading law firm for corporate/M&A and private equity, dispute resolution, project development and finance, investment funds and capital markets.

The firm’s clients include multinational and leading Chinese corporations, international investors, financial institutions, and Chinese state-owned and small and medium-sized Chinese private enterprises. It advises them on a wide variety of corporate and financial matters in virtually every sector. While the firm does not practice PRC law, some of its lawyers were first admitted to practice in China and are dual qualified. The firm can therefore effectively identify and resolve issues in conjunction with local counsel. It works with the best domestic law firms in China, with whom it has strong long-standing relationships.

Shearman & Sterling has represented many of the world’s leading corporations, financial institutions, emerging growth companies, state- owned enterprises, governments and governmental organisations for more than 145 years. It is committed to providing legal advice that is insightful and valuable to clients. The firm distinguishes itself by harnessing the intellectual strength and deep experience of its lawyers across its extensive global footprint. It has the capability to mobilise resources throughout its 23 offices worldwide to provide clients with professional legal advice and support. The firm’s lawyers are fluent in more than 60 languages and they practice Hong Kong, US, English, French, German, Italian, EU, OHADA and Saudi law, as well as Dubai International Financial Centre law and Abu Dhabi Global Market law. The firm is organised as a single, integrated partnership with approximately 850 attorneys in 23 offices located throughout Asia, the Americas, Europe and the Middle East. For more information, please visit Shearman & Sterling’s website at www.shearman.com.

Areas of practice: Shearman & Sterling’s main practice areas include: anti-corruption and Foreign Corrupt Practices Act (FCPA), antitrust, appellate litigation, capital markets, compensation, governance and ERISA, corporate governance, criminal law, regulation and enforcement, derivatives and structured products, emerging growth, environmental, European bank recovery and resolution, finance, financial institutions advisory and financial regulatory, financial institutions investigations and enforcement, financial restructuring and insolvency, intellectual property litigation, intellectual property transactions, international arbitration, international trade and investment, investment funds, Islamic finance, leveraged finance, litigation, mergers and acquisitions, privacy and data protection, private client, private equity and hedge funds, privatisation, pro bono, project development and finance, public international law, real estate, state controlled companies/sovereign wealth funds, structured finance, and tax.

DepartmentNameEmailTelephone
Banking and finance Xiaogang (Sean) Wang
Capital markets Alan Yeung
Capital markets Kyungwon (Won) Lee
Capital markets Max Hua
Corporate and M&A Max Hua
Corporate and M&A Xiaogang (Sean) Wang
Corporate and M&A Li Chen
Corporate and M&A Lorna Xin Chen
Investment funds Lorna Xin Chen
International arbitration Nils Eliasson
International arbitration Emmanuel Jacomy
Litigation and investigations Brian G Burke
Private equity/venture capital Lorna Xin Chen
Private equity/venture capital Li Chen
Projects and energy Xiaogang (Sean) Wang
Telecommunications, Media and Technology Li Chen
Number of lawyers : 850 approx
In China : 40 approx
English
Mandarin
Russian