White & Case LLP, Shanghai Office > Shanghai, China > Firm Profile

White & Case LLP, Shanghai Office
Unit 02-07, 41st Floor HKRI Centre One, HKRI Taikoo Hui
288 Shimen Road (No. 1)
SHANGHAI 200041
China

China > Banking and finance: foreign firms Tier 2

White & Case is often retained by lenders, sponsors, and borrowers to advise on cross-border deals, with a further specialisation in debt finance. Hong Kong-based Eugene Man, head of the firm’s Asia-Pacific banking and restructuring practices, leads the team, showcasing nearly 20 years of experience handling leveraged financing and structuring private debt/credit financing matters. Beijing-based David Li focuses on complex financing mandates, particularly long-term subordinated convertible and bridge liquidity financing. Also noted are Baldwin Cheng, adding 20 years to the team’s experience in pan-Asian financings, and Shanghai-based senior consultant Frank Shu, who is noted for advising Chinese companies in privatisation financing.

Practice head(s):

Testimonials

‘David Li is exceptional. He is professional, practical and has a deep knowledge of the market. He provided solutions and is trustworthy.’

Key clients

Asian Infrastructure Investment Bank

Bank of America

Bank of China

China Merchants Bank

China Molybdenum

DBS

DigitalBridge Group

HSBC

Industrial and Commercial Bank of China Limited

Morgan Stanley

RRJ Capital

Standard Chartered Bank

Work highlights

  • Advised twelve banks as the mandated lead arrangers and bookrunners on the amendment and extension of the 2017 facilities and concurrent upsize to an aggregate $6.5 billion senior secured revolving credit facilities for Alibaba Group Holding.
  • Advised RRJ Capital in connection with the bridge financing and long-term new money refinancing of its buyout acquisition financing of gategroup Holding AG.
  • Advised China Molybdenum on a $600 million bridge and five year pre-export financing (PXF) arranged by China Construction Bank.

China > Corporate and M&A: foreign firms Tier 2

With offices in Shanghai, Beijing and Hong Kong, White & Case is well-placed to handle cross-border M&A transactions in the Greater China region. The China-based team also works closely with offices around the world to advise on both inbound and outbound investment, including in sectors that are rapidly growing, such as mobile gaming, and politically sensitive, such as semiconductors. Alex Zhang works between Shanghai and Beijing, advising on outbound M&A and private equity investment into China, while Vivian Tsoi focuses on advising multinationals on strategic deals.

Practice head(s):

Alex Zhang; Vivian Tsoi

Testimonials

‘The team is well versed with both China law and foreign law, excellent drafting and negotiation skills, hold positively collaborative attitude, and can mobilize resources worldwide.’

‘The team can extend down-to-earth and practical legal opinion, be very responsive, can step into the shoes of client, and provide high-level and comprehensive legal support.’

Key clients

Alvogen

BBPOS Limited

CAA

Celestica

Copenhagen Infrastructure Partners (CIP)

CS Agriculture Pty Ltd.

CVC Capital Partners

GVS S.p.A

Huhtamaki Oyj

Medcaptain Medical Technology (Hong Kong) Limited

Minerva SA

Zynga Inc.

Work highlights

  • Advised Zynga on its US$525 million complex and strategic acquisition of Chinese mobile game developer StarLark, from Betta Games.
  • Advised Celestica Inc. on its US$306 million acquisition in cash of PCI Limited, from Platinum Equity.
  • Advised Minerva on its JV with G-Hub, the service platform for imported commodities of China’s state-owned real estate developer Greenland Holdings.

China > Private equity: foreign firms Tier 2

White & Case LLP‘s Greater China private equity practice routinely advises private equity investors and targets in Greater China and Asia on major transactions. Recent growth for the team includes mandates within the pharmaceutical and healthcare sectors, particularly in relation to biotechnology and digital health. On the mainland, China head of private equity and venture capital, Alex Zhang, is well-known for his work on outbound investments; and Vivian Tsoi is a go-to counsel for US-China and Europe-China cross-border deals, as well as big-ticket, multi-jurisdictional matters. At non-partner level in Shanghai, Amy Yang is a senior legal consultant, while Yan Yan is the associate to note. In Hong Kong, Asia private equity head Daniel Yeh advises global and Asia-Pacific-based private equity sponsors and other financial investors on corporate and M&A transactions, while Christopher Kelly is a trusted adviser to global private equity sponsors.

Practice head(s):

Alex Zhang; Daniel Yeh

Other key lawyers:

Vivian Tsoi; Christopher Kelly; Steve Sha; William Fong; Tzi-Yang Seow; Peiwen Chen; Amy Yang; Yan Yan

Key clients

Advent International

BVCF Management

CAA

CMC Capital Partners

CR-CP Fund

CVC Capital Partners

Digital Colony Management

Goldman Sachs

NewQuest Capital Partners

Work highlights

  • Advised Advent International on the sale of its controlling interest in AI Dream to Asia-focused private equity firm, Hillhouse Investment Management.
  • Advised DigitalBridge Group on its flagship $750m carve-out acquisition of data centre assets in Hong Kong and Malaysia from PCCW.
  • Advised NewQuest Capital Partners on the dual-track sale process of both its portfolio company, Integreon, to EagleTree Capital, and its business unit, Grail Insights, to Escalent.

China > Projects and energy: foreign firms Tier 2

White & Case LLP‘s offering targets the full spectrum of work for the development and financing of energy, oil and gas, mining and infrastructure projects, acting for domestic and foreign entities in a range of inbound and outbound investments. Beijing-based David Li heads the team and is particularly regarded for his expertise in equity and debt financings in the Asian, African and Latin American regions, covering the energy, utilities and natural resources industries. In addition, Li often advises multilateral lenders and development banks with regard to a range of transactions in a local and overseas context.

Practice head(s):

Key clients

Asian Development Bank

CMOC

International Finance Corporation

Saudi Aramco

Sempra Energy

Sibur

Exim Bank of China

United Energy Group

Work highlights

  • Advised CMOC on a $600 million bridge and five year pre-export financing arranged by China Construction Bank.
  • Advised Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, and Industrial and Commercial Bank of China Limited on a project financing for a Zhanatas wind farm in Kazakhstan.
  • Representing a number of lenders on the ongoing $20 billion project financing Mozambique LNG, the largest-ever foreign direct investment into Africa.

China > Regulatory/compliance: foreign firms Tier 2

White & Case LLP has a dedicated regulatory compliance team, offering comprehensive advice on regulatory and criminal enforcement matters, as well as investigations and related civil claims. It primarily acts for multinational clients with operations in China, as well as for Chinese clients with operations abroad. The team also has strong capabilities in acting on cross-border parallel investigation proceedings. Bingna Guo leads the group from Beijing and has extensive experience in cross-border and domestic internal investigations and compliance matters, with particular expertise on US-related mandates, and is regularly involved in anti-corruption, fraud, embezzlement, and conflicts of interest investigations. Also notable is Hong Kong-based James Hsiao who focuses on international anti-corruption investigations, regulatory and compliance matters, and cross-border dispute resolution.

Practice head(s):

Bingna Guo

Other key lawyers:

Key clients

Goldman Sachs Asset Management

Goldman Sachs (Asia)

Jio Platforms Limited

Shenzhen Mindray Bio-Medical Electronics

Work highlights

  • Advised the private equity and wealth management arms of Goldman Sachs in multiple compliance matters related to investments in Chinese targets involving highly complex new technologies, including an investment in the Series D-2 round financing and compliance due diligence of InferVision.
  • Advising Shenzhen Mindray Bio-Medical Electronics on the global assessment and update of its compliance and internal controls.
  • Advised India-based Jio Platforms Limited on its US$200 million investment to acquire a 17.24% stake in Glance InMobi Pte. Ltd., which included conducting FCPA due diligence and assisting with probing for compliance weaknesses of the targets.

China > Dispute resolution: Litigation: foreign firms Tier 4

White & Case LLP stands out for its expertise in transaction-related disputes, where it acts for Chinese banks and financial institutions, thanks to its close collaboration with the firm’s corporate and banking teams on a variety of contentious work, including debt recovery and restructurings. Hong Kong-based partner Melody Chan and Bingna Guo in Beijing co-head the practice, with senior associate Paulina Ho supporting the firm’s efforts in relation to commercial disputes, enforcement proceedings and investigations. Chan focuses on multi-jurisdictional matters, including those connected with joint ventures and insolvency proceedings, while Guo is noted for her experience handling investigations and compliance matters.

Practice head(s):

Key clients

China Development Bank

China Exim Bank

Industrial and Commercial Bank of China

CloudHQ

CMBC

Work highlights

  • Advised China Development Bank, China Exim Bank and Industrial and Commercial Bank of China on a payment default under certain existing facility agreements.

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PhotoNamePositionProfile
Bingna Guo photo Bingna GuoPartner
Frank Shu photo Frank ShuSenior Legal Consultant
Vivian Tsoi photo Vivian TsoiPartner
Yan Yan photo Yan YanAssociate
Amy Yang photo Amy YangSenior Legal Consultant
Z. Alex Zhang photo Z. Alex ZhangPartner