Clifford Chance LLP > Beijing, China > Firm Profile

Clifford Chance LLP
ROOM 3326 CHINA WORLD TOWER 1
NO 1 JIANGUOMENWAI DAJIE
BEIJING 100004
China

China > Antitrust and competition: foreign firms Tier 1

Acting for an enviable blue-chip client base, including both multinationals and major Chinese clients, Clifford Chance LLP‘s broad and longstanding antitrust practice has a strong name in the market for its experience in complex merger filings and antitrust investigations, as well as compliance work. Beijing-based antitrust and competition expert Yong Bai, who is highly familiar with the working practices of the various antitrust agencies in China and previously worked at the Ministry of Commerce of the People’s Republic of China (MOFCOM), has notable experience advising Chinese and multinational corporations on business investment, regulatory matters, and investigations across a range of industries. Additional key support in mainland China is provided by Dayu Man, who was promoted to counsel in May 2021 and assists with merger filings and conduct rules; and senior associate Zibo Liu, who advises on merger control, antitrust investigations and compliance.

Practice head(s):

Other key lawyers:

Testimonials

YongBai has extensive experience and keeps up with the new trend of industry development. His legal opinions are practical and operational. He is considerate and has good communication skills.’

Key clients

GE

Abbott

Continental

CVC

Partners Group

KIRKBI

China Baowu Steel Corporation

Sinochem Corporation

China State Shipbuilding Corporation

Tencent

Work highlights

  • Advised Sinochem Corporation on merger control and foreign investment control filings and consultations in over 20 jurisdictions, which concerned its merger with ChemChina.
  • Advising GE on the disposal of its aircraft leasing business (GE Capital Aviation Services to AerCap).
  • Advised KIRKBI on obtaining antitrust clearance from The State Administration for Market Supervision in China for the formation of LEGOLAND® Resort in the Jinshan District of Shanghai, China.

China > Banking and finance: foreign firms Tier 1

Acting for leading international and domestic investment banks, private equity sponsors, funds and corporations, Clifford Chance LLP‘s banking and finance team works across Hong Kong and China on both borrower and lender matters, and the practice has paved the way in sustainability-linked financing. With extensive experience in advising arrangers and lenders on acquisition financing and syndicated loans in Asia, Hong Kong-based Anthony Wang leads the department, which includes Maggie Lo, who divides her time between Beijing and Hong Kong and has broad experience in cross-border financing; and Jiahua Ni, who works across the Beijing and Shanghai offices and advises on financings in Asia, Middle East, South America and Africa. Other key figures in Hong Kong are experienced partners Matthew TrumanDauwood MalikEdith Leung and Vicky Ma. Former mainland China partner Timothy Democratis (now a consultant) relocated to the firm’s London office in August 2020.

Practice head(s):

Testimonials

The lawyers at CC are of high quality and definitely value for money!

Vicky Ma is my go-for partner – she is fluent in English and Chinese, wise and calm, and can always provide good analysis and suggestions for her clients.

Anthony Wang is the giant in the industry – he has been practicing for two decades and his performance has remained outstanding during these two decades!

Key clients

Bank of China

China Development Bank

Citi

Deutsche Bank

HSBC

IFC

JPMorgan

Standard Chartered Bank

UBS

Hillhouse Capital

Trustar Capital (formerly CITIC Capital Partners)

The Carlyle Group

TPG

MBK

PAG

Advantage Partners

Work highlights

  • Advised JPMorgan, UBS and Siam Commercial Bank on the financing of Charoen Pokphand Group (CP Group)’s US$10.6bn acquisition of Tesco’s Thai and Malaysian businesses.
  • Advised MBK Partners on all financing aspects concerning the take-private of China Auto Rental (Car Inc), including the obtaining of amendments/waivers required under the existing bank loans of Car Inc (among others).
  • Advised Bank of China on the financing for the acquisition of GNC Holdings by Harbin Pharmaceutical Group Holding Co, through a US bankruptcy court-approved stalking horse bid.

China > Corporate and M&A: foreign firms Tier 1

Magic Circle firm Clifford Chance LLP leverages a presence of over 40 years in the local market, fielding a team of over 70 corporate and M&A practitioners across its Beijing, Shanghai and Hong Kong offices. The department is adept in all-manner of transactions and is co-led by Terence Foo, a specialist in the energy, TMT and financial services sectors, who has garnered acclaim for his assisting of multinationals with their inbound investments and Chinese entities with their outbound acquisitions. Glen Ma brings over 20 years of supporting overseas entities with their expansions into China whereas Kelly Gregory is ‘an exceptional advisor’ for joint ventures, disposals, reorganisations; both are extremely knowledgeable of the consumer goods, retail and manufacturing fields. At the more junior end, counsel Yi Yang and Yan Yuan are particularly integral to the offering; the former due to his reputation among international pharmaceutical and healthcare companies and the latter owing to his private equity proficiency. Named lawyers are based in Shanghai with the exception of Foo who also spends time at the firm’s Beijing office.

Practice head(s):

Testimonials

‘Kelly Gregory is an exceptional adviser, always helpful, pragmatic and on top of all elements. A true superstar.’

The team has a very collaborative and adaptive spirit.’

Key clients

Carrefour

New World Development / NWS Holdings

Pfizer

EDF

Total Eren

Arla

Haier

COFCO

State Grid

CITIC

Work highlights

  • Advised Shanghai and Frankfurt listed Haier Smart Home Co., Ltd. on the proposed privatisation of its Hong Kong-listed subsidiary Haier Electronics Group Co., Ltd. (stock code: 1169).
  • Advised Kirkbi A/S on its partnership with Merlin Attractions Operations Limited, CMC Holdings HK Limited (an affiliate of China Media Capital) and Shanghai Guoyi Investment Management Co., Ltd. (a Chinese state-owned enterprise and affiliate of the Shanghai Jinshan district government) to establish one joint venture to develop, construct and own the Shanghai LEGOLAND Resort and a second joint venture to operate and manage the Shanghai LEGOLAND Resort.
  • Advised J.P. Morgan on its role as the exclusive financial advisor to S.F. Holding Co., Ltd. (the offeror in the transaction) on S.F. Holding’s HK$17.6bn (US$2.3 bn) acquisition of 51.8% stake in Kerry Logistics Network Limited.

China > Investment funds: foreign firms Tier 1

At the forefront of advising the asset management industry in Greater China for over 25 years, Clifford Chance LLP‘s Beijing,  Shanghai and Hong Kong teams are instructed by both Chinese and international sponsors to navigate the fund sector’s legal and business environment at regional and global levels; and clients particularly appreciate the Greater China practice’s ability to work in both Chinese and English, as well as its leveraging of investment management lawyers in the world’s major financial centres. Working across Shanghai and Beijing, Ying White heads the China funds and investment management group, focusing on the structuring, establishment and operations of offshore private equity and hedge funds; and is experienced in advising on the structuring, establishment and promotion of all types of investment funds. Hong Kong-based Mark Shipman leads the global fund and investment management group. Also in Hong Kong, Matthias Feldmann heads the firm’s global hedge fund sub-sector practice.

Practice head(s):

Key clients

Greater Bay Area Homeland Development Fund

TR Capital

Chelsfield Asia

Phoenix Property Investors

GE Capital

CPPIB

HOPU Investments

ICBC International

CBRE Global Investors

Neuberger Berman

Brilliance Capital

Work highlights

  • Advised CITIC Capital on the set up of logistics fund with SF which focuses on logistics property investment opportunities.
  • Advised Sequoia China Equity Partners on the establishment of SECP Fund, an equity long-short hedge fund established in the Cayman Islands (adopting a master-feeder structure).
  • Advised CSOP Asset Management on the launch of CSOP Hang Seng TECH Index Daily (2x) Leveraged Product and CSOP Hang Seng TECH Index Daily Inverse Product on The Stock Exchange of Hong Kong.

China > Private equity: foreign firms Tier 1

Clifford Chance LLP‘s China practice can boast strong relationships with international private equity businesses, sovereign wealth funds, and pan-Asian and China-based funds. The practice covers the full gamut of private equity transactions, ranging from LBOs, MBOs, take-privates and private investments in public equity (PIPEs), to pre-IPO, cornerstone and venture capital investments, and senior, mezzanine and high-yield financings. On the mainland, Terence Foo heads the China private equity practice, and has extensive experience in advising private equity and sovereign wealth funds on investments in China; Kelly Gregory has technology sector-related transactions experience; Yufei Liao, who acts for Chinese privately-owned and state-owned enterprises and investment funds, was made partner in May 2021; and Yan Yuan and Fang Bao are experienced counsels. Working across the Hong Kong and Sydney offices, Andrew Crook co-heads the firm’s Asia-Pacific corporate group, which recently experienced the departure of former Beijing partner Hong Zhang for JunHe LLP.

Practice head(s):

Key clients

CVC Capital Partners

Tencent

Advantage Partners

Carlyle

Permira

Affirma Capital

Gaw Capital

MBK

EQT

ADV Partners

Work highlights

  • Advised Permira Funds, as international counsel, on its acquisition of a majority stake in the EF Kids & Teens business, marking it one of the largest buyout deals in China in 2020.
  • Advised Tencent, as co-lead investor, lead investor and existing shareholder of Yuanfudao, on the Series G, G-1 and G-2 financings of Yuanfudao, a Chinese online education platform.
  • Advised CVC and Brooklyn Investment on the privatisation of I.T.

China > Projects and energy: foreign firms Tier 1

With a sizeable presence on the ground in mainland China and Hong Kong, and also able to leverage its vast international resources, Clifford Chance LLP is well-positioned to advise international, local and regional stakeholders on both inbound and outbound infrastructure and energy projects. Led by Jiahua Ni, the multi-disciplinary team has particular strength advising on project finance mandates, both from a commercial bank and ECA perspective, as well as on strategic JVs and M&A transactions. Ni excels in advising on PRC-related cross-border financings across a range of conventional power, renewables and infrastructure projects and is able to add particular value to clients requiring US financing, by virtue of his New York law qualifications. Shanghai-based partner Kelly Gregory is particularly adept at advising multinational and Chinese entities on corporate transations within the oil and gas, renewables and power sectors and is a key member of the team that also includes Terence Foo, whose transactional work in the energy and natural resources space includes outbound work for Chinese sovereign wealth funds and financial investors.

Practice head(s):

Other key lawyers:

Key clients

Bank of China

Cca Civil Colombia S.A.S.

China Harbour Engineering Company Ltd

China Construction Bank

Kai Tak Sports Park Limited

China Development Bank

Industrial and Commercial Bank of China

The Export-Import Bank of China

China Oil & Gas Pipeline Network Corporation

JCHX Mining Management Co., Ltd.

Wanbao Mining

State Grid

China Southern Grid

China Three Gorges Corporation

CITIC Resources Holdings Limited

Saudi Basic Industries Corporation

EDF

Total Eren

Work highlights

  • Acted for PipeChina as its offshore legal advisor to provide Hong Kong and US legal advice pursuant to its acquisition of pipeline-related assets from PetroChina and Sinopec.
  • Advised a Chinese state-owned investment fund on its approximately $360m co-investment with China Yangtze Power International (Hong Kong) Co., Limited (CYPI) for the acquisition of Luz del Sur S.A.A.
  • Advised Bank of China as the mandated lead arranger on the approx. $2.4bn refinancing to the Third Bosphorus Bridge and the Odayeri-Paşaköy Section of the Northern Marmara Motorway Project in Turkey.

China > Dispute resolution: Arbitration: foreign firms Tier 2

Clifford Chance LLP is noted for its astute handling of complex commercial disputes for a varied mix of domestic and international companies, financial institutions, investment funds and private equity firms. The department’s recent workload demonstrates a particular strength in arbitration administered by the Hong Kong International Arbitration Centre (HKIAC), though it is also experienced in matters relating to other sets of arbitration rules. It specialises in China-related disputes and is able to conduct arbitral proceedings in Chinese, with Lei Shi being a key contact for both PRC and multi-jurisdictional work; Shi splits time between Shanghai and Beijing. The teams in mainland China and Hong Kong operate seamlessly as one; Cameron Hassall leads the greater China group and is based in Hong Kong and Sydney.

Practice head(s):

Other key lawyers:

Lei Shi; Nathan Zhou; Thomas Walsh (Hong Kong); Haoyang Zhang (Hong Kong); Feifei Yu (Hong Kong)

Testimonials

‘The team is professional in business, efficient in service, reasonable in billing, and provides high-quality service with a five-star recommendation.’

‘Thomas Walsh leads an excellent team and provides excellent service for Chinese clients. Zhang Haoyang is an excellent lawyer who provides the best feedback in the shortest time, and the feedback quality is extremely high.’

‘This team is always on top of everything, knows the case inside out and provides advice which is comprehensive and spot-on.’

Lei Shi and Feifei Yu are very experienced and knowledgeable. Their advice to clients is always meticulous and accurate and they are also able to come up with practical suggestions and solutions even for a difficult case. They also work with counsel closely and provide all necessary support that counsel needs from time to time.’

China > Dispute resolution: Litigation: foreign firms Tier 2

An international full-service law firm, Clifford Chance LLP’s onshore practice is the culmination of decades of experience in the region. The team is led by mainland-based Lei Shi and Hong Kong-based Ling Ho and handles a broad range of commercial disputes. Shi has legal qualifications in Hong Kong, New York and on the mainland; associate Nathan Zhou is likewise qualified both in New York and on the mainland, supporting the global nature of the firm’s business. Shi, Ho, and Zhao handle a wide variety of international financial, fraud, trademark and competition disputes; consultant William Wong is highly regarded in the field of financial disputes.

Practice head(s):

Other key lawyers:

Testimonials

‘Commercially savvy, technically sound and bilingual.’

‘William Wong is extremely helpful and responsive. He also has a good grasp and understanding of clients’ needs.’

Lei Shi can grasp the key points and client needs in a short time and leads the team to complete the work on time.’

China > Fintech: foreign firms Tier 2

With enviable global reach, Clifford Chance LLP‘s multi-disciplinary fintech practice includes Chinese-speaking lawyers, who advise Chinese and international clients on all aspects of innovative and complex transactions in the fintech sector. The team is able to leverage expertise in M&A, financial regulatory, antitrust, capital markets and dispute resolution. On the mainland, co-managing partner Terence Foo is a transactions expert; Tim Wang is a cross-border M&A and capital markets specialist; Kelly Gregory‘s recent experience includes advising Tencent on a number of PE and VC investment transactions in the technology and fintech space in Europe and North America. Counsel Kimi Liu is highly experienced in data and technology regulation and financial regulatory matters. Former M&A partner Hong Zhang left the firm for JunHe LLP in January 2021.

Practice head(s):

Other key lawyers:

Testimonials

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Key clients

Tencent

Xiaomi Corporation

Work highlights

  • Advised Tencent on European online-trading group BUX’s €67m funding round (led by Prosus Ventures and Tencent).
  • Advised Tencent on its financing (together with other investors) of Viva Wallet, a pan-European neobank providing localised payment and credit services to businesses across 23 European countries.
  • Advising a large US bank on the implementation of a cybersecurity grading system and identification rules for critical information infrastructure operators in the PRC.

China > Regulatory/compliance: foreign firms Tier 2

Clifford Chance LLP’s Beijing-based regulatory team, co-led by Terry Yang and Lei Shi handles both non-contentious and contentious matters in a broad range of regulatory areas; its client roster features Chinese and global financial institutions, funds and multinational conglomerates which it advises on regulatory compliance matters in China. Shi regularly works alongside his colleagues in the US offices, and has notable experience in both advising Chinese companies in overseas criminal and regulatory compliance and investigations 9n Hong Kong, US and Europe, as well as advising multinational companies in China-related internal and external investigations and compliance matters. Counsel Kimi Liu is highly experienced in financial regulatory and derivatives, financial market infrastructure arrangements for accessing the China market and regulatory investigations.

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Other key lawyers:

Testimonials

The team works seamlessly with other lawyers around the world to provide more specialised and localised compliance services.’

Lei Shi is able to understand client needs and provide clients with the solutions they need.’

China > Restructuring and insolvency: foreign firms Tier 2

Sought out for high-value, complex cross-border matters in the region, Clifford Chance‘s Hong Kong-based team acts for creditors, lenders, co-ordinating committees, private equity sponsors, insolvency practitioners and debtors; and it is able to combine robust transactional experience with contentious expertise while supported by industry specialists in oil and gas, telecoms, construction and transport, maritime and shipping sectors. Finance partner Scott Bache leads the firm’s Asia-Pacific restructuring and insolvency group. Bache specialises in advising financial institutions, hedge funds, private equity funds, financial advisers and turnaround professionals on the full spectrum of restructuring matters, including corporate restructuring, distressed M&A and special situations investment. Also integral to the practice are experienced partner Donna Wacker, who heads the contentious regulatory and contentious insolvency practice in Hong Kong; and consultant Phoebe Lo, who acts for creditors, debtors and insolvency office holders, and specialises in non-contentious work.

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Other key lawyers:

Key clients

FTI Consulting

HSBC

Coutts

Davidson Kempner

Deutsche Bank

King Street

Carlyle Credit

Asia Broadcast Satellite

China Development Bank

Work highlights

  • Advised the senior lenders to Trans Maldivian Airways Private on its exposure under a $305m senior facilities agreement.
  • Advised ABS Group, a global satellite operator, on its restructuring proposal.
  • Advised gategroup Holding and gategroup Guarantee (as restructuring counsel) on the restructuring of its financial indebtedness.

China > TMT: foreign firms Tier 2

Advising on many of the country’s most significant deals, Clifford Chance LLP‘s TMT specialists provide integrated advice across M&A, capital markets, data privacy, cybersecurity, regulatory, tax, antitrust, IP and dispute resolution; and the China team consistently works with the firm’s wider APAC and global teams on complex, cross-border TMT matters. The broad sector expertise of China's co-managing partner Terence Foo includes TMT; Tim Wang, who works across Beijing and Shanghai, acts on TMT-related cross-border M&A and capital markets deals; and Shanghai-based partner Kelly Gregory‘s recent experience includes advising Tencent on private equity and venture capital investments in the technology and fintech space. In Hong Kong, the recent highlights of Liu Fang include advising Bilibili and JD.com on their secondary listings, and further partner-level support is provided by Asia IP head Ling Ho. Notable growth includes the May 2021 elevation of Beijing’s Yufei Liao, a technology-focused transactions lawyer, to partner.

Testimonials

Clifford Chance’s separate regulatory and IP teams in Hong Kong enable them to provide professional and comprehensive legal support for any type of work that a project may involve.

Key clients

Tencent

Xiaomi Group

Ping An Good Doctor

JD.com

Haier Smart Home

Genetron

Harbour BioMed

Archosaur Games

Hang Seng Investment Management

CSOP Asset Management

Work highlights

  • Advised Tencent, as the co-lead investor, lead investor and existing shareholder of Yuanfudao, on the Series G, G-1 and G-2 financings of Yuanfudao, a Chinese online education platform.
  • Advised the joint sponsors and underwriters, including Morgan Stanley, Bank of America and China Renaissance Securities, on short video social platform Kuaishou Technology’s $5.4bn IPO and listing on the main board of the Hong Kong Stock Exchange.
  • Advised Hang Seng Investment Management on the launch of the Hang Seng TECH Index ETF.

China > Intellectual property: foreign firms Tier 3

With over 40 years’ on-the-ground experience in Greater China, Clifford Chance LLP‘s broad IP practice is an integral part of its offering. Led by Hong Kong-based IP specialist, Ling Ho, the Greater China and Asia-Pacific IP group assists with the full suite of contentious and non-contentious IP matters, from the complex IP aspects of business-critical projects, transactions and disputes. In Shanghai, Lei Shi has impressive credentials in IP litigation in both the Hong Kong and China courts. Corporate counsel Yi Yang is experienced in advising multinational clients from the pharmaceutical/healthcare, consumer goods and manufacturing industries on IP aspects of transactions.

Practice head(s):

Other key lawyers:

Testimonials

Over the years, Clifford Chance’s China IP team has demonstrated its professional prowess, based on accumulated experience in China alongside its rich international experience.

Counsel Yi Yang has convincingly proved to be a diligent and professional transactions lawyer, who has deep insights and experience in deal-related IP issues.

Work highlights

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China > Real estate and construction: foreign firms Tier 3

Leveraging its finance, M&A and funds expertise, in particular, Clifford Chance‘s multi-disciplinary Hong Kong-based team is well-equipped to handle transactional China-based work throughout the investment life cycle. As well as advice on conventional office, residential and industrial buildings, the practice is also well-versed on matters involving more specialised real estate assets, including data centres, hospitals, exhibition venues and logistics centres. In addition to handling a significant amount of inbound work for international investors, the team also regularly forms an integral part of cross-office deployments for local clients on outbound matters. The team is co-headed by fund formation expert Matthias Feldmann and finance partner Dauwood Malik.

Other key lawyers:

Key clients

Cainiao Network

Partners Group

Chelsfield Asia

Phoenix Property Investors Limited

Kai Tak Sports Park Limited

Carrefour Nederland B.V.

Actis

HOPU Investments

HSBC

CK Asset Holdings Limited

Work highlights

  • Advised Kirkbi A/S (Kirk Kristiansen family’s private holding and investment company founded to build a sustainable future for the family ownership of the LEGO brand) on its partnership with Merlin Attractions Operations Limited, CMC Holdings HK Limited (an affiliate of China Media Capital) and Shanghai Guoyi Investment Management Co., Ltd. (a Chinese state-owned enterprise and affiliate of the Shanghai Jinshan district government) to establish one joint venture to develop, construct and own the Shanghai LEGOLAND Resort and a second joint venture to operate and manage the Shanghai LEGOLAND Resort.
  • Advised Kai Tak Sports Park Limited, a consortium consisting of New World Development and its subsidiary NWS Holdings, on the successful award of a 25-year contract to design, build and operate the Kai Tak Sports Park.
  • Advised the underwriters on New World Development Company Limited’s sustainability-linked bond issuance.

Hong Kong > Capital markets (equity)

Particularly strong on the underwriter side, as a result of entrenched firmwide institutional ties with many leading global and regional banks, and also picking up a considerable amount of issuer mandates, Clifford Chance receives a ‘tremendous flow of work‘ and is consequently fully abreast of current market trends from both perspectives. Led out of Hong Kong by Amy Lo and aided by a significant presence in Shanghai and Beijing, the team, which ‘understands the cultural and commercial background of mainland China’, is appreciated for the integrated nature of its advice which frequently leads to big-ticket IPO work (on both bank and issuer side) for Chinese corporates seeking to list on the Main Board of the Hong Kong Stock Exchange. Although the firm is sector agnostic, it has recently been particularly active advising on transactions within the TMT, financial services, healthcare and real estate sectors. Virginia Lee continues to develop a flourishing reputation on both transactional matters, including IPOs and pre-IPO investments, as well as on regulatory issues relating to listing rules. Tim Wang is the main contact in Beijing.

Practice head(s):

Amy Lo; Tim Wang  (Beijing)

Testimonials

Clifford Chance has teams in Hong Kong and Mainland China that can handle Hong Kong’s equity capital market business, and the scale is among the top in the industry. From the perspective of resource allocation, the firm has outstanding advantages for assisting Chinese customers in handling large-scale projects with tight schedules and heavy tasks.

The team understands the cultural and commercial background of mainland China, and are also familiar with the actual situation of the Hong Kong capital markets.’

Clifford Chance’s Hong Kong Equity Capital Market team includes lawyers from both mainland China and Hong Kong. They understand the cultural and business background of mainland China and the actual situation of Hong Kong’s capital market, which has obvious advantages in daily communication with companies and Hong Kong regulators.

‘Tim Wang demonstrated superb professional and technical ability.’

Tianning Xiang has shown strong professionalism in both project implementation and the communication with relevant regulatory agencies.’

Key clients

Kuaishou Technology

JD.com

Haier Smart Home

Nongfu Spring

China Bohai Bank

CR Mixc Lifestyle (under China Resources Group)

China International Capital Corporation

Postal Savings Bank of China

China Pacific Insurance

SDIC Power

Work highlights

  • Advised the joint sponsors and underwriters, including Morgan Stanley, Bank of America and China Renaissance Securities, on Kuaishou Technology’s $5.4bn IPO and listing on the main board of the Hong Kong Stock Exchange.
  • Advised the joint sponsors, Bank of America, UBS and CLSA, and the underwriters on JD.com’s $3.87bn IPO and secondary listing on the Hong Kong Stock Exchange.
  • Advised Haier Smart Home Co., Ltd (Shanghai and Frankfurt listed) on the merger with its Hong Kong-listed subsidiary, Haier Electronics Group Co., Ltd. The merger was effected by a privatisation of 1169 by scheme of arrangement. This was then followed by a listing of the H shares of Haier Smart Home which were offered in exchange for the shares held by the shareholders of 1169.

Hong Kong > Corporate (including M&A)

Active in the region for over 40 years, Magic Circle firm Clifford Chance boasts over 70 corporate and M&A lawyers across its Hong Kong, Beijing and Shanghai offices. The team is a go-to for a number of deal types including outbound, inbound, private and public M&A. Among its sectors of specialisation are retail, consumer goods, technology, finance, energy and real estate and the practice is supplemented by the firm’s broader expertise in regulatory, antitrust, capital markets and funds. Andrew Crook, co-head of the firm’s Asia Pacific corporate group, recently re-located from Sydney to Hong Kong and arrives with extensive private equity expertise. Elsewhere, Bryan Koo is carving out a prominent reputation for cross-border public takeovers and corporate restructurings while Terence Foo is a go-to for strategic investments and joint ventures across the entirety of the region. Emma Davies leads the mainland China department from Hong Kong and also fronts the healthcare and life sciences practice.

Other key lawyers:

Testimonials

‘Very clear and pragmatic approach and quick to understand the setting.’

‘Bryan Koo is always available and unusually concise and clear in his advice.’

Key clients

Carrefour

New World Development / NWS Holdings

Pfizer

EDF

Total Eren

Arla

Haier

COFCO

State Grid

CITIC

Work highlights

  • Advised Shanghai and Frankfurt listed Haier Smart Home Co., Ltd. on the proposed privatisation of its Hong Kong listed subsidiary Haier Electronics Group Co., Ltd..
  • Advised Kirkbi A/S (Kirk Kristiansen family’s private holding and investment company founded to build a sustainable future for the family ownership of the LEGO brand) on its partnership with Merlin Attractions Operations Limited, CMC Holdings HK Limited (an affiliate of China Media Capital) and Shanghai Guoyi Investment Management Co., Ltd. (a Chinese state-owned enterprise and affiliate of the Shanghai Jinshan district government) to establish one joint venture to develop, construct and own the Shanghai LEGOLAND Resort and a second joint venture to operate and manage the Shanghai LEGOLAND Resort.
  • Advised J.P. Morgan on its role as the exclusive financial advisor to S.F. Holding Co., Ltd. (the offeror in the transaction) on S.F. Holding’s HK$17.6bn (US$2.3bn) acquisition of 51.8% stake in Kerry Logistics Network Limited (stock code 636.HK).

Hong Kong > Investment funds

With strong local knowledge and also able to integrate cutting-edge techniques and know-how gleaned from the firm’s experience across other jurisdictions, Clifford Chance‘s Hong Kong office is a popular choice among fund sponsors seeking guidance across the range of open and closed-ended funds. Clients also gain comfort in the knowledge that the team has ‘very strong regulatory capabilities’ and benefits from a good working relationship with the relevant supervisory bodies. Team head Mark Shipman is a ‘market leader in the space; as well as his role as a trusted advisor to financial services entities on standalone fund formation mandates, he is also regularly engaged by numerous trade bodies/committees to provide high-level insight into regulatory matters. Matthias Feldmann excels in open-ended funds and has been at the forefront of the establishment of many of the largest hedge fund launches in the region. Splitting his time between the firm’s Beijing and Shanghai offices, Ying White rounds out the firm’s Greater China offering at a senior level and has a particularly strong reputation among PRC financial institutions in relation to the structuring, establishment and operations of offshore private equity and hedge funds.

Practice head(s):

Testimonials

The team is commercially astute, a market leader in terms of product knowledge and has the ability to field a bilingual offering. It is also effortlessly able to integrate with other practice areas such as regulatory and disputes.’

Mark Shipman is a market leader in this space.’

The technically sound and always responsive Teresa Leung is excellent.’

Key clients

Greater Bay Area Homeland Development Fund

TR Capital

Chelsfield Asia

Phoenix Property Investors Limited

GE Capital

CPPIB

HOPU Investments

ICBC International

CBRE Global Investors

Neuberger Berman

Brilliance Capital (second largest Chinese hedge fund)

Work highlights

  • Advised CITIC Capital on the set up of logistics fund with SF which focuses on logistics property investment opportunities.
  • Advised Sequoia China Equity Partners on the establishment of SECP Fund, an equity long-short hedge fund established in the Cayman Islands adopting a master-feeder structure.
  • Advised CSOP Asset Management Limited (CSOP), a leading ETF manager in Hong Kong, on the launch of CSOP Hang Seng TECH Index Daily (2x) Leveraged Product and CSOP Hang Seng TECH Index Daily (-2x) Inverse Product on The Stock Exchange of Hong Kong.

Hong Kong > Private equity

Following the departure of Andrew Whan and Neeraj Budhwani to Milbank in early 2021, Clifford Chance’s private equity offering is headed by Andrew Crook, who recently relocated from Sydney to Hong Kong, Terence Foo, who is based in Beijing and Shanghai, and Bryan Koo in Hong Kong. Crook is experienced in cross-border transactions acting for private equity firms and multinational businesses, and Koo advises international and Chinese private equity funds, financial institutions and corporate clients. The team is active in both upstream fund formation and downstream transactional work, and its broad expertise includes LBOs, MBOs, take-privates, PIPEs, pre-IPO investments, growth investments, and senior, mezzanine and high yield financings.

Practice head(s):

Andrew Crook; Terence Foo (Beijing/Shanghai); Bryan Koo

Key clients

CVC Capital Partners

Tencent

Advantage Partners

Carlyle

Permira

Affirma Capital

Gaw Capital

MBK

EQT

ADV Partners

Work highlights

  • Advised Permira Funds as international counsel on its acquisition of a majority stake in the EF Kids & Teens business.
  • Advised Tencent as the co-lead investor, lead investor and the existing shareholder of Yuanfudao in the Series G, G-1 and G-2 financings of Yuanfudao respectively, a Chinese online education platform which offers online courses and homework plans to students and ranks first in China for in-app purchases in the education category.
  • Advised CVC and Brooklyn Investment Limited (the “Offeror”) on the privatisation of I.T. Limited (the “Listco”), particularly on the corporate restructuring of Listco and advised CVC and the Offeror on debt financing aspects in relation to the privatisation.
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The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices: Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh

Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices