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

Clifford Chance LLP‘s antitrust group is routinely mandated by multinationals, major Chinese clients, investment banks and private equity firms. With a career including a stint at the Ministry of Commerce of the People’s Republic of China (MOFCOM), Beijing-based Yong Bai is highly appreciated for his familiarity with China’s various antitrust agencies. Also on the mainland, 2021-promoted counsel Dayu Man advises multinational and Chinese corporations, investment banks and private equity firms on global merger control and FDI filings, along with antitrust conduct rules. In May 2022, competition law expert Zibo Liu was elevated to counsel.

Practice head(s):

Yong Bai

Other key lawyers:

Key clients

Hitachi Rail

TotalEnergies

CVC

Abbott

Pfizer

Sinochem

China Baowu Steel Corporation

China Three Gorges (Europe)

China XD Group

Tencent

Work highlights

  • Advised CVC on its purchase of the entire issued share capital of ekaterra (a subsidiary of Unilever), which produces tea brands.
  • Advised Sinosteel Group Corporation on the merger control filings for its acquisition of sole control of Deen Holdings Corporation, the holding company for chrome ore and ferrochrome producer, Samancor Chrome.
  • Assisted one of Abbott’s business units in China with an antitrust investigation by Shanghai Administrative for Market Regulation.

China > Banking and finance: foreign firms Tier 1

Clifford Chance is a go-to firm for clients seeking advice on sustainability-linked financing, with the firm’s wider offering in complex cross-border financing transactions attracting a bundle of leading investment banks, private equity sponsors and funds. Hong Kong-based Anthony Wang, regarded for his ‘thorough analysis‘ in acquisition financing and syndicated loan arrangements, heads the practice, and is accompanied by Matthew Truman, who specialises in restructurings and acquisition finance. Maggie Lo, dividing her time between Beijing and Hong Kong is another notable figure, with a broad practice encompassing cross-border projects, receivables and pre-IPO finance. Strengthening the firm’s debt offering is Hong Kong managing partner Dauwood Malik, who works alongside Edith Leung and Vicky Ma in Hong Kong, both of whom are noted for a range of cross-border transactions. Jiahua Ni is another standout member noted for outbound financings.

Practice head(s):

Testimonials

‘Many of the lawyers in the firm are very experienced, they can handle all sorts of structures and problems very well.’

‘Anthony Wang is extremely hardworking and always goes into details – he can provide thorough analysis of the risk profile in a transaction, with suggestions of effective mitigations for each of the risks.’

Vicky Ma has good knowledge and experience in project finance, and she also has a passion for her job.

‘Technically strong. First class advice and documentation quality.’

Key clients

Bank of China

China Development Bank

Citi

Deutsche Bank

HSBC

IFC

JPMorgan

Standard Chartered Bank

UBS

Hillhouse Capital

Trustar Capital

The Carlyle Group

TPG

MBK

PAG

Advantage Partners

Work highlights

  • Advised PAG on a $933 million loan facility provided by Australia and New Zealand Banking Group, Bank of China and BNP Paribas to finance PAG’s $2.8 billion minority investment in the commercial property management business Dalian Wanda Group.
  • Advised J.P. Morgan on its role as the exclusive financial advisor to S.F. Holding on its $2.3 billion acquisition of 51.8% stake in Kerry Logistics Network Limited.
  • Advised a group of Taiwanese banks as mandated lead arrangers and bookrunners on a EUR term facility for BizLink Holding, for acquiring the Leoni Industrial Solutions business group from LEONI AG.

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

Clifford Chance LLP acts across the full range of transactions in the Chinese M&A market, with deep expertise in handling inbound and outbound M&A across a variety of sectors. The team has a broad client base including both Chinese and international companies, and is regularly instructed to advise on joint ventures involving foreign companies entering the Chinese market. The Shanghai and Beijing offices collaborate with the firm’s Hong Kong team to handle transactions involving both jurisdictions, such as investments into HK companies and take-privates involving companies listed on the Stock Exchange of Hong Kong. Terence Foo is a highly experienced dealmaker and is noted for his work in private equity transactions, while Kelly Gregory focuses on large-scale inbound M&A. Yi Yang was promoted to partner in May 2022, while Hong Zhang departed the firm in January 2021.

Practice head(s):

Key clients

Carrefour

Pfizer

EDF

China Three Gorges (Europe) S.A

Dongfeng Motor Group Co., Ltd

China Huarong Asset Management Co., Ltd.

China Post Life

Coca Cola

China Youzan Limited

TOTAL EREN

Work highlights

  • Advised China Post Life for the sale of a 24.99% stake, post investment, to AIA Group Limited (AIA) for US$1.86 billion.
  • Advised Beijing Capital Group Co., Ltd. (BCG) on the privatisation, through its wholly-owned subsidiary, of Beijing Capital Land Ltd. (BCL), a company incorporated in the PRC and listed on the Hong Kong Stock Exchange.
  • Advised China Machinery Engineering Corporation (CMEC) in relation to its privatisation by the offeror company wholly owned by China National Machinery Industry Corporation.

China > Fintech: foreign firms Tier 1

Clifford Chance LLP‘s mainland China-based fintech practice advises on the commercial, transactional, regulatory and contentious issues faced by both established and emerging fintech sector players. The team is sought out for fintech-related projects across key areas, such as smart contracts, tokenisation, and stablecoins/central bank digital currencies and is considered a ‘one-stop shop‘ for blockchain and cryptocurrency work. It is also active in relation to non-fungible tokens, robo-advice, eKYC (electronic Know Your Customer), artificial intelligence and insurtech. Kelly Gregory‘s recent track record includes advising Tencent on several private investments in the fintech space; co-managing partner Terence Foo is a transactions expert; and Tim Wang is a cross-border M&A and capital markets expert. In Hong Kong, Kimi Liu‘s ‘dedication to tailoring practical legal solutions to clients’ needs is vital‘; Ling Ho is Asia IP head and consultant Brian Harley has a longstanding focus on fintech work.

Practice head(s):

Kelly Gregory; Rocky Mui

Testimonials

‘Clifford Chance has leading blockchain and crypto industry legal experts, not only in Hong Kong but in other key jurisdictions where clients require strategic support on complex legal matters. This alone uniquely sets Clifford Chance apart from its peers as a one-stop-shop for legal advice on complex, cross-jurisdictional blockchain and crypto regulations.’

‘Apart from the usual qualities that clients would expect from top Magic Circle firm lawyers, Rocky Mui distinguishes himself from other lawyers for his in-depth knowledge of blockchain and crypto industry matters, and his understanding of clients’ businesses; and his dedication to tailoring practical legal solutions to clients’ needs is vital in a competitive, fast-moving (yet full of regulatory uncertainties) industry.’

Key clients

Tencent

Contour

Futu Securities

Hex Trust

Work highlights

  • Advised Tencent, as the existing shareholder of Nu Holdings (Nubank), on its participation in two rounds of Series G fundraising by Nubank.
  • Advised Tencent (as lead investor) on Scalapay’s Series B equity financing round.
  • Advising several Hong Kong financial institutions on PRC and Hong Kong data and privacy law issues, as well as financial licensing regulatory matters.

China > Investment funds: foreign firms Tier 1

With an extensive offering in Greater China, which spans over 25 years and has established offices in Beijing, Shanghai, and Hong Kong, the investment fund practice at Clifford Chance LLP stands out for its advice on fund life cycles, including raising, structuring, and launch, with further expertise in governance and investment vehicles. Leading the team is Hong Kong-based Mark Shipman, having recently acted for HSBC in its establishment of the HSBC China Dragon Fund, a close-ended unit trust fund with the objective of long-term capital growth. Heading the firm’s funds and investment management group in China is Ying White, who divides her time between Beijing and Shanghai advising a range of asset managers and financial institutions with regard to the structuring, establishment and operation of offshore hedge funds and private equity.

Practice head(s):

Testimonials

‘Clifford Chance has been in China for a long time and maintains a strong team there. The biggest advantage they have is that their local team can leverage all the know-how from the global funds team.’

‘They are good communicators.’

Key clients

GROW Investment Group

AnglePoint Asset Management

ActusRay Partners

StillBrook Capital

Springhill Fund Asset Management

SCHP Management

Greater Bay Area Homeland

Jetha Global

Phoenix Property Investors

China > Private equity: foreign firms Tier 1

Clifford Chance LLP‘s China private equity practice routinely acts for international clients such as CVC, Partners Group and Permira, in addition to enjoying strong relationships with pan-Asian and China-based clients, as well as sovereign wealth funds. The team’s coverage includes LBOs, MBOs, take-privates and PIPEs, along with pre-IPO and cornerstone investments, growth capital/venture capital investments, and senior, mezzanine and high-yield financings. China private equity head Terence Foo has longstanding experience in advising private equity and sovereign wealth funds on their investments in China; Kelly Gregory is active in the energy, technology, manufacturing, consumer goods and retail and technology sectors; and recently promoted partner Yufei Liao is an M&A, private equity and equity capital transactions specialist. Further expansion includes corporate expert Yang Yi making partner in May 2022, while Fang Bao is the counsel to note. Former counsel Yan Yuan recently joined Ashurst. All names listed practise from the mainland.

Practice head(s):

Terence Foo

Other key lawyers:

Key clients

CVC

EQT

Permira

Partners Group

Carlyle

MBK

L Catterton Asia

Tencent

Affirma Capital

Sequoia Capital China

Work highlights

  • Advised private equity firm Navis Capital Partners on the disposal of its entire interest in QIMA, a provider of supply chain compliance solutions, to Caisse de dépôt et placement du Québec.
  • Advised CVC Capital Partners on its strategic investment in Xi’an Yikang Pharmacy, a pharmaceutical retail chain.
  • Advised EQT Private Equity on its majority stake acquisition of Guardian Shanghai Hygiene Service.

China > Projects and energy: foreign firms Tier 1

Clifford Chance LLP’s presence across mainland China and Hong Kong catalyses the firm’s ability to handle matters in a China-facing and outbound context. With a ‘very experienced’ team of over 40 lawyers in the region, the practice places particular focus on project finance mandates and high-profile joint venture and M&A transactions, acting for the likes of China Harbour Engineering Company and Total Eren in a project development and equity stake acquisition, respectively. Jiahua Ni, who divides his time between Beijing and Shanghai leads the team with experience in PRC-related cross-border financings, with most of his time taken up by his advising of Chinese banks in export credit, project, structured, and general corporate finance within the scope of Asia, Middle East, South America and Africa. In Shanghai, Kelly Gregory is another key member, specialising in M&A and joint ventures involving multinational and Chinese corporations, with a further emphasis on disposals and reorganizations. Deepening the firm’s expertise in M&A is Beijing-based Terence Foo, noted for his advice on outbound investments, while Vicky Ma, who has a footing in the firm’s Hong Kong and Beijing offices, has particular ‘knowledge and experience in project finance’.

Practice head(s):

Testimonials

‘Many of the lawyers in the firm are very experienced, they can handle all sorts of structures and problems very well.’

Vicky Ma has good knowledge and experience in project finance, and she also has a passion for her job.

Key clients

China Harbour Engineering

China Three Gorges

Total Eren

Bank of China

Shanghai Legoland

Industrial and Commercial Bank of China

Sinochem Group

China Development Bank

China Construction Bank

SABIC China Holding

Work highlights

  • Advising China Harbour Engineering on the development of a non-integrated liquefied natural gas receiving terminal project in Sri Lanka.
  • Advised China Three Gorges on the 100% equity stake acquisition of a 181 MW operating wind portfolio from EDP Renováveis, amounting to approximately $351.4 million.
  • Advised Total Eren on its joint ventures with Aden for the joint ownership, development and operation of projects in renewable energy and other energy-related business in China.

China > Dispute resolution: Arbitration: foreign firms Tier 2

Clifford Chance LLP‘s litigation and dispute resolution practice combines the talents of practitioners across the firm’s international network, allowing it to achieve successful outcomes for a range of domestic and international corporations, investment funds and private equity firms. The firm showcases particular strength in cases before the Hong Kong International Arbitration Centre (HKIAC). Hong Kong-based partners Thomas Walsh and Cameron Hassall lead the practice alongside Lei Shi, who divides his time between Shanghai and Beijing. Considered ‘absolutely first class‘, Shei leverages his experience as a triple-qualified practitioner to represent major banks, financial investors and technology companies in PRC and multi-jurisdictional disputes. In Shanghai, senior associate Nathan Zhou supports the team’s efforts in a variety of disputes featuring a Chinese element.

Other key lawyers:

Testimonials

‘This team is experienced and knowledgeable. They are always on top of everything for each case. Their attention to detail is highly impressive.’

‘While they do their utmost to address client’s needs and concerns, they will manage client’s expectations and also make realistic and constructive suggestions as the case progresses. They have smooth co-ordination and provide unfailing support for counsel team. Overall, this is an exceptional team.’

‘Lei Shi and Feifei Yu are absolutely first class. They provide meticulous analysis on both facts and law. In particular, in an arbitration, they conduct effective cross-examination of the other side’s expert witness in respect of various technical details on accounting.’

‘Their skills starkly demonstrate their complete understanding of every aspect of the expert evidence and craftsmanship in formulating questions.’

Work highlights

  • Acting for a company in a Chinese telecoms group in HKIAC arbitration brought by affiliated companies of a US software developer regarding a software licensing dispute.
  • Acting for a large Chinese state-owned asset management group in Hong Kong-seated UNCITRAL arbitration in a bond and guarantee dispute.
  • Acting for a Hong Kong company in two Hong Kong seated arbitrations amounting to a total of $100m in respect of put option disputes.

China > Dispute resolution: Litigation: foreign firms Tier 2

Clifford Chance LLP is distinguished by its onshore practice, with a foundation of on-the-ground experience across Greater China, supported by a network of international offices. The team is sought out by financial institutions, financial investors and corporations for assistance in a range of commercial disputes. Acting as the head of the firm’s Hong Kong litigation and dispute resolution practice, Ling Ho leads the team with a practice dedicated to IP and tech-related disputes. Donna Wacker is another standout, with over 20 years of experience acting for clients in litigation concerning financial services and insolvency, while Shanghai-based partner Lei Shi is a triple-qualified practitioner with a specialisation in PRC-related commercial litigation. Michael Wang plays a key role in the firm’s banking litigation offering, assisting banks, investment funds and listed companies on a regular basis. Notable changes to the team include the arrival of Jonathan Wong from Freshfields Bruckhaus Deringer in April 2021 and Soo Khim Keoy from Withers in June 2021.

China > Regulatory/compliance: foreign firms Tier 2

Clifford Chance LLP provides a one-stop-shop service, covering both contentious and non-contentious matters. It advises on a broad array of regulatory issues, including financial regulatory, anti-money laundering, anticorruption, sanctions, export control, data privacy, and cybersecurity. It regularly handles overseas regulatory and compliance matters for Chinese financial institutions and corporations, as well as advising global banks, funds and multinational conglomerates on their China-related matters. The team is co-headed by Terry Yang, who splits his time between Shanghai and Hong Kong, and Lei Shi, who is based across the Shanghai and Beijing office. Yang has significant expertise advising both Chinese and international banks and fund managers in regulatory matters, whilst Shi specialises in anti-bribery, corruption, sanctions, and export control matters across a range of industries.

Practice head(s):

Terry Yang; Lei Shi

Work highlights

  • Advised a US auto company on their overall China data project to address regulatory requirements under automotive data security laws as well as personal information privacy laws.
  • Advising on several real estate finance restructuring projects.
  • Advising leading Hong Kong financial service providers on data and privacy issues.

China > Restructuring and insolvency: foreign firms Tier 2

Combining transactional experience with contentious expertise, Clifford Chance‘s Hong Kong-based practice comprises experienced restructuring and insolvency specialists, who regularly work alongside the firm’s funds, M&A, finance and capital markets experts. The team is consistently mandated by creditors, lenders, coordinating committees, private equity sponsors, insolvency practitioners and debtors on heavyweight cross-border matters across the Asia-Pacific region. Asia-Pacific restructuring and insolvency group head, Scott Bache, specialises in corporate restructuring, distressed M&A and special situations investments, along with insolvency issues, security enforcement and general banking litigation; and with longstanding experience in representing liquidators and provisional liquidators in large Asian insolvencies, Donna Wacker leads the the contentious insolvency practice in Hong Kong. Also integral to the team are disputes partner Thomas Walsh, who is active in insolvency-related matters; and May 2022-promoted partner Phoebe Lo, who specialises in non-contentious, corporate insolvency and restructuring work. Consultant Yvonne Shek assists with cross-jurisdictional insolvencies.

Practice head(s):

Scott Bache; Donna Wacker

Other key lawyers:

Key clients

FTI Consulting

HSBC

Davidson Kempner

Deutsche Bank

King Street

Carlyle Credit

Asia Broadcast Satellite

Work highlights

  • Advised the senior lenders and appointed receivers on the financial restructuring of Trans Maldivian Airways Private.
  • Advising FTI Consulting, as liquidator of Trinity, a holding company of the Trinity Group (the owner of a number of high-fashion brands).
  • Advising gategroup Holding and gategroup Guarantee on the restructuring of financial indebtedness.

China > TMT: foreign firms Tier 2

Acting for both Chinese and international clients, Clifford Chance LLP‘s Greater China TMT transactions team leverages the firm's cross-practice expertise in M&A, regulatory, antitrust, capital markets and dispute resolution. The team is also increasingly active in relation to the rapidly developing regimes governing electronic payments, cryptocurrencies and the use of artificially intelligent systems, along with technology infrastructure investment financing and complex data licensing arrangements. Dividing their time between the firm's Beijing and Shanghai offices, Terence Foo has longstanding experience in private and public M&A and joint ventures, including TMT sector deals; and Tim Wang is a cross-border M&A and capital markets expert. Also on the mainland, the recent track record of experienced partner Kelly Gregory includes assisting Tencent with private investments in the games, technology, medtech and fintech spaces; and in Beijing, 2021-promoted partner Yufei Liao specialises in corporate M&A, private equity, technology and capital markets work.

Practice head(s):

Terence Foo; Kelly Gregory

Other key lawyers:

Key clients

Tencent

Zhihu

UNQ

SF Intra-City

China Youzan

iDreamsky

XD Inc

Medlive

SenseTime

Qingdao AInnovation

Work highlights

  • Advised Tencent on the merger between GoJek and Tokopedia to form GoTo Group.
  • Advised the joint sponsors, Credit Suisse, JP Morgan, CICC and CMB International (and the underwriters) on the IPO and dual primary listing of Chinese question-and-answer platform, Zhihu, on the main board of the Hong Kong Stock Exchange.
  • Advised a multinational automotive company on achieving overall compliance with the PRC data/privacy laws.

China > Intellectual property: foreign firms Tier 3

Clifford Chance LLP‘s Greater China and Asia Pacific IP group comprises both IP specialists and commercial lawyers from the firm's corporate, litigation and dispute resolution teams, who consistently handle both contentious and transactional IP issues. With longstanding experience in advising clients on IP-related matters in the Greater China region, Hong Kong-based IP Asia group head Ling Ho 'impresses with her analysis', while in Shanghai Lei Shi is a PRC-related IP disputes expert. In April 2022, Yi Yang, who advises multinational clients from the pharmaceutical, healthcare, consumer goods and manufacturing industries on IP matters, was made partner.

Practice head(s):

Ling Ho

Other key lawyers:

Lei Shi; Yi Yang; Thomas Walsh; Iris Mok; Dianna Shao; Haoyang Zhang; Justin Luo

Testimonials

‘Clifford Chance’s IP practice features sharp insights into clients’ business alongside tailored legal services.’

‘Ling Ho consistently impresses with her analysis, attention to critical details, and personalised legal service.’

China > Real estate and construction: foreign firms Tier 3

Clifford Chance’s multidisciplinary approach enables the Hong Kong-based team to handle a range of investment life cycle work for international investors, while also dealing with conveyancing, M&A, financing and joint ventures. Amy Ho leads the firm’s real estate, gaming and lodging group, with experience advising clients with regard to private equity, joint ventures and strategic transactions relevant to the real estate sector. Matthias Feldmann and Dauwood Malik are also noted as key contacts.

Practice head(s):

Other key lawyers:

Key clients

Cainiao Network

Partners Group

Chelsfield Asia

Phoenix Property Investors

Kai Tak Sports Park

Carrefour Nederland

Actis

HOPU Investments

HSBC

CK Asset Holdings

Work highlights

  • Advising PAG on a $933 million loan facility provided by Australia and New Zealand Banking Group, Bank of China and BNP Paribas to finance PAG’s $2.8 billion minority investment in Dalian Wanda Group ahead of its Hong Kong IPO.
  • Advised APG Asset Management on the establishment of a joint venture with Wang On Properties, to engage in the acquisition of residential properties in Hong Kong for development and re-development for sale.
  • Acted as lead international counsel to Bank of China’s Macau Branch as arranger, lender and agent on USD and HKD revolving facilities in an aggregate amount equivalent to $1,5 billion.

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.

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