Firm Profile > Clifford Chance > Hong Kong, Hong Kong

Clifford Chance
27TH FLOOR JARDINE HOUSE
ONE CONNAUGHT PLACE
HONG KONG
Hong Kong

Banking and finance Tier 1

Clifford Chance has a large banking team spread across Greater China; its integrated team has the ability to advise on local laws across the globe. The practice leverages mandates from leading international banks, funds, private equity investors and corporates in relation to a broad range of financing matters. As sole legal counsel to the Asia Pacific Loan Market Association (APLMA), the firm helps to shape the banking regimes in which its clients operate. Matthew Truman is highly regarded for acquisition finance, general banking and restructuring and is dual-qualified as a solicitor in Hong Kong, and England and Wales. Dauwood Malik is recommended for debt products, with a particular focus on syndicated finance. Vicky Ma handles international project finance and China outbound financings. Anthony Wang heads the team.

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Key clients

Bank of China

Citi

CITIC Capital Partners

CVC

Hillhouse Capital

HSBC

ICBC

JPMorgan

Permira

Standard Chartered Bank

Capital markets (debt) Tier 1

Clifford Chance has an integrated team across Hong Kong, Beijing and Shanghai, which advises issuers and underwriters on a broad range of debt capital markets matters. Key areas of focus for the practice include international public bond issuances, Reg S/144A offerings, high yield bonds, hybrid securities, regulatory capital, MTN programmes, CD and CP programmes, and equity-linked products. It counts Chinese SOEs, privately owned enterprises, financial institutions and government financial vehicles amongst its clients. With a dedicated US securities practice, the firm handles international mandates with ease. Team head Connie Heng has over 20 years’ experience advising Chinese and international clients. Matthew Fairclough is recommended for liability management transactions and regulatory matters. Mark Chan handles in a wide range of debt and equity-linked capital markets products.

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Key clients

Bank of China

China International Capital Corporation (CICC)

ICBC International (ICBCI)

The Hongkong and Shanghai Banking Corporation Limited (HSBC)

Guotai Junan Securities

Standard Chartered

J.P. Morgan

Citi

Beijing Capital Group Co., Ltd

China Ping An Insurance (Group) Company of China, Ltd

Capital markets (equity) Tier 1

In 2019, the Greater China ECM team at Clifford Chance completed 15 IPOs on the Main Board of Hong Kong Stock Exchange for both Chinese and international companies. It also continued to assist Chinese companies with their fund raising in overseas markets. The team leverages mandates from the TMT, financial services, healthcare, real estate and consumer goods sectors. Amy Ho heads the practice in Hong Kong, with over 30 years’ experience in corporate finance, cross-border M&A and securities transactions across Asia. Virginia Lee handles takeovers, IPOs, pre-IPO investments, joint ventures, equity fundraising and compliance matters. Liu Fang advises issuers and global investment banks in Hong Kong IPOs, SEC-registered offerings, share placements, notes offerings, and other capital raising transactions. Tim Wang is the main contact in Beijing.

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Key clients

Huatai Securities

Shenwan Hongyuan Group

Bank of Guizhou

JS Global Lifestyle Company

Maoyan Entertainment

CIMC Vehicle

XD Inc.

CK Asset Holdings Limited

Corporate (including M&A) Tier 1

Clifford Chance is well-placed to handle innovative and complex M&A deals by fielding multi-disciplinary teams that draw on strength from its regulatory, IP, acquisition financing, and capital markets experts. It advises leading international and local enterprises on private M&A, public M&A, China inbound and outbound M&A, and multi-jurisdictional M&A. The practice acts for leading corporate, financial and private equity clients in transactions across the Asia Pacific region. Emma Davies is a China-focused Mandarin speaker, who is recommended for joint ventures. Amy Ho heads the Asia Pacific insurance practice and is noted for her experience in the insurance, consumer goods, and retail real estate sectors. Andrew Whan recently departed to Milbank.

Testimonials

‘Andrew Whan provides excellent personal service and coordinates his team to address our needs’.

‘Andrew is very knowledgeable, thoughtful and practical’.

Key clients

Carrefour

State Grid

New World Development / NWS Holdings

Pfizer

EDF

Dongfeng Motor Group

Fosun

China Baowu Steel Group

CITIC

Hong Kong Broadband Network

Investment funds Tier 1

The funds and investment management team at Clifford Chance has 40 years’ experience in Greater China. On the private equity side, the firm advises on upstream fund formation; it also handles all types of hedge fund structures, including those targeting US and EU investors. Real estate funds are another area of focus, where it acts for sponsors, issuers and underwriters on cross-border transactions. The practice also advises on registered funds, including establishing and structuring authorised funds, such as exchange-traded funds (ETFs) and real estate investment trusts (REITs). Mark Shipman, who co-heads the team, is experienced in the full range of investment funds and is a board director of the Alternative Investment Management Association (AIMA) and a member of the Advisory Committee and Products Advisory Committee to the Hong Kong Securities and Futures Commission (SFC). Matthias Feldmann also heads the team and acts as fund investor’s counsel, advising on securities and banking regulatory work, as well as direct private equity investments. Viola Lui was promoted to partner.

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Testimonials

‘The team has a market leading practice in Hong Kong in this space and is able to advise on regulatory implications when structuring products’.

‘Mark Shipman is an industry leader while other members of his team (particularly Teresa Leung) are very proactive in responding to queries’.

‘They are able to provide commercial and pragmatic advice that takes into account market practice’.

Key clients

Greater Bay Area Homeland Development Fund

TR Capital

Chelsfield Asia

Phoenix Property Investors Limited

GE Capital

CPPIB

HOPU Capital

ICBC International

CBRE Global Investors

Neuberger Berman

Regulatory Tier 1

Mark Shipman and Donna Wacker head up the practice at Clifford Chance, which counts Hong Kong's Securities and Futures Commission (SFC) investigations and Market Misconduct Tribunal (MMT) proceedings as core strengths. The client base includes global financial institutions and regulatory bodies. Rocky Mui is a key name, while Viola Lui made partner in May 2020.

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Key clients

Credit Suisse

CQS

Citadel

Invesco

Schroder Investment Management

HSBC Global Asset Management

UBS

JP Morgan

CPPIB

Standard Chartered Bank

Structured finance and securitisation Tier 1

The derivatives and structured finance practice at Clifford Chance is led by Francis Edwards. The team advises buy-side and sell-side clients on structured note investments, margin financing transactions, and cross-border acquisitions involving OTC derivatives. Edwards is noted for his expertise in derivatives, financial market products, and structured finance. Terry Yang is recommended for structured products and financial regulatory matters. James Pedley left for Simmons & Simmons.

Antitrust and competition Tier 2

Benefiting from a sizeable deal flow, by virtue of the firm's blue riband roster of multinational and regional corporates/private equity sponsors and also able to draw upon the expertise of antitrust practitioners spread throughout its global network, Clifford Chance's Hong Kong office is particularly accomplished at advising on the Asia-specific elements of big-ticket multi-jurisdictional M&A mandates. Following Richard Blewett's relocation to the firm's Brussels office in March 2020, the firm's Greater China offering is now led out of Beijing by Yong Bai , with assistance from Hong Kong by litigation senior associate Helen Wang . Consequently, in spite of Blewett's departure, the firm remains reasonably well-positioned to advise on the antitrust-related input pursuant to big-ticket pan-Asian M&A, which involve significant interaction with the Chinese regulator.

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Key clients

GE

Carrefour

Pfizer

Coca-Cola

China Baowu Steel Group

Permira

Ctrip

SABIC

China National Agrochemical Co., Ltd

State Development and Investment Corporation

Dispute resolution: international arbitration Tier 2

Clifford Chance's 'excellent' team garners praise for providing 'practical advice, and understands the needs of clients inside and out'. The practice has established expertise in handling private equity-related disputes, and is well versed in acting for clients drawn from the finance, technology, and aviation sectors in complex, often cross-border disputes. The 'very bright and personable' Cameron Hassall (who splits his time between Sydney and Hong Kong) leads the team. The 'assertive' Thomas Walsh and senior associate Tania Tse ('a rising star') are also singled out.

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Testimonials

Very pragmatic and commercial, explains complex arguments clearly and concisely‘.

Just excellent – creative, assertive, and outcome-oriented‘.

Cameron Hassall is always well prepared‘.

 

Restructuring and insolvency Tier 2

Led from Hong Kong by Scott Bache and Donna Wacker, and supported by specialists on the ground in key offices throughout Asia Pacific, Clifford Chance's two-partner team is well-positioned to advise creditors and debtors - including funds, banks, IPs, and corporates - across the waterfront of contentious and non-contentious mandates. Bache's non-contentious expertise, runs the gamut from core restructuring mandates for debtors and creditors, as well as advice to funds on rescue financing and special situations investing (his recent mandates have included several high-profile matters within the energy space, including his ongoing work for the liquidators of certain entities in the Pacific Andes Group). Consultant Joanna Charter is also recommended.

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Key clients

FTI Consulting

Hyflux Ltd.

Jindal Steel and Power Limited

Dispute resolution: litigation Tier 3

Clifford Chance's litigation team is led by the 'supportive' and 'confident' Ling Ho. The 'very tactical' group has 'particular specialisation in the regulatory and securities field', and has been kept especially busy with financial litigation. The team continues to represent a major UK financial institution in ongoing proceedings pertaining to its discovery of an internal fraudulent scheme, which had been taking place for over 15 years; the scheme resulted in the misappropriation of approximately $30m from customers' and the bank's accounts. Edward Johnson is a key name for banking disputes and contentious regulatory matters. Brian Gilchrist and Elaine Chen  moved to Gibson Dunn in April 2020.

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Domestic and International Corporate Tax Tier 3

In somewhat of a transitionary phase, following the departure of leading tax and trusts litigators Elaine Chen and Brian Gilchrist to Gibson Dunn in April 2020, Clifford Chance's contentious expertise, is for the time being led by Ling Ho , as part of her broader litigation and IP function. On the non-contentious front, Anthony Fay  handles international tax matters for Asia inbound and outbound investors and is aided in his tax structuring work by the ability to draw from the firm's huge corporate, finance and tax resources throughout its vast international network.

Labour and employment Tier 3

Led by senior consultant and solicitor advocate Anita LamClifford Chance is particularly focused on handling contentious employment matters for an impressive client base that includes many major financial services clients. The scope of litigation is broad, running the gamut from incentives-related disputes and termination cases, through to #MeToo investigations and misuse of confidential information. On the non-contentious front, the team also frequently provides the necessary employment law expertise pursuant to M&A handled by the firm in the region.

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Testimonials

‘Anita Lam provides hands-on senior lawyer involvement.’

Real estate Tier 3

Clifford Chance's department is integrated within the firm's gaming, real estate, and lodging practice, and handles high-profile real estate acquisitions, refinancings, joint venture mandates, and M&A matters, to name a few areas. Matthias Feldmann has expertise in advising on real estate-related fund formation work; he shares leadership of the practice with Dauwood Malik, who is well versed in handling real estate finance matters.  

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Key clients

Chelsfield Group (Asia)

Phoenix Property Investors

Kai Tak Sports Park

Carrefour Nederland

HOPU Investments

CK Asset Holdings

Intellectual property Tier 4

Clifford Chance's Hong Kong-based team excels in advising on complex multi-jurisdictional mandates (including on the IP-related due diligence associated with M&A in the region), by dint of its ability to leverage resources spread across the firm's global network of offices. Team head Ling Ho has an excellent reputation for handling IP and broader tech-related disputes, in addition to IP-based commercial contracts work. Ho has recently handled the IP issues associated with several matters in the fintech space.

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Testimonials

‘We had no idea how we would be able to settle our IP issues in Hong Kong but the team patiently guided us and showed us solutions.’

Asset finance (including aviation and shipping finance)

Led from Hong Kong by the 'focused and thoughtfulPaul Greenwell and supported by asset finance resources in key locations throughout the region, including mainland China, Japan, and Singapore, Clifford Chance provides a 'ruthlessly efficient service' for lessors and banks in Asia specific cross-border aviation finance matters. Greenwell has 'unrivalled experience on PRC and Japanese matters', often incorporating complex leasing and finance structures. Able to draw from the firm's broader corporate, restructuring, funds, and antitrust competences, the team also stands out for its ability to seamlessly resource complex multi-disciplinary mandates, including big-ticket Greater China-related lessor M&A transactions. Other work includes assisting international lessors to establish a presence in Hong Kong and advising lessors in distressed/restructuring scenarios (of particular recent relevance in light of the huge economic impact the Covid pandemic has caused to the airline industry).

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Testimonials

‘The team offers absolutely first in class service, and connects seamlessly with the broader Clifford Chance network.’

‘The go-to aviation team in Hong Kong, has unrivalled experience on PRC and Japanese matters.’

‘The whole team is ruthlessly efficient and really drives deals.’

‘Paul Greenwell is focused, thoughtful, dedicated and hands-on.’

‘Paul Greenwell and Jeffrey Ip have great attention to details and are very responsive.’

‘Hetty Lam is a rising star.’

‘Joe Osgerby-Lacey has decades of rich experience in aviation, financing and banking.’

Key clients

Air Lease Corporation

Avolon Aerospace Leasing Limited

BOC Aviation

Bank of Communications Financial Leasing Co., Ltd.

CCB Financial Leasing Corporation

CDB Aviation Lease Finance DAC / China Development Bank Financial Leasing Co., Ltd.

Chow Tai Fook Enterprise Limited and NWS Holdings Limited

Clover Aviation Capital Company Limited

CMB Financial Leasing Co., Ltd.

Commonwealth Bank of Australia

Dubai Aerospace Enterprise

Jackson Square Aviation

GE Capital Aviation Services Limited

Goshawk

Macquarie

Merx

SMBC Aviation Capital Limited

Asia Pacific: Regional International Arbitration > Leading firms Tier 1

Clifford Chance 'has a very strong international arbitration practice in Asia and worldwide' and benefits from sector specialisms in arbitration-heavy industries. In Hong Kong, Thomas Walsh and practice head Cameron Hassall (splits his time between Hong Kong and Sidney) are particularly active in commercial disputes in the private equity-related, construction, energy and aviation sectors. Elsewhere in Australia, Perth-based oil and gas and mining sector expert Sam Luttrell is noted for claims against foreign governments under investment treaties. In Singapore — where it benefits from a Foreign Law Alliance with Cavanaugh Law — the practice, which includes Paul Sandosham, Nish Shetty and Kabir Singh and was bolstered with the addition of Paul Tan from Rajah & Tann Singapore LLP who has experience in international arbitration and domestic arbitration-related litigation.

China > Restructuring and insolvency: foreign firms Tier 2

Clifford Chance's two-partner Hong Kong-based team is well-positioned to advise a balanced array of creditors and debtors, including funds, banks, IPs and corporates, across the gamut of contentious and non-contentious mandates, frequently involving a significant China nexus. Scott Bache heads up the firm's overarching Asia Pacific restructuring group and is regularly at the forefront of the firm's most significant discrete China-related distressed mandates, as well as in scenarios requiring a co-ordinated approach among other practitioners spread across key Asian jurisdictions, including Singapore and India. Although the team is sector agnostic, it has been particularly active advising stakeholders in the energy and resources space. Donna Wacker is the principal contact on the contentious insolvency front.

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Key clients

FTI Consulting

Hyflux Ltd.

Jindal Steel and Power Limited

South Korea > Capital markets: foreign firms Tier 3

Richard Lee leads Clifford Chance's capital markets team from the Hong Kong office. He acts for Korean and international issuers on a wide range of securities offerings, including listings, investment grade and high-yield debt offerings. The firm is able to provide advice on both UK and US securities law, as well as assisting with other currency-denominated notes in collaboration with its numerous pan-Asian offices. Recent highlights included advising the dealers on Hanwha Group's first green bond issuance.

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Key clients

Hanwha Energy Corporation

Hyundai Capital Services Inc.

Bank of America Merrill Lynch International Limited

The Hongkong and Shanghai Banking Corporation Limited

Credit Agricole

JP Morgan Securities (Far East) Limited, Seoul

Standard Chartered Bank

Korea Water Resources Corporation

Citigroup Global Markets Asia Limited

Korea Development Bank

South Korea > International arbitration Tier 3

Clifford Chance's global litigation and dispute resolution practice is highly active in matters with a nexus to Korea. According to a client, Hong Kong-based practitioner Thomas Walsh 'knows Korea very well and has earned the trust of his clients there'. Also based in Hong Kong is Ling Ho , who heads up the Asia Pacific intellectual property group and is highly active in a number of complex IP and technology-related disputes. Elsewhere, Paul Sandosham in Singapore is the key name to note for oil and gas disputes, as is London-based partner Alex Panayides. Construction disputes in the Middle East are the focus of James Abbott. Paris-based practitioner Jason Fry QC is the global co-head of the firm's international arbitration group.

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Testimonials

Simply one of the best all-around arbitration practices out there.

Thomas Walsh is very thorough and leaves no stone unturned – he knows Korea very well and has earned the trust of his clients there.

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