Dechert LLP > Beijing, China > Firm Profile

Dechert LLP
24/F NORTH TOWER, BEIJING KERRY CENTRE
1 GUANGHUA ROAD, CHAOYANG DISTRICT
BEIJING 100020
100020
China

China > Projects and energy: foreign firms Tier 3

Led from Hong Kong by Xiao Yong and regularly aided by practitioners on the ground in Beijing, as well as across the firm’s wider international network, Dechert LLP  advises Chinese SOEs, funds and international companies on a range of multijurisdictional energy mandates. Corporate partner Yong has a particularly strong reputation advising on oil and gas-related matters, including a significant amount of work for state-owned Chinese company Sinopec. Drawing upon considerable experience gained in private practice, as well as in his former role at the Department of Foreign Investment Administration at the Ministry of Commerce, Beijing-based counsel Zhaohui Li has excellent credentials advising Chinese SOEs on their outbound energy and natural resources transactions.

Practice head(s):

Other key lawyers:

Testimonials

Xiao Yong and Zhaohui Li provide a first-class service.’

Key clients

China Petroleum & Chemical Corporation (Sinopec)

Sinopec International Petroleum Exploration and Production Corporation (SIPC)

Norinco International

CNODC

Lone Star Fund

Work highlights

  • Advised Sinopec on the $11bn  development of a joint venture gas chemical complex in the Amur region of Russia, projected to be the world’s largest basic polymer production facility.
  • Advised Norinco International as international and Singapore counsel in a bundle of transactions and government affairs in connection with the development of a coal mining project in Mongolia.
  • Advised SIPC on its proposed divestment of significant oil assets in Argentina.

China > Corporate and M&A: foreign firms Tier 5

Dechert runs a caseload with a strong multi-jurisdictional element, often acting on M&A and corporate transactions which involve assets in Europe, Africa, North America, South America and the wider Asia Pacific region. An equal degree of emphasis is also directed to the local market with the department regularly supporting Hong Kong-listed companies on mandates such as public takeovers, mergers, acquisitions, bond subscriptions and the full array of commercial affairs. Yang Wang, recently appointed as managing partner of the Beijing office, provides distinguished know-how in the initial public offering of Chinese companies on the Hong Kong Stock Exchange.

Practice head(s):

Stephen Chan; Yang Wang

Testimonials

‘Dechert’s team led by Yang Wang is very commercial and practical. They help get deals closed – which is very important. Some lawyers fight beyond the clients’ needs and destroy the trust between business people. Dechert is professional, practical and communicates efficiently, which are the key for deals to happen.’

‘Yang Wang is the person we work with. He is very professional, smart, has a very strong commercial sense and he is very quick in understanding commercial issues and fast in taking actions.’

Key clients

China Financial Services Holdings Limited

Chiho Environmental Group Limited

JT China Wealth Management Limited

New Century Asset Management Limited

Sinopec

Talent Property Group Limited

Yuexiu Property Company Limited

Zhejiang New Century Hotel Management Co., Ltd.

Work highlights

  • Advised SK holdings Co., Ltd. in its US$300m investment in Chindata Group Holdings Limited, a data center operator in China.
  • Advised Sinopec on its joint venture development with SIBUR of the Amur Petrochemical Project, projected to be the world’s largest basic polymer production facility.
  • Advised New Century Asset Management Limited on the privatisation of the first China-based hotel REIT in the world.

Hong Kong > Corporate (including M&A)

Dechert runs a caseload with a strong multi-jurisdictional element, often acting on M&A and corporate transactions which involve assets in Europe, Africa, North America, South America and the wider Asia Pacific region. The team is also equally active in the local market with the department regularly supporting Hong Kong-listed companies on mandates such as public takeovers, mergers, acquisitions, bond subscriptions and the full array of commercial affairs. Stephen Chan is vastly experienced in Hong Kong-based global offering and public takeovers while Yang Wang, recently appointed as managing partner of the Beijing office, provides distinguished know-how in the IPO of Chinese companies on the Hong Kong Stock Exchange. David Cho departed in January 2022.

Practice head(s):

Key clients

China Financial Services Holdings Limited

Chiho Environmental Group Limited

JT China Wealth Management Limited

New Century Asset Management Limited

Sinopec

Talent Property Group Limited

Yuexiu Property Company Limited

Zhejiang New Century Hotel Management Co., Ltd.

Work highlights

  • Advised New Century Asset Management Limited on the privatisation of the first China-based hotel REIT in the world.
  • Advised Hong Kong-listed New Century hotel on its privatisation by way of a voluntary general offer.
  • Advised SK holdings Co., Ltd. On its US$300m investment in Chindata Group Holdings Limited, a data centre operator in China.

Dechert lawyers in Beijing help global corporations, financial institutions and private investors to meet their legal and regulatory needs when doing business in China.

Our team includes some of the most eminent legal figures in the Chinese market, who facilitate clients’ expansion by maintaining a network of relationships with key members of the Chinese central regulatory authorities.

Chinese corporations, too, regularly seek our counsel when seeking to establish or expand their global footprint outside the country.

Qualified in multiple jurisdictions and fluent in several languages, we provide commercially minded solutions that bridge the business cultures of East and West.

DepartmentNameEmailTelephone
Managing Partner, Beijing Office Yang Wangyang.wang@dechert.com+852 3518 4732 / +8610 5829 1332
PhotoNamePositionProfile
Zhaohui Li photoMr Zhaohui LiCounsel
Yang Wang photoMr Yang WangPartner
Number of lawyers : Approximately 1000 worldwide
Cantonese
English
French
Mandarin

CLIENT:
COMPANY/FIRM: Citigroup
TESTIMONIAL: “Dechert consistently provides differentiating legal advice, particularly on large, complex transactions.”


CLIENT:
COMPANY/FIRM: Sun Capital
TESTIMONIAL: “The firm did a great job throughout the entire process. They have been proactive and delivered quality advice. As always, a pleasure working with such a great team.”


CLIENT:
COMPANY/FIRM: Credit Suisse
TESTIMONIAL: “We continually have the highest degree of confidence in the work product and coverage of the Dechert team, and they are always a pleasure to work with.”


CLIENT:
COMPANY/FIRM: Saint-Gobain
TESTIMONIAL: “Saint-Gobain frequently turns to Dechert to defend the company in its most consequential, high-stakes litigation in the United States. Their sophistication, depth of experience, and legal creativity – especially in the area of complex mass tort litigation, is simply unrivalled. When the case is unprecedented and alleged to be perilous, there is no better partner to have in the trenches than Dechert.”


Dechert has a multinational identity that is fundamentally diverse. The firm’s commitments to diversity and inclusion are not simply words written on a website – they are guiding principles that all those at Dechert should live by every day. The numbers speak for themselves – 43% of our Policy Committee (the senior management team) are women or diverse partners, 62% of the lawyers promoted to partner in January 2021 are women or diverse, and 77% of the most recent incoming class – Dechert’s future – are women or diverse.

The following are just some of the key measures that Dechert has undertaken to improve diversity and inclusion at the firm.

Affinity Groups

To effect change, affinity groups identify and address diversity and inclusion-related issues, and create new and recurring programming focused on the attainment of professional and business development skills. They offer enhanced mentoring opportunities, retreats and educational workshop for diverse attorneys. Our affinity groups include:

  • Asian Affinity Group
  • Black Lawyers Alliance
  • Dechert’s Family Network
  • Global Women’s Initiative
  • Latino Affinity Group
  • LGBTQ Affinity Group
  • Dechert Heroes (Veterans Affinity Group)

Aspiring Solicitors

Dechert is an Affiliate Partner of Aspiring Solicitors (AS). 2020/2021 marks the fifth successful year of Dechert’s sponsorship of the organization’s national Commercial Awareness Competition, with the winners offered a vacation scheme and opportunity to interview for a training contract at Dechert.

Diversity and Inclusion Week

As part of the firm’s inaugural Diversity and Inclusion Week (July 20-24, 2020), Dechert hosted journalist and filmmaker Afua Hirsch for a provocative conversation about race, identity and belonging, as well as how what we learn (or don’t learn) about our history has an impact on racism and inequality today.

The firm also held fast-paced virtual quizzes focused on diversity, inclusion and world culture, with a charitable donation made to the winning teams’ chosen charities focused on social justice.

Diversity Champions

Recognizing the individuals who serve as role models for the inclusive, open culture we value, Dechert offers the Diversity Champions award. In 2020, our people submitted 100 nominations. Four Diversity Champions were recognized at our annual all-hands event, with honorees each awarded a bonus.

Global Women’s Initiative

Members of Dechert’s Global Women’s Initiative (GWI) meet regularly with firm leadership to identify and implement initiatives that promote opportunities for women to advance and lead throughout the firm. Individual offices provide additional formal and informal support for women lawyers.

GWI initiatives include formal and informal mentoring, development training, meetings and events for summer associates, internal and external networking, special interest events, and leadership training. The GWI launched the Sponsorship and Sustained Support (SASS) program for senior women associates to help navigate the path to partnership.

Inclusive Leadership

Commitment to diversity and inclusion stems from the top. Our partners have been participating in quarterly, interactive sessions on inclusive leadership since 2018. Topics include affinity bias, attribution bias, covering, in and out groups, priming, unconscious bias, and inclusive leadership in times of crisis. Interactive sessions include dramatizations that prompt conversations long after the programming ends.

This program continues today, with the February 2021 session focused on actionable allyship. Inclusive leadership training has also been expanded to associates and business service professionals.