Dechert > Hong Kong, Hong Kong > Firm Profile

Dechert
31/F Jardine House
One Connaught Place, Central
CENTRAL HONG KONG
Hong Kong

Hong Kong > Investment funds Tier 2

Led by Michael Wong, Dechert provides ‘professional and pragmatic advice’ to hedge, private equity and registered funds.  The team has been particularly successful in gaining significant market share for China-based hedge fund managers, which are appreciative of its ability to provide Hong Kong, US and European regulatory advice – of particular importance for managers offering their funds in Europe and the US. Clients also benefit from the office’s ability to leverage the expertise of practitioners spread across the firm’s international network on cross-border mandates.

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Testimonials

The team provides professional and pragmatic advice.’

Key clients

Greenwoods Asset Management

China Everbright Asset Management

UG Investment Advisors

Brilliance Capital Management

Triada

Apeiron Capital Limited

Infini Capital Management Limited

Ping An Asset Management Co., Ltd.

PV Capital (HK) Limited

TradeMaster Securities (Hong Kong) Limited

Ping An Insurance

China Everbright Limited

China Resources Capital Management

SK Inc.

Mirae Asset Securities (HK) Limited

Empyrean Management/JIC Capital Management

ABC International (Agricultural Bank of China)

China Taiping Life Insurance

APlus Partners Group

Synergy Investment Management

Lu International (Singapore)

Hauck & Aufhäuser Fund Services S.A

Ping An of China Asset Management (Hong Kong) Co., Ltd

Wells Fargo Asset Management

Manulife Investment Management

UBS Asset Management

Charles Schwab investment Management

Alquity

Oppenheimer

Van Eck

Work highlights

  • Formation and structuring of Greenwoods Focused Opportunities Fund and Greenwoods Focused Opportunities Master Fund.
  • Structuring and formation of Aviation Silk Road USD Fund L.P.
  • Formation of Ping An Global Mezzanine Fund, a private equity fund targeting investments in other credit funds and co-investment opportunities.

Hong Kong > Projects and energy Tier 3

Led by Xiao Yong from Hong Kong and also closely integrated with the firm’s Beijing offering, as well as across other key global offices, Dechert‘s sweet spot lies in its ability to effectively act for Chinese energy companies and investment funds on projects involving multiple jurisdictions. It handles a large number of M&A and joint venture structuring mandates within the energy space, reflective of Yong’s corporate credentials as well his vast underlying industry knowledge, particularly on oil and gas matters.

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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.
  • Advised Norinco International as international and Singapore counsel in a series of transactions and government affairs in connection with the development of a coal mining project in Mongolia.
  • Advised Sinopec International Petroleum Exploration and Production Corporation on its proposed divestment of significant oil assets in Argentina.

Hong Kong > Regulatory Tier 3

Dechert acts for a wide variety of players in the financial sector, such as investment funds, asset managers, financial institutions and banks, insurance companies and regulators. The practice combines regulatory expertise in Hong Kong, EU and US law to advise on issues relating to corporate governance, contractual obligations, tort and market misconduct, among others. Michael Wong  leads the non-contentious team, while Maria Sit serves as co-head of the global white-collar, compliance and investigations group.

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Testimonials

‘US capabilities is a big attraction. Dealing with cross-border issues can be complicated and we need a balanced but practical advisor.’

‘Maria Sit handles cross-border issues very well and had proven to have a good relationship with colleagues in other offices.’

The team led by Maria has a solid business and legal knowledge; they have a thorough understanding and precise analysis of the macro-regulatory environment and specific legal issues‘.

Maria has 20 years of experience in litigation and handling regulatory investigations and enforcement procedures. She is a diligent, calm and efficient litigation lawyer‘.

The financial regulatory team led by Maria has solid business knowledge and is very familiar with the legal and commercial issues faced by clients in the financial industry. She is bilingual, responsive, and able to provide our company with comprehensive legal services with high efficiency and quality. She is our preferred legal counsel‘.

Maria can always grasp the key points of the problem quickly and accurately. She has solid business knowledge and the firm has a very reliable and trustworthy team of lawyers‘.

Key clients

China Ping An Insurance Overseas (Holdings) Limited

Stifel Financial Inc.

Work highlights

    Hong Kong > Corporate (including M&A) 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. 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.

    South Korea > Corporate and M&A: foreign firms Tier 4

    Dechert represents Korean conglomerate clients on complex cross-border M&A and strategic transactions. Counsel Spencer Park and associate Amos Yoo leverage their real estate investment and financing expertise to help clients in multiple jurisdictions. Susan Yoon is also recommended. Former practice head David Cho departed in January 2022.

    Other key lawyers:

    Testimonials

    ‘Very dedicated team. Their team members have been very helpful not only for M&A side works but also in other areas too. They have been very straightforward whenever we ask any complicated assignments.’

    Key clients

    SK holdings Co., Ltd.

    SK hynix Inc.

    SK Materials Co., Ltd.

    SK Global Chemical Co., Ltd.

    SK Siltron Co., Ltd.

    SK Engineering & Construction Co., Ltd.

    SK Telecom Co., Ltd.

    SK Inc.

    Qoo10 Pte. Ltd.

    LINK Asset Management Co., Ltd.

    Alpha Asset Management

    Hana Alternative Asset Management

    KTB Asset Management

    Mirae Asset Securities (Hong Kong) Ltd.

    Naver Corporation

    Hanwha Q CELLS Co., Ltd.

    Oaktree Real Estate (Asia)

    Work highlights

    • Advised SK holdings Co., Ltd. on its $300m investment in Chindata Group Holdings.
    • Advised SK holdings Co., Ltd. on $200m investment in Pharmavant 5, Inc., a holding company that wholly owns an operating subsidiary in the U.S., Oncopia Therapeutics, Inc., which focused on targeted protein decomposition treatments.
    • Advised SK Inc. on its investment in Monolith Materials, Inc., a U.S.-based leader in green hydrogen technologies.

    China > Projects and energy: foreign firms

    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.

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    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.

    Singapore > Corporate and M&A: foreign firms

    Dechert thrives in respect of cross-border mandates, which form approximately 80% of its caseload. The Singaporean practice is closely integrated with the firm's global corporate and M&A team, spread across 11 different countries, and is co-led by Siew Kam Boon , an M&A, venture capital, private equity and venture capital specialist. Meanwhile, Maria Tan Pedersen, Boon's co-head, focuses on joint ventures, projects, financing transactions and capital markets affairs.

    Other key lawyers:

    Testimonials

    We have worked with Siew KamBoon and Timothy Goh for various engagements; they were outstanding in their respective areas of responsibilities. One standout area is their ability to manage projects in a timely manner, while maintaining a high level of quality in their deliverables.’

    ‘Maintain clear and open communication and consultation. They give good ideas and advise to solving problems.’

    ‘Siew Kam Boon is extremely hard working and is a valued thought-partner for us. She is always a pleasure to work with and stands out in her expertise, efficiency, and her humble yet engaging manner.’

    Key clients

    Naver Corporation

    Cerberus Capital Management

    Norinco International

    Mastercard

    GIC

    Manila Water Company, Inc.

    AREIT, Inc.

    The Global Emerging Markets Group

    Work highlights

    • Naver Corporation, led a consortium, in the acquisition of ordinary and preference shares of Carousell Pte. Ltd., Singapore’s homegrown classifieds marketplace.
    • Represented Cerberus Capital Management in the acquisition of approximately 20% indirect ownership or notes convertible into equity of seven MCS companies operating in the telecommunications and consumer goods sectors.
    • Acting for 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.

    China > Corporate and M&A: foreign firms

    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.

    Dechert lawyers in Hong Kong provide results-oriented legal and business solutions to corporations and funds investing in Asia. Clients rely on our deep understanding of both local and global business and regulatory practices to structure and devise solutions that bridge East and West. Whether we are representing the Asian company or the foreign investor, knowledge of both the commercial and legal frameworks that govern transactions in Asia allow us to meet the needs of our clients. This drive for excellence also applies when assisting our Asian clients on outbound transactions.

    Our team of lawyers in Hong Kong speak several Chinese dialects, including Cantonese, Mandarin and Shanghainese, and Asian languages, including Korean and Malay (Bahasa Malaysia). Besides having native fluency in multiple languages, we are fluent in multiple Asian cultures as well, which has allowed us to gain substantial experience advising Asia-based clients, including Chinese and Korean clients, as well as international clients on a broad range of matters.

    DepartmentNameEmailTelephone
    Head of Office David Chodavid.cho@dechert.com+852 3518 4797
    Number of lawyers : Approximately 1000 worldwide
    Cantonese
    Chinese
    English
    French
    German
    Korean
    Japanese
    Mandarin
    Malay (Bahasa Malaysia)
    Shanghainese

    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.