Edwin Luk and David Liao head up the capital markets offering at Morgan, Lewis & Bockius. The team is well-versed in an impressive range of DCM matters, including high-yield and investment-grade debt, Rule 144A transactions, hybrid securities offerings and is particularly well-regarded for its work on ESG bonds. Liao is an expert in US securities law and excels in international debt securities offerings as well as a wide variety of liability management transactions. Luk divides his time between Hong Kong and Beijing. Alongside his capital markets practice he offers advice on a broad range of corporate and business matters, including compliance and debt restructuring.
Legal 500 Editorial commentary
Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
- ‘Morgan Lewis is distinguished by its deep market expertise, proactive client engagement, and exceptional problem-solving skills.'
- 'They have deep understanding of the legal and commercial aspects of debt capital markets and provide insightful and strategic legal advice.'
- 'This team has consistently demonstrated a high level of expertise and precision in managing intricate transactions. Their skills in navigating complex legal landscapes and providing clear, actionable advice is highly commendable.'
'David Liao possesses extensive experience and knowledge in the industry and has a deep understanding of market dynamics and the economics of DCM transactions and could provide advice that is both legally sound and commercially viable.
'David's ability to integrate commercial considerations into his legal analysis significantly enhances the value of his advice.'
‘This Morgan Lewis team has rich experience in DCM space and they are absolutely a high-efficient team. They always provided prompt feedback and professional solutions to unexpected difficulties we encountered in DCM transactions.'
Key clients
- Wuxi Construction and Development Investment Co., Ltd.
- Jinan City Construction Group Limited Company
- Hubei United Development Investment Group Co., Ltd.
- Knowledge City (Guangzhou) Investment Group Co., Ltd.
- Cixi State-owned Assets Investment Holding Co., Ltd.
- Ganzhou Development Investment Holding Group Co., Ltd.
- Pinghu State-owned Assets Holding Group Co., Ltd.
- Chengdu Xingjin Construction Development and Investment Group Co., Ltd.
- Science City (Guangzhou) Investment Group Co., Ltd.
- Qingdao Pingdu Holdings Group Co., Ltd.
- Linyi City Construction Investment Group Co., Ltd.
- Yantai Guofeng Investment Holdings Group Co., Ltd.
Work highlights
Acted as international counsel to the lead managers on the Regulation S offering of CNY2.14 billion sustainable “Yulan” bonds issued by Xihui Haiwai I and guaranteed by Wuxi Construction and Development.
Acted as international counsel to Jinan Urban Construction International Investment Co., Limited and its guarantor, Jinan City Construction Group Limited Company, on a USD506 million Regulation S offering of 5.0% guaranteed sustainable bonds due 2027.
Acted as international counsel to Hubei United Development Investment Group Co., Ltd. on its USD300 million Regulation S offering of 5.1% sustainable bonds due 2028.
Practice head
Edwin Luk; David Liao