With a particularly strong presence in the Philippines ECM market, Milbank leverages expertise in a range of transactions, including IPOs as well as hybrid and perpetual bonds. James Grandolfo acts for both issuers and underwriters across Asia from Vietnam and Thailand to Turkey and India. As well as his US and Hong Kong law expertise, Paul Pery is Philippines-qualified and is a key contact for companies seeking to list there. Ari Singzon and York Wu are other names to note
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Strong legal practice grounded on global best practices, and combined with a robust understanding of the Philippine context. ’
  • ‘Paul Pery brings deep understanding of commercial objectives in negotiations, while Ari Singzon covers due diligence conscientiously and comprehensively. ’

  • ‘ However, more than its legal acumen, what distinguishes Milbank is its very good relations not only with the leading local law firms, but more importantly, with both the Philippine Stock Exchange (PSE) and the Philippine Securities and Exchange Commission (SEC). This has proven to be a significant advantage as these connections have facilitated smoother regulatory engagements and accelerated approvals.’

  • ‘Jim Grandolfo's well-established relations with the PSE and SEC has facilitated access to and engagement with the senior officials of these regulatory agencies. As a recognized expert in capital markets, his views are respected and carry significant weight.’

  • 'What makes Milbank’s practice unique is that it has extensive knowledge and experience in both Philippine and U.S. securities laws and regulations and has developed strong relationships with local law firms and other local capital market practitioners.'
  • 'Compared to other foreign law firms, Milbank has been practicing in the Philippines for quite some time now and is well-known and respected in the local business community.'

Key clients

  • BofA Securities
  • UBS AG
  • Morgan Stanley
  • Deutsche Bank
  • China Bank Capital
  • HSBC
  • BPI Capital
  • CLSA
  • Credit Suisse
  • BDO Capital
  • Bank of America Merrill Lynch
  • Nomura Singapore Limited

Work highlights

Representing Hotel101 Global Pte. Ltd. with respect to its business combination with JVSPAC Acquisition Corp.
Acted for UBS as lead underwriter in connection with the Rule 144A/Reg S IPO of Citicore Renewable Energy Corporation.
Represented BDO Capital Corporation and CLSA Limited as underwriters with respect to the initial public offering of Oceanagold (Philippines), Inc.

Practice head

James Grandolfo

Other key lawyers

Paul Pery; Ari Singzon; York Wu