Energy-focused U.S. law firm Baker Botts no longer has a presence in Asia, after it closed its physical office in Hong Kong. The firm’s last resident partner, Russell Wilkinson, has joined DLA Piper.
Eversheds Sutherland has strengthened its IPO practice in Hong Kong with the hire of Roger Zhou as a partner in Hong Kong from Morgan Lewis & Bockius.
Herbert Smith Freehills (HSF) has welcomed back litigator Rachael Shek as a partner in Hong Kong from Clyde & Co.
Skadden, Arps, Slate, Meagher & Flom and Zhong Lun Law Firm have advised Chinese music platorm Cloud Village on its $421 million initial public offering on the Hong Kong Stock Exchange, with JunHe counselling the joint sponsors and underwriters.
Hong Kong law firm Swartz, Binnersley & Associates has closed down after about three years of operation, with its two founders, Kristi Swartz and Nigel Binnersley, moving to DLA Piper and Hauzen respectively.
Hong Kong has faced its share of challenges in the past year or two: Fallout from the trade war, political unrest, the COVID-19 pandemic and more. Leaders of law firms, though, believe that the adversity has only strengthened in the city’s position, and with further integration with the mainland happening via the Greater Bay Area (GBA) and other initiatives, Hong Kong will remain a regional hub for years to come.
JunHe and Linklaters have advised China’s Yue Xiu Enterprises on the $656 million privatisation of Hong Kong-listed Chong Hing Bank, which was advised by Baker McKenzie.
Latham & Watkins is advising Charoen Pokphand Foods (CP Foods) on the proposed privatisation of its Hong Kong-listed arm, CP Pokphand (CPP), with Ashurst advising a shareholder, Japan’s Itochu.