Skadden leads on Chinese music platform’s $421 mln HK IPO

BY Aparna Sai |

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.

HSF, STB, WSGR advise on $1 bln investment in Chinese renewables firm

BY Aparna Sai |

Herbert Smith Freehills (HSF), Simpson Thacher & Bartlett, and Wilson Sonsini Goodrich & Rosati have advised various investors on a $1 billion investment in Chinese green energy firm Envision Energy International, which was represented by Fangda Partners.

Evergrande's tortuous restructuring, asset sales in focus after default averted

BY Reuters |

Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers said.

As Evergrande default looms, what legal options do offshore creditors have?

BY Reuters |

With China Evergrande Group's default deadline drawing closer, offshore bond investors in the property developer are pondering their legal options to safeguard their investments.

Mayer Brown drops work on Hong Kong statue removal after criticism

BY Reuters |

​​​​​​​Mayer Brown said on Friday it had withdrawn from helping a Hong Kong university remove a statue honouring slain Tiananmen Square protesters after the firm's role sparked condemnation from human rights groups and U.S. politicians.

Evergrande seeks to reassure retail investors as key debt deadline looms

BY Reuters |

China Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.

Didi Crackdown Seen as Warning Shot From China’s Regulators

BY Elizabeth Beattie |

As a ride-hailing company, Didi continues to face scrutiny from the Cyberspace Administration of China, amid reported national security concerns, the industry watchers interpret it as a warning to tech companies with overseas listing ambitions.

Host of firms act on biopharma firm’s $537 mln HK secondary listing

BY Aparna Sai |

Freshfields Bruckhaus Deringer, Gibson, Dunn & Crutcher, King & Wood Mallesons and DLA Piper have advised Chinese biopharma company Hutchmed on its HK$4.17 billion ($537 million) secondary listing in Hong Kong.

Links, Freshies lead on China Duty Free’s planned $7 bln HK secondary listing

BY Kristen Liu 刘诗宇 |

Linklaters and Haiwen & Partners are advising China Tourism Group Duty Free Corporation  on its planned secondary listing in Hong Kong, with Freshfields Bruckhaus Deringer and Jia Yuan Law Offices advising the joint underwriters.

S&C, Freshies lead on Chinese EV maker’s planned HK dual primary listing

BY Kristen Liu 刘诗宇 |

Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.

Neighbourly Ties

BY Elizabeth Beattie |

As two of the world’s three largest economies, Japan and China have had strong trade and investment links for decades now.

Recruitment Rebound Shows Law Firm Hiring in Greater China Back on Track

BY Asian Legal Business |

It’s official: Law firm hiring has well and truly recovered from the pandemic. Lateral moves across Asia’s legal markets in the first quarter of this year have already surpassed the number from the entirety of 2020. In mainland China alone, ALB recorded more than 40 lateral hires in the first two months of 2021.