Beijing-headquartered firm Jingtian & Gongcheng has hired Jimmy Chan (Chen Guohao) as a partner in Hong Kong from Magic Circle firm Clifford Chance.
Skadden, Arps, Slate, Meagher & Flom and Commerce & Finance Law Offices have advised Chinese fintech firm Bairong on its $507 million IPO on the Hong Kong Stock Exchange, with Davis Polk & Wardwell and Tian Yuan Law Firm assisting the joint sponsors and underwriters.
Chinese online video site Bilibili is set to raise HK$20.2 billion ($2.60 billion) by pricing shares in its Hong Kong secondary listing at HK$808 each, said three people with direct knowledge of the matter.
Chinese companies targeted by a sweeping investment ban imposed by former President Donald Trump are considering suing the U.S.
Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices have advised China’s Autohome on its $685 million Hong Kong Stock Exchange (HKEx) secondary listing, with Simpson Thacher & Bartlett and Commerce & Finance Law Offices counselling the joint sponsors and underwriters.
Japanese law firm Anderson Mori & Tomotsune (AMT) has added four senior foreign counsel to its partnership, shortly after the launch of its foreign joint law enterprise.
The successive defaults of large companies such as Boashang Bank, Yongmei Group, Huachen Automotive and Tsinghua Unigroup recently sent shockwaves across the market. Restructuring lawyers discuss the defaults, how they feel the Chinese government will ensure orderly bankruptcy proceedings in the future, and how they are preparing for more cases in the coming year.
In November last year, China’s Supreme People’s Court and the Hong Kong Government signed the Supplemental Arrangement Concerning the Mutual Enforcement of Arbitral Awards between the Mainland and Hong Kong SAR. The agreement is widely expected to enhance the enforcement process and serve as an expansion of the 2000 Arrangement Concerning Mutual Enforcement of Arbitral Awards between the Mainland and the HKSAR.
The U.S.-China trade war, the U.S. elections, and of course COVID-19. Last year saw unprecedented challenges for the investment fund industry in the Asia-Pacific region. But as funds adapted through innovation and technology, they expected their lawyers to do so as well, and offshore firms certainly stepped up to meet the challenges brought by a very unique year.
Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices have advised Chinese health-tech company Yidu Tech on its HK$4.1 billion ($531 million) initial public offering on the Hong Kong Stock Exchange, with Slaughter and May and Haiwen & Partners representing the joint sponsors and underwriters.
Hiswara Bunjamin & Tandjung, Herbert Smith Freehills’ Indonesian associate firm, has advised Indonesian power company PT Dian Swastatika Sentosa (DSS) on the $394 million sale of a 75 percent stake in three thermal power plants to China Datan, a Chinese state-owned energy conglomerate.