Due to the number of tables in this section, the editorial
is in alphabetical order
by firm name.
Capital Markets (International Firms) - China
Sources remark on Andrew Harrow's extensive experience in the Hong Kong securities space. He is also heavily involved in the firm's India practice, and was lead partner advising joint bookrunners Citibank, JPMorgan and Axis Capital on Axis Bank's INR47.26 billion qualified institutional placement (QIP), which was the largest-ever such deal out of India at the time of its completion.
Walter Son "gives very sound, commercially-driven advice," say sources. In addition to his work in the Hong Kong and Greater China markets, he also takes the lead on a number of Mongolian and South Korean matters. He advised Barclays Capital Services on its role as underwriter to Korea Development Bank's CNY1 billion issuance of 3.3% notes under its MTN programme. He also advised the underwriters on Mongolia's USD1.5 billion sovereign bond issue.
Bernardine Lam advised Carlyle Group on the place-down of its interest in China Pacific Insurance via a series of block trades, with a total value of more than USD5 billion. She is described by sources as "sound in her approach."
Korean expert John Lee was promoted to partner May 2013. Clients highlight that he is "very responsive." He acted for Doosan Infracore on its issue of USD500 million senior capital securities. This transaction was the first Korean cross-border corporate hybrid securities offering.
Amit Singh is a US-qualified consultant with a particular focus upon Indian capital markets transactions. He is highly praised by clients, one of whom noted: "He has been quite impressive. Very responsive, quick to turn things around and quite proactive in his suggestions." He was recently part of the team that advised the State Bank of India on its USD1.25 billion bond offering.
Foreign Desks The team has particular expertise in India-related debt transactions. In a recent example, it advised State Bank of India on its issuance of USD1.25 billion bonds due 2017. Key contacts for the India desk are James Grandolfo and Andrew Harrow.
The office's dedicated South Korea desk has operated for close to 20 years, and is highly experienced in advising Korean corporates and financial institutions on a range of capital markets matters, including Hong Kong IPOs. Walter Son and John Lee are the key contacts.
Sources report that Lina Lee is "very good with clients, as well as keeping on top of her deals." She leads the Greater China ECM practice. Recent mandates include advising Greentown China Holdings on a USD658 million placement of shares and perpetual subordinated convertible securities.
Chris Whiteley is an expert in OTC derivatives, and structured finance generally. Sources highlight his technical ability and responsiveness. He previously enjoyed a strong reputation in London, and commentators report that he is now "a growing presence" in the Hong Kong market.
Stuart Rubin receives particular praise for his India-related capital markets work, where he regularly acts on deals arising from the energy and natural resources sector. He recently advised Citi on a USD940 million block trade of Cairn India shares by Cairn UK Holdings. Clients value his ability to combine practical and commercial advice with complex legal analysis.
Peter Kwon is a well-respected securitisation expert who is noted for his frequent representation of Korean originators. His client list includes Korea Housing Finance Corporation and Hyundai Card.
Elsa Chan is praised by commentators for her responsiveness, approachability and commerciality. She leads the firm's securities group in Hong Kong, and recently advised PRC-based Zhengzhou Coal Mining Machinery on its HKD2.3 billion Hong Kong IPO and global offering.
Sources highlight Clayton Johnson's extensive experience in this space. Recent highlights include advising Citigroup Global Markets on an offering by CNOOC, intended as a guarantee for the existing debt of its recent acquisition, Nexen. He splits his time between the firm's Hong Kong and Beijing offices.
Freeman Chan was recommended by one leading peer for "his standing in the market, the substance of his advice and his activity." He speaks Mandarin and Cantonese, and has valuable experience advising on IPOs in Greater China and the USA.
Jinduk Han specialises in representing Korean clients on international issuances. Recent highlights include advising Korea Development Bank on a dual tranche notes offering with a total principal amount of USD1 billion.
US-educated Sung Kwan Kang is a fluent Korean speaker with extensive experience relating to corporate and finance transactions arising from that jurisdiction. Admitted in New York, he was based in the firm's New York office between 2000 and 2005.
Yong Guk Lee is the firm's key partner in Seoul. He was formerly based in Hong Kong, where he built up a considerable practice advising on international issuances by Korean corporates. Lee is a native Korean speaker who is fluent in English and also has conversational proficiency in French.
Foreign Desks The Hong Kong office is home to a well-established Korea practice. In the capital markets space, its lawyers offer considerable experience in representing Korean issuers, and have recently undertaken a number of high-value debt offerings. Jinduk Han and Sung Kwan Kang are key contacts.
The firm also leads its Malaysian corporate and finance work out of Hong Kong. It is best known for its capital markets work, and recently acted for Felda Global Ventures Holdings on its IPO, valued at MYR9.9 billion. Partner Sung Kwan Kang and counsel Robert Williams are leading members of the Malaysia team.
The Hong Kong office continues to field significant India experience despite the retirement of noted partner David Hirsch. Co-ordinating with personnel in New York, the team recently advised the underwriters on Warburg Pincus's secondary offering of American Depositary Shares in Mumbai-headquartered BPO provider WNS (Holdings). Sung Kwan Kang and Jonathan Wallenberger are the key contacts.
Connie Heng continues to impress market sources with her repertoire of services, particularly in debt capital markets (DCM) matters. Clients also appreciate her "responsive, commercial and very practical" approach. She acted for the joint lead managers (BOC International, Deutsche Bank and JPMorgan) on Hainan Airlines's USD500 million credit-enhanced notes issuance.
Commentators praise Amy Lo's work in the equity capital markets space, and clients state that they have "a huge amount of respect for her." She receives particular praise for her advice on Hong Kong IPOs.
Matt Fairclough recently advised joint lead managers BNP Paribas, HSBC and Standard Chartered Bank in connection with Ageas Capital's USD250 million 4.125% guaranteed notes issue. Clients comment on his hands-on, pragmatic approach.
A core part of Tim Wang's practice involves advising PRC enterprises on their Hong Kong listings and international equity transactions. In a notable exception, he acted for Inner Mongolia Yitai Coal Company on its USD1.2 million H-share IPO, underwritten by an international syndicate including BNP Paribas Capital and Macquarie Capital Securities. Clients consider him to be "very commercial and dynamic."
Virginia Lee recently represented the underwriters on Zhengzhou Coal Mining Machinery Group's USD296 million IPO.
Jean Thio is based in the firm's Shanghai office. She acted for China Longyuan Power Group and its subsidiary Hero Asia Investment in connection with Hero Asia Investment's USD400 million issuance of perpetual senior securities.
Richard Lee has a strong reputation for handling capital markets offerings by South Korean issuers. He also has considerable regulatory insight as a result of his time working at the US Securities and Exchange Commission.
Hyun Suk Kim is now based in the firm's recently opened Seoul office, having previously practised from Hong Kong for many years. He enjoys a good reputation in the Korean market, and recently advised Morgan Stanley as placement agent in SK Telecom's USD400 million block trade of POSCO shares.
Foreign Desks The Hong Kong office's South Korea desk offers additional support to its newly-opened Seoul branch. The Hong Kong team features several Korean-speaking lawyers and is highly experienced in representing both underwriters and issuers on the Hong Kong offerings by Korean companies. Richard Lee is the main contact for capital markets.
Volker Potthoff is based in Frankfurt and is a key figure in the firm's China capital markets team. He continues to be praised for his connections to the market, and offers particular strength advising Chinese issuers on their Frankfurt Stock Exchange IPOs. In addition to German, he also speaks English and French.
Andreas Zanner is also well versed in Chinese IPOs on the Frankfurt Stock Exchange. Clients praise his technical knowledge and pragmatic approach.
Foreign Desks Members of the firm in Germany work with colleagues in Shanghai and Beijing on China-related capital markets transactions. The team has particular experience in equity matters, and has advised several Chinese clients on IPOs on the Frankfurt Stock Exchange. Volker Potthoff is a key contact.
Sources observe that William Barron is "extremely experienced in high-yield matters" and also state that he "brings huge gravitas" to any transaction. He is an authority on both debt and equity matters, and is highly regarded for his work in Indonesia and the Philippines. His Indonesia work includes acting for the initial purchasers on Indika Energy's USD500 million high-yield issuance of 6.375% notes due 2023.
Sources emphasise that Bonnie Chan is "exceptionally active" in the equity space. She was joint-lead partner advising China Nonferrous Mining Corporation on the Hong Kong and US law aspects of its HKD1.91 billion IPO.
Antony Dapiran has a "good reputation" among market sources, particularly in equity capital markets. He acted for the People's Insurance Company of China on its HKD24 billion Hong Kong IPO.
Eugene Gregor's deal portfolio extends into the Philippines, Japan and South Korea. He was previously based in the firm's Tokyo office and maintains a good reputation in that market. In Korea, his highlights include advising the underwriters on a USD750 million debt offering by Korea Development Bank. Clients say: "He is always impressive; his in-depth knowledge of capital markets cannot be questioned."
James Lin advised the joint global co-ordinators and initial purchasers on a recent USD3.5 billion senior notes offering by Sinopec Capital under Rule 144A/Regulation S. Market sources have "great respect" for his work, the remit of which includes both equity and debt.
Paul Chow has a strong track record in equity transactions. For example, he represented the placing agents, Morgan Stanley and BNP Paribas, in a USD154 million top-up placement of 200 million shares in NagaCorp.
Kirtee Kapoor specialises in India-related work. A client credited him with the "uncanny ability to distil complex legal issues in simple terms," adding that "he combines mastery of the law with a deep understanding and appreciation of commercial issues."
Counsel Gerhard Radtke is hailed by sources as "a really solid guy who is knowledgeable on high-yield debt." Alongside William Barron, he acted for the joint lead managers of Shui On Development's USD400 million Regulation S offering.
Foreign Desks Eugene Gregor heads the firm's South Korea practice from the Hong Kong office. This team co-ordinates with the Tokyo office to act on a number of Korea-related offerings. Notable recent highlights include advising the underwriters on a USD500 million offering of 1.75% notes by Export-Import Bank of Korea. Sources value the team for its speed in completing complex capital markets matters.
Lawyers based in Hong Kong are a key part of the firm's India desk. The team regularly advises investment banks on high-yield bond offerings and other complex and high-value transactions, and its key clients include Barclays, Deutsche Bank, Citi, DBS Bank and ICICI. Kirtee Kapoor is the main contact.
Ronny Chow is described by market commentators as "one of the leading figures in the firm's ECM practice," and as a lawyer who is "very thorough and hands-on." He has led a number of the team's most significant recent mandates, including advising Dynam Japan Holdings, a leading pachinko manufacturer, on its USD202 million Hong Kong IPO. This was the first time a Japanese company achieved a primary listing in Hong Kong.
Sabrina Fung's standout deals include advising the sponsor and underwriters on the Hong Kong listing of Oi Wah Pawnshop Credit Holdings, a transaction valued at USD12.6 million.
Clients identify Stephen Peepels as a "good and effective communicator." He recently advised Sinopharm on its second H-share listing following its 2009 IPO. The new deal was valued at HKD4 billion. He is credited by sources as a "driving force in getting DLA where it is today in the Indian market."
Beijing-based Liu Wei advised the issuer Beijing Tong Ren Tang Chinese Medicine in relation to its HKD608 million IPO on the Hong Kong Stock Exchange.
Jeffrey Mak was one of the lawyers advising China Southern Airlines on its A-share placement to its controlling shareholder, with the aim of raising up to CNY2 billion.
Koji Ishikawa is based in Tokyo. He is qualified in China, speaks Mandarin and has studied at Peking University Law School. Clients praise his "understanding of securities law and capital markets-related issues."
Based in Rome, senior counsel Betty Louie has substantial experience in capital markets transactions, particularly in advising Chinese entities on their activities in Italy and the rest of Europe.
Foreign Desks The India desk is headed by Stephen Peepels. The team collaborates frequently with colleagues in Singapore and possesses expertise across both debt and equity capital markets transactions. The team recently advised the underwriters on the IPO of leading Indian jewellery company PC Jeweller.
Teresa Ko leads the practice and is consistently described as "a significant force in the market" by commentators. Clients observe that "she will give you commercial and to-the-point advice," while one went as far as to term her "a queen dealmaker." She acted for Goldman Sachs, the global co-ordinator, bookrunner and placing agent, on a recent USD3.1 billion follow-on offer by Sinopec.
Grace Huang continues to make her mark on the equity capital markets. She wins praise from clients who consider her to be "the complete package." She recently advised China Pacific Insurance on a high-value private placement of H-shares.
Ken Martin is prized by clients who note that he is "a very commercial, affable guy with a good perspective." He represented the underwriters (including Credit Suisse and Merrill Lynch) on the USD902 million IPO of Inner Mongolia Yitai Coal.
Andrew Heathcote focuses on debt capital markets, an area in which he is said to "know his way around the issues." He was the lead partner advising Hutchison Whampoa on the EUR2 billion bond issuance by Hutchison Whampoa Europe Finance.
New York-admitted Calvin Lai recently advised Esprit Holdings on elements of its recent USD644.5 million rights issue. He speaks both Mandarin and Cantonese.
William Woo joined the team in February 2013 from Orrick. He concentrates on equity matters, particularly IPOs in the mining sector, and is fluent in English, Cantonese and Mandarin.
The team is best known for its Hong Kong equity capital markets mandates. It counts Barclays Capital, China Construction Bank and Morgan Stanley among its most significant clients, and recently advised Merrill Lynch and CCB International on Cabbeen Fashion's USD57 million global IPO, including listing on the Hong Kong Stock Exchange. Carolyn Sng is the key client contact.
Matt Emsley is well regarded for his ECM expertise, and co-leads the team advising the underwriters on the proposed Hong Kong IPO of British jewellery company Graff Diamonds. Commentators appreciate his dedication to transactions and the way he communicates with clients and peers. He is also fluent in Putonghua and Japanese.
Kevin Roy was joint-lead partner advising the underwriters, including UBS and China Capital Corporation, on the HKD3.97 billion Hong IPO of Shanghai Fosun Pharmaceutical. He leads the firm's US securities practice in Asia.
Jason Sung recently advised Citi and BNP Paribas as joint placing agents on the placing of some 300 million shares in China State Construction, valued at HKD2.23 billion. Clients regard him as a "friendly and accessible lawyer who is always available to answer ad hoc queries."
Beijing-based Tom Chau has a particular focus on advising PRC issuers, including a number of state-owned entities. His client list includes Huaneng Power, China Agri-Industries and Sinopec.
Clients describe Terence Lau as "very hands on and involved in transactions" and "an exceptional lawyer who is able to provide advice even on highly technical matters." He recently advised Japanese insurance company Tokio Marine Holdings on its cornerstone investment in the People's Insurance Company of China, in connection with the company's high-profile IPO.
Philip Hyde represented Bank of New York Mellon in its role as trustee during the issuance of KRW321.2 billion exchangeable bonds by Lotte Shopping. Clients consider him to be "a commercial guy, who is flexible, responsive and pleasant to deal with." He splits his time between the firm's Hong Kong and Tokyo offices and is recognised for his Japan-related debt work.
Foreign Desks The India desk in Hong Kong coordinates with those in Singapore and London to provide clients with wide-ranging advice on India-related transactions. In particular, the team focuses on assisting clients who are looking for business development and investment opportunities in India. Hong Kong-based Patrick Sherrington is head of the firm's India practice.
DCM head Richard Mazzochi regularly advises leading corporate bond trustees including Bank of New York Mellon, HSBC and Deutsche Bank. Among his recent work for HSBC, he advised on the establishment of a USD2 billion, Singapore-listed MTN programme by Keppel GMTN.
Paul McBride joined the firm's office in Brisbane in 2014. He is the head of the firm's securitisation practice, and recently acted for Suncorp-Metway on its USD5 billion covered bond programme. He is praised for his practicality.
Dominic Tsun continues to command the respect of sources. Recent standout deals include being part of the team that advised 13 major investment banks as joint bookrunners on Sinopec Engineering's global offering and Hong Kong IPO, a deal potentially worth USD2.23 billion. One interviewee reported that he "is highly commercial and has the respect of all the banks."
David Zhang has particular experience representing PRC issuers, with recent examples including advising Chinese commercial developer Hydoo International on its IPO on the Hong Kong Stock Exchange.
John Otoshi co-led the firm's work for the initial purchasers, JPMorgan Securities and Merrill Lynch, on Want Want China Finance's USD600 million offering of 1.86% guaranteed senior notes.
Wong Li-Chien was one of a team of partners acting for Goldman Sachs and China International Capital Corporation as joint bookrunners and sponsors in connection with the IPO of leading vehicle manufacturer China Harmony. Sources also praise her work on the Sinopec Engineering Hong Kong IPO.
According to one client, Michael Liu has "good commercial sense, which is important for a senior partner: he is able to give us legal advice with a good commercial basis." He offers clients 25 years' experience in this field, which includes a leading role on the IPO of PanAsialum Holdings.
Stanley Chow has a practice that spans ECM and M&A work. Recent mandates include the IPOs of PanAsialum Holdings and Kinetic Mines and Energy, and advising the sole financial adviser and underwriter on Sinopec Kanton's HKD3.49 billion rights issue.
Eugene Lee was one of the lead partners advising Minmetals Land on two million-dollar bond offerings. He was also part of the team acting on the PanAsialum Holdings IPO, valued in excess of HKD1.1 billion.
Partner Posit Laohaphan joined the firm in 2012, and brings notable expertise in relation to Thai capital markets deals. A fluent Thai speaker, he recently advised Thai Oil on its USD1 billion senior unsecured notes offering.
Senior associate Benjamin Carale also joined the firm in 2013. He is admitted to practise in the Philippines and has eight years' experience at Philippine law firm Romulo Mabanta. Clients appreciate his "prompt and clear responses."
Since publication, Stanley Chow has retired from this practice.
Teresa Ma is known for her extensive deal activity, which led one commentator to remark that she is "omnipresent in equity capital markets." Drawing on her many years' experience in both capital markets and M&A, she is able to advise corporates and financial institutions on a range of equity transactions. Lately, she acted for the joint sponsors and underwriters of Wison Engineering's global offering and Hong Kong listing, valued at approximately HKD1.674 billion.
Asia capital markets head Andrew Malcolm receives particular praise for his work on debt transactions. Sources view him as a "very sound, very impressive practitioner." He recently advised the global co-ordinators, lead managers and bookrunners on a series on renminbi-denominated bonds issued by China Guangdong Nuclear Power.
Jeremy Webb advised lead managers Deutsche Bank, UBS and HSBC on Hong Kong Exchanges & Clearing's USD500 million convertible bonds issue. Clients describe his ethos as "dedicated, market-driven and proactive." He also receives praise for his debt work in China and in the Philippines.
William Liu handles a range of DCM matters, with recent highlights including advising the PRC Ministry of Finance on the Hong Kong law aspects of its CNY23 billion sovereign bond. Clients characterise him as "commercial, solution-focussed and able to think outside the box when faced with difficult situations."
Christopher Kelly's practice spans M&A and capital markets. On the securities side, he has advised on several high-profile IPOs of late. Sources describe him as an "outstanding individual with great commercial and legal awareness."
Jon Gray is involved in a number of cross-border capital markets transactions, particularly in the debt sphere. Much of his work involves Japan - for example, he advised the underwriters Citi, Morgan Stanley and Barclays on Japanese and international offerings of Aozora Bank's common stock, valued at more than JPY146 billion.
According to sources, David Ludwick stands out for his debt work and is "one of the most active" lawyers in this field. He recently acted for Barclays, BOCI and Citi on the USD2 billion offering of 3.875% notes due 2022 by CNOOC Finance.
Sim Hwang Hwa has a strong reputation for DCM matters. Clients approve of his approach, stating that "he's very commercial and he listens to what we have to say." One client remarked on his cross-border experience as a particular asset, saying that "it's wonderful to have a lawyer who has experience doing deals in the UK, Hong Kong and Mainland China."
US securities expert Pam Shores is applauded by clients, with sourcing stating that "she really has a good feel for the priorities of in-house lawyers." She regularly advises clients on US issuances.
Associate Samantha Kim concentrates her practice on Korea-related capital markets deals, and also has experience in M&A and project finance.
Associate Daniel Kwon is a key member of the Hong Kong office's South Korea desk. He is praised by clients for his skill at managing multiple deals, as well as the high standard of his drafting.
Hyung Ahn heads the firm's newly-opened Seoul office, following a number of years based in Hong Kong. Among his most recent highlights, he advised Korea Development Bank, Woori Bank and Hana Bank on Doosan Infracore's USD500 million offering of senior capital securities, the first hybrid issuance by a Korean company.
Robert Cleaver is credited with a "great ability to guide clients through the idiosyncrasies of the Hong Kong market." He advised London-based international jeweller Graff Diamonds on its proposed Hong Kong listing, valued at a potential USD1 billion. He speaks Afrikaans, Dutch and English.
Commentators describe Craig Dally as an "extremely good practitioner" who provides sound advice in a highly efficient manner. He assisted placement agents Goldman Sachs, JPMorgan and UBS with a placement of new shares by CLP Holdings, valued at USD976 million.
Foreign Desks The firm's South Korea desk continues to support international clients wishing to access the Korean market. It has 30 years' experience in Korea, and many of the desk's lawyers have previously worked for domestic Korean law firms. In capital markets matters, it acts for several leading underwriters, as well as key Korean issuers such as Samsung, LG and Hyundai. Hyung Ahn is the main contact.
Jason Elder is known for his expertise in Indonesian and Mongolian matters. Of late his work has included advising the Trade & Development Bank of Mongolia on its USD300 million issue of senior notes, due 2015. A client described him as "stellar in terms of responsiveness, level of knowledge and commerciality of advice."
James Fong was one of the partners advising Citi (as the global co-ordinator, bookrunner and placement agent) on a USD259 million top-up placement in Sunac China Holdings.
Joshua Zimmerman continues to have a notable high-yield practice. Recent standout deals include advising Barclays and DBS Bank on the USD350 million high-yield offering by Star Energy Geothermal, an Indonesian geothermal power producer.
James Grandolfo is described as "very approachable, very constructive and keen to find pragmatic solutions." Clients especially highlight his depth of expertise in matters relating to India and the Philippines.
Paul Pery is a new addition to the Hong Kong team. He has considerable experience in the Philippines, where market sources commend his "good grasp of local securitisation laws and processes."
Foreign Desks The team also contains considerable expertise in relation to Indian capital markets matters. Members of the Hong Kong office recently advised the initial purchasers on Bharti Airtel's USD1 billion 5.125% bond offering, as well as an additional offering valued at USD500 million. Senior associate Andrew Yang is the key contact in Hong Kong.
Ven Tan is described by peers as "a very good person to work with: he's friendly and reasonable." His broad expertise includes IPOs, secondary offerings and dual listings, and recent mandates include acting for Shanghai Fosun Pharmaceutical in its HKD3.9 billion IPO. He is managing partner of the Hong Kong office, and co-chair of the firm's Greater China capital markets practice.
Jonathan Perry is admired by peers, who enthuse that "he has a good commercial mind; if you have him on the other side it'll be an enjoyable transaction." His recent highlights include advising HSBC and UBS as the underwriters on a USD671 million rights issuance by Esprit Holdings.
ECM expert David Roberts is recommended by sources, who appreciate his experience, hands-on approach and strategic guidance. He was one of the key partners advising the underwriters on China Lifestyle Food & Beverage Group's HKD859 million Hong Kong IPO.
David Johnson recently relocated to Hong Kong after many years practising in the USA, where he is admitted in New York, California and Washington, DC. He has an impressive track record on high-profile US listings, including the recent senior secured notes offering by Lions Gate Entertainment.
Edwin Luk is head of the firm’s global capital markets group. Clients comment on his commercial acumen and his "strong ability to communicate with clients, either in Mandarin or English." He acted as issuer's counsel on the Hong Kong IPO of Freetech Road Recycling Technology, valued at over HKD632 million.
Billy Wong is highly regarded for his IPO advice. Clients observe: "He's a very organised, professional lawyer who is able to meet the deadline on time and provide accurate responses." He acted for Prince Frog International Holdings regarding its HKD220.5 million placement of existing ordinary shares.
Steven Winegar is valued by clients for his hands-on approach, as well as the commercial perspective gained in his former role as an in-house lawyer at Goldman Sachs. He recently advised the placement agents, Goldman Sachs, JPMorgan and UBS, on the top-up placement of Philippine real estate conglomerate Ayala Land, a deal worth USD326 million.
David Grimm is best known for his high-yield practice, with sources praising his constructive approach to negotiations and impressive problem-solving abilities. In a recent highlight, he was one of the lead partners advising PRC property developer Yuzhou Properties on a major high-yield bond offering.
Vivian Lam was involved in a number of the firm's standout DCM mandates in the last year. In one example, she helped advise Glorious Property on its issue of USD250 million senior notes. She is fluent in English, Cantonese and Mandarin.
Sources highlight Raymond Li's ECM practice and his strong relationships with PRC regulators. He co-led the firm's advice to Haitong International, a subsidiary of Haitong Securities, regarding its HKD1.17 billion rights issue. Li chairs the firm's Greater China practice.
Sammy Li's recent mandates include advising the joint global co-ordinators and bookrunners on Chinalco Mining's Hong Kong IPO.
Catherine Tsang also receives high praise for her ECM work. She recently advised sole sponsor and financial adviser JPMorgan on an equity listing by China Daye Non-Ferrous Metals Mining's deemed new listing following its acquisition of Prosper Well Group.
Daniel Kim is now based in Seoul, having previously worked in the firm's Hong Kong office. He is adept at a range of corporate and capital markets transactions. Sources praise his negotiating, drafting and attention to detail. He is fluent in Korean.
Dong Chul Kim joined the Seoul office recently. He advised sole bookrunner Credit Suisse on the USD114 million GDR offering by the Korea-based Youngone Corporation.
Foreign Desks This firm's Seoul office opened in November 2012, and is already taking the lead on a number of Korean matters. Much of the team's work was historically handled from Hong Kong, and the Hong Kong office remains involved in a select number of challenging Korean issuances. Steven Winegar and David Grimm have both advised on substantial Korean matters, and so are key contacts for the group in Hong Kong.
Joseph Tiano divides his time between the firm's offices in Washington, DC and Shanghai. He has notable experience in advising Chinese companies on US capital markets matters.
Foreign Desks USA-based members of this firm work closely with colleagues in the Shanghai office to offer expertise and experience in China capital markets matters. The scope of this advice covers both inbound and outbound instructions. Joseph Tiano is a key member of the team, dividing his time between Washington, DC and Shanghai.
Beijing-based Michael Fosh has been practising for over 20 years, and is praised by interviewees for his practical approach. He brings considerable experience on major ECM matters, with a number of his recent deals stemming from the energy and natural resources sectors.
Delpha Ho recently advised Shenzhen International Holdings on its issue of 4.375% senior notes due 2017, valued at USD300 million. One satisfied client said: "I think she is very responsive and possesses good commercial sense."
Asia managing partner Matthew Bersani takes an active role on deals throughout the region, with particular experience relating to deals from India, Vietnam and Thailand. His recent work highlights include acting for Hutchison Whampoa in its Rule 144A/Regulation S listing of investment grade guaranteed notes on the Singapore exchange.
Head of Asia capital markets Kyungwon Lee specialises in high-yield debt, a product for which he has an excellent reputation in the region. Peers acknowledge that "he does an exceptional job." He represented the underwriters with respect to three separate high-yield offerings by Kaisa Group Holdings, including a USD500 million issuance of 10.25% senior notes due 2020.
Hong Kong office head Colin Law focuses on ECM transactions. According to sources, "he is very familiar with the IPO process and always provides us with good advice and up-to-date information." He advised Macau Legend Development on its USD282 million Hong Kong IPO, completed in July 2013.
Foreign Desks The India-focused capital markets team has particular experience advising on high-yield bond offerings by Indian companies. The team acted for the joint co-ordinators, lead managers and bookrunners on the USD1.7 billion bond offering by Vedanta Resources. Matthew Bersani is the key contact for India matters.
Gang Wong is an active member of the firm's China group. In a recent highlight, he acted for China XLX Fertiliser regarding its issuance of convertible bonds valued at approximately CNY324 million. He speaks English and Mandarin.
Foreign Desks This well-respected Singapore firm offers clients expertise in China capital markets work. The team is bilingual, and has particular experience advising Chinese companies listing in Singapore. Partner Wong Gang is the main point of contact.
Matthew Sheridan's expertise in high-yield debt is strongly endorsed by market sources, who especially appreciate his "innovative solutions to deal structuring." Clients describe him as "user-friendly and always approachable." He divides his time between Hong Kong and Singapore, and also plays a key role in the firm's Indonesia practice. In this capacity, he advised Kawasan Industri Jababeka on a recent high-yield offering with an aggregate principle amount of USD175 million.
Constance Choy has a deep understanding of equity offerings, where her frequent representation of issuers is complemented by her active M&A practice. Commentators consider her to be "very practical" and "a good operator." She is fluent in Mandarin, Cantonese and English.
High-yield expert Alexander Lloyd is identified by sources as "a very seasoned and experienced lawyer who's also pleasant to deal with." His clients include Barclays Capital, Citi and Deutsche Bank. He is also noted for his work in the Philippines and Indonesia.
Timothy Li is co-head of Sidley Austin's Asian international corporate finance practice. He is chiefly active in ECM matters, and is a regular adviser to Evergrande Real Estate Group.
Foreign Desks The Philippines desk offers particular expertise in US securities transactions, and frequently advises on capital-raising transactions for infrastructure projects. The team advised GT Capital Holdings on its USD503 million IPO and listing on the Philippine stock exchange.
Debt capital markets expert Jay Lee recently joined the firm from an in-house position at Standard Chartered, and has quickly picked up praise for his Korea-focused practice. One leading client explained: "He has lots of experience in debt capital markets, and knows a lot of the Korean issuers very well." He is fluent in Korean.
The "very knowledge and reliable" Chen Leiming leads the Greater China team, and plays a key role on several of the team's most significant mandates. He recently advised Goldman Sachs, Deutsche Bank and other underwriters on Vipshop Holdings' NYSE IPO and a follow-on offering valued at approximately USD200 million.
Celia Lam is well respected by market commentators, who describe her as "one of the most experienced capital markets lawyers in the region." Recent highlight matters include acting for UBS (as the sole global co-ordinator and joint bookrunner) on financial public relations company Wonderful Sky's global offering, including its Hong Kong IPO.
Chris Lin is active on ECM matters across the region. In one recent mandate, he advised JPMorgan on Cathay Financial Holding Company's offering of zero coupon convertible bonds, listed on the Singapore Stock Exchange.
Christopher Wong is praised by commentators for his problem-solving approach, technical ability and constructive approach to negotiations. He is fluent in Cantonese and Mandarin.
Jin-Hyuk Park leads the Korean group in Hong Kong, and handles a considerable number of Korean capital markets and M&A mandates. This has included a number of matters on behalf of the lead managers on various debt offerings by Korea's Shinhan Bank as part of its USD6 billion global MTN programme.
Counsel Kristina Kang is fluent in Korean, and an important resource in the firm's Korea practice, having represented a number of Korean issuers during her career, including Korea Life Insurance, POSCO and LG Display. In addition to Hong Kong, she is also admitted in New York.
Seoul office head Youngjin Sohn is best known for his capital markets expertise, and has represented a number of leading Korean corporates of late. He has previously practised in both the New York and Hong Kong offices.
Foreign Desks The Hong Kong team regularly advises Korean clients on their Hong Kong securities issuances, now working in tandem with the firm's new branch in Seoul. The team recently acted for the initial purchasers on Samsung Electronics America's offering of 1.75% notes due 2017. Hong Kong-based Jin-Hyuk Park co-leads the firm's Korean offering.
Interviewees comment on Jonathan Stone's "very effective leadership, project management skills and excellent deal execution." Stone is also well versed in Indonesian and Indian matters. As an example of the latter, he represented Credit Suisse Securities India, the underwriter of a USD175 million QIP by Jaiprakash Power Ventures.
According to market sources, Julie Gao is "clearly one of the most successful capital markets lawyers in Hong Kong." She has a strong track record representing Mainland Chinese companies in IPOs and a range of other securities matters. She recently advised 21Vianet Group on a CNY1 billion dim sum bond offering of 7.875% bonds due 2016.
Clients note that Alec Tracy is "always thorough and yet straight to the point; he gives pertinent advice and provides excellent value." In a recent high-yield matter, he acted for the underwriters on Country Garden Holdings's USD750 million Singapore listing of 7.5% senior notes due 2023.
Edward Lam has been described by clients as "detailed, commercial and always attentive." He recently acted for Sinopec in its offering of senior unsecured notes, valued at USD3.5 billion.
Clients identify Christopher Betts as "a safe pair of hands who raises the right issues." He assisted Chinese semiconductor developer RDA Microelectronics with its USD77 million follow-on offering of American depositary shares.
Foreign Desks The India desk is recognised for its expertise in high-yield debt transactions and knowledge of international bond markets. The firm acted for Goldman Sachs in its role as broker regarding an OFS on the Bombay Stock Exchange and National Stock Exchange of India involving shares in Jaiprakash Power Ventures. The key contact in Hong Kong is Jonathan Stone. Lawyers based in Singapore also contribute greatly to the India practice.
Sources affirm that Benita Yu's many year's experience "has earned the respect of the market." She recently advised CLSA on its placement of new shares and convertible bonds in Paul Y Engineering Group. Peers agree that she is a "top-notch" lawyer, who is "always working on high-level deals."
Sources view John Moore as an intelligent and effective practitioner. He benefits from previous experience as deputy chairman of the Hong Kong Stock Exchange.
Laurence Rudge has been based in the firm's Hong Kong office for over a decade and undertakes a range of capital markets work with particular expertise in debt. He recently advised both MTR and Standard Chartered Bank on annual updates to their multibillion-dollar debt programmes.
Jason Webber is particularly adept at handling regulatory matters. Sources appraise his style as "very thorough."
China managing partner Lai Voon Keat recently led the team's advice to PRC company Bolina Holding in its USD58 million Hong Kong IPO. He is also an experienced corporate/M&A practitioner.
Ivan Tan played a key role in counselling China Silver Group on its HKD101.3 million Hong Kong listing. He is based in the firm's Shanghai office.
Ng Kay Ian is a well-respected capital markets and M&A lawyer, praised by interviewees for his commerciality and practicality. Recent standout deals include advising G-Resources Group on an approximately USD100 million placement of new shares to a consortium of investors.
Wei Chun is praised by one client as "a veteran lawyer in Hong Kong and China: she's been in this business a long time." Significant mandates include acting for the underwriters on the People's Insurance Company of China USD3.1 billion IPO, one of the world's largest IPOs in 2012. She is the firm's managing partner in Hong Kong, and co-ordinates its work in Asia.
William Chua has been involved in a number of the team's headline deals of late. These included the USD3.1 billion People's Insurance Company of China IPO, and G-Resources Group's USD100 million placement of new shares.
Gwen Wong is based in the firm's Beijing office, and has considerable experience representing PRC entities. Clients describe her as "very knowledgeable, capable and helpful." She was part of the team that advised placement agent Standard Chartered Securities (Hong Kong) on Frasers Property's USD91 million follow-on offering.
Melbourne-based Robert Chu was formerly head of the firm's Beijing office and has extensive capital markets and M&A experience. His securities knowledge spans debt and equity matters for major Chinese companies, and he is highly regarded for his advice on the US aspects of DCM transactions.
Robert DeLaMater is based in the firm's New York office, having previously built up considerable capital markets experience in Hong Kong, London and Tokyo. Commentators praise his technical knowledge and client-oriented approach to matters.
Foreign Desks Lawyers in Hong Kong collaborate with colleagues globally to act on Indian-related capital markets matters. Recent highlight matters include acting with a team in London for a consortium of international banks on Jaguar Land Rover's senior notes offering. William Chua is a key contact.
Anna-Marie Slot spearheads the firm's Hong Kong capital markets practice. She represented joint lead managers Merrill Lynch, Deutsche Bank, Goldman Sachs, HSBC and Morgan Stanley in a USD200 million high-yield offering by oil and gas company MIE Holdings, with a coupon value of 6.875%.
Jeffrey Maddox of Cadwalader, Wickersham & Taft LLP receives praise from his peers, who mark him out as "an old hand at the capital markets business and a very, very strong lawyer." He specialises in ECM work, and has advised on IPOs on the Hong Kong, London and Singapore exchanges.
Drew Dutton of Debevoise & Plimpton splits his time between the firm's offices in Hong Kong and Shanghai, and handles both capital markets and M&A mandates. His clients include financial sponsors, multinational corporations and private equity firms, and he recently assisted American International Group (AIG) on multibillion-dollar sales of ordinary shares in AIA Group.
Stephen Mok leads the China ECM group at Eversheds. He recently advised sponsor and underwriter BOCI Asia regarding the listing of Magic Holdings International.
Gene Buttrill joined the growing capital markets team at Jones Day in 2013, and specialises on public offerings by PRC companies in the USA and Hong Kong. He has been practising in this area for over 20 years and is fluent in Mandarin.
David Johnson of K&L Gates is a recent addition to the team, described by sources as "a quality individual." He brings with him particular experience of transactions in the Philippines, having acted on both debt and equity matters there on behalf of issuers and underwriters.
Dieter Yih of Kwok Yih & Chan recently co-led the team's advice to global education company Nord Anglia Education on its USD325 million issuance of 10.25% senior secured notes due 2017. He heads the firm's Hong Kong law practice, and is the immediate past president of the Hong Kong Law Society.
Barbara Mok of Minter Ellison has a broad practice that spans equity capital markets, M&A and banking. In one recent mandate, she acted for Hopson Development Holdings regarding its issuance of 9.875% senior notes due 2018.
Paul Boltz of Ropes & Gray LLP is praised by his clients for his responsiveness, technical knowledge and experience of the local market. In a recent highlight, he acted for the selling shareholders, Goldman Sachs, in connection with the USD760 million IPO of Bharti Infratel, a subsidiary of Indian telecoms company Bharti Airtel.
Victoria Lloyd recently joined Ropes & Gray LLP, and brings with her almost 20 years of experience. Commentators describe her as both "a very good capital markets lawyer," and "a pleasure to work with."
Sources remark that Shirley Lau of Troutman Sanders LLP is technically strong and brings valuable experience to the deals she works on. She has particular expertise relating to Hong Kong listing rules and other SFC regulatory compliance matters.
Hong Kong-based Joe Sevack of Troutman Sanders LLP has considerable experience across a range of capital markets transactions, having acted for issuers, underwriters and funds in Hong Kong over the last 15 years. He has particular expertise in relation to high-yield bond offerings.
Carmelo Lee of Woo Kwan Lee & Lo is a corporate and capital markets practitioner known for his practical approach and loyal client following. Recent highlight matters include advising SRE Group on a rights issue valued at approximately HKD212 million.
Shanghai-based Benjamin Kroymann of Squire Sanders frequently advises Chinese companies on their IPOs and listings in Germany, and now also has a growing number of Hong Kong IPO mandates.
Foreign Experts (Based Abroad)
Cao Chong recently joined DWF LLP in London. He has particular expertise relating to AIM listings of Chinese corporations.
Erling Christiansen is a capital markets and corporate lawyer who leads the China desk of Norwegian firm Advokatfirmaet Schjødt. He has been a partner at the firm for almost 30 years, with considerable cross-border experience.