Due to the number of tables in this section, the editorial
is in alphabetical order
by firm name.
Bernardine Lam focuses on equity capital markets (ECM) work. Her significant in-house experience means that "she can come up with solutions for all our issues. When a deal is in her hands, I'm very comfortable." She advised HSBC as underwriter's counsel in connection with First Pacific's HKD3.9 billion rights issuance.
Walter Son is described by peers as "a very good lawyer - well respected and very sound, with a foothold in the Korean market." He mainly advises on debt capital markets (DCM) matters, and lately has acted for ICBC Asia on its issuance of a USD500 million Basel III-compliant bond.
John Lee is highly regarded for his South Korea-related work, and is commended for being "very attentive, responsive, helpful and able to provide useful explanations." He recently advised HSBC and J.P. Morgan as the joint managers in Korea Re's USD200 million issue of offshore Tier 1 subordinated capital securities.
Clients say that India expert Amit Singh "understands how a non-Indian investor thinks and he understands the local culture and mindset." He has acted for a group of underwriters including BNP Paribas, Standard Chartered Bank and UBS on Bharti Airtel's EUR750 million guaranteed notes offering.
Foreign Desks The Hong Kong office hosts a notable Philippines desk, advising domestic and international clients on cross-border debt and equity matters. An example of its recent work in this market is its advice to UBS in connection with the USD204 million IPO of Asia United Bank. Key desk contacts include John Lee in Hong Kong and Ken Aboud in Singapore.
The firm's South Korea practice has been running for two decades, and today fields a solid capital markets team in Hong Kong. It represented Citi Global Markets as listing agent for USD20 million in fixed-rate notes issued by Korea Development Bank. Walter Son is the key contact.
India capital markets work is also handled by the multi-talented team in Hong Kong. The team works as a part of the firm's India network, with expertise distributed across the globe. Recently, it acted for a group of bookrunners which included J.P. Morgan, SBI Capital Markets and UBS on the placement of INR80 billion worth of State Bank of India shares. Amit Singh is a point of contact for enquiries.
Lina Lee acts for clients on equity matters, and recently co-advised Luye Pharma Group on its USD760 million IPO on the Hong Kong stock exchange.
Clients rely on Anna-Marie Slot "for her knowledge of the market and understanding of our requirements" when it comes to high-yield work. She joined the team from White & Case last year.
Stuart Rubin is known for his expertise at taking on India-related matters. He is praised by interviewees for his dedication and diligence. He recently advised GAIL (India) on a USD63 million block trade with China Gas.
Corporate lawyer Elsa Chan handles both ECM and M&A work. She recently advised China Everbright on the sale to its controlling shareholder and subsequent repurchase of HKD352.6 million in shares.
Freeman Chan "has a very deep relationship with the Hong Kong stock exchange" and maintains his solid reputation for handling equity matters. He advised Genting Hong Kong as selling shareholder in Norwegian Cruise Line Holdings' USD406.9 million secondary offer of ordinary shares.
Clients say that Clayton Johnson is "thoughtful, practical, and able to get to the ultimate problem and solution quickly." He is focused on equity and known for handling US issuances.
Jinduk Han is highly regarded as an expert on capital market issues concerning Korea, and peers note: "He's very well regarded and has been doing this for a long time." He recently advised Korea Development Bank on its USD1.5 billion dual-tranche registered note offering, listed on the Singapore stock exchange.
Philippines expert Robert Williams is described by clients as a "very solid lawyer - he is responsive, responsible and has sound judgement." He advised the bookrunners - including Deutsche Bank, Morgan Stanley and HSBC - on the USD1.5 billion in bonds offered by the Republic of the Philippines.
Clients report that Connie Chu is "adept at finding practical solutions to issues and concerns." She is a Philippines expert, and was part of the team which acted for the bookrunners on the Republic of the Philippines' USD1.5 billion bond offering.
Foreign Desks The firm's Hong Kong branch offers a wide variety of Asia-Pacific expertise, including a Philippines desk. It has a proven track record of acting for domestic and international clients for over two decades on Philippines capital market deals, and recently acted for a bookrunner consortium including Goldman Sachs, HSBC and Standard Chartered Bank on the USD1.5 billion bond offering made by the Republic of the Philippines. The key desk contact is Robert Williams.
The office's South Korea desk has been working on transactions in the country for over 20 years, and in that time has developed an enviable reputation working with Korean issuers. One notable example is its representation of the Republic of Korea in its USD1 billion offering of notes. The key desk contact is Jinduk Han.
Beijing-based Tim Wang is focused on the equity side, and as a PRC-qualified lawyer advises on issuances which involve Mainland China. He was one of the lead partners that advised a group of 21 bookrunners, including Standard Chartered Securities, Haitong International Securities and Citi Global Markets, on China Galaxy Securities' USD1.07 billion IPO.
Amy Lo mostly handles equity-related matters, and works particularly closely with the US law team, advising on Rule 144A IPOs which are also listed on the Hong Kong stock exchange. She led on representing China International Capital, ABC International and BOCI in connection with the 1.13 billion IPO of Harbin Bank.
Jean Thio works on equity matters from the firm's office in Shanghai, and clients report that she is a "responsive and user-friendly lawyer." She co-led on acting for China Huishan Dairy Holdings as issuer's counsel on its USD1.3 billion IPO.
Beijing-based Jean Yu is praised by peers as being "great to work with," and is active working on IPOs and other equity matters. She led on advising Merrill Lynch and BNP Paribas as the joint global co-ordinators of Haichang Holdings' USD315 million IPO.
Connie Heng is a DCM specialist, and maintains a strong reputation among peers and clients, the latter of whom remark that: "She is definitely a firm negotiator, and is very commercial and efficient." She advised Beijing Capital Land, as well as its subsidiaries, on the establishment of a USD1 billion MTN programme.
Matt Fairclough primarily works on debt matters, and acted as arranger's counsel for Deutsche Bank in connection with Tencent Holdings' USD5 billion GMTN programme. Clients describe him as "a highly responsive and effective problem solver, who is easy and pleasant to work with."
Richard Lee is highlighted as a "very experienced" lawyer, and is singled out for his expertise working on Korean matters. He was part of the team of lawyers which acted for a bank consortium which included HSBC, BNP Paribas and Barclays in connection with the establishment of an USD8 billion GMTN programme by NongHyup Bank.
Foreign Desks The office maintains a notable South Korea desk, in addition to its recently opened office in Seoul. It assists the on-the-ground team on major debt and equity matters, and lately has advised a bank syndicate which included HSBC, Crédit Agricole and Morgan Stanley in relation to Korea Exchange Bank's USD4 billion GMTN programme and subsequent USD200 million issuance of subordinated instruments. Counsel Richard Lee in Hong Kong is a point of contact.
Foreign Desks CMS's Frankfurt office is home to a China desk, which is composed of a number of lawyers with direct experience advising PRC and Hong Kong clients on equity transactions in Germany, particularly IPOs. Lately it advised Ming Le Sports in relation to its EUR1.5 million share buy-back scheme on the Frankfurt stock exchange. Andreas Zanner and Volker Potthoff are key contacts for the desk.
Andreas Zanner heads the ECM team in Frankfurt, and has experience in handling German IPOs of Chinese companies. Sources highlight his "diplomatic approach, reliability and ability to solve complicated problems."
Bill Barron is greatly respected as a strong all-rounder. He comes in for particular praise for his debt and high-yield work, with clients remarking that "he has a tremendous amount of experience." Recently, he advised the joint lead managers, including BNP Paribas, Standard Chartered Bank and Deutsche Bank, on Shui On Development's USD550 million 9.625% notes offering. He is also singled out for his distinguished track record on big-ticket transactions in Indonesia and the Philippines.
Equity specialist Bonnie Chan is highlighted by peers for her experience as both a former regulator and an in-house counsel. She recently acted for the joint sponsors - Citi and Deutsche Bank - in connection with BAIOO Family Interactive's USD195.8 million IPO.
Equity-focused Antony Dapiran is noted by peers as being highly active on IPO work. He acted as issuer's counsel to China Oilfield Services on its USD758.9 million primary placement of new H-shares.
James Lin advises on both equity and debt capital matters, and is experienced at working with issuers in various sectors including real estate, banking and energy. He recently acted for J.P. Morgan Securities and Goldman Sachs as joint bookrunners on Baidu's USD1 billion notes offering.
Paul Chow recently co-led on advising Sun Hung Kai Investment Services and Morgan Stanley as placing agents on Sun Hung Kai's USD129 million top-up placement. He is active on both debt and equity offerings.
Peers note that Li He "is a smooth operator for his clients," and that he is not only able to draft in English, but also in Chinese. He advises on equity matters, and recently acted as issuer's counsel to Qingdao Port International on its USD321.6 million IPO.
Gerhard Radtke is recognised by peers as being an accomplished high-yield practitioner, and has over a decade of experience acting for issuers and underwriters. He was part of the group which acted for China Mengniu Dairy in relation to its USD500 million bond offering.
Foreign Desks As a part of its Asia-Pacific practice, the Hong Kong office houses a South Korea desk advising on high-value issuances, primarily acting for investment banks. One recent example is its representation of the underwriters on a USD1 billion bond issuance by the Export-Import Bank of Korea. Eugene Gregor heads the desk.
The Hong Kong-based India desk continues to advise major clients, both issuers and investment banks, on equity and debt matters including high-yield issuances. Kirtee Kapoor is the key point of contact at the desk.
Clients say that Ronny Chow is "commercial, and helps his clients manage the risk in transactions," while peers describe him as "technically very good." An equity specialist, one of his highlights is advising HSBC Corporate Finance, Morgan Stanley, Citi Global Markets and BOCI Asia as underwriters to Kerry Logistics Network's HKD2.53 billion spin-out.
Practice head Stephen Peepels focuses on ECM deals and is best known for his work relating to India. He advised Kotak Mahindra, ICICI, SBI Capital, Citibank and UBS as underwriters on a USD1.1 billion offering made by the Power Grid Corporation of India. He is commended for his "good negotiation skills, because he knows the subject matter very well."
Jeffrey Mak is an equity practitioner, and was part of the team which acted for Beijing Tong Ren Tang Chinese Medicine on regulatory matters in Hong Kong and the UAE in connection with its HKD699.2 million IPO.
Senior counsel Betty Louie often represents Chinese financial clients in their business operations in Italy. She speaks Mandarin in addition to Italian and English.
Foreign Desks The Hong Kong office's India desk works closely with the team in Singapore to provide a solid capital markets practice handling both DCM and ECM offerings. It advised Rolta India on its USD200 million senior notes offering, one of the few high-yield deals by an Indian issuer. Stephen Peepels heads the desk from his base in Hong Kong.
The deeply-respected Teresa Ko is "very experienced and can handle high-level strategic issues," explained one client. She primarily works on ECM matters, and recently advised Morgan Stanley as the sole sponsor of Fast Retailing on its secondary listing of Hong Kong depository receipts on the Hong Kong stock exchange.
Clients report that Grace Huang is "technically very sound, especially on trusts and related equity products." She acted as underwriters' counsel to HSBC and Goldman Sachs on HK Electric Investments' USD3.1 billion Hong Kong IPO.
Equity-focused Calvin Lai acted for a group of underwriters, including UBS, Credit Suisse and Merrill Lynch, on Cinda Asset Management's USD2.5 billion IPO. Sources report that he has "a lot of experience and good client sense," and his "understanding of the regulator's attitude is very helpful."
Ken Martin is "very experienced, especially on US work." He is best known for his ECM expertise. He co-led on representing the sponsors and underwriters, HSBC and Deutsche Bank, in connection with Langham Hospitality Investments' USD550 IPO.
Andrew Heathcote is a DCM specialist, and has lately advised China CITIC Bank on a 4.125% bond offering valued at CNY1.5 billion. Clients appreciate that he is "very detailed and gives professional, value-added advice."
David Ludwick has "superior knowledge on market precedents and is proactive in providing solutions," say clients. He is best known on the investment-grade debt front.
Kevin Roy is the head of the firm's Asian US securities practice. He is rated for his expertise in investment-grade debt products. He recently acted as issuer's counsel to ICBC on its issuance of a CNY2.5 billion dim sum bond.
Corporate lawyer Matt Emsley handles a range of ECM work. He is appreciated by clients for his dedication and deep knowledge base. He advised ICBC International Capital and Macquarie Capital Securities as joint sponsors of the HKD1.4 billion IPO of Kangda International Environmental.
Clients say that ECM partner Jason Sung is "highly experienced and commercial, in that he is always able to provide good ideas to us." He acted for China Metal Resources Utilization on its HKD698.8 million IPO.
Terence Lau is praised by clients as being "highly commercial," "very proactive" and "technically sound." He is also highlighted for his deep level of involvement in matters. Lately he acted for a group of underwriters which included CLSA, BOCOM International Securities and Credit Suisse on the USD283.5 million IPO of Macau Legend Development.
Thomas Tarala focuses his practice on equity matters, and was part of the team which advised Haitong International Securities, ABCI Capital and UBS in connection with Times Property Holdings' USD199 million IPO.
In addition to his strength advising on structured products and derivatives, Richard Mazzochi is renowned as a skilled DCM lawyer. Clients say he "works very hard, has a good response time, and provided valuable inputs." He advised CLP Power HK Finance as issuer's counsel on its USD500 million hybrid bond offering.
Having spent many years at the Hong Kong office, securitisation expert Paul McBride is now located in Brisbane. While still based in Hong Kong, he represented HSBC as the arranger in the restructuring of the instalment loan securitisation programme of Courts (Singapore), the furniture and electrical goods retailer.
Dominic Tsun is lauded by peers for his excellent reputation for Hong Kong IPOs, and clients say that he "is very good, and stays in tune with the market." One of his many standout transactions saw him advise a private equity consortium as selling shareholder in connection with Luye Pharma's USD764 million IPO.
David Zhang is deeply respected as "one of the most experienced practitioners in Asia." He works on equity matters, and was part of the team which assisted UBS and Jefferies, among other underwriters, in Cogobuy Group's USD198 million IPO.
Wong Li-Chien provides advice that is "very to the point, commercial and reliable," say clients. She is best known for her expertise in ECM deals, and acted for the joint sponsors, a group encompassing HSBC Corporate Finance, Goldman Sachs and Citi Global Markets Asia, on Global Brands Group Holding's IPO.
John Otoshi focuses on the niche area of high-yield products. He recently advised Credit Suisse on JinkoSolar Holdings' convertible bond offering, which took place concurrently with a follow-on offering of ADS.
Eugene Lee handles equity offerings for international and domestic clients. He advised Huishang Bank on its USD1.2 billion IPO on the Hong Kong stock exchange.
Peers single out Cathy Yeung for her strong relationships with Chinese clients, and note that she is a reliable practitioner. An equity specialist, she co-led on advising New Century Asset Management on New Century REIT's HKD676 million IPO.
Posit Laohaphan is known for his Thailand expertise, and clients appreciate his "excellent response time and understanding of our needs without requiring a lot of discussion." He was part of the team which represented Thai Oil on its offering of USD1 billion dual-tranche senior unsecured fixed-rate notes.
Benjamin Carale is prized because he is a "dedicated Philippines lawyer - his knowledge of how things operate in the Philippines really made things easy." He recently acted for Melco Crown Entertainment on its senior notes offering valued at USD330 million.
William Liu is highly valued for his "solution-driven mindset which helped us design and arrange innovative product structures and resolve technical difficulties." In a highlight, he advised the PRC Ministry of Finance on a two-stage sovereign bond offering valued in total at CNY23 billion.
Jeremy Webb is well thought of by peers for his debt work, particularly in relation to convertible bond matters. He recently advised ICBC Asia on its issuance of USD500 million in Basel III-compliant subordinated notes. He is also active on Philippines-originated deals. For instance, he represented Genting Hong Kong as joint controlling shareholder in Travellers International Hotel Group's IPO of common shares; the other joint shareholder of Travellers International is the Philippines' Alliance Global Group.
Teresa Ma is praised not just for her equity prowess, but also for her high level of ability in M&A, leading sources to say that they "think highly of her unique skill set." She acted as issuer's counsel to Harbin Bank on its USD995 million IPO.
Clients say that Craig Dally is "practical, easy to work with and very experienced." He is an equity-focused practitioner, and was part of the team which advised a consortium of underwriters which included UBS, Deutsche Bank and Standard Chartered Bank on a HKD1.85 billion rights offering made by CITIC Telecom International Holdings.
Jon Gray works primarily on debt matters, and is noted by clients and peers for his depth of experience and skill at taking on Japan-related issues. Sources report that "he's very authoritative and eager to improve the deal." Lately, he advised Merrill Lynch Japan Securities as the manager of Mizuho Financial Group's USD1.5 billion 4.6% fixed-rate notes offering.
Andrew Malcolm is very highly regarded by his peers for his work on DCM matters, and is also well known for derivatives work. He heads the firm's debt practice.
Sim Hwang Hwa is praised by peers as "a good person to have on the other side" for debt matters. He acted as issuer's counsel to China Overseas Finance Investment (Cayman) on its offering of USD750 million in exchangeable bonds.
Robert Cleaver advises clients on ECM matters. He acted for HSBC in connection with the privatisation of New China World Land Development by Easywin Enterprises, funded by a loan to be repaid by a subsequent rights offering.
South Korea expert Samantha Kim acted for Merrill Lynch as the placing agent on a KRW745 billion block trade of POSCO treasury shares.
Pam Shores is a US-qualified partner who focuses primarily on equity-related issues, supporting the team on Rule 144A/Regulation S issuances. Clients say she is "straightforward, quick and considerate of how things work in both the USA and Hong Kong." She represented the Republic of Philippines as US counsel in its USD1.5 billion offer of global bonds.
Foreign Desks This active South Korea desk works in tandem with its office on the ground in Seoul to provide US and UK law advice on DCM and ECM deals. One recent example saw it assisting The Bank of New York Mellon, Daewoo Securities and Hyundai Merchant Capital in connection with the USD117.6 million exchangeable bonds issued by Hyundai Merchant Marine. Victor Wan is a point of contact.
James Fong works on equity issuances and is highlighted for possessing "inside knowledge of the banking industry," and also for being "flexible, experienced and professional." He recently advised a consortium of banks including Morgan Stanley Asia and Deutsche Bank as underwriters, as well as the joint sponsors, on Jinmao Investments' HKD3.2 billion Hong Kong IPO.
Jason Elder works on equity and debt matters, and is known for his expertise in the developing markets of Mongolia and Indonesia. In Mongolia, clients are impressed with "his local knowledge and professionalism," while in relation to Indonesia he is noted by peers for his work on high-yield issuances. He recently led on the US law aspects of Beijing Urban Construction Design & Development Group's USD119 million IPO, representing CITIC Securities and UBS as the joint sponsors.
Joshua Zimmerman maintains his strong reputation in high-yield work, with clients reporting he "is thoughtful, gets back to you quickly and has a good level of experience and judgement." He was recently issuer's counsel to Sri Lanka's National Savings Bank on its offering of 8.875% senior notes, valued at USD750 million.
James Grandolfo, who primarily focuses on debt-related work, is highly regarded for his foreign expertise, especially with regard to Philippines and India matters. Clients say he is "pre-eminent in the Philippines," and peers highlight his prowess for India matters. He acted for the Philippine National Bank on a USD265 million rights offering.
Paul Anthony Pery is described by peers as being "well established and well known for his Philippines work." He was part of the team which advised a group of banks acting as joint lead managers and joint bookrunners on SMC Global Power Holdings' USD300 million capital securities offering.
Foreign Desks The firm's Philippines practice is primarily driven from a specialised desk in Hong Kong. The team has experience working on debt and equity work for major domestic clients, and recently advised HSBC and DBS on Vista Land's tender offer for its existing 8.25% guaranteed notes and an issuance of 7.45% guaranteed notes by VLL International, its subsidiary. Recent arrival James Grandolfo is a key point of contact.
Venantius Tan is highly regarded for his ECM capability, and is commended for his ability to "use his experiences and knowledge to help clients with the regulators - he understands regulators' thinking." He recently acted for China Merchant Securities and BNP Paribas as the joint lead managers and global co-ordinators on the HKD830 million IPO of Optics Valley Union.
Corporate lawyer Jonathan Perry works on both ECM and M&A matters. Clients further benefit from his experience serving on the Takeovers Appeal Committee and the Takeovers & Mergers Panel in Hong Kong. He was recently underwriters' counsel to HSBC on a USD270 million rights issuance by Dah Sing Financial Holdings.
David Johnson is said by peers to "always have been strong in the Philippines," while other sources say he is "practical and business-minded."
David Roberts works on equity matters out of the firm's Beijing office, and clients enthuse that he "brings up any issues we need to be aware of, and comes up with solutions without being asked." He acted for the joint bookrunners, Credit Suisse, Morgan Stanley and Citi, on 58.com's USD215 million IPO.
Clients are impressed with ECM partner Edwin Luk, and report that he "has a thorough understanding of the capital markets and can frequently come up with commercially oriented advice." He recently acted for Fuguiniao as issuer's counsel on its USD152.8 million IPO.
Beijing-based Mathew Lewis has earned a solid reputation among his peers for his technical skill. Lately he was part of the team which acted for IGG on its USD135.5 million IPO on the GEM board.
Steven Winegar's practice is enhanced by his deep experience working in-house at a major investment bank. He is best known for his expertise in ECM matters and recently acted for Citi as the sole co-ordinator of a USD214 million IPO by Fu Shou Yuan International Group.
Raymond Li chairs the firm's Greater China practice and primarily works on ECM matters, for the most part advising the issuers. He co-advised Haitong International Securities on its HKD1.17 billion rights issuance.
Sammy Li is an equity-focused practitioner and head of the firm's Hong Kong office. Among other recent transactions, he was underwriters' counsel to a syndicate which included Haitong International Securities, Standard Chartered, BOCI Asia and Morgan Stanley on New Century REIT's IPO, valued at USD87 million.
Catherine Tsang is recognised by peers for her skill at taking on matters on both the issuer and underwriter sides. She was part of the team acting for WH Group (formerly Shuanghui) in preparation for its IPO.
David Grimm impresses with his "good advice and his proactive approach - he was on top of his work and he is practical," noted one client. Grimm is a specialist in high-yield deals, and recently co-advised Glorious Property Holdings on its USD400 million high-yield senior notes offering.
Vivian Lam acts for clients on DCM matters, and peers point out her skill at handling hybrid securities. She is also commended for her versatility: "Her language skills in English, Mandarin and Cantonese are an added bonus when dealing with international and local counterparts." She recently advised China Daye Non-Ferrous Metals Mining on its issuance of renminbi-denominated, US dollar-settled convertible bonds.
Foreign Desks The Hong Kong team continues to work with the firm's Seoul office on Korean ECM and DCM issuances, most notably acting for investment banks. It recently advised the placement agent, Goldman Sachs, on Shinsegae's USD81 million block trade of shares. Steven Winegar is a key contact at the desk.
Kyungwon Lee is highly acclaimed for his work in the DCM sphere, and is active working on both investment grade and high-yield matters. He recently advised a group of 15 underwriters, led by Citi Global Markets, in relation to a USD1.5 billion bond offering by Lenovo Group. He is also fêted as an expert on Indonesia-related work. Clients highlight his responsiveness and commerciality.
Matthew Bersani is well known for working on both debt and equity matters, and clients are impressed by the level of insight he can give on major and complex transactions. Bersani has a very wide-reaching practice, as he is active on India, Thailand and Vietnam deals, in addition to transactions relating to China. He recently acted as issuer's counsel to Fu Shou Yuan International Group on its USD215 million IPO.
Hong Kong managing partner Colin Law focuses mostly on equity matters, and clients appreciate that he "gets personally involved and is very experienced." He was recently underwriters' counsel to China Merchants Securities, Macquarie Capital Securities, BOCI Asia and China Securities (International) Brokerage on Wisdom Holdings Group's USD100 million IPO.
Zhao Shuang works on ECM deals, and clients praise her communication and organisational skills. Among other highlights, she co-advised China Renaissance, Morgan Stanley and Credit Suisse Securities as underwriters on the USD72 million IPO by Tuniu.
Foreign Desks Co-operating closely with other offices in its global network, the office's India desk frequently advises on complex debt matters including high-yield bond work and major equity deals. It acted for an underwriter group which included Deutsche Bank Securities, Citi Global Markets and J.P. Morgan Securities on MakeMyTrip's USD145.5 million secondary offering. Matthew Bersani is a key point of contact for the desk.
Foreign Desks This firm's Singapore headquarters is host to its highly successful China desk, often advising Hong Kong and PRC-based businesses on Singapore IPOs, secondary offerings and debt deals. It advised Yanlord Land on the issuance of CNY2 billion in senior notes on the Singapore stock exchange. Gang Wong is the key contact at the firm.
Singapore-based Gang Wong is equipped with considerable expertise on China-related transactions, and is lauded by clients as "knowledgeable and pragmatic in his approach." He recently provided Singapore counsel to Singapore-listed China XLX Fertiliser in its role as issuer of notes worth CNY250 million.
Sources assert that Constance Choy is "definitely an experienced Hong Kong ECM lawyer," who "knows her stuff." She is experienced at working with both underwriters and issuers on equity deals, including representing Barclays Capital Asia in China Fordoo Holdings' IPO on the Hong Kong stock exchange.
Peers report that Matthew Sheridan rightly deserves his enviable reputation on debt-related matters, and in particular for high-yield work. He splits his time between Hong Kong and Singapore, and is also known in the market for his high level of expertise at taking on matters connected to Indonesia. One of his many deal highlights includes representing KWG Property Holding in its USD600 million high-yield offering of 8.975% senior notes.
High-yield debt practitioner Alexander Lloyd is known among peers for his prowess at taking on complicated matters. He is also very highly regarded for his South-East Asia practice, especially when it comes to Philippines-related work. He was the lead on the Philippine National Bank's USD260 million rights offering, wherein he represented Credit Suisse and Deutsche Bank.
Foreign Desks This office provides Philippines advice by working in close conjunction with the Singapore office, offering streamlined services in relation to capital markets transactions. It recently acted as underwriters' counsel to UBS, J.P. Morgan and Deutsche Bank on the USD622 million IPO of Robinsons Retail Holdings. Alexander Lloyd is a key contact for the desk.
Jay Lee is the head of the DCM practice at the firm's Hong Kong office. Clients say he is "technically strong, and has a good rapport with Korean issuers." He co-led on advising J.P. Morgan Securities on Celltrion's USD300 million issue of convertible bonds. Lee is a fluent Korean, Mandarin and English speaker.
Clients describe Celia Lam as an equity-focused lawyer who is "knowledgeable in her area and very easy to speak with when we have any issues. She is willing to take calls, brainstorm and tell us the technical position." Peers also recognise her as a mainstay in the market. Recently, she advised Boyaa Interactive on its HKD986.5 million IPO and Rule 144A/Regulation S offering.
Chen Leiming is the head of the Hong Kong office, and is an ECM practitioner who clients remark is "very solid, responsive and commercially effective." He acted for Deutsche Bank Securities and Goldman Sachs as the underwriters on Qunar Cayman Islands' USD191.7 million US IPO and listing of ADS.
Peers say Christopher Wong is "very busy, and doing very well" in the ECM market. A recent example of his work is his representation of the underwriters of Honworld Group's USD115 million IPO.
Chris Lin is especially rated on the equity front. Clients report that "he is very knowledgeable," and peers note the depth of his experience. He has a focus on Taiwan-originated deals and in one example advised J.P. Morgan in connection with the USD850 million offering of global depositary shares by Fubon Financial Holding.
Jin-Hyuk Park is the head of the firm's Korean practice, and acts for underwriters and issuers primarily on ECM matters. Peers remark that "he is a top capital markets lawyer." He recently advised Hyundai Rotem on its USD585 million IPO.
Foreign Desks The highly regarded Korea desk collaborates closely with its newly opened Seoul office to provide bespoke US law advice on IPOs, secondary offerings and debt issuances. The team advised Merrill Lynch, HSBC, Citi Global Markets and BNP Paribas as underwriters on Hyundai Capital Services' floating note offering of USD500 million. Jin-Hyuk Park is the primary contact for the desk.
Jonathan Stone is the leader of the firm's Asia corporate team (excluding Japan), and is a celebrated all-round capital markets lawyer, advising on debt, equity and high-yield issues. He is not only known for his efforts in China, but is also active on matters across South and South-East Asia, with notable expertise in Indonesia, India and the Philippines. He recently advised Credit Suisse Securities as underwriter to Jaiprakash Power Ventures' USD175 million IPO.
Alec Tracy is not just highly admired for his ability in the ECM space, but his prowess at taking on high-yield matters is also very well regarded. He represented BNP Paribas Securities as the sponsor in China Metal Resources Utilization's HKD698.8 million global offering of shares.
Clients describe ECM lawyer Christopher Betts as being "commercial, flexible and reliable." He acted as issuer's counsel to Ourgame International on its USD107 million IPO.
Julie Gao is widely regarded as a superb ECM practitioner, with clients describing her as "very efficient and very fast" in her advice, and relying on her because "she can help to find solutions commercially." Lately, she acted as issuer's counsel on the USD766 million Weibo IPO.
Edward Lam's practice centres around high-yield debt matters. He advised HSBC, Deutsche Bank, Merrill Lynch and RBS as underwriters to Powerlong Real Estate Holdings' USD250 million 11.25% senior note offering.
Foreign Desks The Philippines desk in Hong Kong works effectively in tandem with its equivalent in Singapore to offer significant expertise on Philippines equity and debt work, including advising on high-yield matters. It recently acted for UBS and Citi Global Markets as the joint lead managers of a USD337 million secondary offering made by Melco Crown (Philippines) Resorts. Jonathan Stone is a key contact.
Benita Yu is known for her very solid equity practice. She recently advised the Hong Kong-incorporated subsidiary guarantors of Chalco Hong Kong Investment Company in its issue of USD400 million senior perpetual capital securities.
New addition John Moore is highly regarded for his US ECM expertise, and is seen as a significant new addition to the firm's capital markets offering.
Laurence Rudge is praised by peers for the depth of his knowledge in the DCM sphere. He recently acted for Swire Pacific in connection with the update of its subsidiary Swire Pacific MTN Financing's USD5 billion MTN programme.
Ng Kay Ian is highly regarded for his work on ECM matters, and is praised by clients for his inventive solutions. He is also described as "someone you can really do business with - a deal maker and a talented guy." He recently advised a syndicate of underwriters which included BOCOM International, Deutsche Bank and Goldman Sachs on Phoenix Healthcare Group’s USD206 million IPO.
William Chua is regarded by clients as a very solid equity practitioner, with a good grasp of corporate issues. In one notable example he acted for an underwriters' consortium which included China International Capital, Mizuho Securities, DBS Bank and Goldman Sachs on Alibaba's USD25.03 billion IPO.
ECM-focused Wei Chun is the Hong Kong office managing partner, and directs the firm's Asia strategy. She acts for both banks and issuers, and was recently underwriters' counsel to UBS and Deutsche Bank on Jingrui Holdings' IPO, a USD180 million deal.
Gwen Wong represents issuers and underwriters on equity matters throughout Greater China. She was part of the team which advised Standard Chartered Securities on its role as placement agent for a USD90.6 million share placement made by Frasers Property.
Melbourne-based Robert Chu has a wealth of experience in handling securities offerings and M&A-related matters. He was formerly based in Hong Kong and Beijing, and continues to have a focus on deals with a China element. For example, he was part of the team which advised Telstra, as a majority shareholder of China-based company Autohome, in the latter's AUD153 million IPO.
Michael Liu moved to Cadwalader, Wickersham & Taft LLP from Latham & Watkins in early 2015. He focuses his practice on ECM issuances, and has been active in this area for more than 20 years.
Jeffrey Maddox of Cadwalader, Wickersham & Taft LLP is "very knowledgeable and responsive," says one client. He is particularly noted for his expertise in ECM offerings, although he also works on debt deals.
Clients report that Stephen Mok of Eversheds' "understanding of Hong Kong regulators is very helpful in the IPO market." He acted for the global co-ordinator, Guotai Junan, on the HKD648 million Hong Kong IPO of China Creative Home Group.
Barbara Mok of Minter Ellison is noted by peers as being very reputable for and active on ECM deals, as well as for her skills in M&A. She is experienced at advising both investment banks and issuers. She was the lead partner on Carnival Group International Holdings' HKD440 million open offer.
Paul Boltz of Ropes & Gray LLP is "very knowledgeable, always understands the client's needs and provides timely advice." He has been particularly engaged on the equity front of late, and recently acted for Doll Capital Management and Sequoia Capital on the USD54.7 million secondary offering of their stakes in Vipshop Holdings.
Victoria Lloyd of Ropes & Gray LLP is focused on ECM work. She has been working in this area for over two decades, and is highly experienced acting on the underwriter side.
Voon Keat Lai is the managing partner of Stephenson Harwood's Greater China practice. He handles ECM offerings, including advising on IPOs and secondary offerings.
ECM lawyer Shirley Lau of Troutman Sanders LLP has an enviable base of loyal clients, according to interviewees. She acted as issuer's counsel on a HKD1.5 billion share placement made by Shenzhou International Group Holding.
Peers describe Carmelo Lee of Woo Kwan Lee & Lo as a "very good capital markets lawyer." He is best known for his equity work, and has nearly three decades' experience. He took the lead on assisting Hopewell Holdings and Hopewell Hong Kong Properties with a proposed spin-off, and global offering and listing of shares.
Shanghai-based Benjamin Kroymann of Squire Patton Boggs primarily focuses on Germany-China IPOs and secondary offerings, and recently advised Chinese car parts manufacturer JJ Auto on its joint Frankfurt and Warsaw stock exchange listings.