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Linklaters - London
  • Alexandra House
  • 10th Floor
  • 18 Chater Road
  • Hong Kong
  • Hong Kong
  • China
  • www. linklaters.com
  • Senior Partner: Robert Elliott
  • Managing Partner: Simon Davies
  • Global Head of Corporate: Jeremy Parr
  • Global Head of Finance & Projects: Jim Rice  
  • Global Head of Commercial: Arnaud de La Cotardière
  • Number of partners worldwide: 450
  • Number of lawyers worldwide: 2200
  • International Offices: Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin, Brussels, Dubai, Düsseldorf, Frankfurt, Hong Kong, Lisbon, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Rome, São Paulo, Seoul, Shanghai, Singapore, Stockholm, Tokyo, Warsaw, Washington DC

Firm Overview:
Linklaters LLP is a leading global law firm, supporting clients in achieving their strategies wherever they do business. The firm uses its expertise and resources to help clients pursue opportunities and manage risk across emerging and developed markets around the world.

Main Areas of Practice:

Comprehensive experience spanning the fields of banking and finance, including acquisition and leveraged finance, bilateral and syndicated credit facilities, financial structuring, high yield, real estate finance, trade and emerging markets finance, restructuring and insolvency and asset finance.

Capital Markets:
Expertise across international capital markets, covering: debt, equity, equity-linked, regulatory capital, liability management, high yield, RMB financings, derivatives and structured financings.

Expertise in competition law, merger control, state aid, public procurement, utility regulation, market investigations, cartels, abuse of dominance and any related litigation. Specialist lawyers in key jurisdictions in Europe, the USA and Asia.

Corporate & M&A:
Advice on finance and commercial transactions including complex cross-border mergers and acquisitions, major listings on stock exchanges around the world, joint ventures, restructuring and privatisations.

Corporate Tax:
Expertise across all tax aspects of corporate transactional (including private equity), finance (including structured finance), international tax planning, contentious, real estate and investment funds work.

Employment, Pensions & Incentives:
Global advice on all employment issues, pensions, for both trustees and companies, covering contentious, advisory and transactions and share plan, tax and legal advice including plan design and structure, tax (both individual and corporate), regulatory issues, trusts and data protection.

Employment & Incentives:
Global advice on all employment and incentives matters. Employment work includes regulatory investigations, restructurings and redundancies, governance, board/senior executive appointments, terminations, disputes, whistleblowing and discrimination issues. Global share plans expertise covers areas such as plan design and structure, corporate transactions, regulatory issues, governance, trusts and corporate/individual tax.

Energy & Infrastructure:
Advice across the resources sectors: oil and gas, petrochemical, power, renewables, mining projects, water, PPP/PFI projects - project financing, acquisitions, joint ventures, refinancing, funds, commodities trading and finance, hybrid and structured financing, regulatory advice and all other aspects of energy and infrastructure-related advice.

Environment & Climate Change:
Advice on all aspects of environmental and climate change regulation, carbon trading, sustainability and governance, the allocation of environmental assets and risks in M&A, project finance, funds and real estate, and regulatory and environmental dispute resolution.

Financial Regulation:
Advice on financial markets and their regulation for investment and commercial banks, international fund managers and private equity houses.

Expertise across all aspects of the insurance sector including M&A, joint ventures, rights issues, securitisations, demutualisations, complex capital markets transactions, reorganisations, portfolio transfers and regulatory.

Intellectual Property:
Expertise in contentious and non-contentious aspects of intellectual property rights.

Investment Management:
Global expertise advising sponsors, investors and service providers on all aspects of structuring, establishing, marketing and investing into private and listed investment funds and investment management arrangements across asset classes, including private equity, real estate, infrastructure, debt, hedge and other alternatives, asset managers and on the establishment, operation and transactions involving investment management businesses.

Litigation & Arbitration:
Dispute resolution services in a wide range of areas including litigation, arbitration, mediation and other forms of ADR. Sectors of experience include litigation in banking, competition and antitrust, derivatives and structured products, fraud and white-collar crime, insolvency, contentious tax, energy and infrastructure disputes, regulatory investigations, pensions, property and finance.

Advises both trustees and corporates on the full range of pensions issues, including tailored funding solutions, regulatory, governance and investment issues.

Private Equity:
Expertise in all aspects of the industry, from establishing the fund and making investments, to ongoing portfolio assistance including restructuring advice, to exiting from those investments.

Real Estate:
Expertise in all aspects of real estate sector work including: premium real estate investment, M&A, development and leasing advice, sale and leasebacks, joint ventures, real estate funds, financing and tax, real estate investment trusts, construction advice, planning/ zoning law, policy and practice, rent review and real estate-related disputes.

Restructuring & Insolvency:
Leading expertise across an exceptional spread of transactions covering a wide range of jurisdictions and complexities, including debt restructuring and rescheduling, equity capital raising and restructuring, distressed M&A activity, debtor advisory work, formal insolvency procedures and contingency planning and investigation, asset tracing and insolvency litigation.

Technology, Media & Telecommunications:
Expertise in commercial and regulatory advice on outsourcing; data protection; IT, e-commerce, telecoms, satellites, media and broadcasting. International Work: International work is handled in all commercial languages and local languages of countries in which Linklaters has offices.

Areas of Practice

  • Banking
  • Capital Markets
  • Competition/Antitrust
  • Corporate & M&A
  • Corporate Tax
  • Employment & Incentives
  • Environment & Climate Change
  • Financial Regulation
  • Insurance
  • Intellectual Property
  • Investment Management
  • Litigation & Arbitration
  • Pensions
  • Private Equity
  • Projects
  • Real Estate & Construction
  • Restructuring & Insolvency
  • Technology, Media & Telecommunications


  • One Silk Street,
  • London,
  • Greater London
  • UK
  • EC2Y 8HQ
  • Tel (020) 7456 2000
  • Fax (020) 7456 2222
  • DX 10 London City EC3
  • Website : www.linklaters.com

Banking & Finance - Asia-Pacific Region

What the team is known for Maintains its reputation as a pre-eminent force in the banking and finance markets across the Asia-Pacific region. Is much in demand for its strength in acquisition and leveraged finance. Has bolstered its presence in Australia and South-East Asia following its intergrated alliance with Allens.

Strengths (Quotes mainly from clients)
International capability: "They have got offices and a presence in different jurisdictions, so we will get answers when we have local legal issues."

Expertise: "They can provide us with appropriate advice based on a lot of experience on both the business and legal sides. They have especially wide expertise regarding overseas regulations."

Work highlights  Assisted a number of major international banks and financial institutions on a USD1.5 billion revolving credit facility to Reliance Industries, an Indian conglomerate company.

Advised Bright Food Group on the GBP1.2 billion acquisition of 60% of the share capital of Weetabix, which involved a refinancing of the existing acquisition debt.

Notable practitioners 

Philip Badge in Singapore is a key contact.

Significant clients  Industrial and Commercial Bank of China, Deutsche Bank, Standard Chartered Bank, HSBC, Nomura Capital Investment.

Capital Markets - Asia-Pacific Region

What the team is known for Dominant force in the market with exceptional strength in debt, equity, securitisation and work in derivatives and structured products. The firm utilises its international network to provide a truly regional offering, tackling work in China, Japan, Singapore, South Korea, India and Thailand.

Strengths (Quotes mainly from clients)
Bench strength: "We think Linklaters has more breadth and depth than most other firms. The team has several people who really know what they're talking about. They provide coherent advice and support throughout the project."

Regional capability: "Across the region they're a top firm for capital markets work. Consistent quality and a good work ethic; you can call up, and they always have the right people on deals."

Work highlights Acted for issuer PRC Ministry of Finance in a sovereign bond offering worth CNY23 billion. This was the largest ever offshore renminbi bond transaction and the first time the Ministry of Finance listed its sovereign debt on the Hong Kong stock exchange.

Advised the underwriters of Sony's USD1.85 billion zero coupon convertible bond offering, one of the largest equity-linked transactions in Asia.

Representing the joint sponsors and underwriters on Wison Engineering Investment's USD216 million Hong Kong listing.

Notable practitioners  

Andrew Malcolm is the head of debt and equity capital markets in China and is based in Hong Kong. Kevin Wong is head of the capital markets practice in Singapore. Liew Chin Chong leads the derivatives and structured products practice and Mary Matson is head of securitisation, both of whom are also based in the Hong Kong office.

Significant clients Sinochem, Caterpillar, Mitsubishi UFJ Securities Holdings, HSBC, Credit Suisse.

Corporate/M&A - Asia-Pacific Region

What the team is known for Enjoys top-notch reputation for corporate matters due to the fine co-ordination between its European and Asian offices. Acts for a broad range of clients that includes international banks, insurance companies and mining giants. Particularly notable for its representation of Chinese companies in significant cross-border acquisitions. Further commended for its private equity capability thanks to its strength in financing and capital markets.

Strengths (Quotes mainly from clients)
Commercial awareness: "I really thought they did a very good job: proactive and solution-oriented. It is easy for lawyers to just repeat what the law says, but they can look at it from a business angle and offer commercial solutions."

What's new? Stuart Bedford relocated back to the firm's Singapore office from Hong Kong.

Work highlights Represented Sumimoto Mitsui Banking in making a USD1.56 billion investment into Indonesian commercial bank Bank Tabungan Pensiunan Nasional.

Advised Minmetals Resources on purchasing Anvil Mining for USD1.3 billion.

Notable practitioners  

Head of global M&A Matthew Middleditch is a partner of the Hong Kong office. Hiroya Yamazaki is the main contact for Japan along with Hyung Ahn in South Korea.

Significant clients Rakuten, Jardine Matheson, Nippon Steel & Sumikin Metal Products, Standard Chartered Bank, RRJ Capital, Primavera.

Projects - Asia-Pacific Region

What the team is known for Active on a range of different projects globally involving Asian clients, with strong experience in representing project lenders. Its alliance with Allens has further strengthened its involvement in key jurisdictions such as Vietnam and Australia.

Strengths (Quotes mainly from clients)
Market reputation: "A solid pedigree on the project finance front."

Bench strength: "Very down-to-earth people doing very high-quality work."

What's new? Christopher Bradley relocated to the Singapore office from Tokyo.

Work highlights Acted for China Development Bank on the USD2.54 billion multi-sourced project financing for the Surgil gas-to-petrochemicals project. The Uzbekistan-based development is valued at USD4 billion.

Represented China Development Bank in its EUR350 million financing to a coal-fired mine-mouth power plant in Stanari, in Republika Srpska.

Notable practitioners  

Hong Kong-based regional managing partner Stuart Salt is highly regarded for his long experience in project finance, and praised for his "practical, commercial viewpoint." His recent work highlights include acting for the lenders on financing a greenfield refinery development in Gabon. 

Thomas Ng acts out of Beijing on a range of power projects located around the world. He recently acted for China Development Bank on the financing of a mine-mouth power project in Bosnia and Herzegovina. Sources say: "He has a good ability to conduct analysis and gives executive summaries very well." 

Significant clients BP, China Development Bank, Export-Import Bank of Korea, CNOOC.

Banking & Finance - China

The "very hands-on" Nathalie Hobbs is commended by international banking clients for her "ability to think a few steps ahead." She specialises in cross-border syndicated loans and structured and leveraged financing. Having been based in Paris for 19 years, she is particularly well placed to advise on transactions involving France.

Head of banking and projects in Asia, David Irvine represented the consortium of banks financing the USD688 million privatisation of hotel chain 7 Days Group. One impressed source says: "You do feel that David is looking out for his clients and is keen to build a strong relationship with them." 

Counsel Nicola Wong is recognised by clients for her strong drafting and negotiation skills. She offers general banking advice and assists with various types of structured finance transactions, including cross-jurisdictional syndicated loans.

Foreign Desks Linklaters' Hong Kong team continues to advise on a range of Korean financing transactions, working closely with colleagues in the recently opened Seoul office. The firm is frequently instructed by Korean sponsors and lenders on out-bound project financing, and is also noted for its structured and leveraged finance capabilities. David Irvine is a key contact for the practice.

Capital Markets - China

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.

Capital Markets - China

Chin-Chong Liew maintains an outstanding reputation amongst market sources for his derivatives and structured products work. He led the team advising a number of international banks in respect of the draft and final clearing rules and agreement in respect of the Shanghai Clearing House. According to one source, "he's very knowledgeable and accessible, and remains very empathetic to the client both in terms of the specific advice required as well as their overall expectations. He also ensures that client service is provided to a very high standard."  

Andrew Malcolm is the firm's Asia head for capital markets and a "very well-known and respected practitioner," according to sources. His work spans debt capital markets and derivatives, with recent highlights including advising BOCI Asia, China Development Bank Corporation, ABCI Capital and other financial institutions on China Guangdong Nuclear Power’s CNY1.5 billion bond issue. 

Counsel Mary Matson is regarded as a pioneer in the field of Asian securitisation with experience that includes South Korea. She is currently head of securitisation in the firm's Hong Kong office and is said by peers to be "fantastic to work with." She is highly experienced in credit card and trade-related receivables.

Victor Wan was promoted to partner in 2011, and has quickly established himself as an impressive figure in both securitisation and derivatives matters. One client remarked of him: "He is technically exceptional in terms of his legal capabilities and expertise. I'd also definitely describe him as a rising star; he is a phenomenally hard-working, client-conscious lawyer who has already amassed a huge amount of experience." He recently advised ING on its role as the swap issuer in a USD500 million securitisation for a Korean originator.

Counsel I-Ping Soong enters the rankings this year, having been recommended by clients as a lawyer who is "very knowledgeable on the derivatives side" and able "to suggest workable solutions." He was part of the team that advised the Hong Kong Stock Exchange on establishing a central counterparty for clearing OTC derivatives. 

Corporate/M&A - China

An "extremely versatile" adviser, Teresa Ma works with some of the biggest names in China on M&A and capital markets matters. She is also acknowledged for her depth of experience. She recently acted for Chinese food group Bright Food in its GBP1.2 billion acquisition of a majority interest in Weetabix Food.

Fang Jian is lauded as "one of the most prominent and active lawyers in this area." He recently advised Wuhan Iron & Steel on its acquisition of a tailored international blanks business from ThyssenKrupp, a transaction valued at EUR260 million. He often acts for major financial institutions.

Matthew Middleditch is credited as a leading practitioner for corporate and transactional matters, particularly in insurance and banking. Peers say that "he is held in high esteem by us in both Hong Kong and London."

Betty Yap is "well known and respected in the market," and active on Chinese and international transactions including M&A, foreign direct investment and private equity.

Christopher Kelly acts on a variety of transactions, but is particularly prominent in the natural resources sector, where he is lauded for possessing "great mining industry knowledge." Clients identify him as a "thoughtful, commercial and practical" lawyer.

Simon Poh impresses clients with his creativity in negotiation. He recently acted for Chengdu Tianqi Industry on its CAD848 million takeover of Talison Lithium.

"A distinguished counsel who helps to close deals," Peggy Wang is noted for her work on private equity and other major transactions. 

Peter Goes has maintained close links with Dutch clients since moving to Beijing. Recent work highlights include cross-border acquisitions and investments.

Foreign Desks The team in Hong Kong works closely with the firm's Seoul practice. It recently assisted Korean fashion and retail group E-Land on the USD170 million acquisition of K-Swiss, and advised a group of investors, led by Affinity Equity Partners, on the USD1.1 billion acquisition of a significant interest in South Korean insurance company Kyobo Life Insurance. Christopher Kelly has been involved in a number of South Korean transactions and is a key contact for clients.

Dispute Resolution - China

Marc Harvey heads the firm's global litigation practice from Hong Kong. He has experience across a wide spectrum of commercial litigation, with recent standout matters including leading on a number of high-value claims on behalf of Lehman Brothers International (Europe) against a common Korean counterparty. The largest of these claims was in the region of KRW353 billion. Interviewees consistently praise Harvey, with one stating: "I think he is exceptional, an outstanding litigator in all respects. He is pragmatic, very bright, gives you a sense of assurance in tough times, is always available and never panics under pressure."

Melvin Sng receives mandates from many of the firm's major financial institution clients. For example, he defended Ernst & Young in proceedings brought by the Securities & Futures Commission (SFC) concerning the production of working papers during a cross-border audit. He also has expertise in contentious financial services regulatory matters and insolvency litigation. One satisfied client described him as "user-friendly, efficient and knowledgeable."

London-based Michael Bennett is described by sources as "seriously very good," and a "clever, sensible counsel." He has experience across the full range of commercial litigation, as well as internal and regulatory investigations. He is qualified as a solicitor in Hong Kong, and practised in the firm's office there between 1998 and 2000. 

James Gardner was a partner in the firm's Hong Kong office between 2003 and 2007. He has strength in cross-border commercial litigation and regulatory investigations. Sources describe his greatest strength as being his commitment to client service, his intelligence and the fact he has an "extraordinary grasp of the complexities of the problems we've been trying to resolve," yet remains able "to recall them in simple and clear teams."

Gavin Lewis  garners praise for both his commercial disputes and regulatory compliance work. Sources report that he is "a stand-out solicitor who is both highly proficient at the law and excellent at strategy," also noting that he "has considerable common sense and is very agreeable to deal with." 

Dispute Resolution - China

This arbitration team has considerable sector expertise relating to financial institutions, energy, mining and industrials. Greater China head Marc Harvey is the main contact for all contentious issues. Newly promoted partner Jelita Pandjaitan's current caseload also features numerous arbitrations, including a matter on behalf of two subsidiaries of commercial forest plantation operator Emerald Plantation Holdings (formerly Sino-Forest Corporation).

Tom Lidstrom is now based in the London office after several years in Hong Kong. He has considerable experience in high-stakes arbitrations and continues to attract plaudits for the breadth of his commercial experience. He is fluent in English and Swedish.

Energy & Natural Resources - China

James Douglass recently acted for Rosneft in its Chinese joint venture with CNPC. Sources say he is "good at managing the whole team," and identify him for his work on transactions in the oil and gas space. He also has significant experience in project finance.

Commentators are impressed with Christopher Kelly's extensive knowledge of the mining industry and his ability to handle transactional work. He is qualified to practise in England and Wales, Australia and Hong Kong.

Projects - China

Eminent practitioner Stuart Salt is "always looking to move things forward" in a deal, according to sources. Based in Hong Kong, his practice covers all of Asia. He is particularly noted for work in Vietnam, where highlight matters includes acting for the sponsors to the Vung Ang II Thermal Power Project on its project financing.

James Douglass advises a range of clients on major international projects and transactions in the energy sector. Recent work includes advising China Development Bank on the USD2.54 billion project financing for an Uzbekistani petrochemical project. He is also highlighted for his work in Turkey.

Thomas Ng recently acted for Stategrid in relation to its acquisition of a significant interest in ElectraNet. He has also represented Chinese parties involved in major projects in Europe. Clients identify him as a reactive and analytical practitioner.

James McLaren is noted for his expertise in Mongolia, where clients praise his "great industry knowledge and understanding of client motivations." Recent work highlights include a raft of project financing, project development and transactional work in power and mining. Interviewees describe him as "responsive and commercially aware."  

Banking & Finance - South Korea

Linklaters recently established a presence on the ground in Seoul, though it has over 30 years' experience working in South Korea, and has built up strong relationships with blue-chip clients. Stephen Le Vesconte is a key contact for the banking and finance practice.

Foreign Desks This Hong Kong-based desk has a strong reputation for advising significant Korean clients on outbound investment and finance matters in the energy and infrastructure spheres. It recently acted as global counsel for the lenders, including the Export-Import Bank of Korea, on the USD1.4 billion multicurrency financing of the expansion of the Jorf Lasfar coal power plant in Morocco. 

Capital Markets - South Korea

Hyung Ahn heads the firm's Seoul office, and enjoys a solid reputation on cross-border capital markets matters. He recently advised the credit facility providers on Doosan Infracore's USD500 million issuance of senior capital securities. Clients report that he is highly commercially aware.

Associate Samantha Kim in Hong Kong is noted for her expertise on Korean capital markets deals. Her broad regional practice also includes M&A and project finance work.

Hong Kong associate Daniel Kwon is gaining a strong reputation in the capital markets field. Sources highlight that he is "technically skilled and proficient both at transaction management and at document drafting and everyday legal guidance." 

Mary Matson is based in Hong Kong where she heads up the securitisation team. She advises on the securitisation of assets such as commercial property, residential mortgages, and performing and non-performing loans in Korea, as well as elsewhere in Asia.

Foreign Desks The firm's Korea desk in Hong Kong continues to support clients wishing to access the Korean market. It has 30 years' experience in this jurisdiction, and many of the group's lawyers have previously worked for domestic Korean law firms. A highlight matter saw the team advise the dealers on the Korea Exchange Bank's issuance of USD 3.125% fixed rate notes. Hyung Ahn in Seoul is a key contact.

Corporate/M&A - South Korea

Foreign Desks This firm has a long history of assisting Korean companies, traditionally from its Hong Kong-based Korea desk. It now works in conjunction with the firm's new Seoul office, which was established in May 2013. The team advises international clients investing into Korea as well as on outbound investments, and has been particularly active of late representing private equity houses. A key point of contact is counsel Kyungseok Kim.