Leading Associates

Firms To Watch: Banking and finance

Counting local, regional and international banks among its key roster of clients, as well as deposit-taking companies and licensed money lenders, Wilkinson & Grist handles contentious banking mandates and loan transactions.

Banking and finance in Hong Kong

A&O Shearman

A&O Shearman houses a well-established banking and finance practice, advising on matters concerning structured financings, syndicated loan transactions, and receivables financing. Praised as ‘the guru in the fund finance market’, Patrick Wong counts international banks, Chinese financial institutions, and other alternative credit providers and corporates among his key roster of clients. Practice leader Roger Lui advises on cross-border financing transactions and Vicki Liu acts for borrowers and lenders throughout the APAC region, in addition to representing banks and funds on structured debt financing mandates. Other key contacts in the group include Cindy Lo and Daniel Tan.

Responsables de la pratique:

Roger Lui


Autres avocats clés:

Patrick Wong; Vicki Liu; Cindy Lo; Daniel Tan; Welber Yim


Les références

‘Roger Liu has been outstanding.’

‘A&O has been the forerunner on leveraging technology and AI to improve work efficiency.’

‘Patrick Wong is definitely the guru in the fund finance market. He gives excellent advice to lenders in the transaction and he is very committed to deliver high quality service to clients while staying pragmatic and holding up the standard in the industry.’

Principaux clients

ESR Group Limited


CMB Wing Lung Bank Limited


Sumitomo Mitsui Banking Corporation


Standard Chartered Bank


HSBC


China Construction Bank


Gaw Capital


China CITIC Bank International


China CITIC Bank


China Development Bank


Principaux dossiers


  • Advised ESR and Chinachem Group on a HKD8.8 billion limited recourse green loan to their joint venture to develop and operate a prime cold storage and logistics facility in Kwai Chung.
  • Advised the syndicated lenders in a USD1.2 billion sustainability-linked syndicated corporate term loan facility to China Solar Energy Investment Limited.
  • Advised DBS Bank Ltd., Hong Kong Branchas lender and green loan advisor on a green loan facility to help CSAIL Renewable Energy Investment Ltd (“C-SAIL”) refinance its overseas renewable energy projects.

Clifford Chance

Clifford Chance acts for a broad range of clients, from foreign investment banks, Chinese banks and private equity sponsors to credit funds and corporates, on high-profile banking and finance matters, including acquisition finance and loan facilities agreements. The group is well placed to utilise its global network to advise on cross-border financings across the APAC region. Anthony Wang and Matthew Truman jointly lead the group and are key contacts for the group’s syndicated lending mandates, while Michael Pallaras, who was promoted to partner in May 2024, handles acquisition finance matters, in addition to real estate and development finance work. Other key members of the team include managing partner Dauwood Malik, Maggie Lo and Vicky Ma, whose 'truly versatile skillset helps clients navigate and resolve complex issues effectively’.

Responsables de la pratique:

Anthony Wang; Matthew Truman


Autres avocats clés:

Dauwood Malik; Maggie Lo; Vicky Ma; Edith Leung; Charlotte Leung; Michael Pallaras


Les références

‘A strong team from partners to associates. Impressive legal and commercial acumen, especially in drafting.’

‘Edith Leung is exceptional in her professionalism and efficiency. Constantly on top of market trends and critically, is able to read between the lines to help facilitate smooth commercial outcomes.’

‘CC has strong experience in cross-border transactions.’

Principaux clients

Asian Infrastructure Investment Bank


Banco Santander, S.A


Bank of China


BlackRock


Carlyle Group Inc


Credit Suisse


CVC Capital Partners


Health and Happiness (H&H) International Holdings Limited


Hillhouse Investment


Hong Kong Broadband Network Limited


ING


NWS Holdings Limited (NWS)


PAG Asia Capital (HK) Limited


Silver Point Finance


The Executive Company Limited


Wynn Resorts


Principaux dossiers


  • Advised a syndicate of international banks, led by Bank of China and ING as initial mandated lead arrangers, on the international aspects of its approximately $3.9bln financing for the development of a nationwide 4G and 5G telecommunications network in the Philippines by Dito Telecommunity Corporation (Dito).
  • Advising Wynn Resorts in connection with the development of a multi-billion dollar integrated resort on Ras Al Khaimah’s Al Marjan Island.
  • Advised BOC Macau and the lender group on the acquisition finance for the privatisation of Vinda International Holdings Limited by Isola Castle Ltd, a member of the Royal Golden Eagle Group, by way of pre-conditional voluntary conditional cash offer.

Linklaters

Acting for both borrowers and lenders, Linklaters showcases demonstrable expertise across the full spectrum of banking products, from structured lending and private credit transactions, acquisitions and leveraged finance to bilateral and syndicated corporate lending, special situations and distressed financing. Practice leader Frank Cui stands out for his expertise in leveraged finance and syndicated financing mandates, Maggie Ng advises domestic and foreign clients on structured lending, acquisition finance and special situation financing transactions. Alessandro Nolet counts regional and international banks, as well as credit funds, among his key roster of clients.

Responsables de la pratique:

Frank Cui


Autres avocats clés:

Maggie Ng; Alessandro Nolet; Bernard Chain; Bernard Ng


Les références

‘Linklaters is one of the most experienced firms for banking and finance in Hong Kong and the Greater China region. They have a very good mixture of international and local PRC lawyers who can provide advice on matters ranging from syndicated loans to highly complex sponsored trades and leverage deals.’

‘Bernard Chain and Maggie Ng are the market leaders in banking and finance for the Greater China region.’

‘Linklaters understands the financing conditions and requirements of private equity funds and is also familiar with bank risk considerations.’

White & Case

Praised as ‘commercial, practical and efficient’, the ‘excellent team’ at White & Case acts for lenders, sponsors and borrowers on big-ticket, cross-border transactions across Greater China and the wider APAC region. ‘Top notchEugene Man leads the team and maintains a strong track record in structured private debt and credit financing mandates, in addition to leveraged finance matters in Greater China. Baldwin Cheng counts private equity funds among his key roster of clients, and Clara Shirota, who splits her time between the firm's Hong Kong and Tokyo, advises on deals concerning leveraged acquisition and take-private finance, refinancings, dividend recapitalisations and restructurings, debt buy-backs and bank/bond transactions. Sabrina Lee is another key contact in the group.

Responsables de la pratique:

Eugene Man


Autres avocats clés:

Baldwin Cheng; Clara Shirota; Sabrina Lee


Les références

‘Excellent team. Commercial, practical and efficient.’

‘Eugene Man is top notch. Swift to act, quick to come up with solutions and reach a good outcome for both parties.’

‘One of the best teams in the market. Technically excellent. Responsive, commercial, super-helpful and has a great bench. First rate in all respects.’

Principaux clients

Advent International


Asian Development Bank


Barclays Bank


BDO Unibank


BNP Paribas


Brookfield Asset Management


Carlyle


CBC Group


Citigroup


CMOC Group Limited


Deutsche Bank


Dignari Capital Partners (HK) Limited


DigitalBridge GroupE. Sun Commercial Bank


First Abu Dhabi Bank PJSC


Gaw Capital Partners


ICBC International Finance Limited


International Finance Corporation


Oaktree Capital Management


RRJ Capital


TA Associates


TPG Capital


Baker McKenzie

Counting lenders and borrowers among its key roster of clients, Baker McKenzie is noted for its expertise in matters concerning leveraged finance, fund finance and private credit, and is complemented by the firm’s wider aviation finance and real estate finance groups. An expert in aircraft financing, Andrew Lockhart leads the group and Kenneth Ching acts for banks, alternative capital providers, private equity sponsors and corporate borrowers on a range of cross-border financing transactions. Sally Hung maintains a stellar reputation acting for lenders on structured financings, PRC-related financing, real estate financings and large cap syndicated financings.

Responsables de la pratique:

Andrew Lockhart


Autres avocats clés:

Kenneth Ching; Sally Hung


Les références

‘Appropriate staffing with a good level of partner engagement throughout the execution process.’

‘Kenneth Ching is well versed in general banking, leveraged and fund finance matters. They are pragmatic in approach and very easy to deal with.’

‘The team is experienced in cross-border debt financings and has a good understanding of the requirements of both state-owned enterprises and privately-owned enterprises of Chinese corporates. As the Hong Kong or English law counsel, Baker McKenzie is also familiar with PRC or other overseas financing structures and security arrangements and thus able to provide one-stop and timely financing solutions to all parties.’

Principaux clients

China CITIC Bank International Limited


China Lesso Finance Limited


CNCB (Hong Kong) Investment Limited


Securities and Futures Commission


Standard Chartered Bank (Hong Kong) Limited


The Hongkong and Shanghai Banking Corporation Limited (HSBC)


Principaux dossiers


  • Advised a syndicate of 15 lenders in the debut syndicated loan financing to New Development Bank (NDB).
  • Advised China Lesso as borrower’s counsel in light of recent regulatory changes for PRC enterprises to borrow any medium to long-term foreign debts under the National Development and Reform Commission of the People’s Republic of China (NDRC) Order 56.
  • Acted for CNCB (Hong Kong) Investment Limited in an up to $100m to VNET, a data centre service provider listed on NASDAQ with its principal place of business in China.

DLA Piper

DLA Piper showcases demonstrable experience advising lenders on financing matters, particularly project financing, with acquisition finance forming a cornerstone of the practice and frequently called upon by its diverse client roster featuring banks, investment funds and corporate borrowers. Splitting his time between the firm’s Hong Kong and Singapore offices, ‘highly experienced’ Matthias Schemuth leads the practice alongside Paul Lee, who advises on syndicated loans, structured lending and cross-border financings, in addition to acquisition finance, and Trinh Hoang, who handles special situations financing mandates.

Responsables de la pratique:

Paul Lee; Matthias Schemuth; Trinh Hoang


Les références

‘Strong technical knowledge and expertise, good response times and competitive fees.’

‘Matthias Schemuth is highly experienced with good knowledge of the Asia market, approachable and good response times.’

Principaux clients

Bank of China (Hong Kong) Limited


CMB Wing Lung Bank Limited


Asian Development Bank


Natixis Investment Managers International Hong Kong Limited, Sunlife Insurance and Fubon Bank


DZ Bank AG


Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)


Rabobank


Sumitomo Mitsui Trust Bank


UOB


Hutchison/CKH Holdings


UniCredit


Digital Edge


DBS Bank (Hong Kong) Limited


Societe Generale


Australia and New Zealand Banking Group Limited


Mashreqbank PSC


DZ Bank


Principaux dossiers


  • Advised Bank of China (Hong Kong) Limited as agent and lender and five other lenders on a transferable syndicated term loan facility to ND Paper Malaysia (Selangor) Sdn. Bhd. and guaranteed by Nine Dragons Paper (Holdings) Limited.
  • Advised Digital Edge in relation to a secured acquisition financing involving a revolving credit facility and a working capital facility of up to $150 million to finance the acquisition of the remaining 33% shareholding in PT Indointernet Tbk.
  • Advising ADB as lender on the ESG financing for the operation of a modern pig breeding stock farm owned by Chongqing Tianzow Animal Husbandry Technology, a wholly owned subsidiary of Sichuan Tianzow, one of the largest pig breeding stock multiplier companies in the PRC.

Kirkland & Ellis

Counting private equity sponsors, corporate borrowers and credit funds among its key roster of clients, Kirkland & Ellis maintains a robust practice in debt financing, including leveraged and acquisition financing mandates. Manas Chandrashekar and Jacqueline Zheng jointly lead the practice; Chandrashekar advises on acquisition and structured financing matters across the APAC region, while acquisition finance expert Zheng focuses on onshore and offshore acquisition deals in Greater China. Karen Ho, who acts for private equity sponsors on cross-border leveraged finance transactions, is another key contact in the group.

Responsables de la pratique:

Manas Chandrashekar; Jacqueline Zheng


Autres avocats clés:

Karen Ho


Principaux clients

Bain Capital Private Equity


KKR


The Carlyle Group


Advent International


EQT


Quadria Capital


PAG


Kedaara Capital


Warburg Pincus


Affiliates of LOGOS Property


Platinum Equity


Apax


Blackstone


Principaux dossiers


  • Advising a buyer consortium led by Bain Capital as transaction counsel to certain affiliates of Bain Capital on the $3.16bn take-private of Chindata Group Holdings Limited.
  • Advising Bain Capital Private Equity on its equity investment in EcoCeres, Inc., an Asia-based innovative biorefinery company with world-leading R&D capabilities.
  • Advising EQT on the debt financing for its approximately $1.25 bn acquisition of Florida based sports education institution, IMG Academy, representing a first-of-a-kind transaction where an Asian bank financing was used to fund a U.S. acquisition with no immediate nexus to Asia.

Latham & Watkins LLP

Latham & Watkins LLP’s roster of private equity clients benefit from the firm’s expertise in bank financings, securities offerings, bridge lending, preferred equity financings and mezzanine financings. The practice is also well placed to leverage the experience of its team in Greater China to advise Asian and international lenders on structured margin loan transactions. Practicer leader Andrew Bishop splits his time between the firm’s Hong Kong and Singapore offices, and showcases standout expertise in leveraged finance, as does Howard Lam, whose workload includes leveraged buy-outs, corporate acquisition financings, China onshore and offshore financing, margin loans and bridge financing mandates.

Responsables de la pratique:

Andrew Bishop


Autres avocats clés:

Howard Lam; Ruonan Duan; Lynsey Edgar


Principaux clients

Global Infrastructure Partners (GIP)


IKS Health


CVC


I Squared Capital


Goldman Sachs Asset Management


KKR


Principaux dossiers


  • Advised Global Infrastructure Partners (GIP) on a term loan facility in connection with GIP’s acquisition of Tower Vision India Private Limited.
  • Advised IKS Health on a financing for the acquisition of AQuity Holdings, a leading tech-enabled provider of medical transcription, coding and scribing services in the healthcare sector.
  • Advised CVC Asia Pacific on the acquisition of a majority stake in Professional Services, Inc., a Philippines-based network of private hospitals and clinics.

Mayer Brown

Well placed to leverage its international network, Mayer Brown’s workload includes a broad range of loan types, including sustainability financing and fund financing, with additional experience advising international banks on lending matters. Counting Chinese companies among its key roster of clients, the team is also noted for its expertise in syndicated financing. Richard Stock leads the practice, and is ably supported by Doos Choi, who advises on multi-jurisdictional, multi-tiered, full and limited recourse financings.

Responsables de la pratique:

Richard Stock


Autres avocats clés:

Doos Choi; Ester Chow


Les références

‘The team is well structured in terms of resources and there is partner involvement on most if not all cases.’

‘The team is very good at providing solutions tailored for different scenarios.’

‘They are well versed in Hong Kong and cross-border PRC deals and are able to provide the best-in-class legal advice on syndicated loan financing.’

Principaux dossiers


Milbank

Praised for its ‘outstanding commercial and problem solving skills, paired with an unparalleled knowledge of the market and great technical knowledge’, Milbank showcases demonstrable experience in leveraged finance, structured and acquisition finance matters. Practice leader Davide Mencacci is ‘the go-to contact for leveraged finance deals in Asia’, while John Bona has experience across the range of sponsor-backed finance products. Daniele Sutto, who assists international banks, alternative credit providers and financial sponsors on cross-border financing transactions.

Responsables de la pratique:

Davide Mencacci


Autres avocats clés:

John Bona; Daniele Sutto


Les références

‘Milbank team is a top banking and finance team in Hong Kong and APAC in general. Outstanding commercial and problem solving skills, paired with an unparalleled knowledge of the market and great technical skills.’

‘Davide Mencacci is the go-to contact for leveraged finance deals in Asia. He has extensive experience in complex structures and knows the market inside out.’

‘John Bona is highly experienced, knowledgeable and with a great commercial approach.’

Principaux clients

Permira


BPEA EQT (formerly Barings Private Equity Asia and EQT Asia)


CVC


Carlyle


Hillhouse and Hillhouse Credit


KKR and KKR Credit


PAG


Goldman Sachs (IBD and MBD/AWM)


HSBC


Canada Pension Plan Investment Board (CPPIB)


Keppel Credit Fund Management (formerly Pierfront Capital)


Digital Edge (a Stonepeak fund)


BNP Paribas


Deutsche Bank


Nomura


Platinum Equity


TPG


EIG Partners


Blackstone


HPS


Norton Rose Fulbright

Counting banks and non-bank lenders, borrowers and sponsors among its key roster of clients, Norton Rose Fulbright advises on refinancing mandates, leveraged finance transactions and acquisition finance, in addition to structured finance and ESG matters. Victor Sim leads the practice and handles cross-border financings involving China and Hong Kong, while Alvin Wong advises on domestic and multi-jurisdictional bilateral and syndicated debt financing deals. Peter Haslam remains a key contact in the team.

Responsables de la pratique:

Victor Sim


Autres avocats clés:

Alvin Wong; Rex Chan; Peter Haslam


Les références

‘Alvin Wong is an experienced and reliable counsel in the banking and finance sector. He provides effective commercial advice within our budget constraints and timelines without fail.’

Principaux clients

Abax Global Capital


Bank of China (Hong Kong) Limited


Bank of Communications Co., Ltd. Hong Kong Branch


China CITIC Bank International Limited (CNCBI)


CMB International Securities


DBS


Hang Seng Bank


HSBC


ICBC (Asia), ICBC International Finance


MUFG


Nanyang Commercial Bank


OCBC Bank (Hong Kong) Limited


Silver Dragon Water Supply Group


Standard Chartered Bank


Principaux dossiers


  • Advised Abax Global Capital on a green term loan facility plus warrant financing to Cornerstone Technologies Holding.
  • Advised Bank of China (Hong Kong) on a HK$9.6 billion term and revolving to HHP Finance Limited for partially refinancing of HK$25.2 billion term and revolving loan facilities secured by Hopewell Centre.
  • Advised a Chinese investment bank on multiple margin finance facilities supported by ADRs listed on the NYSE.

Ashurst

Praised for its ‘solid technical expertise, high efficiency in transaction management, professionalism and patience’, Ashurst acts for banks, non-profit financial institutions and major private equity houses on a range of mandates, from project financing and acquisition finance to ESG financing. Practice leader Patrick Phua stands out for his expertise in outbound financing and cross-border financing transactions, while Eric Tan specialises in leveraged buyout and acquisition finance, in addition to cross-border lending, real estate finance and structured finance

Responsables de la pratique:

Patrick Phua


Autres avocats clés:

Aaron Kwong; Eric Tan


Les références

‘Ashurst’s banking and finance team is efficient, technically competent and has excellent partner standards.’

‘Eric Tan is knowledgeable, has strong communication skills and is highly professional.

‘Aaron Kwong has a good customer service attitude and outstanding professional skills.’

Principaux clients

Standard Chartered Bank


BNP Paribas


DBS Bank


Bank of China


ICBC International Holdings Limited


Hang Seng Bank


The Industrial Bank Co., Ltd.


HSBC


UBS


Rabobank


OCBC Bank


Cooperatieve Rabobank


Natixis


Haitong Securities International Company Limited


Charoen Pokphand Group


Principaux dossiers


  • Acted as lead counsel to the syndicate of international and regional banks led by Standard Chartered Bank for Tian Lun Gas Holdings Limited’s multi-currency sustainability linked facilities.
  • Acted for BNP Paribas and UOB in respect of a $230m cross border facility to Eastern Steel Sdn. Bhd. for the purpose of financing payments under a turnkey commercial contract.
  • Acted for Haitong International on structured loan sale and put back arrangement involving a $700M HKD to the Super Brilliant Group.

Dechert

The team at Dechert acts for lenders, borrowers, private equity sponsors and corporates across a broad range of debt finance products, including leveraged and structured finance mandates, and showcases demonstrable expertise in sponsor side leveraged financings. Practice leader Daniel Margulies counts domestic and international credit funds among his key roster of clients, while Yang Zhao assists on the gamut of the practice’s financing structures.

Responsables de la pratique:

Daniel Margulies


Autres avocats clés:

Yang Zhao


Principaux clients

Alvotech


Ares Management Limited


Eversheds Sutherland

Praised for its ‘deep expertise, extensive industry experience and excellent client service’, members of the team at Eversheds Sutherland ‘excel in handling complex finance transactions’, with demonstrable experience advising funds and corporates debt financing mandates, in addition to international bilateral and syndicated lending matters. Michael Yau leads the team and focuses on trade finance mandates, while Samuel Chau, who is commended as an ‘experienced and reliable partner’, focuses on debt finance work, from syndicated lending, real estate finance to acquisition and leveraged finance.

Responsables de la pratique:

Michael Yau


Autres avocats clés:

Samuel Chau; Stephanie Wong


Les références

‘Professional, knowledgeable and experienced.’

‘Eversheds has an exceptional banking and finance team, which always provides clients with efficient and expert legal services.’

‘Samuel Chau leads his team effectively, providing clients with excellent legal advice in the most efficient manner. They always have a good combination of staff on the team to handle tasks of different complications and therefore maximise the cost benefit of the team which, in modern ages of legal services, has become important in law firm management. ’

Principaux clients

Ampd Energy


China Vanke


SEA Holdings Limited


Hongkong and Shanghai Banking Corporation Limited


Hang Seng Bank Limited


Bank of Communications


Bank of China (Hong Kong)


Multinational Bank


DBS Bank


Banco Santander


CMB Wing Lung Bank


OCBC Bank


Agricultural Bank of China


China CITIC Bank International


Sumitomo Mitsui Banking Corporation


Gibson Dunn

Counting private equity houses and their portfolio companies, credit funds and asset managers among its key roster of clients, Gibson Dunn is noted for its expertise in restructurings, syndicated loans and fund financing mandates. Practice leader Daniel Abercromby advises on leveraged and acquisition financings, direct lending transactions and special situations investments, and is ably supported by Stephen Hui, who assists with cross-border financings.

Responsables de la pratique:

Daniel Abercromby


Autres avocats clés:

Stephen Hui


Principaux dossiers


King & Wood Mallesons

Clients turn to the 'professional, responsible and dedicated’ team at King & Wood Mallesons for advice on cross-border financings, in addition to major loan facility matters and syndicated loans. The practice is led by Richard Mazzochi, an experienced finance lawyer whose expertise extends to subscription finance, ESG-related issues and carbon trading in Asia. David Lam’s strength lies in cross-border lending involving China, while Jessica Zhou handles a range of loan financing matters.

Responsables de la pratique:

Richard Mazzochi


Autres avocats clés:

David Lam; Jessica Zhou


Les références

‘David Lam and Jessica Zhou are key to the banking and finance practice in the office. They lead an experienced team to provide clients with excellent legal advice, very often with essential knowledge of the PRC market and PRC clients. Their team excels particularly in understanding issues involving complex PRC issues and provides clients with legal solutions to commercial problems.’

‘Strong and solid ties with their China practice makes it very convenient to gain insight on China market trends and practices.’

‘David Lam is great to work with and provides legal advice that is both professional and pragmatic.’

Principaux clients

The Hongkong and Shanghai Banking Corporation Limited and Citigroup Global Markets Asia Limited.


Deutsche Investitions und Entwicklungsgesellschaft, a German development finance institution and a subsidiary of German credit agency KfW.


Macquarie Real Estate Partners SCSp, MREP UK AIV SCSp, Macquarie Real Estate Management (Australia) Limited as trustee for MREP AI AIV Shared Asset Trust and Macquarie Real Estate Management (Australia) Limited as trustee for MREP FI AIV Shared Asset Trust.


DBS Bank (Hong Kong) Limited.


Ping An Bank Co., Ltd.


Standard Chartered Bank (Hong Kong) Limited.


GF Holdings (Hong Kong) Corporation Limited.


China CITIC Bank International Limited.


Principaux dossiers


  • Acted for Deutsche Investitions und Entwicklungsgesellschaft as mandated lead arranger in a cross-border loan to finance projects to increase access to fresh water in rural areas, reduce water waste and increase energy efficiency.
  • Assisted multiple banks with providing Hong Kong University with over $5 billion HKD funding.
  • Advised Standard Chartered Bank (Hong Kong) Limited in relation to a total of €350m facility to Inalfa Roof Systems Group B.V. for the refinancing of existing financial indebtedness, its general corporate needs and, in respect of the green loan tranche, financing or refinancing its investment in green projects.

Sidley Austin

Noted for its expertise across the life sciences, real estate, energy and retail sectors, Sidley Austin provides representation to borrowers and handles hybrid fund financing and debt financing mandates, with additional experience in sustainable bonds. Practice leader Olivia Ngan acts for Chinese borrowers and lenders, boasting demonstrable expertise in credit finance transactions in China. Ngan is ably supported by Alan Wong, who focuses on direct lending by funds, structured lending, acquisition finance, and real estate finance.

Responsables de la pratique:

Olivia Ngan


Autres avocats clés:

Alan Wong


Principaux clients

R-Bridge Healthcare Fund


CBC Group


Shimao Group Holdings Limited


China Oil And Gas Group Limited


Golden Eagle Retail Group Limited


Country Garden Holdings Company Limited


Agile Group Holdings Limited


Principaux dossiers


  • Advised R-Bridge Healthcare Fund (RBF) on a US$120 million “hybrid” fund financing granted by Natixis Corporate & Investment Banking through its Hong Kong branch and Mashreqbank PSC.
  • Represented Shimao Group Holdings Limited (Shimao Group) and its subsidiary Brand Rise Limited, as borrower, in the successful restructuring of its original $4.5 billion HKD project loan facilities in respect of the Four Points by Sheraton Hong Kong, Tung Chung Hotel.
  • Represented China Oil and Gas Group Limited in the successful closing of its $300 million sustainability-linked term loan facility, funded by eight international banks and arranged by China CITIC Bank International Limited and Ping An Bank Co., Ltd., as joint mandated lead arrangers, bookrunners, and underwriters.

Simpson Thacher & Bartlett Hong Kong

Well placed to collaborate with the firm’s office in Tokyo, Simpson Thacher & Bartlett Hong Kong counts private equity and corporate borrowers among its key roster of clients, showcasing demonstrable experience in acquisition financings, real estate financings and back-leverage transactions, in addition to fund finance mandates. Makiko Harunari leads the team and acts for funds, financial sponsors and corporate borrowers on cross-border financing transactions.

Responsables de la pratique:

Makiko Harunari


Autres avocats clés:

Alvin Kwong


Principaux clients

KKR & Co. Inc.


The Blackstone Group


Primavera Capital Group


Principaux dossiers


  • Advised KKR (with Gaw Capital) in connection with the financing related to the acquisition of Hyatt Regency Tokyo.

Slaughter and May

Slaughter and May acts for its client roster of borrowers and lenders on a range of banking and finance matters, from syndicated loans, acquisition financings and leveraged financings to project financings and real estate finance mandates, with notable expertise in sustainable financing transactions. The team also maintains a strong relationship with key Hong Kong financial market regulators. Lisa Chung leads the practice and stands out for her experience in sustainable financings and investments.

Responsables de la pratique:

Lisa Chung


Autres avocats clés:

Jocelyn Poon


Les références

‘Beyond their great working capacity, they have the unique knowledge to find solutions.’

‘Capacity to summarise complex situations.’

‘The Slaughter and May finance team, led by Lisa Chung, is extremely competent and professional. They always look at things from a fresh perspective and are not afraid to challenge market conventions, which is great for borrowers.’

Principaux clients

Oversea-Chinese Banking Corporation Limited


Principaux dossiers


  • Advised OCBC on its HK$1.3 billion sustainability-linked dual-currency fixed rate loan facility (SLL) to the Shangri-La Asia group.
  • Advising OCBC on its HK$980 million SLL to the Kerry Logistics Network group.

Charltons

Led by Julia Charlton, the team at Charltons advises its roster of Hong Kong and PRC clients on domestic and cross-border financing transactions, in addition to regulatory matters and IPOs. Its varied practice also extends to hybrid fund financings and private equity financings, with additional experience in handling fintech, blockchain and metaverse-related mandates.

Responsables de la pratique:

Julia Charlton


Autres avocats clés:

Clinton Morrow


Principaux clients

Alliance Capital Partners Limited


Crowell & Moring LLP


Dah Sing Bank


Debevoise & Plimpton LLP


Dongxing Securities (Hong Kong) Company Limited


Grandall Law Firm (Beijing)


Halcyon Capital Limited


JC Master Law Offices


Macfarlanes LLP


Mishcon de Reya LLP


Shandong Xinhua Pharmaceutical Co Ltd


Somerley Capital Limited


White & Case LLP


Wing On Company International Limited


Yoho Group Holding Limited


Deacons

Counting international and local banks and other financial institutions, corporates and asset managers among its key roster of clients, Deacons advises on matters concerning corporate lending and cross-border syndicated and bilateral loans, in addition to acquisition financing and real estate financing. Ronny Chow, Erica Wong, and Teresa Lau collectively lead the team. Simon Deane is a key name to note for regulatory matters in the financial services sector. Since publication, the team welcomed Michael Sinn and Crystal Li, both joined from Reed Smith Richards Butler LLP in February 2025.

Responsables de la pratique:

Ronny Chow; Erica Wong; Teresa Lau


Autres avocats clés:

Simon Deane; Michael Sinn; Crystal Li


Les références

‘Good partners who are easily accessible.’

Hogan Lovells

Operating across Greater China, Hogan Lovells fields a ‘a very strong team for cross-border banking and financing matters for private credit lenders’, and is well versed in special situations matters. Practice leader Owen Chan counts global financial services, private equity funds, and multinational companies among his key roster of clients, while Jenny Yim is a financing expert and is praised for her ‘pragmatic and clear advice’.

Responsables de la pratique:

Owen Chan


Autres avocats clés:

Jenny Yim; Shantay Cong; Derrick Lau


Les références

‘Owen Chan and Derrick Lau anchor a very strong team for Greater China and cross-border banking and financing matters for private credit lenders. Their wealth of experience in local markets makes them stand out in Hong Kong.’

‘Provided solid advice without a flaw.’

‘Fast turnaround, know what client wants and think from client’s perspective. Trustworthy.’

Principaux clients

The Adhoc Group of Bondholders and Madison Pacific Trust Limited


Oaktree Capital Management


Principaux dossiers


  • Advised MPTL who were instructed by an ad-hoc group of noteholders on commencing an action against Yestar Healthcare Holdings Company Limited, a company listed on The Stock Exchange of Hong Kong for breaches and anticipatory breaches of an indenture (governed by New York law) pursuant to which US$197,864,523 9.5% Singapore listed senior notes were issued by Yestar.
  • Advising Oaktree on a secured senior term loan facility over $7.6 billion HKD (approximately US$950 million) extended to GT for the purpose of refinancing in order to complete the construction of Grand Homm, a luxury development in Ho Man Tin.

Ince & Co

Ince & Co showcases demonstrable expertise in property-related financings, in addition to building and construction loans. Eric Lui leads the team, leveraging his experience as the senior legal adviser of the Bank of China. The group focuses on corporate banking, with large banks in Hong Kong often turning to the group for advice on loan facility matters.

Responsables de la pratique:

Eric Lui


Principaux clients

Bank of China (Hong Kong) Limited


Bank of Communications (Hong Kong) Limited


China Construction Bank (Asia) Corporation Limited


China Everbright Bank Co., Ltd.


CTBC Bank Co., Ltd.


O-Bank Co., Ltd.


Ping An Bank Co., Ltd


The Bank of East Asia (China) Limited


Principaux dossiers


  • Advised Bank of Communications (Hong Kong) Limited on the granting of banking facilities in an aggregate amount of up to HK$397m to a property developer for the construction and development of a commercial building in Kowloon, Hong Kong.

Minter Ellison

Minter Ellison’s banking and finance practice, which sits within the firm’s wider capital markets and corporate practice, regularly acts for subsidiaries of Chinese banks, as well as international investment banks and other financial institutions. Practice leader George Tong’s strength in debt financing is emblematic of the group’s specialism in debt and equity financing transactions, with additional experience in fundraising mandates, particularly the refinancing of loan facilities.

Responsables de la pratique:

George Tong


Principaux clients

EVA Precision Industrial Holdings Limited


Paul Hastings LLP

Paul Hastings LLP often collaborates with the firm’s network of offices in Beijing and Shanghai, and represents both lenders and borrowers on capital market raisings and loan financings, with additional expertise in real estate financing, project financing and leveraged financing matters. Corporate partner Raymond Li jointly leads the team alongside James Ma, who is noted for his experience in the energy and infrastructure sectors.

Responsables de la pratique:

Raymond Li; James Ma


Principaux clients

Wuxi Nengda Thermoelectric Co., Ltd.


Chengdu Yunlai Investment Group Co., Ltd.


Principaux dossiers


  • Advised Wuxi Nengda Thermoelectric Co., Ltd. as the guarantor in the issuance of 13 billion JPY 1.6% credit enhanced guaranteed bonds due 2026 by Hongkong Yunlin International Co., Ltd.
  • Advised Chengdu Yunlai Investment Group Co., Ltd. on its issuance of US$70 million 7.5% guaranteed bond due 2027 unconditionally and irrevocably guaranteed by Tianfu Bond Insurance Co., Ltd.
  • Advised Chengdu Yunlai Investment Group Co., Ltd. on its issuance of US$39 million 6.3% credit enhanced bonds due 2026 with the benefit of an irrevocable standby letter of credit issued by Bank of Chengdu Co., Ltd.

Reed Smith Richards Butler LLP

Reed Smith Richards Butler LLP‘s practice advises on a range of financing mandates, with a particular focus on syndicated and corporate lending. The team stands out for its ‘exceptional performance’ and ‘outstanding expertise across the legal and banking domains’, as well as ‘exemplary interpersonal and communication skills’. Working closely with the firm’s other offices in Asia, Europe, and US, the team has a broad sector specialism spanning shipping, energy, oil and gas, real estate and transport. Recent caseload features advising on a number of multimillion-dollar dual-currency syndicated term loan facilities and sustainability-linked term loan facilities. The practice is led by Peter Lee who is a shipping finance specialist. Since publication, Michael Sinn and Crystal Li departed in February 2025.

Responsables de la pratique:

Peter Lee


Les références

Ability to handle various legal queries raised. Very efficient management of time and drafting of agreements.’

‘Possess commercial knowledge and able to tackle issues raised from time to time.’

‘The team’s responsiveness is unparalleled and they always put their clients first. You know you’re in safe hands. The team is personable and experienced.’

Skadden, Arps, Slate, Meagher & Flom LLP

Counting banks and corporate borrowers among its key roster of clients, the banking and finance team at Skadden, Arps, Slate, Meagher & Flom LLP is well placed to collaborate with the firm’s wider corporate group on matters concerning the financing for going-private acquisitions in Greater China. Splitting her time between the firm’s Hong Kong and Shanghai offices, Rosanna Passmore leads the team following the retirement of John Hartley in January 2024.

Responsables de la pratique:

Rosanna Passmore


Principaux clients

L’Occitane International SA


Convera Group


NaaS Technology Inc.


SharkNinja, Inc.


Stephenson Harwood

Stephenson Harwood handles a broad range of mandates, from asset finance, including shipping, aviation and real estate, syndicated lending, structured finance and trade finance to fintech, investment products and secured and unsecured lending. Katherine Liu leads the team and focuses on compliance matters in the financial services sector, while Anna Kwong and Anthony Wong are praised for their ‘deep knowledge of trade finance, providing outstanding legal and commercial advice in a practical manner’. Teresa Tsoi is another key contact in the group.

Responsables de la pratique:

Katherine Liu


Autres avocats clés:

Anna Kwong; Anthony Wong; Teresa Tsoi


Les références

‘Fast, clear presentation and engaging.’

‘The team is professional and are able to understand our requirements.’

‘Anna Kwong and Anthony Wong have deep knowledge in trade finance, providing outstanding legal and commercial advice in a practical manner.’

Principaux clients

Airstar Bank Limited


Airwallex (Hong Kong) Limited


Ant Bank (Hong Kong) Limited


Ant Group Co., Ltd.


Bank of Communications Co., Ltd


Bank SinoPac Co., Ltd.


BNP Paribas


China Construction Bank


China Development Bank


China Minsheng Bank


CIB Leasing


Cinda Leasing


Credit Suisse


CTBC Bank Co., Ltd.


Futu Lending Limited


Futu Securities International (Hong Kong) Limited


Haitong Leasing


HKT Flexi Limited


HSBC


ICBC Financial Leasing Co., Ltd.


JPMorgan Chase


Oversea-Chinese Banking Corporation, Limited


OCBC Bank (Hong Kong) Limited


PrimeCredit Limited


Raiffeisen Bank International


Shanghai Pudong Development Bank


Standard Chartered Bank


Svenska Handelsbanken AB


The Export-Import Bank of China


United Overseas Bank Limited


WeLend Limited


Wells Fargo Bank


Principaux dossiers


  • Advised various PRC banks on PRC onshore and offshore loans backed by onshore guarantees, which are major products offered by several PRC banks in Hong Kong.
  • Advised OCBC Bank (Hong Kong) Limited on its HK$211 million refinancing of Weave-Living – Mid-Levels.

Stevenson, Wong & Co

Stevenson, Wong & Co advises lenders and borrowers on cross-border project financings, in addition to trade financing and asset financing mandates, while housing a robust regulatory practice to assist financial services companies in regulatory investigations. Heidi Chui leads the team and handles contentious matters arising out of the financial services sector.

Responsables de la pratique:

Heidi Chui


Principaux clients

Bank of China (Hong Kong) Limited


China Everbright Bank Co., Ltd., Hong Kong Branch


Industrial and Commercial Bank of China (Asia) Limited


China Guangfa Bank


Huaxia Bank, Hong Kong Branch


Baohai Bank, Hong Kong Branch


Industrial Bank Limited, Hong Kong Branch


Livi Bank (Virtual Bank)


Bank of Shanghai, Hong Kong Branch


Ping An Bank Co. Ltd., Hong Kong Branch


BDO Unibank Inc., Hong Kong Branch


Nanyang Commercial Bank Limited


China CITIC Bank International Limited


Ernst & Young Transactions Ltd


RSM Nelson Wheeler


F.S. Law & Co.


BDO Financial Services Limited


Sina Corporation


Deloitte Hong Kong


Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP’s workload encompasses leveraged and acquisition financings, funds financings, private credit and direct lending, in addition to financial restructuring mandates. Managing partner Charles Ching oversees the group, and Graham Price is noted for his expertise in special situations lending issues and restructurings.

Responsables de la pratique:

Charles Ching


Autres avocats clés:

Graham Price


Les références

The team is made up of skilled practitioners who really understand the local leveraged finance and general banking market in Asia. At the same time, they are able to draw on their impressive institutional knowledge from around their network in places like London and New York to augment their service.’

‘Graham Price is a calm and sensible pair of hands who is great at building consensus among stakeholders whilst protecting his client’s interests. Graham has deep experience of restructurings, giving him a real ability to consider key downside protections for his clients coming into a new investment and structure deals and his advice accordingly.’

Principaux clients

Ad hoc group of holders of notes issued by China Aoyuan Group


Ad hoc group of holders of notes issued by Shimao Group Holdings


BPEA EQT (formerly known as Baring Private Equity Asia)


Cornell Capital


FountainVest Partners


HSBC


Principaux dossiers


  • Advised on new finance instruments entered into as part of the successful restructuring of more than US$7 billion of offshore debt of China Aoyuan Group Limited and its subsidiary, Add Hero, including over $3 billion of offshore bond debt
  • Acting for the ad hoc group of bondholders in relation to the proposed restructuring of more than US$6 billion of offshore bond debt issued by Shimao Group.