Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.

The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now. Evan Jowers also has over 150 US associate placements in Hong Kong / China in the past 6 years, and our full Asia team has numerous more placements, and each of those placement experiences (as well as other persons we represented but did not place, usually due to an internal transfer choice that we supported) adds in some measure to our understanding of the market. There is a story behind every placement after all. It’s therefore pretty easy for us to get a good read on the market and what hiring trends will likely be like during the next 6 months or so, in any market condition. In fact, one main reason that senior US partners meet with us regularly in Hong Kong / China is because even when they are not hiring they look at Evan and Robert as a great source of information on the market and to get a feel of what their counterparts at other firms are thinking, simply because we know so many key folks in the market and get their opinions and predictions on things on a daily basis. (more…)

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Patrick S. Sinclair, a veteran federal prosecutor who played a key role in the Eastern District of New York’s high-profile business fraud investigations, is today joining Ropes & Gray, one of the world’s leading corporate law firms, as a partner in the government enforcement group.

Mr. Sinclair, 38, was until August the Deputy Chief of the General Crimes Section in the U.S. Attorney’s Office for the Eastern District of New York. He will initially join the firm in New York and relocate to Hong Kong in early 2015. (more…)

www.ropesgray.com

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Hogan Lovells has recruited partner Joseph Kim to join its Tokyo finance practice. Joe joins the firm today, 16 September, as a partner in the Infrastructure, Energy, Resources and Projects (IERP) team.

Joe joins Hogan Lovells from Paul Hastings in Tokyo and is a project finance lawyer focusing on power projects, upstream and midstream natural resource projects, and renewable energy projects, including LNG related. He has strong contacts with global clients such as Standard Chartered Bank, Marubeni, K-Exim and K-Sure. He will strengthen Hogan Lovells’ Japan and Korea outbound investment and financing offering as well as promote the firm’s global capabilities for projects involving Japanese and Korean cross-border investment projects. (more…)

www.hoganlovells.com

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Davis Polk advised Morgan Stanley & Co. International plc and Sun Hung Kai Investment Services Limited in their capacity as placing agents for the top-up placement of 160,000,000 shares in Sun Hung Kai & Co. Limited (SHK) for a total consideration of approximately US$129 million. (more…)

www.davispolk.com

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Paul Hastings, a leading global law firm, announced today that the firm advised China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng”) in relation to the acquisition of a 60% equity interest in Central Point Worldwide Inc. (“Central Point”) by its indirectly wholly-owned subsidiary, Ocean Sino Holdings Limited.

The consideration for the acquisition is HK$2.184 billion (US$281 million), which is satisfied by the allotment and issuance of 1,400,000,000 shares by China Rongsheng. (more…)

www.paulhastings.com

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The international law firm Milbank, Tweed, Hadley & McCloy has recently advised on the successful reopening of notes by the Vista Land group. Milbank advised DBS Bank Ltd. (DBS), as international underwriter, on the US$125 million reopening of 7.45% Guaranteed Notes due 2019 (the Notes) by VLL International, Inc., a subsidiary of Vista Land & Lifescapes, Inc. (Vista Land), one of the largest residential property developers in the Philippines. The Notes were unconditionally guaranteed by Vista Land and other subsidiaries of the Vista Land group. (more…)

www.milbank.com

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Global legal practice Norton Rose Fulbright has advised COFCO Land Holdings Limited on its acquisitions of the minority interests in Jetway Developments and Yalong Development (HK) Company.

The aggregate consideration was approximately HK$2 billion which was satisfied by the issue and allotment of shares in COFCO Land to the respective sellers. (more…)

www.nortonrosefulbright.com

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Leading Asia commercial litigator Denis Brock will be joining O’Melveny & Myers as a partner in the Hong Kong office on October 1.

Brock adds top-notch disputes and regulatory strength to O’Melveny’s Asia platform. His broad practice encompasses complex litigation and arbitration, regulatory and insolvency matters, and internal investigations for financial institutions, international corporations, insurance brokerages and accounting firms. In addition, Brock will expand O’Melveny’s FCPA strengths and other regulatory and investigatory capabilities in Asia. He will be part of the Firm’s Business Trial and Litigation Practice. (more…)

www.omm.com

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Paul Hastings, a leading global law firm, announced today that the firm represented West China Cement Limited in connection with its Regulation S offering of US$400 million of 6.50% senior notes due 2019. West China Cement is one of the leading cement producers in Shaanxi Province. Credit Suisse and Nomura acted as Joint Bookrunners and Joint Lead Managers for the transaction. (more…)

www.paulhastings.com

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Milbank, Tweed, Hadley & McCloy LLP advised PT Adaro Indonesia on its US$1,000,000 loan facility from a consortium of lenders including ANZ, BTMU, CIMB, Citi, CTBC, DBS, HSBC, ING Bank, Maybank, Mizuho Bank, OCBC, SMBC, Standard Chartered Bank and UOB. The loan will be used to refinance existing indebtedness of the company. (more…)

www.milbank.com

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Duane Morris & Selvam announced that it has formally opened its Shanghai office following approval and licensure from the Ministry of Justice of the People’s Republic of China. The firm had originally announced its plans for the Shanghai office in January of 2014. The firm will work closely with clients to achieve their investment and business goals in China, with a particular emphasis on facilitating outbound investment for Chinese corporations, as well on supporting inbound investment. The firm will advise Chinese and foreign clients on foreign direct investment, mergers and acquisitions, market entry, outbound investing, taxation, licensing and joint ventures, intellectual property matters, reporting requirements and regulatory issues. (more…)

www.selvam.com.sg

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Goodwin attorneys recently advised an investor consortium in connection with Rakuten Inc.’s announced $1 billion cash acquisition of retail website Ebates. The investor group, which together owns a substantial majority of Ebates, includes August Capital, Canaan Partners and Foundation Capital. The transaction is expected to close in October 2014. (more…)

www.goodwinprocter.com

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Hogan Lovells has announced that partner Steven Tran will join its Hong Kong corporate practice next week.

Steven specializes in private equity and M&A across a broad range of sectors and joins Hogan Lovells from Kirkland & Ellis in Hong Kong. He is experienced in both domestic Hong Kong transactions as well as complex multi-jurisdictional cross-border transactions across the Asia-Pacific region and beyond. His client base consists of private equity houses, funds and corporates. (more…)

www.hoganlovells.com

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