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…)

|

Paul Hastings, a leading global law firm, announced today that the firm represented Morgan Stanley Asia Limited, CITIC Securities Corporate Finance (HK) Limited, ICBC International Securities Limited, CCB International Capital Limited, DBS Asia Capital Limited, First Shanghai Securities Limited, GF Securities (Hong Kong) Brokerage Limited and Celestial Securities Limited as counsel to the underwriters in China VAST Industrial Urban Development Company Limited’s (“China VAST”) US$130 million Hong Kong IPO and Rule 144A global offering on the Main Board of the Hong Kong Stock Exchange. (more…)

www.paulhastings.com

|

Kirkland & Ellis represents Orchid Asia Group Management Limited, a leading independent Chinese private equity firm, which recently closed its sixth private equity fund Orchid Asia VI. The fund closed at its hard cap with aggregate capital commitments of US$920 million. The fund, which will continue Orchid Asia’s investment strategy in China’s consumer services and products sector and the outsourced manufacturing and services sector, accepted commitments from a broad mix of global institutional investors, including public and private pension plans, endowments and foundations, diversified financial institutions and family offices. (more…)

www.kirkland.com

|

The Hong Kong office of the Firm recently represented Ta Chong Bank, Ltd. in its issuance of US$350 million 1.0% Convertible Senior Bonds (the “Bonds”) to an affiliate of the Carlyle Group. Ta Chong Bank is a leading full-service commercial bank and one of the most profitable private banks in Taiwan. Common shares of Ta Chong Bank are traded on the Taiwan Stock Exchange under the trading code “2847”. The Bonds are listed on the Singapore Stock Exchange. (more…)

www.stblaw.com

|

International law firm Ashurst has strengthened its US loan and debt capital markets practice in the Asia Pacific with the appointment of Anna-Marie Slot as a partner based in Hong Kong. (more…)

www.ashurst.com

|

Ashurst today announces the appointment of a market-leading team of three partners and a senior consultant that will significantly strengthen its restructuring and special situations capability in Asia.
The team, which comprises Bertie Mehigan, Joel Hogarth, Ratih ‘Ipop’ Nawangsari and Debby Sulaiman, has acted on some of the most significant and high profile restructuring matters in the region over the last ten years, particularly in Indonesia. (more…)

www.ashurst.com

|

International law firm Simmons & Simmons expands its financial markets practice in Hong Kong with the appointment of Jolyon Ellwood-Russell who has joined the firm today as a partner. (more…)

www.simmons-simmons.com

|

Duane Morris LLP 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.duanemorris.com

|

Herbert Smith Freehills has advised SpeedCast International Limited (SpeedCast) in relation to its initial public offering (IPO) and listing on the Australian Securities Exchange, which raised A$150 million. The IPO consisted of an institutional offer and broker firm offer. (more…)

www.herbertsmithfreehills.com

|

Pillsbury today announced the opening of its Beijing office. This is Pillsbury’s second office in the People’s Republic of China, along with its office in Shanghai.

The office opened with the arrival of two new partners, David Livdahl and Jenny Jia Sheng, who joined the firm’s Corporate & Securities practice. Both partners are veterans of the Paul Hastings office in Beijing, which Livdahl led. Three associates, also from Paul Hastings, are expected to join the Beijing office as well. All five attorneys will join a firmwide China team that has members in virtually all of Pillsbury’s offices. (more…)

www.pillsburylaw.com

|

Recently, Mr. Gao Jun (Gary) joins into Shanghai Office of Zhonglun as a partner. Before his joining, Gary has been working in Shanghai Duan & Duan Law Firm as one of its partners for 16 years. (more…)

www.zhonglun.com

|

Global specialist law firm Dechert LLP announced today that it has opened an office in Singapore. The new office will initially focus on investment fund formation, advising investment funds, their investment managers and other industry participants. (more…)

www.dechert.com

|

The Tokyo office of global law firm K&L Gates LLP welcomes Haig Oghigian as a partner in the international arbitration practice. A former diplomat in Japan, Oghigian joins K&L Gates from Baker & McKenzie, where he was co-chair of the Tokyo litigation and dispute resolution practice group. (more…)

www.klgates.com

|