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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Slaughter and May announces that Charlton Tse has been appointed a partner in Hong Kong with effect from 1 August 2014.

Charlton is an experienced M&A and corporate finance lawyer who is Hong Kong and English law qualified. He will play an important part in developing the firm’s corporate and investment banking client relationships in both Hong Kong and the PRC. (more…)

www.slaughterandmay.com

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Milbank, Tweed, Hadley & McCloy LLP advised the private equity arm of GIC in a pair of Philippines investments worth a total of approximately US$310 million (S$384 million, Php13.6 billion).

Singapore-based partner Jacqueline Chan led the Milbank team on both transactions. (more…)

www.milbank.com

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Paul Hastings, a leading global law firm, announced today that the firm represented Unitech Enterprises Group Limited (“Unitech Enterprises”) in its acquisition of approximately 61.56% of the entire issued share capital of the Hong Kong-listed Ford Glory Group Holdings Limited (“Ford Glory Group”), which is principally engaged in the business of sourcing garment products, at a total consideration of HK$258 million. (more…)

www.paulhastings.com

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Skadden is representing China’s Cogobuy Group in its HK$1.375 billion IPO and listing on the Hong Kong Stock Exchange. Trading commenced on July 18.

www.skadden.com

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Appleby acted as Cayman counsel for Times Property Holdings Limited (Times Property) in relation to the issuance of 10.375% RMB900 million Senior Notes due 2017. The net proceeds from the issuance of the Notes will be used to refinance its existing debt. Earlier this year, Appleby also acted for Times Property in its issuance of 12.625% US$225 million Senior Notes due 2019. (more…)

www.applebyglobal.com

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Asian Legal Business (ALB) has awarded Softbank Corp’s high yield bond offering “Debt Market Deal of the Year” at its 2014 Japan Law Awards. Latham & Watkins advised Deutsche Bank, as initial purchaser, in Softbank Corp’s issue of US$2,485,000,000 4.5 percent Senior Notes due 2020 and €625,000,000 4.625 percent Senior Notes due 2020. This transaction signifies the largest-ever high yield bond offering in Asia. Notably, only one other Japanese company has ever issued high yield bonds. (more…)

www.lw.com

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Herbert Smith Freehills has advised Macquarie Capital Securities Limited and ICBC International Capital Limited in relation to their role as the joint sponsors of Kangda International Environmental Company Limited’s (“Kangda”) HK$1.4 billion Initial Public Offering (IPO) and listing on the Hong Kong Stock Exchange.

Kangda is a leading wastewater treatment service provider in the People’s Republic of China. The company listed on the Hong Kong Stock Exchange on 4 July 2014. (more…)

www.herbertsmithfreehills.com

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Mayer Brown JSM has advised joint sponsors UBS Securities Hong Kong Limited and CITIC Securities Corporate Finance (HK) Limited and the underwriters on the IPO listing of Beijing Urban Construction Design & Development Group Co., Limited (“Beijing Urban Design”) on the Hong Kong Stock Exchange.

Beijing Urban Design is a construction company engaged in rail-transit related design, consultancy services and construction contracting services. It was founded in 1958 and provides design and survey services for Beijing Subway Line 1, China’s first subway line. Proceeds from the IPO will be used to supplement its general corporate capital needs. (more…)

www.mayerbrown.com

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International law firm Clyde & Co is pleased to announce the addition of litigation and international arbitration specialist Patrick Zheng to the firm’s Beijing office. Patrick joins from Clifford Chance, where he was head of China litigation and arbitration.

Patrick specialises in international arbitration, China-related litigation (both onshore and offshore) and other China-related contentious matters. He will also assume the role of managing partner for Clyde & Co’s Beijing office and will be playing an active part in relation to the firm’s China and Korea development desks. (more…)

www.clydeco.com

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Mayer Brown JSM has advised Deutsche Securities Asia Limited and Morgan Stanley Asia Limited as the joint sponsors and Deutsche Bank AG, Morgan Stanley Asia Limited and five other banks as underwriters on the listing of Jinmao Investments & Jinmao (China) Investments Holdings Ltd on the Hong Kong Stock Exchange. The initial public offering (IPO) has raised approximately HK$3.2 billion (US$413 million) which may further increased by approximately HK$481.5 million (US$61.7 million) if the greenshoe is exercised. (more…)

www.mayerbrown.com

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Mayer Brown JSM has advised joint sponsors UBS Securities Hong Kong Limited and CITIC Securities Corporate Finance (HK) Limited and the underwriters on the IPO listing of Beijing Urban Construction Design & Development Group Co., Limited (“Beijing Urban Design”) on the Hong Kong Stock Exchange. (more…)

www.mayerbrown.com

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Leading international law firm Holman Fenwick Willan (HFW) is delighted to announce that Leigh Borrello has joined the firm as a Partner, effective 1 July 2014. Leigh will work from Sydney and Singapore and help to develop the firm’s asset finance practice, with particular focus on the Asia-Pacific region.

Leigh is a highly regarded asset finance practitioner with particular skills in aircraft finance and cross-border leasing and structured finance transactions. (more…)

www.hfw.com

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