Loeb & Loeb LLP is expanding its international presence in Asia with the launch of an office in Hong Kong. This will be Loeb & Loeb’s second office in Asia, following the opening of the firm’s Beijing office in 2009. The firm’s Hong Kong office has entered into an exclusive association with Hong Kong-based solicitors’ firm Pang & Co. The Law Society of Hong Kong has approved the association, as well as Loeb & Loeb’s registration as a foreign law firm.
The new Hong Kong office will be anchored by Benny Pang, who will be joining Loeb & Loeb’s Capital Markets Department as a partner and Loeb & Loeb partner Lawrence Venick, who will be moving from the firm’s Beijing office. Pang serves as managing partner of Pang & Co. and has extensive experience in corporate finance and securities law in Hong Kong.
“As one of the world’s leading international financial centers, Hong Kong has been a key part of our strategic growth plan in Asia for some time,” said Loeb & Loeb Chairman Michael D. Beck. “The Hong Kong office and the association with Pang & Co. will offer our clients access to an important business market that is a major player in the global economy.”
The full Pang & Co. team totals 16 and is comprised of Hong Kong and US qualified attorneys, solicitors and paralegals. The team will work in association with Loeb & Loeb’s Hong Kong office, as well as the firm’s Beijing and U.S. offices, focusing on capital markets transactions and regulatory advice in Greater China and IPOs in both the Main Board and the Growth Enterprise Market of the Stock Exchange of Hong Kong, as well as mergers and acquisitions and general corporate and commercial transactions.
“This established Hong Kong office and experienced on the ground team through the association will significantly expand our capability to assist companies throughout Asia with IPOs and Hong Kong financings,” said Mitchell S. Nussbaum, chair of Loeb & Loeb’s Capital Markets and Asia Practices and a recognized pioneer of securities transactions for Chinese companies. “In addition, our strong presence in Hong Kong will provide an excellent platform to help our Asia- and U.S.-based clients in a variety of cross-border mergers and acquisitions.”
“Loeb & Loeb’s reputation in China is strong and the firm’s extensive experience helping numerous Chinese companies gain access to U.S. capital markets is highly regarded,” said Pang. “I look forward to bringing my Hong Kong law practice to the firm and working with such a sophisticated team to further enhance Loeb’s ability to advise foreign and domestic businesses in the Greater China Region on local and cross-jurisdictional transactions.”
Pang is a Hong Kong qualified solicitor and focuses on equity capital markets and mergers and acquisitions. He has worked on a broad range of corporate transactions with private and public companies. In addition, he has substantial experience representing issuers and underwriters in equity fundraising transactions, including share placements, rights issues and open offers, and he has participated in more than 40 Hong Kong initial public offerings, including global offering of H-shares of SOEs. Pang has represented clients in the United States, Canada, Hong Kong, China, Taiwan, India, Indonesia and Australia.
Lawrence Venick’s practice focuses on the representation of both public and private emerging growth companies, as well as financial institutions. His transactional experience includes venture capital financings, representing both issuers and investors; mergers and acquisitions, representing both acquirers and targets; public offerings of securities; debt financing transactions, including secured and unsecured loans; and general corporate representation of public and private companies.
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