CITIC law firm news

A landmark decision by the Hong Kong Stock Exchange approving Guernsey as an ‘acceptable overseas jurisdiction’ for listing marks the second time in just over two years the exchange has approved an offshore jurisdiction.

Tightening credit policies on Mainland China have driven strong growth in debt capital raisings in Hong Kong – with some lawyers predicting a bumper year for bond issues for the North Asian market.

Skadden has strengthened its Hong Kong corporate offering with the promotion of Li-Chien Wong to the global partnership and two additional counsel promotions.

Baker & McKenzie, Conyers Dill & Pearman, Walkers, Hogan Lovells, Sheppard, Mullin, Richter & Hampton and Thorp Alberga have all played a role in advising on the joint acquisition of Tongjitang Chinese Medical Company in a transaction that “opens the door for Cayman-incorporated companies that may be seeking a more flexible procedure for US delisting and going private.”

Yashili, the third-largest (by sales) Chinese infant-formula maker, has recently launched its US$348m IPO on the Hong Kong Stock Exchange.

雅士利国际控股近日在香港联合交易所主板正式挂牌上市，通过此次首发共筹得3.48亿美元。

While global PE investors rush to set up their RMB funds, lawyers are also seeing their private equity expertise migrate from advising offshore funds to domestic funds. How fast have lawyers caught onto their PE game and how determined are they to make it a purely Chinese affair? ALB investigates

The trend towards localisation – using RMB to raise funds, make acquisitions and exit – has picked up momentum this year and brings about an abundance of new opportunities for local firms.

今年上半年共有26支新人民币私募股权基金完成募集。人民币私募股权基金业的强劲发展将会给国内专业律所带来更多机遇。

Global Law Firm has recently secured a US$389m investment for Red Star Macalline, a leading furniture retailer in China. The investment marks the largest ever financing transaction of its kind in the local furniture industry.

近期，环球律师事务所代表红星美凯龙成功完成了26亿元人民币的融资项目。此次融资由环球合伙人林华伟律师负责带头。

Chinese construction companies are making remarkable inroads into the international market and paying more attention to legal risk management, and their law firms have also seen their construction practices flourishing, with legal teams growing and billable hours soaring.

As Chinese construction companies have made inroads into the international construction market, law firms have also seen their construction practices flourishing –legal teams are growing and billable hours are soaring.

众多中国建筑公司已经发展壮大成为全球最大的承包商，并且在国际承包工程市场上的竞争力也在迅速加强。这些公司的现代化和国际化对法律服务的要求和风险管理控制提出了更高的要求。国内外建筑工程专业律师事务所也因而能够大力发展其涉外和国际业务，并且在服务质量和服务方式上经历了新的变革。

DLA Piper, Clifford Chance and Woo Kwan Lee & Lo have together advised on the first takeover of a Hong Kong-listed company by a mainland brokerage.

欧华，高伟绅和胡关李罗律师事务所近日协助了海通证券以美金2.3亿向大福提出全面收购。

Four firms have advised on China’s first equity investment into Uzbekistan this year.

Linklaters’s Asia managing partner, Zili Shao, will leave the firm in 2010 to head JPMorgan’s Chinese business as chairman and chief executive.

China Agri-Industries Holdings has been advised by Herbert Smith in relation to a US$250m five-year loan facility. A syndicate of seven banks was advised by Linklaters.

Lawyers focusing on servicing the aviation sector will have an increasing amount of work to keep them busy, as the industry becomes more market-oriented and the regulatory skies become clearer for private flyers