AllBright Law Office and JSM (in association with Mayer Brown and Mayer Brown International) have together advised Shanghai Industrial Holdings (SIH) on its proposed acquisition of distressed property company Neo-China Land for US$354.2m.

Mallesons advised Li Song Xiao, who is the controlling shareholder of Neo-China. The firm has advised on several of Neo-China transactions, including its US$400m bond offering three years ago which became one of the finalists for Debt Market Deal of the Year at the ALB China Law Awards 2008.

AllBright, with 71 partners and 244 lawyers, reportedly is very competitive with its legal fees and has been very successful in clinching new clients.

* UBS and Nomura are the joint financial advisors to SIH.