Beijing and Shanghai
Asia Pacific
www.allenovery.com
Beijing and Shanghai | Asia Pacific
A&O in China
8
partners
25+
years in China
12
offices across
Asia Pacific
80%
of work on
cross-border
mandates
Allen & Overy was one of the very first international firms to establish a foothold in
mainland China in 1987, through its participation in a consultancy set up to introduce
international legal services to China. This is five years before foreign firms were
allowed to establish a presence in China under their own name.
Being one of the first in China has helped us sustain a stronghold in a number of key
areas critical to cross-border business. It has also underpinned our position as one of
very few ‘go to’ firms for pioneering inbound and outbound deals, many of which
have set a benchmark for Chinese corporations ‘going global’.
Our China Group spans the globe and includes over 200 lawyers in Mainland China,
Hong Kong, London, New York, Sydney and Continental Europe.
International Law Firm of the Year
IFLR Asia Awards 2014
M&A Team of the Year
IFLR Asia Awards 2014
Banking & Finance
International Team of the Year
China Law & Practice Awards 2014
International Real Estate
Law Firm of the Year
Asian Legal Business Awards 2014
Syndicated Acquisition Finance
Law Firm of the Year
APLMA Awards 2014
Best Project Finance Law Firm
The Asset Triple A Regional Awards 2014
© Allen & Overy LLP 2014
Beijing and Shanghai | Asia Pacific
Our experience
Banking
& Finance
Corporate/
M&A
Shuanghui/Smithfield Foods Inbound
Advising the mandated lead arrangers
on a USD4 billion debt financing for
Shuanghui’s USD7.1bn acquisition
of Smithfield Foods. Awarded
Outbound Deal of the Year, China
Law & Practice Awards 2014, and Best
China Deal and Best Cross Border
M&A Deal, FinanceAsia Awards 2013.
Dynagreen
Advising Dynagreen (as borrower)
and Beijing state-owned Assets
Management Co. (as guarantor) on
the portfolio waste-to-energy project
financing by Asian Development
Bank – one of the first facilities to be
provided by an offshore lender to a
PRC company in RMB (rather than
USD). Awarded Project Finance
Deal of the Year, China Law &
Practice Awards 2013.
Vinh Tan 1
Advising a group of Chinese lenders
on the project financing of the 1,200
MW Vinh Tan 1 BOT power project
in Vietnam to be invested in by China
Sourthern Power Grid Corporation,
China Power International and
Vinacomin. Awarded 2013 Deal of the
Year, China Business Law Journal 2014.
© Allen & Overy LLP 2014
Starr
Advising on its acquisition of a
39.19% share in Dazhong Insurance
Company. With its 20% stake acquired
in 2011 (on which we also advised),
this acquisition will take Starr’s
holding to 60% – upon completion
it will be the first approval granted
by the China Insurance Regulatory
Commission allowing a foreign
investor to hold a majority stake
in a PRC insurance company.
Reckitt Benckiser
Advising on its acquisition of
Oriental Medicine Company, a
Hong Kong holding company for
three operating companies in China,
which produces and distributes
over-the-counter health products and
traditional Chinese medicine products.
JP Morgan
Advising on its pre-IPO investment in
a state-owned PRC high-tech software
developer. The investment comprises
two tranches, one being an onshore
capital increase and the other a share
sale and purchase of a shareholder of
the target at the offshore level.
Outbound
ICBC
Advising on its acquisition of
75.5% of the issued share capital
of Tekstil Bankası, listed on Borsa
Istanbul, from GSD Holding for
approximately USD316 million.
China Vanke
Advising on its first investment
in North America (a joint venture
with Tishman Speyer), to acquire a
1.7 acre area of land located in
San Francisco. Awarded Real Estate
& Construction Deal of the Year,
China Law & Practice 2013.
CPI International
Minerals Co. Ltd.
Advising CPIIM, a wholly-owned
subsidiary of China Power Investment
Corporation, on the signing of the
mining convention for CPIIM’s
world-scale alumina project in the
Republic of Guinea – the first mining
convention signed since the recent
comprehensive overhaul of the
country’s mining legislation, and a
cornerstone for the complex USD6bn
resource and infrastructure project.
Private
Equity
PGGM
Advising PGGM, a Dutch pension
fund, on its co-investment with an Asiafocused infrastructure fund, in several
water treatment facilities in China.
Baring Private Equity
Partners (Asia) Limited
Advising on various investments
in the PRC including a minority
equity investment in a software
programming business.
Avenue Capital
Advising on its USD52m Series B
financing into certain Cayman and
PRC entities of a group owning
the Century 21 exclusive real estate
brokerage franchise in the PRC.
Real
Estate
Brookfield
Advising on its pre-IPO USD500m
investment (with an ability to
subscribe for a further USD250m)
in convertible perpetual securities
in China Xintiandi, part of the
Shui On Land group, which owns
interests in a portfolio of real estate
assets in prime Shanghai locations.
Tishman Speyer
Advising on its (i) joint venture
arrangement with Chengtou Group, a
PRC state-owned real estate company
and (ii) acquisition of equity interests in
multiple project companies established
by Lujiazui Group, a PRC state-owned
developer, to jointly develop a portfolio
of land in a prime location in the Bund
area of Shanghai.
Warburg Pincus
Advising on its investments in the
PRC including in (i) the e-Shang
logistics joint venture, (ii) an
investment into a portfolio of joint
ventures with Shanghai Red Star
Macalline, and (iii) in CDG Retail,
a related retail development and
asset management company.
Intellectual
Property
Abbott Laboratories
Obtaining the first preliminary
injunction in a patent infringement
case in the history of the Beijing
courts on behalf of Abbott, based
on a design patent.
Novartis
Representing Novartis in obtaining
a preliminary injunction against
off-label use that infringes Novartis’
patent by a generic company in
Beijing – the first preliminary
injunction of this kind in China.
RF Micro Devices
Acting as lead counsel to RF Micro
Devices on enforcing trade secrets
against its former employees and the
competing companies set up by them.
Regulatory
Antitrust &
Competition
International banks
Merck KGaA
Compliance
Seagate Technology
Advising on their various QFII/
RQFII investment structures relevant
to their exposure to the PRC securities
market via the investment quota of
RQFIIs/QFIIs.
Advising a financial institution on
various compliance matters in relation
to its derivatives business from the
perspectives of the Dodd-Frank Act
in the U.S., EMIR in the EU, and the
relevant derivative related regulations
in Japan, Hong Kong and Singapore.
Derivatives exposure/
Lehman
Advising eight PRC banks including
Bank of China, China Construction
Bank, China Development Bank
and The Export and Import Bank
of China on their derivatives
exposure to Lehman entities.
Tier 1 – Competition/
Antitrust Practice
Advising on its public takeover
of AZ Electronic Materials
involving seven filings around
the world, including a four month
complex review in China.
Advising on the EU and worldwide
merger control aspects of its
USD1.4bn acquisition of the hard
disk drive business of Samsung
Electronics. The acquisition was
cleared after Phase II proceedings
around the world and involved
coordinating strategy, not only
with the EU Commission but also
with the US FTC, KFTC, JFTC and
MOFCOM. Awarded Matter of the
Year by Global Competition Review 2012.
Jinchuan Group Limited
Advising on its multi-jurisdictional
merger filings in respect of its
takeover of Metorex, a South Africanbased producer of copper and cobalt
listed on the Johannesburg Stock
Exchange – one of the first multijurisdictional filings conducted by
a Chinese state-owned enterprise.
“Allen & Overy LLP’s
team is ‘consistently
impressive’ and noted
for its ‘strategic thinking’,
and has expertise across
the full range of banking
and finance, including
global loans, acquisition
finance, project finance,
restructuring, real estate
finance, asset finance,
derivatives, structured
finance, investment funds,
and China inbound and
outbound investment.”
Legal 500, Banking and Finance, 2014
“…provides world-class
legal support in China,
with consistent quality
and professionalism
across the board.”
Chambers Asia, Corporate/M&A (China), 2014
Two years in a row, IFLR1000 2014 & 2013
www.allenovery.com
For more information, please contact:
Beijing
Shanghai
Allen & Overy LLP, Beijing office
46th Floor China World Tower
No. 1 Jian Guo Men Wai Avenue
Beijing 100004
PRC
Allen & Overy LLP, Shanghai office
15F, Phase II, Shanghai IFC,
8 Century Avenue, Pudong,
Shanghai 200120
PRC
Tel +86 10 6535 4188
Fax +86 10 6535 4199
Tel +86 21 2036 7000
Fax +86 21 2036 7100
Office contacts
Joseph Tse
Richard Kim
Benjamin Bai
Matthew Bisley
Tel +86 10 6535 4388
[email protected]
Tel +86 21 2036 7010
[email protected]
Tel +86 21 2036 7001
[email protected]
Tel +86 21 2036 7005
[email protected]
Victor Ho
Yvonne Ho
Jane Jiang
Ji Zou
Tel +86 10 6535 4381
[email protected]
Tel +86 10 6535 4327
[email protected]
Tel +86 10 6535 4318
[email protected]
Tel +86 21 2036 7088
[email protected]
Senior Partner, Greater China
Partner, Beijing
Managing Partner, Beijing and Shanghai
Partner, Beijing
Partner, Shanghai
Partner, Beijing
Partner, Shanghai
Partner, Shanghai
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© Allen & Overy LLP 2014 | CS1009001
www.allenovery.com