The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The Hong Kong office of Allen & Overy (A&O) advised joint arrangers HSBC and Morgan Stanley Dean Witter on the establishment of a $1.5bn (£1.1bn) medium term note programme for Swire Pacific.`Although the firm is already a market leader in the medium term note programme, it is trying to develop its relationship with Hong Kong issuers.`Swire Pacific is one of the best known names in Hong Kong and it is a coup for A&O to be working on the deal.`Lead partner on the deal Andrew Harrow said that involvement in the issue raises the credibility of the firm in Hong Kong.`"Although we act for the arrangers more often, we are also being associated with Hong Kong borrowers," said Harrow. "This deal increases our credentials with Hong Kong issuers."`Last year, A&O advised the Kowloon-Canton Railway Corporation and Dao Heng Bank when they issued medium term note programmes.`HSBC and Morgan Stanley will act as dealers alongside nine other international financial institutions.`The medium term note programme is rated A3 by Moody's and Aby Standard & Poor's and applications have been made to list the programme on both the Hong Kong and the Luxembourg stock exchanges.`Swire was advised by Maples and Calder in respect to Cayman Islands law and Slaughter and May in respect to English and Hong Kong law.