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.
Herbert Smith has advised JPMorgan Securities and China International Capital Corporation (CICC) on the $1.16bn (£0.56bn) global offering of shares in Chinese truck manufacturers Sinotruk.
JPMorgan and CICC were the joint global coordinators and book runners on the transaction and turned to Herbert Smith following its work on past transactions in the sector.
“The Sinotruk global offering follows our recent transactions in the automotive industry,” said Hong Kong-based partner Ashley Alder, who led the team working on the deal. “It confirms our position as one of the leading advisers in this sector in mainland China.”
Herbert Smith advised on both Hong Kong and US law with Alder leading a team of six that included US securities partner Kevin Roy.
Sidley Austin advised Sinotruk on matters of Hong Kong law and US law, and instructed DeHeng Law Offices on matters of PRC law.
The transaction included an offering of 702 million new shares, of which 632 million were offered internationally.