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Loeb & Loeb has gained a presence in the Hong Kong market after sealing a deal with Salans’ former local association firm Pang & Co.
The US firm has registered with the Hong Kong Law Society as a foreign law firm and entered into an exclusive association with Hong Kong-based Pang & Co. The local firm’s founder and managing partner Benny Pang, will join Loeb & Loeb’s capital markets department as a partner and head the firm’s new office. Loeb & Loeb corporate partner Lawrence Venick will relocate from Beijing to support the Hong Kong development.
“As one of the world’s leading international financial centres, Hong Kong has been a key part of our strategic growth plan in Asia for some time,” said Loeb & Loeb chairman Michael Beck in a statement. “The Hong Kong office and the association with Pang & Co will offer our clients access to an important business market that is a major player in the global economy.”
Pang & Co has 16 members, including three partners and six other lawyers. The team will work in association with Loeb & Loeb, focusing on capital markets and M&A transactions, Hong Kong IPOs, general corporate and regulatory advice in Greater China.
Prior to entering the association with Loeb & Loeb, Pang & Co was in association with Salans’ Hong Kong office. The pair’s association started in April 2009 when Salans opened in Hong Kong and ended when Salans’ closed its Hong Kong office in May 2012 (10 May 2012).
Pang was a corporate partner in Paul Hastings’ Hong Kong office before establishing his own firm and joining Salans in 2009. He has worked on a broad range of capital markets and M&A transactions with private and public companies.