The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Davis Polk & Wardwell and Freshfields Bruckhaus Deringer have secured lead roles in the $2.5bn (£1.5bn) IPO of China Cinda Asset Management, Hong Kong’s biggest global offering so far this year.
Davis Polk, fielding Hong Kong partners Bonnie Chan and Antony Dapiran, provided Hong Kong and US legal advice to the issuer. Beijing-headquartered Cinda is a bad loan manager set up in 1999 to handle non-performing loans in China’s largestbanks. Davis Polk Beijing corporate partner Li He was also a member of the transaction team.
Beijing-based Chinese firm Haiwen & Partners, led by partner Liu Su, advised the issuer on PRC law.
Freshfields acted as Hong Kong and US counsel to the underwriters, led by BofA Merrill Lynch, Goldman Sachs, UBS, Morgan Stanley, Credit Suisse, BOC International and CCB International. King & Wood Mallesons was the banks’ PRC counsel.
Last year, China Cinda Asset Management sold a 16.54 per cent stake to four strategic investors, UBS, Standard Chartered, CITIC Capital and the National Social Security Fund, as it prepared for the IPO. Sullivan & Cromwell, led by Hong Kong partner Chun Wei, advised Cinda on the transaction (23 March 2012).
Cinda’s IPO displaces Sinopec Engineering’s $1.8bn IPO in May as the city’s largest global offering so far this year (20 May 2013). Allen & Overy and King & Wood Mallesons advised the issuer and Kirkland & Ellis and Guantao acted for the underwriters in that offering.