As a ride-hailing company, Didi continues to face scrutiny from the Cyberspace Administration of China, amid reported national security concerns, the industry watchers interpret it as a warning to tech companies with overseas listing ambitions.
Freshfields Bruckhaus Deringer, Gibson, Dunn & Crutcher, King & Wood Mallesons and DLA Piper have advised Chinese biopharma company Hutchmed on its HK$4.17 billion ($537 million) secondary listing in Hong Kong.
Linklaters and Haiwen & Partners are advising China Tourism Group Duty Free Corporation on its planned secondary listing in Hong Kong, with Freshfields Bruckhaus Deringer and Jia Yuan Law Offices advising the joint underwriters.
Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.
It’s ofﬁcial: Law ﬁrm hiring has well and truly recovered from the pandemic. Lateral moves across Asia’s legal markets in the ﬁrst quarter of this year have already surpassed the number from the entirety of 2020. In mainland China alone, ALB recorded more than 40 lateral hires in the ﬁrst two months of 2021.
The pandemic has likely permanently altered the legal industry globally in a number of signiﬁcant ways.
Mayer Brown has welcomed back oil and gas specialist Joanne Du as a partner in Hong Kong from Baker Botts.
Davis Polk & Wardwell and Global Law Office are advising medical research firm CARsgen Therapeutics on its planned IPO in Hong Kong, with Herbert Smith Freehills and Zhong Lun Law Firm advising the joint underwriters. The IPO is expected to raise up to $400 million.
Wilson Sonsini Goodrich & Rosati and Han Kun Law Offices have advised Chinese dental brace maker Angelalign Technology on its $375 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and Tian Yuan Law Firm advising the joint underwriters.
Davis Polk & Wardwell and Tian Yuan Law Firm are advising China’s Youran Dairy on its planned IPO in Hong Kong, with Sidley Austin and Dentons advising the joint underwriters.
Huen Wong, a former Greater China managing partner at both Simmons & Simmons and Fried, Frank, Harris, Shriver & Jacobson, has launched a sole proprietorship focused on arbitration and mediation, Asian Legal Business has learnt.