International law firm, Clifford Chance’s leading position was confirmed
last week at the Asia Legal Business First Annual China Law Awards ceremony
held at the Westin Hotel in Shanghai on 27th February.
The firm picked up the prestigious ‘International Law Firm of the Year’
award for its work on a variety of leading transactions last year,
particularly in China, most notably the BASF/Sinopec financing; the Huarong
I NPL auction; the BNP Paribas acquisition of the remaining 50% stake in
International Bank of Paris and Shanghai from ICBC; the acquisition of a 25%
stake in Industrial Bank by Hang Lung, GIC and IFC; and the acquisition by
Citibank of a strategic interest in Shanghai Pudong Development Bank.
Other leading transactions in the region include the MBf Holdings Berhad
debt restructuring in Malaysia; Hanaro Telecom’s private equity investment;
the Ripplewood LBO financing in Japan; the Astro IPO and Maxis IPO in
Malaysia; the SingPost IPO in Singapore; and the Cosmos Bank securitisation
in Taiwan.
Stephen Harder, Managing Partner of Clifford Chance’s Shanghai office, who
accepted the award on behalf of the firm, commented: “Winning this award is
testament to the quality of work we have done for our clients, particularly
in China, where the firm’s Hong Kong, Beijing and Shanghai offices are very
active and where we co-operate with many local PRC firms.”
Jim Baird, the firm’s Regional Managing Partner of Asia, added: “We are
delighted that the work we have done for our clients in the region has been
recognised in the market. We are proud to have been involved in
transactions of great importance to the Asian market.”
