Joint Ventures

Overview

Hong Kong is a well known gateway to the Greater China region as well as the emerging markets in South East Asia. The reasons for this reputation are easy to discern. With a legal system based on the rule of law, a well regarded judiciary, a common law tradition and a deep bench of legal professionals with international experience, Hong Kong offers investors a level of comfort in establishing legal relationships that is unavailable in the nascent legal environments in the mainland of the People's Republic of China and South East Asia. Hong Kong's business friendly tax system, its free trade borders and the absence of restrictions on the free flow of capital offers investors an ideal commercial environment that has repeatedly earned Hong Kong the status as one of the world's freest economies.

We frequently advise on joint venture structures and assist in negotiating joint venture relationships to protect our clients assets, to minimize tax liabilities, to comply with regulatory obligations and to ensure that our clients are able to leverage those relationships as they intend. We have deep and broad experience with shareholder agreements, taking an active role in designing an appropriate governance and asset injection framework, appropriate exit arrangements, and dispute resolution mechanisms.

We have particular experience advising investors who wish to enter into the mainland of the People's Republic of China or South East Asian markets. We integrate our corporate, regulatory, tax, and dispute resolution capabilities to address the challenges and risks of the joint venture and leverage our relationships through the Asia Pacific region to ensure compliance with local laws and to minimize risks arising from specific requirements of such local laws.

Experience

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  • Counsel to the Hong Kong financial services arm of a global business conglomerate based in the People’s Republic of China that has entities listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange with annual revenues exceeding USD15 billion, in connection with a major restructuring of the client including a capital injection, the establishment of a joint venture and the structuring of the relationship between the parties

  • Co-counsel to a private funds manager in relation to its acquisition of the private equity real estate firm with USD300 million of assets under management

  • Counsel to the Hong Kong financial services arm of a global business conglomerate based in the People’s Republic of China that has entities listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange with annual revenues exceeding USD15 billion, in connection with a major restructuring of the client including a capital injection, the establishment of a joint venture and the structuring of the relationship between the parties

  • Co-counsel to a private funds manager in relation to its acquisition of the private equity real estate firm with USD300 million of assets under management

Awards

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  • IFLR 1000

    Leading Practice

    Mergers and Acquisitions

  • IFLR 1000

    "Positively Ranked"

    Mergers and Acquisitions

  • IFLR 1000

    Leading Practice

    Private Equity

  • IFLR 1000

    "Positively Ranked"

    Private Equity

  • AsiaLaw Profiles

    Leading Practice

    Corporate / Mergers and Acquisitions

  • AsiaLaw Profiles

    Leading Practice

    Private Equity

  • AsiaLaw Profiles

    "Recommended"

    Corporate / Mergers and Acquisitions

  • IFLR 1000

    Leading Practice

    Mergers and Acquisitions

  • IFLR 1000

    "Positively Ranked"

    Mergers and Acquisitions

  • IFLR 1000

    Leading Practice

    Private Equity

  • IFLR 1000

    "Positively Ranked"

    Private Equity

  • AsiaLaw Profiles

    Leading Practice

    Corporate / Mergers and Acquisitions

  • AsiaLaw Profiles

    Leading Practice

    Private Equity

  • AsiaLaw Profiles

    "Recommended"

    Corporate / Mergers and Acquisitions

Insights

  • Hong Kong Listing Rules Summary: Pre-IPO Restructuring

    "Hong Kong is an international financial center with deep capital markets tied to China. Total equity funds raised through initial public offerings (“IPOs”) in 2010 exceeded US$57 billion, ranking the Stock Exchange of Hong Kong (“SEHK”) as the global leader in equity fund raising through IPOs. By comparison, in the same year, total equity funds raised through IPOs on the New York Stock Exchange and Stock Exchange of London was less than US$35 billion and US$16 billion, respectively.