Allen & Overy LLP

Banking & Finance (International Firms) Department

China
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What the team is known for Maintains a market-leading reputation for advising major lenders and borrowers on a diverse range of high-value and complex transactions. Represents a growing roster of Chinese banks and alternative credit providers. Experience spans structured finance, syndicated loans and leveraged and acquisition finance. Particularly active on lending relating to real estate, logistics and the car industry. Clients benefit from the firm's impressive bench strength, with leading practitioners based in Hong Kong, Beijing and Shanghai, as well as access to a formidable global network of regional experts.

Strengths Feedback highlights the group's business acumen, with one client noting: "They're very professional, knowledgeable and intelligent. Also one of the most commercially minded law firms I have worked with. What truly sets them apart is their ability to think commercially and not only focus on the legal aspects."

A client adds: "They have out-performed and exceeded expectations. The transactions we have been involved in featured a level of complexity that has been immense. This has all been handled on a seamless basis across their offices. Their command of the detail required, and ability to deliver commercial and legally effective solutions to complex cross-border transactions has been outstanding. Client service and commercial awareness has been second to none. They are without peer in terms of legal expertise, commerciality, and in their ability to manage cross-border complexities."

Work highlights Assisted Bank of China with the USD690 million financing of Udenna Group's acquisition of a company developing a logistics hub in the Philippines.

Advised Morgan Stanley and Bank of Tokyo-Mitsubishi UFJ on the financing for the acquisition of Cardinal Health's China business by Shanghai Pharma Century Global.

Notable practitioners

Commentators note that "very active player" Cindy Lo "has spent time in China and with international investment banks, so is very experienced." She advises PRC lenders on event-driven acquisition finance and refinancing.

Fiona Cumming maintains a robust leveraged acquisition finance practice, representing international financial institutions. A client says: "She has been outstanding. Her command of detail, ability to manage multiple parties and level of commercial acumen has all been very impressive. She can deliver legally effective and commercially acceptable solutions to complex issues in new jurisdictions."

Matthew Bisley continues to act for international investment banks on a host of cross-border financing transactions. "He's very knowledgeable and thoughtful when giving advice, as well as commercially minded," comments one client.

Patrick Wong is well regarded for assisting international and Chinese financial institutions on a range of loan facilities. A client says: "He often gives useful advice on loan structure which is above and beyond the original scope, and the work is done thoroughly."

Roger Lui is esteemed for his leading banking practice, advising on a full gamut of major cross-border financing transactions. A client effuses: "I would really single him out, he's terrific, a real gentleman.  He can really calmly bring the deal together, he's the best I deal with."

Vicki Liu enjoys a good reputation with her peers, who identify her high quality as a lawyer. Alongside her role as managing partner of the Hong Kong office, she handles a wide variety of financing work spanning revolving loans, project finance and acquisition finance.

Beijing-based Yvonne Ho is esteemed by clients, with one stating: "She is excellent in dealing with Chinese borrowers and Chinese counsel, she is very patient and persuasive." She advises on impressive multi-jurisdictional syndicated financing, acquisition finance and refinancing.