Allen & Overy LLP

Capital Markets (International Firms) Department

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What the team is known for Highly experienced debt team working on complex cross-border investment-grade matters and panda bond issuances. Increasingly significant high-yield practice advising on issuances relating to China, India and Indonesia. Solid equity practice advising issuers and underwriters on cross-border IPOs and secondary issuances. Represents an enviable roster of international banks, Chinese financial entities and sovereign issuers.

Strengths Commentary highlights the team's availability, with one client saying: "The firm has been absolutely outstanding in terms of providing legal advice. They've been spot-on and timely, and have assisted us many times with the optimal structuring. We also appreciate the firm’s strong commitment in terms of resources provided, as well as availability round the clock during our transactions."

Another client adds: "They are very responsive, hands-on and more importantly, commercial. They're always willing to think out of the box and provide pragmatic solutions. Very client-centric. The partners are very hands-on and give us a lot of attention, delivering very high-quality work and advice."

Work highlights Represented the joint lead managers in connection with Country Garden Holdings' USD600 million Regulation S high-yield offering.

Acted for Credit Suisse in the USD412.5 million block trade of shares in Shenzhou International.

Notable practitioners

Agnes Tsang is a rising figure in the market, known for advising on sovereign and panda bonds. "I respect her, she knows her stuff," remarks one commentator, while another observes that she is "doing well in the China market."

Mandarin-speaking Alex Tao is the up-and-coming high-yield debt practitioner driving the firm's activity in this area. A client enthuses: "He's high quality, very commercial and he can think about both the issuers' and underwriters' point of view. He has good connections and knows the regulators, which is an advantage."

John Lee retains a comprehensive DCM practice, advising on issuances ranging from green and panda bonds to MTN programmes. "He's always happy to lend an ear and get hands on," comments one client.

Jonathan Hsui is well known for his Hong Kong IPO practice, and he also advises on block trades. A client notes: "He's very hands-on, with a good sense of proportion, always able to provide pragmatic solutions to our team. It is a pleasure to work with him."

Lina Lee is recommended by clients, with one stating: "She has deep product knowledge and good commercial acumen. She's completely excellent, super-responsive and very switched-on." Her practice is focused on IPOs, and she commonly handles work relating to life sciences.

Stephen Miller has a deep knowledge of the Asian and international capital markets, with a tremendous track-record advising on high-profile debt issuances. A client remarks: "Miller is extremely strong and experienced in capital markets, he's seen half of the world's sovereign debt crises."