Banking & Finance (International Firms) - China
What the team is known for
The banking group of Ashurst is adept at handling a range of cross-border transactions, particularly structured and project finance deals. It is regularly engaged by commercial and investment banks to advise on financing of infrastructure and energy projects. The law firm has particular expertise in outbound matters involving African and South-East Asian countries and maintains a strong following among Chinese state-owned businesses. Key clients include HSBC, Shuifa International Holdings and BNP Paribas.
Strengths
"They are pragmatic and have a good understanding of the Chinese market. They are also prompt in responding and have quick turnaround times when it comes to sticky issues."
"Ashurst has a good relationship with lenders and understands the nuisances in this space."
Work highlights
Ashurst advised the Agricultural Bank of China and Bank of China on a sustainability-linked loan valued at USD420 million for CDB Leasing.
Notable practitioners
Eric Tan is recognised for his strong rapport with financial institutions and corporations on both sides of the lending relationship. His recent work includes advising regional and international banks on offshore syndicated loans. "Eric Tan delivers exceptional quality of service, is very personable and really understands us as an institution." "He is very good, pragmatic and solution-driven as well as friendly and level-headed."
Daniel Lau is gaining a reputation in the finance sphere by offering a broad practice, covering real estate and project finance as well as syndicated loan transactions. He is particularly active on behalf of Chinese financial institutions and corporates. "Daniel understands the needs of the company and provides useful recommendations." "Daniel is very understanding of what we need and what the hurdles are, and is always calm in tense situations."
