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Asia-Pacific 2022
Asia-Pacific Region Capital Markets
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Band 1

Chambers Review

Provided by Chambers
Capital Markets: Debt - Asia-Pacific Region
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Band 1
What the team is known for

Latham & Watkins is hugely respected for its very strong high-yield practice and has recently been highly active in this area in Hong Kong, India and Singapore. Also has a very strong practice across the region, working on investment-grade debt and equity offerings including IPOs, hybrid products and secondary offerings. Acts for a solid roster of blue-chip clients on high-profile deals throughout Indonesia, the Philippines and Thailand. Advises an enviable roster of international underwriters and notable corporate issuers. Particularly active on issuances in the energy, technology and healthcare sectors.

Strengths

A client says: "Latham & Watkins draw on their global network when advising on deals and ensure that what we do is gold standard as far as market practice is concerned. They have a very strong bench and we get a lot of good partner-level attention. They are really strong across so many markets."

A client reports: "I have found Latham & Watkins to be extremely thorough; they believe in giving the best output to the client and I have never seen any slack in their work."

A client comments the team for "always being generous with their knowledge and experience sharing," praising their "superior dedication and down-to-earth work style," while remarking: "I have never come across such a level of detailed and well-organised deal filings."

Work highlights

Latham & Watkins represented J.P. Morgan as underwriter in Vedanta Resources' issuance of a USD1.4 billion 13% bond due 2023.

Latham & Watkins advised Kuaishou Technology on its USD6.2 billion IPO and 144A/Reg S offering on the main board of the Stock Exchange of Hong Kong.

Latham & Watkins advised BofA Securities, J.P. Morgan, Goldman Sachs, Morgan Stanley, Bank of China, Credit Suisse, Deutsche Bank, HSBC and Mizuho Securities as underwriters on the offering of USD300 million 1.375% notes due 2025 and USD500 million 2% notes due 2030 by Tencent Music Entertainment Group.

Latham & Watkins advised eHi Car Services on its offering of USD300 million 7.75% senior notes due 2024.

Notable practitioners

Cathy Yeung in Hong Kong is a key contact for the firm's China practice. In Singapore, Michael Sturrock is the key contact, while the India practice is fronted by Rajiv Gupta.