Department profile
Capital Markets: Derivatives & Structured Products (International Firms)
Global Guide 2026 : China
Rankings
Ranked Individuals
Ranked Individuals
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Work Highlights
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Latham & Watkins advised UBS and HSBC on MINISO Group’s offering of 0.50% equity linked securities due 2032 in the aggregate principal amount of USD550 million.
Strengths
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They have a very deep bench and a broad array of experience. The team picks up coverage seamlessly, has very fast turnaround times, commercial advice and simple, clean documentation.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalBeyond the outstanding technical capabilities of the Latham & Watkins team, they stand out in their deep understanding of the commercial drivers of the transaction.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalI appreciate their subject matter expertise, efficient and timely delivery and frankness when giving advice.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobal
Notable Practitioners
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Band 1 
Band 1 Posit Laohaphan
Posit Laohaphan is the head of Latham & Watkins' derivatives team in Hong Kong and has a diverse derivatives and structured products practice that spans the full range of the firm's work, often involving margin lending and the issuance of equity-linked products. Posit is incredibly commercial, thoughtful, proactive and straightforward in his advice. I am vaguely suspicious that he never sleeps. On top of that he is also just a super nice guy.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalPosit is super commercial and always looks at what's new and changing in the market.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalPosit represents the gold standard of capital market lawyers and we consult him for the most complex and difficult situations.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobal
Band 3 
Band 3 Derek Chua
Derek Chua earns recognition from the market for his strong practice advising on total return swaps, hedging transactions, collar financing and margin loans for banks, PE funds and SPVs. Derek is a unique legal practitioner in that, drawing upon his deep legal expertise, he is able to cut through all the facts and get to the crux of many issues very quickly.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalHe demonstrates a high level of sophistication not just on the technical side but also in leading negotiations.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalDerek is very helpful and technically strong. He has a great attitude; we feel he understands our issues and concerns well and pursues a constructive approach to find technical solutions.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobal
Up and Coming 
Up and Coming Raymond Cheng
Raymond Cheng is a counsel in the Hong Kong office, where he assists with cross-border derivatives, structured financing and regulatory issues.
Raymond is incredibly bright and hardworking. He is well-balanced between the technical and pragmatic in his approach to issues. He is always responsive and a pleasure to work with.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalRaymond is a great lawyer and we thoroughly enjoy working with him.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobalHe is always reliable and helpful, responsive, commercially-minded and deeply knowledgeable. He always provides meaningful input.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGlobal
Ranked Individuals at Latham & Watkins LLP (3)
China
Posit Laohaphan
Capital Markets: Derivatives & Structured Products (International Firms)
View profile Derek Chua
Capital Markets: Derivatives & Structured Products (International Firms)
View profile Raymond Cheng
Capital Markets: Derivatives & Structured Products (International Firms)
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