Department profile
Capital Markets: Derivatives & Structured Products (International Firms)
Greater China Region 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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Beyond 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) respondentGreater China RegionThey 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) respondentGreater China RegionI appreciate their subject matter expertise, efficient and timely delivery and frankness when giving advice.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China Region
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 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) respondentGreater China RegionPosit 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) respondentGreater China RegionPosit is super commercial and always looks at what's new and changing in the market.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China Region
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. He demonstrates a high level of sophistication not just on the technical side but also in leading negotiations.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China RegionDerek 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) respondentGreater China RegionDerek 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) respondentGreater China Region
Band 3 
Band 3 Michael Hardy
Michael Hardy heads the firm’s APAC securitisation practice from its Hong Kong office, managing a broad range of securitisation and derivatives matters. He is especially noted for his expertise in structured credit transactions spanning diverse asset classes.
Michael is undaunted by complexity. He is a joy to work with, very commercial and very dedicated to his work.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China RegionHe is technically excellent but also able to translate complex structuring concepts into a simplified discussion.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China RegionMichael is in tune with global regulatory and commercial developments. He always takes a proactive stance on documentation and can anticipate potential issues.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China Region
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) respondentGreater China RegionRaymond is a great lawyer and we thoroughly enjoy working with him.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China RegionHe is always reliable and helpful, responsive, commercially-minded and deeply knowledgeable. He always provides meaningful input.
Capital Markets: Derivatives & Structured Products (International Firms) respondentGreater China Region
Ranked Individuals at Latham & Watkins LLP (4)
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)
View profile Michael Hardy
Capital Markets: Securitisation (International Firms)
View profile
Latham & Watkins LLP has rankings in the following guides
Band 2 Global 2026
Practice area: Capital Markets: Derivatives & Structured Products (International Firms)
Location: China
View department profile for Global 2026
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