Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

Capital Markets (International Firms) Department

China
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What the team is known for Integrated team which is highly commended across the board, and has a significant track record of work in Hong Kong. Highly sought after for ECM expertise, the team advises on major US and Hong Kong listings. Revered for its excellent high-yield expertise and offering an equally accomplished investment-grade debt practice. Active on a wide range of offerings, include project bonds, convertible notes and ADS issuances. Services clients in a wide range of industries, including gaming, technology and mining.

Strengths Clients emphasise the team's ability to co-ordinate across jurisdictions. "We're very pleased with the excellent job they've done, they're very well co-ordinated," notes one client, while another adds: "It was very difficult work and they did very well, dealing with their whole network. They're one of the highest-quality firms."

A client says: "We like to have them involved in our deals doing both Hong Kong and US IPOs. They have a very strong technology franchise, and a great network. They have accumulated a great deal of expertise from drafting so many prospectuses."

Work highlights Advised iQIYI on its USD2.25 billion ADS IPO and listing on the Nasdaq.

Represented Wynn Macau in its USD1.35 billion high-yield offering offering of senior unsecured notes in two tranches.

Notable practitioners

Highly experienced ECM counsel Christopher Betts is widely considered in the market to be integral to the team. In a highlight, he advised ZhongAn Online P&C Insurance on its USD1.525 billion IPO of H-shares on the Hong Kong Stock Exchange.

Edward Lam advises underwriters on significant large-scale high-yield issuances. He represented Sinopec Group Overseas Development in its USD3.4 billion offering of senior notes in four tranches.

Jonathan Stone is a well-established DCM lawyer, particularly well regarded for acting on complex high-yield issuances. A client enthuses: "He knows everything about covenants and disclosure. He has been personally involved extensively, and devotes incredible attention to details. An A-grade covenant lawyer."

Julie Gao maintains an exemplary ECM practice, handling several market-leading deals. "She's very well known in the market and she has a great reputation with investors as well as technical expertise," remarks one client.