Fangda Scores as Shearman & Sterling Loses Hong Kong Capital Markets Team
Partners Colin Law and Peter Chen launched a Hong Kong law practice for the U.S. firm eight years ago; now they are the latest in a wave to join Chinese firms.
October 24, 2018 at 10:46 AM
4 minute read
The Chinese firm Fangda Partners has hired Shearman & Sterling's Hong Kong capital markets team headed by Asia capital markets team leader Colin Law.
The four-lawyer team also includes Hong Kong partner Peter Chen, one counsel and one associate. A start date and details of the transition are still being worked out. Fangda and Shearman will collaborate on ongoing projects during the transition period.
Law and Chen, both Hong Kong-qualified, advise on listings and transactions related to the Hong Kong Stock Exchange. Last month, Law represented the underwriters, including Goldman Sachs and UBS, on Shanghai-based drugmaker Hua Medicine Ltd.'s $110 million initial public offering in Hong Kong. In 2016, both Law and Chen represented the underwriters on power generator maker VPower Group International Holdings Ltd.'s $208 million Hong Kong listing.
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