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Norton Rose advises consortium of banks on $500m bond issuance

Global law firm Norton Rose Fulbright has advised Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, Emirates NBD Bank PJSC, Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, J.P. Morgan Securities plc and Société Générale as joint lead managers on a US$500 million bond issuance by Emirates NBD Bank PJSC.

The notes are due February 2025 and were issued off Emirates NBD Bank PJSC’s $12,500,000,000 Euro Medium Term Note Programme, which was updated in July 2019 and on which Norton Rose Fulbright also advised.

The Dubai-based Norton Rose Fulbright team was led by head of debt capital markets for the Middle East, Gregory Man, with assistance from senior associate, Ganna Vlasenko.

Gregory Man commented: “We are proud to have been involved in this transaction. This deal builds on Norton Rose Fulbright’s track record of advising on notable bond transactions in the region and once again provided us with the opportunity to represent many of our leading financial institutions clients.”

About Norton Rose Fulbright

We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,700 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

Recognised for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

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Dentons Hong Kong awarded Pro Bono Law Firm Award

Dentons Hong Kong has received the Bronze Law Firm Award from the Law Society Pro Bono and Community Work Recognition Programme 2019. This programme aims at promoting and encouraging Hong Kong legal practitioners serving pro bono and community work.

Hong Kong Partner Julianne Doe was also recognised for her outstanding dedication to pro bono and community service, by being the recipient of the Distinguished Community Service Award and the Individual Gold Award at the same programme.

Commenting on this achievement, Julianne, who is also Chair, Dentons’ WomenLEAD for Hong Kong, said: “These awards reflect our ongoing commitment to volunteering pro bono/community service, demonstrating creation of social value in our community and in line with our professionals’ global commitment to apply our legal and business skills, passionate commitment and boundless energy to helping others. Not only do we get involved personally, we create a platform for young people to do so by participating in university initiatives which allow law students to come into our office and be inspired by the pro bono work we do.”

“The Hong Kong office is extremely delighted to receive these recognitions and I would like to thank Julianne for passionately leading the pro bono efforts of Dentons Hong Kong for many years,” said Keith Brandt, Hong Kong office managing partner.

An enhanced platform for international arbitration

Eversheds Sutherland has further strengthened its Litigation & Disputes practice with the appointment of Wesley Pang as Partner in the Arbitration team. Wesley joins the Hong Kong practice on 6 January 2020.

Wesley has broad experience in advising global corporate clients on major, cross-border disputes. He also acts for clients on investor-State cases, on both contentious and non-contentious issues.

He joins the Eversheds Sutherland practice from the Hong Kong International Arbitration Centre where he was Managing Counsel . Wesley’s arrival comes at an important time; arbitration is the preferred dispute resolution mechanism for clients in the energy and projects sectors and Asia’s share of these markets continues to grow, and increased activity is accompanied by demand for experienced disputes lawyers.

The arbitration market in Hong Kong is growing, and more generally across Asia. This sector-driven demand emanates in part by Chinese state owned enterprises (SOEs) and other Chinese organisations. Disputes in the energy and construction sectors are also increasing, in part as a result of China’s ‘Belt and Road’ initiative. Wesley is well-placed to advise these and other Asia-based and multinational organisations that are active in the region and globally.

Stephen Kitts, Managing Partner Asia, commented:

“This is a strategic hire for Eversheds Sutherland. With Wesley’s arrival we can now offer our clients a full-service disputes offering, something very few other international practices in Hong Kong have achieved.”

“Wesley’s significant experience across a number of the global practice’s priority sectors, including energy, infrastructure and projects. His experience in advising on disputes in these sectors matches our transactional expertise, particularly in working with Chinese SOEs and corporates. Wesley is also a respected figure in the arbitration community, where he is a regular speaker at international conferences and seminars.”

Paul Worth, Co-Global Head of Litigation & Dispute Management, added:

“Clients expect the highest quality legal advisers. Wesley’s unique background combines experience on major arbitrations with a well-developed understanding of the arbitration market.”

“He joins the Hong Kong team on the same day as Mark Hughes, who joins from Slaughter and May. Their arrival is a very clear demonstration of our commitment to develop our Asia practice. This follows a number of other significant, strategic hires globally during the calendar year for 2019, as we build on our existing platform as the 7th largest disputes practice in the world.”

If you would like to find out more information, please visit: https://www.eversheds-sutherland.com/

HFW boosts fast-growing transactional offering

Global, sector-focused law firm HFW has continued to expand its fast-growing transactional offering with the hire of senior corporate finance partner Wing Cheung.

Wing specialises in capital markets, including initial public offerings, as well as M&A, private equity and other transactional work. He joins HFW’s Hong Kong office from US law firm Locke Lord, where he was Hong Kong Managing Partner.

Wing’s arrival continues HFW’s significant expansion of its global corporate and finance practices. HFW launched a transactional practice in China earlier this year and has now added 19 transactional partners across its international network since 2018, including lateral hires in Abu Dhabi, Hong Kong, Houston, London, Monaco, Paris and Singapore.

Patrick Yeung, Hong Kong Office Head, HFW:

“This is a major boost to our transactional offering in Greater China and the wider region. Wing brings a wealth of experience of high-end corporate finance, and has an outstanding reputation for his technical expertise and exceptional client service. I am thrilled to welcome him to the firm.”

Wing advises clients on a wide range of corporate and commercial matters, including initial public offerings and M&A. He also has significant experience in regulatory enforcement and compliance, having acted on major investigations and other proceedings by the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission.

Wing Cheung, Partner, HFW:

“I am very excited to be joining HFW. It’s been really noticeable over the past few years that HFW is building a strong global corporate and finance practice to complement its leading reputation for disputes and sector-related work. I’m looking forward to helping the firm continue that growth, and working with the HFW transactional teams in Greater China and across the firm’s extensive international network.”

HFW has operated in Greater China for more than 40 years, having been one of the first international law firms to open an office in the country, in 1978.

The firm now has almost 80 lawyers in Greater China, including 21 partners, and is a market leader in aviation, commodities, construction, energy, insurance, shipping, commercial litigation and corporate.

HFW also recently brought in a market-leading team to launch in Monaco – one of 11 international office openings, mergers and associations since 2016, including a fully-integrated US merger and other moves in Brazil, China, Indonesia and the Middle East.

About HFW

HFW is a leading global law firm in the aerospace, commodities, construction, energy, insurance, and shipping sectors. The firm has more than 600 lawyers, including 185 partners, based in offices across the Americas, Europe, the Middle East and Asia-Pacific. HFW prides itself on its deep industry expertise and its entrepreneurial, creative and collaborative culture.

If you would like to find out more information, please visit: https://www.hfw.com/

New Partner PHOTO

Synpulse widens circle of Partners

International management consultancy Synpulse has two new partners. The appointments are a result of strong growth in the company’s business with banks and insurers in Singapore and Hong Kong.

Synpulse has appointed Prasanna Venkatesan and Salomon Wettstein as new partners, according to a news release on Thursday. The firm also announced that Yves Roesti has joined its team of managing partners.

Roesti is based in Singapore and responsible for Synpulse’s consulting business in Asia. He studied computer science and economics at the University of Zurich and started his career at Synpulse in Zurich in 2006. Since his relocation to Singapore in 2008, he has led the expansion of Synpulse’s consulting business in Asia.

Promoting Digital Roadmaps

In 2015, he was appointed partner. Under his leadership, Synpulse grew the team in Asia to 150 consultants across three key markets – Singapore, Hong Kong and Australia. In particular, Roesti has been promoting banking operating model transformations and digital roadmaps.

Wettstein joined Synpulse in 2011. He holds a Master in Computational Science and Engineering at the Swiss Institute of Technology (ETH) in Zurich. Wettstein heads the Hong Kong office and oversees the banking practice in the Greater China region. He manages strategic business and technology transformations for clients in that region and is part of the global Operational Excellence leadership team.

Consulting Private Banks

Venkatesan also started his career at Synpulse in 2011 and is based in Singapore. He holds an MBA from the Nanyang University of Technology (NTU) in Singapore. He specializes in consulting for the private banking sector in the areas of advisory excellence, large scale transformation and leads the regulatory, risk and compliance practice in Asia.

Since its founding in 1996, Synpulse has supported banks and insurers along the entire value chain – that is from the development of strategies and their operational realization to technical implementation and handover. Synpulse stands out due to the industry expertise, passion and commitment of its more than 350 employees. The firm has offices in Zurich, Geneva, Dusseldorf, Frankfurt, Bratislava, Vienna, Singapore, Hong Kong, New York and London.

JAN PHOTO

Griffith Business alumnus becomes Trade & Investment commissioner

Griffith Business School alumnus Julie-Anne Nichols has been announced as Queensland’s new Trade and Investment Commissioner for China.

Premier Annastacia Palaszczuk said Ms Nichols, who holds a Bachelor of International Business and a Graduate Diploma in Mandarin Chinese Language from the University, has exceptional experience as a leader and stakeholder liaison with the Asian business landscape that will serve her well in the key role.

“Ms Nichols has been the Queensland Trade and Investment Commissioner in Hong Kong since February 2017 and was previously the Senior Trade Commissioner for Austrade in Guangzhou and in Singapore, so her experience across Asia is outstanding,” Ms Palaszczuk said.

“She is well placed to represent Queensland’s interests in trade and investment across all industries and has an extensive knowledge of the Chinese market.”

Acting Pro Vice Chancellor (Business) Professor Fabrizio Carmignani congratulated Ms Nichols on her appointment, which will see her work to improve trade and investment ties between Queensland and China.

“We are proud to hear that one of our remarkable Griffith Business School alumni has climbed to such tremendous heights in the international trade and investment sector,” Professor Carmignani said.

“As a university with historically strong ties to the Asia region, it is deeply rewarding to see Julie-Anne living the Griffith value of engaging with our northern neighbours to achieve meaningful outcomes and impacts for the state of Queensland at large.

“We wish Julie-Anne all the best in her new and exciting role, and will be watching eagerly as she continues to move from strength to strength in her career.”

Ms Nichols has been a resident of China for a decade, during which time she has overseen several teams working across eastern China and north-east Asia.

One of her first duties, according to the state government, will be to oversee the 30th anniversary of the Queensland Government Sister-State Agreement with Shanghai Municipal Government, being commemorated this year.