China Awards and Recognition
The American Lawyer
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Orrick was named to The American Lawyer's prestigious "A-List" for the third consecutive year in 2009. The list, which "aims to measure and quantify the qualities that define an elite law firm," ranks the nation's top law firms on the basis of not only financial results but also associate satisfaction, diversity and pro bono contribution.
Orrick consistently ranks as one of The American Lawyer’s leading law firms in its annual "Corporate Scorecard" report, focusing on the firms with the most active corporate finance and capital markets practices. Orrick is recognized in the areas of municipal bonds (No. 1 for Bond Counsel and Underwriters' Counsel), asset-backed securities (ranked among the Top 5) and mortgage-backed securities (ranked among the Top 5).
Asialaw
- Capital Markets and Corporate Finance:
For the third consecutive year, Christopher Stephens, Orrick's managing partner for Asia, was recognized in Asialaw's annual Leading Lawyers Survey as "one of the most highly-acclaimed legal experts" in the Asia-Pacific region in the practice areas of capital markets and corporate finance (2008).
Asian-Counsel
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Structured Finance:
Orrick received Asian-Counsel's 2007 "Deal of the Year" award for our work with Standard Chartered Bank as arranger of the US$1.29 billion seventh RMBS for Standard Chartered First Bank Korea. This is the largest Asia (excluding Japan) securitization transaction to date.
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Real Estate:
Orrick Tokyo lawyers represented the largest independent real estate fund in Japan in its ¥143 billion (US$1.2 billion) acquisition and financing of the Shiba Park office building, the largest single developed property acquisition completed at that time in Japan. The transaction was named a finalist for both the 2006 "Real Estate Deal of the Year" award from Asian-Counsel and the 2007 "Real Estate Deal of the Year" award from Asian Legal Business Japan Law Awards.
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Mergers and Acquisitions:
Orrick's China team advised Corporación IMPSA S.A. and Industrias Metalúrgicas Pescarmona S.A. in the restructuring, acquisition and divestiture of the Caliraya-Botocan-Kalayaan Power Complex in Laguna, Philippines. This project was selected by Asian-Counsel as an "M&A Deal of the Year" in 2006 and was described in the International Financial Law Review as "a remarkable case study in divestiture strategy."
Asian Legal Business
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Real Estate
Orrick's China team advised Credit Suisse on the offshore security for its guaranteed US$100 million financing of the Shanghai Square Project, a 38-story 80,000 square meter office and retail project in Shanghai. This project received the "Real Estate and Construction Deal of the Year" award in 2006 from Asian Legal Business, which recognized the advanced level of legal services required to complete financings that were structured as dual-currency onshore and offshore loans involving a complex series of offshore security arrangements that crossed four jurisdictions.
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Mergers and Acquisitions
Orrick's China team was a finalist for the Asian Legal Business M&A "Deal of the Year" award in 2006 for the US$500 million privatization of Sinopec Beijing Yanhua Petrochemical Company Limited by China Petroleum & Chemical Corporation. The transaction involved the first case of delisting of H shares from the Hong Kong Stock Exchange and American Depository Receipts from the New York Stock Exchange.
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Asian Legal Busines Fast 30
Orrick’s Asia-Pacific presence was recognized in the Asian Legal Business 2006 Fast 30 awards as “one of the Asia-Pacific region’s fastest-growing and most dynamic law firms.” The publication noted "Orrick took the spotlight at the end of last year when it secured the transition of the Hong Kong and Shanghai offices, as well as the majority of the Beijing office, of Coudert Brothers… the transition of the three offices… marked an unprecedented three-pronged entry into the China market..."
Chambers & Partners
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Chambers Global 2008
Asia-wide Practice - Capital Markets: Securitisation, Derivatives & Structured Products
- The Firm: "Orrick wins plaudits as a 'strong newcomer in Hong Kong,' 'while in Japan it is considered 'a long-established player' in the property securitisation field. … [I]n Hong Kong the hire of Michelle Taylor has been a real boost to the practice. Lawyers here have been involved in many Korean transactions as well as numerous pioneering deals in the Asia-Pacific region, such as the first CMBS in the PRC, the first whole business securitisation in Asia and the first future flow transaction in Korea, to name just a few." (Orrick is ranked in the Band 2 category.).
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Chambers Global 2008 China/Hong Kong - Capital Markets: International & Hong Kong Law: Securitisation
- The Firm: "'Rising quickly,' the Hong Kong team is lauded for its securitisation and other structured finance work. The 'excellent team' assists clients across the region with a wide spectrum of securitisation transactions, and can draw upon the firm’s global securitisation strengths - the latter being something that particularly attracts clients. Lawyers have worked on many Korean transactions, liaising closely with colleagues from the Tokyo office." (Orrick is ranked in the Band 2 category.)
- The Lawyers: "'Fabulous for securitisation,' Michelle Taylor is known for her 'responsiveness, hard-working nature and track record.' She brings nearly 14 years’ securitisation experience in London and Asia to transactions." (Michelle Taylor is ranked in the Band 1 category for China/Hong Kong - Capital Markets: International & Hong Kong Law: Securitisation.)
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Chambers Global 2008 China/Hong Kong - Capital Markets: International & Hong Kong Law: Equity
- The Lawyers: "Orrick, Herrington & Sutcliffe LLP's Mark Lee is widely praised for his 'impressive, proactive' work on IPOs.
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Chambers Asia 2008 Hong Kong - Corporate/M&A
- The Firm: "This 'very professional' team of 23 lawyers works mainly in Hong Kong and China but also advises on M&A in South East Asia and Australia. The group has expertise in corporate investments both in and outside of China, and has established a number of joint ventures and start-ups of foreign-owned businesses. Sectors represented include fast food, transport, entertainment, energy and banking. Clients benefit from this Hong Kong team’s worldwide firm network: 'Their network helps us greatly with international bidding,' said one client."
- The Lawyers: "Managing partner for Asia, Christopher Stephens is a 'result-oriented practitioner' admired by clients for not 'just thinking as a lawyer but for considering business strategy too.'" (Christopher Stephens is also recognized in the category of "Hong Kong-based Experts" for China: Corporate/M&A.)
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Chambers Asia 2008 Hong Kong – Dispute Resolution
- The Firm: "A comparative newcomer to the greater China market, this US firm opened its Hong Kong branch in 2005, taking on the entire staff of Coudert Brothers. The firm continues to build on its reasonable litigation practice and its reputation in regulatory-related disputes. It has recently expanded its dispute resolution capabilities with a number of prominent new staff acquisitions."
- The Lawyers: "The 'knowledgeable and commercial' Robert Pe is 'particularly sought-after' and 'highly recommended.' Clients are impressed with his 'rapid identification of the key issues' and his 'detailed and thorough' responses to queries. He is dual-qualified in England and Hong Kong." (Robert Pe is ranked in the Band 2 category for Hong Kong: Dispute Resolution.)
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Chambers Asia 2008 Hong Kong – Restructuring/Insolvency
- "Robert Pe has recently moved to Orrick, Herrington & Sutcliffe LLP, where he is a partner in the litigation department. Market sources recognise him as 'a good practitioner - he’s very experienced and highly regarded in the insolvency world.' He undertakes contentious insolvency work as part of his wider commercial litigation practice." (Robert Pe is ranked in the Band 1 category for Hong Kong: Restructuring/Insolvency.)
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Chambers Asia 2008 Hong Kong - Fund Management
- "Sook Young Yeu is well known in the market for her funds work, and heads Orrick, Herrington & Sutcliffe LLP’s investment fund formation team across Asia. Yeu has more than 20 years’ experience in Hong Kong, as well as having worked in New York, and her client base includes venture capital funds, private equity funds and hedge funds." (Sook Young Yeu is ranked in the Band 2 category for "Notable Practitioners" in Fund Management.)
China Law & Practice
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Capital Markets:
Orrick's China team received the 2008 China Law & Practice "Deal of the Year" award in capital markets for its work on the Shandong Chenming Paper Holding Limited IPO transaction. In this transaction, Orrick advised the underwriters in an IPO for the first Chinese company with three categories of shares issued: A-shares denominated in Renminbi, B-shares denominated in foreign currency (listed on the Shenzhen Stock Exchange) and H-shares (listed on the Hong Kong Stock Exchange).
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Securitization and Structured Finance:
China Law & Practice selected Orrick as a finalist for the 2007 "Firm of the Year" (Securitization & Structured Finance) and 2007 "Deal of the Year" (Securitization & Structured Finance) awards for our work on the largest Asia (excluding Japan) securitization transaction to date. The US$1.29 billion transaction involved the securitization of a portfolio of residential mortgage loans originated by Standard Chartered First Bank Korea and arranged by Orrick client Standard Chartered Bank.
Euromoney
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Project Finance:
Orrick’s China lawyers structured and completed the RMB 1.7 billion (US$200 million) dual-currency, six-tranche project financing for Royal Vopak’s liquefied chemical storage and logistics facility in Shanghai. In 2005, this project received the Asia-Pacific “Logistics Deal of the Year” award from Euromoney and is a central feature of the Shanghai Chemical Industrial Park, which is planned to be one of the largest and most integrated chemical and petrochemical production and logistics bases in Asia.
IFLR
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Orrick’s Asia financial markets team was selected as a finalist for IFLR's 2007 "Securitization Team of the Year" award for our work on the largest Asia (excluding Japan) securitization transaction to date. The US$1.29 billion transaction involved the securitization of a portfolio of residential mortgage loans originated by Standard Chartered First Bank Korea and arranged by Orrick client Standard Chartered Bank.
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M & A/Privatization:
Orrick’s China lawyers served as Hong Kong and U.S. counsel to Sinopec Beijing Yanhua Petrochemical Company Limited in its US$500 million privatization by China Petroleum & Chemical Corporation, which the International Financial Law Review selected as a finalist for “Asia Deals of the Year” in 2006. The transaction “stood out for the level of legal complexity and innovation” and it “pioneered a new way for PRC companies to privatize overseas listed companies.” The transaction involved the first delisting of H-shares from the Hong Kong Stock Exchange and American Depository Receipts from the New York Stock Exchange.
Legal 500
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Managing Partner, Asia
Christopher Stephens
+852 2218 9111
cstephens@orrick.com
Office Leader
Michelle Taylor
+852 2218 9177
mtaylor@orrick.com
China Practice brochure
(PDF format, 1Mb)
Greater China Dispute Resolution Practice
(PDF format, 1Mb)
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