Sarah (Ying) Zeng, a partner in Orrick’s Beijing office, is a member of the M&A and Private Equity Group. She has more than 25 years of corporate law experience serving Chinese state-owned enterprises (SOEs) and U.S. multinational companies.

Sarah’s practice focuses on China outbound M&A, foreign direct investment (FDI) transactions in China and other cross-border transactions with Chinese components. She has extensive experience in representing Chinese SOEs, private corporations and private equity funds, as well as multinational corporations in cross-border M&A transactions, including divestitures, joint ventures and FDIs.

Having served as general counsel of the Hong Kong-listed Weichai Power (China’s largest engine manufacturer), and the vice president and country manager (China) for El Paso Corporation (a Fortune 500 energy company), Sarah is uniquely positioned to provide clients with practical, specific and dynamic advice with her combined legal and business insights and in-depth knowledge in the energy, infrastructure and manufacturing sectors. During her time at El Paso Corporation, Sarah chaired the boards of four major power plants owned by the company in China for eight years.

Prior to joining Orrick, Sarah was a managing partner at Dentons’ Beijing office.

  • China Minmetals in:

    • its US$6 billion mining asset acquisition of the Las Bambas copper mine in Peru from Glencore-Xstrata.
    • its internal re-organization of more than US$10 billion of its global assets under its Hong Kong investment arm.
    • its US$1 billion issuance of preferred shares in a private placement.

    China Gold in its US$330 million acquisition of one of the top 10 largest gold mines in China from Eldorado Gold, a Toronto and New York dual-listed company.

    Geo-Jade Petroleum Corporation in:

    • the US$450 million acquisition of Bankers Petroleum Ltd., the largest Albanian oil company.
    • the acquisition of oil assets in Kazakhstan, including a block located in the Kokpansor Depression of Chu-Sarysu Basin.

    SunPower in:

    • the US$170 million buyout of its Malaysian joint venture partner.
    • various investments in China, including its joint venture to develop, own and/or sell power plants in Sichuan, China with several Chinese joint venture partners; five joint ventures to develop, own and/or sell power plants with several Chinese joint venture partners in Sichuan and the Inner Mongolia Special Autonomous Region, China; and manufacturing joint ventures with several Chinese joint venture partners in Inner Mongolia Special Autonomous Region and Jiangsu, China.

    Ministry of Commerce of the People's Republic of China (MOFCOM) in an International Centre for Settlement of Investment Disputes (ICSID) arbitration brought against China by a Korean real estate developer, which case was dismissed after the first hearing.

    Aviation Industry Corporation of China (AVIC) in a U.S. litigation vacating a significant arbitral award against the company.

    CEFC China Energy in:

    • its US$114 million acquisition of 51% of the oil assets in Chad from the Taiwanese state oil company.
    • its US$680 million acquisition of a majority stake in the European unit of KMG the state oil company of Kazakhstan, which was the largest investment from China in Central Europe at the time.

    Geely in:

    • its investment disputes with Derways in Russia through negotiation and restructuring.
    • its acquisition of a controlling interest in Lotus and joint venture with Proton in Malaysia.

    Foton, the largest Chinese truck producer, in its acquisition of a Swiss company, including its trademarks.

    Sinopec in “closing out” a US$1.9 billion EPC contract with the project owner, Kazakhstan Petrochemical Industries, Inc., for a project in Kazakhstan.

    China Coal in its attempted acquisition of a UK AIM listed company, which has coal mines in Mozambique.

    China General Nuclear Power Company (CGNPC) in its proposed acquisition of solar power stations in Ukraine.

    BOE Technology in its acquisition of a technology company in Silicon Valley.

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