With one of the premier capital markets practices worldwide, Davis Polk regularly ranks at or among the top international legal advisers on securities offerings of all kinds throughout Asia. Over the course of hundreds of equity and debt offerings in Asia over the past several years alone, our lawyers have been lead counsel on many landmark Asian capital markets transactions, including China’s (and the world’s) two largest-ever IPOs, the largest-ever equity offering by an Indian company and a number of the largest-ever debt and equity issuance by Japanese and Korean companies.
The offerings on which we advise span the major exchanges throughout Asia, from the largest and most active, such as those in Hong Kong, Tokyo and Shanghai, to smaller national exchanges, like those in Indonesia and the Philippines. Our lawyers bring to these offerings not only the firm’s unsurpassed experience and resources in global capital markets matters, but also a deep-seeded understanding of the unique business practices and market considerations in local jurisdictions across Asia that are essential to the structuring and execution of successful transactions.
Our lawyers in Hong Kong, Beijing and Tokyo counsel issuers and underwriters on all aspects of initial public offerings, follow-on offerings, investment-grade and high-yield debt issuances, and in the design and execution of sophisticated equity derivative products. We are also one of the primary go-to advisers to Asian governments and state-owned entities on privatizations – including more than 60 such transactions throughout Asia over the last decade – and on their sovereign debt programs. And finally, as the financial crisis has created both challenges and opportunities for many of our clients in the region, we have been highly active advising issuers and their financial advisers across an array of liabilities management-driven transactions, including tender offers, exchange offers and consent solicitations.