Davis Polk’s respected and long-established practice in China is ideally suited to keep pace with the PRC’s new position as the world’s second-largest economic power. Active in China for nearly a century, we have offices in Hong Kong and Beijing. Through our China practice, which now consists of more than 80 lawyers in the region, including 10 partners and 13 counsel, the firm has been extensively involved in transactions throughout China, with a particular focus on the mainland. We are able to combine our presence and extensive experience in China with a leading global practice in complex, cross-border securities, M&A and strategic investment transactions.
Because of Davis Polk’s integrated, team-oriented approach, we are also able to apply a broad range of the firm's strengths to the matters of our Chinese clients. For example, we have world-class practices covering corporate governance, tax and executive compensation matters, all of which play a role in most of the China-related transactions on which we advise.
Davis Polk’s China practice is a leader among U.S. firms in developing a robust combined U.S., Hong Kong and English law platform, and in integrating the Asia-Pacific practice into our global transactional practice. We took the further step of adding to our practice mix a top-tier group of litigation and enforcement lawyers. We now compete directly and quite successfully against the full-service international law firms and other incumbent firms across the Asia-Pacific region in their most high-value practice areas.
Our prominent international capital markets law practice in China is highly regarded and our extensive experience includes advising on a number of the largest and most complex securities offerings ever by Chinese companies.
Davis Polk is consistently ranked among the top legal advisers (to both issuers and underwriters’ counsel) for IPOs and other equity-related transactions in China, such as rights offerings. Since 2005, we have been involved in more Hong Kong-listed IPOs than any other law firm, and our experience on the largest, precedent-setting Chinese offerings is substantial.
We have one of the premier practices for high-yield and investment-grade debt offerings, convertible and exchangeable debt securities, including both secured and unsecured transactions in China. We have been, and continue to be, one of the most active advisers to Chinese issuers and their underwriters on high-yield offerings. We also have broad experience in working with the Chinese government and several state-owned entities (SOEs) on their large sovereign debt programs. We lead the market in high-yield bonds having completed more than 20 so far this year by Chinese issuers.
As one of the firms of choice for M&A work in China, we are renowned for our work advising on complex cross-border transactions. We also advise on both public and private M&A, joint ventures, spinoffs, privatizations, direct investments, buyouts and private equity. As more and more Chinese clients look to expand outside of China, we are able to fully support them, both locally and wherever they may seek opportunities to expand globally, including the U.S., Europe, Asia, Africa and South America. We do this with smaller and more focused teams and office networks than those of our principal competitors.
China Enforcement and Compliance
We extended our global litigation and enforcement practice to Hong Kong with the arrival of partners Martin Rogers and James Wadham, two of Asia’s leading litigators. This expansion greatly complements the firm’s established U.S., Hong Kong and English law practices, enhancing our ability to deliver the best lawyers and provide critical advice to sophisticated clients in the world’s major financial centers.
Davis Polk litigators have decades of experience in China representing clients, particularly within the financial services industry, in complex regulatory, commercial litigation and arbitration matters. Our global platform – including offices in Hong Kong and Beijing – enables us to quickly and efficiently deploy experienced teams of lawyers throughout Asia.