White & Case > Hong Kong, Hong Kong > Firm Profile

White & Case
16th Floor, York House
The Landmark
15 Queen’s Road Central
Hong Kong SAR
Hong Kong

Hong Kong > Banking and finance Tier 1

Praised as ‘commercial, practical and efficient’, the ‘excellent team’ at White & Case acts for lenders, sponsors and borrowers on big-ticket, cross-border transactions across Greater China and the wider APAC region. ‘Top notch’ Eugene Man leads the team and maintains a strong track record in structured private debt and credit financing mandates, in addition to leveraged finance matters in Greater China. Baldwin Cheng counts private equity funds among his key roster of clients, and Clara Shirota, who splits her time between the firm's Hong Kong and Tokyo, advises on deals concerning leveraged acquisition and take-private finance, refinancings, dividend recapitalisations and restructurings, debt buy-backs and bank/bond transactions. Sabrina Lee is another key contact in the group.

Practice head(s):

Eugene Man

Other key lawyers:

Testimonials

‘Excellent team. Commercial, practical and efficient.’

‘Eugene Man is top notch. Swift to act, quick to come up with solutions and reach a good outcome for both parties.’

‘One of the best teams in the market. Technically excellent. Responsive, commercial, super-helpful and has a great bench. First rate in all respects.’

‘Eugene Man is an excellent partner, responsive, commercial and very helpful. Excellent operator and a market leader.’

Key clients

Advent International

Asian Development Bank

Barclays Bank

BDO Unibank

BNP Paribas

Brookfield Asset Management

Carlyle

CBC Group

Citigroup

CMOC Group Limited

Deutsche Bank

Dignari Capital Partners (HK) Limited

DigitalBridge GroupE. Sun Commercial Bank

First Abu Dhabi Bank PJSC

Gaw Capital Partners

ICBC International Finance Limited

International Finance Corporation

Oaktree Capital Management

RRJ Capital

TA Associates

TPG Capital

Hong Kong > Private equity Tier 1

Acting for lucrative list of global private equity houses, White & Case boasts broad strength spanning the tech, energy transition, and oil & gas spaces. The 'extremely commercial and aggressive' Daniel Yeh heads the practice, with his broad knowledge of tender offers and going private transactions. Having been promoted to partner in January 2024, the 'detailed oriented and thoughtful' Shifeng Ni routinely advises on private equity driven M&A transactions and strategic investments. Paul Tang counts private equity firms and their portfolios, and both public and private companies among his diverse client base, often assisting with buyouts and growth capital investment issues, while William Fong remains a key name for cross-border divestitures. Steven Sha is well-placed to advise on the full range of private equity transactions, including PIPEs and joint ventures.  

Practice head(s):

Daniel Yeh

Testimonials

‘Extremely resourceful across multiple markets – Beginning to integrate AI into documentation interpretation.’

‘Daniel Yeh is extremely commercial and aggressive. Creative in negotiation and advisory.’

‘Shifeng Ni is detailed oriented and thoughtful.’

Key clients

AGIC Capital

Chenghe Group

CMC Capital Partners

Copenhagen Infrastructure Partners

Deutsche Bank AG

EMK Capital Management Limited

GDS Holdings Limited

Goldman Sachs

Morgan Stanley Private Equity Asia

Shandon Hi-Speed Holdings Group Limited

Warburg Pincus

Work highlights

Hong Kong > Investment funds Tier 2

With strong core investment fund expertise in Hong Kong and also able to leverage broader tax and financial services regulatory across the firm's US offices, White & Case is well-positioned to advise a loyal roster of fund managers and institutional investors (including sovereign wealth funds) setting up or investing in private funds deploying capital across a range of alternative strategies. Team head Anthony Wong is 'outstanding' and regularly helps sponsors establish large-cap closed end fund platforms, including in the real estate space.

Practice head(s):

Anthony Wong

Other key lawyers:

Ilan Wong; Rebecca Ling

Testimonials

‘It is a very responsive group.’

‘They are very diligent and efficient.’

‘Anthony Wong is outstanding.’

Key clients

ADM Capital

Align Partners

Aquilius Investment Partners

ESR

GIC

GDS Holdings Limited

Gobi Partners

gumi Cryptos Capital

PAG

Seraya Partners

Yamauchi Family Office

Work highlights

Hong Kong > Capital markets (debt) Tier 3

Working on its own, as well as frequently alongside colleagues in Mainland China and Singapore, White & Case is well-versed in advising arrangers/underwriters, in particular, on a variety of standalone debt issuances and those in the context of MTN Programmes throughout Greater China and the broader APAC region. The team, which is led by Jessica Zhou, has also been active on liability management-related matters, as well as advising development banks as guarantors to sovereigns on private placements.

Practice head(s):

Jessica Zhou

Other key lawyers:

Xuan Jin

Key clients

African Development Bank

Asian Infrastructure Investment Bank

BOCI Asia Limited

Deutsche Bank

Work highlights

Hong Kong > Corporate (including M&A) Tier 3

White & Case houses a broad offering which is recommended for its strength in private M&A. The 'dedicated and absolutely brilliant' Christopher Kelly leads the team with his longstanding expertise in M&A, particularly within the energy and infrastructure sectors. Praised by clients for being 'truly talented and innovative', Steven Sha is well-versed in carve-out acquisitions and joint ventures. Paul Tang is a key contact for Chinese companies and equity backed sponsors, often assisting with investments into China and overseas acquisitions.

Practice head(s):

Christopher Kelly

Other key lawyers:

Testimonials

‘Steve Sha is truly talented and innovative in structuring deals and providing solutions to clients. Highly recommend him to anyone who is in this field.’

‘The expertise, experience and the level of service delivered by the team was exceptional.’

‘Christopher Kelly – Dedicated and absolutely brilliant, and delivered exceptional legal advice. An amazing negotiator who is extremely experienced and will be an excellent go to lawyer for any type of M&A.’

Key clients

Accelleron Industries AG

Cathay Pigments Holdings Ltd

Petroliam Nasional Berhad

Schneider Electric

Shandong Hi-Speed Holdings Group Limited

Zhejian Huayou Cobalt

Work highlights

Hong Kong > Restructuring and insolvency Tier 3

Frequently acting for petitioners in major bankruptcy claims and assisting groups of noteholders in liquidation cases, White & Case houses a multilingual and multidisciplinary team which represents domestic and international clients. Since joining in September 2023, practice head Sophie Lyall brings vast expertise in all aspects of restructuring, insolvency, and special situation issues to the outfit, Baldwin Cheng primarily focuses on the contentious side of liquidations, while Wilfred Ho is an international arbitration expert. Eugene Man predominantly advises banks and corporates, and Jessica Zhou is also highlighted as a key member of the team.

Practice head(s):

Sophie Lyall

Other key lawyers:

Testimonials

‘Very strong on restructuring matters.’

‘Sophie Lyall brings a calming reassurance on restructuring cases and is a top choice for guiding parties through the intricacies of schemes and other matters. Very astute and a real pleasure to work with.’

Work highlights

Hong Kong > Structured finance and securitisation Tier 3

Although it has less longevity than many of its peers, the Hong Kong team at White & Case has made some market inroads, advising banks, private wealth clients, corporates and funds across a range of cross-border derivatives and structured finance transactions and regulatory matters. The team has also continued to gain traction advising on APAC-related equity derivatives transactions documented under New York and English law. Nathaniel Crowley heads the team and is skilled at handling OTC derivatives as well as cash and synthetic securitisations. Crowley also regularly works alongside other international offices throughout the region, including Singapore, which was recently strengthened following the relocation of former Hong Kong mainstay Xuan Jin.

Practice head(s):

Nathaniel Crowley

Other key lawyers:

Xuan Jin (Singapore)

Testimonials

‘Very strong technical and drafting skills. Ability to analyse long and complex documents in a short timeframe.’

Key clients

Asian Infrastructure Investment Bank

Australia New Zealand Banking Corporation (ANZ)

BNP Paribas

Charoen Pokphand Group

China CITIC Bank International

Cinda International

Credit Agricole Corporate and Investment Bank

Credit Suisse

EIG Global Energy Partners

SMBC

Societe Generale

Timemerchant Capital

Work highlights

Hong Kong > Dispute resolution: litigation

China > Banking and finance: foreign firms

'One of the best teams in the market', White & Case LLP's banking and finance offering acts for major international and domestic banks along with alternative capital providers. It continues to strengthen its practice acting for private equity sponsors on leveraged finance transactions. 'Excellent partner' Eugene Man heads the team from Hong Kong, particularly noted for his work in structured private debt and credit financing. David Li is executive partner of the Beijing office, focusing on China inbound and outbound financing and investment transactions. Also in Beijing, Cherry Zhou has experience of sustainability-linked loans; Frank Shu is the go-to for Shanghai, experienced in acquisition finance, structured finance, and real estate finance.

Practice head(s):

Eugene Man

Other key lawyers:

David Li; Baldwin Cheng; Frank Shu; Cherry Zhou; Manley Leung

Testimonials

‘David Li has wide knowledge of banking and non-banking legal frameworks, excellent communication and coordination skills among Chinese transaction stakeholders.’

‘One of the best teams in the market – technically excellent, responsive, commercial, super-helpful and great bench. First rate in all respects.’

‘Eugene Man leads the practice and is available, responsive very commercial and transparent. Excellent partner.’

‘David Li from White & Case (Beijing) is an excellent banking & finance lawyer. David demonstrates remarkable depth of knowledge and expertise in private credit transactions. Client service is top-notch, always responsive and is very commercial. One of my favourite external lawyers.’

Work highlights

China > Private equity: foreign firms

White & Case LLP's China private equity team acts for significant private equity investors and targets in Greater China (as well as across the Asia-Pacific region) on major transactions. On the mainland, Vivian Tsoi acts for global corporations and Chinese state-owned and private enterprises on big ticket, multi-jurisdictional matters; Yan Yan is a recently-raised partner; and Amy Yang's wide-ranging practice includes private equity work. In Hong Kong, Daniel Yeh is Asia private equity head, while Christopher Kelly is also a well-known private equity practitioner. Transactions expert Alan Bao joined the Beijing office in March 2024 from O'Melveny.

Practice head(s):

Daniel Yeh

Other key lawyers:

Vivian Tsoi; Christopher Kelly; Yan Yan; Alan Bao; William Fong; Steve Sha; Amy Yang

Key clients

AGIC Capital

Chenghe Group

CMC Capital Partners

Copenhagen Infrastructure Partners

Deutsche Bank

EMK Capital Management

GDS Holdings

Goldman Sachs

Morgan Stanley Private Equity Asia

Shandong Hi-Speed Holdings Group

Warburg Pincus

China > Regulatory/compliance: foreign firms

White & Case LLP‘s corporate investigations team in China routinely assists with the prevention and resolution of regulatory and criminal enforcement matters, as well as investigations and associated civil claims (both in China and globally). Providing notable support from Hong Kong, James Hsiao is experienced in international anti-corruption investigations, anti-money laundering, risk management, and regulatory and compliance issues. Anti-corruption investigation and compliance practitioner Bob Li is the key name in Beijing. Bingna Guo left the firm in October 2024.

Other key lawyers:

Testimonials

‘The team is extremely efficient and serious.’

Key clients

Audit Committee of ZTO Express

Audit Committee of GigaCloud Technology

Audit Committee of Full Truck Alliance Co

Goldman Sachs Asset Management

Goldman Sachs (Asia)

Jio Platforms

Cloopen Group Holding

Work highlights

  • Represented the audit committee of GigaCloud in an independent investigation into certain allegations, which were raised by a short seller report regarding alleged falsified financial statements, under-reported labour costs, undisclosed related party transactions, and other accounting irregularities.
  • Advised Goldman Sachs (Asia)  on multiple compliance matters involving investments in Chinese targets.

China > Corporate and M&A: foreign firms

Operating a fully integrated M&A team across offices in Beijing, Shanghai, and Hong Kong, White & Case LLP displays ‘expert level knowledge’ when advising on outbound investments, complex joint ventures, and cross-continental acquisitions. Vivian Tsoi consistently acts for global corporations and Chinese state-owned entities. Yan Yan is a private equity specialist, and Alan Bao primarily concentrates on IPOs. Paul Tang is knowledgeable on dispositions and buyouts, and Amy Yang is also recommended.

Other key lawyers:

Testimonials

‘Very good at M&A. Expert level knowledge in oil & gas, internet.’

‘Put client interest first and navigate through complexity.’

‘Highly Seasoned and sophisticated M&A team; Can provide solutions which are not only legal, practical but also creative; Know well your client and even its industry.’

‘Very reliable M&A team. Quality service as always.’

‘Pro-active, responsive, competent, business-oriented.’

‘Exceptional understanding of the market and practical and actionable advice that helps drive deals forward and ultimately minimizes outside legal spend. Many firms can deliver correct legal advice, but few are able to cut through the noise to deliver results like White & Case.’

‘Vivian Tsoi of the Shanghai office is a superstar in the M&A field and is in high demand by foreign clients seeking to do business in China. In recent years that work has also extended to foreign companies seeking to relocate from China and outbound investment by Chinese companies. She is a tireless and canny advocate for her clients and understands the pitfalls and risks of transactions in China perhaps better than anyone. Yan Yan, also of the Shanghai office, has made a lasting and favorable impression on business teams for her responsiveness and industry insights and is considered (with good reason) to be a rising star in the Chinese legal market.’

Key clients

Accelleron Industries AG (carved out from ABB)

Arbos Technology Group Company Ltd.

BVCF Management Ltd.

Copenhagen Infrastructure Partners (CIP)

CVC Capital Partners

Hopu Investment Management Co. Ltd.

Kemira Oyj

Nestlé

PAG

Petroliam Nasional Berhad (Petronas)

RRJ Capital

Saudi Aramco

Shandong Hi-Speed Holdings Group Limited

Schneider Electric

Zhejiang Huayou Cobalt

Work highlights

Singapore > Corporate and M&A: foreign firms

Praised as ‘responsive and commercial’, the team at White & Case Pte. Ltd. has bolstered its prowess in high-profile energy M&A, with additional expertise in private equity transactions and date centre investments. ‘Exceptional’ practice leader Jonathan Olier maintains a strong track record in M&A and private equity deals, cross-border joint ventures and private capital mandates, and counts private equity houses, corporates, investment funds and family offices among his key roster of clients. Tzi-Yang Seow, who advises on buyouts, growth equity investments and disposals, going private transactions and joint ventures, is another key contact in the group. Jessica Leung was promoted to partner in January 2025.

Practice head(s):

Jonathan Olier

Other key lawyers:

Testimonials

‘Responsive and commercial. Able to offer solutions during negotiations.’

‘They work day and night, and the response turnaround time is amazing.’

‘The partner that really stands out is Jonathan Olier; he is exceptional and practical.’

‘Jonathan Olier’s team is very prompt and always on the ball. In order to turn around the drafts, his team will work round the clock to incorporate their comments and revisions. Very dependable.’

‘W&C has a very diverse team with a broad range of services available. Especially in big multi-geographical and complex transactions, we tend to choose W&C because we can tap into their expertise anytime throughout the deal. Responses are very quick and prompt.’

‘It is mainly the quality of the work and timeliness of the turnaround time that makes us always go back to W&C. ’

Key clients

ESR Singapore Pte Ltd.

TPG Capital (Australia) Pty Ltd.

Growtheum Capital Partners

QIA

EDFI Management Company SA

Brookfield Asset Management

PCGH/bolttech Holdings Ltd.

EMK Capital Management Limited

PAG

Schneider Electric Industries SAS

Work highlights

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