East Asia - Hong Kong

Linklaters

Linklaters‘ derivatives and structured products team has ’a deep understanding of China in the ever-evolving legal and regulatory environment‘ and is equipped to provide multidisciplinary advice on matters related to OTC derivatives transactions (including China-Hong Kong connect schemes), listing rule obligations, loan backed securities, carbon trading platforms, and cryptocurrency and digital assets. Its stellar client roster includes major financial institutions, commodity future exchanges, and international corporates. Clients also praise the team’s ’long-term good cooperative relations with organisations such as the ISDA Association and the NAFMII Association‘, an area in which it frequently drafts netting and collateral opinions, electronic contracts, and digital assets definitions. At the helm of the practice is Chin-Chong Liew, who boasts expertise in the full range of OTC derivatives, including FX, rates, equity and fixed income, as well as primary market issuances across Asia. He is also a key point of contact for Chinese exchanges and clearing houses in relation to their internalisation programmes. Other key names to note include Victor Wan, who advises on structured corporate and OTC derivatives across asset classes; Stephen Song, an expert in equity and private credit transactions; and Karen Lam, who has particular insight into the PRC market and has recently been active in advising on the establishment of the China-Hong Kong stock connect, bond connect, and swap connect trading and clearing platforms. I-Ping Soong focuses her practice on regulatory issues concerning OTC derivatives.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team has a high degree of professionalism in legal, regulatory and documentation matters related to derivatives, and has a very accurate grasp of the details of various agreements related to derivatives including interest rates, foreign exchange, bonds and credit, and has a deep understanding of China in the ever-evolving legal and regulatory environment; careful and professional legal advice can be given in all aspects.'

  • 'The firm has long-term good cooperative relations with organisations such as the ISDA Association and the NAFMII Association, which is an important competitive advantage in the same industry.'

Abbreviated data is displayed for this firm.

Key clients

  • Hong Kong Exchanges and Clearing Limited (HKEX)
  • Bond Connect Company Limited

Abbreviated data is displayed for this firm.

Work highlights

  • Advised Hong Kong Exchanges and Clearing Limited (HKEX) on the structuring, drafting of documentation for, and the regulatory and legal issues on the establishment of Swap Connect.
  • Advised The Hong Kong Mortgage Corporation Limited on the offering of the first infrastructure loan backed securities (ILBS) in Hong Kong SAR. HKMC acted as collateral manager, sponsor and retention holder on this inaugural issuance.

Abbreviated data is displayed for this firm.