Mainland China

About

White & Case has a long history in China, having established its first office in Hong Kong in 1978, and has been practicing in China for over 40 years; the Firm now has more than 70 lawyers and legal professionals based in Hong Kong, Beijing and Shanghai. Our China team is led by seasoned international and Chinese lawyers who are recognized leaders in the legal and business community. Our focus is on assisting clients as they navigate the legal issues and practicalities of inbound business to China and on Chinese corporations' outbound investments worldwide.

White & Case has one of the largest teams among international law firms in China. Our extensive experience on the ground in China gives us an active business network and the ability to execute transactions effectively.

Our Mainland China practice team is composed of English, Hong Kong and US-qualified lawyers, as well as lawyers trained in PRC law. This combination of qualifications ensures we are deeply connected to the local business community, and our deal experience over many years means we understand how to help our clients achieve their strategic objectives in Chinese and foreign markets. The majority of our lawyers are fluent in Mandarin and English.

We work with an almost equal balance of local and multinational corporations in China in their business and transactional activities across a broad spectrum of industries, including those which are highly regulated.

Our Mainland China Practice team advises on market-leading transactions, demonstrating experience in banking and capital markets, corporate/M&A, white collar/investigation, complemented by capabilities in restructuring & insolvency, antitrust/competition, disputes, litigation, international arbitration, private equity, project finance, international trade and investment funds.

 

AWARDS & RECOGNITION

Band One: Banking & Finance: Leveraged & Acquisition Finance (International Firms) in China
Chambers Asia Pacific 2017-2021
Chambers Global 2017-2020

Band One: Banking & Finance (International Firms) in China
Chambers Asia Pacific 2021

Leading firm for Banking & Finance in China
Asia-Pacific Legal 500 2020

The Elite: International Firms: China – Corporate/M&A,
Chambers Asia Pacific 2018-2021

Band One: International Trade/WTO (International Firms) in China
Chambers Asia Pacific 2020-2021

Leading China - Private Equity: Foreign Firms
Legal 500 Asia Pacific, 2020

Cross Border M&A Legal Adviser of the Year
Mergermarket China M&A 2019 Awards

Leading Projects & Infrastructure (International Firms) in China
Chambers Asia Pacific 2020-2021

Leading firm for Projects and Energy Foreign Firms
Legal 500 Asia Pacific 2020

Experience

Nestlé Waters sale of its water business to Tsingtao Brewery
Nestlé Waters, the no.1 bottled water company worldwide, on the sale of its water business in the mainland China to Tsingtao Brewery Group Company Limited, China's second-largest beer maker.

Schneider Electric minority investment in Star Charge
Schneider Electric, a global player in energy management and automation, in connection with its minority investment in Star Charge, a leading charging pole manufacturer and operator in China.

gategroup buyout
RRJ Capital in connection with its buyout acquisition and related acquisition financing of gategroup Holding AG from HNA Aviation (Hong Kong) Air Catering Holding Co., Limited.

Loan for acquisition of NVC China
The mandated lead arrangers and arranger in respect of the RMB2.9 billion acquisition financing for KKR to support its acquisition of a majority interest in NVC Lighting's China lighting business .  The deal won the "Finance Deal of the Year" at ALB Hong Kong Law Awards 2020.

Sony Corporation investment into Bilibili
Sony Corporation of America, a subsidiary of Sony Corporation, in its investment of approximately US$400 million in Bilibili Inc., a China-based provider of online entertainment services, through subscription of new shares. As a condition to closing, Bilibili and Sony Corporation entered into a business collaboration agreement to pursue collaboration opportunities within the area of entertainment business in the Chinese market, including anime and mobile games.

Radisson Group acquisition financing
A syndicate banks on the €800 million multi-tranche refinancing for a consortium led by Jin Jiang International Holdings Co. The syndicate was led by Industrial and Commercial Bank of China ("ICBC") as sole global coordinator, ICBC, Bank of China and China Everbright Bank as mandated lead arrangers. The facilities refinanced the acquisition bridge facility provided by ICBC to support the consortium's acquisition of Radisson Hotel Group.

Bright Scholar acquisition of the entire equity interest in CATS Colleges
Bright Scholar, the largest operator of international and bilingual K-12 schools in China in its GBP150 million acquisition of the entire equity interest in CATS Colleges Holdings Limited, an international school network with a platform of campuses located across the United Kingdom, the United States, Canada, and China.

Greentown China's senior notes offerings
Greentown China Holdings Limited, a Chinese luxury real estate developer listed on the Hong Kong Stock Exchange:

  • in its global Regulation S offering of US$300 million 4.70% senior notes due 2025.
  • in its (i) global Regulation S offering of US$300 million 5.65% senior notes due 2025, and (ii) tender offer for up to US$150 million of its US$600 million4.55% senior notes due 2020.
  • in its 364-day Regulation S high yield notes offering of US$600 million 4.55% Senior Notes due 2020. 

MGM China senior notes offerings
The initial purchasers, in MGM China Holdings Limited's debut 144A/Regulation S debt issuance of senior notes in an aggregate amount of US$1.5 billion, comprising two tranches, a five-year tranche of US$750 million 5.375% senior notes due 2024 and a seven-year tranche of US$750 million 5.875% senior notes due 2026. The deal won the "Best Corporate Bond Deal of the Year" by The Asset Country Awards 2019.

High profile corporate investigations
A multinational media company on two high profile internal corporate investigations arising out of allegations of financial fraud and commercial bribery regarding its China operations. We also advised the client on issues arising out of a severe breach of a share purchase agreement in relation to a key acquisition. This included evidence-gathering to verify and substantiate the claim of breach; preparation and notification of the breach notice; and counselling the client on case strategy.

China Molybdenum debut bond offering
China Molybdenum, a leading global diversified mining conglomerate in China dual-listed on the Shanghai and Hong Kong Stock Exchanges, on its debut Regulation S offering of unrated US$300 million 5.48% guaranteed bonds due 2022.

Development of group-level compliance policies
Conducting compliance risk assessment and developing a series of group-level compliance policies across a range of areas for a multinational mining company, including anticorruption, data compliance, export control and sanctions, environment, that covers China, Australia, Europe, U.S., Brazil, Democratic Republic of Congo.

US$10 billion of financings for Ant Financial

  • the mandated lead arrangers and bookrunners on the amendment and extension of the 2017 facilities and concurrent upsize to an aggregate US$6.5 billion senior secured revolving credit facilities for Alipay (Hong Kong) Holding Limited, in 2019.
  • the mandated lead arrangers and bookrunners on a US$3.5 billion senior secured term and revolving loan financing to Alipay (Hong Kong) Holding Limited, in 2017. The proceeds of the facilities were made available for, among other things, Alipay's intended take-private acquisition of MoneyGram International Inc. and other investments.

Internal investigation regarding whistleblower allegations
The audit committee of a Chinese company to conduct an internal investigation regarding whistleblower allegations during its IPO.

Acquisition of GE Appliances unit
Haier Group in its US$5.4 billion acquisition of GE Appliances unit from GE through an auction process. This is one of the largest acquisitions of a US company by a Chinese entity to date. We also advised on the US$3.3 billion financing from China Development Bank for the acquisition, and provided key regulatory advice in multiple jurisdictions including antitrust and CFIUS in the United States. This transaction is named "Cross-Border Deal of the Year" and "M&A Deal of the Year" by M&A Advisor Awards in 2016, and "M&A Deal of the Year" by ALB China Law Awards 2017.

Studio City 
Deutsche Bank, as sole global coordinator and left lead bookrunner, Bank of America Merrill Lynch as joint bookrunner and ANZ and BOC International as joint bookrunners (passive) in the Rule 144A/Regulation S offering of senior secured notes by Studio City Company Limited (SCC). The offering consisted of US$350 million aggregate principal amount 5.875% senior secured notes due 2019, and US$850 million aggregate principal amount 7.25% senior secured notes due 2021. This deal won "High Yield Deal of the Year" Award at the IFLR Asia Awards 2017.