Clifford Chance Asia Pacific

Late in March, Clifford Chance hosted the Chartered Institute of Arbitrators (CIArb) Australia Branch Vis Pre-Moot in our #Sydney office. Eight teams appeared before an esteemed panel chaired by Hon Justice Stevenson, NSW Supreme Court, with Kristian Maley from Clifford Chance – also Chair of CIArb Australia Young Member's Group – and Tamlyn Mills from Norton Rose Fulbright. Panelists challenged the teams with a range of astute questions and counterpoints, which were met with robust and compelling engagement. UNSW prevailed in the Grand Final round, defeating the La Trobe University team before teams and arbitrators enjoyed a lively closing reception thanks to sponsor Sky Discovery and an intensive program of simulated hearings hosted by Clifford Chance. We wish the teams all the best success in the Vis East Moot and the Willem C Vis International Commercial Arbitration Moot and welcome all the aspiring lawyers to the #arbitration community. #LawStudents #LegalCompetition #CareersinLaw #VisMoot

We've advised the Postal Savings Bank of China (PSBC) and China Construction Bank (CCB) on the banks' respective issuances of A-shares, totalling RMB235 billion (US$32.4 billion). These strategic transactions will replenish the core tier one capital of #China’s largest #banks, strengthening the country’s high-quality financial sector and driving sustained recovery and growth of the wider economy. Congratulations to our deal team! Tianning Xiang, Tim Wang, Jing Jing, Chang Lei, Hu Xinyi Learn more: https://lnkd.in/g8wxkkc4

Warranty and Indemnity Insurance has become an integral component of M&A #transactions in #Australia, and across the globe, offering a strategic tool to manage certain transaction #risks.   In this edition of What's Market, we consider this rapidly involving insurance product, key areas that are frequently the subject of #carveouts and exclusions, and emerging trends in the Australian W&I landscape including synthetic coverage and knowledge and materiality scrapes.   Read the full briefing on our website: https://lnkd.in/guJxHa62   💡Connect with our team David Clee, Marcus Berghouse, Isabelle Cameron, Cameron Hassall, Naomi Griffin, Penelope McCann. #Insurance #MergersandAcquisitions #Transactions #Takeovers

We are advising clean #energy company ENN Energy Holdings Ltd on its proposed #privatisation by Xinneng (Hong Kong) Energy Investment Limited, a subsidiary of ENN Natural Gas Co., Ltd., which currently holds a 34.28% stake in ENN Energy. The privatisation proposal is one of the largest for a #HongKong listed company announced thus far this year, valuing ENN Energy at approximately HK$90.5 billion (approximately US$11.6 billion). Congratulations to our deal team! Tommy Tam, Winnie Poon, Anson Wong, Priscilla Au Yeung, Janice C. Learn more: https://lnkd.in/gkMczqGi #TakePrivates

We've advised Scape Australia on the conversion of its AU$6 billion Scape Core Fund, its flagship purpose-built student accommodation (#PBSA) fund, into an open-ended pooled fund. Concurrently with conversion, two portfolios of PBSA properties were merged into the Scape Core Fund. As part of the project, we also advised Scape Australia on its raising of over AU$1 billion of fresh #equity commitments across its PBSA and build-to-rent platform from new and existing #investors. 🕮 Read the full press release here: https://lnkd.in/g9VsYgUE 👏 Congratulations to our deal team Philip Podzebenko, John P. Karantonis, Ffion Williams, Elizabeth Richmond, Chloe Cheng, Siena Casgrain, Jianxiong Chen, Bridget Clarebrough, Henry Garing, Lisa J., Tegan Kelly, Jae-Ho Kim, Michelle Ma, Olivia Berger, Sophia Ramaer, Jacinta Wild, Vivian Lee, Isabel Lovisi, Susan Nelson, Sho young Kim, Nicholas Tzortzis and Anjia Zhou.

We have advised a syndicate of global banks as underwriters in connection with the issuance of US$1 billion 7.25% bonds due 2028 by Greenko Wind Projects (Mauritius) Ltd, a subsidiary of Greenko Energy Holdings, one of India’s leading energy transition companies. The proceeds will primarily be used to refinance outstanding indebtedness used for the construction and development of the Pinnapuram pumped storage project in Andhra Pradesh, India. Lead partner Alan Yeung was supported by Stephanie Liman, Alec Duncan and Holly Hill. https://lnkd.in/ga8prTUW

Naomi Griffin has spoken to Mergermarket about the increased scrutiny of private credit by Australia's corporate watchdog, ASIC. Following its recent discussion paper on public and private markets, #ASIC said that while private credit is at historically high volumes and subject to less regulatory oversight, #regulators need more information to consider the #risks and plan responses. Read the full article (subscription required) here: https://lnkd.in/eAKN3U_6 #PrivateCredit #PrivateMarkets #Funds #Investors

Bright and early on a sunny Saturday morning, two Clifford Chance teams ran a marathon-length relay race in Peak Race, around Victoria Peak in Hong Kong🏋️♂️🏋️♀️ Since 2015, Peak Race has raised over HK$13 million, funding the rescue of 2000+ trafficking victims and the arrests of 200+ traffickers. 💰🚨 It is the largest youth-led movement dedicated to ending modern slavery, and we have been proud sponsors of this event for more than 8 years. Reach out if you would like to know more! Lee Yip, Ee Ming Wong, Jitr Vilaivongse, Joe Osgerby-Lacey, Joan Wang. Alex Setchina, Andy Tang, Mabel Lee, William Yiu, Jia Yin Leong

Australia's Labor Government handed down its fourth #budget this week, proposing a ban on non-compete clauses in employment contracts for workers earning up to AU $175,000. While the focus is on employment contracts, the ban could affect transactional documents such as #NDAs, Sale Agreements, and Shareholders' Deeds, which often include non-compete and no-poach clauses, to help secure business #transactions and protect business value. Though it's expected that Transactional Documents will be excluded from the ban, businesses should still be cautious. Courts may strike down any restraint that isn’t legally sound, and the Competition and Consumer Act 2010 regulates their use to prevent anti-competitive behaviour. For further discussion on how these changes may affect your agreements, contact Nicole Backhouse (Underhill), David Clee or Elizabeth Richmond. #SaleAgreements #Australia #MergersAndAcquisitions

To celebrate International Women's Day in Singapore, our gender parity network worked together with Jingjin Liu and Ritika Datta from THE ELEVATE GROUP to organise an engaging workshop that explored strategic ways to enhance career opportunities for ourselves and others by unpacking how we are shaped by our lived experiences.   Thank you to all who joined us! The insights gained and connections made will accelerate our progress towards a more inclusive and empowering future.  #IWD2025 #AccelerateAction #Allyship