Com mais de 25 anos de experiência na Ásia, a história de Cleary Gottlieb é mais longa do que quasi qualquer outro escritório internacional na região. Nossos clientes se beneficiam de nosso conhecimento íntimo da legislação local e dos costumes de mercado, os quais nossos advogados levam para todas as transações. Com escritórios em Hong Kong e Beijing e, aproximadamente, 40 advogados residentes e fluentes em chinês, japonês, coreano e inglês, Cleary Gottlieb participa das maiores e mais inovadoras transações na Ásia, representando tanto clientes asiáticos como aqueles fechando negócios na região.
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Aug 12, 2009
Cleary Gottlieb represented Petroliam Nasional Berhad (PETRONAS) in concurrent Rule 144A/Regulation S offerings of $3 billion in 5.25% senior notes due 2019, which were guaranteed by PETRONAS and issued by PETRONAS Capital Limited, a Labuan special purpose company and finance subsidiary of PETRONAS, and of $1.5 billion in sharia-compliant trust certificates (known as sukuk) due 2014 issued by PETRONAS Global Sukuk Ltd. (PGSL), a Labuan special purpose company. Both offerings priced on August 5 and closed on August 12.
The offerings represent the largest corporate debt issuance in Asia outside Japan in the last five years and the second-largest corporate debt issuance ever in Asia outside Japan. The sukuk offering is one of the two largest global sukuk transactions ever done, and the first global corporate sukuk transaction in 2009.
PETRONAS is a fully integrated oil and gas corporation with operations or investments in more than 30 countries around the world. It is wholly owned by the Malaysian government and is ranked among the FORTUNE Global 500.
Jul 28, 2009
Cleary Gottlieb represented Tata Steel Limited in connection with its offering of 65,410,589 global depository receipts (GDRs), raising approximately US$500,000,000. The offering was also accompanied by the listing of the company's GDRs on the London Stock Exchange, which complements the existing listing of its shares in India and is the largest Indian GDR ever to be listed in London. It is also the largest capital raising by a company outside of its domestic market on any European exchange this calendar year. The offering closed on July 24, 2009.
Tata Steel Limited is the world’s eighth largest steel producer, with major operations in Europe, India and Southeast Asia. The listing marks a return to the UK stock markets for the assets formerly controlled by Corus, which was acquired by Tata in 2007 and which still employs over 24,000 people in the United Kingdom.
Jan 13, 2010
Cleary Gottlieb represented Barclays Capital, Deutsche Bank and The Hong Kong and Shanghai Banking Corporation as underwriters in a US-registered offering by the Republic of the Philippines of $650 million of its 6.50% global bonds due 2020 and $850 million of its 6.375% global bonds due 2034. The offering closed on January 13 and was the first international debt offering in East Asia in 2010. The bonds were listed on the Official List of the Luxembourg Stock Exchange and admitted for trading on the Euro MTF Market.
Cleary Gottlieb is the designated underwriters’ counsel for offerings by the Philippines, which is one of Asia's most frequent sovereign borrowers.
Aug 27, 2008
Cleary Gottlieb represented Kookmin Bank in its minority equity stake investment in JSC Bank CenterCredit (“BCC”), a leading commercial bank in the Republic of Kazakhstan. Kookmin Bank acquired 23% of BCC’s common shares for approximately $500 million, and is expected to secure a controlling stake of 50.1% in BCC within the next 30 months. Including such additional shares, the transaction is valued at $1.2 billion and is the largest overseas M&A transaction by a Korean bank to date. The deal closed on August 27.
Kookmin Bank, the largest commercial bank in Korea with a customer base of over 26 million retail customers, is a long-time client of the firm and has American Depositary Receipts listed on the New York Stock Exchange.
Aug 11, 2008
Cleary Gottlieb represented LS Cable Ltd., a leading wire and cable manufacturer based in Korea, in its $1.2 billion acquisition of Superior Essex Inc., a Nasdaq-listed wire and cable manufacturer based in Atlanta, Georgia.
The transaction created the third largest wire and cable manufacturing company in the world, with pro forma consolidated 2007 revenues of $12.8 billion. This transaction represents the largest cross-border tender offer by a Korean company to date.
Sep 26, 2008
Cleary Gottlieb represented Temasek in its multi-billion dollar investment in Merrill Lynch.
Temasek is an investment holding company owned by the Singapore government with staff of over 300 people and a portfolio of over $100 billion focused primarily in Asia.
Feb 29, 2008
Cleary Gottlieb represented Credit Suisse as the warrant manager in a Regulation S offering by the Republic of the Philippines of debt exchange warrants. The warrants entitle the holders to exchange specified series of the Republic’s outstanding U.S. dollar- and euro-denominated bonds for a series of Philippine domestic bonds denominated in Philippine pesos, in the event of a default on those foreign-currency bonds. The deal closed on February 29.
The bonds to be tendered on exercise of the warrants include twelve different series of bonds maturing between 2008 and 2017 that are governed by New York or English law. The offering was sold to international as well as Philippine investors, primarily Philippine banks. Philippine banks will benefit from favorable capital treatment of their holdings in Philippine foreign currency debt by owning the warrants.
Feb 01, 2008
Cleary Gottlieb represented the underwriters, led by Kotak Mahindra Capital Company and UBS Securities India, in an initial public offering by Reliance Power Limited of 260,000,000 equity shares listed on the Bombay Stock Exchange and the National Stock Exchange of India. The $2.93 billion offering is the largest IPO in Indian history. The transaction closed on February 1.
The global offering was made to investors under Regulation S and Rule 144A.
Reliance Power is developing 13 power projects in India with a combined capacity of over 28 gigawatts at a projected cost of $28.5 billion. Reliance Power is an affiliate of the Reliance ADA Group, one of the largest business houses in India, comprising companies in the telecommunications, financial services, media and entertainment, infrastructure, energy and other sectors.
Jan 23, 2008
Cleary Gottlieb represented Lafarge S.A., the world leader in building materials, in its acquisition of Orascom Building Materials Holding S.A.E. (Orascom Cement) from Orascom Construction Industries S.A.E., an Egyptian construction and building materials group founded by the Sawiris family, for $15 billion (including assumed debt), or €10.2 billion. Orascom Cement is an emerging markets cement leader, with number-one positions in Egypt, Algeria, the United Arab Emirates and Iraq, and with strategic positions in other growth markets in Africa and Asia including Saudi Arabia, Syria and Turkey. The transaction was entered into on December 9, 2007 and closed on January 23, 2008.
The purchase price is being financed by €6 billion in debt and the issuance, through a reserved capital increase, of 22.5 million new Lafarge ordinary shares at a price of €125 per share for a total capital increase of €2.8 billion, to NNS Holding Sàrl, a holding company owned by Nassef Sawiris and his family, which owns 60% of Orascom Construction Industries. Through this investment, NNS Holding will become an 11.4% shareholder of Lafarge, and Nassef Sawiris will be entitled to appoint two members of Lafarge’s board of directors.
Best China Deal of the Year,
Investment & Joint-Venture of the Year
(Chinalco's $14 billion stake acquisition in Rio Tinto)
FinanceAsia (2008), Asian-Counsel (2009),
Asian Legal Business (2009)
Korea Equity Capital Markets Deal of the Year
(SK Telecom-Hanaro Telecom $1.2 billion share sale and acquisition)
Asian Legal Business (2009)
Asian Deal of the Year
(Indonesia's $2 billion dual tranche bond)
Euromoney (2009)
Asian Deal of the Year
(Philippines' $2.25 billion debt exchange)
Euromoney (2009)
Asia Project Finance Deal of the Year
(Tanjung Jati B expansion)
International Financial Law Review (2009)
Capital Markets and Finance Deal of the Year, IPO of the Year
(Reliance Power's IPO)
India Business Law Journal, Asian-Counsel (2009)
State-Linked Investment of the Year
(Temasek's multi-billion dollar investment in Merrill Lynch)
Asian-Counsel (2009)
Best Korean Deal of the Year
(SK Telecom’s $300 million convertible bond offering)
FinanceAsia (2009)
Best Secondary Offering of the Year
(Bank of America’s $2.85 billion block trade of China Construction Bank shares)
FinanceAsia (2009)
Best Sovereign Bond of the Year
(Republic of Korea’s $3 billion dual tranche issue)
FinanceAsia (2009)
Leading International Law Firm for India-related Expertise
India Business Law Journal (2009)
#1 Managers' Counsel in Asia IPOs (volume and deal count)
Bloomberg (2008 Rankings, U.S.-based law firms)
#5 in Asia M&A (excluding Japan, announced and completed value)
Thomson (2008)
Asia-Pacific Equity Issue of the Year and IPO of the Year
(Sony Financial’s IPO)
International Financing Review, Thomson Financial DealWatch (2007)
Korea Deal of the Year, Asia Equity Deal of the Year
(Samsung Card's IPO)
FinanceAsia (2007)
International Financial Law Review (2007)
Equity Deal of the Year
(Macquarie Korea Infrastructure Fund’s IPO)
AsiaMoney (2007)
Sovereign Bond of the Year and Emerging Market Bond of the Year/Emerging Asia Bond of the Year (The Republic of the Philippines’ dual currency Eurobond)
FinanceAsia, International Financing Review, AsiaMoney (2007)
Indonesian Deal of the Year
(The Republic of Indonesia’s debt offering)
FinanceAsia (2007)
Mid-Cap Equity Deal of the Year
(WNS Holdings’ IPO)
FinanceAsia (2007)
“Clients come to Cleary for its ‘in-depth expertise on Asian deals,’ and draw attention to the lawyers’ capacity to ‘take ownership of deals and look upon these almost as their own investments.’… The firm’s strong global network ensures that it is valued for its ability to ‘manage a transaction and identify the risks in a way that purely local counsel might not.’”
Chambers Asia (2009)
“The firm’s enviable reputation in Asia’s investment funds markets rests primarily on the strength of its private equity practice. The firm is also highly recommended for the handling of transactions in South Korea and Taiwan.”
“One of the most established firms in the region …”
Chambers Asia (2008)
“‘Bags of experience working in the region.’ … its ‘undisputed’ capital markets practice is what makes the firm ‘stand out from the crowd.’”
“Commended for both its debt and equity work, the capital markets team fields US and UK-qualified lawyers who work across the region, from India and Indonesia to the PRC. The firm is also well known for its ‘top-class Korea team.’”
Chambers Global (2008)
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