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Sidley steers Sino Biopharm, AstraZeneca licence agreement

Sidley Austin advises Sino Biopharmaceutical on an exclusive licence agreement between its subsidiary and AstraZeneca

Han Kun onboards shipping partner for Shanghai office

Han Kun Law Offices recruits Cherry Jin as a partner at its Shanghai office, strengthening its cross-border asset finance and shipping practice

Firms steer top wafer foundry Nexchip’s HKD6.98bn listing

Leading wafer foundry Nexchip Semiconductor lists on the HKEX main board on 10 July, raising around HKD6.98 billion (USD890 million)

Firms assist on Three-Circle’s HKD7.16bn debut in Hong Kong

Three-Circle Group debuts on the HKEX on 9 July, raising around HKD7.16 billion (USD913 million)

Firms advise on PCB drill-bit leader Dtech’s HKD4.8bn IPO

Printed-circuit board drill-bit manufacturer Dtech Technology raises HKD4.8 billion (USD612 million) in its HKEX debut on 9 July, three years after its SZSE listing

Luxshare raises HKD24.27bn in Hong Kong’s largest IPO

Chinese leading manufacturing company Luxshare Precision raises about HKD24.27 billion (USD3.09 billion) in Hong Kong’s largest IPO to date this year

Davis Polk, Fangda act on Biren’s HKD7.1bn H-share placement

Chinese graphics processing unit developer Biren Technology raises around HKD7.1 billion after an H-share placement on the HKEX on 8 July

Firms steer autonomous driving company Momenta’s HKD5.89bn IPO

Chinese autonomous driving company Momenta debuts on the HKEX on 8 July, raising HKD5.89 billion (USD751 million)

EACON is world’s first listed autonomous mining vehicle company

China’s EACON Group becomes the world’s first listed autonomous mining vehicle company after its HKEX debut on 8 July, raising HKD3 billion

Merits & Tree names four equity partners in Beijing, Qingdao

Merits & Tree Law Offices appoints Roy Rong, Susan Li, Carys Li and Hu Tianxiong as equity partners at its Beijing and Qingdao offices

Global Law recruits four partners in disputes and investment

Global Law Office recruits four partners and their teams to strengthen its capabilities in dispute resolution and investment

Firms advise on Anker Innovations’ HKD4.6bn HKEX debut

来自中国内地、香港、日本、阿联酋和美国共十家律所为此次上市提供法律服务

Cooley, Dua advise Lingyi iTech on HKD8.26bn Hong Kong IPO

Cooley and Dua Associates have guided Apple supplier Lingyi iTech on its HKD8.26 billion (USD1.06 billion) initial public offering in Hong Kong

China Resources New Energy in RMB21.3bn record SZSE debut

King & Wood, Haiwen & Partners and Clifford Chance act on China Resources New Energy’s record breaking RMB21.3 billion IPO on the SZSE

Former Yingke senior partner and IP team of 10 join Riying

Chen Chen, former senior partner at Yingke’s Shanghai office, joins Riying at its Shanghai headquarters along with his team

MMG raises USD1.6bn in share placement and bond offering

China Minmetals Corporation’s subsidiary MMG raises USD1.6 billion from a share placement and bond issuance

Cryptocurrencies and property

The column discusses the position in common law jurisdictions, including Australia and the UK, and then provides a brief outline of the legal position in the Chinese mainland

Bundled and binding

China’s new environmental code bundles decades of separate statutes into one heavy tome, and companies are scrambling to decipher chapter and verse

Han Kun hires data compliance specialist in Shanghai

Han Kun Law Offices hires Chen Wenhao as a partner at its Shanghai office, bolstering its data compliance and AI capabilities

How can minority shareholders seek relief from profit hoarding?

By Jiang Xuan and Yang Yue, Zhong Lun Law Firm

When a company hoards profits, minority shareholders can seek compulsory distribution or force a share buyout

Dissecting invalidity of financial loan agreements

By Chen Yanhong, DHH Law Firm

A financial loan agreement is the core legal instrument governing lending between banks, licensed financial institutions and market participants

China Commercial secures approval to open Singapore branch

China Commercial Law Firm has received approval to establish a Singapore office as its 20th overseas branch, further expanding its global legal services network

Unwinding red-chip structures

By Vincent Shen, Commerce & Finance Law Offices

This practical guide covers tax exposure, distinct exit paths for VIE and direct equity structures, and five regulatory red flags that determine IPO success.

No flaws allowed

Capital markets lower entry threshold but ramp up accountability

Firms act on USD2.5bn US-Korean AI-driven drug discovery pact

Firms assists on US-South Korea AI driven drug discovery collaboration between Insilico Medicine and SK Biopharmaceuticals

‘Companies face pain’ as China’s new PE rules tighten oversight

China’s issues new guiding opinions to tighten regulatory oversight on the private equity industry and companies face “growing pains”

Indonesia’s Dentons HPRP launches China desk to back growth

Dentons HPRP, the global law firm’s Indonesian arm, establishes a China desk to support business opportunities

Exchanging roles

Paul Chow shares his views on shaping HKEX legal strategy, sustainability leadership and responsible AI use in markets

China Commercial adds capital markets and Web3 partners

China Commercial Law Firm recruits Luo Shazhou and Ji Zhe as partners at its Shanghai office, bolstering the capital markets practice

Firms steer debut of China’s first public commercial REITs

Han Kun Law Offices, King & Wood, Haiwen & Partners and Jingtian & Gongcheng advise on the debut of China’s commercial REITs

Firms fire up on Yum! Brands’ USD2.7bn Pizza Hut sale

Yum! Brands sells Pizza Hut business to Yum China and LongRange Capital, within and outside the Chinese mainland, respectively

JunHe recruits cross-border finance specialist in Beijing

JunHe hires Cui Duan as a partner at its Beijing headquarters to strengthen the firm’s capabilities in complex financing transactions

Building robust compliance firewalls against AI legal pitfalls

By Wu Jialing and Huang Xinran, Starrise Law Firm

AI enthusiasm fuels a surge of startups, yet regulatory and criminal risks are climbing in tandem

Freshfields guides USD850m Interplex Datacom sale to BizLink

Freshfields assists Blackstone on the sale of Singapore-headquartered Interplex Datacom to Taiwan-based BizLink Holding for USD850 million

Anli and CFN launch associate office in Hong Kong

Anli Partners secures Law Society of Hong Kong approval as a registered foreign law firm and opens associate office with local peer CFN Lawyers

Weighing up AI prompts with copyright law

By Zhang Yichao and Yan Boru, Ronly & Tenwen Partners

Shanghai’s first AI prompt copyright lawsuit concludes that prompts are not works. Human-machine interactive commands are not copyrightable

Equity repurchases: Fulfilling obligations, mitigating dispute risks

By Zhou Jian, Anli Partners

Under different buyback structures, enforceability, allocation of liability and guarantee performance often shape the course of the buyback and VAM disputes

Tiantai opens Jakarta office in Southeast Asia expansion

Tiantai Law Firm launches in Jakarta, which is another significant step on its Southeast Asian expansion following the establishment of the Kuala Lumpur office

China finance ministry issues RMB6bn sovereign green bonds

Firms advise on China finance ministry’s first issuance of RMB6 billion RMB-denominated sovereign green bonds in Hong Kong

RBP Asia advises on proposed financing for aluminium smelter

Indonesia’s RBP Asia counsels the Export-Import Bank of China on an agreement to finance an aluminium smelter development project in Kalimantan

Tahota secures approval to open Hefei office in October

Tahota Law Firm receives approval to establish a Hefei office, which is expected to open this October

A tale of three seats

For Marco Chung, group head of legal at CITIC Securities International, the choice for arbitration seat in China-related disputes is clear

Shareholder and affiliate liability disputes: offence and defence

By Ma Lei, Anli Partners

China’s new Company Law sharpens risks around veil piercing, related-party exposure and debt evasion, reshaping compliance and recovery strategy

Butterflies and legal changes

This column discusses another famous Chinese legend and its implications for social justice and the law

Firms assist on Dajin Heavy Industry’s HKD6.64bn HKEX debut

Dajin Heavy Industry, a leading offshore wind energy equipment manufacturer, lists on the HKEX, raising HKD6.64 billion

Chang Tsi & Partners adds IP partner and Asia-Pacific head

Boutique intellectual property firm Chang Tsi & Partners appoints Li Bo as a partner to strengthen its overseas IP service capabilities

Agile shareholding structures, compliance to drive AI globalisation

By Clara Liu and Zhao Chenchen, Han Kun Law Offices

AI global expansion confronts regulatory and geopolitical hurdles

Dehehantong opens Hangzhou office in Yangtze River Delta push

Shanghai-headquartered Dehehantong Law Offices opens a Hangzhou branch, expanding its presence in the Yangtze River Delta

SIAC expands presence in China with launch of Beijing office

The Singapore International Arbitration Centre officially launches Beijing representative office, which comes more than a decade after the Shanghai branch in 2016

Wealth in transition

An unprecedented transfer of private wealth is colliding with tighter regulation and rising complexity

SIAC expands presence in China with launch of Beijing office

The Singapore International Arbitration Centre (SIAC) grows presence in China with the opening of a representative office in Beijing

Beating burnout

The hours are brutal and the stakes are high. So what keeps elite lawyers balanced and able to carry on?

China’s marine warranties: a better balance?

By Shengnan Jia, Tahota Law Firm

China’s revised Maritime Code recalibrates warranty breach rules, reshaping denial boundaries, risk allocation and standard terms in marine cover

Midea Group appoints Gao Huandong as general counsel

Gao Huandong, former vice president and general counsel for China at Lenovo Group, joins Media Group as general counsel

Han Kun adds cross-border business partner in Hangzhou

Han Kun appoints Huang Peng, former managing partner of East & Concord’s Hangzhou office, to join the firm in the same city

AllBright and Jingtian & Gongcheng steer SMIC RMB40.6bn M&A

SMIC’s planned RMB40.6 billion acquisition of subsidiary SMIC Northern is the largest restructuring on the Star Market to date

Understanding amendments to the Maritime Code

By Xie Ming, ETR Law Firm

China’s new Maritime Code delivers five breakthroughs to build a modern legal foundation for the countries shipping industry

Compliance defence in corporate crime

By Li Kexuan, Starrise Law Firm

Well-executed compliance programmes are increasingly recognised by Chinese courts as evidence that individual wrongdoing does not reflect corporate intent

Firms aid WuXi AppTec’s RMB6.78bn convertible bond issuance

Pharmaceutical R&D company WuXi AppTec issues RMB6.78 billion (USD996.6 million) in USD-settled zero-coupon convertible bonds due in 2027

Firms guide Fosun Pharma’s option agreement with AriBio

HSF, Kewei and Goodwin advise Fosun Pharma on USD240 million AriBio Alzheimer’s drug agreement

Macau’s Lupi & Associates enters partnership with Morais Leitão

Macau law firm Lupi & Associates has recently formed a strategic partnership with Portuguese firm Morais Leitão

Allen & Gledhill appoints head of China practice

Allen & Gledhill appoints Wang Xin partner to lead China practice in Shanghai, strengthening M&A

Splitting gains and losses in void nominee shareholding

By Zuo Yuru and Xin Xiangrong, Zhong Lun Law Firm

When a nominee shareholding agreement is void, how do courts decide ownership, divide gains, and allocate losses?

Mapping red lines in EU sanctions on China

By Cheng Wenli and Liu Yaqi, Ronly & Tenwen Partners

From listed entities to the three strategic shifts in EU sanctions, here is how to identify compliance minefields and build effective firewalls

Firms assist Pakistan’s landmark panda bond issuance

Pakistan issues South Asia’s first sovereign panda bond, raising RMB1.75 billion and funding green infrastructure

Firms steer Midea’s HKD17bn zero-coupon convertible bonds

Midea issues HKD17.25 billion in offshore zero-coupon convertible bonds in largest such offering to date in the Greater China region

Duane Morris and JV help clear Kangxi in IP rights case

Duane Morris and its Singapore joint venture, Duane Morris & Selvam, help exonerate Kangxi Communication in US investigation

Boom in panda bond issuances set to flourish, say lawyers

The appeal of panda bonds surges in 2026, with issuance volume reaching RMB88.24 billion (USD13 billion) in a record high for a single quarter

Ship shape?

Leading maritime lawyers and in-house counsel share insights on what it means for carriers, cargo owners and insurers

AnJie Broad hires construction and engineering partner

AnJie Broad Law Firm hires Jessica Jiang as a partner at its Shanghai office

Shipwrecks and the law

Last November, this columnist visited Singapore to deliver some training for the Singapore Academy of Law and revisited one of many museums in the city-state, the Asian Civilisations Museum

Llinks hires real estate and dispute resolution partners

Llinks Law Offices hires Chen Yongxing and Chen Gong as partners at its Shanghai office

Navigating the fair competition review mechanism

By Yan Ge and Li Xiang, Joint-Win Partners

Firms act on medtech maker Cofoe Medical’s HKD1.06bn IPO

Cofoe Medical Technology lists on the HKEX main board becoming the first home medical equipment maker to achieve a dual listing

Criminalising counterfeit sales: thresholds and sentencing

By Judy Li and Winnie Wu, Ronly & Tenwen Partners

Grandall opens in Italy, Hungary, extends cross-border reach

Grandall Law Firm has opened new offices in Milan and Budapest, marking its fourth and fifth branches in Europe after offices in Paris, Madrid and Stockholm

AI ethics rules tighten scrutiny, test compliance: lawyers

New rules on the ethics and application of artificial intelligence technology has significantly raised the level and rigour of review

How actual controllers of listed companies ward off criminal risks

By Cai Zhenghua, Shanghai Elite Law Firm

When listed companies become involved in serious misconduct like tax evasion or bribery, the actual controller is often the first to be held accountable

Latest Business Law Updates in Asia 2026

A roundup of noteworthy legal developments in the region

Protection of non-traditional trademarks in China

By Wang Xiao and Kelly Liu, Tahota Law Firm

In the era of sensory marketing, novel forms of trademarks such as three-dimensional shapes or sound cues prove increasingly relevant

Pharmaceuticals partner returns to Hogan Lovells in Washington

Hogan Lovells welcomes back Tao Xin as a partner in Washington, boosting its global pharmaceuticals and biotechnology practice

How businesses can fortify against ‘internet water armies’

By Lyu Haishan and Xian Mingying, ETR Law Firm

White collars, dark intentions

Senior white-collar crime partners map out the shifting risks and offer a full-spectrum playbook, from internal probes to cross-border defence

Firms steer hybrid computing provider Xizhi Tech’s HKD2.5bn IPO

Optical-electronic hybrid computing provider Xizhi Technology lists on the HKEX on 28 April, raising HKD2.53 billion (USD323 million)

Jingtian & Gongcheng opens key Yangtze delta branch in Ningbo

Jingtian & Gongcheng officially opens Ningbo office on 24 April, marking the firm’s 11th branch nationwide

Duan & Duan adds four dispute resolution partners in Shanghai

Duan & Duan adds four partners to its Shanghai headquarters, further strengthening its dispute resolution and related practice areas

Compensation not contingent upon actual sale in patent infringement

By Guo Xiaojun, CCPIT Patent & Trademark Law Office

Latest guiding case from the Supreme People’s Court views “offer for sale” as its own infringing act and penalty cannot be averted by reason of “no sale”

Breaking the anti-corruption investigation deadlock

By Wendy Wei, Starrise Law Firm

How to recognise a nominee shareholding arrangement

By Yi Xiangming and Yang Yue, Zhong Lun Law Firm

IP flip

GC and senior lawyers decode China's new IP trends

Han Kun opens in London, the fifth overseas location

Han Kun’s London office commences operations on 22 April, which is the firm’s first office in Europe

Firms act on Huixing’s German knitting machinery acquisition

Fujian-based knitting machinery leader Huixing Machine completes the acquisition of the core business of 120-year-old German counterpart Mayer & Cie

Criminal procedure, rights protection for white-collar crime

By Ke Shuojun, Tahota Law Firm

White-collar crime typically refers to criminal cases in the economic sphere, involving corruption within civilian-run enterprises

Five common misconceptions about offshore trusts

By Wu Weiyi and Lu Shanjing, Anli Partners

A clearer view of what offshore trusts can, and cannot, do helps set realistic expectations and enables wealth owners to define their needs and plan accordingly.

PDLegal drives Primus-Wuling strategic electric vehicle JV

PDLegal’s Bangkok office advisesd on an electric vehicle strategic joint venture between Thailand-based Primus and China-based Wuling for an undisclosed amount.

Grandway adds dispute resolution and entertainment partners

Grandway recruits two new partners, Lin Zexin and Chen Xinhao, to its Shanghai office, strengthening dispute resolution, and the entertainment and media sector

AllBright and Haiwen act on SJ Semiconductor’s RMB5bn IPO

Chip packaging and testing company SJ Semiconductor debuted today on the SSE Star Market, raising more than USD733 million and becoming the largest A-share IPO so far in 2026

V&T opens Osaka office, expanding its international presence

Beijing-headquartered V&T Law Firm has launched an office in Osaka, marking its second branch outside the Chinese mainland

Grandall welcomes six equity partners in four offices

Grandall Law Firm has added six equity partners across its Guangzhou, Shenzhen, Fuzhou and Wuhan offices

King & Wood expands financial regulation, cross-border talent

King & Wood has recently strengthened its capabilities in financial regulation, fintech and cross-border practice areas with a series of senior hires

VAM scrutiny tightens, no unconditional pre-IPO removal: lawyers

Although regulatory scrutiny on valuation adjustment mechanisms in listings is stricter, unconditional removal of these clauses in IPO documents is not yet required, say lawyers

Firms act on Yancoal’s USD2.4bn Kestrel coal mine acquisition

Mallesons, Gilbert + Tobin and Freshfields assisted onproducer Yancoal Australia’s proposed acquisition of an 80% interest in the Kestrel coal mine

First ‘Six Little Dragons of Hangzhou’ goes public in HK

Manycore Tech is the first of the so-called “Six Little Dragons of Hangzhou” to go public and the world’s first listed spatial intelligence company after debuting on the HKEX on 17 April

Superdiversity in the law

Lexicon has previously discussed the impact of culture on legal proceedings and the legal system generally

Firms advise DapuStor on first ChiNext pre-profit listing

SSD supplier DapuStor debuted on the SZSE on 16 April, becoming the first pre-profit company to list on the ChiNext board. King & Wood and AllBright advised on the IPO

Firms act on solar battery provider Sigenergy’s HKD4.4bn IPO

DESS solutions provider Sigenergy debuted on the HKEX, raising HKD4.4 bn. Davis Polk, Jia Yuan, Linklaters and Jingtian & Gongcheng advised on the deal

Clyde & Co aviation partner relocates to Singapore office

Clyde & Co has strengthened its global aviation practice in the Asia-Pacific with the relocation of partner Jahnavi Ramachandran

East & Concord onboards 7 disputes, compliance, trade experts

East & Concord Partners has added six partners and a counsel across four offices nationwide, bolstering its capabilities in dispute resolution, compliance and international trade

Regulatory scrutiny over red-chip structures raises conundrum

Practitioners say that while red-chip model is unlikely to disappear, companies will increasingly have to demonstrate its commercial necessity and regulatory compliance

How to properly manage sick leave

By Tracy Liu and Larry Lian, Jingtian & Gongcheng

Managing sick leave and medical treatment periods can be a big headache for companies – cured only by preemptive policy clarification

Corporate partner returns to Fieldfisher in Shanghai

Fieldfisher has welcomed the return of Margaret Tan back to the firm’s fold as a partner at the Shanghai office, strengthening the corporate practice in Greater China

Perkins Coie opens in Shenzhen to boost cross-border services

Perkins Coie launched its Shenzhen office on 8 April after closing branches in Shanghai and Beijing in 2024

Jingtian & Gongcheng adds three partners in Beijing

Jingtian & Gongcheng has hired three partners, Shi Bisheng, Shi Lei and Chen Zhaolong, for its Beijing office

Han Kun opens Hangzhou office to focus on AI sector

Han Kun Law Offices opened its Hangzhou office on 10 April, which is its 10th global branch

Squaring up to circular training

Chief legal officer and senior legal counsel of Louis Dreyfus Company share practical tips on protection against circular trading risks

Correspondents

Arbitration Clause Drafting

Consent, clarity and arbitration clause lessons

By Hiral Gupta and Surabhi Sharan, Bharucha & Partners
India Green Channel Route

Green Channel Route: Gains and predictability

By Vandana Pai and Hardik Dave, Bharucha & Partners
Impact Investing Compliancevideo

Impact investing: Do use of proceeds clauses actually work?

By Mita Sood, Bharucha & Partners
Arbitration Due Process Limitsvideo

Policy, process and delay in arbitral challenges

By Sneha Jaisingh and Jaidhara Shah, Bharucha & Partners

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