China Business Law Journal Recognizes O’Melveny for Three ‘Deals of the Year’

January 24, 2017


HONG KONG—January 23, 2017—O’Melveny was recognized for its role advising on three transactions that were chosen as 2016 Deals of the Year by China Business Law Journal. According to the January 20, 2017, report, the awards identify “outstanding deals and cases in 2016 that saw the most sophisticated efforts by legal counsel” based on factors that included the “overall significance, complexity, and innovative nature” of the transactions, as well as deal value.

In Youku Tudou’s privatization by Alibaba, which was recognized in the categories of “M&A in China,” “privatization,” and “TMT,” O’Melveny advised Chengwei Capital as the main shareholder of Youku Tudou. According to the report, the deal was “a significant move for Youku Tudou” that is “expected to help Youku Tudou to expand in the market against other competitors.” 

O’Melveny also was noted for its role as US legal counsel to Homeinns Hotel Group in connection with BTG Hotels’ restructuring and acquisition of Homeinns, which received recognition in the categories of “restructuring,” “hotel industry,” and “privatization.” China Business Law Journal wrote that “BTG Hotel’s acquisition of Homeinns Group was an important and innovative case for the privatization of Chinese concept stocks and their relisting on the A-share market.” 

Additionally, the firm was recognized for advising creditors and certain trustees in connection with Kaisa Group’s debt restructuring. Winning for “debt capital market,” “real estate,” and “restructuring,” the US$2.6 billion restructuring of Kaisa Group’s six tranches of offshore and convertible bonds “was one of the most high-profile restructuring cases of the past year,” according to the publication. 

China’s evolving legal system, rapid economic development, and cultural nuances present unique issues where deep in-country experience and perspective are critical to winning client objectives. Since establishing mainland and Hong Kong offices in the mid-1990s, O’Melveny has grown organically with the development of the Chinese economy, and the firm has advised on many of the most important and pioneering transactions in China’s history. Whether the undertaking is a major industrial acquisition in China, a Chinese company listing offshore, a bet-the-company dispute, or the financing of a Chinese technology startup, O’Melveny has the depth and breadth of experience to give its clients a competitive edge.

About O’Melveny
O’Melveny’s clients shape markets, set precedents, and break boundaries. They are stalwarts and innovators, the names you trust and the next big thing. And for more than a century, O’Melveny has been right beside them, kicking down walls and putting up defenses to help our clients achieve their most important goals. With approximately 700 lawyers in 15 offices worldwide guided by the principles of excellence, leadership, and citizenship, we uphold a tradition of treating our clients’ challenges and opportunities as our own. What do you want to achieve? For the answers, please visit www.omm.com.

Emily Lattal
O’Melveny & Myers LLP