Hiring from a rival, international legal practice Allen & Overy has appointed an additional partner to augment its China corporate team.
With cross-border M&A into and out of China expected to remain active, Allen & Overy has appointed Wayne Lee as a partner in its Shanghai office as part of the firm’s continuing expansion of its China corporate practice, the firm said in a statement today.
Joining from rival firm Shearman & Sterling, Lee has extensive experience advising private equity and investment funds, including pension and sovereign wealth funds. He also has a solid track record of advising Chinese private companies and state-owned enterprises on cross-border M&A and investment transactions.
Capital Outflows to Continue, for now
Lee's appointment as a partner in the Shanghai office follows that of Lina Lee and Jonathan Hsui as partners in Hong Kong focusing on equity capital markets and M&A as well as China debt capital markets partner Alex Tao and regulatory partner Charlotte Robins, as finews.asia reported.
Despite recent reports of a potential policy shift designed to stem capital outflows by placing curbs on mainland China’s outbound investment, Allen & Overy expects to see continued demand for legal advice on complex, cross-border transactions.
