Hogan Lovells corporate partner William Curtin III knows exactly how tough it can be to do business in China. As the lead lawyer on Ford Motor Company’s sale of Volvo Car Corporation to Zhejiang Geely Holding (Group) Co., Ltd., a private Chinese company, last year, the New York–based Curtin oversaw the first-ever takeover of a global automotive manufacturer by a Chinese company.
Ford began discussing the idea of selling Volvo with Curtin in 2007 as part of its “One Ford Global Strategy,” in which the automaker endeavored to close or sell nearly all of its branded subsidiaries. In addition to putting Volvo on the block, this meant selling Aston Martin to a consortium of investors for $848 million in 2007 (Skadden, Arps, Slate, Meagher & Flom advised Ford on that transaction), and selling Land Rover and Jaguar, which were bundled in a single $2.3 billion sale to the Indian company Tata Motors Limited in 2008. (Curtin advised Ford on the Jaguar–Land Rover sale at his previous post as head of Hogan & Hartson’s European corporate practice in London.)
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