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New York’s Sullivan & Cromwell has launched a Hong Kong law practice with recruits from Freshfields Bruckhaus Deringer.

Kay Ian Ng, formerly Hong Kong managing partner for Freshfields, will lead the new group for Sullivan & Cromwell. Counsel Gwen Wong is also coming aboard from Freshfields. Both focus on capital markets work. Ng has advised on many of Freshfields’ largest recent deals, most recently leading the firm’s work on a $6 billion Hong Kong initial public offering for China Everbright Bank planned for next month.

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