Ashurst has recruited two banking and finance partners in Hong Kong to expand the practice in China.
Eric Tan and Daniel Lau have come from Fangda Partners and Allen & Overy, respectively. Their arrival follows the firm’s recent hire of Greater China-focused restructuring partner Damien Whitehead in Hong Kong.
Tan joins from the Chinese firm’s Hong Kong office, where he was a partner advising on China-related cross-border loans and other financing facilities. In 2015, he represented the Airport Authority Hong Kong on a $640 million five-year credit facility from 22 global and Chinese lenders to finance a third runaway in the city’s international airport. Before joining Fangda in late 2016 as a partner, he practiced with Linklaters and Freshfields Bruckhaus Deringer in Hong Kong and taught law at the Chinese University of Hong Kong.
Lau was most recently counsel at Allen & Overy’s Beijing office, where he advised on financing transactions for Chinese outbound investments. In 2014, he acted for lenders, including Bank of China Ltd. on a $4 billion debt facility for Chinese food processor Shuanghui’s $7.1 billion acquisition of Smithfield Foods Inc.
Ashurst lost former banking and finance partner Doo-Soon Choi in Hong Kong to Mayer Brown JSM in 2016.