Commerce & Finance Law Offices provides a comprehensive and diverse array of legal services that range from capital markets, corporate and M&A, and dispute resolution to restructuring and insolvency. The firm has etched itself a formidable niche in the China legal landscape with its concentration on representing overseas companies that have investment interests in China. Its capital markets team has assisted many companies in completing their IPOs, refinancing, and offering of bonds and other securities in the capital markets arena. Its dispute resolution practice, on the other hand, hosts a stable of litigators including Hongji Li and Jialu Wang, who have proven adept with a particular focus on the commercial disputes space. The firm welcomed more than 20 partners in the last 12 months.
Work highlights
Acted as the legal counsel for Changting Technology on its new round of financing, with a financing amount of more than Rmb1 billion ($140 million). The transaction is the largest single round of financing for domestic network security companies in recent years.
Advised TianDiHeXing on its Series E financing in April 2024, raising approximately Rmb800 million ($111.5 million). This financing round represents one of the largest single investments in the industrial cybersecurity field during 2024.
Key clients
Rokae, Shanghai Enjosim Medical Technology, Shenzhen Fantwave Technology, Source Code Capital
Work highlights
Acted as a legal representative for Sugang Group in one of the largest civil litigation cases in terms of the amount involved since the establishment of the People's Republic of China, namely the Suzhou toxic land billion-dollar infringement case.
Acted for Zhongtai Securities in response to false statements made by Leshi Internet Information and Technology in the first representative lawsuit in a securities dispute at the Beijing Financial Court.
Key clients
China Hainan Rubber Industry Group, Harvest Capital Management, Jiangxi Special Electric Motor, New China Trust
Work highlights
Advised Huaxin Jiechuang Integrated Circuit Manufacturing (Guangdong) on the bankruptcy reorganisation of Jiangsu Times Semiconductor.
Acting as a legal adviser to represent Xinyang Kemei New Material in resolving risks through bankruptcy reorganisation and other means.
Key clients
COSCO Shipping, Zhongyu Dingxin Heavy Industry Technology
Work highlights
Represented China Resources in acquiring control of the listed company JCET Group with a price of Rmb11.69 billion ($1.63 billion). This is a top M&A case in the domestic semiconductor industry in recent years.
Advised Qingdao Port International on acquiring 100% equity in Rizhao Port Oil Terminal and 50% equity in Rizhao Shihua Crude Oil Terminal, 53.88% equity in Shandong United Energy Pipeline Transportation and 51% equity in Shandong Gangyuan Pipeline Logistics. The transaction consideration for the underlying assets is Rmb9.44 billion ($1.3 billion).
Key clients
China Ruyi Holdings, CICC, Foshan New Pearl Group, Hunan Silver
Work highlights
Advised Smithfield Foods on its IPO on the main board of the Nasdaq Global Select Market and raising approximately $260.87 million.
Advised Trip.com as the PRC legal adviser on issuing $1.5 billion of convertible senior notes overseas. The notes issuance will help broaden the company's financing channels, optimise the company's capital structure, reduce the company's debt cost, achieve efficient financing and provide strong support for the company's sustainable development.
Advised Zhonghang Shangda Superalloys on its IPO on the Growth Enterprise Market Board of the Shenzhen Stock Exchange.
Key clients
Big Tree Cloud International Group, WeRide, Zhongsheng Group Holdings
