DeHeng Law Offices

China

Analysis

Overview

DeHeng Law Offices specialises in acquisition finance and project finance. Partner Xu (Jennifer) Zhang is experienced in cross-border financing, including syndicated lending, asset finance and sovereign loans. The firm now has 38 branch offices in China and 11 branch offices in foreign countries. 

Client feedback 

“They have a positive work attitude, rich knowledge on construction management and law, rich experience in solving difficult problems, and work efficiently.” – Construction  

“The lawyers’ service attitude of this law firm is very good. Their communication with us is smooth, and cooperation is good. They have rich experience in construction project bidding, contract management, and other fields, which has greatly helped us.” – Infrastructure 

“The law firm is particularly responsive and has a strong ability to solve difficult problems.” – Infrastructure 

“This team is very dedicated, responsible, and professional in the process of cooperation with our company. Shen Wei is recognised for his enviable expertise in labour dispute resolution. We look forward to working with this team in the long term.” – Labour and employment  

Hongyuan Li 

“Lawyer Li is very patient, always patiently answering our difficult questions, and he always develops clever solutions when facing complex problems, which greatly helps our company's work.” 

“Li has a high level of legal service. He has good cooperation with our employees and has achieved good work results.” 

Shen Wei 

“Shen Wei is a key figure at DeHeng. In addition to being known for handling labour arbitration and litigation cases, he was also praised for serving as an arbitrator.” 

Labour and employment

Work highlights 

Advised a state-owned fuel company on the optimisation of management structure and business model. 

Acting for China Resources Trust in the labour dispute against its employee. 

Key clients 

Chongqing Longhua Group Long Ao Automobile Sales Service, Essence Securities, Hefei Ecriee-Tamura Electric. 

Restructuring and insolvency

Work highlights 

Advised Netinfo Securities on its bankruptcy reorganisation. This is the first securities company in China to adopt a completely market-oriented model for bankruptcy reorganisation. 

Appointed as a member of the liquidation group for Anyang Chemical Industry. 

Advised Henan Qi County Yongda Food Industry and another 149 enterprises on bankruptcy reorganisation. This case is the largest scale of agricultural enterprises restructuring in China. 

Key clients 

Henan Shengguang Group, Inner Mongolia Xingye Group, Sanya Luhuitou Tourism Zone Development.  

Corporate and M&A

Work highlights 

Advising Guangzhou Great Power Energy & Technology on its planned purchase of 24.08% shares of Shida Battery Technology by issuing shares to Shida Battery’s shareholders. 

Advised Asia Potash International Investment (Guangzhou) on its purchase of 56% of the equity of agricultural potassium resources. 

Key clients 

BanBao, China Great Wall Asset Management (Sichuan branch), Regina Miracle International, Shanghai Haoyuan Pharmaceutical.  

Capital markets

Work highlights

Advised CNOOC, one of the largest national oil companies in China, on its listing on Shanghai Stock Exchange.

Advised Eve Energy on its private placement of A shares.

Advised China Three Gorges Corporation on the issuance of exchangeable corporate bonds in the field of “green technological innovation”. This project was the first exchangeable corporate bond of this type in China and the first green technological innovation bond on the Shanghai Stock Exchange.

Key clients

Huatai Securities, Jiangsu Leadmicro Nano Technology, Shanghai Ziyan Foods, State Grid Corporation Of China, Suzhou Novoprotein Scientific.

Competition/antitrust

Work highlights 

Represented four rare earth permanent magnet companies in Ningbo in a dispute concerning the abuse of market dominance against Hitachi Metal. 

Represented a pharmaceutical company in an investigation concerning its agreement with a competitor. 

Key clients 

Country Garden, SF Taisen. 

Banking and finance

Work highlights 

Acted as the PRC legal counsel of syndicated banks for multiple tranche term loan facility with an amount up to $423 million. 

Advised a Hong Kong commercial bank’s PRC subsidiary on providing working capital loans with an amount up to Rmb300 million ($41 million). 

Key clients 

Ace Investment Fund.