Tsar & Tsai Law Firm

Taiwan

Analysis

Overview

Full-service firm Tsar & Tsai Law Firm is ranked ‘Outstanding’ in capital markets, corporate and M&A and dispute resolutionThe firm’s well-established capital markets team is famous for its extensive experience in large scale IPO and securities offering mattersIts dispute resolution team often represents clients in hearings before government agencies and the ROC Administrative Court and has participated in both international and domestic commercial arbitrations under the ROC Arbitration Law. Partners Jackie Lin, Janice Lin, James Cheng, CY Huang and Joyce Ho are key figures. 

Client feedback 

“The firm helped us in analysing foreign laws and interpreted the practice of the securities market in that country and we found it very helpful.” – Corporate and M&A 

Edgar Chen 

“Chen is a very knowledgeable attorney, and he provides us with accurate and timely legal opinion when needed.” 

Tax

Work highlights 

Represented Nature Worldwide Technology in filing administrative litigations against the National Taxation Bureau of the Northern Area (the NTBNA). 

Labour and employment

Work highlights 

Represented Micron Technology and successfully obtained a guilty verdict in the Taichung District Court’s decision for its criminal complaint against five former employees for defendants’ misappropriation of trade secrets for disclosure and use in China. 

Represented Dow Chemical Taiwan in successfully obtaining a favourable judgement from the Supreme Court against a former employee. 

Dispute resolution

Work highlights 

Represented the former director of an offshore subsidiary of SinoPac Financial Holdings Company in defending a criminal charge in relation to breach of trust. 

Represented Sinotech Engineering Consultants and its employees in defending a criminal lawsuit arising from the Taichung Metropolitan Area Elevated Railway Project. 

Represented OHL (Taiwan), a subsidiary of a US-based forwarder, in a civil litigation filed by a Taiwanese publicly traded company in Taiwan Taipei District Court claiming for damages of around $6 million over tortious acts, 

Key clients 

Dow Chemical TaiwanMicron Technology 

Corporate and M&A

Work highlights 

Acted for BP Global on the sale of its global petrochemicals business to INEOS. 

Acted for Showa Denko on its acquisition of 87.61% share of Hitachi Chemical a transaction amounting to approximately $8 billion. 

Advised Yageo Corporation on its exit from the Merger Agreement with Kemet Corporation and to acquire 100% of Kemet Corporation’s issued and outstanding shares. This $1.64 billion deal is the second largest outbound acquisition conducted by a Taiwanese Company in history. 

Key clients 

AIT Worldwide LogisticsCMC Magnetics CorporationGlobe Union IndustrialTECO Electric & Machinery 

Capital markets

Work highlights 

Acted for Goldman Sachs and JP Morgan, the representative of the underwriters, in the offering of up to $2.6 billion ADR issued by Sea Group. 

Acted for Sanyang Motor on the privatization of its subsidiary, Vietnam Manufacturing and Export Processing (Holding)for the purpose of delisting from the Hong Kong Stock Exchange.

Competition/antitrust

Work highlights 

Acted for Applied Materials and successfully secured antitrust clearance for its acquisition of 100% shares of Kokusai Electric Corporation’s issued and outstanding common stocks.

Key clients 

AcerinoxInfineon TechnologiesPepsiCoShowa DenkoTiffany & Co 

Energy

Work highlights 

Advised the Export Credit Agencies (ECAs) and lenders on the project financing for a consortium of world-leading investors to acquire a total of 50% ownership share of the Greater Changhua 1 Offshore Wind Farm.  

Advised the consortium of 20 Taiwanese and international financial institutions on the financing of the Formosa 2 offshore wind power project.  

Advised a Taiwanese life insurance company on its financing for the development of two offshore wind farms, Xidao and Changfang, sponsored and developed by Copenhagen Infrastructure Partners.