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Leading international firm in the Philippines

We have extensive experience in the Philippines through working with major Philippine conglomerates, banks, the Philippine government, government-owned and controlled corporations and other privately controlled corporations on their transactions throughout the past 25 years. This has given us an unparalleled track record, expertise and contacts in the market as well as a top tier ranking in the leading legal directories.

Highlights of our work in the Philippines include advising:

  • M&A – Bank of Tokyo-Mitsubishi UFJ on its PHP36.9bn (USD783m) acquisition of approximately 20% of Security Bank, the Philippines’ fifth-largest lender by market value. This is the largest equity investment to date by a foreign party into the Philippines financial services sector.
  • Debt capital markets – Citigroup and Standard Chartered Bank on the establishment of, and drawdowns under, Union Bank of the Philippines’s USD1bn MTN programme.
  • Equity capital markets – Pilipinas Shell Petroleum Corporation on its PHP18.4bn (USD375m) IPO which is listed on the Philippine Stock Exchange.
  • Banking – Bank of China and BDO on the acquisition financing of Udenna Group’s acquisition of a company developing a USD1bn 177 hectare logistics hub in the Clark Freeport Zone in the Philippines.
  • Projects – Asian Development Bank and Development Bank of the Philippines (who in turn advise the Government of the Philippines Department of Transportation and Communications, and Philippine National Railways), in an advisory capacity on the North-South Railway Project – South Line.
  • Disputes – A Philippine national corporation in UNCITRAL arbitration proceedings concerning the development and operation of a Philippines geo-thermal power plant.

Whilst, in common with all international law firms, we do not practice Philippine law, the volume of transactions and disputes that we advise on with a Philippine nexus means we have a very close relationship with the country. This work, has given us an in-depth understanding of Philippine legal, business and cultural practices. We also have specialist expertise to advise on a diverse range of transactions including anti-trust, TMT and specific regional experience.

Market recognition

  • We have been recognised as “International Deal Firm of the Year” two years running, in 2017 and 2016, at the ALB Philippine Law Awards.
  • They are proactive in identifying key issues so that we can get the necessary approvals. We were impressed with their dedication to servicing their clients. They immediately responded to our questions even late at night or from different time zones.” Chambers Asia Pacific 2017 (Corporate & Finance: Philippines)
  • Well-respected practice with a client list that boasts an array of international banks. Renowned for comprehensive expertise and understanding of Philippine-originated cross-border debt and equity capital market transactions, M&A deals and loan facilities.” Chambers Asia Pacific 2016 (Corporate & Finance: Philippines)

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Vicki Liu

Managing Partner, Hong Kong
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