Cleary Gottlieb Adds China Practice Partner Megan Tang in Hong Kong

October 27, 2008

NEW YORK AND HONG KONG — Cleary Gottlieb Steen & Hamilton LLP announced today that Megan Tang, 36, counsel at Shearman & Sterling LLP in Hong Kong, will join the firm as a partner, effective November 10. Megan will be based in the firm’s Hong Kong office and will focus on the firm’s China practice, including advising on capital markets transactions for investment banking and corporate clients of the firm in China and throughout Asia.

“Megan’s broad experience in China and across Asia makes her a perfect fit for Cleary Gottlieb and our China practice,” said firm Managing Partner Mark Walker. “Based in Hong Kong, she has represented issuers and underwriters in a wide variety of U.S. and Hong Kong capital markets transactions involving Chinese issuers. She also has experience working on transactions in India, Singapore, the Philippines, Malaysia and other countries in Asia.”

“Megan will significantly enhance our China practice resources and capabilities,” he continued. “We are proud to welcome her to the firm.”

At Cleary Gottlieb, Ms. Tang will work together with partners Clay Johnson in Hong Kong and Filip Moerman in Beijing in the firm’s China practice, including China capital markets and M&A transactions.

Ms. Tang’s experience includes acting as U.S. counsel for issuers and underwriters in a broad range of initial public offerings, follow-on equity offerings and convertible bond offerings involving Chinese issuers, including U.S. SEC-registered offerings, Rule 144A/Reg S offerings and Hong Kong-listed offerings. Her recent experience includes representing the underwriters in the $22 billion initial public offering of Industrial and Commercial Bank of China Limited, and acting as counsel in offerings by China Medical Technologies, Suntech Power Holdings, ReneSola, China Telecom Corporation, China Coal Energy Company, Xinyuan Real Estate and Little Sheep Group, among others.

Ms. Tang joined Shearman & Sterling LLP in 2001 and was originally based in the Singapore office until transferring to New York later that year. She relocated to the Hong Kong office in 2004, where she has helped to develop and support Shearman & Sterling’s China practice. In 2006, she was elected counsel.

With the addition of Ms. Tang, the firm will have eight partners in Hong Kong and Beijing, three of whom work in the firm’s China practice, and 192 partners worldwide.

“Cleary Gottlieb’s strong practice in China and the rest of Asia, combined with its commitment to further growth and impressive track record of highly consistent and excellent legal work, presents a wonderful opportunity for me to expand my practice while at the same time bolster the firm’s capabilities,” commented Ms. Tang. “I’m very excited to join Cleary Gottlieb and to work with the outstanding lawyers there to further develop the firm’s practice in China and the region.”

Prior to joining Shearman & Sterling, Ms. Tang was an associate in the Singapore office of Milbank, Tweed, Hadley & McCloy LLP from July 1999 through December 2000. She was a trainee solicitor in the Hong Kong office of Simmons & Simmons, before qualifying in 1997. She transferred to Simmons’ London office in 1998, where she remained until June 1999.

Ms. Tang received an LL.B. degree from King’s College, University of London, in 1995. She is a member of the Bar of New York, is admitted as a solicitor in England and Wales, and qualified as a solicitor in Hong Kong. She is fluent in Mandarin and Cantonese.

About Cleary Gottlieb’s China Practice

Cleary Gottlieb has had an active presence in Asia for more than 25 years, beginning with the opening of our Hong Kong office in 1980. One of the first U.S. firms to establish an office in Asia, we have strengthened our commitment to the region over the years and now have approximately 40 lawyers in Asia involved in groundbreaking M&A, private equity, capital markets, restructuring and sovereign debt matters. Centered in our Hong Kong and Beijing offices, the China practice group includes, with the addition of Ms. Tang, three partners, two counsel and 17 associates. Eight of our China practice professionals are based in Beijing, and the balance are based in Hong Kong.

Our China practice focuses on M&A (including private equity) and capital markets transactions. We represent major multinational corporations, private equity investors and hedge funds, among others, in inbound Chinese investment, finance and joint venture transactions. Drawing on our global M&A practice and emerging markets practice, we advise Chinese companies on their worldwide outbound investments.

In the China capital markets area, we represent issuers and underwriters in a wide variety of capital markets transactions, including U.S. SEC-registered and Reg S/Rule 144A initial public offerings, follow-on equity offerings and convertible bond offerings.

Chambers Global and Chambers Asia have named Cleary Gottlieb a leading firm in China/Hong Kong as well as Asia for capital markets, private equity and M&A. In addition, our partners in Asia have been distinguished as leaders in capital markets and private equity for China/Hong Kong by Chambers Global and Chambers Asia. Mergermarket recently ranked the firm #1 among U.S. law firms in Asia Pacific Buyouts, and the firm has won a number of awards for deals involving Asia-based companies from publications including International Financing Review, Thomson Financial DealWatch, FinanceAsia, International Financial Law Review, Asia Money and Asian-Counsel Magazine.  

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For further information, you can contact Jane Nelthorpe at +44 20 7847 6734 (London) or Jane Thompson at +852 2532 7418 (Hong Kong).

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About Cleary Gottlieb

Founded in 1946 by lawyers committed to legal excellence, internationalism and diversity, Cleary Gottlieb Steen & Hamilton LLP is a leading international law firm with approximately 1000 lawyers around the world. The firm was recently named “Global Capital Markets Law Firm of the Year” by Chambers Global and “Equity Team of the Year for the Americas” by International Financial Law Review. International Tax Review also named the firm its “Tax Firm of the Year” in New York and Europe. Other accolades include being named the “Strongest U.S. Firm in European M&A” by LegalWeek and “African M&A Advisor of the Year” by Acquisitions Monthly. Cleary Gottlieb has offices in New York, Washington, D.C., Paris, Brussels, London, Moscow, Frankfurt, Cologne, Rome, Milan, Hong Kong and Beijing.