July 26, 2018
The Financial Times has recognized Latham & Watkins for its novel work on two deals in its 2018 Asia-Pacific Innovative Lawyers report, an annual review of innovative legal work across the region. The report “aims to show the true value provided by the legal sector and to recognise those lawyers who consistently advance the interests of their clients, firms and the profession itself.”
Latham earned a “Standout” ranking for advising Deutsche Bank in connection with hotel management company China Lodging’s equity-linked issuance. According to the Financial Times, “Lawyers realised the sale of China Lodging convertible bonds in the US would be successful only if they could market them to a larger pool of investors engaged in convertible arbitrage, so they created a ‘registered borrow’ mechanism for the company’s Nasdaq-listed American depositary shares.” New York partner Witold Balaban and Hong Kong partner Posit Laohaphan led the Latham deal team.
The Financial Times also “Highly Commended” Latham for representing the Japan Bank for International Cooperation, the Asian Development Bank, and a consortium of commercial banks in connection with the project financing for the Muara Laboh Project, an 80-MW greenfield geothermal power plant in West Sumatra, Indonesia. The publication reported that Latham “developed a new type of geothermal power purchase agreement for the Muara Laboh Project, which will provide sustainable energy to the Sumatra power grid in Indonesia.” Tokyo partner Joseph Bevash and Singapore partner Stephen McWilliams led the Latham deal team.
The award-winning matters build on Latham’s decades-long history of corporate and finance work across the Asia-Pacific region.