Hong Kong
| Milbank, Tweed, Hadley & McCloy has announced the formal launch of its local law practice in Hong Kong. It becomes the latest New York law firm to establish a Hong Kong law practice, attracted by a surge in listings and deals involving Chinese companies. Milbank said its Hong Kong law capability would enhance its Asia-based international law practices focusing on debt and equity capital markets and public and private M&A transactions. Dieter Yih, who joined Milbank’s partnership at the beginning of the year, will head the firm’s Hong Kong practice. Yih, previously a partner at Mallesons Stephen Jaques, will focus on capital markets, corporate finance and mergers and acquisitions in Hong Kong and mainland China. He is vice-president of the Law Society of Hong Kong and chairs its Standing Committee on Standards and Development and the Legal Education Committee. The number of foreign law firms practising in Hong Kong has risen dramatically in the last few years as Chinese companies’ share of Hong Kong’s market capitalisation has skyrocketed. |
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