Next Generation Partners

Capital markets in Taiwan

Baker McKenzie

Benefitting from the firm’s international reach, the capital markets practice at Baker McKenzie is a go-to for Taiwan’s leading banking and finance institutions and manufacturing giants. The practice routinely advises several leading investment banks on the structuring of various M&A transactions, as well as representing a swathe of high profile local and multinational companies, public companies and regulatory agencies in all aspects of capital market transactions. Alex Chiang (dual-qualified in Taiwan and the US) focuses on securities transactions for clients in financial services and manufacturing, while Wen-Yen Kang and Mark Tu both bring impressive cross border transactional experience acting for Taiwan’s leading technology manufacturers.

Responsables de la pratique:

Alex Chiang; Wen-Yen Kang

Autres avocats clés:

Mark Tu

Principaux clients

Cathay Life Insurance Co., Ltd.

KHL Capital / Growww Co. Ltd

Universal Scientific Industrial (Shanghai) Co., Ltd.

WIN Semiconductors Corp.

Credit Suisse (Hong Kong) Limited

Merrill Lynch (Bank of America)

Goldman Sachs International

Alchip Technologies Limited, Taiwan Branch

Fubon Financial Holding Co., Ltd

Principaux dossiers

  • Acted as Taiwan legal counsel to Innolux Corporation, one of the leading LCD panel makers based in Taiwan, in their offering of $300 million in convertible bonds, in accordance with Regulation S on the Singapore Stock Exchange.
  • Acted as Taiwan legal counsel to Yageo Corporation, one of the leading electronic component manufacturing firms, in their offering of 63,400,000 common shares, in accordance with Rule 144A and Regulation S, to sponsor the issuance of 12,680,000 global depositary shares worth US$649.85 million on the Luxembourg Stock Exchange.
  • Acted as legal counsel to Goldman Sachs, which acted as joint underwriter to offering and listing of TSMC’s US$1 billion Formosa Bonds in Taiwan.

Lee and Li, Attorneys-at-Law

Trusted by some of the world’s largest financial institutions to handle their capital market transactions in Taiwan, Lee and Li, Attorneys-at-Law is a heavyweight of the capital markets sector. With recent high-profile, high value transactions in the tech, finance, sovereign wealth and energy sectors, the firm’s strong front bench of partners provides cross-border expertise across a wide range of industries. Patricia Lin ’s expertise in the issuance of global depository receipts across multiple currencies is a key asset for international clients, while Abe Sung focuses on IPO and securitisation dealings. Jessica Wang comes highly recommended at the associate level for her broad regulatory and compliance experience right across the practice area.

Responsables de la pratique:

Patricia Lin; Abe Sung

Autres avocats clés:

C.T Chang; Robin Chang; Hsin-Lan Hsu; James Huang; Sarah Wu; Mark Yu; Jessica Wang

Les références

‘They are the expertise in Capital Markets with reasonable billing and swift reply.’

‘Patricia Lin, the leading lawyer of capital markets in Lee and Li, knows what client wants and needs.’

Principaux clients

Goldman Sachs

Morgan Stanley

Deutsche Bank


JP Morgan

Credit Suisse

Standard Chartered Bank (Taiwan) Limited

The Hong Kong and Shanghai Banking Corporation Taipei Branch

Nomura Int’l (HK) Ltd.

Barclays Capital Asia Limited


Credit Gricole Corporate & Investment Bank Taipei

Principaux dossiers

  • Advised Hon Hai Precision Industry Co., Ltd. on all relevant regulatory and compliance issues related to its US$700 million bond offering.
  • Advised Taiwan Cement Corporation on all relevant regulatory and compliance issues related to its US$800 million in its bond offering.
  • Acted as Taiwan counsel for the Federal Government of the United Arab Emirates (acting through the Ministry of Finance) in the creation of US$2 billion worth of Formosa Bonds, reviewing relevant transaction documents to ensure local law compliance.
  • Advised Qatar Petroleum on all relevant regulatory and compliance issues related to its US$12.5 billion bond offering in 4 tranches, inlcuding a 30-year Formosa bonds tranche, which is dual-listed on the Taipei Exchange and London Stock Exchange.
  • Advised TSMC Arizona Corporation on all relevant regulatory and compliance issues related to its US$4.5 billion bond offering in 4 tranches guaranteed by the Guarantor, Taiwan Semiconductor Manufacturing Company Limited.

Tsar & Tsai Law Firm

Servicing a wide range of high-value international and domestic clients, Tsar & Tsai Law Firm’s capital markets practice is a key player in the space, specialising in complex cross-border IPO and securities offerings. Leading the department with a dual-Taiwan and -US qualification, Jackie Lin brings vast experience in handling listing requirements and both onshore and offshore investment products. Janice Lin advises Taiwan-listed companies with foreign securities offerings, while Yvonne Liu brings a particular expertise in securities compliance within Taiwan’s highly regulated market. Recent highlights include the complex cross-border issuance of convertible bonds for a tech manufacturer, and a swathe of high value privatisations.

Responsables de la pratique:

Jackie Lin

Autres avocats clés:

Janice Lin; Yvonne Liu

Principaux clients

GlobalWafers Co. Ltd.

58 freight

Cathay United Bank

Lai Sun Development Company Limited

Lai Sun Garment International Limited

Yorkey Optical International (Cayman) Ltd.

Good Friend International Holdings Inc.

Marelli Corporation

Taiwania Capital Management Corporation

Ennoconn Corporation

Jadard Technology Inc.

Qumei Home Furnishings Group

Onewo Space-Tech Service Co., Ltd.

Jadard Technology Inc.

Principaux dossiers

  • Assisted GlobalWafers Co. Ltd., the world’s third largest and the largest non-Japanese semiconductor silicon wafer manufacturer, in its issuance and offering of US$1 billion currency linked zero coupon convertible bonds.
  • Advised 58 freight, a logistics start-up operating gogox and fast Dog Taxi brands, on Taiwan-related matters for its IPO application to the Hong Kong stock exchange.
  • Assisted Cathay United Bank and its offshore branch in its offering of offshore structured notes and sale to onshore qualified investors.

Jones Day

With a focus on the technology sector, Jones Day is a key international firm serving both domestic and foreign clients within Taiwan’s capital markets. The firm advises some of the region’s leading financial institutions and holding companies on cross-border investments, IPOs and private placements. Raymond Wang leads the practice with nearly 25 years’ experience advising foreign issuers considering Taiwanese IPOs. Peggy Lee and Yen-Chen Chen are noted for their experience in complex cross-border capital market transactions.

Responsables de la pratique:

Raymond Wang

Autres avocats clés:

Peggy Lee; Yen-Chen Chen

Principaux clients

GF Equipment Rental Sdn. Bhd.

Ting Hsin International Group

Principaux dossiers

  • Assisted GF Equipment Rental Sdn. Bhd. on their IPO on the Taiwan OTC Exchange.
  • Advising Ting Qiao (Cayman Islands) Holding Corporation in connection with the issuance of series Pre-A shares in its newly established business, “Belray Coffee”.

K&L Gates

With recent high value work in the technology, healthcare and financial services sectors, K&L Gates’ capital markets practice is an effective regional firm with strong cross-border capabilities. James Chen leads the department with expertise in public offerings and private placements of equity, debt and securities, having advised foreign investors on more than 30 joint ventures and foreign-owned projects. Jacqueline Fu specialises in venture capital transactions, private equity fund investments, and securities law, particularly in cross-strait matters. Billy Chen focuses on business structuring and fundraising, while Joseph Tseng is the firm’s go-to for start-ups in Taiwan’s rapidly growing fintech and biotech sectors.

Responsables de la pratique:

James Chen

Autres avocats clés:

Jacqueline Fu; Billy Chen; Joseph Tseng

Les références

‘The teams are very professional and can give a full sense of trust.’

‘Lawyers are very friendly and efficiency, and can help clients find the best answer to any question’

Principaux clients

Cloud Mile Inc.

Gorilla Technology Group Inc.

KAiA Capital CO., LTD

KGI Asia Limited

Mesh Ventures

Silicon Motion Technology Corporation

Taiwan Liposome Company Ltd.

Principaux dossiers

  • Advised Silicon Motion Technology Corporation on entering into a US$3.8 billion cross-border take-private acquisition with California-based MaxLinear, Inc.
  • Advised Taiwan Liposome Company, Ltd. on its go-private transactions with Woods Investment Co., Ltd.
  • Advised Gorilla Technology Group Inc. on its proposed merger with blank check company Global SPAC Partners, Co., through which Gorilla will become a publicly traded company.

Lin & Partners Attorneys-At-Law

The capital markets practice at Lin & Partners Attorneys-At-Law routinely advises investment banks and institutional investors on equity and debt-linked derivatives and IPOs, with notable capabilities handling structured products transactions. The department is co-led by George Lin and Kaiju Lee. Lin operates across the private and public sectors in compliance reviews, note issuances, and master trading agreements, while Lee brings considerable experience in public offerings and advises on the regulatory aspects of OTC derivatives transactions. Ted Liu is recommended for cross-border capital markets disputes.

Responsables de la pratique:

George Lin

Autres avocats clés:

Kaijue Lee; Ted Liu

Chien Yeh Law Offices

The capital markets practice at Chien Yeh Law Offices assists multiple Taiwanese and foreign enterprises with raising funds from overseas markets. The department is led by Gary Hung, who brings 20 years’ expertise in assisting Taiwanese and foreign enterprises with becoming listed on the Taiwan Stock Exchange and Taipei Exchange. Rosy Chang focuses on due diligence elements of IPO listings and corporate acquisitions.

Responsables de la pratique:

Gary Hung

Autres avocats clés:

Rosy Chang

Principaux clients

Chunghwa Telecom Co., Ltd.

Ventec International Group Co., Ltd.

Taiwan Financial Holdings Co., Ltd

BankTaiwan Life Insurance Co., Ltd.

GSD Technologies Co., Ltd.

FY Group Ltd.

Taipei Exchange

Principaux dossiers

  • Assisted Yuen Foong Yu Consumer Products Co., Ltd. with due diligence and compliance matters regarding the approval of IPO.
  • Assisted FY Group Ltd. with due diligence and compliance matters regarding the approval of IPO.

Formosan Brothers Attorneys at Law

Representing both domestic and international clients, the capital markets practice at Formosan Brothers Attorneys at Law is an effective advisory and transactional office with a focus on legal opinion for regulatory compliance concerns and due diligence ahead of IPO filings. Li-Pu Lee ’s cross-border experience is an asset in the finance and technology spaces while Terry Tu focuses on OTC share listings and bond prospectus reviews for overseas subsidiaries of domestic securities companies.

Responsables de la pratique:

Li-Pu Lee

Autres avocats clés:

Terry Tu