Over the course of the last several decades, clients have benefited from Simpson Thacher establishing one of the leading transactional practices in Asia—with offices in Beijing, Hong Kong and Tokyo. As globalization intensified, and the transactional activities of our clients increased, they needed representation in Trans-Pacific litigation, and regulatory and investigative matters. We created the Asia Litigation Practice to serve our clients in this rapidly expanding market.
“They are so
responsive and so thoughtful. The service and responsiveness is through the
roof.”
– Chambers USA (quoting a client)
Clients seek the advice of our Asia Litigation Practice primarily for competition litigation, government and internal investigations, intellectual property litigation, international arbitration and securities litigation. Clients are supported by attorneys with extensive experience in Asia-related litigation, including many who are fluent in Chinese, Japanese or Korean.
Recent disputes include:
- Alibaba in multibillion-dollar securities class action alleging false and misleading statements in prospectus for its record-setting $25 billion IPO; and in securities class action related to Ant Group’s IPO
- GDS Holdings Limited in dismissal of securities class action
- Ant Financial (n/k/a Ant Group) in shareholder litigation related to its $1.2 billion acquisition of Moneygram
- Qudian Inc. in securities class actions
- Yingli in obtaining complete dismissal in federal securities lawsuit; and in antitrust litigations alleging price fixing in the solar panel market
- Ruhnn Holding in multiple putative securities class actions concerning its IPO disclosures
- Xunlei Limited in securities class action based on the strategic divestment of an online video streaming business and focus on mobile Internet services
- Publicly traded Chinese energy company in LCIA arbitration concerning major supply agreement dispute
- JOYY Inc. in federal securities class action alleging false and misleading statements concerning revenues
- Leading global private equity firms in M&A and other HKIAC, ICC, and CIETAC arbitrations, both in the capacities of claimant and respondent
Recent government and internal investigations include:
- Multinational medical technologies company as SEC-appointed independent consultant relating to FCPA internal control failures
- Public company in internal investigation and related Hong Kong litigation arising from a significant phishing/business email compromise incident in Hong Kong
- Major Asian telecommunications company in SEC FCPA investigation
- Global telecommunications company and individual officers in anti-corruption investigation by Hong Kong Independent Commission Against Corruption
- Leading global pharmaceutical manufacturer in global anti-corruption investigation focused on alleged misconduct in China and other jurisdictions
- Public company in internal investigation focused on alleged corrupt activities by Company executives in China
- U.S.-listed Chinese technology company in internal investigation focused on potential corruption and failure to make required disclosures
- U.S.-listed consumer products company in internal investigation relating to potential corruption in China operations, as well as a follow-up review of the company’s global compliance program
Clients rely on our ability to obtain successful, cost-effective outcomes, and appreciate our understanding of the interplay of economic, legal and cultural issues arising in litigation, arbitration and investigation matters. We are pleased that these successes have earned us the trust and loyalty of numerous leading companies with business interests in Asia.
“One of the strengths
of this team is the amount of work they do in China, so they have a particular
understanding of the unique challenges and issues there.”
– Chambers USA