Law firms from the UK, US and Hong Kong have advised on the first ever Chinese GDRs listed on the London Stock Exchange. Zhejiang Southeast Electric Power Company's dual listing on the London and Shanghai exchanges will also be China's largest B-share offering. The company's total market capitalization will be more than US$200 million.
Two of Arthur Andersen's associated law firms, Garretts in the UK and Ede Charlton in Hong Kong, worked together in advising BZW Asia, the global coordinator. Herbert Smith teams in London and Hong Kong advised Zhejiang. Skadden, Arps, Slate, Meagher & Flom and Lee & Partners Law Offices advised the underwriters on US and Chinese law respectively, and Zhong Xin Law Office advised Zhejiang on Chinese law.
Herbert Smith's London partners Chris Parsons and Martina Asmar worked with the firm's Hong Kong team; Jeremy Xiao, Ian Tokley, Michael Fosh and Huang Lixin. Garretts' team in London comprised Simon Atiyah, Sandu Luk and Maria Fernandez de Pinedo and the Ede Charlton team in Hong Kong was led by Julia Charlton assisted by Louise Edwards and Justin Ma.