Sidley Austin

In one of Asia's most anticipated and successful hedge fund start-ups, Sidley Austin represented Hong Kong-based hedge fund manager Abax Global Capital in the first globally-offered hedge fund to launch in Hong Kong with investor demand exceeding US$1 billion. The fund represents the first mega launch of the new special-situations hybrid funds in Hong Kong and marks an important milestone in the development of the Asian hedge fund industry. Partner Effie Vasilopoulos in Hong Kong led the Sidley team on the transaction.

^{Sidley Austin acted for China Development Bank (CDB), a government policy-oriented statutory financial institution in China and a longstanding client of the firm, in its recent renminbi bond offering in Hong Kong. The offering of Rmb5 billion 3% bonds due in 2009 by CDB consisted of a Hong Kong public subscription and Regulation S institutional placement.}