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China Practice

With an outstanding reputation in Canadian business law and a longstanding on-the-ground presence in the Asia-Pacific region, Stikeman Elliott provides the two essential elements required to advise Chinese clients - professional expertise and an understanding of the commercial and cultural context of our clients' expectations.

We have acted on the majority of large acquisitions by Chinese companies of Canadian assets in recent years. Our experience includes acting for some of China's most prominent companies and state-owned enterprises, including China National Offshore Oil Company, Sinopec International Petroleum Exploration and Production Corporation, China National Petroleum Corporation, CNNC Overseas Uranium Holding Ltd., CITIC Group and the Cheung Kong Group. Our extensive regulatory and government relations practices - notably in international trade and antitrust - are another key to success for Stikeman Elliott's Chinese clients, who turn to the firm regularly for advice on the full range of legal issues related to acquisitions within Canada by foreign entities.

The firm has also acted on the vast majority of private placements undertaken by large PRC (including HK) companies into Canada in conjunction with IPOs on the HKSE or Rule 144A offerings into the United States. As well, the firm's extensive natural resources practices including energy and mining in Toronto, Calgary, Vancouver, London and Sydney provide clients with expertise and knowledge in key financial and capital market locations for the sector.

Specific recent experience includes acting for:

  • PetroChina International Investment Company Limited, directly and indirectly through its subsidiary Phoenix Energy Holdings Limited, in its C$1.9B acquisition of a 60% working interest in Athabasca Oil Sands Corp.'s MacKay River and Dover oil sands projects, and in its subsequent acquisitions of the remaining 40% interest in the MacKay River project for C$680M and the remaining 40% interest in the Dover project for approximately C$1.2B.

  • A joint venture consisting of Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited in its C$380M acquisition of the Park'N Fly airport parking business in Canada.

  • Renergy Petroleum (Canada) Co., Ltd., an affiliate of Changjiang Investment Group Co., Ltd. in its acquisition of certain assets from and joint venture with Sunshine Oilsands Ltd. involving initial aggregate capital commitment of up to C$250M.

  • China National Offshore Oil Company as Canadian counsel in its US$19.5B cash acquisition (including assumption of debt) of Calgary-based Nexen Inc., the largest Chinese acquisition of a foreign company.

  • Chengdu Tianqi Industry (Group) Co., Ltd. in the C$806M acquisition by Tianqi's subsidiary, Windfield Holdings Pty. Ltd., of all the shares of Talison Lithium Limited not already owned by Windfield.

  • China Guangdong Nuclear Power Holding Co. Ltd. in its A$2.2B acquisition of ASX/TSX listed Extract Resources Ltd.

  • Cheung Kong Infrastructure Holdings Ltd. in its US$413 acquisition of EnviroWaste Services Ltd.

  • Port de Djibouti SA in the US$185M acquisition of a 23.5% share by China Merchants Holdings.

  • Bright Food Group Co. in its US$1.9B acquisition of a 60% controlling interest in Weetabix Ltd. from private equity owner Lion Capital LLP. 

  • Dalian Wanda Group Co. as Canadian counsel in its US$2.6B acquisition of U.S. cinema chain AMC Entertainment Holdings. The transaction represents the largest overseas acquisition by a Chinese company in the entertainment industry.

  • Western Mining Group Co., Ltd. in its C$250M acquisition of Inter-Citic Minerals Inc.

  • Hutchison Whampoa Luxembourg Holdings S.à.r.l. and L.F. Investments (Barbados) Limited, the two principal shareholders of Husky Energy Inc. in their $C707M private placement purchase of additional common shares of Husky.

  • Sinopec International Petroleum Exploration and Production Corporation in its C$10.3B acquisition of Addax Petroleum Corp., the largest-ever overseas acquisition by a Chinese company at the time.

  • Teck Resources Limited in the C$1.74B private placement of Class B subordinate voting shares to China Investment Corporation.

  • Bank of China Investment Group in the C$230M equity investment, together with China Life Insurance Company and others, in Sunshine Oilsands Limited.

  • CNNC International in its C$31M acquisition of Western Prospector Group Ltd.

  • CNPC International Ltd., a wholly-owned subsidiary of China National Petroleum Corporation, in its C$499M offer to acquire Verenex Energy Inc.

  • Sinopec International Petroleum Exploration and Production Corporation in its C$2B acquisition of Tanganyika Oil Company Ltd.

  • Stanley Power, a subsidiary of Cheung Kong Infrastructure Holdings Limited and Hong Kong Electric Holdings Limited in connection with its acquisition of the TransAlta interest in the Meridian Limited Partnership and the associated senior debt refinancing.  

Our Presence in Asia and the Pacific Rim

For over twenty years, Stikeman Elliott has been the dominant Canadian legal presence in Asia and the Pacific Rim, including China, Hong Kong, Japan, South Korea, India, Australia, New Zealand, Thailand and Singapore. Today, reflecting the position of Canada as a target for rapidly expanding Asian economies and significant sources of capital, the firm, through its Canadian and Sydney offices, provides advice on a large number of significant transactions from Asia and the Pacific Rim into Canada. Practice leaders of the firm regularly travel throughout the Asia-Pacific region, in addition to making quarterly or more frequent visits to China, Hong Kong, South Korea and India.

 
Related Practices
Contacts
Key Contacts

Montréal:
Steeve Robitaille

Toronto:
Donald G. Belovich
William J. Braithwaite
Jay C. Kellerman

Calgary:
Keith R. Chatwin
Christopher W. Nixon

Vancouver:
John F. Anderson

Ottawa:
Susan M. Hutton
Justine M. Whitehead

New York:
Kenneth G. Ottenbreit 

London:
Derek N. Linfield

Sydney:
Brian G. Hansen
Quentin Markin

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