PwC launches Hong Kong legal practice
The Big Four accountancy firm has entered the legal fray making hires from King & Wood Mallesons and O’Melveny & Myers.
The move has resulted in the establishment of a new independent Hong Kong firm, Tiang & Co, led by former KWM Beijing partner David Tiang, which has entered into an association with PwC’s Singapore-licensed foreign law practice, PwC Legal International. Mr Tiang is joined by former O’Melveny Hong Kong capital markets partner Gigi Woo. In addition, former O’Melveny Hong Kong counsel Joyce Tung joins as counsel.
David Tiang
The new entity will specialise on advising on China-related mergers and acquisitions, inbound and outbound deals, business restructuring and integration as well as China and Hong Kong-related regulatory and compliance work. Mr Tiang joined King & Wood Mallesons as a partner specialising in regulatory and compliance matters in 2012. Before that, he was the China general counsel for Wal-Mart Stores for four years. And before that, he was an Asia-based in-house lawyer at General Electric.
Standard Chartered
Miss Woo joined O’Melveny in 2012 from Standard Chartered Bank, where she oversaw legal matters for the bank’s capital markets unit having previously held in-house roles at Deutsche Bank and Goldman Sachs. In 2015, she represented Chinese drugmaker Shanghai Haohai Biological Technology Co on a $302 million listing on the Hong Kong Stock Exchange.
In the offing
Singapore-based PwC Legal International was launched in December as a foreign law practice in addition to the auditor’s affiliated Singapore law firm Camford Law Corp.
Source: Global Legal Post
