ANNUAL 2013 REPORT Beijing Office Chengdu Office London Office 36-37/F, SK Tower, 6A Jianguomenwai Avenue, Beijing 6/F, East Building, La Defense No. 1480, North Tianfu 10-11 Austin Friars 100022, People's Republic of China Avenue, Chengdu High-tech Zone 610042, P.R.China London, EC2N 2HG Tel : 86-10-5957-2288 Tel : 86-28-6208-8000 Tel : 44-(0) 20-7382-1567 Fax : 86-10-6568-1022/1838 Fax : 86-28-6208-8111 Fax : 44-(0) 20-7382-1568 Shanghai Office Wuhan Office New York Office Level 10 & 11, Two IFC, NO. 8 Century Avenue, Pudong 17F, New World international Trade Tower, 568 340 Madison Avenue, 19th Floor New Area, Shanghai 200120, PRC Jianshe Da Dao, Wuhan 430022, P.R.China New York, New York 10173 Tel : 86-21-6061-3666 Tel : 86-27-8555-7988 Tel : (212)-220-9399 Fax : 86-21-6061-3555 Fax : 86-27-8555-7588 Fax : (212)-202-3758 Shenzhen Office Hong Kong Office 10/F, Tower A, Rongchao Tower, 6003 Yitian Road, 409 Jardine House, 1 Connaught Place, Central, Futian District, Shenzhen, 518026, CHINA Hong Kong Tel : 86-755-3325-6666 Tel : 852-2877-3088 Fax : 86-755-3320-6888/755-3320-6889 Fax : 852-2525-1099 Guangzhou Office Tokyo Office 23/F, R&F Center, 10#Huaxia Road, TianHe District, 6F Kioicho Building, 3-12 Kioicho, Chiyoda-ku, Guangzhou 510623 Tokyo 102-0094, Japan Tel : 86-20-2826-1688 Tel : 81-3-3288-8791 Fax : 86-20-2826-1666 Fax : 81-3-3288-8795 Beijing·Shanghai·Shenzhen·Guangzhou·Chengdu·Wuhan·Hong Kong·Tokyo·London·New York 本所为特殊的普通合伙制事务所 LLP Contents Message from the Managing Partner 1 About Zhong Lun 3 Awards and Honors 4 News of the Year 6 Activities of the Year 8 Social Responsibility 10 Real Estate 12 Overseas Investments 32 Capital Markets/Securities 15 Labor & Employment 33 Private Equity & Investment Funds 17 Tax & Wealth Management 34 Corporate/Foreign Direct Investment 19 Securitization & Financial Products 35 Mergers and Acquisitions 20 Bankruptcy & Reorganization 37 Banking and Finance 22 Hospitality 38 Dispute Resolution 24 Technology, Media, Telecoms and Entertainment 39 Intellectual Property 25 Regulatory Compliance/Anti-bribery 40 Construction & Infrastructure 28 Environmental, Energy and Natural Resources 41 Antitrust/Competition 30 Shipping 42 WTO/International Trade 31 Message from the Managing Partner Dear clients, friends and colleagues, I am delighted to present you with our 2013 Annual Report. 2013 was a red-letter year in the history of Zhong Lun, for it marked the 20th anniversary of this fast growing law firm. Looking back over the past 20 years, we are proud of the significant progress we have made in enhancing our service offerings and growing our international client base. We believe this progress stands as a clear testament to your long-term cooperation, dedication, understanding and commitment to the firm, for which, please allow me to take this opportunity, on behalf of the firm, to extend our sincerest gratitude to each and every one of you. In spite of a slow recovery in the world economy during 2013, Zhong Lun maintained its steady growth momentum and shouldered more social responsibility. 2013 also saw further progress in the firm’s expansion of its global presence with the opening of the New York Office. This presents us with more opportunities to serve our clients in a more diversified way and marks a new step in the firm’s development. As we hail our inspired accomplishments of the past 20 years, it is also important for each one of us to think about one question – “What shall we do in the next 20 years?” To maintain our leading position in the Chinese law profession and fulfill our strategy of developing into a large-scale, professional, specialized and forward- looking law firm, we need to embrace development trends and keep pace with the times. There is a lot of work ahead. We will continue our commitment to enhancing risk control in the legal profession, refining the division of our legal services based on specialization, strengthening collaboration among different divisions and offices, infusing fresh blood into the management structure, building a fairer and more workable and standardized institutional system, and ensuring a balanced development of divisions and work teams. We are also working on a plan to ally with other leading law firms in a bid to better integrate resources and create conditions for cooperation and sharing among lawyers. When we glance back over the past 20 years, we feel grateful for the opportunities brought by the times and society, the unwavering support extended by our friends from all walks of life, and the expertise and dedication given by our Zhong Lun people. With the new year unfolding before us, we look forward to continuing working with you to further enhance our commitment to creating a legal system that is more open, fairer, more sharing and harmonious. Wu Peng, Managing Partner Zhong Lun Law Firm February 2014 www.zhonglun.com 1 Zhong Lun Law Firm Annual Report 2013 A leading full service law firm in China Founded in 1993, Zhong Lun is one of the largest law firms providing a complete spectrum of legal services in China. Zhong Lun, with over 160 partners and almost 700 professionals working in ten offices in Beijing, Shanghai, Shenzhen, Guangzhou, Wuhan, Chengdu, Tokyo, Hong Kong, London and New York, is capable of providing our clients with high-quality legal services across a wide range of fields by virtue of appropriate specialization and close teamwork. 2 Zhong Lun Law Firm Annual Report 2013 Zhong Lun Law Firm Annual Report 2013 About Zhong Lun About Zhong Lun Real Estate Overseas Investments Capital Markets/Securities Labor & Employment Private Equity & Investment Funds Tax & Wealth Management Corporate/Foreign Direct Investment Securitization & Financial Products Mergers and Acquisitions Bankruptcy & Reorganization Banking and Finance Hospitality Dispute Resolution Technology, Media, Telecoms and Entertainment Intellectual Property Regulatory/Anti-bribery Construction & Infrastructure Environmental, Energy and Natural Resources Antitrust/Competition Shipping WTO/International Trade www.zhonglun.com 3 Zhong Lun Law Firm Annual Report 2013 Awards and Honors Chambers Asia Rankings of PRC Law Firms The PRC law firm with the most recommended bands by Chambers Asia in two consecutive years Most Recommended Band One Law Firm Number of Band One Practice Areas Most Recommended Outstanding Lawyers Number of Outstanding Lawyers 14 2013 12 46 2012 2013 43 2012 Most Recommended Practice Areas Number of Ranked Practice Areas 2013 23 18 2012 4 Zhong Lun Law Firm Annual Report 2013 Zhong Lun Law Firm Annual Report 2013 Awards and Honors Band One Law Firm for Capital Markets, Investment Funds, Mergers and Acquisitions and Private Equity IFLR 1000 Band One Law Firm for Banking and Finance, Capital Markets, Mergers and Acquisitions, Dispute Resolution Legal 500 PRC Real Estate Law Firm of the Year Chambers and Partners Real Estate Law Firm of the Year Asian Legal Business Project Finance Deal of the Year Asian Legal Business Band One PRC Private Equity Law Firm Asian Legal Business China Top 20 Largest Law Firms, Asia Top 50 Largest Law Firms Asian Legal Business Employer of Choice Award Asian Legal Business Leading PRC IPO Market Legal Advisor (Cross-border) China Venture Top 5 VC & PE Investment PRC Legal Advisor China Venture Leading Domestic M&A Market Legal Advisor Zero2IPO PE Investment Legal Advisor of the Year Chinese Venture Leading PRC Corporate M&A Law Firm Asian-Mena Counsel Leading PRC Dispute Resolution Law Firm Asian-Mena Counsel Leading PRC Real Estate and Construction Project Law Firm Asian-Mena Counsel The Most Responsive Domestic Law Firm in China. Asian-Mena Counsel Leading PRC Hospitality Law Firm 2013 Corporate Intl Magazine Legal Award Domestic Firm of the Year Real Estate & Construction China Law & Practice PRC Team of the Year – Capital Markets China Law & Practice Private Equity Deal of the Year China Law & Practice M&A Law Firm of the Year 21st Century Business Herald Silver Award for The Law Firm of the Year International Legal Alliance Summit Rated Number 2 Law Firm of the Year (China Region) Nihon Keizai Shimbun China’s 10 Most-Recommended Engineering Law Firms U.S. Magazine Engineering News-Record and China-based Construction Times The Most Cooperative Law Firm (Legal Counsel) PE Association of Shanghai The Best Legal Services Agency for PE & VC China Venture Capital & Private Equity Association www.zhonglun.com 5 Zhong Lun Law Firm Annual Report 2013 News of the Year Zhang Xuebing Elected as Standing Committee Member of the 14th Beijing Municipal People’s Congress Zhong Lun founding partner Zhang Xuebing was elected as a member of the Standing Committee of the 14th Beijing Municipal People’s Congress at the first session of the Congress. The session was closed on January 28, 2013. Zhong Lun Opened New York Office On April 23, 2013, Zhong Lun opened its New York Office in the heart of Midtown Manhattan. The office is led by two senior partners Philip Zhang and TK Chang who cumulatively have over 50 years of private practice experience in leading international law firms. The New York Office is also supported by over 40 Zhong Lun partners who hold US legal qualifications and who are located throughout our offices worldwide. Together, they are able to provide our clients with seamless round-the-clock legal support. Zhong Lun Celebrated 20th Anniversary 6 Zhong Lun Law Firm Annual Report 2013 Zhong Lun Law Firm Annual Report 2013 News of the Year On May 17, 2013, Zhong Lun celebrated its 20th anniversary in Beijing with over 600 participants, including senior officials, experts and leading figures from the judicial sector in China, high-end clients in various industries, and partners from Zhong Lun’s ten offices.