Linklaters and its China joint operation partner Zhao Sheng Law Firm (Zhao Sheng) acted as joint legal advisors to UBS AG on its acquisition of full ownership of UBS Securities Co. Limited (UBS Securities). By acquiring the 33% equity interest in UBS Securities from Beijing State-owned Assets Management Co., Ltd, UBS AG has raised its equity interest in UBS Securities from 67% to 100%.
UBS Securities was the first foreign-invested, fully-licensed securities joint venture in China when it became operational in 2007. Linklaters acted as the legal advisor to UBS AG on the establishment of UBS Securities and, together with Zhao Sheng, advised UBS AG on its subsequent equity step-ups in UBS Securities.
The transaction was led by Linklaters’ corporate partner John Xu and Zhao Sheng’s corporate managing associate Hansen Ji, with support from antitrust & foreign investment partner Xi Liao and corporate associate Ying Hong from Zhao Sheng.
About Linklaters LLP
Linklaters LLP is a leading global law firm, advising the world’s leading companies, financial institutions and governments on their most important and challenging transactions and assignments. We combine legal expertise with a collaborative and commercial approach to help clients navigate constantly evolving markets and regulatory environments, pursuing opportunities and managing risk worldwide. With offices in major business and financial centres, we deliver an outstanding service to our clients anywhere in the world. Our 3,100 + lawyers, located across 31 offices in 21 countries, specialise in industry sectors as well as practice areas across three divisions: Corporate; Litigation, Arbitration and Investigations; and Finance.
