Access to Global Capital Markets- This area of practice involves serving as counsel to the issuer or underwriter in connection with an undertaking by a Taiwan entity to raise capital on the international capital markets. Frequently used approaches include overseas listing, issuance of ADR or GDR and issuance of convertible bonds or exchangeable bonds (bonds exchangeable into common shares of a different company).

Exit Strategy- A key component to many direct equity investment strategies is exit. Consideration must be given to a number of exit possibilities in establishing the investment structure, including domestic Taiwan listing, direct overseas listing, and dual listing in Taiwan coupled with overseas listing or issuance of depository receipts abroad.

Access to Taiwan Capital Markets- This area of practice involves representation of clients who have or seek status to trade on Taiwan's securities exchanges as well as clients seeking to raise capital through listing on those exchanges.

Joint Ventures- Non-Taiwan insurance companies increasingly seek joint ventures with Taiwan insurers or other Taiwan financial institutions. The foreign company's goal usually is to obtain market access without incurring the time and cost needed to build one's own Taiwan operation. Key issues often are control of the venture and valuation of each party's contribution. We assist foreign companies to understand the regulatory environment and the alternatives for structuring their ventures.

New Products-Taiwan's Insurance Bureau maintains a detailed procedure for insurers wishing to offer new insurance products in Taiwan. These products often are based on insurance products offered in other jurisdictions. We assist insurers to adapt these products to Taiwan's legal environment and to assure regulators that the products fill genuine market needs and do not create unreasonable risks.

Structure of Cross- Border Security Interests- Taiwan's laws related to cross-border security interests remain complex. Taiwan still has foreign exchange controls. Foreign financial institutions can hold some types of security interests, but not others. Some types of securities match their counterparts in other jurisdictions, while others have similar names but different combinations of rights and responsibilities. We assist parties to cross-border financial transactions to understand the types of securities available under Taiwan law and to structure their dealings to utilize those devices which can increase efficiency and decrease risks and costs in a particular transaction.

Joint Ventures- As in the insurance industry, non-Taiwan financial institutions often seek joint ventures with Taiwan banks. The non-Taiwan party often brings expertise in investment products or specific banking services. The Taiwan bank brings access to its customers. In such ventures, we assist our clients to understand Taiwan's banking and securities regulations so they can share control of the venture and adapt the foreign party's expertise to Taiwan's regulatory system successfully.

Representation of a U.S. private investment fund in the offering of its fund through a major Taiwan bank;

Representation of a number of the world's largest securities companies on regulatory matters affecting the provision of cross-border investment banking services and securities offerings in Taiwan;

Representation of a US Company in connection with its exit plan in the form of an ADR (American Depositary Receipts) program for disposition of its shareholding in a major Taiwan semiconductor manufacturing company;