GCR 100 - 18th Edition

Broad & Bright

11 January 2018

China

Broad & Bright competition practice head Yao Feng – one of the firm’s founders – is universally tipped as one of the best Chinese competition lawyers, and she has built a thriving practice with particular strengths in deal work. The 13-year-old firm holds three other specialist competition partners, and a client roster featuring the likes of Google, private equity shops KKR and Carlyle, General Electric and semiconductor companies Broadcom and MediaTek. The team handled around 100 mergers and investigations between 2014 and the end of 2016.

The Chinese aspects of multibillion-dollar global deals are Broad & Bright’s clear forte. In 2015, the team represented semiconductor manufacturer NXP during its $11.8 billion acquisition of Freescale, which saw Mofcom grant its first conditional approval in three years. Other highlights include representing Medtronic in its $42.9 billion acquisition of Covidien; car safety system supplier TRW as it was bought by ZF Friedrichshafen for $12.4 billion; HP as it bought Samsung’s printer business for just over €1 billion; and the Sikorsky Aircraft Corporation in its €9 billion acquisition by Lockheed Martin.

Few Broad & Bright matters are in the public domain. However, the team has been involved in the NDRC’s auto parts investigation, successfully bagging a mitigated penalty for a confidential client. It also represented a global shipping company in the same enforcer’s liner shipping probe, and a US telecommunications company in the NDRC’s first-ever commitments case.

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