Barry Cheng is the co-head of the Banking & Finance Practice Group in China and Hong Kong. PLC Which lawyer? ranks him as a leading lawyer in project finance and banking for lenders and borrowers. He is also top-ranked by Chambers Asia Pacific, Chambers Global and Legal 500 Asia Pacific in banking and finance. Chambers Asia Pacific also recommends him for restructuring/insolvency work in China and Hong Kong, while IFLR 1000 cites him as a leading lawyer for banking in China, and bank lending and project finance in Hong Kong. Mr. Cheng is admitted as a solicitor in Hong Kong, England & Wales, Singapore and the Australian Capital Territory.
Mr. Cheng’s practice is focused on project finance, loans and credit facilities, as well as securitization and structured finance. He mainly handles international financing transactions, with a particular emphasis on project-related financing and structured financing in the PRC. He also provides sound legal advice on creditors’ rights, and assists clients in their financial restructurings. Mr. Cheng also focuses on financings for large cross-border transactions by leading Chinese corporations.
Representative Legal Matters
- Represented Bank of China’s head office in a EUR900 million financing to a chemical project company in Central Europe.
- Acted for a major PRC sponsor and its borrowers in relation to a USD11 billion gas pipeline project in Uzbekistan and Kazakhstan.
- Acted for PRC lenders on a PRC export credit agency-supported USD69 million export credit financing for the acquisition of a mobile telecommunication network in India.
- Acted for PRC lenders on a PRC export credit agency-supported EUR51.7 million export credit financing for a cement plant project in Turkey.
- Acted for PRC lenders on a PRC export credit agency-supported USD233 million receivables financing for a mobile telecommunication network in Costa Rica.
- Acted for a foreign sponsor on a USD110 million limited recourse project financing for an oil exploration project near Beijing, PRC.
- Acted for the arranger on a proposed USD and RMB dual tranche limited recourse financing for a coal project in the PRC.
- Acted for European Investment Bank in relation to a limited recourse build-operate-transfer (BOT) project financing for a water treatment plant in Chengdu, PRC.
Professional Associations and Memberships
- Law Society of Hong Kong
- Singapore (1995)
- Australian Capital Territory~Australia (1991)
- England & Wales (non-practicing)~United Kingdom (1991)
- Hong Kong (1987)
- Chinese University of Hong Kong (Diploma) (1987)
- College of Law at Guildford (S.F.E.) (1985)
- University College at Cardiff (LL.B.) (1984)
Baker & McKenzie, a Hong Kong partnership, is a member of Baker & McKenzie International, a Swiss Verein.