Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 05-09-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | AMP Capital JV with China Life Asset Management Company | Industry: | Nonlife Insurance |
| Description: |
Leading international law firm Clifford Chance has advised AMP Capital on its proposed establishment of a joint venture funds management company with China Life Asset Management Company, a subsidiary of China Life Insurance China access to China (Group) Company, China's largest insurance group and the world's largest listed insurance company by market capitalisation.
The joint venture will operate as China Life AMP Asset Management, offering retail and institutional investors in China mutual funds in domestic equities and fixed income products.
This will be China Life's first joint venture in China with a foreign partner in funds management, and also the first Chinese insurance company to take advantage of recently enacted China Insurance Regulatory Commission's (CIRC) revised regulations allowing insurance companies to establish funds management companies.
AMP Capital will hold a 15% stake in the joint venture with China Life holding the remaining 85% stake.
Terence Foo was supported by senior associate Jiang Niao and associate Grace Wu, working together with the Sydney team led by Corporate partner Danny Simmons and senior associate Amelia Horvath.
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| Financial Center: | Beijing | Value: | 0.00-0.00 |
| Advised Party: | Joint Venture Party | Law Firm | Clifford Chance |
| JV Party Jurisdiction | China | JV Party Jurisdiction | China |
| Classification: |
Joint Ventures Continuing Business Partnership |
Lawyer | Terence Foo |
