Lektou

Macao SAR

Analysis

Overview

With a global presence spanning Macau, Zhuhai, Shenzhen and Portugal, Rato Ling Lei & Cortés is renowned for its specialisation in banking and finance, capital markets, corporate and M&A, and dispute resolution. The firm consistently delivers exceptional legal services tailored to the unique needs of its clients. Its industry strengths lie in the gaming, IT and real estate sectors, where the firm has established a strong track record. The firm has experienced both growth and change in its team over the past year. It made several key hires in 2023, including Ka I Wong from Cheang Chao Sou e Leong Law Firm, Beatriz Segorbe as senior counsel from Jorge Neto Valente Advogados, and Nga Lam Ho from OCT Law Firm, strengthening various practice areas including banking, finance, and litigation. However, the firm also saw departures, with Ka Un Kou joining Shun Tak Holdings in July 2023 and Ka Man Ng moving to RV – Pedro Redinha e João Varela, Advogados e Notário Privado in March 2024.

General business law

Work highlights

Advised Wynn Macau on the issuance of $600 million convertible bonds due in 2029. This transaction marked the inaugural deal following the fresh awarding of new casino gaming concessions, with the concession agreements taking effect on January 1, 2023.

Advised Zhuhai Rural Commercial Bank Company on its successful issuance of a three-year, Rmb500 million ($70 million) senior unsecured green bond. This green Lotus bond set several national firsts: the first domestic bank Lotus bond in China, the first Lotus bond for a local corporate financial institution in China, and Macau's first domestic entity's senior unsecured green bond.

Represented Zhuhai Huafa Group in the successful issuance of guaranteed bonds. The bond created three firsts: the first "Hengqin Guangdong-Macao Deep Cooperation Zone" bond, the first Rmb-denominated non-financial corporate bond listed in Macau and Luxembourg, and the first Macao bond to be announced to the market for trading, book-keeping and pricing in Chinese, English and Portuguese.

Key clients

China Taiping Life Insurance (Macau) Company, Micro Connect (Macao) Financial Assets Exchange, Nam Yue (Group) Company