FacultyFaculty/Author Profile
Matthew Bersani

Matthew Bersani

Shearman & Sterling

Central, Hong Kong, , HKG


Matthew Bersani, Global Head of Corporate Finance for the firm, regularly advises clients on complex regulatory and transactional matters, including FCPA/anti-corruption compliance, regulatory investigations, securities offerings, SEC compliance and cross-border capital markets transactions. He is a frequent speaker on the FCPA, the JOBS Act, SEC rules and related legal and regulatory developments. Matters in which Mr. Bersani has been involved include various compliance and investigations engagements throughout Asia, equity and debt offerings of all kinds and corporate governance matters. Mr. Bersani has worked on many of the most sensitive and complex matters in Asia for over 20 years and has been cited as “top tier” or “highly recommended” in various guides to the world’s leading lawyers. He is recognized as a leading individual in China, Hong Kong, Thailand and India by Chambers Global and Chambers Asia (2009-2017).

Recent Experience Includes Representation of:

  • The underwriters, led by Merrill Lynch and Deutsche Bank in connection with the US$101 million initial public offering and listing on the NASDAQ Global Select Market of Hutchison China MediTech Limited, a China-based, globally-focused healthcare group that researches, develops, manufactures and sells pharmaceuticals and health-related consumer products 
  • Erdenes Oyu Tolgoi LLC, a Mongolian state-owned company, regarding joint venture and financing matters for the US$10 billion Oyu Tolgoi copper and gold project, the largest financial undertaking in Mongolia’s history and one of the largest mine financings completed to date, which project is jointly owned by Rio Tinto and Erdenes
  • Star Petroleum Refining Public Company Limited, the Thai refining unit of Chevron Corporation, in connection with its US$363.4 million initial public offering and listing on the Stock Exchange of Thailand. The offering included an international offering in reliance on Rule 144A and Regulation S
  • Citigroup, DSP Merrill Lynch Limited, Credit Suisse, HSBC and J. P. Morgan, ICICI Securities, Kotak Mahindra Capital Company Limited and SBI in connection with the US registered US$1.2 billion Global Rights Offering by Tata Motors
  • Hutchison Port Holdings Trust, in connection with the Rule 144A/ Regulation S offering by the issuer of US$500 million aggregate principal amount of 2.25% Guaranteed Notes due 2018 and US$500 million aggregate principal amount of 2.875% Guaranteed Notes due 2020
  • Morgan Stanley and Bualuang Securities as joint global coordinators in connection with a THB 55 billion (US$1.685 billion) initial public offering of investment units of Jasmine Broadband Internet Infrastructure Fund and listing on the Stock Exchange of Thailand, including an international offering in reliance on Rule 144A and Regulation S
  • The underwriters, led by Morgan Stanley, Credit Suisse and  China Renaissance in connection with the US$72 million initial public offering of Tuniu Corporation, a leading online leisure travel company in China, on the Nasdaq Stock Exchange
  • PTT Exploration and Production Public Company Limited in connection with its US$3 billion offering of new ordinary shares to existing shareholders in a preferential public offering and a Rule 144A/Reg S international offering to new investors
  • The Hong Kong Government in the US$4.2 billion Rule 144A/ Reg S offering of equity of units by the Hong Kong Tracker Fund
  • The Government of Mongolia in connection with its Rule 144A/Reg S offering of Series A US$500 million 4.125% Notes due 2018 and Series B US$1 billion 5.125% Notes due 2022 as part of its US$5 billion Global Medium Term Note Program
  • The underwriters, led by Merrill Lynch, Nomura, the Royal Bank of Scotland and Phatra Securities in connection with the US$602 million IPO and listing in Thailand of, and the international offering outside the United States of, investment units in Tesco Lotus Retail Growth Freehold and Leasehold Property Fund
  • The underwriters, led by Morgan Stanley, in the NASDAQ listing and U.S. initial public offering of ordinary shares of MakeMyTrip Limited. This was the first U.S. initial public offering by an Indian company since 2006
  • Credit Suisse in the US$100 million bond convertible offering by Vincom Joint Stock Co, one of the largest listed property companies in Vietnam. This was the first overseas sale of convertible bonds by a Vietnamese issuer
  • The underwriters, led by Merrill Lynch, China International Capital Corporation, Credit Suisse, Deutsche Bank and ICEA Capital, in the US$22 billion IPO of Industrial and Commercial Bank of China Limited
  • Hutchison Whampoa on its US dollar bond offerings as well as tender offers and exchange offers relating to the same
  • The underwriters, led by Merrill Lynch, Morgan Stanley, Citigroup and Nomura, in the US$2 billion US IPO of India-based metals and mining company, Sterlite Industries; Deutsche Bank and Morgan Stanley as joint bookrunners in connection with the US$500 million US registered convertible bond offering by Sterlite
  • The Link Management Company in the US$2.5 billion global offering including Hong Kong IPO of The Link REIT
  • The underwriters, led by Credit Suisse First Boston and Morgan Stanley, in the US$455 million US IPO of Suntech Power; the underwriters led by UBS, Goldman Sachs, and Deutsche Bank, in the follow-on offering of American depositary shares of Suntech
  • PetroChina in the US$3 billion dual US and Hong Kong IPO of PetroChina
  • True Move, a Thai telecommunications company, in the Rule 144A/Regulation S offering of US$225 million of high yield guaranteed notes, one of the only high yield offerings ever out of Thailand
  • The underwriters, led by Goldman Sachs and China International Capital Corporation, in the US$4 billion dual US and Hong Kong IPO of China Mobile, the world’s largest mobile phone company, as well as for the underwriters or the issuer on several subsequent follow-on offerings
  • Merrill Lynch as sole bookrunner in the US$325 million secured senior notes offering by Empire Capital Resources Pte Ltd, guaranteed by PT Berau Coal, a leading Indonesia based coal company
  • The underwriters, led by Goldman Sachs, Citigroup and CICC, in the US$1.3 billion dual IPO by China Netcom Group Corporation
  • The underwriters, led by BOC International, Goldman Sachs, HSBC and Morgan Stanley, in the US$1.8 billion Rule 144A/Regulation S IPO by Pingan Insurance
  • The underwriters, led by Deutsche Bank, JP Morgan, Merrill Lynch, Phatra Securities and SCB Securities, in the US$850 million Rule 144A/Regulation S IPO by Thai Beverage Public Company Ltd.
  • The lead underwriters, China International Capital Corporation, Morgan Stanley and UBS, of a US$1.72 billion follow-on offering of H shares listed on The Stock Exchange of Hong Kong and American Depositary Shares representing H shares listed on the New York Stock Exchange and pursuant to Regulation S under the U.S. Securities Act, by China Telecom Corporation Limited, China’s largest fixed line telecommunications company
  • The underwriters, led by China International Capital Corporation, Merrill Lynch and Morgan Stanley for China Telecom Corporation Limited on its US$1.52 billion global offering of American Depository Shares representing its H Shares and dual listing on the New York Stock Exchange and The Stock Exchange of Hong Kong
  • Goldman Sachs as global coordinator in connection with a registered offering of America depositary shares representing common shares of Taiwan Semiconductor Manufacturing Company Limited
  • Goldman Sachs as global coordinator, bookrunner and lead manager in connection with an initial public offering in Hong Kong and a Rule 144A/Regulation S offering of ordinary shares of Tencent China International Capital Corporation
  • Goldman Sachs and HSBC as joint global coordinators and joint bookrunners in connection with an initial public offering in Hong Kong and a Rule 144A/Regulation S international offering of H shares of Bank of Communications Co., Ltd.
  • Morgan Stanley as sole bookrunner in connection with an automatic shelf registration statement and subsequent takedown of American depositary shares of Ctrip.com International, Ltd. by Rakuten, Inc.
  • The initial purchasers, led by Credit Suisse and Merrill Lynch, in the THB17 billion (approximately US$432 million) initial public offering of Airports of Thailand Public Company Limited.The offering involved the listing of the new Ordinary Shares on The Stock Exchange of Thailand and a global offering pursuant to Rule 144A and Regulation S under the U.S. Securities Act.
  • JPMorgan, Merrill Lynch International and Morgan Stanley as joint international coordinators, bookrunners and lead managers in connection with an initial public offering in Thailand and a Rule 144A/Regulation S offering of ordinary shares of Thai Oil Public Company Limited
  • Merrill Lynch & Co. and Morgan Stanley as joint international coordinators, bookrunners and lead managers in connection with an initial public offering in Thailand and a Rule 144A/Regulation S offering of ordinary shares of Rayong Refinery Public Company Limited, related to its privatization by PPT Public Company Limited
  • Credit Suisse First Boston as sole bookrunner in the US$750 million debut sovereign bond offering by The Government of the Socialist Republic of Vietnam
  • Morgan Stanley, Phatra Securities and Finansa in connection with the offering of ordinary shares by Thai Airways PCL. Thai Airways offered approximately US$488 million of ordinary shares through a preferential offering to existing shareholders and a retail offering in Thailand; any remaining shares were to be offered through a Rule 144A/Regulation S offering through Morgan Stanley as initial purchaser and a Thai offering through Finansa Securities and Phatra Securities as underwriters

Education

Columbia University School of Law, J.D., 1988

Princeton University, B.A., cum laude, 1982

Bar Admissions/Qualifications

New York
Hong Kong

Language

English and Mandarin

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