(May 5, 2014) - Paul Hastings, a leading global law firm, announced today that the firm represented Shunfeng Photovoltaic International Limited (“Shunfeng Photovoltaic”), a Hong Kong-listed high-tech enterprise focused on the research and development, manufacturing and sales of ingots, wafers, solar cells and solar modules, as its U.S. counsel in its US$482 million very substantial acquisition of the entire equity interests of Wuxi Suntech Power Co., Ltd. (“Wuxi Suntech”) from its PRC administrator.
Shunfeng Photovoltaic is the largest independent private solar provider of solar energy in China. Wuxi Suntech operates two production plants with annual production capacities of 1.6 GW for solar cells and 2.4 GW for solar modules. Before Wuxi Suntech went into administration, it was a subsidiary of Suntech Power Holdings Co.
The Paul Hastings team was led by partners Sammy Li
and Luc Despins
, with support from of counsel Edwin Kwok
, and associate Chris Fong
. Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.