Tong Yu is highly regarded in the Japanese market thanks to his extensive experience advising on complex debt and equity transactions.
A partner in the corporate department, Tong focuses on representing Japanese and other Asian companies in connection with global capital markets transactions and cross-border mergers and acquisitions transactions. Tong is resident in the firm's Tokyo office and is a member of the capital markets and securities group.
In the capital markets and securities area, Tong has represented both US and non-US issuers and underwriters in connection with initial public offerings, secondary offerings, debt offerings (investment grade and high-yield debt, and hybrid capital securities), exchange offers and multi-jurisdictional tender offers. He has been involved in transactions relating to issuers in the United States, Canada, Germany, Greece, China, Japan and Korea. Tong's major representations include Mitsubishi UFJ Financial Group, Inc in connection with several global offerings of its common equity securities, senior debt securities as well as various hybrid securities; The Bank of Tokyo-Mitsubishi UFJ Ltd in connection with several offerings of its senior debt securities; NEC Corporation in connection with global offerings of its common equity securities; and Tencent Holdings Limited in connection with its initial public offering.
In addition, Tong advises companies listed in the United States on reporting obligations, corporate governance matters and other securities law and stock exchange issues.
In the mergers and acquisitions area, Tong has done work for both public and private companies and advised on strategic joint ventures and various other forms of equity investment transactions. Tong has also provided US securities law advice on business combinations among non-US companies, including SEC-registered business combination transactions. Tong's representative M&A matters include Citigroup Inc's sale of its retail banking business in Japan; Citigroup Inc's sale of Citi Cards Japan; Virtu Financial LLC, a New York-based global electronic market-making firm, in its strategic minority investment in SBI Japannext Co, Ltd, a Japan-based proprietary trading system; Citigroup Inc's sale of its controlling interest in Nikko Asset Management; Nissay Dowa Insurance C, Ltd's business combination transaction to form one of the largest non-life insurance companies in the world; and Mitsubishi Tokyo Financial Group, Inc's merger with UFJ Holdings, Inc to form one of the largest financial institutions in the world.
Tong's work has earned him recognition as a leading capital markets lawyer in Japan by Chambers and Partners, The Legal 500, IFLR1000 and Who's Who Legal, as well as a leading corporate/M&A lawyer in Japan by Chambers and Partners and IFLR1000.