Ogier has been recognised in the recent Asian-Counsel “Deals of the Year 2009” for its role in Primus Nan Shan Holding Company Ltd’s acquisition of Nan Shan Life Insurance from AIG.

Ogier's Hong Kong office acted as legal advisers to China Strategic Holdings, a Hong Kong-listed company, on its purchase as the lead investor in a consortium, of the Taiwanese insurance business of American International Group. The consortium - 80 percent owned by China Strategic Holdings and 20 percent by Primus Financial Holdings - won the bid for AIG’s 97.5 percent-owned Nan Shan Life Insurance.

The US$2.15 billion deal announced on 13 October 2009 is the largest sale of an AIG business and the biggest ever deal in Taiwan’s financial sector.
Ogier Hong Kong also received an Honourable Mention from the Asian Counsel magazine for work on the Liquidation / workout of Lehman Brothers assets. Timothy Bridges was the partner involved from Ogier Hong Kong for both deals.

Now in its fifth year, Asian-Counsel’s Deals of the Year 2009, recognises the most noteworthy transactions from December 2008 to November 2009 with the winning deals selected according to their innovation, complexity, size and / or uniqueness.

Duncan Smith, Managing Partner of Ogier Hong Kong, commented “Recognition by this respected industry publication reinforces Ogier’s position as a leading cross jurisdictional law firm. As a rapidly growing office for Ogier we are pleased that our quality of our work here in Asia has also been recognised in what is a very exciting stage for us in a highly competitive market.”

Ogier Hong Kong opened in 2006 to provide BVI and Cayman legal and fiduciary services and will shortly offer a range of Guernsey and Jersey legal and fiduciary services, a unique offering in the Asian time-zone. Ogier has won 11 industry awards out of 15 nominations across the globe in the past year which clearly demonstrates Ogier’s substantial strength and quality of service offerings across continents.