• Personal introduction
Penny HU graduated from China University of Political Science and Law as well as Leiden University. She is currently a senior counsel of Yingdong Law Firm and the deputy head of the International Business Department with a focus on foreign direct investment (FDI), PE investment and M&A deals, international trade and arbitration as well as data compliance. Before joining Yingdong, Penny worked in a Dutch-founded law firm and Dentons Shanghai Office for many years.
Penny has considerable experience in assisting foreign companies to develop their business in China and gathered particular expertise in the following industries: Industrial Manufacturing, Fashion & Luxury, Food & Beverage and E-commerce & digital market. The world famous brand owners she has worked for include, by way of mere example, ALDI, New Look, Lululemon, Rene Caovilla, Minotti, Wills Fitness, Monini, and Stone Island. During her practice, she has been exposed to plenty of cases with respect to customers/employees personal data compliance for retail and manufacturing companies as well as the cross-border transfer of personal data in M&A deals.
Penny is also serving as a counsel of the Swiss China Law Association, where she is dedicated to promote mutual understanding between China and Europe among both the legal and business community.
• Representative performance
Cross-border M&A
Representing Welkom Fitness Group in the sale of its shares to L Catterton Asia, a fund under LVHM Group;
Representing an Italian Medical Device Company in its equity financing project with a Chinese state owned company (ongoing);
Representing an Italian manufacturing company in its attempt acquisition of a poultry farm in China;
Advising a German listed multinational company on their acquisition of a Chinese homogenizer company;
Assisting shareholders of a Dutch technology company that belongs to Philips Group in the sale of its business to a Chinese listed company;
Assisting shareholders of a Taiwan invested company in the sale of its business to a leading Chinese technology company;
Advising a SaaS company in its equity investment with Sequoia Capital;
Advising an IVD company in its fundraising with a listed company by way of convertible loans;
Advising a client on initiate an SP sub-fund under a Cayman SPC.
FDI
Advising ALDI, a world’s top 500 company, on foreign direct investment in China with the scale of total investment exceeding 800 million RMB;
Advising New Look, a leading fashion company, on its direct investment in China with the scale of total investment reaching 16.31 million GBP;
Advising many other European and American companies on their direct investments in China, including Blokker, Hunkemoller, etc.
General Corporate and Compliance
Penny has advised plenty of foreign invested enterprises on their general corporate matters, compliance, labor issues and IP protection, including, by way of mere example:
Providing legal services to the famous supermarkets, ALDI and Biyide (including advising on their employees and customers personal data policy);
Providing legal services to the world well-known fashion and furniture brands: Rene Caovilla, New Look, Lululemon and Stone Island (including advising on their employees and customers personal data policy and data protection agreements);
Providing legal services to Formel D Engineering Technology Co. Ltd. (a German invested company);
Providing legal services to Schmersal Industrial Switchgear (Shanghai) Co., Ltd. (a German invested company);
Providing legal services to Ompi Pharmaceutical Packing Technology (China) Co. Ltd. (a Italian invested company);
Providing legal services to Zhejiang Elica Putian Electric Co., Ltd. (a Italian invested company), including advising on their employees and customers personal data policy and data protection agreements;
Providing legal services to Bonfiglioli Drives (Shanghai) Co., Ltd. (a Italian invested company);
Providing legal services to IAR Software Development (Shanghai) Co., Ltd. (a Swedish invested company) including advising on their employees and customers personal data policy and data protection agreements;
Providing legal services to Coveme Engineered Films Zhangjiagang Co., Ltd. (a Italian invested company);
Providing legal services on compliance matters to Dutch Ophthalmic Research Center (a Dutch invested company);
Providing legal services to Etam Group on general corporate and compliance matters;
Prviding legal services to Hanjing New Materials (Henan) Co. Ltd. on compliance and risk control;
Providing legal services to Canaan Consulting (a US invested company).