LAN TAO is a partner in Sidley’s Mergers & Acquisitions practice and is based in the firm’s Beijing office.
Tao has advised a large number of multinational corporations in connection with their M&A activities in or involving China. His inbound practice covers a wide range of industrial sectors. In recent years, Tao’s practice has been increasingly focused on acting for Chinese companies on their outbound transactions.
Tao has been deeply involved as one of the key lawyers in advising the Chinese companies in some of the most significant outbound transactions in the oil and gas, mining, energy and infrastructure and financial services sectors in recent years. These transactions involve the acquisition of both private and public companies overseas that hold assets in South America, Africa, Central Asia and Southeast Asia.
Prior to joining Sidley, Tao was a partner at another prominent U.S. law firm and was also a partner at a leading Chinese law firm in Beijing. Tao is fluent in English and Mandarin.
Tao’s significant recent experience includes representing*:
- CNODC in its acquisition of the participation interest in the ToR+ PSC for Buzios area in Brazil which involves negotiation of a suite of interlinking and highly complex upstream documents, including co-participation agreement, unit operating agreement and the associated payment agreement, joint operating agreement, lifting agreement, etc.
- United Energy Group on its acquisition from OMV through auction process of the upstream natural gas interests and the associated processing facilities in Pakistan.
- A China-based PE firm on its proposed acquisition through auction process of the upstream natural gas interests and the associated pipeline interests in Myanmar from Chevron.
- A China-based independent oil company on its proposed acquisition of the upstream natural gas interests in Romania.
- A Chinese energy company in connection with disputes involving upstream O&G assets and operations in various African countries.
- A large Chinese State-owned petrochemical company on its proposed acquisition of oil and gas downstream assets in Latin America and oil retail, trading and storage assets in Southeast Asia countries.
- A large Chinese state-owned petrochemical company in the development of multi-billion dollar petrochemical complex in the Mid-Atlantic region of the United States utilizing natural gas liquids produced from the Appalachian supply basin.
- A Chinese government sponsored fund on its joint acquisition (with an international consortium led by an international PE fund) of a majority stake of the pipeline assets based in a Latin American country.
- CMEC as the lead sponsor on the joint development with the Sri Lanka government of a gas-to-power project at the port of Hambantota in Sri Lanka that includes a LNG receiving terminal and a gas-fired power plant.
- A large US company on the proposed joint development with a Chinese investor of a LNG exporting terminal in the US.
- CNPC’s joint acquisition with Kazakh state oil company Kazmunaigas to of JSC Mangistaumunaigas (MMG) for AUS$3.3 billion.
- CNPCI on its proposed acquisition of Verenex (a TSE listed company with oil and gas interests in Libya). The deal contemplates acquisition of 100% of the shares of Venex by way of takeover offer.
- CNOOC on its joint bid with Sinopec to acquire from Marathon a 20% participating interest in Block 32 in Angola.
- A Chinese state-owned energy company on its proposed acquisition of the majority interest in a coal-fired power project in the US.
- A Chinese SOE on its proposed acquisition of a minority interest in the geothermal power project in Kenya.
- A Chinese SOE on its investment in a solar power project in Maldives.
- A private equity fund in its proposed divesture of wind and solar power projects in China.
- PowerChina Real Estate on the establishment of a joint venture company with EcoWorld to develop an industrial park project in Malaysia.
- A Chinese SOE on the establishment of a joint venture company with a leading Singapore-based developer to develop an industrial park project in India.
- HNA Tourism on its sale of Radisson Hotel (with operations in Europe and U.S.) to the consortium led by Jinjiang Group.
- GE on the sale of its global home appliance business to Haier for $5.4 billion.
- ICBC on its acquisition of the majority interest of the global commodities trading platform from Standard Bank for $700 million.
- ICBC on its proposed acquisition of a minority interest of a Taiwan based bank and financial holding company.
- The Chinese consortium led by Minmetals on its acquisition of Lasbambas project in Peru from Glencore for $7 billion.
- A Chinese company on its large-scale integrated bauxite-alumina project in Guinea.
*includes matters worked on prior to joining Sidley