Clive Rough
Clive Rough represents major financial institutions and corporations, handling a broad range of finance-related transactions, including loans and leverage financing, fixed income-related matters, debt capital markets and convertible bonds, securitizations and other structured finance matters, derivatives, debt and equity structured products, distressed debt, restructurings and regulatory work.

Bio

Mr. Rough also advises clients on general corporate matters, mergers and acquisitions, insurance matters and REIT transactions. The transactions on which Mr. Rough has advised have included take-private and other acquisition financings, leveraged financings, bridge loans, margin loans, working capital facilities and various other types of financings, the issuance of fixed and floating rate bonds, subordinated bonds (for regulatory capital purposes) and convertible and exchangeable bonds, loan subparticipations, repackagings, and many types of complex derivative and structured finance transactions.

Mr. Rough’s recent experience includes representing, among others:

  • Deutsche Bank AG, Standard Chartered Bank, Goldman Sachs and DBS Bank Ltd. on a US$50 million loan facility for Pacnet Limited, a provider of telecommunications and internet services;
  • JPMorgan Chase as mandated lead arranger and coordinator on a US$235 million dual currency loan facility to the Beijing Auto Group, a state-owned enterprise and holding company of several Chinese automobile and machine manufacturers;
  • Baidu, Inc. as borrower on its recent US$2 billion syndicated loan facility and various bilateral loan facilities;
  • TAL Education Group as borrower on its recent US$400 million syndicated loan facility;
  • DBS Bank Ltd. and China Minsheng Banking Corp., Ltd. as providers of SBLC-backed facilities to Focus Media Holding Ltd.;
  • Focus Media Holding Ltd. on the refinancing of its US$1.4 billion facilities; and
  • the buyer groups on take-private financings for E-House, Homeinns and Mindray Medical.

Mr. Rough also has advised many banks and other financial institutions on complex derivative and structured finance matters, including loan subparticipations and securitized note issue repackaging transactions; structured loans to Korean entities; bids in nonperforming loan auctions in Hong Kong, South Korea, The Philippines and Thailand; securitization swaps in respect to Korean securitization transactions; total return swaps, gold swaps, super-senior swaps and Ascot swaps; and other complex structured derivative transactions.

Mr. Rough formerly was the head of the Asian structured finance practice and managing partner of the Hong Kong office of another major international law firm. Previously, he held several management roles in that firm’s Bangkok, London and New York offices. Mr. Rough was selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business 2015.

Credentials

Education

  • M.A. (Law), University of Cambridge, Jesus College, 1977

Admissions

  • Solicitor, England & Wales (1980)
  • Solicitor of the High Court of Hong Kong (1997)

Clive Rough

Partner, Banking, Corporate Finance
clive.rough@skadden.com