7 May 2019
- Frank Yuen, Dauwood Malik, Matthew Buchanan, Danielle Delbridge, James Clark, Per Lindberg, Christine Yassa, Michael Pallaras, Ryan Wong, Jeff Wong, Virginia Lee, Luke Grubb, Clara Tang, Sally Murphy
- Hong Kong, Singapore
Clifford Chance advises Kai Tak Sports Park Limited on winning tender for US$3.8 billion Hong Kong sports infrastructure project
Leading international law firm Clifford Chance has advised Kai Tak Sports Park Limited, a consortium consisting of New World Development and its subsidiary NWS Holdings, on the successful award of a 25-year contract to design, build and operate the Kai Tak Sports Park at a construction contract sum of HK$29.99 billion (US$3.8 billion). The successful award by the Hong Kong Government followed a tendering process that started more than 18 months ago, and culminated recently with a groundbreaking ceremony officiated by HKSAR Chief Executive the Honourable Mrs. Carrie Lam.
Occupying a 28-hectare site in the north apron area of the former Kai Tak International Airport, the Kai Tak Sports Park is the largest and most important sports infrastructure project in Hong Kong in decades. In addition to sports and leisure facilities such as a 50,000-seat stadium with retractable roof and an indoor sports centre, the project also includes commercial facilities and extensive public open space.
A cross-border and cross-practice team led by Hong Kong partners Frank Yuen and Dauwood Malik, and Singapore partner Matthew Buchanan advised on the tender and related contracts and commercial arrangements. In Singapore, they were supported by counsel Danielle Delbridge, senior associates James Clark and Per Lindberg, and associates Almiro Clere and Christine Yassa. In Hong Kong, they were supported by senior associate Michael Pallaras, Ryan Wong and Kenneth Yu, and associate Jeff Wong.
Frank said, "This is a really proud moment for our multidisciplinary team of colleagues across Hong Kong and Singapore who advised Kai Tak Sports Park Limited on their successful bid for this landmark sports infrastructure project in Hong Kong. This complex matter played to our strengths as a firm and our ability to work seamlessly as one team for our valued client."