OLN · Oldham, Li & Nie · In Association with Watson & Band
Curriculum Vitae · Confidential
Cermain Cheung
Curriculum Vitae

Cermain Cheung

Consultant · Corporate & Commercial
Founders, funds, and regional businesses on M&A, venture capital, and cross-border transactions — from seed rounds to multi-billion-yuan acquisitions.
Direct+852 9822 2278
Emailcermain.cheung@oln-law.com
Office+852 2868 0696

§ 01 About

Cermain has practised in Hong Kong since 2009, advising founders, funds, regional businesses, universities, and private clients on M&A, venture capital, cross-border transactions, and personal investment matters. Her practice spans seed rounds for first-time founders to multi-billion-yuan acquisitions for HKEX-listed companies — always on the company and founder side. Many of her clients she has acted for over a decade. She co-leads OLN's Startup Tech team, chairs the Women Initiative APEC of GlobaLaw, and lectures part-time in commercial contract drafting at HKU Law School.

"Contracts should be clear, fair, and built for real relationships — not weapons stockpiled for the day the relationship ends."

§ 02 Selected experience

M&A · Deal of the Year
Led 10+ private acquisitions and JV formations for an HKEX-listed Chinese warehousing company. Most recent: acquisition of 30+ overseas subsidiaries at RMB 4B+, named Deal of the Year by China Business Law Journal.
Family Office · Investment arm
Structured the startup incubation and investment arm of a prominent Hong Kong private family business — investment policy, governance, and the standard investment paper template.
Series C · Tech
Lead counsel on a USD 60M Series C for a Chinese knowledge-sharing platform — company-side negotiation of subscription, shareholders' agreement, and SAFE-to-equity conversion mechanics.
Universities · OKT
Legal counsel to Hong Kong universities and their Offices of Knowledge Transfer (OKT) on startup and incubation matters. Appointed counsel for university teams selected under the Raise+ scheme.
Year of call
2009
Practising since
17 years
Position

Consultant, OLN — Corporate & Commercial

Co-Lead, Startup Tech team

Current appointments
Chair, Women Initiative APEC GlobaLaw
Editorial Director Legal Industry Review · China & HK · 2024–
Practice areas
  • Corporate & Commercial
  • Emerging Companies & VC
  • Private M&A
  • Cross-Border Investment
  • Private Client
  • Local Compliance
Sectors
AIFintechBiotechE-commerceLogisticsConsumerCryptoProptech
Languages
  • English
  • Cantonese
  • Mandarin
OLN · Cermain Cheung · Curriculum Vitae
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§ 03 Practice — typical work

  • M&A
    Private acquisitions, joint ventures, and divestitures — company-side and founder-side, including post-acquisition integration.
  • Cross-border investments & expansion
    HK–PRC and outbound structuring, regional commercial agreements, market-entry into Europe, Japan, and ASEAN.
  • Data protection
    PDPO compliance, data-handling provisions in commercial contracts, cross-border data transfer, breach response.
  • Employment
    Executive service agreements, founder service agreements, share schemes, and restrictive covenants.
  • Licensing
    Technology and brand licensing, IP commercialisation, distribution and reseller arrangements.
  • Web 3 regulatory advice
    Token and exchange structuring, VATP regime, stablecoin and digital-asset regulatory matters.
  • Regulatory & compliance
    SFC and HKMA touchpoints, sector-specific licensing, and ongoing compliance for operating businesses.

§ 04 Further experience

  • Seed
    USD 1.75M seed for a craft beer startup; angel + follow-on rounds for an influencer e-commerce company; multiple bridge / SAFE / convertible note rounds for AI and fintech startups across the region.
  • Cross-border
    JVs and strategic partnerships: China–UK fashion; Japan–HK/PRC climate control; Shenzhen–Europe software; commercial agreements with European, Japanese, and ASEAN counterparties.

§ 05 Qualifications & admissions

  • 2009
    Admitted as a Solicitor of the High Court of Hong Kong
  • 2007
    Postgraduate Certificate in Laws (PCLL), University of Hong Kong
  • 2005
    Bachelor of Laws (LLB), University of Hong Kong

§ 06 Teaching & thought leadership

  • 2023–2024
    Part-time Lecturer in Commercial Contract Drafting, University of Hong Kong Law School. Designed and delivered the practical drafting module for the LLM and PCLL programmes.
  • Ongoing
    Invited speaker at Hong Kong universities on entrepreneurship law, and at industry roundtables on founder structuring, vesting mechanics, and the practical enforceability of restrictive covenants.

§ 07 Appointments, public service & recognition

Public service
  • Current
    Adjudicator, Registration of Persons Tribunal
  • Current
    Panel Member, Appeal Panel (Basic Housing Units)
Profession & editorial
  • Current
    Chair, Women Initiative APEC — GlobaLaw
  • 2024–
    Editorial Director, Legal Industry Review (China & Hong Kong)
Member of
  • The Law Society of Hong Kong
Industry recognition
  • China Business Law Journal — Deal of the Year
  • OLN — Hong Kong Law Firm of the Year, Asialaw Awards 2025