Of Counsel

Singapura + 65.6538.3939 Xangai + 86.21.2201.8024

For more than 20 years, Elizabeth Cole has worked in Asia-Pacific representing multinationals and Fortune 500 companies, specifically those located in China, Hong Kong, Indonesia, and Singapore. Her practice encompasses M&A, compliance, data protection, investigations, and employment. She has represented multinationals investing and divesting in Asia from greenfield operations to joint ventures and complex cross-border multijurisdictional acquisitions as well as in a broad range of commercial matters. She also has assisted clients in reviewing and implementing employment contracts, hiring and firing practices, and workplace and data privacy policies to ensure that they comply with local laws and regulations.

Elizabeth is certified as a privacy professional (CIPP/A) by the International Association of Privacy Professionals (IAPP) and regularly assists clients in navigating compliance with the rapidly changing data protection and cybersecurity laws in the region.

Elizabeth has written and spoken extensively on employment, data protection, and cybersecurity laws and regulations in Asia, including authoring the "China Employment Law" chapter in Corporate Counsel Guide to Doing Business in China (Thomson Reuters, multiple editions, 2009-2019) and the China section of Lexis Nexis publication Specific Corporate Compliance Challenges by Practice Area: Data Privacy and Information Security (2023) and as a speaker on China Data Protection Law and Practice at BitKom's Privacy Conference (October 2023) and Asia Employment Law Updates at HR Policy Association's Asia Pacific Conference (March 2023).


  • Entravision Communications sells digital advertising representation business to Aleph GroupJones Day advised Entravision Communications Corporation in the sale of its digital advertising representation business to Aleph Group.
  • Gaw Capital Partners enters strategic partnership with Sinar Primera in Indonesia data center developmentWorking with local Indonesian counsel, Jones Day advised Gaw Capital Partners regarding its entry into a strategic partnership with Sinar Primera, a leading Indonesian developer of new economy real estate, to develop an Internet Data Center at Nongsa Digital Park in Batam, Indonesia.
  • ABS sells technical inspection service line to ApaveJones Day advised ABS Group of Companies, Inc. in the sale by one of its subsidiaries, ABSG Consulting, Inc., of its technical inspection service line to Apave Group, an international inspection group.
  • Maxeon Solar Technologies completes public offering of $241.2 million of Ordinary Shares and concurrent private placement of $42 million of Ordinary SharesJones Day represented Maxeon Solar Technologies, Ltd., one of the world’s leading global manufacturers and marketers of premium solar power technology, in a public offering of 8,613,500 Ordinary Shares, consisting of 5,620,000 Ordinary Shares offered by Maxeon and 2,993,500 Ordinary Shares offered by an affiliate of TotalEnergies SE, one of Maxeon’s existing shareholders.
  • Stonepeak forms strategic logistics investment partnership with EqualbaseJones Day represented Stonepeak, a leading U.S.-based alternative investment firm specializing in infrastructure and real assets, in connection with the formation of a Pan-Asia logistics real estate platform in partnership with Equalbase, a development, project, and asset manager specializing in industrial real estate assets in Asia.
  • Riverside portfolio company UniFocus acquires KnowcrossJones Day advised The Riverside Company in the acquisition by portfolio company, UniFocus, of Knowcross, a global leader in task management and operational optimization software for the hospitality industry.
  • SAP forms strategic partnership with Dediq for financial services industriesJones Day advised SAP in the formation of SAP Fioneer, a joint venture with the Munich based investor DEDIQ GmbH whereby SAP contributed its Financial Services and Insurance Services business and DEDIQ will invest more than €500 million.
  • Cardinal Health sells its Cordis business to Hellman & Friedman for approximately $1 billionJones Day advised Cardinal Health in connection with the divestiture of its Cordis business to Hellman & Friedman for approximately $1 billion.
  • Global technology company conducts compliance analysis of global data security and privacy lawsJones Day advised a technology company regarding enhancing its compliance with statutory, regulatory, and contractual obligations related to data protection, cybersecurity, and privacy applicable to operations in the U.S., Mainland China, India, South America, and Europe.
  • Maxeon Solar Technologies completes public offering of $125 million of Ordinary Shares and concurrent private placement of $33.7 million of Ordinary SharesJones Day represented Maxeon Solar Technologies, Ltd., one of the world’s leading global manufacturers and marketers of premium solar power technology, in connection with its concurrent SEC registered public offering of $125 million of its Ordinary Shares and private placement of $33.7 million of its Ordinary Shares to an affiliate of Tianjin Zhonghuan Semiconductor, one of Maxeon’s existing largest shareholders.
  • OMERS invests in Converge Information and Communications Technology SolutionsJones Day advised OMERS, the pension plan for Ontario's municipal employees, in connection with its cornerstone investment in Converge Information and Communications Technology Solutions ("Converge"), the largest fibre broadband provider in the Philippines, as part of Converge's initial public offering on the Philippine Stock Exchange.
  • SunPower closes sponsored spin-off of solar panel production operationsJones Day advised SunPower Corporation (NASDAQ: SPWR), one of North America's largest solar-panel makers, in a sponsored spin-off of its solar panel production operations into a new public company – Maxeon Solar Technologies – which will be headquartered in Singapore.
  • Maxeon Solar Technologies completes offering of $200 million Green Convertible NotesJones Day represented Maxeon Solar Technologies, Ltd., then a wholly-owned subsidiary of SunPower Corporation, in connection with its Rule 144A offering of $200 million aggregate principal amount of 6.50% Green Convertible Senior Notes due 2025.
  • Payment systems company reviews data protection and privacy constraints in multiple countriesJones Day advised a payment systems company on the applicable legal and regulatory framework related to data protection and privacy applicable in Argentina, Mainland China, Colombia, India, Hong Kong and Singapore as well as constraints and obligations the client must comply with as data controller and processor.
  • Innogy enters Taiwan's offshore wind market through strategic partnership with Asia Cement CorporationJones Day advised Innogy SE in its strategic partnership with Asia Cement Corporation to continue the development of a major offshore wind project off the coast of Taiwan.
  • J.F. Lehman acquires Global Marine GroupJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in connection with the acquisition and related financing of Global Marine Group.
  • Cooper Tire and Sailun announce joint venture for new TBR tire plant in VietnamJones Day advised Cooper Tire & Rubber Company in its formation of a joint venture with Sailun (Vietnam) Co., Ltd. to build a manufacturing plant with the capacity to produce more than two million truck and bus radial (TBR) tires annually.
  • Greystar Asia Pacific forms Greystar China Multifamily Venture I LP with initial $450 million of commitmentsJones Day advised Greystar Asia Pacific Pte. Ltd. in connection with the formation of its first fund vehicle, Greystar China Multifamily Venture I LP, a Singapore-based fund that will acquire and develop multifamily real estate and real estate related assets in targeted cities in the Peoples Republic of China.
  • Huadong Medicine announces £169 million (US$222 million) takeover offer for and acquisition of Sinclair Pharma PlcJones Day advised Huadong Medicine Co. Ltd. ("HMC") and its subsidiary, Huadong Medicine Aesthetics Investment (HongKong) Limited ("Huadong"), on Huadong's takeover offer for and acquisition of Sinclair Pharma Plc with a total value of approximately £169 million (US$222 million).
  • Singapore Exchange invests in TrumidJones Day advised Singapore Exchange (SGX) in its acquisition of a minority stake in Trumid, a NYC-based financial technology company and electronic trading platform for corporate bonds.
  • The following represents experience acquired prior to joining Jones Day.

    Advised a U.S. manufacturing company on the Asian aspects of its proposed joint venture with and acquisition of the worldwide air conditioning manufacturing and sales operations of a Japanese corporation, including supervision of corporate and compliance diligence in China, Hong Kong, Malaysia, Taiwan, and Thailand.

    Advised a European aerospace company on the establishment of an aircraft maintenance joint venture in China.

    Advised a subsidiary of a Japanese technology company in connection with its participation in a public auction to acquire the equity interest of its minority state-owned joint venture partner in its manufacturing subsidiary in Shanghai.

    Advised a European utility on its proposed acquisition of a portfolio of independent and captive power projects in China, Pakistan, Thailand, the Philippines, and Korea, including management of the due diligence process and review of acquisition documents.

    Advised a French water company on the negotiation of a concession to develop a water storage and distribution network and water treatment facility in Tanggerang, Indonesia, to be partially financed through an Asian Development Bank loan.

    Advised a Chinese dairy company on its tender bid for the acquisition of a French yogurt and dairy business.

    Advised a European steel conglomerate on its investment in two new steel manufacturing joint ventures in China and on the management of the bidding and construction process.

    Advised a Japanese oil company on the due diligence and acquisition of the oil and gas assets of a U.S. oil company in Indonesia.

    Advised a German power company on the acquisition of a substantial minority interest in, and joint development arrangements for, a 500MW independent power project in India.

    Advised a leading European insurer in the tender sale of its Shanghai branch.

    Advised a U.S.-listed medical devices company in connection with the China and Hong Kong aspects of its US$500 million acquisition of a China-based medical devices business as part of a settlement of worldwide patent infringement litigation against the business, with distribution agreements in more than 100 countries.

    Advised a leading U.S.-based mobile media content developer on the acquisition of a Cayman Islands entity involved in licensing products and services to Chinese telecommunications services providers.

    • October 27, 2020
      HR Policy Webinar - International Views of Pay Equity Disclosures: How Much is Too Much, panelist
    • April 14, 2020
      Navigating Through the Pandemic - APAC
    • May 10-12, 2018
      Cybersecurity DD and Cyber Risks in M&A, 2018 Investment Arbitration & Trans-Pacific Transactions Conference
    • June 16, 2017
      Executive Roundtable: Cybersecurity, Privacy & Data Protection in Asia
    • September 14, 2016
      DD2.0 - Rebooting the Compliance Diligence Process
    • May 26, 2016
      An Introduction To The Fundamentals Of The Personal Data Protection Act (PDPA) For Non-Legal Personnel, Singapore Academy of Law WSQ Programme
    • May 17, 2016
      Regional Outsourcing at the Contingent Workforce Strategies (CWS) Summit
    • April 26, 2016
      Japan Chemical Industry Association Regional Meeting The Changing Face of Cross-Border Trade in ASEAN
    • January 26, 2016
      CLE Academy Shanghai 2016
    • October 27, 2015
      Data Protection in Asia-Pacific - A Practical Overview - The Conference Board Chief Legal Officers Council Meeting
    • March 2014
      Employment Law in China - A Comprehensive Overview of Chinese Employment Law, JSB Group Ltd.