Dechert recently hired restructuring lawyer Daniel Margulies to launch the law firm’s financial restructuring practice in Hong Kong.
Dechert’s co-chair of global financial restructuring practice in London, Adam Plainer, said that Margulies would expand the firm’s restructuring capabilities in Asia and globally, one of the firm’s strategic growth priorities.
“Hong Kong remains the third-largest financial centre in the world behind New York and London, and is the largest in Asia by some margin,” Plainer told Asia Business Law Journal. “Accordingly, Daniel and I were of the view that we should launch the Asia practice in Hong Kong and pursue work across the region from Hong Kong.”
“Asia has always been a very important region for Dechert, and with Daniel’s arrival, we are well set to capture the growth in restructurings there.”
Margulies joined from Kirkland & Ellis, where he was a partner for four years in Hong Kong. He has experience in financial restructuring and insolvency matters, distressed asset sales as well as cross-border and special situation financings.