Dechert launches financial restructuring practice in Asia

19 October 2021 2 min. read
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International law firm Dechert has launched a financial restructuring practice in Asia.

Led out of Hong Kong, Dechert’s new financial and legal advisory wing will help clients with cross-border restructuring and insolvency matters, and deal structuring. The US-headquartered law firm has been active in the space for decades, and over the years bagged several accolades for the quality its services and capabilities.

Commenting on the expansion into Asia, Dechert’s co-chair of the financial restructuring practice Adam Plainer said, “Growing our restructuring footprint in Asia and globally is one of the firm’s strategic growth priorities.” Asia co-managing partner David Cho added, “This enabling us to further enhance our client offerings in this important region.”

Dechert launches financial restructuring practice in Asia

In the financial restructuring scene, law firms work in tandem with consulting firms and restructuring boutiques to provide an integrated offering to clients – typically debtors, creditors, private equity, distressed companies and hedge funds. Dechert provides a broad offering, specialising in most major types of in-court and out-of-court restructuring matters.

In Asia, new joiner and partner Daniel Margulies has now been tasked with building the practice’s local operation and track record. Margulies brings extensive experience in financial restructuring and insolvency matters, distressed asset sales as well as cross-border and special situation financings to the firm. 

Over the past fifteen years, he served as a senior member at a number of financial restructuring practices in Asia, and held “significant roles on some of the largest and most complex corporate defaults and restructurings” in the region. 

“Daniel is a highly talented lawyer with an outstanding reputation, and he brings enormous valuable experience that will contribute significantly to our team,” remarked Plainer. 

Globally, Dechert has 22 offices around the world. Its largest financial restructuring practices are based in the United States and United Kingdom.