Dechert has launched its financial restructuring practice in Asia with the hire of Daniel Margulies as a partner based in Hong Kong from Kirkland & Ellis.
Margulies insolvency matters, advises on insolvency, distressed asset sales as well as cross-border and special situation financings.
With the hire of Margulies, Dechert now has eight partners based in its Hong Kong office.
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U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions.
Global law firm Dentons has expanded its M&A and capital markets capabilities in Hong Kong after hiring corporate lawyer Stephen Chan as a partner from Dechert.
Mark Mangan, formerly the head of international arbitration for Asia at Dechert, has left the firm to join New Zealand disputes boutique Lindsay & Francis. The firm will henceforth be called Lindsay Francis & Mangan.