Bio

David leads the Private Equity, Venture Capital and M&A team in Hong Kong as well as the office’s corporate restructuring, distressed debt and special situations practice specialising in Cayman law.

In the last twelve months alone David closed PE / VC / M&A transactions with an aggregate value in excess of $35 billion and represented leading US and Asian based sponsors and investors including MUFG, Itochu Corporation, SoftBank Group Corp., Celadon Partners, SoftBank Vision Fund and Ascendent Capital Partners.

David also has a leading creditor and debtor restructuring practice and has been instructed on many of the largest restructuring transactions during his time in Cayman, including as counsel to the ad hoc group of Creditors in Ocean Rig, the largest ever Cayman restructuring by way of scheme of arrangement, and for the Debtor in the restructuring of CHC Group Ltd.

David is a graduate of the University of Cambridge. He trained at Freshfields Bruckhaus Deringer before practising in London at Kirkland & Ellis and Sullivan & Cromwell.

AWARDS AND ACCOLADES

“2019 Mergers and Acquisitions Lawyer of the Year – Cayman Islands” – Lawyer Monthly

Most Trusted Corporate Restructuring Specialist – Cayman Islands” – CV Magazine 2019

Corporate Finance Lawyer of the Year – Cayman Islands” – Finance Monthly 2019

M&A Rising Star” – IFLR 1000 2017, 2018, 2019, 2020

Restructuring Rising Star” – IFLR 1000 2017, 2018, 2019, 2020

Deal of the Year” – China Business Law Journal 2018 for work on Sensetime’s Series C/C+ financing

REPRESENTATIVE DEALS:

PE / M&A

  • MUFG in connection with its US$706 million investment in Grab Holdings Inc.
  • Ascendent Capital Partners on its US$150 million investment in Best Assistant Education Online Limited
  • Celadon Partners on multiple M&A and financing transactions
  • Cornershop in connection with a US$500 million issuance and tender offer;
  • SoftBank Vision Fund in connection with an investment totaling US$1.5 billion in Chehaoduo, a leading Chinese customer-to-customer auto retail services company;
  • A Japanese investor in connection with a US$700 million investment in a tech company;
  • Itochu Corporation in connection with the structuring and establishment of a new investment fund with affiliates of CITIC Group Corporation;
  • China Automation Group on its privatization by way of a Cayman scheme of arrangement for HK$391,998,649.50 (about US$50.06 million);
  • A lead investor in connection with its investment in SenseTime’s Series C and Series C+ issuance;
  • China UnionPay in connection with its bid for Chinese tech assets; and
  • Elliott Management on the merger between Ocean Rid UDW Inc. and Transocean.

Restructuring

Creditor Representations

  • The Ad Hoc Group of Creditors of Ocean Rig UDW. Inc. on a financial restructuring by way of multiple Cayman Schemes of Arrangement to reduce the debt load by US$3.2bn;
  • The Official Committee of Unsecured Creditors on the Chapter 11 of Scottish Re;
  • The Ad Hoc Group of Creditors on the first restructuring of Hercules Offshore Inc. by way of US Chapter 11;
  • The Ad Hoc Group of Towergate Insurance Group senior secured creditors in connection with Towergate’s successful restructuring by way of Scheme of Arrangement; and
  • Senior high yield noteholders on the EUR 1.2bn restructuring of A.T.U Auto-Teile-Unger GmbH through an administration.

Debtor Representations

  • Pacific Drilling on its restructuring by way of US Chapter 11;
  • CHC Group Limited on its restructuring by way of US Chapter 11 and parallel Cayman process;
  • Whalsay Energy Limited on its debt restructuring and subsequent listing on the Cayman Stock Exchange;
  • Zim Integrated Shipping Services on the restructuring of its financing and capital markets financings, which was the largest restructuring in Israeli history; and
  • Eksportfinans ASA on its USD 23bn contingency plan and successfully resisting attempts by debt funds to trigger a global restructuring of the group.

Trustee Representations

  • Chapter 7 Trustee in connection with Scottish Re; and
  • Nordic Trustee AS in connection with multiple bond restructurings involving assets in Europe and Asia.

Education:

University of Cambridge (England)

Updates

11 Jun 2020 | News

Appleby strengthens and expands corporate team

Leading offshore law firm Appleby has announced the addition of two team members and a senior promot...

3 Mar 2020 | Deals

Appleby advises Mitsubishi UFJ Financial Group on its investment in Grab

Appleby acted as Cayman Islands counsel to MUFG on its USD706 million equity investment in ride-hail...

Contributors: Dean Bennett
18 Nov 2019 | News

Appleby announce number of high profile appointments to further strengthen its Asian offering

Corporate Partner Judy Lee, recognised as a top transactional lawyer in the Capital Markets sector, ...

Contributors: Judy Lee, David Bulley
15 Nov 2019 | Deals

Appleby advises China Automation Group on HKD 391,998,649 Scheme of Arrangement

Appleby represented China Automation Group (“CAG”) on a Cayman scheme of arrangement (“Scheme...

13 Nov 2019 | Deals

Appleby advises Ascendent Capital Partners on education-related investment

Appleby acted as Cayman Islands counsel to Ascendent Capital Partners (ACP) on its USD150 million in...

25 Feb 2019 | News

Appleby advises on several of China Business Law Journal’s ‘Deal of the Year’

The leading offshore law firm advised on two award winning transactions.

Contributors: David Bulley

Publications

Related People

Melissa Chiu

Counsel: Hong Kong, Shanghai

T +852 2905 5769
E Email Melissa

Calvin Lee

Associate: Hong Kong, Shanghai

T +852 2905 5713
E Email Calvin

Kaile Yang

Legal Manager: Hong Kong

T +852 2905 5711
E Email Kaile

Connie Wu

Legal Executive: Hong Kong

T +852 2905 5768
E Email Connie

Billy Li

Legal Executive: Hong Kong, Shanghai

T +852 2905 5729
E Email Billy

Jonathan Lee

Legal Manager: Hong Kong, Shanghai

T +852 2905 5712
E Email Jonathan

Eason Huang

Legal Manager: Hong Kong, Shanghai

T +852 2905 5757
E Email Eason

Minnie Choi

Legal Manager: Hong Kong, Shanghai

T +852 2905 5771
E Email Minnie

Cissy Chan

Legal Executive: Hong Kong, Shanghai

T +852 2905 5754
E Email Cissy

Robert Sit

Senior Associate: Hong Kong, Shanghai

T +852 2905 5739
E Email Robert