Fiona Chan

E [email protected]
T +852 2905 5760

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Bio

Fiona Chan is a partner in the corporate department of Appleby’s Hong Kong office, leading the Banking and Finance practice in the Hong Kong office as well as Appleby’s Technology & Innovation Group in Asia. Fiona has over 20 years of offshore and onshore experience in the Asian market and advises on the laws of Bermuda, British Virgin Islands and Cayman Islands.

Her broad offshore law practice spans banking and finance transactions including acquisition, leveraged and project financing, privatisation financing, shipping and aircraft financing, structured products, fund financing, crypto/digital financing, non-contentious insurances, bond issuance and restructuring of corporates and financial institutions. Fiona is routinely instructed by major international and Asian financial institutions, listed and private companies, securities providers and leading law firms.

Fiona is the editor of the firm’s quarterly publication Appleby Asia Alert which provides offshore legal and regulatory updates to Asian clients. She regularly speaks at international conferences and offers seminars and training to various organisations. Her expertise is frequently sought by industry and legal journals and publications.

She sits on the firm’s global Diversity, Inclusion and Belonging Committee and leads the Women’s Leadership Network in Hong Kong. She is also a committee member of the InsurTech Committee of the FinTech Association of Hong Kong, Women in Law Hong Kong and Greater Bay Area Young Talents Association.

Fiona’s recent awards and recognition include:

  • 2019 – 2022 Next Generation Partners Legal 500 Asia Pacific Guide
  • 2018 – 2021 Rising Star IFLR 1000
  • 2017 – 2021 Offshore Client Choice List Asian Legal Business
  • 2020 Lawyer of the year for Offshore Women in Business Law Awards

Fiona is fluent in English, Mandarin and Cantonese.

EXPERTISE:

Some of Fiona’s recent cases include:

  • acted as Cayman counsel to Citibank N.A. Hong Kong Branch in relation to an over USD100m receivables-backed securitisation facility to Qupital Limited in the first e-commerce merchant financing securitisation in Asia to merchants on online platforms
  • acted as BVI counsel to Citigroup Global Markets Asia Limited in connection with the sale of 26.02% interest in HK-listed Sun Art Retail Group Limited, one of China’s largest supermarket retailers, by Kofu International Limited and Concord Greater China Limited, held by Taiwan-listed Ruentex Group, to Taobao China Holding Limited, a subsidiary of Alibaba Group
  • acted as Bermuda counsel to DBS Bank Ltd. in a HKD3.5 billion acquisition facility for the privatisation of Haier Electronics by Haier Smart Home by way of the scheme of arrangement under section 99 of Companies Act of Bermuda, under which new H shares of Haier Smart Home were offered in exchange for the shares held by Haier Electronics. The transaction was the largest H-share privatisation in the home appliance industry and of a Chinese company, and the largest H-share listing by introduction
  • acted as Bermuda counsel to China Development Bank Corporation Dalian Branch in a USD26 million facility to CNG Glass (Nigeria) Fze. (incorporated in Ogun Guangdong Free Trade Zone of Nigeria and a subsidiary of China Glass Holdings Limited) for the purpose of financing the construction of a glass production facility in Nigeria as part of its strategy of investing and developing the African markets
  • acted as BVI counsel to AngelHub, Hong Kong’s first SFC licensed equity crowdfunding plat form for professional investors and global technology start-ups, on a series of financing into the group, together with related corporate, trust, technology and general legal and regulatory assessment
  • acted as Bermuda and Cayman counsel to the largest Norwegian financial services group in its global ship finance and vessel acquisition deals, including a USD240 million loan facilities for the acquisition of ten vessels and a USD700 million facility for the collateral arrangements for change of ownership of vessels

Education:

  • University of Oxford (England)
  • College of Law, London (England)

Updates

18 May 2021 | News

Hong Kong Partner Fiona Chan and Counsel Vincent Chan continue to be named in the Asian Legal Business Offshore Client Choice List 2021

It is Fiona’s fifth year in a row to be recognised, and Vincent’s second year to be named

Contributors: Vincent Chan
1 Apr 2021

Appleby’s Hong Kong Female Leaders Network hosts gender equality fireside event

On Thursday 25 March our Hong Kong office hosted a gender equality fireside chat in celebration of I...

5 Feb 2021 | Deals

Appleby acts as BVI counsel to Pacific Aegis Capital Management on its HKD330 million structured loan financing

Appleby acts as BVI counsel to Pacific Aegis Capital Management on its HKD330 million structured loa...

11 Dec 2020 | News

Appleby Hong Kong Partner Fiona Chan named as “Lawyer of the year for Offshore” at the Women in Business Law Awards 2020

Fiona Chan, has been recognised as “Lawyer of the Year for Offshore” at the Women in Business La...

4 Dec 2020 | News

Partner Fiona Chan to speak at the Hong Kong virtual roadshow hosted by Finance Isle of Man

Fiona Chan, a partner in the corporate department of Appleby’s Hong Kong office will be speaking o...

5 Nov 2020 | News

Appleby Sponsors FFA Virtual Global Symposium

Appleby is proud to be a platinum sponsor of the Global Fund Finance Association (FFA) Symposium for...

Contributors: Fiona Chan
23 Oct 2020 | News

Appleby Hong Kong office shortlisted in four categories at the Asian Legal Business Hong Kong Law Awards 2020

Appleby Hong Kong office shortlisted in four categories at the Asian Legal Business Hong Kong Law Aw...

Contributors: Fiona Chan

Publications

27 Sep 2022

Can We Eventually Agree on Whether and How to Take Security over Digital Assets?

Innovative technology in China has made a spurt of progress in recent years.

27 Sep 2022

Updates on Bermuda Economic Substance Requirements

The Bermuda Registrar of Companies (ROC) extended the filing deadline for those entities which earne...

28 Apr 2022

Assignment, novation or sub-participation of loans             

Transfers of loan portfolios between lending institutions have always been commonplace in the financ...

24 Nov 2021

Hong Kong Harbours Long-Term ILS Ambitions

The launch of Hong Kong’s first catastrophe bond signals the start of a new era for Asia’s insur...

21 Jun 2021

Economic Substance Q2 2021

Since our last quarterly update, important developments have occurred with respect to the applicabil...

24 Mar 2021

Economic Substance update Q1 2021

Economic Substance update Q1 2021

14 Dec 2020

Technology & Innovation Update Q4 2020

Technology & Innovation Update Q4 2020

Contributors: Peter Colegate
14 Dec 2020

Economic Substance update Q4 2020

Economic Substance update Q4 2020

1 Dec 2020

Reflections from the Virtual Fund Finance Symposium

The Fund Finance Association’s Virtual Symposium took place from 16th to 20th November. Attendees ...

Contributors: Fiona Chan

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