Walkers expands insolvency and restructuring team with the addition of leading practitioner Tom Pugh

Walkers is pleased to announce the addition of cross-border insolvency and restructuring specialist, Tom Pugh as a Partner to its Hong Kong office.

Tom joins Walkers from global law firm Mayer Brown where he was a Partner in their Restructuring and Insolvency practice for approaching eight years. Tom is well recognised in the industry and brings with him a wealth of experience from 14 years in Hong Kong, including working on a variety of large-scale cross-border liquidations and restructurings such as Lehman Brothers and MF Global (acting for the Hong Kong liquidators), Asia-related Chapter 11 cases such as Pacific Andes/China Fishery and TMT and most recently advising the steering committee representing the interests of more than 30 bank lenders and credit support providers/ECAs in connection with the Hong Kong-listed Genting's USD3.5 billion debt restructuring, as well as cross-jurisdictional recognition cases such as Z-Obee, Changang and Huiyuan Juice involving interplay among the courts of Hong Kong and Bermuda/the Cayman Islands.

His practice focuses on advising insolvency practitioners, creditors and debtors in respect of cross-border insolvencies and restructurings, with experience in consensual workouts; court-led restructurings; and enforcement / strategic investment advisory reviews. Tom is recognised by Chambers, Legal 500 and IFLR1000 as a top practitioner.

Hong Kong Managing Partner Andy Randall says: "We are delighted to have Tom join Walkers. He is a very talented lawyer who has real credibility in the market having worked on some of the biggest and most complex cross-border insolvency and restructuring matters in Asia. Tom will further strengthen the Asia bench joining leading partners, Joanne Collett, Callum McNeil and Stuart D'Addona in Hong Kong and Robert Foote in Singapore, working with the firm's global restructuring team."

Tom Pugh adds, "I have known and worked with Walkers and its formidable team of lawyers for many years and I am excited to be joining this growing practice and to be working with colleagues across the firm's offices globally. The cross-jurisdictional challenges arising from application of onshore and offshore law in cross-border structures is becoming increasingly complex and clients will benefit from a team that has a depth of experience across a wide spectrum and an understanding of the available insolvency and restructuring options."

Walkers Insolvency, Restructuring and Disputes Resolution team in Asia has secured significant wins for its clients in recent months including the long running dispute concerning Lunan Pharmaceutical Group Limited in the BVI courts with issues involving complex cross-border commercial disputes concerning PRC assets. Walkers also advised on Luckin Coffee's debt recovery, KrisEnergy's debt restructuring, and the liquidation of Phoenix Commodities.

HONG KONG
Andy RandallManaging PartnerT +852 2596 3305andy.randall@walkersglobal.com