Philip Gilligan > Deacons > Hong Kong, Hong Kong > Lawyer Profile

Hong Kong

Work Department

Finance and Insolvency practice group


Partner, head of Finance and Insolvency practice group


Finance: Represents lenders and borrowers in secured and unsecured syndicated and single bank loan facilities in various countries in Asia, as well as shareholder financings, security arrangements, structured trade, commodities finance, asset finance, acquisition finance, securitisation and derivatives.

Finance Regulatory: Licensing, revocation and cancellation of licences, and ongoing compliance requirements for banks, money lenders, money brokers, commodities traders and foreign exchange traders in Hong Kong. Advising on electronic transactions, payment systems, stored value facilities and virtual banks. Advising on financing and insolvency/bankruptcy related aspects of gaming. Preparing and reviewing standard forms and advising on related legal issues (including preparing and reviewing account opening terms and conditions and ancillary documents, loan, guarantee and security documentation, equipment financing documentation and factoring documentation).

Restructuring and Insolvency: Represents liquidators, trustees, creditors and debtors in upstream and downstream restructuring, bankruptcy and insolvency in Hong Kong, China and regionally, as well as debt trading and non-performing loan transactions, with particular experience in distressed banks and commodities companies/transactions, and acts as liquidator in members’ voluntary liquidations.

Projects and Infrastructure: Represents sponsors and lenders on the commercial and financing aspects of projects in various sectors (such as water, power, petrochemicals and industrial plant) throughout Asia (particularly Hong Kong, China and Indonesia) and globally.




Asia Pacific Loan Market Association

Restructuring and Insolvency Faculty of Hong Kong Institute of Certified Public Accountants

INSOL International


B.A. and M.A., Trinity College, Cambridge, 1986 and 1990, First Class Honours each year

LL.M., Trinity College, Cambridge, 1987, First Class Honours, First in Class

Lawyer Rankings

Hong Kong > Banking and finance

Independent local firm Deacons is noted for its experience in financing transactions, banking regulations, anti-money laundering, cryptocurrencies, online lending platforms, Fintech, and insolvency and restructuring matters. Philip Gilligan now heads the finance and insolvency department after Simon Deane stepped down into a consultancy role. Gilligan acts for lenders and borrowers on syndicated and single bank facilities across Asia. Lam Wing Wo retired.