Mark Reed > Stephenson Harwood > Hong Kong, Hong Kong > Lawyer Profile

Stephenson Harwood
18/F, UNITED CENTRE
95 QUEENSWAY
HONG KONG
Hong Kong

Work Department

Finance

Position

Partner

Career

Focusing on the financial services sector, Mark structures drives financing transactions and advises on regulatory, commercial, insolvency and employment issues. His technical strength, hands-on approach and 30+ years in Hong Kong enable him to get the results his clients want. Mark heads the Hong Kong office’s finance group.

With a wide-ranging commercial law background developed in London and Hong Kong, Mark specialises in providing general banking, finance, insolvency, employment and financial services regulatory compliance advice.

His clients range from financial services providers such as banks, brokers, financial advisers, asset managers and fintech providers, to financial services users such as borrowers, investors and issuers as well as insolvency practitioners. He is known to be technically strong in English and Hong Kong laws but focused on results: “Mark Reed is extremely knowledgeable and helpful and has a commercial approach” (Asia Pacific Legal 500 2015).

Mark is also well known for his regulatory licensing and compliance advice and has helped establish many businesses in Hong Kong, overcoming regulatory problems. He is described as having over three decades of experience in handling regulatory compliance matters (Chambers Asia Pacific 2020) and leading the non-contentious side of the Hong Kong office’s regulatory team with “excellent knowledge of the banking and financial sectors” (Asia Pacific Legal 500 2019). Mark is also ranked in the 2020 IFLR 1000 as a highly regarded individual for Hong Kong financial services regulatory.

He has experience of most types of finance transactions and is one of the few Hong Kong lawyers having trade and commodity finance expertise. In addition, Mark has worked on many high profile insolvent restructurings in London and Hong Kong, including acting on successful restructurings for Sky TV in the UK and Wah Kwong Shipping Group, and TSL Jewellery and Winsway in Hong Kong. He is said to be “really good on the non-contentious side” (Chambers Asia Pacific 2018) and “he puts structures together that hold up even in very difficult circumstances” (Chambers Asia Pacific 2016).

Languages

English

Lawyer Rankings

Hong Kong > Banking and finance

Stephenson Harwood is well-regarded for supply chain finance arrangements and the development of standard factoring and security documents. It is also experienced in asset finance, structured finance, fintech, investment products and secured and unsecured lending. Head of practice Mark Reed handles general banking, finance, insolvency and regulatory advice. King-Tak Fung specialises in international trade law. Stephanie Wong left for Eversheds Sutherland.

Hong Kong > Regulatory

At Stephenson Harwood, Ian Childs heads up the contentious side of the practice, while Mark Reed leads on the non-contentious side. Fintech mandates are a core strength for the team, which also handles licensing, compliance, and financial regulatory matters. Katherine Liu is ‘efficient and authoritative‘. Associate Conrad Lam is ‘able to explain complex issues in a logical concise way‘.

China > Banking and finance: foreign firms

Stephenson Harwood‘s Hong Kong-based banking and finance team is ‘highly practical and diligent, and offers clients cost-efficient solutions‘. It stands out for its trade finance expertise; its other specialisms cover asset finance (including shipping and aviation finance), structured finance, fintech, investment products, and secured and unsecured lending. Mark Reed heads the non-contentious side of both the finance group and the regulatory practice; and former trade finance head at Bank of America, King-Tak Fung, specialises in banking and international trade law and practice. In 2020, the firm experienced both the closure of its Beijing office and the departure in Hong Kong of Stephanie Wong to Eversheds Sutherland.

China > Fintech: foreign firms

Stephenson Harwood has extensive experience in advising fintech sector clients on the application of new technologies to finance, such as the digitalisation of money lending, P2P lending, banking, investment and payment services, as well as the creation of financial technology ecosystems that combine payment, personal finance and remittance functions. Its experience also extends to advising sponsors on their collaboration with start-up companies. With over three decades of experience, Hong Kong-based finance practice head Mark Reed specialises in advising fintech companies on general banking, finance, insolvency, employment, and financial services regulatory compliance advice; and regulatory team partner Katherine Liu‘s practice recently involved assisting fintech startups and established financial institutions with establishing their online businesses. In 2020, the firm closed its Beijing office.