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Eversheds Sutherland

21/F, GLOUCESTER TOWER, THE LANDMARK, 15 QUEEN'S ROAD, CENTRAL HONG KONG
Tel:
Work +852 2186 3200
Fax:
Fax +852 2186 3201
Email:
Web:
www.eversheds-sutherland.com

Kingsley Ong

Tel:
Work +852 2186 3239
Email:
Eversheds Sutherland

Work Department

Kingsley Ong is a Partner specialising in all types of Financing and Debt Restructuring. He leads the firm’s DCM, Derivatives, Structured Finance, Securitisation, Restructuring and Insolvency practices in Asia.

Kingsley is a Hong Kong Notary Public, a Hong Kong Solicitor, a Barrister and Solicitor-Advocate of England & Wales, and an Advocate & Solicitor of Singapore.

Kingsley is also an Adjunct Associate Professor at the Law Faculty of The University of Hong Kong. His published opinions have been cited as legal authority in the US Court (Lehman Brothers Special Finance vs Bank of New York, 2010), the Hong Kong Standing Committee on Company Law Reform, the Financial Stability Board (FSB), and leading textbooks.

Independent legal directories have consistently recommended Kingsley as a Leading Lawyer for Derivatives, Restructuring & Insolvency, Structured Finance, Securitisation. He is the only lawyer in Asia ranked in all these categories:

  • “Kingsley Ong of Eversheds … stands out in particular in relation to his expertise in derivatives and structured finance, where he works with Chinese and international banks.” – Chambers (2016)
  • “Clients point to Kingsley Ong’s Chinese language skills and clear communication ability as being a major strength.” – Chambers (2016)
  • “Kingsley Ong is able to offer beyond what we expect from an ordinary insolvency lawyer – he always thinks a few steps ahead and presents real solutions.” – Chambers (2015)
  • “Extremely knowledgeable... first port of call for transactions involving complex securities and financial instruments.” – Legal 500 (2013)
  • “[Kingsley] Ong has top-tier finance capability.” – Legal 500 (2012)
  • “Kingsley is a trusted advisor… It’s critical that his insight is embedded in our team.” – IFLR 1000 (2012)
  • “Very unique and rare expertise.” – Legal 500 (2012)
  • “Well-liked by our entire team, mainly for his strong level of knowledge, commercial sense and responsiveness.” – Chambers (2013)
  • “[Kingsley] Ong’s clients, both longstanding and new, have praised his ability to handle the most sophisticated transactions on the market.” – IFLR 1000 (2013)

Kingsley has acted on behalf of arrangers, borrowers, collateral managers, enhancement providers, finance leasing companies, investors, issuers, lenders, liquidators, liquidity providers, originators, rating agencies, servicers, sponsors, swap counterparties, trustees, and underwriters.

His recent award winning transactions include:

  • DBS Covered Bond Programme (2015): winner of 3 industry awards “IFLR Securitisation Deal of the Year”; “IFR Asia-Pacific Securitisation Deal of the Year”; “Asian-Mena Counsel Securitisation Deal of the Year”
  • BMW Financial Services ABS (2013): winner of the “IFLR Securitisation Deal of the Year”
  • New World China Land (2012): the largest corporate “dim sum” bond issuance in history
  • Silver Oak CMBS (2011): winner of the “IFR Asia-Pacific Securitisation Deal of the Year”

Kingsley also leads the firm’s work for three of the “largest and most high-profile insolvencies of recent times, namely Lehman Brothers, MF Global and Dewey & LeBoeuf LLP” (Legal 500, 2014).

Under his stewardship:

  • Eversheds is shortlisted as a finalist for the award of “Insolvency and Restructuring Law Firm of the Year 2016” by Asian Legal Business (ALB)
  • “[Eversheds] advised on over 80% of all rated securitisation transactions in Asia across jurisdictions such as Hong Kong, India, Korea and Singapore.” – IFLR 1000 (2015)
  • Eversheds’ Derivatives practice became recognised as among Asia’s top 5 at the GlobalCapital Derivatives Week magazine’s “Asia-Pacific Law Firm of the Year 2014” Award.
  • Eversheds won the “China Business Law Journal Award 2014” for Restructuring and Insolvency.
  • Eversheds was named as “one of the leading international law firms for India work” in 2016 by India Business Law Journal.

Kingsley has published widely on the subject at leading refereed academic journals (including ICLQ, HKLJ, CMLJ, INSOL World). His recent articles include:

  • “The influence of public law on the development of China Securitisation” (2015) Capital Markets Law Journal.
  • “From ISDA to NAFMII: Insolvency Stalemate and PRC Bankruptcy Jurisprudence”, (2013) Capital Markets Law Journal.
  • “Repos & Securities Lending: The Accounting Arbitrage and its Role in the Global Financial Crisis”, (2011) Capital Markets Law Journal.
  • “The ISDA Master Agreement: Insolvency Stalemate and Endgame Solutions for Hong Kong Liquidators”, (2010) Hong Kong Law Journal.

He is also a contributing author to Sweet & Mawell’s The Hong Kong Companies Ordinance (Cap. 622): Commentary & Annotations (1st and 2nd Editions, 2014 and 2015).

Kingsley also serves as the Secretary-General of APSA (www.apsa-asia.com), a Fellow of The Chinese University of Hong Kong, an Editorial Board Member of Lexis Nexis, and a Member of the Hong Kong Law Society’s Islamic Finance Working Group. He is a regular speaker at conferences, seminars and trainings.

 

The Legal 500     
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Position

Partner

Languages

English and Chinese (Mandarin, Cantonese, Hokkien and Teochew)


Hong Kong

Restructuring and insolvency

Within: Restructuring and insolvency

Aided by an increasingly global international footprint, Eversheds Sutherland is gaining market recognition for its ability to advise creditors and debtors on complex multi-jurisdictional insolvency/restructuring mandates. Led by the 'excellent' Kingsley Ong, and aided by associate Eleanor Lau, the Hong Kong office is coordinating (across four continents) the firm's representation of leading US guitar firm Gibson on the planning and execution of its insolvency strategy following the breakdown of negotiations with its major creditors. Ong is also recognised as an 'expert in the unwinding of complex financial instruments', a skill which is of particular value in relation to his ongoing representation of KPMG, as Hong Kong liquidators of derivatives brokerage MF Global and investment bank Lehman Brothers on their respective high-profile and long-running insolvencies.

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Structured finance and securitisation

Within: Structured finance and securitisation

Eversheds Sutherland has a strong reputation among arrangers, issuers and investors in the Asian market across a range of structured finance and securitisation transactions. Team head Kingsley Ong recently acted for Hong Kong Capital Finance as arranger on a high-value Hong Kong mortgage securitisation warehouse transaction with Korean bondholders. Ong's expertise on the front end of deals has also seen him develop a market-leading reputation for unwinding securitisations, derivatives and complex structured products; he continues to advise KPMG as Hong Kong liquidator of derivatives brokerage MF Global and investment bank Lehman Brothers on their respective high-profile and long-running insolvencies. Other clients include China Merchants Securities, Axis Bank, CTI Capital and China Minsheng Bank. Associate Polly Chiu is another name to note.

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