Appleby maintains a strong reputation in Hong Kong for its expertise across high-value transactional and contentious work. The firm is particularly active on M&A, including SPAC transactions, and has a standout restructuring and insolvency practice, regularly advising on major PRC real estate debt restructurings. Investment funds, dispute resolution, and private client work also feature prominently. Co-chair David Bulley is highly regarded for private equity M&A and restructuring, while fellow co-chair Eliot Simpson is a key figure in disputes. Fiona Chan leads the banking and finance team, noted for her expertise in complex restructuring and acquisition finance, and Judy Lee is a go-to for equity and debt capital markets mandates. The team strengthened its disputes, restructuring and investment funds offerings with the hire of John McCarroll, who joined from Harney Westwood & Riegels (BVI) LP, counsel Charles Wong, who joined from Harneys in June 2025, and Freya Xu, who joined from Mourant in November 2024, respectively.
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Work Department
Corporate | Banking and Finance
Position

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, 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.

Career

Fiona has been widely recognised by her clients as well as legal directories, such as "Highly Regarded" and "Women Leaders" (2023) and “Rising Star” (2018 – 2022) by IFLR 1000 and “Leading Individuals” (2023) as well as “Next Generation Partners” (2019 – 2022) by Legal 500 Asia Pacific Guide. Legal 500 described her as “client-oriented”. She was also selected as one of the region’s 10 most notable offshore lawyers of the Asian Legal Business’ Offshore Client Choice List 5 years in a row from 2017-2021.

She was named as “Lawyer of the year for Offshore” at the Women in Business Law Awards 2020 and shortlisted as Women Lawyer of the Year by Asian Legal Business in 2019 and 2020.  She was also selected as one of the 2017 Influential Women in Re/Insurance by Intelligent Insurer and recognised in Legal 500 Asia Pacific (Offshore).

She is also the editor of the firm’s quarterly publication Appleby Asia Alert.

Languages

Fiona is fluent in English, Mandarin and Cantonese.

Memberships
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.
Education

University of Oxford, England

College of Law, London (England)

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Testimonials

Collated independently by Legal 500 research team.

  • ‘Capable, efficient and attuned with the market. Responsible and capable of meeting strenuous client demands. ’

  • ‘Lorinda Peasland - very experienced and knowledgeable. Calm under pressure. Charles Wong - up-and-coming rising star. ’

  • ‘The team at Appleby are very good at what they do. They are super attentive, proactive and able to distil the legal issues and provide very concise and commercial solutions for clients. ’

  • ‘Vincent Chan is an excellent asset to have on any offshore transaction. Very fluent in English and Mandarin, Vincent brings with him a tremendous understanding of offshore laws that makes it very easy to work with him.' 

  • 'Regarding the strengths of their practice, I believe the team's comprehensive quality and diverse capabilities are a significant advantage. Many of the team members I've worked with possess a deep understanding of at least one business sector.'
  • ‘An outstanding partner I've worked with is Eason Huang, a partner at Appleby in Hong Kong. I'm incredibly satisfied with the service quality of Eason and his team.' 

  • ‘Great team. They deliver the work on time and with quality. Commercial and friendly.’

  • ‘Fiona Chan and Judy Lee are my key contacts. Fiona Chan is my go-to person for finance work. Judy Lee is my go-to person for corporate work. They are very familiar with what clients expect and deliver solid work. I consider them to be the pillars of Appleby, Hong Kong.’

Key clients

  • Hotel 101 Global Pte Ltd
  • Ascendent Capital Partners
  • Zhongliang Holdings Group
  • China Everbright Greentech Limited
  • CIMC Enric Holdings Limited
  • China Everbright Water Limited
  • J-STAR Co., Ltd.
  • Ascendent Capital Partners
  • Allied Group
  • Cloud Light Technology Limited
  • Hailan Holdings Limited

Work highlights

Advised Ascendent Capital Partners for the USD1.6 billion acquisition of Hollysys Automation Technologies.
Advised Zhongliang Holdings Group Company Limited on the USD1.2 billion restructuring of its offshore debt by way of a Hong Kong scheme of arrangement.
Advised J-STAR on the closure of the J-STAR Continuation Series Funds.