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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+852 2905 5737
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Profile

Profile

Work Department
Corporate
Position

Judy Lee is a partner in the Corporate department of Appleby’s Hong Kong office. Judy practises a wide range of Bermuda, Cayman and BVI corporate law, specialising in corporate finance and investment funds. She is responsible for our corporate administration and fiduciary services business Appleby Global Services.

Judy has over 25 years of offshore and onshore experience in listings on the Hong Kong Stock Exchange and the Singapore Stock Exchange as well as mergers and acquisitions, private equity investments and other corporate finance transactions. Judy leads Hong Kong Capital Markets team which is recognised as one of the offshore market leaders for their specialist IPO and listing work advice in Hong Kong as well as overseas. Under her leadership, the team was able to complete consistently more than 50 listings on the Hong Kong stock exchange in 2018, representing close to 40% of the market share. In addition, she has extensive experience in the structuring and setting up of Cayman investment funds in Asia. She also advises on Bermuda and Cayman court-sanctioned shareholders privatisation schemes of arrangement.

Career

Judy is the three-time winner for the ´Best in Offshore´ individual award at Euromoney Legal Media Group’s Asia Women in Business Law Awards 2013, 2018 and 2019 (as well as nominated as a finalist from 2013 to 2016), the ´Offshore Investment Funds Lawyer of the Year in Hong Kong Award´ at the Corporate INTL Magazine Global Awards 2014 and 2017 and the ´Women in Law Award´ at Lawyer Monthly’s Legal Awards 2016. She was nominated as a finalist for the ´Dealmaker of the Year Award´ from 2014 to 2016 and the ´Woman Lawyer of the Year Award´ in 2016 at the Asian Legal Business Hong Kong Law Awards. She has also been recognised for the third year in a row in the fourth edition of IFLR1000 Women Leaders list 2021 and is the only offshore lawyer in the Asia-Pacific region to be included. These serve as excellent endorsements to Judy’s capability and highlight her outstanding achievements in corporate and investment funds laws. Most recently, Judy has been recognised as ‘Leading Individuals’ in the Legal 500 Asia Pacific 2020 Rankings. She was acknowledged for her ’very commercial and efficient’ style as a leader in the office and remains as one of the market leaders in relation to offshore listings on the Hong Kong Stock Exchange. Clients commented that “Judy Lee is a very safe pair of hands and provides a high standard of work”.

Judy has been repeatedly recognised by the legal directories as one of Asia’s leading lawyers. Clients commented on Judy with “a strong corporate finance, capital markets and investment funds practice” and described her as “very hands on; sound technical knowledge and attention to details”. They noted Judy as one who “keeps her advice practical and focused, and is a pleasure to deal with” and “a very pragmatic, insightful and efficient lawyer” who offers “great commercial understanding and excellent client service”. She was singled out as one of the notable mentions in the Asian Legal Business´ Offshore Client Choice 2017 and 2018 for her strong track record for corporate and investment funds laws. She was lauded as “Judy has been exceptionally brilliant. I have nothing but good things to say about her. In the region her team provides coverage that you don´t get from other firms.” She is consistently ranked as an offshore leading individual by IFLR 1000, Legal 500 and Chambers Asia-Pacific from 2012 to 2021, with client´s commenting her “strong technical background and attention to detail”. In 2018, she has also been recognised as one of China’s Elite Top 50 Lawyers (Foreign Firms) by China Business Law Journal.

Languages
Judy speaks fluent English, Cantonese and Mandarin.
Memberships
Judy is registered with the Bermuda Bar and as a foreign lawyer in Hong Kong and is admitted as a solicitor in the British Virgin Islands. She is a member of the Law Societies of England & Wales and Hong Kong.
Education

University of Hong Kong

Content supplied by Appleby

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.