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David Bulley — Managing Partner, Hong Kong, Shanghai and Shenzhen · Appleby · Shanghai, China.
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About
David is the Managing Partner of the Hong Kong and Shanghai offices of Appleby, a leading offshore law firm, and the Head of Corporate and Restructuring in Asia. With over 14 years of experience in the legal industry, he is a trusted advisor to clients on complex and high-value transactions, mergers and acquisitions, and restructurings across multiple jurisdictions.
As a CFA Level 1 holder and a recognized restructuring and M&A specialist, David has a deep understanding of the financial and strategic aspects of his practice areas, as well as the regulatory and market dynamics in the offshore jurisdictions.
David’s advice is regularly sought on all aspects of offshore debt restructurings by both debtors and creditors. Dominant in the market for advising China real estate developers on offshore aspects, David advises on liability management and offshore restructuring options. David is currently leading the Appleby teams acting for six China real estate developers, previously advised on all offshore aspects of the successful restructuring of China Fortune Land Development Co., Ltd. and led the Appleby team which created new Cayman precedent by obtaining the dismissal of a winding-up petition brought against Shinsun Holdings Group Co, Ltd. by ultimate account holders of NY law governed notes, with such precedent recently having been referred to and followed by the Courts in Hong Kong.
In the last four years David has successfully led and completed M&A transactions with an aggregate value in excess of USD 135 billion, being named "Cayman Islands Mergers & Acquisitions Lawyer of the Year" in each of these years, and has advised on numerous landmark and precedent-setting mandates involving US and Hong Kong listed companies, creditors, and debtors.
David is recognised as: - "Leading Individual" by Legal 500 for Restructuring and Mergers and Acquisitions; - "Highly Regarded" by IFLR1000
Amongst other awards, David has been named as: - "Merger and Acquisitions Lawyer of the Year - Cayman Islands" in 2019, 2020, 2021 and 2022 - "Corporate Finance Lawyer of the Year - Cayman Islands" in 2019, 2021 and 2023 - "Most Trusted Corporate Restructuring Specialist" in 2019
David has also been shortlisted for “Dealmaker of the Year” at the upcoming ALB Hong Kong Legal Awards 2023 - the only offshore lawyer shortlisted for this category, with Appleby shortlisted for “Offshore Law Firm of the Year”
Experience
Asia Managing Partner and Head of Corporate and RestructuringCurrent
Appleby · Shanghai, China
Jan 2022 – Present
Associate
Sullivan & Cromwell LLP · London, United Kingdom
Aug 2013 – Jul 2015
Associate at Sullivan & Cromwell LLP in London sitting across the banking and restructuring teams and specialising in cross-border restructurings and leveraged buyouts with a particular focus on sponsor led leveraged financings. Key clients include: Goldman Sachs (PIA / MBD), Apollo Global Management, J.C. Flowers, Crescent Capital Recent deals include: TDF - Advising a consortium comprising APG Asset Management N.V., Arcus Infrastructure Partners LLP, Brookfield Infrastructure Group and Public Sector Pension Investment Board on the acquisition of TDF. ZF Friedrichshafen AG - Advising ZF Friedrichshafen AG on the €12.5 billion financing of its acquisition of TRW Automotive Holdings Corp. Towergate Insurance Group - Advising the ad hoc committee of Towergate Insurance Group senior secured creditors in connection with Towergate's successful restructuring. A.T.U Auto Teile Unger - Representing Babson Capital and Goldman Sachs Investment Partners on the financial restructuring of ATU Group implemented by way of an English law pre-packed administration sale. The transaction reduced A.T.U’s debt by over €500 million. Dong Energy: Representing funds managed by Goldman Sachs on the acquisition of a 19% stake in state-owned utility firm Dong Energy for a total of DKK 8bn. Call Credit: Representing Crescent Capital Group LP on the provision of a Mezzanine Facility to GTCR as part of the acquisition financing for GTCR's acquisition of the Call Credit Group.
Education
Skills
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