18th floor, United Centre
People's Republic of China
T: +852 2533 2888
‘extremely helpful and knowledgeable’ and ‘has a commercial approach’
Legal 500 Asia Pacific 2015
Mark heads the finance and regulatory compliance groups of Stephenson Harwood in Greater China.
From a wide-ranging commercial law background, he specializes in providing general banking, finance, insolvency, employment and financial services regulatory compliance advice to financial services providers (including banks brokers and fund managers) and financial services users (including borrowers, investors and issuers) and also to insolvency practitioners. He handles transactions involving secured and unsecured lending; asset, trade and structured finance; and finance asset sales and bank mergers. He also works on the structuring, issue and marketing of debt, equity and derivative products; and contractual debt restructurings and insolvencies.
Mark has been recognised as a leading lawyer by both Chambers Asia and Asia Pacific Legal 500 for many years and is currently ranked by the China section of the 2014 Chambers Asia in the three areas of banking and finance, financial services regulatory and restructuring/insolvency. Clients have commented to Chambers Asia that he is “a hugely responsive and attentive lawyer who possesses excellent knowledge of the Hong Kong regulatory regime". In the 2014 Asia Pacific Legal 500, Mark is described as “a Hong Kong stalwart” for banking and finance, doing a “superb job” on regulatory work and a “name to note” on restructuring/insolvency work.
Receiving a BA (1st), Jurisprudence from Oxford University in 1978, Mark joined Stephenson Harwood London in 1979. Mark became a partner in 1988 and has worked extensively in both locations. He is now based in Hong Kong and has worked there for over 25 years.
Mark concentrates on the financial services sector, advising not only financial and investment institutions and intermediaries but also their customers on the borrower, issuer or investor side. As a result of servicing his clients' needs in many areas, Mark's experience allows him to advise such clients not only on their core financial services activities, such as financial and investment services and products, but also on regulatory, compliance, employment, insolvency and corporate law issues. Clients include major US, European and Hong Kong banks, such as Wells Fargo, JP Morgan Chase, Lloyds Bank, Société Générale and HSBC, and several international and local brokers and fund managers.
Having worked through several economic downturns in the UK and Hong Kong, Mark has applied his commercial, finance and insolvency expertise to good use in many insolvency-driven debt and corporate restructurings, including those involving Wah Kwong Shipping in the 1980s, BskyB in the 1990s, TSL Jewellery in the 2000s and Hong Kong Petrochemical in the current decade.
Mark is perhaps now best-known in Hong Kong for his regulatory advice to financial and investment institutions and intermediaries, such as banks, brokers and fund managers.
This advice covers all the important HK regulatory regimes and supports financial services businesses starting with their initial set-up and authorisation and continuing through their operation and compliance. Clients in this practice area include Wells Fargo Bank, Newedge and several recent start-up businesses.
Mark is one of the few lawyers in Hong Kong having extensive trade finance experience, ranging from the documenting of trade finance facilities to the structuring and documenting of innovative trade finance products.
His work covers L/C business and UCP advice, secured and unsecured credit facilities, receivables and commodity finance and cross-border security issues.
Clients in this practice area include Wells Fargo Bank, JP Morgan Chase Bank, HSBC and China Development Bank.
Having advised so many financial and investment institutions on set-up, expansion and downsizing programmes, Mark has developed extensive employment law expertise and regularly advises financial services sector clients in this area.
Insolvency and restructuring
- Employment and pensions
- Regulatory compliance
- Restructuring and insolvency
- Ship and offshore finance