Daniel Margulies focuses on both restructuring and special situations matters. He has deep experience advising debtor, creditor, financial institution, private equity and hedge fund clients across Asia on cross-border restructuring and insolvency matters. His practice also includes representing sponsors on investments in special situations involving stressed or distressed companies.
Read Full Biography...
Work Highlights
Notable experience prior to joining Simpson Thacher includes advising:
- An ad hoc committee of holders of the US$200 million 7.99% senior notes due 2021 issued by Knight Castle Investments Limited, a wholly owned subsidiary of Shandong Sanxing Group Company Limited, in respect of its scheme of arrangement.
- Yestar Healthcare Holdings Company Limited, a leading distributor and service provider of in vitro diagnostic products in the PRC, on its successful restructuring of its New York law governed US$200 million senior notes through a scheme of arrangement in the Cayman Islands.
- An ad hoc committee of holders of the US$175 million 9.5% Senior Secured Notes due 2022 issued by Pearl Holding III Limited in respect of the group liquidation and sale of the group’s assets.
- HNA Group International & CWT International Limited in connection with the restructuring of their offshore group debts.
- Noble Group Limited in connection with a cross-border restructuring of over US$3 billion of its indebtedness.
- Certain offshore creditors of PT Bumi Resources Tbk. in connection with a restructuring of its US$4.5 billion indebtedness through Indonesian suspension of payments proceedings, subsequent exchange offer and chapter 15 proceedings.
- Asia Pulp & Paper Company Ltd. in connection with its restructuring of approximately US$14 billion in group debts, at the time the largest Asian restructuring to date.
Accolades
-
Legal500 Asia Pacific, “Next Generation Partner” for Hong Kong restructuring and insolvency matters, 2023
-
IFLR1000 “Highly Regarded” in Banking and Finance, 2023
-
Legal500 Asia Pacific Banking and Finance, 2023
Education
-
College of Law, London, LL.B Hons
-
University of Bristol, England, B.A. Hons.
Admissions
-
Hong Kong
-
England and Wales
Daniel Margulies is a Partner in Simpson Thacher’s Hong Kong office, focusing on restructuring and special situations matters. He has deep experience advising debtor, creditor, financial institution, private equity and hedge fund clients across Asia on cross-border restructuring and insolvency matters. His practice also includes representing sponsors on investments in special situations involving stressed or distressed companies. Daniel has been recognized as a “Next Generation Partner” for Hong Kong restructuring and insolvency matters by Legal500 Asia Pacific and IFLR1000 and for banking and finance matters by Legal500 Asia Pacific.
Notable experience prior to joining Simpson Thacher includes advising:
- An ad hoc committee of holders of the US$200 million 7.99% senior notes due 2021 issued by Knight Castle Investments Limited, a wholly owned subsidiary of Shandong Sanxing Group Company Limited, in respect of its scheme of arrangement.
- Yestar Healthcare Holdings Company Limited, a leading distributor and service provider of in vitro diagnostic products in the PRC, on its successful restructuring of its New York law governed US$200 million senior notes through a scheme of arrangement in the Cayman Islands.
- An ad hoc committee of holders of the US$175 million 9.5% Senior Secured Notes due 2022 issued by Pearl Holding III Limited in respect of the group liquidation and sale of the group’s assets.
- HNA Group International & CWT International Limited in connection with the restructuring of their offshore group debts.
- Noble Group Limited in connection with a cross-border restructuring of over US$3 billion of its indebtedness.
- Certain offshore creditors of PT Bumi Resources Tbk. in connection with a restructuring of its US$4.5 billion indebtedness through Indonesian suspension of payments proceedings, subsequent exchange offer and chapter 15 proceedings.
- Asia Pulp & Paper Company Ltd. in connection with its restructuring of approximately US$14 billion in group debts, at the time the largest Asian restructuring to date.
A thought leader in the space, Daniel has written numerous articles including recently:
- “NY markets under attack or relief for sovereign issuers?” (IFLR, August 10, 2023);
- “Report on Bond Restructuring” (Singapore Academy of Law, Law Reform Committee, March 2023);
- “Sri Lanka debt restructuring woes: no end in sight” (IFLR, November 16, 2022);
- “Sri Lanka debt restructuring woes no end in sight” (International Financial Law Review, Winter 2022 edition ); and
- “Worse Things Happen at Sea? - Genting Hong Kong Limited” (INSOL World—the quarterly journal of INSOL International, Q2 2022 edition ).
He is also a sought-after speaker for major forums and events on this topic, which recently included:
- “Emerging Markets: Latest Restructuring Trends” (2023 Dechert Distressed Investing Forum, Dechert LLP, New York, NY; November 1, 2023);
- “Managing complexities in Asian Credit” (2023 Debtwire Asia Pacific Forum, Hong Kong; October 10, 2023);
- “Enter the Dragon: Recent Updates from Asia” (2022 Dechert Distressed Investing Forum, Dechert LLP, New York, NY; October 27, 2022); and
- “Asia and offshore – The future of Asian offshore restructuring” (INSOL International Annual Regional Conference Technical Programme, Singapore; April 3, 2019)
Daniel received his LL.B. from College of Law, London and his B.A. from University of Bristol. He is admitted to practice in Hong Kong and England and Wales.