Head of China Desk (Australia)
Head of China Desk (Australia)
David is head of China Desk in Australia. He advises lenders, sponsors and corporate borrowers on a wide range of financing transactions including acquisition financing, pre-IPO financing, real estate financing, impact financing, general syndicated and bilateral lending, restructuring and non-performing loans, with a special focus on PRC related transactions.
He regularly presents to clients and moderates panels on topics relating to cross-border transactions involving PRC elements and the Belt & Road Initiative and is regularly interviewed and quoted by Bloomberg, Thomson Reuters, International Financial Review, Asian Business Law Journal, to name a few.
David is qualified in Hong Kong, English and PRC laws. He speaks fluent English, Cantonese and Mandarin.
David is recognised as a Notable Practitioner, Banking & Finance (Band 3) by Chambers Asia Pacific, Chambers Global 2019, Leading Lawyer (Banking - Hong Kong) by IFLR1000 2019, Highly Regarded Lawyer (Banking & Finance) by Legal500 2019.
“David Lam is sought after for leveraged acquisition and take-private financing. A pleased client relates: "David is our trusted adviser. He is an expert on PRC cross-border financing transactions and is my go-to lawyer for questions in this area. In addition to the legal issues, he understands commercial issues and is able to provide all necessary support." - Chambers Asia Pacific / Chambers Global 2019
“Also recommended is David Lam, who has been a leading name in the Hong Kong office's support of the Belt and Road Initiative (BRI), and is an active participant in its partnership with the Infrastructure Financing Facilitation Office of the Hong Kong Monetary Authority. Lam's experience of BRI-related financing deals spans countries such as Vietnam, Cambodia and Sri Lanka, among others. Beyond BRI-related transactions, one of Lam's recent highlights involved advising Haitong International Securities on the provision of €38m bridge finance to support the Gangtai Group's acquisition of Buccellati.” - Legal 500 2019 Asia Pacific
“He is very user-friendly and knowledgeable on Hong Kong and PRC laws.” – Chambers Asia Pacific, 2018
“Singled out for particular praise in the team is David Lam, who was the lead adviser to China Molybdenum Company (CMOC) as the borrower on the English, Hong Kong and PRC law aspects of the $1.59bn syndicated financing for its $2.65bn acquisition of the Fungurume mine in the Democratic Republic of Congo from Freeport-McMoRan.” – Legal500 Asia Pacific 2018
“David is client-oriented and responsive. He has excellent subject matter knowledge, especially with respect to cross border matters. He has good language capability, high quality legal advice and is also good value for money.” – IFLR1000 2018
“David has good PRC knowledge, is friendly and helpful and creative.” – IFLR1000 2018
“David Lam focuses on cross-border deals, including real estate, pre-IPO and syndicated lending, as well as the financing of go-private transactions. He is praised by interviewees, who say he "has a very authoritative voice and manages transactions very well.” - Chambers Asia Pacific 2017
The “thorough, very knowledgeable and very practical” David Lam is an “authority on onshore/offshore financing transactions.”- Legal500 Asia Pacific 2017
"David is our go-to guy for cross border China financing work. He understands the PRC market well. He is one of the very few common law finance lawyers with PRC legal qualifications. He is well aware of the concerns of offshore players doing business in China and is able to pinpoint the material risks and provide practical solutions. I like working with him as he has the ability to cut the legal clichés and push a deal forward in a commercial manner. David is fluent in English, Mandarin and Cantonese making him very well placed in assisting us in negotiating and executing cross border China transactions.""David, who is gaining more and more attention in the market, constantly provides commercially practical, timely and thoughtful solutions. He has great expertise and is particularly responsive, willing to talk and extremely helpful no matter how significant or trivial the matter is.""David Lam is an efficient lawyer, technically sound and always able to meet deadlines (or manage client expectations otherwise). He offers practical legal advice that fits in with commercial intent." – IFLR1000 2016
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News & insights
Publications: 27 JANUARY 2020
Updated Equator Principles with stronger standards and a broader scope were finalized in November 2019 and are set to come into effect in July 2020.Read more
Publications: 20 JANUARY 2020
The Monetary Authority of Singapore (MAS) has issued three new consultations each dealing with different aspects of the regulation of digital payment tokens (DPTs) under the Payment Services Act (PSA). It has also recently clarified that where a DPT may be characterized as either a debenture or as e-money, its policy approach will be to regulate it as e-money. Note that the PSA will come into force on 28 January 2020.Read more
Publications: 20 JANUARY 2020
In a recent case, the High Court had to consider whether to apply a moratorium to the enforcement of a share charge taken over the shares in a Singapore company where that company was subject to insolvency proceedings in the United States. It held that it had no basis to do so under section 259 of the Companies Act which renders void a transfer of shares in company made after the commencement of a winding up by the Singapore Court as that section did not apply to a foreign proceedings.Read more
News: 15 JANUARY 2020
Allen & Overy has advised the lead arrangers and administrative agent on the USD1.045 billion syndicated financing for the acquisition of WCG Clinical by Leonard Green & Partners, L.P. and Novo Holdings A/S.Read more