Simpson Thacher & Bartlett, a prominent law firm, has announced the appointment of Daniel Margulies as its first dedicated restructuring and special situations partner based in Asia. Margulies brings extensive experience in financial restructuring, insolvency matters, distressed asset sales, and cross-border financings. His clientele includes debtors, creditors, private equity, and hedge fund clients, focusing on corporate defaults and restructurings.
Concurrent with this development, Dechert has shuttered its offices in Hong Kong and Beijing. These strategic moves highlight significant shifts within the legal landscape in Asia, as firms adapt to evolving market conditions.
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