Jonathan Leitch

Jonathan Leitch

Partner
Hong Kong

Email [email protected]​hoganlovells.com

Phone +852 2840 5990

Fax +852 2219 0222

LanguagesEnglish

Practice groupCorporate & Finance

A "good strategist who really knows his cross-border stuff.”

Chambers Asia-Pacific 2020

Jonathan Leitch is a restructuring partner in our Hong Kong office.

Jonathan specialises in restructuring and special situations. He has wide-ranging experience in acting for all types of stakeholders in the restructuring and insolvency of financially challenged companies. He acts for a range of financial institutions, credit investors, insolvency office holders, turnaround specialists, hedge funds, private equity firms and corporations.

Jonathan has advised on transactions throughout the Asia Pacific region, principally Hong Kong, PRC and Singapore, and also Australia, Indonesia, Malaysia, Thailand and increasingly India.

Jonathan is frequently involved in cross-border matters and has experience in bond defaults (English and New York law governed) and corporate restructuring involving schemes of arrangement, as well as distressed debt sales and non-performing loan portfolio sales. He regularly advises clients on all aspects of financial restructurings, including wind-down and solvent liquidations, debt rescheduling, loan-to-own distressed investment strategies and debt-for-equity swaps, together with enforcement options and formal insolvency proceedings.

He has been involved with the restructuring of companies in a variety of sectors, including retail, property, shipping and transportation, manufacturing, energy, mining, technology, and agriculture.

Awards and recognitions

2018-22

Restructuring & Insolvency (Hong Kong), Recommended practitioner
Who's Who Legal

2017-21

Restructuring/Insolvency: China (International Firms), Leading individuals
Chambers Asia Pacific

2016-21

Leading Lawyer - Highly regarded in Hong Kong SAR
IFLR1000

2016-21

Restructuring and insolvency, Leading individuals
Legal 500 Asia Pacific

2020

500 Leading Global Restructuring & Insolvency Lawyers
Lawdragon

Education and admissions

Education

LLM LPC, Nottingham Law School, 1998

LLB (Hons) Law, Nottingham Trent University, 1996

Memberships

International Insolvency Institute

INSOL

HKICPA Restructuring and Insolvency Faculty

Bar admissions and qualifications

Hong Kong

Solicitor, England and Wales

Representative experience

Advising Argentem Creek Partners on ongoing restructuring of US$500m notes issued by GCL New Energy Holdings Ltd, a HK listed company and one of the leading solar power operating companies in China.

Advising Argentem Creek Partners in the restructuring of the US$200m notes issued by Knight Castle Investments Limited, a subsidiary of the Shandong Sanxing group and a leading corn oil manufacturer in China. 

Advising Hyflux in connection with the ongoing restructuring of the Singapore water company.

Advising Madison Pacific as lender agent in the ongoing restructuring of China Fishery Group.

Advising the Official Unsecured Creditors Committee of SpeedCast in connection with its US Chapter 11 proceedings.

Advising Borrelli Walsh as the liquidators of China Metal, on the winding up of China Metal by the SFC on public interest grounds under s.212 of the SFO.

Advising Oaktree on its subscription for up to US$1 billion of private secured notes in a subsidiary of Vedanta Resources. 

Advising Oaktree on a US$100m+ million convertible term loan to be made available to a subsidiary of a leading conglomerate in India with operations, ranging from construction to financial services.

Advising Oaktree on its bid to acquire a lenders’ US$500+m stake in a mezzanine loan made by a syndicate of lenders to a Shenzhen-listed, global new energy materials company, with lithium at its core.  

Advising SC Lowy HK in the establishment of SC Lowy’s second special investments fund to invest in special investment opportunities in Asia (primarily Korea, India, Indonesia and Australia). 

Advising two Korean investors on their options to enforce security over the shares of a HK listed energy business with mines in PRC & Indonesia, a palm oil plant in Malaysia, a biodiesel plant in US and a power station in India.

Advising a prospective bidder on their proposal for a recapitalization of the Virgin Australia business. 

Advised a significant holder of  the US$400m bonds issued by Luckin Coffee Inc. following the admission of fraudulent accounting. 

Advising a Malaysian bank in relation to its US$500m+ exposure to Genting Hong Kong group. 

Advising a HK bank on their exposure under a secured syndicated facility to Universal Terminals Pte Ltd as a result of its parent company, Hin Leong Trading, being placed under judicial management. 

Advising a syndicate of lenders, comprising Indian banks and funds in relation to a restructuring of a US$470m facility granted to a Singapore subsidiary of a large Indian conglomerate.

Advising a US emerging market credit fund in relation to the restructuring of US$ high yield bond holdings in various PRC businesses.

Advised various lenders and credit funds on the restructuring of Pacific Andes / China Fisheries Group involving proceedings in Bermuda, BVI, Cayman Islands, France, Germany, HK, Peru, Singapore and the U.S. aggregate borrowings in excess of US$1.6bn.*

Advised a bondholder in relation to its exposures to China Energy Reserve and Chemicals Group.*

Advised an asset manager in relation to exposures to Shanghai Huaxin Group (Hong Kong) Limited, a subsidiary of CEFC.*

*Matter handled prior to joining Hogan Lovells.

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