Appleby's Hong Kong office has been named second in the recent league table of the "Top Asia-related SPAC Legal Advisers of 2020-21 – Offshore Firms" by Asia Business Law Journal.
Appleby's Hong Kong SPAC team is led by David Bulley, global co-head of SPACs and Head of Asia Private Equity, M&A and Corporate Restructuring. As an expert in SPACs, David has been able to deliver his expertise to clients in Asia and handle in excess of USD1 billion of Asia sponsored SPACs in 2021 and is currently working on in excess of USD1.5 billion of publicly filed but ongoing Asia Sponsored SPACs as well as in excess of USD2.5 billion of de-SPAC transactions. Recent SPAC IPOs include Silver Crest Acquisition Corporation, Artisan Acquisition Corp., Gobi Acquisition Corp. and Black Spade Acquisition Co..
David commented "I am delighted to see Appleby recognised for its work on Asia Sponsored SPACs, which is a reflection of the fantastic cross-jurisdictional team we have built in this area, and we look forward to continuing to deliver our SPAC expertise to Appleby's Asia Pacific client base. In the coming months we expect to see more Asia Sponsored SPACs IPO on the NYSE and Nasdaq and are already seeing significant interest from clients in the proposed Hong Kong SPAC regime."
The league table reflects the top legal advisers on SPAC IPOs completed between 1 July 2020 and 30 June 2021. It also includes legal advisers to issuers and underwriters, as well as offshore legal advisers.