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22 September 2008 – JSM has further bolstered its capabilities in restructuring, bankruptcy and insolvency in Asia with the relocation of John Marsden to Hong Kong.  John will co-head the firm's highly regarded Restructuring, Bankruptcy and Insolvency practice in Asia.

John Marsden specialises in corporate restructuring and has advised on large scale and complex restructurings and insolvency cases including Moulin Group, Forefront International and the Asia Pulp and Paper.  He was also the lead partner for the divestment by Bank of China (Hong Kong) of a US$2 billion portfolio of non-performing loans. All of these featured multi-jurisdictional elements.   John has been based in JSM's Shanghai office for three years assisting clients on a wide range of corporate and commercial matters.  His experience and knowledge of the China market will add further strength to the group especially during times when cross-border insolvency cases are on the rise.

Ian Chapman will remain as Senior Consultant and continue to play a dominant role in the practice.  He will work closely with John to further develop the Restructuring, Bankruptcy and Insolvency practice in Asia.

"JSM has a long established restructuring, bankruptcy and insolvency practice in Hong Kong, China and Asia and it has seen sustained growth over the past 20 years," said Elaine Lo, Chairman of Asia Board and Senior Partner of JSM. "We are seeing a growing client demand and John's relocation to Hong Kong will help us further build on the success of the current practice. This well established practice is now headed by two of the most experienced restructuring and insolvency lawyers in the region and will definitely place the firm in a prime position to compete in the market.

The practice comprises highly respected lawyers with extensive experience in handling some of the most complex and challenging restructuring cases in the region. This includes the two largest collapses in Hong Kong and the largest and longest-running debt restructuring case in Thailand.

John Marsden commented, "In addition to cross-border insolvency cases, we also foresee a rise of distressed debt specialists and failed brokerages and funds, along with the re-emergence of fraud and financial irregularity as issues. At JSM we offer a combined litigation and forensic investigation skill set which is one of the key strengths we have.  I am excited to take up a leading role and I'm very much looking forward to the challenges."

For more information, please contact:

Jennifer Milford
Director, Business Development and Marketing, Asia
+852 2843 4443
Teresa Tam
Assistant Manager, Media and Communications
+852 2843 4550