Recognised as a "Rising Star" in Hong Kong litigation by the Legal 500 (2024), Peter has a focus on insolvency and banking disputes.
Peter's practice covers the entire spectrum of commercial litigation. He serves clients of all backgrounds: from financial institutions, funds, professional firms to ultra-high-net-worth individuals. The core of Peter's practice is financial-sector litigation, often in a cross-border context, e.g. mis-selling claims, claims against IPO sponsors, credit/security enforcement, trade financing disputes and fraud claims.
Peter has significant expertise in insolvency litigation, in particular defending banks in claims commenced by liquidators. He advises liquidators, receivers, as well as creditors and debtors involved in debt restructurings. Peter also advises on family and trust disputes, acting for beneficiaries and estates, and boardroom disputes.
In 2019-20, Peter spent six months on secondment to the APAC & MENA Litigation and Investigations team at Credit Suisse, where he handled regulatory requests, led internal investigations and managed civil litigation across various Asia Pacific jurisdictions, working with internal stakeholders and external counsel.
Background
Peter was admitted as a solicitor in Hong Kong in 2015. Prior to that, he trained with Herbert Smith Freehills and was seconded to the firm's Beijing and London offices. Peter read law at the University of Hong Kong.
Peter speaks fluent English, Cantonese and Mandarin.
Accolades
"Peter Ng also comes highly regarded, especially in insolvency-related litigation." – The Legal 500 Asia Pacific 2024 (Litigation, Hong Kong)
"Peter Ng demonstrates solid legal knowledge in insolvency practice, gives prudent but practical advice." – The Legal 500 Asia Pacific 2023 (Restructuring and Insolvency, Hong Kong)
"…Peter Ng from the litigation team [was] able to advise us seamlessly through a contentious issue and successfully resolved our matter with a positive result." – The Legal 500 Asia Pacific 2023 (Regulatory)"
" Peter Ng is also noted for his expertise in a range of commercial disputes. " – The Legal 500 Asia Pacific 2023 (Litigation: foreign firms in China)
Peter is named a "Rising Star" in Hong Kong litigation by the Legal 500 (2024), and has been recommended as a "key lawyer" in these areas:
• Litigation, Hong Kong (2023, 2024)
• Litigation: Foreign Firms, China (2023)
• Restructuring and Insolvency, Hong Kong (2021-2023)
• Private Client (Tax, Trusts, Wealth Management and Contentious Probate) (2021)
Experience & expertise
Selected matters
- successfully defending DBS in a US$185-million action brought by the liquidators of a former customer, Galleria (Hong Kong) Limited, for knowing receipt, dishonest assistance and fraudulent trading. Peter acted for DBS throughout, from the pre-action stage to a successfully 15-day trial in the Hong Kong Court of First of Instance, and successfully defended the bank in the ensuing appeals in the Court of Appeal
- defending UBS in High Court proceedings commenced by the liquidators of China Metal Recycling (Holdings) Limited in relation to UBS’s role as a sponsor of CMR’s IPO
- advising and providing strategic assistance to an ultra-high-net-wealth Chinese investor in the dismissal and staying of liquidations of BVI and Cayman shareholding companies of a Chinese coffeehouse chain, and in resisting applications brought by the liquidators for sanction of a pre-existing agreement to sell the equity in the coffeehouse chain
- advising/acting for members of the prominent Lo Family on Hong Kong High Court proceedings relating to the family trust
- defending a few leading Chinese and Swiss private banks against allegations of unauthorised trading and mis-selling
- defending a major Chinese state-owned retail bank in a claim commenced by a customer in relation to a letter of no consent (LNC) issued by the Hong Kong Police. This is believed to be one of the first claims commenced by a customer against a bank in the wake of the Hong Kong Court of First Instance's judgement in Tam Sze Leung & Ors v Commissioner of Police [2021] HKCFI 3118
- advising a leading Chinese state-owned financial services company in relation to pre-action and strategic advice on shareholder's rights and the share redemption process arising out of its pre-IPO investment of US$50 million into a fibre network platform company based in Southeast Asia, the company's failure to enter a qualified IPO, and its rights and obligations under a proposed SPAC-listing
- advising various major Chinese banks (both stated-owned and privately-owned) on creditor rights, enforcement and insolvency matters
- advising SpeedCast on the Hong Kong aspects of their high-profile cross-border restructuring and recapitalisation
- advising the liquidators of Lehman Brothers Asia entities for a significant reduction in the various fees payable to the Hong Kong Official Receiver, in particular the ad valorem fees (which valued in the HK$billions in a liquidation of this scale). We conducted an in-depth analysis to formulate compelling arguments that were instrumental in securing a satisfactory outcome to our client
- advising mental health committees appointed under Part II of the Mental Health Ordinance, including acting in contested statutory will proceedings in the Hong Kong High Court
Sectors
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