Peter Ch’ng
Partner
Peter Ch’ng is Partner in the Hong Kong office of Conyers. He joined Conyers in 2001 and was a Director in the Bermuda office prior to relocating to Conyers’ Hong Kong office in 2017. His corporate practice is wide ranging with special focus on insurance and reinsurance, private client and trust.
Peter is a multi-disciplinary lawyer with over 25 years of professional experience in general corporate and commercial matters across multiple jurisdictions.. His offshore law practice spans across private client & trust, mergers and acquisitions, insurance and reinsurance, licensing and formations launches including ILS structures, investment funds, segregated portfolios company (SPC) and segregated accounts company (SAC), private equity partnership formations, structured finance, special purpose vehicles and ownership-remote structures including charities, debt and equity offerings, IPOs and private placements, banking and financial services including financial derivatives, credit and security.
Peter also leads Conyers’ Private Client & Trust Asia practice from the Hong Kong office. In that role, he focuses on Greater China and Asia-based clientele and the establishment and administration of offshore family and commercial trusts, specializing in non-contentious advisory work for commercial and private wealth structuring purposes. He is experienced in advising high net-worth individuals, business owners, investors, corporates and charitable entities on trusts and estate planning work, including succession planning, family and pre-IPO planning, asset protection, family business succession and governance as well as setting up employee benefit trusts and other bankruptcy-remote structures.
Peter plays a leading role in the firm’s Financial Derivatives practice in Bermuda, the BVI and Cayman in providing netting and collateral enforceability opinions to leading banks and industry organizations such as International Swaps and Derivatives Association (ISDA), International Capital Markets Association (ICMA), International Securities Lending Association (ISLA) and the Securities Industry Financial Markets Association (SIFMA). Peter counts many global banks and financial institutions, Canadian public pension funds and US-based global private equity fund managers amongst his long-standing clients.
Peter is uniquely positioned in Asia to serve insurance/ reinsurance market in Asia to provide offshore insurance/ re-insurance legal advice to Asia-based sponsors, including the licensing and formation of Bermuda, Cayman Islands and BVI insurance/ reinsurance companies. He acts as Bermuda and BVI legal counsel and provides legal and regulatory advice to the Bermuda and BVI licensed insurers operating in Greater China area.
He had also served as a director on the boards of software technology and consumer goods companies based in Bermuda.
Peter is consistently recognised by independent legal directories including Legal 500 for his work in corporate and commercial and insurance/reinsurance. Conyers insurance practice won the “Insurance & Reinsurance” China Business Law Awards by China Business Law Journal.
Peter is admitted to the Bar Associations and the Law Societies in BVI, Bermuda, United Kingdom, New York and Singapore.
Conyers’ Bermuda and Cayman Islands Private Client & Trust practices have been recognized in Chambers & Partners’ High Net Worth Guide 2019, with Band 1 and Band 2 rankings respectively.
Jurisdictions
Experience
- Acted as special legal counsel in the British Virgin Islands and Bermuda to Beijing Tongchuangjiuding Investment Management Group Co., Ltd (“JD Group”) and FTLife Insurance Company Limited (“FTLife”) in connection with the sale of all of the issued shares in FTLife to New World Development Group.
- Acted for International Swaps and Derivatives Association (ISDA), International Capital Markets Association (ICMA), International Securities Lending Association (ISLA) and the Securities Industry Financial Markets Association (SIFMA) in preparing industry core validity and enforceability, collateral and netting opinions for Bermuda.
- Acted for a leading French bank in the conversion of its Bermuda reinsurance captive to a segregated accounts company (SAC) and advising on the transformation of OTC collateralized macro-longevity swap trades with global life insurers into reinsurance utilizing segregated accounts platform in Bermuda.
- Advised China Qidian Guofeng Holdings Limited, BBI Life Science Corporation, ImmuneOnco Biopharmaceuticals (Shanghai) Inc. Haidilao International Holdings Ltd., JY Grandmark Holdings Limited, China Hongguang Holdings Limited, Meten EdtechX Education Group Ltd., Chanhigh Holdings Limited, Sunac China Holdings Limited and founders on the establishment of BVI employee benefit trust and pre-IPO family trust and trustees services.
Expertise
- Asia Private Client & Trust
- Asian Investment Funds
- Aviation
- Bermuda Investment Funds
- British Virgin Islands Investment Funds
- Cayman Islands Investment Funds
- Corporate
- Family Office
- Finance
- Insurance & Reinsurance
- Investment Funds
- Mergers & Acquisitions
- Private Client & Trust
- Private Equity & Venture Capital
- Regulatory & Compliance
- Structured Finance & Securitization
- Trust Services
Qualifications
Professional Background
- Vice President/Legal Counsel, The Citigroup Private Bank, Asia-Pacific Division, Singapore
- Senior Associate, Drew & Napier
- Associate, Allen & Gledhill
Education
- Manchester Business School, University of Manchester, Postgraduate Diploma, Business Administration (Wealth Management), UK, 2009
- National University of Singapore, LLB (Hons), 1993
Bar Admissions
- Eastern Caribbean Supreme Court (British Virgin Islands), Solicitor, 2017
- Bermuda, Barrister & Attorney, 2003
- New York, Attorney and Counselor at Law, 2001 (not currently practising)
- England & Wales, Solicitor, 1997 (not currently practising)
- Singapore, Advocate & Solicitor, 1994 (not currently practising)
Awards & Accolades
- Won the Insurance & Reinsurance Category, China Business Law Awards, by China Business Law Journal 2020
- Recognised in the 2018 edition (and since 2015) of Legal 500 Caribbean (corporate and commercial)
- Recognised in the 2017 edition (and 2014) of Legal 500 Caribbean (insurance/reinsurance)
- Cited as a legal expert in Bermuda segregated accounts companies by Trading Risk, a leading insurance-linked (ILS) industry publication
Languages
- English
- Mandarin