Linklaters has hired a Hong Kong-based partner to lead its restructuring and insolvency practice in Asia.
David Kidd, previously a partner at Allen & Overy, will join Linklaters on October 1.
Kidd said in an interview that Linklaters was seeking to expand its insolvency capability in Asia as a number of economies in the region begin to slow down.
“China seems to be going through a deceleration phase that will create issues for lenders and borrowers alike,” he said, pointing to the likelihood of an increase in nonperforming loans in the country. He also pointed to Korea, Indonesia, Singapore, and India as slowing markets.
The New Zealand-born Kidd left Allen & Overy, where he had been a partner since 2002, last October and has been practicing independently in Hong Kong.
He began his career in London in 1984 at the firm now known as CMS Cameron McKenna, becoming a partner in 1990. He relocated to that firm’s Hong Kong office in 1998.