David Milligan

Norton Rose Fulbright Hong Kong

Hong Kong SAR
Hong Kong SAR
T:+852 3405 2338
Hong Kong SAR
Hong Kong SAR
T:+852 3405 2338
David Milligan

David Milligan


Related services and key industries


David Milligan is a banking and finance lawyer based in Hong Kong and heads the firm's LIBOR/IBOR practice in Asia.

He advises lenders and borrowers on a wide range of complex cross-border financings, with a particular focus on acquisition finance, ECA finance, corporate lending, structured trade finance and FinTech.

David has wide-ranging financing experience across Asia Pacific, including Hong Kong, China, Australia, Indonesia, Vietnam, Thailand, Malaysia, Sri Lanka, India and Bangladesh, since his move to Hong Kong in 2011. Having spent the first six years of his career in our London office, he also has in-depth knowledge of the London market and remains up to date with UK legal and regulatory developments.

David sits on the documentation committee of the Asia Pacific Loan Market Association.

Professional experience

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1999-2003: Durham University - LLB (European Legal Studies)

2001-2002: Université de Rouen - French law

2003-2004: Nottingham Law School - Legal Practice Course

  • Solicitor, qualified in England & Wales
  • Solicitor, qualified in Hong Kong


  • A syndicate of 20 banks led by ANZ, Bank of China (Hong Kong), Credit Agricole and ICBC (Asia) – on a US$500m green loan made available to CGNPC International Limited, with a guarantee from the borrower's parent company China General Nuclear Power Corporation.
  • Standard Chartered and ICBC (Asia) – on a US$550m acquisition finance facility provided to China Re Hong Kong Company Limited (a subsidiary of China Reinsurance (Group) Corporation) for the purpose of acquiring 100% of the shares in Chaucer Holdings Ltd., a London based specialty reinsurer.
  • Huatai Financial Holdings and CRIC Securities as placing agents on an offshore notes issuance by a PRC real estate development company, and also as arrangers in a loan facility to such company.
  • A syndicate of banks led by Hang Seng Bank – on a US$150m transferable secured term loan facility made available to Citychamp Watch & Jewellery Group Limited for the purpose of refinancing its existing indebtedness.
  • A US bank on the US$500m facility provided to a Hong Kong-incorporated subsidiary of a Chinese SOE to part-finance its acquisition of a minority stake in a South American power transmission company; the facility is guaranteed by the Chinese SOE.
  • HSBC on an innovative sustainable supply chain finance program with Walmart which pegs a supplier's financing rate to its sustainability performance.
  • A FinTech venture created by an international bank on the legal and regulatory aspects of its innovative new digital supply chain finance platform, which is designed to improve access to trade financing for SMEs.
  • An international bank on the financing of up to HK$600m provided to a leading company in Hong Kong's growing FinTech sector. The borrower's owner operates Hong Kong's leading online lending platform, and is China's first fully mobile lending platform.
  • A Chinese bank on two separate US$1bn multi-currency term loan facilities made available to a company incorporated in Hong Kong; each facility was guaranteed by the borrower's PRC parent.
  • A Chinese bank on a US$200m term loan facility to a Dubai company, which is controlled by a PRC state-owned enterprise with businesses covering the design, construction, investment and operation in a broad range of energy and infrastructure projects.
  • A syndicate of six international banks led by Bank of China (Hong Kong) – on a HK$2.4bn term loan facility to a wholly-owned subsidiary of Hong Kong-listed company Lee & Man Paper Manufacturing Limited.
  • A syndicate of 25 international banks – on a US$1.5bn syndicated term loan facility provided to Huawei Tech Investment and Huawei Technologies Cooperatief.
  • Up and Coming: Banking & Finance: Hong Kong-based (International Firms) in China – Chambers Asia Pacific 2021
  • Young Lawyer of the Year – Asian Legal Business Hong Kong Law Awards 2019
  • ALB's "40 under 40" named as one Asia's 40 top lawyers under the age of 40 – Asian Legal Business 2018
  • Rising Star IFLR Asia 2016