People

Derek Lai

Vice Chair of Deloitte China

Deloitte Global Belt & Road Initiative Leader | Deloitte Global Contingency Planning and Insolvency Leader

Derek Lai

35/F One Pacific Place

88 Queensway

Hong Kong

PRC

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Derek Lai is the Vice Chair of Deloitte China, Deloitte Global Belt & Road Leader and Global Contingency Planning and Insolvency Leader.  He was previously the Managing Partner of Deloitte China Southern Region and the National Leader of Financial Advisory, Deloitte China. In addition, he was on the board of Deloitte China for 2 terms.

Mr. Lai has specialized in corporate restructuring in Hong Kong and Mainland China for over 30 years.  Mr. Lai has substantial insolvency and turnaround experience and has worked on receivership, liquidation, corporate restructuring and closure management engagements involving entities incorporated in Hong Kong, Mainland China and various other international jurisdictions including the British Virgin Islands, Cayman Islands, Cook Islands, Jersey and the United Kingdom.

Mr. Lai was awarded the Specialist Designation (Insolvency) by the HKICPA in July 2011.  

Experience 

Mr. Lai has extensive Mainland China experience, including experience in disposing of interests in Joint Ventures/ businesses and assets located in Mainland China.  He has advised clients on appropriate exit strategies for Mainland China investments so as to maximize returns and minimize any adverse consequences.  Mr. Lai has served on numerous liquidation committees in Mainland China.

In addition, Mr. Lai has extensive experience in financial advisory, fund placement and corporate restructuring and rescued many high profile large and medium sized companies covering a wide range of industries.  Derek assists clients in raising funds, locating appropriate business partners and investors for the clients' projects in Mainland China so as to asclat stability and survived of the target companies.  Derek has also provided high quality strategic corporate advisory services for State Own Enterprises, Private Enterprises and Foreign Enterprises undertaking mergers and acquisitions in Mainland China. 

Mr Lai is the Member of the Steering Committee of the Marine Ecology Enhancement Fund, Fisheries Enhancement Fund and the Top-up Fund of The Airport Authority Hong Kong, the Member of Hong Kong Chinese People’s Political Consultative Conference (Provincial) Members Association and the Member of Shandong Province of Chinese People’s Political Consultative Conference.

Mr. Lai is an Adjunct Professor in City University of Hong Kong.  He frequently contributes articles in newspapers and books on the topics of liquidations, bankruptcies and receiverships in Hong Kong and Mainland China. Mr. Lai is also a frequent speaker at numerous courses organised by universities and professional organisations.