Michelle Taylor
Michelle is a Partner at Tiang & Partners and a member of PwC’s Global Legal Leadership Team. She is also the Asia Pacific Leader for the PwC’s Global Legal Network. Michelle advises on debt capital markets, banking and finance transactions, with a particular emphasis on structured finance, securitisation, asset-backed and secured finance, structured products and derivatives.
During her 25-year career in Hong Kong, Michelle has executed complex cross-border finance solutions for clients across the Asia Pacific region in various industries including financial services, aviation, shipping, consumer credit, energy and real estate. She has been at the forefront of the Asian securitisation market since its development in the late-1990s, and advised on the first deals in many jurisdictions such as Korea, the PRC and Malaysia.
Michelle is recognised by Chambers Asia-Pacific and Global as a leading individual in Capital Markets for both China and South Korea. She is also listed as a recommended lawyer in Legal 500 Asia Pacific 2021.
Areas of expertise
- Debt capital markets
- Banking and finance
- Structured finance
- Securitisation
- Asset-backed and secured finance
- Structured products
- Derivatives
Representative experience
- Advising on cross-border securitisations of credit card receivables, auto loan receivables, personal loans, mortgages, lease receivables, airline ticket and air-cargo receivables, shipping receivables, collateralised bonds and loans, natural assets and non-performing loans.
- Advising on PRC secured offshore borrowing and lending (backed by assets such as commercial real estate, local government bonds, non-performing loans, consumer receivables).
- Advising on airline ticket and airline/shipping cargo receivable securitisations for clients in the PRC, Korea and the Philippines.
- Advising on commercial real estate lending transactions in the PRC (including commercial mortgage-backed securitisations).
- Advising on acquisition financing.
- Advising on disposition of performing/non-performing portfolios of investments and securities (auctions and debt capital markets).
- Advising on bespoke offshore investment structures for PRC investors.
- Advising on covered bond transactions.
- Advising on issuance of guaranteed and/or secured loans and bonds.
- Advising on credit derivatives (including credit default swaps, credit-linked notes and total return swaps).
Awards and recognition
Michelle Taylor is widely held to be one of the strongest securitisation lawyers in the market. She boasts noted South Korea-related expertise, and one client reports that her "knowledge of the industry and the product is excellent," while another confirms that she is "extremely competent in her field of asset securitisation." Michelle Taylor is described by a source as "one of the pioneers in this market" and highlighted for her "very strong Korean focus."
Chambers Asia-Pacific 2021
Michelle Taylor in Hong Kong is commended by interviewees for her securitisation expertise. "Her knowledge and keen insights in all matters related to securitisation is the reason we call her for any new structures or legal questions," reports one appreciative client.
Chambers Global 2021
“Michelle Taylor and her team are very well recognised by Korean financial companies for their dedication to the deal and their deep understanding – they always came up with a viable structure when clients are struggling to find a solution.”
Legal 500 Asia Pacific 2021
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