Current Employment Position(s)

Partner

Lawyer Overview

David W.K. Wong is a member of a firm's tax section.  His practice emphasizes federal and Hawaii tax aspects of commercial transactions and business enterprises.  Mr. Wong has done extensive work in the areas of Business organizations, entity structuring, acquisitions, divestitures and debt workouts.

Corporate Acquisition Assisted financial institution in structuring and closing tax-free acquisition of another bank.

Partnership Structured Tiered partnership arrangement for U.S. investors in $100 million development project involving complex capital and profit and loss allocation issues.

Equipment Leasing Represented leasing arm of major financial institution in numerous leveraged leasing transactions involving hundreds of millions of dollars in equipment cost.  Reviewed tax issues related to proposed lease structures, negotiated tax indemnity agreements and purchase and sale of existing leases.

Partnership Represented foreign investors in U.S. real estate development partnership in connection with partnership restructuring and raising of additional equity for 1,500 acre high-end residential and golf course development project.

Foreclosures and Workouts Advised numerous borrowers and lenders regarding tax aspects of loan restructurings, workouts and foreclosures.

Real Property Valuation Represented hotel owner in real property tax dispute, resulting in tax reduction of over $1 million.

Hawaii General Excise Tax Negotiated with Hawaii Department Taxation to reduce proposed general excise tax assessment for work performed by multinational engineering firm in connection with Hawaii project.  Result was tax savings to client in excess $500,000.

Areas of Practice

• Tax, Estate Planning & Wealth Management

West Practice Categories

Estate Planning, Taxation Law

Bar Admissions

• California
• Hawaii
• U.S. Federal Courts
• U.S. Tax Court

Professional Associations and Memberships

• Hawaii State Bar Association, Section of Taxation (Member)
• American Bar Association, Section of Taxation (Member)

Education

• Stanford Law School, Stanford, California
  J.D., Doctor of Jurisprudence
• Stanford Graduate School of Business, Stanford, California
  M.B.A., Master of Business Administration
• Stanford University, Stanford, California
  A.B.
  Honors: With Distinction
  Major: Economics

Address

ASB Tower
Suite 2200
1001 Bishop Street
Honolulu, HI 96813

Phones

808.523.2506

Faxes

808.523.0842

Emails

Contact Us

Websites

http://www.carlsmith.com