Examples of Banking Facility Restructuring Projects

The following are examples of the banking facility restructuring projects that lawyers in HoriZon Law Office have handled:

Note: For reason of confidentiality, we have not disclosed the parties’ names.

Acting for a foreign invested bank situated in Shanghai to restructure a loan facility of RMB130 million provided to a wholly foreign-owned company situated in Shanghai, and the related legal services include providing legal advices, drafting the supplemental agreement to loan agreement, the subordination agreement, the assignment of proceeds, the letter of undertaking and the other related legal documents, arranging and witnessing the execution, issuance of legal opinion, etc.;

Acting for a syndicate of foreign banks to restructure an outstanding loan of US$18 million provided to a property development joint venture company situated in Yantai City, Shandong Province, secured by the real properties and guarantees, and the related legal services include providing legal advices, drafting all the relevant documents in English and Chinese, arranging the execution and notarization, carrying out the related foreign debt registration, mortgage registration, external security registration, the relevant filings, and obtaining the relevant approvals, etc.;

Acting for a foreign bank to renew a mortgage over real properties located in Shanghai in respect of an outstanding loan of US$9.7 million provided to a property development joint venture company situated in Shanghai, and the related legal services include providing legal advices, drafting all the relevant documents, arranging the execution and notarization of the documents, carrying out the related mortgage registration and external security registration, etc.;

Acting for a foreign bank to restructure an outstanding loan of US$10 million provided to a property development joint venture company situated in Guangzhou City, Guangdong Province, and the related legal services include providing legal advices, drafting all the relevant documents, arranging the execution and notarization, carrying out the related registrations and filings, etc.;

Acting for a foreign bank to restructure an outstanding loan of US$10 million provided to grant a property development joint venture company situated in Tianjin City, and at the same time provide a new loan facility of US$6.44 million to the same joint venture company for repayment of an outstanding loan owing to the same bank by a Hong Kong shareholder of the said joint venture company, and the related legal services include providing legal advices, drafting all the relevant documents in English and Chinese, arranging the execution and notarization, carrying out the related foreign debt registration, mortgage registration, external security registration and the relevant filings, etc.;

Acting for a foreign bank to restructure an outstanding loan of US$7.15 million provided to a Singapore company secured by a mortgage over the properties of a hotel situated in Shenzhen and a corporate guarantee and a personal guarantee, and the related legal services include providing legal advices, drafting all the relevant documents, arranging the execution and notarization, carrying out the related registrations and filings, etc.;

Acting for a foreign bank to restructure an outstanding loan of US$10 million provided to a Singapore company secured by a mortgage over real properties situated in Shenzhen City, Guangdong Province, and the related legal services include providing legal advices, drafting all the relevant documents, arranging the execution and notarization, carrying out the related registrations and filings, etc.;

Acting for a foreign bank through its Shanghai branch to restructure an outstanding loan of RMB500 million provided to a property development joint venture company situated in Shanghai, and the related legal services include providing legal advices, conducting the relevant independent searches, drafting all the relevant documents, arranging the execution of the documents, issuance of legal opinion, etc.;

Acting for a Singapore bank to restructure an outstanding loan of US$5 million provided to an industry joint venture company situated in Shantou City, Guangdong Province, and the related legal services include providing legal advices, drafting all the relevant documents in English and Chinese, arranging the execution and notarization, carrying out the related foreign debt registration, mortgage registration, external security registration, the relevant filings, and obtaining the relevant approvals, etc.;

Acting for a foreign bank to restructure a loan facility of US$25 million provided to a wholly foreign-owned property development company situated in Huangpu District of Shanghai, and the related legal services include providing legal advices, drafting all the relevant documents in English and Chinese, arranging the execution and notarization, carrying out the related foreign debt registration, mortgage registration, external security registration, the relevant filings, and obtaining the relevant approvals, etc..