Banking and Finance
As its integration with the global economy accelerates, China’s banking and finance sector is poised to become the battleground for global financial institutions. Banking and financing legal issues have become increasingly complex. Zhong Lun plays a leading role in this field and provides sophisticated legal services to foreign and domestic banks, leasing companies, investment banks, and other financial institutions. Our finance team is the key outside counsel to the International Finance Corporation in its PRC financing projects. Our services also cover the daily operation of financial institutions, deposits, loans, project facilities, commercial paper, bonds, trusts, leases, and insurance. In addition, we regularly represent dozens of financial institutions in their financing-related disputes.
Scope of Services:
Scope of Services:
- Syndicated loans
- Loan facilities for mergers & acquisitions
- International organization and foreign government loans
- Commercial paper and letters of credit
- Financial leasing for airplanes, ocean carriers and equipment
- Project finance facilities for energy and infrastructure projects
- Consumer credit, real estate and automobile mortgage loans
- International trade finance
- Taking and enforcing security for various financial transactions
- Trusts
- Financial asset management and debt restructuring
- E-banking services
Honors & Awards
- Zhong Lun’s Banking and Finance practice was ranked in Band 2 of Chambers Asia Guide 2009.
Representative Cases
- Advising on two loans extended for privatization of Singapore listed SP Chemicals Ltd. and China Precision Technology Limited, as PRC legal counsel for lenders, a syndicate consisting of DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited (for SP Chemicals, loan amount SGD135 million) and United Overseas Bank Limited (for China Precision Technology, loan amount SGD25 million) (2009)
- Assisting Bank of Tokyo-Mitsubishi UFJ (China) Ltd. in securing approval from the People’s Bank of China to issue yuan-denominated bonds, making it the first foreign bank to be permitted to sell such bonds in China(2009)
- Assisting Standard Chartered Bank on establishment of Shenzhen Primecredit Limited, the only foreign invested micro-credit company in the first group of seven approved by the Shenzhen municipal government(2009)
- Advising MI Energy Corporation on a US$200 million loan from a syndicate led by CITIC Ka Wah Bank(2009)
- Advising Jiangsu Linyang Solarfun Co., Ltd. on a US$30 million loan from a syndicate led by Citibank(2009)
- Advising D.E. Shaw, Goldman Sachs, Deutsche Bank and HSBC, in connection with the restructuring of promissory notes payable by Glorious Property with the total redeemable principal of US$710 million(2009)
