Latham & Watkins LLP has a comprehensive background advising the offshore bondholders and bank syndicates of high-profile real estate developers, such as Zhongliang Holdings Group and Yuzhou Group, on bond and debt restructurings and winding up actions involving cross-border interests. In the financial industry, the team recently handled a high-value holistic restructuring of the operational debt of Babel Asia, a crypto-lending and crypto asset management company, utilising debt-token swap and the raising of new capital. Spearheading the practice is Hong Kong-based Howard Lam, who demonstrates over 20 years of experience acting for bank lenders, insolvency practitioners, and liquidators. Flora Innes leads on a vast majority of multi-jurisdictional disputes and insolvency proceedings, as well as corporate restructurings.
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Key clients
- Ad hoc group of bondholders to Zhongliang Holdings Group
- Bondholders of Dexin China Holdings Limited
- Bank syndicate to Yuzhou Group
- Bank syndicate to Redco Properties Group Limited
- Bondholders of Central China Real Estate Group
- Ad hoc group of bondholders to Zhenro Properties Group
- Ad hoc group of offshore bondholders and certain bank creditors to Powerlong Real Estate Holdings Limited
- Ad hoc group of the private placement noteholders and private lenders to Logan Group Company Limited
- Babel Asia Asset Management Private Limited
- Liquidators of Tsinghua Unigroup International Co., Ltd
- Liquidators of Unigroup International Holdings Ltd
- Bank syndicate to Road King Infrastructure Limited
Work highlights
Advised the ad hoc committee of offshore bondholders with respect to Zhongliang Holdings Group, a high-profile Hong Kong-listed Chinese real estate developer, on the restructuring of its 5 series of USD guaranteed bonds with face value of circa USD929m.
Advised the bondholders of Dexin China Holdings Limited, a leading property developer based in the Zhejiang Province, on the successful winding up action against the issuer.
Advising an ad hoc group of offshore bondholders and certain bank creditors on the ongoing USD2bn+ holistic debt restructuring of USD Bonds, bank debts, and other private debts of Powerlong Real Estate Holdings Limited.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Howard Lam
Other key lawyers
Flora Innes; Shirley Zhang