Appleby advises Credit Suisse on secured loan facility to Golden Chance
Appleby has acted as Bermuda and British Virgin Islands counsel to Credit Suisse, Singapore branch, in relation to its $30m secured loan facility to Golden Chance (Saigo) and its $19.5m subscription of non-listed warrants issued by Century Ginwa Retail Holdings.
Golden Chance is a wholly owned subsidiary of Century Ginwa, a company incorporated in Bermuda and listed on the Hong Kong stock exchange. The company is primarily engaged in the operation of department stores, shopping malls and supermarkets in China.
The proceeds of the loan are for general refinancing within the Century Ginwa group of companies and for general working capital purposes, while the proceeds from the issue of the warrants will enable Century Ginwa to raise capital and broaden its shareholder base.
The Appleby team was led by Jeffrey Kirk, corporate and commercial partner of Appleby, and assisted by senior associates Rupen Shah and Joanne Collett.
Allen & Overy advised Credit Suisse as to Hong Kong law.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big