Conyers Dill & Pearman advises Huaneng Hong Kong Capital on $400m bond issue
Conyers Dill & Pearman has provided British Virgin Islands legal advice on the issue by Huaneng Hong Kong Capital, a subsidiary of China Huaneng Group, of $400m (£270m) 3.375 per cent guaranteed bonds due in 2018.
The bonds were guaranteed by China Hua Neng Group Hong Kong, with China Huaneng Group providing a keepwell deed and equity interest purchase undertaking, and were listed on the Hong Kong Stock Exchange on 13 June 2013.
The Conyers Dill & Pearman team was led by Wynne Lau of Conyers’ Hong Kong office. Conyers worked alongside Herbert Smith Freehills, Linklaters and Haiwen & Partners on the transaction.
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The Bermuda government recently approved an amendment to Bermuda’s trust legislation.
A shareholder in a BVI company seeking to bring a derivative claim in Hong Kong must first obtain the permission of the BVI court.