King & Wood Mallesons (KWM) has advised BNP Paribas’ subsidiary, BNP Paribas Commodities (Shanghai) Co, on obtaining a licence issued by the China (Shanghai) pilot free-trade zone.
BNP Paribas Commodities has become one of the first companies settled down in the China (Shanghai) pilot free-trade zone. It has registered capital of $40m (£25m) and total investment of $100m.
KWM provided legal services throughout the establishment of BNP Paribas Commodities (Shanghai) Co and offered legal support on its investment mode, its capital ratio, its foreign exchange settlement and the design of transaction structure and financing structure related to its main business area.
The project was led by partner Wang Lianghua, together with team member Yang Ming.