Conyers Dill & Pearman gives Cayman Islands and BVI advice to China Water

Conyers Dill & Pearman has provided Cayman Islands and British Virgin Islands (BVI) legal advice to China Water Property Group and its subsidiaries in connection with the issuance by the company of 12.5 per cent senior notes due 2016.

The senior notes have an an aggregate principal amount of up to HKD350m (£27m) with inter alia security given by the company’s BVI subsidiaries.

The subsidiaries included Angelink Development, Create Capital Development, Northern Sea Development, China Water Property Investment, Hong Kong Wah Yuen Foods Company, Wah Yuen Foods (China), Wah Yuen Foods International and China Water Property (Hong Kong) Group.

Anna Chong of Conyers’ Hong Kong office advised on the matter, working alongside Baker & McKenzie, King & Wood Mallesons and Herbert Smith Freehills.