01 May 2017

King & Wood Mallesons New York advises Bank of China, New York Branch, on cross border aircraft financing transaction

King & Wood Mallesons New York acted for Bank of China, New York Branch (BOCNY) on BOCNY’s first aircraft financing transaction with a PRC privately owned lessor which involved the refinancing of the lessor’s acquisition and leasing of two narrow body aircraft to a Thai airline.

This cross-border transaction required New York law and PRC law expertise, which KWM was able to provide as a one-stop-shop service to BOCNY, as well as managing local counsel in Ireland, Thailand and Indonesia.

KWM New York office’s Managing Partner, Handel Lee, commented: “KWM’s New York office is honored to have acted for BOCNY in its first aircraft financing transaction with this lessor. This is significant in evidencing the transition of KWM’s New York office to a transactional office that executes New York law finance transactions on behalf of its China clients, and our ability to offer legal advice across multiple jurisdictions and time zones (primarily New York law and PRC law).”

The KWM team was led by the New York law office’s Ting Ting Tan (Counsel), and New York qualified lawyers, Tejaswi Nimmagadda (Counsel), Kelvin Zha (Senior Associate) and Shuya Tan (Associate), and the PRC team which was led by Wang Ning (Partner) with Yu Xing (Associate).

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