Hallam Chow

Corporate and Acquisition Finance

• The Luxembourg branch of a leading PRC bank, as Agent and Security Agent, on a EUR 165 million term loan facility made to CGL Hungary VI Assets Investment Kft. and CGL Hungary EU Investment Management Kft., as Borrowers, in connection with their acquisition from the Singapore sovereign wealth fund, GIC, of a pan-European logistics property portfolio involving over 10 jurisdictions.
• Tai Fung Bank Limited on an RMB 300 million term loan facility made to Eosaurora Limited in connection with its subscription of certain participating shares in a segregated investment portfolio for the ultimate purpose of investing in certain shares in a major PRC infrastructure company.
• The Singapore branch of a leading PRC bank on a US$100 million term loan facility made to Dito Telecommunity Corporation, a major telecommunications provider in the Philippines. 
• The Hong Kong arm of a leading PRC bank on a US$200 million term loan facility made to Dito Telecommunity Corporation, a major telecommunications provider in the Philippines.
• A Hong Kong-based asset management company, as borrower, in a US$120 million term loan facility made from Bank of Shanghai (Hong Kong) Limited, as agent, Bank of Shanghai (Hong Kong) Limited, The Shanghai Commercial & Savings Bank, Ltd., Hong Kong Branch, Fubon Bank (Hong Kong) Limited and Macao Development Bank Limited as original lenders, for financing the investment needs and refinancing existing indebtedness of the borrower. 
• A Hong Kong-based asset management company, as borrower, on a US$150 million term loan facility made from Neutron Three, an orphan special purpose vehicle, for financing a highly structured performance linked swap transaction.
• A wholly-owned subsidiary of a Hong Kong-based asset management company, as borrower, on a HK$1.256 billion term loan facility made from Chong Hing Bank Limited, as Lender, for financing the borrower's payment under a highly structured performance linked swap transaction.
• A wholly-owned subsidiary of a Hong Kong-based asset management company, as borrower, on a US$100 million term loan facility made from Tai Fung Bank Limited, as Lender, for financing a highly structured performance linked swap transaction.
• Tai Fung Bank Limited on a HK$780 million term loan facility made to United Strength Harmony Limited, an investment holding company, in its acquisition of 1.594% of the issued shares of New Gains Group Limited. 
• Ping An Bank Co., Ltd., Hong Kong Branch on a HK$3 billion multicurrency term loan facility made to Mei Wah Industrial (Hong Kong) Limited, as Borrower, in its acquisition of the entire issued share capital of Shenzhen Investment International Capital Holdings Infrastructure Co., Ltd. 
• Ping An Bank Co., Ltd., Hong Kong Branch on a US$150 million (or its HK dollars equivalent) dual currency revolving facility made to Yuexiu Property Company Limited, a comprehensive property development enterprise in China, as Borrower, for financing of working capital of the Borrower.
• A leading PRC bank and its ten overseas branches in Europe and Asia Pacific on the US$3.5 billion financing to Spring Chem Ltd for the subscription of the of the perpetual bond issued by CNAC (HK) Golden Bridge Company Limited, a Hong Kong Subsidiary of China National Agrochemical Company Limited and China National Chemical Corporation (ChemChina).
• A syndicate of PRC and international banks on the US$4 billion facility made to China Yangtze Power International (Hong Kong) Co., Limited on the acquisition of Peru’s largest electric company Luz del Sur from Sempra Energy. The deal would be the largest acquisition made by a Chinese state-owned enterprise in the Americas since 2015.
• A leading PRC bank as mandated lead arranger, bookrunner and underwriter and agent on a facility to COFCO (Hong Kong) Limited, a wholly-owned subsidiary of COFCO Corporation, China’s largest food processing company with interests in, among others, agricultural commodities trading and agricultural products processing, to take China Agri-Industries Holdings Limited private pursuant to a scheme of arrangement.
• A leading PRC Bank on the financing to Warburg Pincus for its investments in Ant Financial, the affiliate of Alibaba Group Holding Ltd. China’s Ant Financial, raised about US$14 billion in what market watchers called the biggest-ever single fundraising globally by a private company, as it accelerates the expansion of Alipay globally and develops new technology. The financing makes Ant Financial the largest fintech firm in the world and equips it with enormous resources for expansion. The deal was awarded "Private Equity Deal of the Year 2018" by China Law & Practice Awards, "Deal of the Year 2018: PE/VC and Fintech" by China Business Law Journal and "Private Equity Deal of the Year 2019" by Asia Legal Awards hosted by The Asian Lawyer.
• Major PRC banks on the EUR6.8 billion acquisition loan to a Chinese sovereign investment corporation in connection with its approximately 12.25 billion euro acquisition of logistics assets in Europe. The deal was awarded "Real Estate Deal of the Year 2018" by China Law & Practice Awards.
• A leading PRC Bank as mandated lead arranger, bookrunner, agent and security agent on the US$850 million acquisition financing involving eight jurisdictions for the acquisition of all the issued shares of Sirtex Medical Limited, an Australian medical device company specializing in oncology treatment using Selective Internal Radiation Therapy (SIRT). The buyers CDH and China Grand Pharmaceutical and Healthcare Holdings Limited have jointly offered a total consideration of US$1.4 billion in cash for the acquisition. The deal was awarded "Inbound M&A Deal of the Year 2018" by Mergermarket Inaugural Australia M&A Awards and "Deal of the Year 2018: M&A" by China Business Law Journal. 
• A syndicate of international and PRC banks on the EUR2.2 billion multi-tranch and multi-currency financing to Beijing Automotive Group in connection with its acquisition of the public listed shares of a certain German automotive company.
• A leading PRC Bank as sole China lead arranger, bookrunner, mandated lead arranger and lender on the approximately US$4.3 billion and EUR1.8 billion term loan and US$900 million revolving loan facility transaction for the US$12.5 billion acquisition of 100% of Akzo Nobel’s specialty chemicals business by The Carlyle Group and GIC.
• A leading PRC Bank on a proposed US$10 billion acquisition loan to a Chinese power company in connection with the proposed acquisition of a public listed European utility company.
• Three leading PRC banks as mandated lead arrangers and a syndicate of eight Chinese and international banks as lenders on a term facility of US$300 million to ZTE (H.K.) Limited in connection with financing the general working capital requirement and refinancing of its and its subsidiaries’ existing indebtedness.
• The Singapore branch of a leading PRC Bank on a US$200 million facility made to Dito Telecommunity Corporation, the third largest telecommunications service provider company in the Philippines for the rollout and operation of its 4G/5G network in the Philippines.
• A leading PRC bank on the financing of US$44.8 million to Minsheng Education Group Company Limited for the acquisition of 100% of the shares of TCL Educational Web, an online education platform incorporated in the British Virgin Islands with business operations in multiple cities and provinces of China.
• A lender on the EUR50 million financing facility to Dika Morocco Africa in connection with the borrower’s general corporate purposes.
• A leading PRC bank on the US$30 million revolving financing to Oaktree Pinnacle Investment Fund, L.P. The revolver shall operate as a sub line credit for financing the investment activities and working capital of Oaktree Pinnacle Investment Fund, L.P.
• A leading PRC bank on the US$30 million revolving facility to BNR Lotus Investment LP, an investment vehicle of Silk Road Fund with the Macau sovereign fund as one of the Limited Partner.
• A leading PRC bank on the US$10 million trade financing to Sod Mongol Group LLC in connection with the purchase of imported goods. The transaction involves taking real estate and other securities in Mongolia and is the first trade financing of this type for the bank in Mongolia.
• China Everbright Bank on a term loan facility to an international tyre manufacturer.
• Ping An Bank as lender on a HK$3.8 billion facility to PA Investment Funds SPC IV for its participation in the buyout of Dalian Wanda Commercial Property Co’s Hong Kong-listed shares for an aggregate value of HK$34.5 billion (US$4.4 billion).
• A syndicate of PRC banks as mandated lead arrangers and original lenders on a US$2 billion financing for the privatisation of Shenzhen-headquartered Mindray Medical International Limited, a leading developer, manufacturer and marketer of medical devices worldwide listed on the NYSE.
• A leading PRC bank, as arranger, and the Luxembourg branch of the PRC bank, as agent and security agent extend a US$10 billion term loan facility to Global Chem Investment in support of its equity investment in an affiliate of China National Chemical Corporation for application toward the US$45 billion acquisition of Syngenta, a major and global Swiss agribusiness conglomerate.
• The Macau branch of a leading PRC bank on a US$55 million term loan to Candlewood Investment SRL and Springwood Investment SRL to finance their share purchase for the acquisition of the share capital in Red Star Macalline Group Corporation Ltd. and a US$25 million term loan to Candlewood Investment SRL for its general corporate funding.
• The Macau branch of a leading PRC bank as lender on a US$470 million loan to Fosun International Limited, as borrower, to finance the payment of the share purchase consideration of a certain company.

• A syndicate of leading international and PRC banks on the project financing of US$ 980 million financing to Bracell SP Celulose LTDA and Bracell SP Cellulose Trading FZCO. Bracell is the world’s largest producer of dissolving pulp and specialty cellulose, whose operations are supported by the sustainable cultivation of eucalyptus and state-of-the-art factories. The financing aims to support the ambitious Project Star in Brazil on dissolving pulp capacity expansion, from the current 250,000 tons per year to add another 1.25 million tons, in the state of San Paolo. Project Star, upon completion in 2021, is expected to be the largest foreign direct investment in the State of São Paulo in the last 20 years.
• A PRC sovereign fund on the project financing facility of RMB 1.4 billion in connection with the design, construction, financing, development, implementation, commissioning and operation of the Samarkand Tourism Centre in Uzbekistan to be used in connection with the 2022 Shanghai Cooperation Organisation Summit in Samarkand – the historic town and cross-road of Silk Route.
• A syndicate of PRC and international banks on the five project financing facilities with an aggregate value of US$450 million to the subsidiaries of Goldwind for the development of five wind power projects with an aggregate 374.65 megawatts in Argentina, accounting for more than 40 percent of the total wind power capacity of Argentina. This deal was awarded “Projects & Energy Deal of the Year 2020” at the China Law & Practice.
• A syndicate of PRC and international banks at the pre-bid phase on a US$550 million soft mini perm project financing facility for the development of the 750 MW Al Kharsaah solar project in Qatar.
• China Exim Bank on the financing of the development of an international airport in Benin.

• Asian Development Bank on the US$150 million A Loan and US$300 million B Loan syndication financing to China Water Environment Group Investment Limited for the construction of multiple wastewater treatment plants and related works for the improvement of river and lake water quality in central and western regions of China.
• Asian Development Bank on a US$200 million (and its RMB equivalent) financing to help China Water Affairs Group Limited to improve waste water management and increase people's access to clean and reliable water supply in the PRC.
• Asian Development Bank on a US$200 million A Loan and B Loan to Beijing Capital in connection with the construction and management of wastewater treatment facilities in China.
• Asian Development Bank on a proposed loan of approximately US$100 million to China Everbright Environmental Energy Ltd. to finance a portfolio of waste-to-energy projects in Vietnam.
• Asian Development Bank on the China Water Environment Group Limited integrated river and lake rehabilitation project.
• China Exim Bank in the development of the Souapiti hydropower project and Kaleta hydropower project, both located in Guinea. This project adopted an innovative and complex structure of a hybrid sovereign loan and project finance and required the amendment of Guinean local legislation.
• A major Chinese EPC contractor on its role as concessionaire, sponsor and shareholder in tollroad projects located in Kenya.
• A major Chinese EPC contractor as investor and EPC Contractor on its potential investment in Ramu II hydro project in Papua New Guinea.
• A Chinese sovereign fund and a major PRC telecommunications company on the investment in a public private partnership project for building, operating and transferring of a fibre-optic network in Kazakhstan.
• A PRC Sovereign Fund on a US$200 million term loan facility to China Hongqiao Group Limited in connection with the import of bauxite from the Republic of Guinea.
• A PRC Sovereign Fund on a US$200 million equity investment in Baiyin International Investment Limited, a subsidiary of Baiyin Nonferrous Group Co., Ltd on certain platinum mining project in South Africa.
• A PRC Sovereign Fund on a US$200 million equity investment in NFC (Mauritius) Mining Company Limited, a subsidiary of China Nonferrous Metal Mining (Group) Co., Ltd. on the development of the Dari zinc-lead mining project in Indonesia.
• A major Chinese SOE on the development of an approximately US$260 million highway project in Bangladesh.
• A major Chinese SOE on the development of a railway project in Guinea.
• A major Chinese SOE as investor and EPC Contractor on the development of Terminal Poruario Sao Luis in Brazil.
• Asian Development Bank as lender on the US$150 million dual currency facility to Xinkai Water Environment Investment Co., Ltd and China Water Environment Group Investment Limited, a subsidiary of CITIC Group. The financing assists the borrower group to implement a series of water resources management projects including reclamation and supply, wastewater and sludge treatment, water supply, and water environment rehabilitation and management projects in the PRC.
• China Water Affairs Group Limited on its Regulation S offering of US$300 million 5.25% Senior Notes due 2022. Morgan Stanley acted as the sole global coordinator and bookrunner. China Water Affairs is one of the largest publicly-listed water supply companies in China based on volume of water sold. This is their debut bond offering in the international capital market.
• China Water Affairs Group Limited on an equity investment by the International Finance Corporation of up to HK$155 million.
• Asian Development Bank on the long-term US$120 million loan (“A”) and seven-year US$288 million loan (“B”) to Beijing Enterprises Water Group Limited and its PRC subsidiary BEWG Environmental Group Co. Ltd. for municipal wastewater and reuse projects in the PRC. The facility is supported by a guarantee provided by Beijing Enterprises Water Group Limited. This deal won “Project Finance Deal of the Year” at the China Law & Practice Awards 2015.
• Asian Development Bank as a lender on a US$200 million (and/or its RMB equivalent) multi-currency financing in connection with the expansion and improvement of water distribution in rural and semi-urban communities in the PRC. This project will support China Water Affairs Group Limited, a private sector front-runner company in the PRC's urban water sector, in expanding participation in the privatization and operation of water distribution and treatment in secondary cities across the PRC.
• Asian Development Bank on its proposed loan to a subsidiary of a water project company, to invest in multiple project companies for the rehabilitation, expansion and operation of water treatment and/or distribution facilities throughout China. This project won "Infrastructure and Energy Deal of the Year 2012" by China Business Law Journal and received the "Development Impact Honors" award from the US Department of the Treasury.

Export Credit Facility

• The Export-Import Bank of China, as Lender, in a second amendment to the US$127.5 million term loan facility made to Ahmed Siyam Holdings Private Limited, as Borrower. 
• The Export-Import Bank of China Paris Branch, as Lender, in a US$68 million term loan facility made to Serbia Zijin Copper Doo Bor, as Borrower, for financing the Borrower's working capital needs. The Borrower is Zijin Mining Group's first company in the Balkans and is one of the largest companies in Serbia. 
• A syndicate of PRC bank on an Euro 90 million export credit facility in connection with the financing of the development of a hotel and tourism complex at the Ouidah Port in Benin.
• A major Chinese EPC contractor on its role as concessionaire, sponsor and shareholder in tollroad projects located in Kenya.
• A syndicate of PRC and international banks on the Euro 149 million export credit facilities in connection with the renovation and asphalting of two road projects in Côte d'Ivoire.
• A syndicate of PRC banks on the Euro 75 million export credit finance in connection with a three million wheels manufacturing project in Morocco.
• Two leading PRC banks on the Euro 167 million facility made to the Republic of Benin as part of the country’s largest planned infrastructure development and the first export credit financing made by Chinese banks in support of Chinese construction companies for projects in Benin.
• A syndicate of PRC banks on an approximately US$1 billion export credit facility in connection with a highway project in Zambia.
• A leading PRC bank on an approximately US$360 million export credit facility in connection with a housing project in Ukraine.
• China Development Bank on an export credit facility to Bulgaria BTC Network.
• China Development Bank on an export credit facility to Ukrtelecom in Ukraine.
• China Development Bank on an export credit facility to PT Smart Telecom in Indonesia.

• Various leading international and PRC banks on the US$1.5 billion acquisition financing for COSL Norwegian AS, a wholly owned subsidiary of China Oilfield Services Limited, an affiliate of CNOOC Ltd, in connection with its US$2.5 billion acquisition of Awilco Offshore ASA, a Norwegian oil and gas drilling contractor. This acquisition occurred during a period of high demand for oil and gas in China, increased COSL's drilling rig-fleet to from 15 to 22 and provided COSL with further opportunities to market its non-drilling services, such as marine transport and seismic mapping, to Awilco's existing customers like BP, Statoil and Repsol.
• China Gas Holdings Ltd. on the US$20 million private sector loan agreement to support natural gas and liquefied petroleum gas deliveries to households, hospitals, industry, and services crucial to the ongoing response COVID-19 and the post-pandemic recovery in Wuhan and other affected areas in Hubei province, PRC. The deal was awarded “Oil & Gas Deal of the Year (North Asia) (China) 2021”by the Asset Triple A Infrastructure Awards.
• Kazakhstan Petrochemical Industries Inc. as borrower on the US$2 billion financing provided by China Development Bank Corp. (as original lender, agent and arranger) to Kazakhstan Petrochemical Industries Inc. to finance its development of a petrochemicals complex.
• A Chinese sovereign fund on a US$200 million equity investment in an Ethiopian LNG project. The US$4 billion project consists of five exploration blocks in the Ogaden Basin of Ethiopia and will also involve the construction of a 700 km gas pipeline to transport up to 12 billion cubic metres of gas per year from the Ogaden Basin to the port of Damerjog in Djibouti where an LNG liquefaction and export plant will be built. The deal was awarded as "Project & Energy Deal of the Year 2018" by China Law & Practice.
• The Paris branch of a leading PRC bank on the US$178 million loan to “New Silk Road Oil and Gas” Limited Liability Company, which is a joint venture between the national oil company of Uzbekistan, Uzbek NHC Uzbekneftegaz and China National Petroleum Corporation in connection with the exploration, exploitation, development and operation of the Karakul gas block in the country’s southern province of Bukhara. The first phase project development cost is earmarked at US$377.5 million. This transaction was highlighted as one of the major One Belt One Road Project by the Government of the PRC and the Republic of Uzbekistan.
• COSL Singapore Capital Ltd., as issuer, and China Oilfield Services Limited (COSL), as guarantor, on the establishment of a US$3.5 billion EMTN Programme, and in the subsequent drawdown of US$500 million 3.50% Guaranteed Notes due 2020 and US$500 million 4.50% Guaranteed Notes due 2025 under the Programme. The Programme and the Notes are listed on The Stock Exchange of Hong Kong (SEHK).
• The Macau branch and Hong Kong arm of a leading PRC bank as mandated lead arrangers and as agent on a US$250 million loan to Trident Investment Holdings Limited for financing the Carlyle Group and Huo’s Group’s acquisition of a 75% stake in Tongyi Lubricants from Shell.
• CNOOC as the borrower on a US$3 billion syndicated loan with facility A provided by Australia and New Zealand Banking Group Limited, The Hongkong and Shanghai Banking Corporation Limited (Sydney Branch), Barclays Bank PLC (Australia Branch), Citibank, N.A., (Sydney Branch), Mizuho Bank, Ltd (Hong Kong Branch), Sumitomo Mitsui Banking Corporation, Bank of America N.A., (Australia Branch), Goldman Sachs Lending Partners LLC and facility B provided by China Construction Bank (Sydney Branch), Australia and New Zealand Banking Group Limited, Bank of China Limited (Sydney Branch), Barclays Bank PLC (Australia Branch), Citibank, N.A., (Sydney Branch), Commonwealth Bank of Australia and Sumitomo Mitsui Banking Corporation.
• Saudi Aramco on a joint venture with China's Sinopec to jointly develop a 400,000 barrels-per-day (bpd) refinery project in Yanbu’, on the west coast of Saudi Arabia. This deal was named "Deal of the Year 2012" by ASIAN-MENA COUNSEL and is nominated for "Energy & Resources Deal of the Year 2013" by ALB China Law Awards.
• Asian Development Bank on the acquisition of a stake in China Gas Holdings as part of a package that will provide approximately US$149 million funding to be used to establish, acquire and operate a series of new natural gas distribution projects through joint ventures with local governments and state-owned enterprises across China.
• Saudi Aramco on the RMB 30 billion (approximately US$4 billion) limited recourse financing to the Fujian Refining and Ethylene Joint Venture Project, which will be the largest world-class integrated refining and chemicals complex in China and represents the largest ever project financing for a Sino-foreign joint venture in China. Saudi Aramco, ExxonMobil and Fujian Petrochemical and Refining Company (an affiliate of Sinopec) are the project sponsors. The project has been named "Project Finance Deal of the Year" at the IFLR's Asian Awards 2008; "Asia Pacific Oil & Gas Downstream Deal of the Year" and one of the "Top Ten Global Project Finance Deals for 2007" by Project Finance Magazine; and one of the "Deals of the Year 2007" by Asian Counsel.
• As finance counsel, BP Berau and the other sponsors on the US$2.6 billion financing of the Tangguh LNG Project in Indonesia operated by BP. The transaction is named as the "Asia-Pacific LNG Deal of the Year 2006" by Project Finance and was also included as one of Asian Counsel's "Deal of the Year 2006".
• A major Chinese oil company on a proposed crude oil pipeline project in Africa.

Asset Finance

• Minsheng Commercial Aviation Limited. Sale and lease-back to Spring Airlines Co., Ltd. of two (2) new Airbus A320neo aircraft.A320neo is a development of the A320 family of narrow-body aircraft produced by Airbus, which remains relatively new type of Airbus aircraft to the China market or even the whole world.
• Minsheng Financial Leasing Co. Ltd. Sale and lease-back to Lucky Air Co., Ltd. of four (4) new Boing 737 MAX 8 aircraft. 737 MAX family aircraft is a relatively new aircraft developed by Boeing.
• Minsheng Financing Leasing Co., Ltd. on its sale of two aircraft on lease to China Airlines Ltd., part of the sale proceeds were for repayment of the current financing in connection with the two aircraft.
• Minsheng Financial Leasing Corporation on its portfolio acquisition of 13 aircraft from Ryanair, China Eastern Airlines, Norwegian Air, SAS, Iberia, Aeroflot and Garuda. Currently the sale and novation of 5 aircraft has been closed. The transaction was won "China Deal of the Year" Award from AirFinance Journal 2014.
• Nomura Holdings, Inc., Nomura Babcock & Brown Co., Ltd. and BBAM Aircraft Management LLC, on a Sharia law compliant sukuk issuance with a total aggregate principal amount of US$100 million. This was the first sukuk involving a Japanese multinational corporation. Proceeds from the sukuk issuance were used to finance the purchase of one Boeing 737-800 aircraft and one Airbus A320-232 aircraft on lease to Norwegian Air Shuttle ASA and Wizz Air Hungary Ltd. respectively. The sukuk issuance and related sale and leaseback of the respective aircraft required coordinating businesses and legal counsel across multiple jurisdictions including Hong Kong, Japan, Dubai, England, Malaysia, Indonesia, Norway and the United States. This deal received an honorable mention in Asian-Counsel's "Deals of the Year 2010", nominations for the "Islamic Finance Deal of the Year" at the ALB SE Asia Law Awards 2011 and "The Japan In-House Counsel Network Award Debt Market Deal of the Year" at the ALB Japan Law Awards 2011.
• AirAsia X Sdn Bhd, as lessee, on the sale and leaseback of two Airbus A330 aircraft. ICBC Financial Leasing Co., Limited acted as arranger and the aircraft were registered in Malaysia.

ジョージタウン大学ロースクール, JD, cum laude
International Academy of Trial Lawyer's Award for Juvenile Justice Clinic

Georgetown University, AB, magna cum laude

University of Oxford, St. Antony's College
Visiting Student

• ニューヨーク州弁護士
• Hong Kong

• Advisor to the Dean’s Advisory Council for Columbia University, School of Social Work
• Member of the Asian Law Alumni Advisory Board for Georgetown University Law Center
• Honorary Advisor to the Peking University Law School Alumni Council
• Adjunct professor to the Peking University Law School
• New York State Bar Association