By King & Wood Mallesons

King & Wood Mallesons (KWM) acted for ING Bank on its ground-breaking transaction with a PRC state-owned-enterprise lessor on the refinancing of the lessor’s acquisition and leasing of a wide body aircraft to an Indonesian airline.

This cross-border transaction required English law, PRC law and New York law expertise which KWM was able to provide as a one-stop-shop service to ING.

Lead lawyer on the transaction, Tejaswi Nimmagadda commented: “KWM has a unique perspective of the PRC aviation financing and leasing landscape. Coupled with our ability to offer legal advice across multiple jurisdictions, including PRC law, English law and New York law, we were delighted to provide ING with streamlined support for this complex multi-jurisdiction transaction which also involved managing the Irish law, French law and Indonesian law components.”

The KWM team was led by Hong Kong Counsel (Registered Foreign Lawyer) Tejaswi Nimmagadda with support from Andrew Rajanayagam and Helen Shum, and assistance from Beijing Partner Wang Ning and associate Qianqian Huang (PRC law aspects) and New York Counsel Tingting Tan (New York law aspects).