John M. Marsden

Cell C

• Advised China Development Bank and Industrial and Commercial Bank of China, the main creditors in the restructuring and recapitalization of Cell C, which is a major and strategically diverse South African telecommunication corporation, on the complicated restructuring, including the assignment of part of its loans to a major financial institution at the conclusion of the debt restructuring. The deal was recognized as a Cross-Border Deal of the Year by China Law Business Journal.

Pacific Andes/China Fishery

• Advised Malayan Banking Berhad (Maybank), one of the primary bank creditors of the debtor group on its negotiations with Pacific Andes and other creditors and as to its security and enforcement options, with a view to recovery of its loans.

Z-Obee

• Advised the provisional liquidators appointed in Hong Kong and Bermuda in connection with the restructuring of Hong Kong-listed Z-Obee and the resumption of trading in its shares through multi-jurisdictional schemes of arrangement and involving novel cross-border recognition issues to address concerns arising from the Re Legend International Resorts Limited decision. The deal won a “standout” award from the FT Asia-Pacific Innovative Lawyer Awards for its innovative solutions.

Vinashin

• Advised the financial restructuring of Vietnam Shipbuilding Industry Group (Vinashin) involving debts in excess of US$4.5 billion and included dealing with a US$600 million facility by a Scheme of Arrangement. This was the first restructuring of a Vietnamese state owned enterprise and involved the Vietnamese government, numerous ministries, and a strategically important industry.

Liquidators of the Hong Kong Lehman Brothers group companies

• Advised the liquidators of Lehman Asia on major settlements and litigation necessary to release over USD 1 billion of trust assets subject to competing claims.

Titan Petrochemicals

• Advised Guangdong Zhenrong Energy Co., Ltd in relation to all matters pertaining to the restructuring of TPGL (other than certain corporate finance aspects), the proposed acquisition of the oil storage assets from the liquidators of TGIL and (subsequently) from JVC, and on the current dispute in relation to the completion of the acquisition of the oil storage assets.