Nixon Peabody CWL secured summary judgment for an outstanding loan of HK$540 million (approximately $69 million USD) against China City Construction (International) Company Limited, the subsidiary of a large-scale infrastructure company in the People’s Republic of China.
Nixon Peabody CWL represented the lender, Amuse Peace Limited. The loan was initially agreed to be HK$450 million, but was increased by HK$90 million. Summary judgment was entered in favor of Amuse Peace, for the full sum of the loan in the amount of HK$540 million, with interest together with the costs of the action. The loan was due to be repaid in 2016.
Nixon Peabody CWL’s legal team was led by managing partner Joanne Wu (Picture) with assistance from associate Laura Au.
Law Firms: Nixon Peabody LLP;
Clients: Amuse Peace Limited;