Dalian Shipbuilding Industry Offshore’s Restructuring Proceeding

Dalian Shipbuilding Industry Offshore (DSIC Offshore), a subsidiary of Dalian Shipbuilding Industry Co., Ltd (DSIC), completed a successful restructuring by way of an RMB1.78 billion (approx. $278.7 million) insurance claim payout from China Export & Credit Insurance Corporation (CECIC). 

DSIC Offshore specialises in manufacturing of oil rigs, oil production platforms, drill ships, FPSOs and wind turbine installation vessels, as well as other fixed and floating drilling or oil and gas production facilities.

The Fangda team was led by partners Nuo Ji (Picture) and Kai Li and included counsel Sylvia Zhang.

Involved fees earner: Nuo Ji – Fangda Partners; Kai Li – Fangda Partners; Sylvia Zhang – Fangda Partners;

Law Firms: Fangda Partners;

Clients: Dalian Shipbuilding Industry Offshore;