Dehehantong helped state-owned financial asset management companies to successfully acquire non-performing asset projects of banks

The lawyer team of Dehehantong participated in the acquisition of a people from a certain country-foreign joint venture bank non-performing assets project for a state-owned financial asset management company (AMC). After accepting the client's entrustment, the lawyer helped the client successfully complete the acquisition project with a high degree of professional ability and practical experience.

In August 2024, the client, a state-owned financial assets management company (AMC), participated in the acquisition of a people from a certain country-foreign joint venture bank non-performing assets project, with the principal balance of the underlying creditor's rights of about 65 million yuan, and the balance of interest and other expenses of about 7.2 million yuan, totaling about 72 million yuan.

The law firm is commissioned by clients to provide legal due diligence and transaction counsel services. Mr. Qiu Wenyu, director of the Management Committee of Dehehantong Shanghai Office and director of the Non-performing Assets and Restructuring Business Committee of Dehe Shanghai, led the team to provide full legal services for the acquisition of the project.

In the course of conducting legal due diligence, the contractor noted that the project involved several security measures such as joint and several liability guarantees, accounts receivable pledges and real estate mortgages. The confirmation of security rights is an important link in the legal due diligence of non-performing asset projects. The undertaking lawyer verifies the effective establishment, burden of rights and enforceability of security rights through the verification of security contracts, declaration letters, ownership certificates of collateral and other materials. These provide favorable legal support and decision-making basis for customers to make decisions on acquisition and disposal of non-performing debt.

In September 2024, the client successfully won the non-performing asset project, and in November 2024, the transferor and the transferor issued a joint announcement on the transfer of claims and debt collection in Wen Wei Po, and the non-performing asset acquisition process has been successfully completed.

This successful acquisition not only demonstrates Dehehantong's expertise in the field of non-performing assets, but also further consolidates its leading position in the legal services industry. Dehehantong will continue to adhere to the service concept of “diligence, ingenuity and perfection”, take the customer as the center, take the legal profession as the foundation, and take innovation as the driving force, to provide customers with efficient, high-quality and practical legal service solutions.