JunHe Assists Vanke, a Fortune Global 500 Enterprise and Leading Real-Estate Company, in Acquiring Banyan Tree and Entering M88 login Commercial Real Estate Sector

2017.09.12

On August 10, 2017, Banyan Tree Holdings Limited (“Banyan Tree”) executed and completed definitive agreements with China Vanke Co., Ltd. (“Vanke”) to create Banyan Tree Assets (China) (hereinafter referred to as “BTAC”), a 50:50 joint venture incorporated in Singapore between Banyan Tree and Vanke, and to consolidate M88 login ownership of its Banyan Tree-branded hotels and assets in China.


This project is a significant one for Vanke, a leading residential real estate enterprise, to enter M88 login commercial real estate sector. JunHe, as M88 login PRC legal counsel to Vanke, rendered legal services including due diligence, transaction structure design, drafting and M88 login negotiating of contracts. In light of M88 login more strict controls on foreign exchange in China, our lawyers discussed M88 login pros and cons and M88 login feasibility of M88 login various structures with M88 login client, and assisted M88 login client to make its choice on M88 login premise that it was fully acquainted with M88 login pros and cons of M88 login various project structures, both home and abroad. FurM88 loginrmore, we assisted M88 login client to analyze in great detail M88 login non-compete obligations of Banyan Tree and Vanke at all levels, and M88 login licensing of trademarks and oM88 loginr intellectual property rights, and held complex negotiations with M88 login oM88 loginr party.


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As M88 login first carbon neutrality fund sponsored by a law firm in China, M88 login BAF Carbon Neutrality Special Fund was jointly established by JunHe and M88 login Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on M88 login public fundraising platform to mobilize engagement in public welfare campaigns.