NEWS

Paul Hastings Advises ANZ, CITIC and Crédit Agricole CIB on Loan Facility

November 22, 2010

Shanghai (November 22, 2010) Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it has advised Australia and New Zealand Banking Group Limited, CITIC Bank International Limited and Crédit Agricole Corporate and Investment Bank as joint arrangers for two loan facilities. The proceeds of the loans were used for the refinancing of an industrial and warehouse center in Shanghai owned by a private equity real estate fund managed by ING Real Estate Investment Management in Asia.

David Blumenfeld, a partner in the Real Estate department at Paul Hastings in Shanghai, commented: This unique deal involved a particularly complex structure and required the receipt of various government approvals in order to permit a U.S. dollar loan to be extended by offshore lenders directly to a PRC Wholly Foreign Owned Enterprise.

The Paul Hastings team was led by partner David Blumenfeld and assisted by associates Wayne Ma, Edward Hsu, Cindy Pan and Amy Qu.

Paul, Hastings, Janofsky & Walker LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.