Hogan Lovells Fidelity advises Mercedes Benz Auto Finance Ltd. on major securitisation deal
Hogan Lovells and Fujian Fidelity have advised Mercedes Benz Auto Finance Ltd. on their second securitisation of auto consumer credits. Together with Chinese law firm Fujian Fidelity Law Firm ("Fidelity"), Hogan Lovells managed the entire documentation for the transaction, and also the registration and approval process with the People's Bank of China and the negotiations with the rating agencies. The deal (Silver Arrow China 2) value is approximately RMB 4.217 billion (€573m).
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Shanghai free trade zone boost for Hogan Lovells and Fidelity
Leading global law firm Hogan Lovells and Fujian Fidelity Law Firm ("Fidelity") have entered into a formal association in the China (Shanghai) Free Trade Zone ("Shanghai FTZ"). This move reflects the firm's growth strategy in Asia and the importance of the region to many of the firm's global clients.
Fidelity was established in 1989 and is one of the largest law firms in the Fujian province. The firm has around 170 lawyers and covers a wide range of legal services, but has a particularly strong track record in corporate and M&A, insolvency and liquidation, financial securities, real estate and construction, and arbitration and litigation work. They currently have seven offices, including the one within the Shanghai FTZ. Hogan Lovells partners Andrew McGinty and Zhen (Katie) Feng will be leading the relationship with Fidelity and the promotion of the joint services from the two firms to clients.
Hogan Lovells has been actively following recent developments in the Shanghai FTZ and is only the third international law firm to enter into an association in the Shanghai FTZ.
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