Indochina Capital Vietnam Holdings Limited - New investment management arrangements

List of all recent work 

Slaughter and May is advising Indochina Capital Vietnam Holdings Limited, the $450 million London listed Vietnam country fund, on the proposals announced on 17 April, 2009 for new investment management arrangements whereby portfolio management will be by a new joint venture between Indochina Capital Advisers Limited (the current manager) and Dragon Capital; and a company reorganisation under which shareholders will be permitted to elect to convert their shares into "realisation shares", with the portfolio to be split into a continuation pool and a realisation pool, with the assets in the latter to be realised and the net proceeds distributed to realisation shareholders.

The new proposals are subject to shareholder consent and replace the tender offer proposal, announced last November, that the Board withdrew at the end of last year.

James Cripps (partner), Mark Hough (associate); Tax: Graham Airs (partner), Benjamin Hammond (associate)