JSM Indochina - Conditional disposal of subsidiaries

  • 17 June 2011

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Slaughter and May, working as an integrated team with DFDL, advised JSM Indochina Ltd. ("JSM") on the proposed sale of all of JSM's subsidiaries to Trinity Structure and Finance Ltd ("Trinity"), for a nominal consideration. Under the terms of JSM's agreement with Trinity, if the sale of the subsidiaries completes in 2011 $7,196,525 will be retained by JSM's subsidiaries in respect of their liabilities. This amount is increased to $8,238,225 if the sale completes in 2012.

The disposal, which was announced on 17 June 2011, is conditional on the disposal of JSM's Cambodian portfolio of real estate assets, which was previously announced on 7 April and 13 April.

The DFDL Mekong team was led by partner Martin Desautels who was supported by senior associate Chau Ta. The team also included tax partner Edwin Vanderbruggen.

 
 

Contacts

 

Andy Ryde (partner), Chris Bulger (associate)

 
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