A team led by Shanghai-based partner Huang Kaijun recently represented client in a share repurchase instituted by an offshore corporate group of which the client was a long-time shareholder.

Registered in Cayman Islands, the group has a large number of subsidiaries and affiliates and its substantial shareholders sitting on the board come from all over the world. These complicated and prolonged the settlement of various legal issues, such as a debt dispute in Hong Kong entangling the client and the group and the transfer of 1.5m shares originally owned by the client in the group. The case also involved attorneys from the US, Beijing and Hong Kong representing different parties concerned.

The Dacheng team spent over seven months on negotiations with various parties on a multi-lingual basis. They eventually overcame huge differences in pricing and reached mutually acceptable agreements. Their work was highly admired by the client.

The team also included attorney Shan Xunping and others.