Cases
Hylands assists in the issuance of Yillion Bank 2019 Property Rights Trust Phase II
Following the successful issuance of the 2019 First Property Rights Trust by Yillion Bank in the Banking Credit Assets Registration and Circulation Center on September 10, 2019, Yillion Bank, as the principal, entrusted its normal consumer loan assets to CCB Trust Co. Ltd. to establish the ‘Yillion Bank 2019 Property Rights Trust Plan Phase II’, with an asset size of CNY 1.5 billion. There were senior and subordinated trust units, among which the senior trust units were rated as AAAsf with an expected yield of 5% and an expected maturity date of August 15, 2020, while the expected maturity date of subordinated trust units was November 15, 2020.
The Banking and Financial Business Team of Hylands Law Firm provided legal services for the entire process of the Property Rights Trust Project, including but not limited to conducting legal due diligence and transaction structure review of the project, modification of transaction documents, issuance of legal opinion, etc. Meanwhile, Hylands also provides all-year legal advisory services to Yillion Bank, providing all-around legal services for the business development of Yillion Bank.
The Financial Banking Business Team, as one of the core business teams of Hylands Law Firm, has repeatedly provided special legal services such as property trust and asset securitization to major banks and financial institutions, which have been well received by clients. With the rapid development of the Internet financial industry, Hylands will continue to give full play to its professional advantages in the field of financial banking, and provide high-quality and customized legal services to customers in the Internet financial industry. Hylands will help customers in the Internet finance industry develop their businesses by wholly considering their business needs and controlling relevant legal and compliance risks.