Hughes Krupica advise on new Kempinski hotel for iconic building in Yangon

Hughes Krupica advise on new Kempinski hotel for iconic building in YangonDesmond Hughes lead the team at Hughes Krupica which advised on the legal aspects of joint venture structuring; hotel management agreements; and 65m USD finance facility arrangements with SCB bank for client Kanok Furniture and Decoration Co. Ltd. http://www.kanok.com a successful established Thai business now investing significantly into Myanmar.

This type of experience and assistance demonstrates that Hughes Krupica is well positioned to assist owners with their negotiations with operators; joint venture structuring and complicated finance arrangements with banks across multiple jurisdictions – in this case – Thailand; Singapore and Myanmar. There were 4 other legal teams involved on the other side of the table – acting for the bank in Singapore; the bank in Bangkok; in-house legal for Kempinski; and local counsel in Myanmar.

The deal has been reported in Property report here: http://www.property-report.com/

Report in the Nation Newspaper can be found here: http://www.nationmultimedia.com/