YKVN Receives “Asset & Corporate Finance Deal of the Year” Award for Its Role in Vietnam Airlines ECA-supported Airbus Financing
Hanoi/Ho Chi Minh City (March 28, 2005) — YKVN received the “Asset & Corporate Finance Deal of the Year” award from the editors of Asian Legal Business (ALB), a leading journal covering legal transactions for its role as Vietnamese legal advisor for Vietnam Airlines in the Vietnam Airlines ECA-supported Airbus financing. The award also names White & Case LLP, who acted as international legal advisor for Vietnam Airlines, and Norton Rose, who acted as international legal advisor for the lenders.
ALB announced its Deals of Year Awards – SE Asia 2005 on March 18 in Singapore. Nominations covered significant deals that were completed in 2004 in South East Asia in insolvency & restructuring, asset & corporate finance, structured finance & securitisation, project finance, equity, debt (and equity-linked) and mergers & acquisition.
According to ALB, “[t]he asset finance deal of the year will be a structured finance transaction involving any one of a number of assets including aircraft, ships, cars, rolling stock, hospitals, toll roads, prisons, tunnels, rail infrastructure and bridges. The financing may involve a domestic or cross-border lease, a securitisation, a hybrid issue, mezzanine debt and subordinated debt instruments.” The Vietnam Airlines ECA-supported Airbus financing was selected as the “Asset & Corporate Finance Deal of the Year” out of 6 high-profile deals in the region.
“It is a great honor for YKVN to receive this award. In naming YKVN alongside two leading international law firms, the award underscores the active contribution that Vietnamese law firms can make in international transactions,” said Truong Nhat Quang, Managing Partner of YKVN.