Representing the international bank HSBC UK in the amount of more than CZK 1 billion

Representation of the international bank HSBC UK regarding the creation of security for loan exposure amounting more than 1 billion CZK towards Carclo (a leading global producer of technical plastics listed at the London stock exchange). As part of increasing and extending the maturity of the provided loan facilities, a pledge of 100% business share in a Czech subsidiary of the Carclo holding was granted to the bank. The advice of our law firm consisted of the drafting of the security contractual documentation related to the Czech subsidiary including the drafting of legal and capacity opinion regarding the fulfilment of all conditions for a due creation of the pledge as well as the opinion regarding the creation of corporate guarantee of the Czech subsidiary stipulated in the loan facility agreement between the bank and the respective Carclo holding entities.