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 greater than CZK 1 billion to Carclo (a leading global producer of technical plastics listed on the London stock exchange). The condition for increasing and extending the maturity of the loan facilities, was that a pledge of 100% of the shares in a Czech subsidiary of the Carclo holding company be granted to the bank. Our firm's assistance consisted of drafting contractual security documentation related to the Czech subsidiary including the drafting of legal and capacity opinions regarding the fulfilment of all conditions for a due creation of the pledge as well as an opinion regarding the creation of the corporate guarantee of the Czech subsidiary as stipulated in the loan facility between the bank and respective Carclo holding entities.