A financial institution faced defaults on multiple loans and import financing facilities, with aggregate principal exceeding USD 170 million and additional amounts of tens of millions of renminbi. The client engaged Li Shu’s team to pursue the debts, confirm security rights and establish the liabilities of debtors and guarantors.
The team reviewed the credit facility arrangements, mortgages and guarantee contracts. It presented evidence of default and guarantee obligations and responded to challenges to the validity of the mortgages.
According to YunTing’s account, the court confirmed the creditor’s priority right over the relevant state-owned land-use rights and ordered the debtor and joint and several guarantors to repay principal and interest. Subsequent enforcement recovered the principal, interest and related recovery expenses.