Counsel to Minsheng Financial Leasing in the context of the restructuring of Lion Air
Moncey Avocats assisted the Chinese lessor Minsheng Financial Leasing, one of the largest lessors of aircrafts and ships in the world and the first in Asia, in the context of the receivership of the French subsidiary of the Indonesian airline Lion Air before the Tribunal de commerce de Paris.
This case, whose stakes amounted to several billion euros due to the presence of multiple international lessors, required a "tailor-made" solution for each of the said lessors and a "contractual" exit from receivership on the basis of Article L. 631-16 of the French Code de commerce, validated by a judgment dated 14 November 2022. This innovative solution made it possible to preserve the confidentiality of the bilateral agreements of each of the lessors in a cross-border context.
Minsheng Financial Leasing was advised by a team from Moncey Avocats composed of David Malamed, partner, Jonathan Devillard and David Maréchal, associates.