Major JV between China and Iran
Davidson & Co’s Corporate and Commercial team has been providing local and international clients with legal services for over ten years. Our Corporate and Commercial division has a growing clientele base that includes local, regional and international companies, banks and financial institutions, international and regional law firms and high-net-worth individuals.
Recently, we acted in a corporate restructuring involving the establishment of a joint venture company and multiple share transfers to facilitate the investment by a major state-owned petroleum energy and chemicals company in China of over USD 500,000,000 in a long-established methanol plant based in Iran.
This joint venture marks the Chinese entry into the Iranian methanol market. The above corporate restructuring is expected to significantly boost annual revenue generated in Iran and China.
Our team on this transaction comprised of Partner, Andrew Lyons and Associate, Rhea Bindra. Managing Partner, Jonathon Davidson commented: “We are delighted to have continued our long-standing relationship with our clients based in Iran, by acting on yet another successful corporate restructuring, which is expected to prove a very progressive move for them in the Iranian and Chinese markets.”
This transaction is another indication of continued M&A activity, which we are seeing within the oil and gas sector. The matter allowed us yet again to demonstrate our deep understanding of the realm of corporate and commercial law in the region and abroad.
We aim to simplify the issues involved with transactions and make it our focus to help our clients understand their investment risks, at every stage.
Reach out to us for a confidential discussion on any Corporate or Commercial matters and to find out how we can help.
Our team would be delighted to hear from you.