中伦助力世茂集团115亿美元债务重组

来源：中伦视界

中伦近期助力香港上市公司世茂集团控股有限公司（“世茂集团”）通过经法院认许的香港债务偿还安排（scheme of arrangement），达成具有里程碑意义的境外债务重组，重组债务金额超过115亿美元。根据世茂集团公告，重组生效日期落实为2025年7月21日。中伦在本项目中作为中国法律顾问代表贷款银行协调委员会（“重组协调委员会”）。

Zhong Lun advised the co-ordination committee of lenders (“CoCom”) as its PRC legal counsel on the successful restructuring of over USD 11.5bn in offshore debt for Hong Kong-listed Shimao Group Holdings Limited (“Shimao”). This landmark restructuring was achieved through a court-sanctioned Hong Kong scheme of arrangement. According to the announcement made by Shimao, the restructuring effective date occurred on July 21, 2025.

世茂集团是中国大陆大型住宅、酒店和商业地产开发商和管理公司，在香港拥有大量投资，公司和债务结构复杂。受多重因素叠加影响，世茂集团于2022年初开始与其银行贷款人和债券持有人洽谈，寻求对债务进行全面重组。本重组项目是中国大陆主要房地产开发商通过法定程序与债权人洽谈的首批重组项目之一，整个项目结构非常复杂，重组耗时超过3年。

Shimao is a substantial Chinese residential, hotel, and commercial property developer and manager with significant investments in Hong Kong and a complex corporate and debt structure. The group’s operations were severely impacted by multiple factors, leading Shimao to reach out in early 2022 to its bank and bondholder creditors to discuss a general restructuring of its indebtedness. This mandate stands as one of the first major projects where a prominent Chinese property developer engages with its creditors on a structured basis, and due to its complexity, the restructuring took over three years to reach a successful conclusion.

中伦担任重组协调委员会的中国法律顾问，与其境外法律顾问及财务顾问密切合作，共同完成全面重组方案。本项目由合伙人张文勇负责，项目组核心成员还包括非权益合伙人涂浩。

Zhong Lun, as the CoCom’s PRC legal counsel, collaborated closely with its offshore legal counsel and financial advisors to drive forward the general restructuring process. This project was led by Wenyong (Michael) Zhang, a partner of the firm’s Beijing Office, and key team members included non-equity partner Hao Tu.

除世茂集团外，中伦还参与其他多家大型房地产公司的境外债务重组，包括于今年获香港法院认许的远洋集团控股有限公司境外债务重组。同时中伦也正在参与数家跨国公司根据域外法律进行的债务重组，包括根据美国破产法第11章进行的债务重组。

In addition to Shimao, Zhong Lun has also participated in the offshore debt restructuring of many other large-scale real estate companies, including the offshore debt restructuring of Sino-Ocean Group Holding Limited that was sanctioned by the Hong Kong court this year. Meanwhile, Zhong Lun is participating in the debt restructuring of several multinational companies under extraterritorial laws, including those conducted under Chapter 11 of the United States Bankruptcy Code.

张文勇 律师

北京办公室 合伙人

业务领域：融资业务，私募股权和投资基金，跨境投资并购

行业领域：矿产资源，能源和电力，银行业和金融服务

涂浩 律师

北京办公室

非权益合伙人

业务领域：融资业务，私募股权和投资基金，跨境投资并购