On July 6th 2011, Mr. Tom Budgett, Senior Partner of Berwin Leighton Paisner, and Li Chengrong, Associate & Chinese Law Consultant of Berwin Leighton Paisner, Peter Nutt and Chris Taylor from Spectrum Capital London Limited, came to visit Shanghai International Shipping Institute (SISI).
Li Gang, Deputy Secretary General of Shanghai International Shipping Institute, Zhang Jieshu, Director of Shipping Market Analysis Department, and Angela from the International Cooperation Department of SISI, received the British guests.
After a brief introduction of each other’s institutions, Tom Budgett and Peter Nutt introduced a sophisticated leverage leasing product designed and implemented by Spectrum Capital. According to them, the structural financing instrument features tax benefits to all parties involved and enjoys a greater penetration rate than the KG model which is a hot spot for discussion in China at present.
Li Gang said that it is our shared wish to promote here in China such a proven practice, and the job may be done starting from holding tutorials to let more people, especially industrial players know about the product.
The two parties have reached consensus that lectures to introduce and promote the leverage leasing product may be held between September and October this year.
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