Edwin Leung

• Advised Sino-Ocean Group Holding Limited on the successful restructuring of its approximately US$6 billion offshore debt. This is a significant milestone in the real estate industry as it is the first restructuring of a Chinese real estate group to be implemented under an English Restructuring Plan. The restructuring was implemented using a Part 26A RP in the United Kingdom and an interconditional and partially overlapping scheme of arrangement in Hong Kong.
• Advised Zhongliang Holdings Group Company Limited on the successful restructuring of its approximately US$1.2 billion of offshore debt. The complex transaction was implemented through a scheme of arrangement in Hong Kong. The Hong Kong judgment sanctioning the scheme of arrangement is reported as [2024] HKCFI 808.
• Advised Sunac China Holdings Limited (Sunac) in the restructuring of its US$10.2 billion offshore debt. It is the largest offshore restructuring transaction completed by a Chinese property group and it achieved both the highest supporting rate and the highest deleveraging ratio of recent offshore schemes in this sector. The deal was recognized as the “Restructuring Deal of the Year” by IFLR Asia-Pacific Awards 2024. The deal also won the “Asia-Pacific Restructuring” award at International Financing Review’s IFR Awards 2023 and the “Turnaround Deal” award at the IFR Asia Awards 2023.
• Acted for Leading Holdings Group Limited in striking out a winding-up petition on the grounds that the petitioner, an investor of a publicly issued U.S.-dollar-denominated notes issued by a Hong Kong listed and held on a “global notes structure,” lacked standing to present the Petition.  The decision has far-reaching implications. This is the first occasion a Hong Kong court has had to decide the issue of standing of an investor of a global note to present a winding-up petition as a contingent creditor.
• Advising several major PRC real estate conglomerates in regard to winding up proceedings, and restructuring and insolvency related matters.  
• Advising a major PRC real estate company on the scheme of arrangement of its offshore indebtedness in the Hong Kong Court.
• Advising a bank group on the restructuring of a Bermuda-incorporated, Hong Kong-listed and PRC-based premium menswear manufacturing and retailing company and its relevant insolvency proceedings.
• Advising insolvency practitioners on the restructuring of a Cayman Islands-incorporated and Hong Kong-listed media and publishing company.
• Advising creditors on the application of appointment of provisional liquidators against a Cayman Islands-incorporated, Hong Kong-listed and PRC-based paper manufacturing company, and advising the court-appointed insolvency practitioners on the ancillary court applications.
• Advising a bank syndicate on the enforcement action against a PRC-based hydropower company.

*Includes matters worked on prior to joining Sidley.