Carey counsels Bank of China on $160m Australis Mar loan

Carey has counselled Bank of China, Macau Branch, as lender on a credit agreement for up to $160 million granted to Chilean seafood producer Australis Mar.

The transaction was set up by means of a private instrument entered into abroad and governed by the laws of England, to finance the borrower’s exports.



Carey acted as local counsel to Bank of China, while Clifford Chance acted as international counsel to Bank of China, and Chilean law firm Cariola Diez Pérez-Cotapos acted as local counsel to the debtor.



Carey’s team was led by partner Felipe Moro, with associates Fernando Noriega, Diego Lasagna, and Kriss Andia.