We acted as legal counsel for the seller of a percentage of shares in a limited partnership interest in Upsilon Investment Limited Partnership, a Japanese company which purchase price will be paid in instalments.
We are advising the seller in the structuring of the security package of the purchase price which include an irrevocable first-rank pledge over a certain number of shares in Minera Boroo Misquichilca S.A. in favor of the Seller and a usufruct agreement as part of the structure. Currently it is being evaluated if the security package will be shared with other creditors of the buyer or if will have independent security packages. Our advisory included reviewing all documents from the local legal perspective including the share purchase agreement, engagement letters and the local law documents.
