Legal Advisor to Citic Holding If Group Baidu Takes on a $770M Project DEAL BRIEF COMMENTS: AVOCOM LAW FIRM LLP ADVISORS Citic Holding If Group is an independent investment company based in Delaware, USA. Trading Co is a vehicle company linked to the Chinese giant, Baidu Inc, listed on Nasdaq for the implementation of a $770 million financial protocol. The aim with this project is to develop IT activities, particularly in the AI sector. Avocom Law Firm LLP acted as global counsel to Citic Holding If Group throughout this project. Prof. Francesco del Bene, Managing Partner, and Prof. Piergiorgio Casati, Senior Partner and Director of the Corporate practice in Avocom Law Firm LLP’s London office, commented: “Working on matters of this scale and complexity, involving not just our Corporate Department but there was also full interaction with the Banking & Finance and Project Finance Departments, and with the business partners of Abu Dhabi and Dubai for aspects related to the implementation of financing. This deal testifies once again to the absolute consolidation of our position as leading law firms of reference for prominent multinationals operating in various industrial and commercial sectors, some of which, as in the species, are listed on the most prestigious stock markets and listed by Fortune 500.” www.minterellison.com 62 LAWYER MONTHLY MARCH 2025
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