FWD: FW: CMBC & AMKODOR Financing - Legal Fees [SORAINEN-L.FID1194750]
Вершина Владимир <>
9/27/2018, 4:31 PM
"lemaxi0910" <>

С уважением,­
Вершина Владимир Георгиевич
+375 (29) 643 69 09 (моб.)
+375 (17) 308-32-44

-------- Пересылаемое сообщение --------
От: Ann Laevskaya | Sorainen <>
Дата: 27.09.2018, 17:12
Кому: Вершина Владимир <>, Igor Kajuda ( <>
Копия: Kiryl Apanasevich | Sorainen <>
Тема: FW: CMBC & AMKODOR Financing - Legal Fees [SORAINEN-L.FID1194750]

Владимир, Игорь, добрый день!


Пересылаю новое письмо от банка, в копии которого вы не стояли. Пожалуйста, сообщите, какова позиция по этому вопросу.


С уважением,



Анна Лаевская
Старший юрист, к.ю.н.



+375 17 306 2102


+375 29 347 7703


+375 17 306 2079

ул. Интернациональная 36-1
220030 Минск, Беларусь

Данное электронное письмо является конфиденциальным, и использование информации, содержащейся в нем, ограничено определенными условиями. Подробнее.



From: <>
Sent: Thursday, September 27, 2018 11:49 AM
To: Ann Laevskaya | Sorainen <>; 'zhoujb' <>
Cc: 'zhouh' <>; 'Denis Bogdanov | REVERA' <>; Kiryl Apanasevich | Sorainen <>; Olga Mironova ( <>
答复: CMBC & AMKODOR Financing - Legal Fees [SORAINEN-SLOG1.FID1194750]


Dear Ann,


We are currently working on the engagement letter with Revera. Because if we directly engage Revera, the payment will be subject to Chinese tax regime.

Based on our preliminary estimation,  there will be VAT (6% of the legal fee), withholding tax (10% of the legal fee) and city construction tax and education supplementary tax(12% of the VAT).


Could you kindly confirm with Amkodor if they are OK with these tax payment? Please be noted the final tax amount will be subject to local tax authoritys requirement.


Thank you very much.



Guo Ming


发件人: Ann Laevskaya | Sorainen <>
发送时间: 201889 19:19
收件人: guoming <>; zhoujb <>
抄送: zhouh <>; Denis Bogdanov | REVERA <>; Kiryl Apanasevich | Sorainen <>; Olga Mironova ( <>
主题: RE: CMBC & AMKODOR Financing - Legal Fees [SORAINEN-SLOG1.FID1194750]


Dear Guo,


Thank you for your e-mail.


In correspondence with Jingbo we discussed only the direct payment to the bank’s legal counsels by Amkodor.


You mentioned the option of “payment from Junhe”. Do you mean the set-up under which (i) the bank engages Junhe; (ii) Junhe engages Revera; (iii) Junhe receives payments with respect to the services of both Junhe and Revera from the bank; and (iv) the bank receives reimbursement of legal fees from Amkodor. If so, this set-up should work for Amkodor, unless this structure leads to increase of expenses related to legal fees. If any additional cost is involved, Amkodor needs to know the amount of cost to make the final decision.


Kind regards,



Ann Laevskaya
Senior Associate



+375 17 306 2102


+375 29 347 7703


+375 17 306 2079

ul Internatsionalnaya 36-1
220030 Minsk, Belarus

This e-mail is confidential and is subject to disclaimers.



From: guoming <>
Sent: Thursday, August 9, 2018 12:40 PM
To: Ann Laevskaya | Sorainen <>; zhoujb <>
Cc: zhouh <>; Denis Bogdanov | REVERA <>; Kiryl Apanasevich | Sorainen <>; Olga Mironova ( <>
Subject: Re: RE: CMBC & AMKODOR Financing - Legal Fees [SORAINEN-L.FID1194750]


Dear Ann,

Can youp please kindly help to advise why the direct payment or payment from Junhe are not workable? I need to know the exact reason to report internally since it's not normal market practice. 



Guo Ming  CFA

Global Finance, China Minsheng Banking Co.. Ltd

Add: No. 28, Xirongxian Ave, Xicheng District, Beijing, China P.R.

Tel: +86 (10) 5636 8215

Mob:+86 138 1056 5565

Fax: +86 (10) 56368234




Date: 2018-08-08 15:43

Subject: RE: CMBC & AMKODOR Financing - Legal Fees [SORAINEN-L.FID1194750]

Dear Jingbo,


We discussed with Amkodor the options of direct payment to the lender’s counsels. From Belarusian law perspective both proposed option are not workable for Amkodor. We believe this issue has already been under discussion, at least in respect of the Belarusian legal counsel engagement. Would you please liaise with the bank to initiate engagement letters approval/signing?


On a separate note, we were informed that you are prepared to discuss the provisions of the Facility Agreement related to tax withholdings. Would it be feasible for you to have a call regarding this issue at 12:00 Minsk time?


Kind regards,


From: ZhouJingbo []
Sent: Wednesday, August 8, 2018 4:33 AM
To: Ann Laevskaya | Sorainen <>
Cc: Nelson Zhou <>; '郭明-民生银行' <>; Denis Bogdanov | REVERA <>
Subject: CMBC & AMKODOR Financing - Legal Fees


Dear Ann,


We understand that the borrower proposed that all legal fees will be paid to the bank and the bank will forthwith pay to its respective counsels. The bank will also be required to enter into engagement letters with the counsels.


We have talked to the bank today and please note this approach would be time-consuming, as its internal approval takes time in respect of the signing of engagement letter which may delay the signing or drawdown.


Please confirm: (1) if there is any local law restrictions on signing engagement let with lender’s counsels and paying the fees directly; (2) if there are restriction, can we (being authorized by the bank) receive the full payments (including legal fees for Revera) on behalf of the bank. We will then pay the legal fees to Revera as our disbursement. Please note however such payment will be subject to additional 6% PRC tax so there will incur additional costs to the borrower (e.g., the fee is USD 100 but we have to bear USD 106 with 6 to the tax authority, the excess of which is expected to be reimbursed by the borrower).


If both of the above options are not feasible, we will liaise with the bank to initiate its internal process. Your prompt response is highly appreciated.


Best regards,



Jingbo Zhou | 周静波

Associate | 律师

26/F HKRI Centre One, HKRI Taikoo Hui, 288 Shimen Road (No.1), Shanghai 200041, PRC


D: +86 21 2208 6170

F: +86 21 5298 5492


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