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Tsingshan Banks Hire Linklaters to Advise on Nickel Rescue Deal

March 30, 2022, 3:08 PM

Linklaters is advising a consortium of banks including JPMorgan Chase & Co. and Standard Chartered Plc on a high-stakes agreement struck with Tsingshan Holding Group earlier this month after the nickel giant was embroiled in an unprecedented short squeeze.

The firm is acting as the legal representative for the group of banks, which is led by JPMorgan and also includes BNP Paribas SA, CCB International Holdings, and ICBC Standard Bank Plc, according to people familiar with the matter, who asked not to be identified discussing private information.

When nickel prices surged earlier this month, Tsingshan had difficulty making cash payments ...