Hogan Lovells Advises Republic of Ecuador in its US$509 Million Loan from Chexim
Hogan Lovells advised the Republic of Ecuador in the negotiation of a US$509 million facility agreement that was executed by the Export-Import Bank of China (Chexim) and the Ministry of Finance of Ecuador. Under the agreement, Chexim granted a loan to be used for the construction of the 500Kv transmission lines, which are strategically required to connect the three mega hydroelectric projects currently being built in Ecuador by Chinese construction companies.