Esther E.J. Sohn 

Esther E.J. Sohn

Vancouver
Royal Centre, Suite 1500
1055 West Georgia Street, PO Box 11117
Vancouver, British Columbia V6E 4N7

t: 604.893.2349
e: esther.sohn@mcmillan.ca

overview

Esther E.J. Sohn is a Counsel in the Financial Services Group and practices in McMillan’s Vancouver office. Her practice focuses on a broad range of financial transactions, including syndicated financing, secured lending, cross-border asset and project finance transactions, infrastructure and PPP transactions, restructuring, refinancing and debt modification as well as corporate and commercial transactions.

Esther has represented a variety of financial institutions, multinational corporations, export credit agencies, lessors, lessees, project companies and sponsors from different countries, and has substantial experience in preparing, negotiating and managing various types of credit facility agreements, loan and security agreements, and equity-financing documents.

In particular, Esther worked on various refinancing and sale of non-performing loans, debt modification for a hydro-electric power company in Philippines, Economic Development Board of Singapore’s capital assistance loan-backed guarantee project financing transaction and different infrastructure projects in Korea for army facilities acting for international financial institutions and strategic financial investors.

Esther has an exceptional commitment for excellence based on a client-centered and strong service mindset. In particular, she takes pride in being very thorough, responsive and proactive to ensure efficient and seamless management of each project. As a native Korean speaker with substantial experience and knowledge in multiple jurisdictions including Canada, U.K., Singapore and Korea, Esther brings international expertise and insight, and endeavors to facilitate and strengthen the firm’s growing practice within Canada as well as internationally.

Following her articles with a national law firm in Toronto, Esther worked at premier U.K. law firms in Singapore since 2006 and one of the top five law firms in South Korea where she managed numerous cross-border debt and equity financing transactions. She subsequently returned to Vancouver and has been acting for various Canadian financial institutions, corporate borrowers, security providers and start-ups.  

Representative Matters

  • Represented Deutsche Bank in connection with US$30 million K-sure Covered Secured Term Facility provided to E-land Asia Holdings Pte. Ltd. guaranteed by E-land World Limited.
  • Represented BMW Group and BMW Financial Services Korea on the issuance of KRW130 billion unsecured bonds.
  • Advised Ernst & Young, Singapore in connection with the proposed sanctions by and review hearings at the Financial Supervisory Commission of South Korea.  
  • Advised a leading power company in Korea on its JPY14.8 billion financing from KDB, on-lent from Japan Bank for International Cooperation, Mizuho Corporate Bank, Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • Advised KEXIM in connection with US$470,743,000 financing of the four container vessels under the French Tax Lease structure provided to CMA CGM SA by BNP Paribas, CM-CIC and KEXIM.
  • Acted for Korea Development Bank (KDB) in relation to the establishment of the Volcker Rule Compliance Program.
  • Represented Stokke Holdings AS regarding the senior term and revolving facilities guaranteed by Stokke Korea Co., Ltd. and related intercompany loan arrangements.
  • Represented Starkist Co. in connection with US$230million senior loan facility provided by a syndicate of lenders guaranteed by Dongwon Enterprise Co., Ltd.
  • Represented Chenavari Investment in connection with the sale of non-performing loan to Taeheung.
  • Advised National Pension Service (NPS) regarding the issuance of US$125million Class A5 Notes by Acushnet Company whereby a portion of such notes were acquired via a trust based in Korea.
  • Advised Lotte Shopping Co., Ltd. in connection with its issuance of KRW321,200,000,000 US$-Settled Zero Coupon Exchangeable Bonds, with the concurrent securities lending transactions entered into with each of the joint lead managers with the intermediation of Woori Investment & Securities Co., Ltd.
  • Represented Nonghyup Bank in connection with various credit facilities provided by foreign banks including Commerzbank AG, SMBC and ING.
  • Represented MetLife in connection with its up to KRW20billion participation in the army BTL project in Paju, Korea.
  • Represented Hyundai Capital Services, Inc. in connection with various corporate financing provided by foreign banks including Bank of America, N.A.
  • Advised Hana Bank its issuance of THB8billion notes arranged by Standard Chartered Bank (Thai) Public Company Limited and Kasikornbank Public Company Limited.
  • Acted for Unison Capital of Japan relating to the acquisition of Gongcha Korea.
  • Represented equity investors in relation to the acquisition of one of the top five coal producers in Indonesia with an enterprise value of US$1,180 million by way of acquiring various intermediary holding companies in BVI, Indonesia, Netherlands, Malta, Seychelles and Singapore.
  • Represented mandated lead arrangers of a syndicate of 15 lenders in connection with the S$661 million guarantee project financing of a 300 mm wafer fabrication plant in Singapore, supported by a capital assistance loan from the Economic Development Board, Singapore.
  • Represented a hydro-electric power company in the Philippines in relation to refinancing of debt service reserve facility and debt modification.

News

McMillan LLP Announces Further Growth of its Korea Practice Group

Education

  • University of British Columbia, LL.B. - 2005
  • Ontario Institute for Studies in Education, M.A. - 2002
  • Magna Cum Laude, Ewha Womens University, B.A. (Education) - 1997

Year Of Call

  • Called to the British Columbia bar - 2019
  • Called to the Ontario bar - 2006

Practices

capital markets
corporate finance
cross-border restructuring
financial services
lending syndicates/secured creditors
project finance
public m&a
public-private partnerships
South Korea
real estate financing
secured lending and syndicated finance

Industries

banking, finance and insurance
commercial real estate
infrastructure
investments
marine
public-private partnerships
service industries

Directorships and Professional Associations

  • Canadian Bar Association

Awards & Rankings

  • Bull Housser & Tupper Academic Award in Technology Law
  • Jongman Kim Memorial Academic Award in Korean Legal Studies
vcard

Esther E.J. Sohn is a Counsel in the Financial Services Group and practices in McMillan’s Vancouver office. Her practice focuses on a broad range of financial transactions, including syndicated financing, secured lending, cross-border asset and project finance transactions, infrastructure and PPP transactions, restructuring, refinancing and debt modification as well as corporate and commercial transactions.

Esther has represented a variety of financial institutions, multinational corporations, export credit agencies, lessors, lessees, project companies and sponsors from different countries, and has substantial experience in preparing, negotiating and managing various types of credit facility agreements, loan and security agreements, and equity-financing documents.

In particular, Esther worked on various refinancing and sale of non-performing loans, debt modification for a hydro-electric power company in Philippines, Economic Development Board of Singapore’s capital assistance loan-backed guarantee project financing transaction and different infrastructure projects in Korea for army facilities acting for international financial institutions and strategic financial investors.

Esther has an exceptional commitment for excellence based on a client-centered and strong service mindset. In particular, she takes pride in being very thorough, responsive and proactive to ensure efficient and seamless management of each project. As a native Korean speaker with substantial experience and knowledge in multiple jurisdictions including Canada, U.K., Singapore and Korea, Esther brings international expertise and insight, and endeavors to facilitate and strengthen the firm’s growing practice within Canada as well as internationally.

Following her articles with a national law firm in Toronto, Esther worked at premier U.K. law firms in Singapore since 2006 and one of the top five law firms in South Korea where she managed numerous cross-border debt and equity financing transactions. She subsequently returned to Vancouver and has been acting for various Canadian financial institutions, corporate borrowers, security providers and start-ups.  

  • Represented Deutsche Bank in connection with US$30 million K-sure Covered Secured Term Facility provided to E-land Asia Holdings Pte. Ltd. guaranteed by E-land World Limited.
  • Represented BMW Group and BMW Financial Services Korea on the issuance of KRW130 billion unsecured bonds.
  • Advised Ernst & Young, Singapore in connection with the proposed sanctions by and review hearings at the Financial Supervisory Commission of South Korea.  
  • Advised a leading power company in Korea on its JPY14.8 billion financing from KDB, on-lent from Japan Bank for International Cooperation, Mizuho Corporate Bank, Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • Advised KEXIM in connection with US$470,743,000 financing of the four container vessels under the French Tax Lease structure provided to CMA CGM SA by BNP Paribas, CM-CIC and KEXIM.
  • Acted for Korea Development Bank (KDB) in relation to the establishment of the Volcker Rule Compliance Program.
  • Represented Stokke Holdings AS regarding the senior term and revolving facilities guaranteed by Stokke Korea Co., Ltd. and related intercompany loan arrangements.
  • Represented Starkist Co. in connection with US$230million senior loan facility provided by a syndicate of lenders guaranteed by Dongwon Enterprise Co., Ltd.
  • Represented Chenavari Investment in connection with the sale of non-performing loan to Taeheung.
  • Advised National Pension Service (NPS) regarding the issuance of US$125million Class A5 Notes by Acushnet Company whereby a portion of such notes were acquired via a trust based in Korea.
  • Advised Lotte Shopping Co., Ltd. in connection with its issuance of KRW321,200,000,000 US$-Settled Zero Coupon Exchangeable Bonds, with the concurrent securities lending transactions entered into with each of the joint lead managers with the intermediation of Woori Investment & Securities Co., Ltd.
  • Represented Nonghyup Bank in connection with various credit facilities provided by foreign banks including Commerzbank AG, SMBC and ING.
  • Represented MetLife in connection with its up to KRW20billion participation in the army BTL project in Paju, Korea.
  • Represented Hyundai Capital Services, Inc. in connection with various corporate financing provided by foreign banks including Bank of America, N.A.
  • Advised Hana Bank its issuance of THB8billion notes arranged by Standard Chartered Bank (Thai) Public Company Limited and Kasikornbank Public Company Limited.
  • Acted for Unison Capital of Japan relating to the acquisition of Gongcha Korea.
  • Represented equity investors in relation to the acquisition of one of the top five coal producers in Indonesia with an enterprise value of US$1,180 million by way of acquiring various intermediary holding companies in BVI, Indonesia, Netherlands, Malta, Seychelles and Singapore.
  • Represented mandated lead arrangers of a syndicate of 15 lenders in connection with the S$661 million guarantee project financing of a 300 mm wafer fabrication plant in Singapore, supported by a capital assistance loan from the Economic Development Board, Singapore.
  • Represented a hydro-electric power company in the Philippines in relation to refinancing of debt service reserve facility and debt modification.