初始化-焊枪
Chongqing
××
Law Firm
重庆××律师事务所
HAOWAY
INVESTMENTS LIMITED Unregistered
Senior
Secured Debt Securities
关于豪威投资有限公司未登记优先担保债券的
Attorney
’
s
Opinions
法律意见书
Doc. No:
××
[2007]
001
××债律字
[2005]
第<
/p>
Z/Y/001
号
Chongqing, P. R. China
中国·重庆
March 17,
2007
二零零七年三月十七日
Chongqing
×
×
Law Firm
重庆
×
×
律师事务所
Re: HAOWAY INVESTMENTS LIMITED
Unregistered Senior Secured Debt
Securities
关于豪威投资有限公司未登记优先担保债券的
Attorney Opinion Letter
法律意见书
Dated on March 17, 2007
二
OO
七年三月十七日
Gentleman or Madam,
敬启者:
We, attorneys of Chongqing
×
×
Law Firm, represents
HAOWAY
INVESTMENT LIMITED (HAOWAY) and
Chongqing Gaoshan Real Estate
Development Co. Ltd. (GAOSHAN) (our
Clients), deliver our opinion as
follows:
重庆
×
×
律师事务所(以下简称
“
本所
”
)受豪威公司(以下简称<
/p>
“
豪威公司
”
)的
委托,就豪威公司未登记优先担保债券涉及的法律问题出具
法律意见书。
According to (a)
t
he European Parliament?s Purvis
Report; (b) the Post
-FSAP
Report on Asset Management; (c) CESR?s
mandate for the Asset Management
Experts Group; (d) the IOSCO report on
“Issues Arising from the Participation
of Retail Investors in Hedge Funds” (e)
Article
2 of Directive 2001/108/EC
(amending the UCITS [Undertakings for
Collective Investment in
Transferable
Securities” or “UCITS investment fund”] directive
85/611 on
investments), we delivered
these opinions based on the accepted professional
standards and regulations and on the
principles of due diligence:
Page 2 of 16
根据
(a)
欧洲议会的《
Purvis
报告》,
(b)
< br>《关于资产管理的后
FSAP
报告》,
< br>(c)
欧洲证券管理委员会对于资产管理专家小组的强制要求,
(d)
国际证监会组织关
于
“
零散投资人参与对冲基金有关问题
”
的报告,
(e)
欧盟第
2001/108/EC
号指令
第
2
条(关于
修订
UCITS [
可转让证券集合投资事业,也称证券投资基
金
]
投资的
第
85/611
号指令等有关法律法规的规定,
本所按照律师行业
公认的业务标准、
道
德规范和勤勉尽责的精神出具本法律意见书
。
As for this document, we hereby make
following representations:
对本所出具的本法律意见书,本所律师特作如下声明:
1.0
The basic legal requirements of these
opinion include (a) the
European
Parliament?s Purvis Report; (b) the
Post
-FSAP Report on Asset
Managemen
t; (c) CESR?s
mandate for the Asset Management Experts
Group; (d) the IOSCO report on “Issues
Arising from the Participation of
Retail Investors in Hedge Funds” (e)
Article 2 of Directive 2001/108/EC
(amending the UCITS [Undertakings for
Collective Investment in
Transferable
Securities” or “UCITS investment fund”] directive
85/611 on
investments). And we
delivered these opinions with the existing facts
and
laws or regulations on or before
the 5
th
day of March, 2007.
本所律师依据
(a)
欧洲议会的
p>
《
Purvis
报告》
,
(b)
《关于资产管理的后
F
SAP
报告》
,
(c)
欧洲证券管理委员会对于资产管理专家小组的强制要求,
(d)
国
际证监会组织关于
“
零散投资人参与对冲基金有关问题
”
的报告,
(e)
欧盟第
2001/108/EC
号指令第
2
条(关于修订
UCITS [
可转让证券集合投资事业,也
称证券投资基
金
]
投资的第
85/611
号指令及本法律意见书出具日以前已经发
生或存在的事实以及法律、法规的
有关规定发表法律意见。
2.0
HAOWAY pledges for supply
of all facts, materials and testimonies
which might be used for the background
for these opinions, and further
guarantees the truthfulness, integrity
and accuracy thereof with no major
Page
3 of 16
misrepresentations. Any copies thereof
shall be the same with the
originals.
豪威公司保证已经提供了本所律师认为作为出具本法律意见书
所必需的全部
有关事实材料、副本材料或者口头证言,且保证所提供材料的真实性、完整
性和准确性,
无重大遗漏及误导性陈述,
所提供的复印件与原件具有一致性。
3.0
We merely
deliver these opinions regarding Unregistered
Senior
Secured Debt Securities of
HAOWAY. Any data, information and
conclusion of relevant reports and
documents by other institutes involved
shall not be commented by this Firm.
本所律师仅就与豪威公司未登记优先担保债券涉及的有关法律
问题发表法律
意见。本法律意见书涉及到其他中介机构出具报告及相关文件中数据、意见
及结论之处均为严格引述,并不表明本所及本所律师对这些数据、意见及结
论的任何评价。
4.0
For any
major facts without evidences, we make these
opinions
according to the
representations of our Clients.
在本法律意见书
出具过程中,对于那些对本法律意见书至关重大但已无法得
到直接独立的证据支持的事实
,本所律师依据委托人的有关陈述出具相关的
法律意见。
5.0
We do agree that HAOWAY may
make reference to the opinion or
conclusion of these opinions in
Offering Memorandum of Unregistered
Senior Secured Debt Securities and any
other documents. However, no
reference
shall be made in misleading way. Unless otherwise
addressed
herein, all the terms in
these opinions shall be used, defined and
explained
in the same meaning of those
in Offering Memorandum.
本所律师同意豪威公司在豪威公司未登记优先担保债券募集说
明书中引用本
Page 4 of 16
法律意见书的有关意见及结论,但该引述不应采取任何可能导
致对本法律意
见书的理解出现偏差的方式进行。除非另有说明,本法律意见书和豪威公司
未登记优先担保债券发行中使用、定义及解释的所有术语具有相同含义。
6.0
These opinions shall be
only used for Unregistered Senior Secured
Debt Securities of HAOWAY. Any other
purposes shall not be permitted.
We
agree to report these opinions attached with other
required legal
documents and to be
responsible for these opinions.
本法律意见书仅供豪威公司未登记优先担保债券之目的使用,不得用作任何
其
他目的。本所律师同意将本法律意见书作为豪威公司未登记优先担保债券
所必备的法定文
件,随其他申请材料一起上报,并依法对本法律意见所出具
的法律意见承担责任。
We hereby make following
attorney
?s opinions for Unregistered
Senior
Secured Debt Securities of
HAOWAY:
本所律师现就豪威公司
未登记优先担
保债券涉及的相关法律问题,出具如下法
律意见:
7.0
HAOWAY is in good standing
under the laws of the jurisdiction
of
its
incorporation,
has
been
duly
incorporated,
is
validly
existing
as
a
corporation
with corporate power and authority to own its
property and to
conduct
its
business
as
described
in
the
Offering
Documents
and
is
duly
qualified
to
transact
business
and
is
in
good
standing
in
the
State
of
its
formation;
豪威
公司是依法正式成立并有效存续的法人,
符合其管辖地法律的各项规定,
它有权力和授权拥有自有财产和开展发行文件所述的业务,有充分的资格进
行交
易,符合其成立所在州的法律。
8.0
The
Commitment
Letter
has
been
duly
authorized,
executed
and
delivered by HAOWAY;
Page 5 of 16
豪威公司已适当授权、签署和交付《承诺书》;
9.0
UNREGISTERED
SENIOR
SECURED
DEBT
SECURITIES
has
been
duly
authorized,
executed
and
delivered
by
HAOWAY
and,
assuming
the
due
authorization, execution and delivery by
Bordier, Cosba and Laroche Ltd.
(“BCLL”)
,
is
a
valid
and
binding
agreement
of
HAOWAY,
enforceable
in
accordance
with
its
terms except
as
(i)
the
enforceability
thereof
may
be
limited
by
bankruptcy,
insolvency
or
similar
laws
affecting
creditors'
rights
generally
and
(ii)
rights
of
acceleration
and
the
availability
of
equitable
remedies
may
be
limited
by
equitable
principles
of
general
applicability;
豪威公司已适当授权、
签署和交付
《未登记优先担
保债券》,
如果得到
BCLL
公司的适
当授权、签署和交付,则成为豪威公司的合法有效协议,可以据其
条款实施,以下情况除
外:
(i)
其实施受到破产法、停业清理法或其他影响债
券人一般权利的法律限制,以及
(ii)
要
求加速还款的权利与可获得的衡平救
济可能受制于一般适用的衡平救济原则;
10.0
The
Offered
Securities
have
been
duly
authorized;
the
Offered
Securities
have
been
executed
and,
assuming
they
have
been
duly
authenticated
by
a
duly
authorized
officer
of
HAOWAY,
delivered
by
HAOWAY;
the
Offered
Securities
constitute,
when
executed,
authenticated,
issued and delivered in the manner provided
in the Terms
Agreement
and
sold
pursuant
to
Resale
Contracts,
will
constitute,
valid
and binding obligations of HAOWAY,
enforceable in accordance with their
respective terms except as (i) the
enforceability thereof may be limited by
bankruptcy, insolvency or similar laws
affecting creditors' rights generally
and
(ii)
rights
of
acceleration
and
the
availability
of
equitable
remedies
may be limited by equitable principles
of general applicability;
发行证券已经获得适当授权与
执行,并已经得到有适当授权的豪威公司官员
证实并交付;发行证券在以《条款协议》规
定的方式执行、证实、发行和交
付,并已依照转售合同售出,则成为豪威公司的合法有效
合同,可以据其各
Page 6 of 16
自条款实施,以下情况除外:
(i)
其实施受到破产法、停业清理法或其他影响
债券人一般权利的法
律限制,以及
(ii)
要求加速还款的权利与可获得的衡平<
/p>
救济可能受制于一般适用的衡平救济原则;
11.0
The
execution
and
delivery
by
HAOWAY
of
the
Commitment
Letter,
UNREGISTERED
SENIOR
SECURED
DEBT
SECURITIES,
the
Terms
Agreement (when
executed and delivered) the Offered Securities,
and the
performance by HAOWAY of its
obligations under the Commitment Letter
(including the provisions of
UNREGISTERED SENIOR SECURED
DEBT
SECURITIES),
Terms
Agreement,
the
Offered
Securities
will
not
contravene any provision of applicable
law that we has, in the exercise of
customary professional diligence,
recognized as applicable to HAOWAY or
any
of
its
subsidiaries
or
to
transactions
of
the
type
contemplated
by
the
Commitment
Letter
(including
the
provisions
of
UNREGISTERED
SENIOR
SECURED
DEBT
SECURITIES),
or
the
certificate
of
incorporation
or
by-laws
of
HAOWAY
or,
to
the
best
of
our
knowledge,
any agreement or other instrument
binding
upon
HAOWAY or any
of
its
subsidiaries
that
is
material
to
HAOWAY
and
its
subsidiaries
taken
as
a
whole,
or, to the best of
our knowledge, any judgment,
order or
decree of
any
governmental
body,
agency
or
court
having
jurisdiction
over
HAOWAY
or
any
subsidiary,
and
no
consent,
approval,
authorization
or
order
of,
or
qualification
with,
any
governmental
body
or
agency
is
required
for
the
performance
by
HAOWAY
of
its
obligations
under
the
Commitment
Letter
(including
the
provisions
of
UNREGISTERED
SENIOR SECURED
DEBT SECURITIES), The Terms Agreement,
and the
Offered Securities.
豪威公司签署与交付《承诺书》、《未登记担保优先债券》、拟发行证券之
《条款协议》
(在被执行和交付的情况下)
,
履行豪
威公司在
《承诺书》
(及
《未登记担保
优先债券》条款)、《未登记担保优先债券》、拟发行证券之
《条款协议》项下的义务,
不会违反本所律师在正常执业过程中认为适用于
豪威公司或其子公司的法律;或《承诺书
》(及《未登记担保优先债券》条
款)或豪威公司章程、或豪威公司议事程序;或据本所
律师所知对豪威公司
Page 7 of 16
及其子公司整体有重大意义的有效协议或契约;或据本所律师
所知与判断,
任何政府组织、机构或对豪威公司及其子公司有管辖权的法庭颁布的法令或
指令,不要求豪威公司履行其在《承诺书》(及《未登记担保优先债券》条
款)、《条款协议》、拟发行证券项下的义务时,需要获得该政府组织、机
构
的同意、批准、授权或命令以及资格认定。
12.0
To
the
best
of
our
knowledge,
neither
HAOWAY
nor
any
of
its
subsidiaries
has
received
any
notice
of
infringement
of
or
conflict
with
asserted
rights
of
others
with
respect
to
any
intellectual
property
rights
employed by them in
connection with the business operated by HAOWAY
or
its
subsidiaries
which,
singly
or
in
the
aggregate,
if
the
subject
of
an
unfavorable
decision,
ruling
or
finding,
would
result
in
any
material
adverse
change,
or
notice
of
any
other
development
with
respect
to
the
foregoing involving a prospective
material adverse change in the condition,
financial
or
otherwise,
or
in
the
earnings,
business
affairs
or
business
prospects
of
HAOWAY
and
its
subsidiaries,
taken
as
a
whole,
except
as
may be
disclosed in writing by HAOWAY to, and accepted
for exclusion by,
the Underwriters;
据本所律师所知,豪威公司或其子公司均未接到任何宣称豪威公司或其子公
司运营过程中所使用的知识产权侵犯或违反他人享有的知识产权的通知,且
此类通知
标的物如果遭到不利裁定、裁决或判决将会导致重大负面变动;或
者上述情况的将演化成
导致豪威公司及其子公司整体的财务或其他状况、收
益、业务或业务前景发生重大不利变
化的事件,但豪威公司可能书面披露并
经承销人接受为例外的除外。
13.0
The
statements
(1)
in
the
Offered
Securities,
and
(2)
in
the
Offering
Documents, in each case insofar as such
statements constitute summaries
of
the
legal
matters,
documents
or
proceedings
referred
to
therein,
fairly
present, in all material respects, the
information called for with respect to
such
legal
matters,
documents
and
proceedings
and
fairly
summarize,
in
all
material respects, the matters referred to
therein;
Page 8 of 16