China's NPL sell-off switches tack

John Cahill, partner in the real estate group of international law firm, Paul, Hastings, Janofsky & Walker LLP, discusses new niche markets in China''s great NPL sell-off.

What do you see as the new trend in NPL disposal

Cahill The international multi-million deals that caught much of the attention last year and earlier on. They typically involved specialist funds or leading investment banks buying directly from the asset management companies, which were set up to take over bad loans from the state banks. This trend is similar to what happened in Taiwan, Thailand and Korea.

However, the current deals...

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