Banking and finance: foreign firms in Singapore

Allen & Overy

Allen & Overy has maintained its ascendant position despite the retirement of senior statesman John Richards. The firm continues to have a huge market share of big-ticket financings in Vietnam, Indonesia, India, Thailand, the Philippines and is building its presence in frontier markets such as Myanmar and Bangladesh. The Singapore team is closely aligned with big investment banks, regional banks, development finance institutions (DFIs) and credit funds. The team is also relatively unique in having a Singapore law partner in Prakash SegaranGautam Narasimhan continues to earn accolades for acquisition and leveraged finance. Chris Bishop is pivotal to the firm's outstanding position in Vietnam, while Jason Humphreys and Scott Lovell impress in project finance.

Practice head(s):

Gautam Narasimhan; Chris Bishop

Testimonials

‘Gautam Narasimhan is a go to guy. He is very well known in the market for his excellent technical ability. He closes a lot of India and Indonesian deals in particular and understands where the key negotiation points should lie. We really enjoy working with him.’

‘Prakash Segaran is a partner we will go to for Singapore law and also regional law matters. He is a commercial, technically strong and responsive lawyer.’

Key clients

HSBC

International Finance Corporation (IFC)

Standard Chartered

Nomura

BNP Paribas

Sumitomo Mitsui Banking Corporation

Investec

Work highlights

  • Advising Standard Chartered on the $1.1bn term loan financing made to Volcan Investments Cyprus, to finance Volcan Investments’ successful bid to purchase Vedanta Resources.
  • Advising the mandated lead arrangers and bookrunners on a $2.85bn standby senior financing forPT Indonesian Asahan Aluminium (Persero) (Inalum)’s acquisition of a majority stake in the Grasberg copper mine in the Papua province.
  • Advising the joint mandated lead arrangers and bookrunners on the $950m  Euler Hermes-backed export credit loan to VinFast Trading and Production, Vietnam’s first wholly domestic car manufacturer.

Clifford Chance

Clifford Chance lost significant senior firepower with the retirement of Andrew Gambarini and the headline move of Andrew Brereton to King & Spalding LLP. Institutionalised relationships and the prominence of remaining partners Andrew Hutchins, who is noted for lender side roles, and Thomas England, who was promoted to partner in 2018, will be crucial to the firm's ongoing standing. The team is pivoting to private equity-driven financings and this now accounts for a substantial portion of engagements for both lenders and private equity sponsors. It also continues to make an impression in financings led by alternative lenders and credit funds. Moreover, it is building its record in India and other frontier markets such as Laos.

Practice head(s):

Andrew Hutchins; Thomas England

Testimonials

‘A good team, solution oriented, very responsive and balanced.’

‘The partners in different regions work well with each other and have no issues referring deals. This means they have expertise across jurisdictions/ industries and deal structure, which is market leading.’

‘Thomas England is super lawyer. He has focus for detail unlike many other law firm partners. In a tough negotiation, he is a partner that we want involved in our deals.’

‘Thomas England and his team are very detailed, balanced, quick to respond and very solution oriented.’

‘Andrew Hutchins is very clear, concise and constructive.’

Key clients

ICG Strategic Equity Advisors

Work highlights

  • Advised ICG Strategic Equity Advisors on the acquisition financing of a private equity portfolio comprising 35 investments across South-East Asia, India, China, South Korea, the Middle East and Africa, which underpinned the management buyout of Standard Chartered Private Equity.

Linklaters

Linklaters has the team stability and team member longevity that its natural competitors have been unable to match. The firm has strengthened its position in acquisition and leveraged finance, including for sponsors and credit funds, with further growth in India and Vietnam especially. Indonesia is another prime market for the firm. Structured lending and mezzanine finance are also key areas. Philip Badge is for many, the top banking practitioner in Singapore, with Christopher Bradley also impressing in acquisition and leveraged finance. Counsel Charles McConnell is also key.

Practice head(s):

Philip Badge

Testimonials

‘Linklaters is our go-to firm for Indonesian deals. When we engage Linklaters, we get both Linklaters and Widyawan & Partners. They are the only firms thus far which have proven to be a truly integrated, one and the same team.’

‘Philip Badge has been in the market for a long time, has a great reputation amongst the banks and is good to deal with. He is an absolutely awesome finance lawyer.’

‘Christopher Bradley is our go-to partner for financing deals, especially those requiring advice on UK and/or Singapore law. He is grounded, very experienced, and can advise on which points are important to us, and which points we can give away. He is very practical in driving the deal towards closing.’

‘Charles McConnell is a very reliable counsel. We like him for his technical knowledge, not just on the English side, but also his familiarity with the Indonesian law as well, his sheer drive and determination in getting things done, and his very timely communication.’

Key clients

Bank of America Merrill Lynch

BNP Paribas

Advent

Blackstone

Carlyle Group

Credit Suisse

SSG Capital

Vedanta

Ashurst LLP

Ashurst LLP has achieved considerable growth in Asia with its Singapore finance practice being a key contributor. Syndicated and structured financings are at the heart of the practice, along with trade and commodity finance, project finance, acquisition and leveraged finance, and financings linked to China's Belt and Road Initiative (BRI). The Singapore team is close to a range of major international banks, Singapore banks and regional lenders, including credit funds. China, Indonesia, Malaysia, Thailand, India and other key Asian jurisdictions are at the heart of the practice. Chin Chuan Chen is a leader in China BRI project finance, while Jean Woo  covers a range of products including syndicated lending, acquisition finance, and trade and commodities finance. Alfred Ng is further augmenting the firm's standing in project finance, while Kate Allchurch has retired. Senior associate Cara Stevens is recommended.

Practice head(s):

Jean Woo; Alfred Ng; Chin Chuan Chen; Edwin Yow

Testimonials

‘The team takes special care to understand our business and our commercial drivers. They endeavour to know as many people in the business as possible. They act respectfully even if acting on the other side.’

‘Jean Woo is approachable and knowledgeable about the bank. She knows more about the bank than I do.’

‘Cara Stevens is an excellent senior associate who cares about her clients and is technically very astute.’

Key clients

ANZ

Credit Suisse

Deutsche Bank

HSBC

DBS

ICBC

Bank of China

White Oak ABL

Work highlights

  • Advising the DBS Bank and Societe Generale on up to $400m  borrowing base facilities to Sentek Marine & Trading, the Singaporean marine fuel supply, shipbuilding and repair, and logistics services business; the facilities were secured over storage facilities in Malaysia and floating assets in Singapore and Malaysia.
  • Advising the sole arranger and original lender on a $2.31bn secured facility to PT J Resources Nusantara, an Indonesian gold mining company.
  • Advising White Oak on an inventory and receivables backed borrowing base facility provided to the Liberty OneSteel Group and various of its subsidiaries.

Baker McKenzie Wong & Leow

Baker McKenzie Wong & Leow is prominent in mid-market financings, especially in Indonesia, Thailand, Vietnam and India. The firm's connections to PRC banks has gained it a profile in BRI financings and the wider project finance arena. It is also a growing player in acquisition finance, real estate finance and benefits from close connections to Asian and regional banks, along with influential credit funds. James Huang has a strong Asia-wide profile, as does Emmanuel HadjidakisKah Chin Chu and Kenneth Chuah  are also key members of the team, while Andrew Zaw is an emerging talent.

Practice head(s):

James Huang; Emmanuel Hadjidakis

Testimonials

‘Team members are above par in response times, evaluating and ranking legal risks, their common sense approach to structure and documentation negotiation and they complement their legal expertise with a business perspective.’

‘Emmanuel Hadjidakis is a very solid practitioner who we like to instruct as he gets deals done efficiently.’

‘James Huang impresses with his detailed knowledge of debt restructuring, attention to details, close network in the Singapore banking sector, creative structuring and overall advice in prioritising legal risks and rendering commercially sound advice.’

‘Kenneth Chuah has a vast knowledge in receivables financing. He is always available for discussion and consultation and he supports business.’

‘Kah Chin Chu is a very experienced operator and trusted advisor. She has an exceptional relationship with our firm and its clients and takes a commerical approach to transactions and fees.’

Key clients

Maybank

Siam Commercial Bank

MUFG Bank

CIMB Bank

Oversea-Chinese Banking Corporation

Standard Chartered

Work highlights

  • Advised PT Perusahaan Listrik Negara (Pesero) on a $1.62bn revolving credit facilities and term loan facilities, the first such  large scale syndicated financing for the Indonesian national power company.
  • Advised the lenders on a $3bn syndicated acquisition financing facility to UPL Corporation for the acquisition of Arysta LifeScience.
  • Advised Shaw Kwei & Partners on the refinancing of  restructured debt facilities provided by E. Sun Bank.

Jones Day

Jones Day has a diverse practice ranging from acquisition and leveraged finance to structured mezzanine financings and receivables financings. It is noted for private equity and corporate borrower engagements along with instructions from alternative credit provider mandates and a growing number of deals for bank lenders. Sushma Jobanputra has an outstanding record in acquisition and leveraged finance, while of counsel Vinay Kurien is another key team member. Karthik Kumar provides further project finance expertise.

Practice head(s):

Sushma Jobanputra

Testimonials

Jones Day has developed a niche in advising sponsors and borrowers on complex cross border acquisition matters, distressed situations and financings. They set themselves apart from other peer firms in providing practical solutions which give comfort and legality to both sides of the table.’

Vinay Kurien has immense India experience. His attention to detail, responsiveness to client needs and skilled combination of Indian and English law make him an asset to have as your lawyer.

Key clients

Asian Development Bank

Crescent Point Group

Godrej Consumer Products

Jinko Solar

L-Catterton Asia

PAG Asia

UPL

Work highlights

  • Advised UPL on its $3bn term financing for its $4.2bn acquisition of Arysta Lifescience, a global provider of crop protection solutions.
  • Advised L-Catterton Asia and Crescent Point Group on the $226m leveraged financing for the acquisition of a Chinese apparel chain.
  • Advised Crestline Direct Finance on a $42.5m initial term loan and $5m delayed draw term loan facility provided to a multinational software company.

Latham & Watkins LLP

Latham & Watkins LLP is noted for syndicated loans, acquisition and leveraged finance, along with hybrid products involving capital markets issuances. The team advises a range of international and Asian lenders, private equity sponsors and corporate borrowers, most notably in Indonesia. Timothy Hia has extensive regional experience and is rated for his banking and capital markets record and 'is a good guy to work with'. Clarinda Tjia-Dharmadi is recommended for project financings, particularly in Indonesia. Project finance partner Stephen McWilliams has become Tokyo office managing partner.

Practice head(s):

Timothy Hia

Key clients

PT Semen Indonesia

Clifford Capital

Mizuho Bank

PT Chandra Asri Petrochemical

Barclays Bank

TPG Capital Asia

Work highlights

  • Advised PT Semen Indonesia on a  $1.3bn financing of its acquisition of a 80.64% share in PT Holcim Indonesia from LafargeHolcim.
  • Advised Clifford Capital on the first infrastructure project finance securitisation in Asia.
  • Advised Mizuho Bank on three separate equity bridge facilities to PT Supreme Energy Rantau Dedap for the project financing of the Rantau Dedap Geothermal Power Project, a 98.4MW power facility in South Sumatra, Indonesia.

Mayer Brown

Mayer Brown's bold play for market distinction has brought its rewards, especially in structured trade and commodities finance and in acquisition and leveraged finance. The structured trade and commodities finance team led by Angelia Chia and Benjamin Sandstad, who splits his time between Hong Kong and Singapore, have established firm connections to development banks, regional and international banks, funds and commodity traders. On the acquisition and leveraged finance side, Kayal Sachi, 'very good lawyerIan Roebuck and counsel Pierre Dzakpasu have a long record in India-related deals, along with Indonesia transactions and a growing number of Vietnam financings. The group is increasingly active in private equity-driven financings and while closely aligned with a range of banks, is also landing prime engagements from private equity houses and corporate borrowers. Nick Kouvaritakis was made partner in November 2019.

Practice head(s):

Angelia Chia; Ben Sandstad; Kayal Sachi; Ian Roebuck

Key clients

Asian Development Bank

Oversea-Chinese Banking Corporation

Deutsche Bank

Maybank

MUFG

United Overseas Bank

ING

JP Morgan

HSBC

Milbank

Milbank is widely recognised for its project finance standing and it has achieved further prominence in acquisition and leveraged finance in the energy and resources sectors. Indonesia continues to be its primary market. The historically lender driven practice is widening its client base to include a number of big-ticket borrowers and is recommended for its 'great teamwork'. David Zemans is a seasoned and versatile lawyer with a tremendous record in Indonesia energy and resources sector financings. James Murray is known for power and infrastructure financings. James Orme is 'very prompt and helpful; he is straight to the point' and making an impact having been elevated to the partnership.

Practice head(s):

David Zemans

Key clients

The Bank of Tokyo-Mitsubishi UFJ

CIMB Bank

Oversea-Chinese Banking Corporation

Standard Chartered

Indies Capital Partners

Varde Partners

Star Energy

Work highlights

  • Advised PT Supreme Energy Rantau Dedap on the development and financing of a 98.4MW geothermal facility in the Rantau Dedap geothermal working area in southern Sumatra, Indonesia.
  • Advised PT Lestari Banten Energi, the project company of Genting Berhad and SDIC Power, on a $775m project bond issuance of guaranteed secured senior notes.
  • Advising Star Energy Geothermal (Wayang Windu) on its $580m green bond issuance.

Norton Rose Fulbright

Norton Rose Fulbright is recognised for its energy sector expertise, including its expertise in reserve-based lending. It has deep resources in Singapore covering key sectors such as trade and commodities finance, acquisition and leveraged finance, infrastructure finance and real estate lending. A stellar client base of international and Asian banks has been augmented by alternative lenders and credit funds. The team has impressed in frontier markets such as Myanmar, Vietnam, Cambodia and Laos. Yu-En Ong is highly rated for frontier market financings and Stephen Begley and Nick Merritt are big names in project and infrastructure finance. Counsel Janelene Chen is also a pivotal team member.

Practice head(s):

Yu-En Ong

Testimonials

‘The team has the ability to quickly mobilise colleagues in their network, which is really valuable for regional opportunities. They know the market well, are commercial and committed. They are able to efficiently manage time differences when working with parties located across Asia and Europe.’

Key clients

ABN AMRO

BNP Paribas

DBS Bank

Deutsche Bank

HSBC

IFC

Societe Generale

Work highlights

  • Advised HSBC on a S$800m syndicated facility for Grab, Southeast Asia’s leading ride-hailing company.
  • Advised DBS Bank, ING and OCBC, as the mandated lead arrangers, on the financing of TPG’s leveraged buyout of Pan Asia Majestic Eagle, one of the largest telecom tower companies in Myanmar; this was the first leveraged buyout in Myanmar.
  • Advised BNP Paribas on a $100m steel prepayment financing to HBIS Group Hong Kong.

White & Case Pte. Ltd.

White & Case Pte. Ltd. lost big-name banking partner Guan Feng Chen to Morgan Lewis Stamford LLC and sought to fill the gap by relocating young partner Gee Hou Tng, a leveraged finance specialist, to Singapore from Beijing. The subsequent hire of Alexander McMyn from Hogan Lovells Lee & Lee has given the Singapore group even further senior-level credibility. The Singapore team has continued to build its relationships with Chinese banks that are active in Indonesia, Singapore and Vietnam especially. It remains close to big global banks and is gaining further ground with Singapore-based banks. The team has fine traditions in Indonesia financings, though has successfully diversified to become increasingly active in Malaysia, Thailand, Vietnam and other nearby jurisdictions. John Shum has joined King & Wood Mallesons.

Testimonials

‘John Shum can use Chinese and English interchangbly to communicate and negotiate very effectively.’

‘I was impressed by John Shum’s ability to quickly grasp the essence of the transaction and understand the client’s needs from a very commercial perspective, while still providing professional legal advice.’

‘Gee Hou Tng is personable, communicative, committed to the task and will take the time to work through the issues with you.’

Key clients

China Development Bank

UBS

Sumitomo Mitsui Banking Corporation

CMB Wing Lung Bank

First Abu Dhabi Bank

Mizuho Bank

Work highlights

  • Advised China Development Bank on three term loan facilities for Indonesia’s PT Smart Telecom.
  • Advising UBS on a $430m equivalent dual-currency secured term loan facility to Fortune Oil PRC Holdings.
  • Advised a number of banks on an aggregate $2.2bn financing for Far East Horizon.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP is a leader in energy finance, including reserve-based lending thanks to the presence of the highly rated Adrian Cheng and Katie Gray. The firm expanded its asset finance practice in 2018 with the hire of Siva Subramaniam and Samuel Kolehmainen from Watson Farley & Williams LLP. This has led to growth in FPSO financings, while the wider team has achieved growth in pre-payment and receivables financings in the energy sector. Myanmar and Indonesia are the team's primary markets through a number of regional and international banks. Transport, infrastructure and TMT are other key sectors.

Practice head(s):

Adrian Cheng

Testimonials

‘Adrian Cheng is a class leader in the area of reserve-based lending in Asia Pacific. He is extremely humble, patient, knowledgeable, approachable and always willing to lend a helping hand.’

Key clients

Standard Chartered

HSBC

DBS Bank

The Bank of Tokyo-Mitsubishi UFJ

Sumitomo Mitsui Banking Corporation

Deutsche Bank

Work highlights

  • Advised the lenders and arrangers on a $338m acquisition financing for AEV International, a subsidiary of Aboitiz Equity Ventures, to acquire a majority stake in Gold Coin Management, one of Asia’s largest agribusiness companies.
  • Advised Crédit Agricole and other lenders on the increase and extension of an existing reserve-based lending facility to Ophir Energy.
  • Advising DBS Bank, Mizuho Bank, MUFG Bank and Standard Chartered on a $300m acquisition financing for Aboitiz Power’s acquisition of a 49% voting stake and 60% economic stake in AA Thermal.

Morrison & Foerster (Singapore) LLP

Morrison & Foerster (Singapore) LLP is best known for acquisition and leveraged finance thanks to the presence of the highly rated Yemi Tépé . She and the team are increasingly active in credit fund financing, particularly deals in the middle market. Subscription line financing is another growth area, where the firm has achieved traction with European banks, despite not being on their panels. Tessa Davis has joined the firm to bolster its project financing expertise, particularly in the liquified natural gas (LNG), petrochemicals and renewables sectors.

Practice head(s):

Yemi Tépé: Tessa Davis

Key clients

BlackRock

Work highlights

  • Advised BlackRock on the acquisition financing of two blocks of grade-A office buildings at Waterfront Place, Shanghai from PGIM Real Estate.

Simmons & Simmons

Simmons & Simmons' banking and finance practice is still dominated by structured trade and commodity finance. The firm is making an impression in margin loans and fund financing. The core team features experienced figures Calvin Tan, Dan Marjanovic and Matthew Cox.

Watson Farley & Williams LLP

Watson Farley & Williams LLP has its roots in asset finance, though has leveraged this experience and expertise into a rounded corporate finance practice. Mehraab Nazir is noted for his experience in Vietnam, particularly in asset and project finance. Shawn Er provides further expertise in ECA-backed financings and solar infrastructure finance. Goh Mei Lin heads the team.

Practice head(s):

Goh Mei Lin

Key clients

MUFG Bank

DBS Bank

Bank of America

Australia and New Zealand Banking Group

Sumitomo Mitsui Banking Corporation

ABN AMRO

Credit Agricole

Natixis

Work highlights

  • Advised a syndicate of lenders on a $600m revolving credit facility for ECOM Agroindustrial Asia and ECOM Agroindustrial Corp.

DLA Piper

DLA Piper has made a mark in distressed financings, special situations and financings involving equity components. It is also more prominent in project finance following the hire of Vincent Seah as a partner from Freshfields Bruckhaus Deringer. The team advises a mix of borrowers and lenders, including banks and credit funds. Timothy Tan splits his time between Singapore and Bangkok.

Practice head(s):

Timothy Tan

Key clients

Deutsche Bank

DBS Bank

Pierfront Capital Fund Management

Coöperatieve Rabobank

UOB

ING

Work highlights

  • Advised a major European bank on the proposed bridge and rescue financing for a China-based solar power company listed on the Hong Kong Stock Exchange.
  • Advised an Indonesian listed company on its Reg S $40m floating rate note issuance, structured with credit support from Shinhan Investment Corp.
  • Advised DBS Bank, ING Group and UOB on a $820m receivables purchase financing for PT Huawei Tech Investment under a network expansion procurement agreement in East Kalimantan, Indonesia with PT Hutchison.

Gibson Dunn

Gibson Dunn operates principally in the energy and infrastructure space, including the oil and gas sector. The practice centres on energy and project financings, along with commodity-based financings; reserve-based lending is a feature of the team's work. Jamie Thomas leads the team and often works alongside energy and infrastructure partner Brad Roach, who is a recognised authority in the upstream oil and gas segment. The group advises a mixture of traditional and alternative lenders, along with a range of corporate borrowers.

Practice head(s):

Jamie Thomas

Key clients

UBS

Bank of America

MedcoEnergi

Goldman Sachs

OCP Asia (Hong Kong)

PT Indika Energy

Work highlights

  • Advised PT Medco Energi Internasional on a $500m  six-year secured revolving reserve-based lending facility to finance the development of Aceh Block A gas fields in Sumatra, Indonesia, and it investment in the development of the South Natuna Sea Block B gas fields.
  • Advised MAXpower Group on its acquisition by PT Infradaya Energia as well as the restructuring of the bank debt.
  • Advised PT Indika Energy on a term loan B style financing for, amongst others, investment in a proposed fuel terminal and storage facilities, jetty and related infrastructure in Kariangau, East Kalimantan, Indonesia.

HFW Singapore LLP

HFW Singapore LLP's background in asset finance has evolved into a flourishing general corporate finance practice with an emphasis on the transport and energy sectors. It advises a range of international banks, Chinese banks, trading houses and other corporate borrowers. The firm is active in trade, export credit and pre-payment financings. John Forrester and David Brotherton lead the team.

Practice head(s):

John Forrester; David Brotherton

Testimonials

‘The firm’s international coverage means it really delivers a fast turnaround as it covers all time zones.’

‘John Forrester is very knowledgeable and approachable.’

Key clients

Skandinaviska Enskilda Banken

The Bank of Tokyo-Mitsubishi UFJ

Development Bank of Japan

Goshawk

Avation

DNB Bank

ABN AMRO

Svenska Handelsbanken

Work highlights

  • Advising Skandinaviska Enskilda Banken, the documentation agent for a syndicate of 13 lenders, on a $725m revolving credit and standby credit facility provided to AB Stena Finans.
  • Advised d’Amico Tankers on the sale and leaseback of a 75,000 dwt newbuilding LR1 product tanker vessel, in the client’s first ever use of a JOLCO structure.
  • Advised City of Athens and Eco Nine on two term loan facilities to finance the acquisition of 2MR2 product tankers under construction at Hyundai Vinashin.

King & Spalding LLP

King & Spalding LLP made waves in 2019 with the hire of senior banking and highly reputable partner Andrew Brereton from Clifford Chance; Brereton is an experienced Singapore hand who covers a range of products from acquisition finance and fund financing to project finance and major restructurings. The new team has a strong focus on private equity sponsors and energy sector corporates. On the lender side, the firm has successfully targeted a range of credit funds and banks that don't have rigid panel relationships, particularly Asian and regional banks. The practice ranges from structured lending and acquisition finance right through to project finance.

Practice head(s):

Andrew Brereton

Testimonials

‘Andrew Brereton is one of the two or three best finance lawyers in the region. His associates are bright and hardworking, but Andrew always knows what’s happening on a deal.’

‘Andrew Brereton is one of the strongest finance lawyers I have worked with in my career. He is a superb practitioner who is very involved in all technical legal aspects of a deal whilst also being very understanding of the wider commercial context.’

Key clients

Bumi Armada

Apollo

MUFG Bank

Macquarie

Work highlights

  • Advised MUFG Bank on a $150m financing for PT Bukit Makmur Mandiri Utama (Buma).
  • Advised AION Capital on the $100m  financing arrangements for its successful acquisition of Interglobe Technologies.

Reed Smith LLP

Reed Smith LLP remains noted for structured trade and commodity finance, along with bilateral and syndicated loans, ship finance and derivatives and structured finance. It has a fine record in India, Indonesia, China and other Southeast Asian jurisdictions. Peter Zaman is an experienced commodities finance specialist. Jessica Kenworthy has joined Squire Patton Boggs.

Practice head(s):

Peter Zaman

Stephenson Harwood LLP

Stephenson Harwood LLP established a general banking practice with the hire of Gregory Xu from Clifford Chance in 2018. Building on the firm's already strong asset finance credentials, he and the team have made progress in corporate loans and trade finance in India, Indonesia, Myanmar and Malaysia especially. The practice is largely mid-cap deals for banks and funds. Offshore oil and gas financings, including FPSO-related transactions, are also core to the practice.

Practice head(s):

Gregory Xu

Key clients

MUFG Bank

Mizuho Bank

TransAsia

Golden Equator

ABN AMRO

Work highlights

  • Advised Lion Air, Indonesia’s largest private airline, on the prepayment and purchase of 21 Boeing 737-900ER aircraft.
  • Advised Cebu Pacific on a Japanese Operating Lease with Call Option (JOLCO) and associated financing for a portfolio of up to four new Airbus A321 aircraft.
  • Advised BW Gas Limited on a $180m  post-delivery facility from a syndicate of international banks, led by Société Générale.