Firm Profile > Milbank > Singapore, Singapore

Milbank
12 MARINA BOULEVARD
MARINA BAY FINANCIAL CENTRE #36-03, TOWER 3
SINGAPORE 018982
Singapore

Corporate and M&A: foreign firms Tier 1

Milbank is widely recognised for its prominence in private equity deals and for its transactional record in Indonesia. The Philippines and Vietnam are also key jurisdictions. Energy and renewables deals are core to the practice. David Zemans is a leader in Indonesia deals, especially those in the energy segment. Jacqueline Chan is outstanding in private equity and big-ticket M&A.

Practice head(s):

David Zemans

Testimonials

‘A leading firm in Singapore for private equity’.

‘The team is very responsive, understands the commercial issues and is willing to find a way to move the transaction forward. It is highly recommended for challenging transactions.’

‘David Zemans and Jacqueline Chan are both fantastic lawyers.’

‘Jacqueline Chan is extremely commercial, knowledgeable and professional both in advising clients and in negotiations. Her work ethic is also second to none.’

‘Jacqueline Chan is top notch, very hands-on and hard to find at her level.’

Key clients

AirAsia

Fareast Green Energy Development

Projects: foreign firms Tier 1

Milbank has an outstanding reputation in project finance in Indonesia and throughout South East Asia. It has especially close connections to lenders, including multilateral agencies and ECAs, and has an extensive record in power and resources projects. James Murray is highly rated in this segment, as is the up-and-coming James Orme and of counsel Melissa Lewis.

Practice head(s):

James Murray

Key clients

JBIC

Sumitomo Mitsui

KEXIM

Société Générale

Restructuring and insolvency: foreign firms Tier 1

Milbank is particularly active advising companies, creditors’ committees, financial institutions, funds and trustees on domestic and cross-border restructurings, particularly those relating to Indonesia and Hong Kong. Office managing partner David Zemans and Jacqueline Chan are experienced in international debt restructurings, and regularly act for many of the largest private equity funds, sovereign wealth funds and financial institutions throughout Asia.  

Practice head(s):

David Zemans

Other key lawyers:

Banking and finance: foreign firms Tier 2

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

Capital markets: equity and debt: foreign firms Tier 2

Milbank maintains an eminent local and regional profile with an especially estimable record in Indonesia capital markets offerings. High yield debt is its particular forte, though it routinely achieves prominence in newer products such as project and green bonds. Beyond Southeast Asia, the Singapore team has gained traction in India, most notably in airport securities offerings. It has developed an especially strong record with first-time issuers, having historically been wedded to underwriter roles. It is also noted for market-first and innovative transactions. Naomi Ishikawa and Giles Kennedy are big-name partners, the latter with an impressive recent record in Indonesia real estate deals. James McFarlane impresses at associate level.

Practice head(s):

Naomi Ishikawa

Key clients

Tata Steel

Mandiri Securities

PT Lestari Banten Energi

Mumbai International Airport

BUMA

Star Energy

Energy: foreign firms Tier 2

Milbank is a prominent name in energy sector financings, particularly multi-sourced financings involving multilateral agencies (MLAs) and export credit agencies (ECAs). In this regard, James Murray has an outstanding reputation with James Orme and of counsel Melissa Lewis providing further senior firepower.

Practice head(s):

James Murray

Key clients

JBIC

NEXIM

Mitsubishi UFJ Trust and Banking Corporation

Korea Development Bank

Asset finance: foreign firms Tier 3

Milbank is an attractive choice for low-cost carriers across the Asia-Pacific region including AirAsia, Lion Group and VietJet. Its team also advises on innovative big-ticket transactions in the aviation industry; recent examples include advising ICBC Financial Leasing on its credit support of Crédit Agricole Corporate and Investment Bank's French tax lease and related financing to Türk Hava Yollari (Turkish Airlines) for one Boeing 777-F aircraft. Practice head Ng Paul has a strong track record acting for lenders, operating and finance lessors, borrowers, lessees and arrangers on a wide range of aviation and leasing transactions.

Practice head(s):

Paul Ng

Key clients

AirAsia Berhad

Industrial & Commercial Bank of China Financial Leasing

Bank of China Aviation

AirAsia X

VietJet Aviation

TMT: foreign firms Tier 3

At Milbank, Giles Kennedy focuses primarily on M&A, private equity, financings and cross-border securities offerings in the technology and telecoms area .

Practice head(s):

Giles Kennedy

Indonesia > Foreign firms Tier 1

Milbank's repertoire in Indonesia includes corporate and M&A, banking and finance, capital markets, and projects and energy work. David Zemans heads the banking and finance team and is a popular choice for complex cross-border financings in the region. Naomi Ishikawa covers the spectrum of capital markets work, while Giles Kennedy works on both banking and finance and capital markets matters. The projects and finance team is led by James Murray, who primarily advises lenders on high-scale energy and infrastructure projects. Also highly recommended are Jacqueline Chan, who is an expert in corporate finance transactions and M&A, and cross-border financing expert James Orme.

Practice head(s):

David Zemans; Naomi Ishikawa; James Murray

Testimonials

‘Excellent commercial and business sense and understand the client’s needs.’

‘Always put themselves in the client’s shoes.’

‘Very responsive to the client’s requests.’

‘Most associates are very knowledgeable and professional in their approach to clients.’

‘Jacqueline Chan is experienced,  has good relationships with clients, is responsive with inquiries and provides helpful alternative solutions.’

‘Giles Kennedy is experienced and highly knowledgeable.’

‘James Orme is very prompt and helpful. Straight to the point.’

‘James Orme is an outstanding lawyer who puts himself in the client’s shoes.’

Key clients

Australia and New Zealand Banking Group

The Bank of Tokyo- Mitsubishi UFJ

CIMB Bank Berhad, Singapore Branch

Oversea-Chinese Banking Corporation

Standard Chartered Bank

Sumitomo Mitsui Banking Corporation

Indies Capital Partners

Nomura Singapore

Varde Partners

Genting Sanyen Group

Star Energy

CLSA

Mandiri Securities

JPMorgan

PT Lestari Banten Energi

Star Energy

UBS

Agung Podomoro Land

Citi

Modernland

Lippo Karawaci

PT AMNT

BAML

JPM

ABM Investama

Jababeka

BUMA

Nomura

Morgan Stanley

Plaza Indonesia Realty

AirAsia Berhad

Fareast Green Energy Development Pte Ltd (a subsidiary of the Dharma Group)

MPM

Farallon

JBIC

NEXI

KEXIM

BTMU

Société Générale

Mizuho Corporate Bank

Mitsubishi UFJ Trust and Banking Corporation

Aozora Bank

Shinsei Bank

The Norinchukin Bankon

K-Sure

Korea Development Bank

SMBC Singapore Branch

PT. Supreme Energy

Muara Laboh

SERD

Nomura Singapore

Asian Development Bank

IFC

SMBC

MUFG

Vietnam > Foreign desks Tier 3

Milbank handles corporate finance, private equity and M&A deals for clients including major financial institutions and national airlines. The team is overseen by Jacqueline Chan in Singapore, who has vast international debt restructuring expertise, while in Hong Kong James Grandolfo has over two decades of experience undertaking advisory work for Asian clients. Aled Davies in Tokyo specialises in large-sale project and energy matters.

Practice head(s):

Jacqueline Chan; James Grandolfo

Other key lawyers:

Myanmar > Foreign desks Tier 3

The team in Milbank's Singapore office has experience handling Myanmar-facing investment transactions, commercial lending, M&A and project development deals. Of late, the team has been particularly active in the telecoms sector, where it advised a prominent ASEAN telecoms operator on various corporate finance matters and a significant M&A transaction. Giles Kennedy is the key contact for Myanmar work.

Practice head(s):

Giles Kennedy

Other key lawyers:

Naomi Ishikawa; James McFarlane

India > Foreign firms Tier 3

Milbank is adept at advising on the full spectrum of financing structures and capital markets transactions. The firm remains a leader in the field of projects, predominantly focusing on the energy and natural resources sectors, but also undertaking mandates pertaining to the telecoms and aviation space. Leading capital markets lawyer Naomi Ishikawa specialises in cross-border securities offerings and heads up the practice group from Singapore. Capital markets is also an area of expertise for US-qualified James Grandolfo, who is based in Hong Kong. Another key lawyer is London-based John Dewar, who is experienced across all areas of finance.

Practice head(s):

Naomi Ishikawa; James Grandolfo; John Dewar

Other key lawyers:

Munib Hussain; Jim McFarlane

Key clients

Tata Steel

Axis Capital

ICICI Securities

JM Financial

SBI Capital Markets

ANZ

DNP

Citibank

Credit Suisse

First Abu Dhabi Bank

JPMorgan

Mizuho

Standard Chartered

HSBC

BAML

Yes Bank

Merrill Lynch