Sidley Austin LLP > Singapore, Singapore > Firm Profile

Sidley Austin LLP
LEVEL 31
6 BATTERY ROAD
SINGAPORE 049909
Singapore

Singapore > Capital markets: equity and debt: foreign firms Tier 2

With demonstrable experience across the energy, consumer goods, real estate, healthcare, technology, and telecommunication sectors, Sidley Austin LLP acts for issuers and underwriters across all types of security mandates, including IPOs, convertible bonds, investment grade debt, high-yield bonds and distressed debt restructurings. Matthew Sheridan, who is an esteemed figure in the Asian high-yield debt capital markets arena, jointly leads the team alongside Manoj Bhargava, whose practice covers a range of international capital markets matters, with a particular focus on Southeast Asia and India-related transactions. Other key contacts in the group include Alexius Chong and counsel Shashwat Tewary.

Practice head(s):

Matthew Sheridan; Manoj Bhargava

Other key lawyers:

Key clients

Singapore Technologies Engineering Ltd

PT Indika Energy Tbk

J.P. Morgan Securities plc

PT Mandiri Securities Pte. Ltd.

Standard Chartered Bank (Singapore) Limited

UBS AG Singapore Branch

Kotak Mahindra

BofA Securities

BNP Paribas

ICICI Securities

Work highlights

  • Advised Guangzhou R&F Properties Co., Ltd. (R&F), on the restructuring of its 10 series of U.S. dollar-denominated notes with an aggregate outstanding principal amount of approximately US$4.9bn, through a distressed exchange offer and consent solicitation.
  • Represented ST Engineering as international counsel, advising on English and U.S. law, in relation to an update of its Euro Medium Term Note Programme to Global Medium Term Note Programme, valuing US$1bn.
  • Represented Kotak Mahindra, BofA Securities, BNP Paribas, Credit Suisse, HDFC Bank, ICICI Securities and J.P. Morgan, book running lead managers, in connection with the US$480m initial public offering of equity shares of Adani Wilmar Limited.

Singapore > Investment funds: foreign firms Tier 2

Sidley Austin LLP has a leading presence in hedge fund and regulatory work. The firm is also building its standing in private equity and continues to attract new asset management and institutional investor clients. It has an exceptional record in representing Asia-based fund managers.  Effie Vasilopoulos leads the APAC investment funds team, splitting her time between Hong Kong and Singapore. Counsel Josephine Law is another key figure in Singapore. Han Ming Ho  departed in November 2023.

Practice head(s):

Effie Vasilopoulos

Other key lawyers:

Josephine Law; Zishen Chong

Testimonials

‘We have been engaging Sidley for our registration of funds in Singapore as they are familiar with the regulation and understand the fund industry very well. They always respond to our queries promptly and provide valuable advice.’

‘Josephine Law and Zishen Chong are helpful and responsive to address our concern and queries. They will follow up with the regulator to ensure timely registration of funds in Singapore.’

‘Helpful to have a global law firm assist with regulatory matters in the UK and Singapore.’

‘Sidley provides full coverage and has extensive experience in funds globally. Apart from fund-raising related work, they have also helped us with regulatory advice, and M&A in the asset manager. We have found the team very capable and knowledgeable.’

Key clients

EQT

UBS

BlackRock

Royal Golden Eagle

Proterra Investment Advisors (Singapore) Pte Ltd

AllianceBernstein

Dymon Asia Capital

3D Investment Partners

Loyal Valley Capital

DigitalBridge

Verition Fund Management

PIMCO

Farallon Capital

Point 72

UG Investment Advisors

Work highlights

  • Advised EQT on its $7.5bn agreement to acquire Baring Private Equity Asia (BPEA).
  • Advised Loyal Valley Capital, an established Shanghai-based private equity firm, with the establishment of its maiden hedge fund.
  • Advised Proterra Investment Advisors (Singapore) on the establishment of Proterra Asia Food Fund 3, an Asia-focused private equity fund in the food and agricultural spaces.

Singapore > White-collar crime - Foreign firms Tier 2

Sidley Austin LLP’s dedicated practice handles corporate investigations for high-profile multinational clients across the life sciences, technology, and manufacturing sectors. In addition to cross-border compliance, antitrust, corruption, and misconduct investigations, the team often advises clients on cyber, data privacy and sanctions work. According to clients, ‘pragmatic, relevant and concise advice is the hallmark of the team’. ‘Powerhouse’ and practice leader Yuet Ming Tham advises on matters concerning the FCPA, corporate compliance, investigations, sanctions, money-laundering regulations, data privacy, employment and antitrust. Shu Min Ho, who handles investigations and compliance projects in the life sciences, technology, biotech and biopharma industries, is another key contact in the group.

Practice head(s):

Yuet Ming Tham

Other key lawyers:

Testimonials

‘Practicality of advice, friendly approach, breadth of knowledge within just one team not just on FCPA investigations but the related employment laws around APAC.’

‘Pragmatic, relevant and concise advice is the hallmark of the white-collar crime team at Sidley. The partnership approach with client service and taking deep interest in the business and processes sets this firm apart.’

‘Yuet Ming Tham ensures that any work coming from her team is consistent and thorough. She takes time to understand our concerns and offers immediate workable and often innovative solutions.’

‘The firm’s international presence and calibre of personnel is truly unmatched. The team does a really wonderful job in balancing practical business advice with legal risk mitigation.’

‘Yuet Ming Tham is a powerhouse. She knows the various APAC markets thoroughly, and we count on her insight to make strategic decisions. Our business goes to her and her alone. Truly head and shoulders above all the others in the region.’

Singapore > Corporate and M&A: foreign firms Tier 3

Praised for its ‘extensive experience and business perspective’, Sidley Austin LLP is well-placed to leverage the firm’s full-service capability and international footprint to advise on M&A and private equity transactions. With demonstrable expertise in the digital infrastructure, insurance and the real estate sectors, Charlie Wilson leads the practice and is noted for his experience in advising private equity funds and corporates on their investments and disposals across Asia. Parthiv Rishi, who acts for private equity firms and their portfolio companies on M&A, leveraged buyouts and capital investments in Southeast and India, is another key contact in the group.

Practice head(s):

Charlie Wilson

Other key lawyers:

Parthiv Rishi; Eldon Chan

Testimonials

‘Charlie Wilson, himself together with Sidley’s M&A team, is the perfect team a client would want on their side. Their excellent knowledge, extensive experience and business perspective is the right combination which makes them stand out amongst others.’

‘The team is responsive and always steps into our shoes and advise from the perspective of our business requirements.’

‘Eldon Chan has been exceptional.’

Key clients

KKR

ChrysCapital

BlackRock

65 Equity Partners

Hillhouse Capital

Gaw Capital

DigitalBridge (and its portfolio platforms EdgePoint Infrastructure and Xenith Infrastructure Group)

Apollo and Athene

Ivanhoé Cambridge Inc. (the real estate investment arm of CDPQ)

Indika Energy

Work highlights

  • Advised EdgePoint Infrastructure (EdgePoint) on its initial investment in the Philippines market, which formed part of a landmark dual disposal by Smart and DMPI of a total of 5,907 telecom towers, representing the largest-ever acquisition of assets in the Philippines by international investors.
  • Represented ChrysCapital in the highly complex acquisition of Xoriant Corporation, a digital product-engineering, software-development, and technology-services firm headquartered in Silicon Valley with offices in the U.S., Europe, and Asia, with customers ranging from start-ups to Fortune-100 customers globally.
  • Advised Singapore-headquartered Sembcorp Industries on the sale of Sembcorp Energy India, one of the largest power producers in India, for INR117 billion, or approximately US$1.5 billion, to a consortium led by Oman Investment Corporation and the Ministry of Defense Pension Fund, Oman.

Singapore > Banking and finance: foreign firms Tier 4

Sidley Austin LLP has built its standing in leveraged finance and general lending, following the arrival of Daniel Lindsey from Goodwin‘s Hong Kong office in July 2022. Lindsey has a background in representing private equity sponsors and private credit funds in leveraged and acquisition finance, growth capital financings, structured lending, fund-level financings and margin loans. His core team is now spread across the Hong Kong and Singapore offices. Former counsel Jeremy Chase moved to an in-house position in August 2022.

Practice head(s):

Angela Fontana; Leslie Plaskon; Daniel Lindsey

Testimonials

‘Standout team for private equity backed acquisitions. Great all-round platform across both their debt finance and M&A teams.’

‘Daniel Lindsey is a fantastic lawyer. He has worked at top tier firms and on the biggest deals in Asia on both lender and borrower/sponsor side and knows all the pressure points. He is an impressive negotiator and fantastic problem solver who has a knack for building consensus. He is able to guide parties to reach outcomes which protect his clients’ best interests in a calm and friendly way.’

 

Key clients

EdgePoint Infrastructure

R-Bridge Healthcare Fund

Ally Bridge Group

Work highlights

  • Represented EdgePoint Infrastructure (EdgePoint) on the debt financing for its initial investment in the Philippines market, in connection with a dual disposal by Smart and DMPI of a total of 5,907 telecom towers, representing the largest-ever acquisition of assets in the Philippines by international investors.
  • Advised R-Bridge Healthcare Fund on a $40m royalty-backed financing to Yisheng Biopharma.
  • Advised R-Bridge Healthcare Fund on a $120m hybrid financing granted by Natixis Corporate & Investment Banking through its Hong Kong branch.

Singapore > International arbitration Tier 4

The practice at Sidley Austin LLP has ‘great experience in investment arbitrations‘, acting on high-value, cross-border mandates. Blue-chip clients, governments, and multinational corporations all rely on the expertise of the team in many industries, including life sciences, energy, technology, and shipping. The ‘extremely talented, charismatic, and brilliant‘ New York-qualified Tai-Heng Cheng leads the team, and is a ‘very effective advocate who reads the tribunal well‘. Jennifer Lim  and Meera Rajah  are other key names in the team.

Practice head(s):

Tai-Heng Cheng

Other key lawyers:

Testimonials

‘Sidley Austin is a blue chip dispute resolution and international arbitration practice and is led by the extremely talented, charismatic, and brilliant Tai-Heng Cheng.’

‘Tai-Heng Cheng is the consummate lawyer. Highly intelligent and formidable, he is world-class. Puts his heart into an assignment and is a very effective advocate who reads the tribunal well. A great person to have in your corner in any complex dispute.’

‘Tai-Heng Cheng is well-versed in international arbitration and has great experience in investment arbitrations’

‘Sidley Austin provides prompt and excellent service.’

‘Partners Tai Heng-Chang and Jennifer Lim are highly recommended and very easy to work with.’

Key clients

I-Mab Biopharma Co., Ltd.

PACC Offshore Services Holdings (POSH)

PT J ResourcesNusantara

Tennor Holding B.V. (Lars Windhorst)

Work highlights

  • Successfully represented PACC Offshore Services Holdings (POSH), part of the Kuok Group of Singapore, in an investment treaty arbitration against Mexico, administered by ICSID under the UNCITRAL Rules, in connection with the expropriation of claimant’s investment in the Mexican offshore marine services industry.
  • Successfully represented PT J Resources Nusantara in a US$600 million SIAC arbitration against another Indonesian company Pani Bersama Tambang (PBT), a subsidiary of Indonesia’s Merdeka Copper Gold and secured a swift and favourable outcome for our client.
  • Successfully represented life sciences company I-Mab Biopharma Co., Ltd. (“I-Mab”), a public company based in China and the U.S., in a multi-year long, hard fought, nine-figure international arbitration against Tracon Pharmaceuticals (“Tracon”).

Singapore > Start-up and venture capital – Foreign firms Tier 4

Representing start-ups, emerging growth companies and major investors in Singapore, Sidley Austin LLP advises on all aspects of the tech investment cycle encompassing seed rounds, venture, capital growth investments, pre-IPO investments and exits. Led by Parthiv Rishi, the team works in close coordination with the firm’s private equity, regulatory and capital markets offerings in Shanghai, Hong Kong, London and the US.

Practice head(s):

Parthiv Rishi

Other key lawyers:

Eldon Chan

Testimonials

‘Hardworking, diligent, and open to being commercially minded.’

‘Polite, respectful, hardworking and passionate about getting a good outcome.’

‘Eldon Chan is always on-the-ball.’

‘The team is very responsive, knowledgeable, detail-oriented, commercial and presents their findings and recommendation in a very user-friendly format.’

‘Sidley Austin’s team provides tailored and commercially sound solutions. We appreciate the attention the team devotes to our business and their ability to provide high quality advice.’

‘Sidley is well-resourced, highly responsive, and the team is excellent and able to handle both Singapore and US style deals and everything from Series A through to late stage deals.’

‘Eldon Chan is very responsive, detail-oriented, commercial and presents his recommendation in a very user-friendly format.’

‘Parthiv Rishi is a great partner to work with. He is approachable and easy to deal with, responsive, hands on, manages and leverages his team and the Sidley network well and can be counted on to get deals done and find solutions to complex matters or difficult issues.’

Key clients

65 Equity Partners

KKR (Next Generation Technology Fund)

Jungle Ventures

EE Capital

Lightspeed India Partners

Sequoia Capital

Lever Venture Capital

Hillhouse Capital

Y Combinator

Xora Innovations

Work highlights

  • Represented 65 EP on its S$150 million investment in Cityneon Group, its biggest investment to date. 65 Equity Partners is an independently managed investment firm wholly owned by Temasek Holdings.
  • Represented KKR’s next generational technology fund in a number of investments in the past year, including as lead investor in the A$108 million Series B financing round of Advanced Navigation, an Australian headquartered developer of AI robotics and navigation technology.
  • Represented Jungle Ventures in a number of investments in the past year, including as lead investor in the Series A funding round of Edupia.

Asia Pacific: Regional International Arbitration > Leading firms Tier 3

Sidley Austin has impressive capabilities across the region, with practitioners working in offices in Hong Kong and Singapore on high-value, cross-border mandates. The firm is particularly skilled at bringing in colleagues from other industry groups, including life sciences, restructuring and finance to act on complex multi-disciplinary arbitrations. Splitting his time between Singapore and New York, Tai-Heng Cheng is the co-head of the international arbitration and trade practice, frequently advising companies, boards, and governments on business-related disputes. Friven Yeoh leads the international arbitration practice in Asia, working out of the firm’s Hong Kong and Singapore offices, advising clients on high-value investment disputes. Also in Hong Kong, Desmond Ang and Yan Zhang are key names, with Jennifer Lim playing a key role in the Singapore team.

Practice head(s):

Tai-Heng Cheng; Friven Yeoh

Other key lawyers:

Key clients

I-Mab Biopharma Co., Ltd.

PACC Offshore Services Holdings

PT J ResourcesNusantara

Rizal Commercial Banking Corporation

Work highlights

  • Obtained a victory for I-Mab Biopharma Co., Ltd, a public company based in China and the U.S., in a multi-year long, nine-figure international arbitration against Tracon Pharmaceuticals.
  • Successfully represented PACC Offshore Services Holdings, part of the Kuok Group of Singapore, in obtaining damages and recovering in an investment treaty arbitration against Mexico, in connection with the expropriation of claimant’s investment in the Mexican offshore marine services industry.

Indonesia > Foreign firms Tier 3

Sidley Austin LLP provides a diverse array of advice to its clients on Indonesian matters ranging from digital infrastructure and financial services to mining, energy, and real estate. The firm’s clientele includes multinational and domestic conglomerates, investment funds, government bodies and state-owned enterprises. Led by Matthew Sheridan and Charlie Wilson, who frequently assist on complex cross-border and multi-practice matters, the practice is widely experienced in Indonesia with notable members including Parthiv Rishi and Alexius Chong.

Practice head(s):

Matthew Sheridan; Charlie Wilson

Other key lawyers:

Testimonials

‘The team at Sidley are a solid choice for Indonesia matters. It’s clear that they know the market and key sectors very well, and they are responsive and have consistently delivered.’

‘Parthiv Rishi is a great partner to work with. He is approachable and easy to deal with, responsive, hands on, manages and leverages his team and the Sidley network well and can be counted on to get deals done and find solutions to complex matters or difficult issues.’

‘Parthiv Rishi is very good technically and also commercial, applying good judgment when needed. He is versatile and has experience across the investment lifecycle and has a lot of experience in Indonesia having worked on some of the unicorn financings as well as more early stage deals. He always delivers.’

Key clients

PT Indika Energy Tbk

PT J Resources Nusantara

Mandiri Sekuritas

PT Astra International

Pintarnya

Diri Care

Cosmart

Standard Chartered Bank

Hillhouse Capital

Jungle Ventures

Work highlights

  • Represented Indika Energy on their joint venture and associated investments with Foxconn.
  • Represented Jungle Ventures as co-lead investor in the Series D financing round of Indonesia’s buy-now-pay-later platform Kredivo.
  • Acted for J.P. Morgan Securities plc, Mandiri Securities Pte. Ltd., Standard Chartered Bank (Singapore) Limited and UBS AG Singapore Branch in a transaction concerning PT Kawasan Industri Jababeka Tbk.’s offer to exchange its Old Notes for cash and its Notes due 2027, and concurrent consent solicitations to eliminate substantially all the restrictive covenants and reporting requirements under the Old Notes.

Hong Kong > Capital markets (debt)

Sidley Austin's involvement for Chinese real estate issuers in many of the highest-profile offshore high-yield offerings in recent years has subsequently led to a considerable amount of restructuring and liability management exercises as that sector has been impacted by a raft of economic headwinds. The ‘phenomenal’ Renee Xiong has been at the heart of much of this work, including acting alongside the firm’s acclaimed London restructuring team on a number of distressed situations. As well as also being involved in a number of real estate-related restructuring/liability management scenarios, Carrie Li has also handled new bond issuances in other sectors, including her work for the lead managers in relation to China Cinda Asset Management’s issuance of FTZ bonds. Singapore based Matthew Sheridan heads up the overarching Asia capital markets offering.

Practice head(s):

Matthew Sheridan

Other key lawyers:

Carrie Li; Renee Xiong; Oliver Zhong

Testimonials

‘The team continues to be well known for its strength in the China property market.’

‘Renee Xiong is perhaps the best legal adviser on debt issues for China real estate.’

The team has rich experience in the real estate industry and provides practical advice on our deal dynamics.’

‘It is phenomenal that Renee Xiong is able to keep on top of all her transactions given the volume of deals she has. She really has her clients’ interests close to heart and no wonder her clients are very loyal.’

Key clients

ABC International

Bank of Communications

BOC International

China Construction Bank

Central China Real Estate Limited

China Fortune Land Development Co., Ltd

China Water Affairs Group Limited

Cinda International

Country Garden Holdings Company Limited

Goldman Sachs (Asia) L.L.C.

Guangdong – Hong Kong Greater Bay Area Holdings Limited

Guangzhou R&F Properties Co., Ltd.

KWG Group Holdings Limited

Logan Group Company Limited

Modern Land (China) Co., Limited

Powerlong Real Estate Holdings Limited

Redco Properties Group Limited

RiseSun Real Estate Development Co., Ltd.

Shanghai Fosun High Technology (Group) Co., Ltd

Shimao Services Holdings Limited

The Export-Import Bank of China

Xinchang County Transportation Investment Group Company Limited

Zhenro Properties Group Limited

Zhongliang Holdings Group Company Limited

Work highlights

  • Represented China Fortune Land Development Co. in the restructuring of its $4.96bn offshore debt by way of English scheme of arrangement.
  • Represented Modern Land (China) Co. in the restructuring of its $1.34bn offshore dollar-denominated notes.
  • Represented ABC International, Bank of Communications, BOC International, China Construction Bank, Cinda International as Joint Lead Managers in connection with China Cinda (2020) I Management Limited’s offering of CNY1.5bn 3.7% FTZ bonds due 2026 guaranteed by China Cinda (HK) Holdings Company Limited, pursuant to Regulation S.

Hong Kong > Regulatory: anti-corruption and compliance

Sidley Austin provides ‘practical, commercial and pragmatic advice’ to clients from a wide range of industry sectors, including asset management, financial services, life sciences, and technology, across a broad array of anti corruption-related matters. Leveraging the firm’s strong presence in other critical offices in the region, the team is best known for its ability to provide a unified, Asia-wide offering to clients engaged in regulatory investigations and enforcements, as well as compliance counselling on inter alia sanctions and AML, and FCPA matters associated with transactional work handled by the firm. In addition, the team is noted for its aptitude at handling mandates which also touch upon UK and US regulatory concerns. Although now both based in Singapore, following their return to the firm after a brief stint at McDermott Will & Emery Singapore LLP, ‘highly intellectual and pragmatic’ co-heads Yuet Ming Tham and Shu Min Ho are both well-versed in anti-corruption matters with a nexus to Hong Kong, having spent many years practising in the country. Stephanie Chan, who joined in February 2023 from Reed Smith Richards Butler LLP, adds firepower to the firm’s offering on the ground in Hong Kong, particularly as it relates to regulatory investigations conducted by regulatory and enforcement authorities, including the HKSE, SFC, and HKMA.

Practice head(s):

Yuet Ming Tham; Shu Min Ho

Other key lawyers:

Testimonials

‘They provide practical, commercial and pragmatic advice.’

‘Very experienced in the area of compliance investigations, with a global network of legal professionals they can tap in and out of.’

‘Yuet Ming Tham and Shu Min Ho are highly intellectual and pragmatic in their approach, ensuring a solutions-oriented outcome.’

India > Foreign firms

Manoj Bhargava leads Sidley Austin LLP’s India group, which draws on the firm’s broader resources and international reach to provide a full-service offering with a notable emphasis on capital markets, banking and finance, and private equity. Bhargava, in Singapore, leads the capital markets practice and advises on high-value IPOs as well as equity and debt capital markets offerings. Also in the core Singapore team is Parthiv Rishi, who is recommended for his private equity expertise, while Palo Alto’s Andrew Harper has a broad corporate practice with a focus on advising US firms operating in the Indian market.

Practice head(s):

Manoj Bhargava

Other key lawyers:

Testimonials

‘Manoj Bhargava heads this practice. I draw lots of comfort from Manoj. He is solution-oriented and not only identifies problem areas but also tries to find solutions for the problems.’

‘The team at Sidley are very experienced in India. They know the market well and have a great global network to leverage. They are always responsive and really try to go the extra mile for us.’

‘Parthiv Rishi is a great partner to work with. He is approachable and easy to deal with, responsive, hands on, manages and leverages his team and the Sidley network well and can be counted on to get deals done and find solutions to complex matters or difficult issues. He is very good technically but also commercial and applies good judgment when needed. He is versatile and has experience across the investment lifecycle. He always delivers and I go to him when things are complex or difficult.’

‘Manoj Bhargava and his team have been absolutely proactive in not only identifying legal matters for discussions, but also suggesting practical legal solutions for the same. Proactive, solutions oriented and understand the client’s business.’

‘Key strengths include the attention to detail, solution-oriented approach to working and the direct involvement of the senior partners on the transaction.’

‘Manoj Bhargava as the senior partner from the Sidley team is a stand-out professional. His ability to maintain long-term relationships, his hands-on approach to the transaction and his ability to deliver well within timelines makes him a cut above the rest of the competition.’

Key clients

ChrysCapital

KKR

Lightspeed India Partners

Apollo Capital Management

Jungle Ventures

EE Capital

Dream Sports Inc.

Rephrase.AI

Zuddl

QX Global

Kotak Mahindra Capital Company Limited

Axis Capital Limited

IIFL Securities Limited

Jefferies India Private Limited

J.P. Morgan India Private Limited

ICICI Securities Limited

BofA Securities India Limited

Morgan Stanley India Company Private Limited

BNP Paribas

Edelweiss Financial Services Limited

Work highlights

  • Acted as international counsel to the lead managers in India’s largest IPO in 2023 to date – the INR43bn IPO of equity shares of Mankind Pharma Limited, one of the largest pharmaceutical companies in India.
  • Represented Kotak Mahindra and Jefferies on the US$430m QIP of equity shares of Macrotech Developers Limited, the first-ever, purely secondary QIP of equity shares in the history of Indian capital markets.
  • Represented ChrysCapital in the highly complex acquisition of Xoriant Corporation, a digital product engineering, software development, and technology services firm.

Latin America: International firms > International arbitration

Sidley Austin LLP remains active in both investor-state and commercial arbitrations, most notably in the energy, construction, financial services, mining and real estate sectors. In state representation, the firm has acted for the Republic of Peru in a series of cases, and also has successfully defended the Republic of Colombia. New York and Singapore-based partner Tai-Heng Cheng has represented a number of Asian clients in cases against Latin American states, while New York partner Simon Navarro handles a mix of commercial and investor-state work, particularly in representing Spanish and European clients in energy disputes against Latin American entities. Former (international arbitration) senior managing associate María Carolina Durán and counsel Courtney Hikawa left the firm in August and October 2023, respectively.

Practice head(s):

Tai-Heng Cheng

Testimonials

The Sidley Austin team is discerning, skilled and highly trained.

The Sidley Austin team is without a doubt the best in the business when it comes to investment arbitration. We act as their local partners in various ICSID arbitrations and the quality of their work and dedication to cases is unmatched.

The Sidley Austin team is highly trained to resolve complex issues in complex disputes. Their lawyers are very skilled and understand the perspectives of international arbitration very well.’

Key clients

PACC Offshore Services Holdings (POSH)

TC Energy Corporation

The Republic of Peru

Work highlights

  • Obtained a victory for PACC Offshore Services Holdings (part of the Kuok Group of Singapore), in an investment treaty arbitration against Mexico administered by ICSID under UNCITRAL Rules (ICSID Case No. UNCT/18/5), which concerned the expropriation of the claimant’s investment in the Mexican offshore marine services industry.
  • Represented long-time client the Republic of Peru in successfully limiting the ICSID tribunal’s award to just 5% of the more than $150m in damages sought by Autopista del Norte S.A.C. (AUNOR)  for alleged cost overruns incurred by AUNOR and its subcontractor, OHL Construcción, in relation to the upgrading of a stretch of the Pan-American Highway; the Tribunal agreed with Peru on various aspects of the dispute between the parties regarding the quantification of damages, including the applicable interest rate and the application of taxes.
  • Representing Peru in a pair of parallel ICSID cases brought separately by US (majority) and Netherlands (minority) shareholders in a copper mining project in connection with billions of dollars in taxes imposed on portions of the project; Freeport-McMoRan v. Republic of Peru (ICSID Case No. ARB/20/8) and SMM Cerro Verde v. Republic of Peru (ICSID Case No. ARB/20/14)).

Chair of Executive Committee: Michael J. Schmidtberger

Chair of the Management Committee: Yvette Ostolaza

Number of lawyers worldwide: Over 2,300

Number of partners: Over 650

Asia Pacific Offices: Beijing, Hong Kong, Shanghai, Singapore, Sydney, Tokyo

International Offices: Boston, Brussels, Century City, Chicago, Dallas, Geneva, Houston, London, Los Angeles, Miami, Munich, New York, Palo Alto, San Francisco, and Washington, DC

Firm Overview:

Sidley is one of the few international law firms to have continuously maintained on-the-ground capabilities to serve clients in Asia Pacific for 40 years. The firm now has approximately 230 legal professionals based in six offices across the region, and provides Singapore, US, Hong Kong, English and Japanese law advice to clients where and when they need it.

Main Areas of Practice:

      • Antitrust/Competition
      • Capital Markets
      • Energy and Infrastructure
      • Finance
      • Investment Funds
      • Life Sciences
      • Litigation, Arbitration, Trade & Advocacy
      • Mergers & Acquisitions
      • Private Equity & Venture Capital
      • Regulatory & Compliance
      • Restructuring & Insolvency