Clifford Chance > Singapore, Singapore > Firm Profile

Clifford Chance
MARINA BAY FINANCIAL CENTRE
25TH FLOOR, TOWER 3, 12 MARINA BOULEVARD
SINGAPORE 018982
Singapore

Singapore > Banking and finance: foreign firms Tier 1

Clifford Chance‘s team is praised by clients for being ‘technically sound and understands the commercial considerations‘, as it advises banking and fund clients on their regional transactions, often acting as international coordinating counsel and able to work alongside colleagues in key regional financial centres. Co-heading the department, the ‘excellentAndrew Hutchins is a cross-border finance veteran with experience in leveraged transactions and acquisition finance; Thomas England (‘extremely thorough and can be relied upon to close large deals with the minimum of fuss‘) advises borrowers and lenders on new money and restructuring transactions across Asia Pacific; and Nicholas Wong takes the lead on project finance. Counsel Joanne Chan is increasingly active in complex financial restructurings.

Practice head(s):

Andrew Hutchins; Thomas England; Nicholas Wong

Other key lawyers:

Joanne Chan; Jervis Chan

Testimonials

‘We use Tom England for complex finance work. He is extremely thorough and can be relied upon to close large deals with the minimum of fuss.’

‘The team is technically sound and understands the commercial considerations. I appreciate their assistance and ability to find solutions.’

‘Andrew Hutchins is excellent. He provides sound and clear advice.’

Lawyers in CC are generally of high quality, definitely value for money!

Key clients

ICG Strategic Equity Advisors LLC

Maybank Kim Eng Securities Pte. Ltd.

UBS AG

Keppel Infrastructure Trust

Invesco Real Estate Asia

Pierfront Private Credit

Bank of America

PGIM – various funds

ABN AMRO Bank N.V.

ING Bank N.V.

Work highlights

  • Advised Keppel Infrastructure Trust (KIT) and Metro Pacific Investments Corporation (MPIC) on the acquisition of Philippine Tank Storage International Holdings, Inc. (PTSI), which owns the largest petroleum products import storage facility in the Philippines, the Philippine Coastal Storage & Pipeline Corp. (PCSPC).
  • Acting for DBS, Standard Chartered Bank and Goldman Sachs on the facilities made available to Maxeon Solar in connection with its spin-off from Total’s subsidiary (SunPower) pursuant to three separate facilities (including a working capital facility) under an overarching common terms agreement.
  • Acted for Bank of America as coordinating bank for the arrangement of THB and USD denominated facilities for a bid acquisition by TCC Group for Tesco Thailand and Tesco Malaysia.

Singapore > Capital markets: structured finance, derivatives and securitisation: Foreign firms Tier 1

Clifford Chance brings together experts in banking and finance, capital markets and financial regulation to advise on over-the-counter (OTC) and exchange-traded derivatives, and structured products. The group is able to handle multi-jurisdictional transactions, leveraging the firm's international office network, including in Hong Kong and Tokyo. Regulatory knowledge is an area of strength for the team, and the group often provides advice on local regulatory expectations to industry bodies. Paul Landless is a key figure for structured finance, derivatives and securitisations, and has particular expertise in commodities trading. Landless is also part of the firm's Brexit markets group. Lena Ng leads the financial regulatory team, and has substantial experience advising on derivative and securitisation transactions. Capital markets lawyer Johannes Juette specialises in US securities law and handles transactions across south east Asia. Kabir Singh is the name to note for disputes relating to derivatives and is admitted in Singapore and England.

Other key lawyers:

Paul Landless; Lena Ng; Johannes Juette; Gareth Deiner; Kabir Singh; Janice Goh

Testimonials

Very knowledgeable and has global reach which assisted with ensuring all securitisation related issues were covered. Obviously a unique asset class meant having this “depth” in the team was very useful.’

Great client coverage, readily available and provided regular contact and checked in with us, which many law firms don’t bother to do.’

Key clients

Caisse de dépôt et placement du Québec (CDPQ)

Citi

ING

Standard Chartered

CME Group

Credit Suisse

Futures Industry Association (FIA)

Macquarie

Westcon Group

Work highlights

  • Advising Citi, ING and Standard Chartered as joint global coordinators, lead managers and bookrunners on Clifford Capital’s US$400m Bayfront Infrastructure Capital II cash CLO of APAC, Middle East and South American infrastructure and project finance loans.
  • Advised the consortium establishing the Partior platform on a full range of legal issues such as the regulatory analysis (including engagement with the Monetary Authority of Singapore (MAS), corporate establishment, technology licensing, and antitrust compliance.
  • Advised Westcon on the establishment of a multi-seller, multi-currency trade securitisation receivables facility provided by Westpac for the Australian, Singapore and New Zealand subsidiaries of Westcon International Limited, a subsidiary of Datatec Limited which is incorporated in South Africa and listed on the Johannesburg Stock Exchange.

Singapore > Corporate and M&A: foreign firms Tier 1

Combining domestic, regional and international law expertise, the Singapore office of Clifford Chance serves as a superhub for the firm’s activities throughout the wider South East Asia region. Its lawyers are equipped with Singaporean, Australian, English and New York law capabilities and are especially knowledgeable of the energy, infrastructure, financial institution, transport and logistics, consumer goods, retail, TMT and private equity fields. Melissa Ng is a veteran of countless M&A, joint venture and divestment transactions with a particular knowledge of the Indonesian market; she jointly co-heads the practice with Valerie Kong who distinctly advises underwriters on W&I insurance policies pertaining to M&A transactions. Tom Lin's core strengths include private equity transactions public M&A and restructurings. Beyond partner-level, counsel Alice Ho delivers general corporate advice and is also carving out a reputation for joint venture, auction and bilateral sale agreements.

Practice head(s):

Other key lawyers:

Testimonials

‘Great multi-jurisdictional team work.’

‘Melissa Ng provides very practical and highly commercial advice.’

We have engage with CC for the past decade for any of our transaction that involve cross border partner, mainly due to strong support from Mellisa Ng in each of the transaction.’

‘Mellisa Ng, very detailed, great negotiator, very hands on, and quick turn around process.’

Key clients

Actis

Berkeley Energy and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO, the Dutch development bank)

Caisse de dépôt et placement du Québec (CDPQ)

Intermediate Capital Group (ICG)

Keppel Infrastructure Trust

Metro Pacific

Ontario Teachers’ Pension Plan (OTPP)

Partners Group

Platinum Equity

PSA Corporation Limited

PT Medco Power Indonesia

PT Barito Wahana Lestari

Work highlights

  • Advised Keppel Infrastructure Trust and Metro Pacific Investments Corporation on the acquisition of Philippine Tank Storage International Holdings, Inc., which owns the largest petroleum products import storage facility in the Philippines, the Philippine Coastal Storage & Pipeline Corp. (PCSPC). PCSPC has a storage capacity of c.6m barrels, and accounts for approximately 38% of the total import terminal storage capacity in the Philippines.
  • Advised global private markets firm Partners Group, on behalf of its clients, on the joint establishment of a telecommunications infrastructure platform, Unity Digital Infrastructure (Unity), in partnership with Aboitiz InfraCapital of the Aboitiz Group.
  • Advised the consortium establishing the Partior platform on the corporate establishment, joint venture arrangements, regulatory aspects (including engagement with MAS), technology licensing, compliance and antitrust aspects.

Singapore > Financial services regulatory: foreign firms Tier 1

Clifford Chance‘s financial regulatory group sits within the banking and finance team, with experience advising at the forefront of financial transactions. It combines its advisory practice with regulatory lawyers who stand out for handling high-stakes regulatory investigations. The technology group is well integrated with the regulatory team, enabling it to assist with fintech regulation, as well as issues around data privacy and confidentiality. Lena Ng heads the financial regulatory group and has significant experience in licensing, exemptions and conduct of business matters. Disputes lawyer Kabir Singh is known for cross-border investigations, including in relation to anti-money laundering. Janice Goh has experience in benchmark- and exchange rate-related investigations. Senior associate Mae Yen Teoh is increasingly known for derivatives and financial products regulation. Sheena Teng is a professional support lawyer with experience across banking regulation, including in relation to Singapore banking reforms.

Practice head(s):

Lena Ng; Kabir Singh; Nish Shetty; Janice Goh

Other key lawyers:

Mae Yen Teoh; Luke Chen; Yaru Chia; Allison Tan; Sheena Teng

Singapore > International arbitration Tier 1

Clifford Chance‘s five-partner dispute resolution team has expertise in both commercial and investment treaty arbitration. For the latter, Paul Tan and counsel Romesh Weeramantry are among the names to note. Practice head Nish Shetty also has experience in public international law disputes as well as a range of commercial arbitrations while Paul Sandosham is noted for his energy, infrastructure, natural resources sector expertise. The group handles matters relating to a full range of jurisdictions across the region; for India, Indonesia, and South East Asia-related disputes, Kabir Singh is experienced while Joan Lim-Casanova (who is fluent in English and Mandarin) is popular among Chinese clients. Through its formal law alliance with Cavenagh Law LLP it can act in local courts in arbitration-related issues.

Practice head(s):

Nish Shetty; Paul Sandosham; Kabir Singh; Paul Tan

Testimonials

‘Outstanding team with expertise in international construction arbitration with a focus on disputes in Singapore and Hong Kong. ’

As well as being excellent lawyers with good judgment, they are very user friendly and a pleasure to work with‘.

‘Paul Sandosham has an exceptional breadth of experience in international arbitration in infrastructure disputes covering the Middle East and Asia. Charming, highly capable and committed.’

‘A very hands on expert team. Very well coordinated. ’

‘Kabir Singh -brilliant lawyer. Very committed; dedicated; expert in his field.’

‘Clifford Chance Singapore international arbitration team provides professional and practical advice. ’

‘Paul Tan is one of the best lawyers in Singapore and the best candidate whom you can entrust the most critical cases to.’

Work highlights

  • Representing an Italian multinational oilfield services company in an AU$2bn ICC Singapore-seated international arbitration commenced against it by an Australian company, concerning the development and construction of an offshore LNG jetty and marine structures.
  • Representing two subsidiaries of a leading global financial services and banking company as respondents in an AU$700m SIAC arbitration commenced by a former mining magnate and businessman in Australia and his associated companies.
  • Acting for a holding company of a group of companies with operations and assets in the energy and mining industries in an ICC Singapore-seated arbitration concerning an ownership of shares dispute.

Singapore > Investment funds: foreign firms Tier 1

Clifford Chance has an outstanding reputation in the investment funds segment, leading the field in high-value and international fundraisings; the Singapore team advised Prologis on the formation of its $1.7bn open-ended Prologis China Core Logistics Fund. The firm is at the forefront of real estate, infrastructure and private equity funds, with Singapore managing partner Kai-Niklas Schneider leading the group; it also features emerging talent Daryl Liu, who now leads many of the team’s headline engagements. Financial services regulation specialist Lena Ng and senior associate Luke Chen are also key members of the department. The group is making further headway in ESG and sustainability-linked funds, the secondary market, and boasts a number of Singapore-qualified lawyers.

Practice head(s):

Kai-Niklas Schneider

Other key lawyers:

Testimonials

‘They are highly skilled and knowledgeable, with a commercial mindset and can-do attitude. They are fast to turn drafts around and execute. Even though the staff is highly experienced, billing is not high compared to other firms as they listen to the clients needs very well and try not to reinvent the wheel unnecessarily but instead find simple but efficient solutions. People I have worked with are diverse in gender and ethnicity terms. I have worked and am still working with top law firms all across my career and CC (Singapore) is by far the best. It is an utmost pleasure to work with them. ’

‘Smarter, more commercial, knowledgeable, can-do attitude, work ethic and discipline, respect for colleagues and clients.’

‘Fund formation team, provide advisory and documentation on private real estate fund formation.’

‘Excellent technical skills and highly responsive. Everything you expect from the Magic Circle.’

‘Market-leading funds practice, global clients, outstanding market knowledge. Proficient technically.’

Excellent knowledge, responsiveness, client care and market knowledge.’

‘Luke Chen – very responsive and thinks ahead to anticipate our needs.’

Key clients

Prologis

Pierfront Capital Fund Management Pte. Ltd.

Berkeley Energy

CLSA Real Estate (Singapore) Pte. Ltd. (CLSA RE)

Various leading international asset managers – Schroders, Deutsche Bank, Credit Suisse, PIMCO, State Street, HSBC, Morgan Stanley, Quilter Investors, Optimas, BNY Mellon and UBS

Sarvatra Investments

Work highlights

  • Advised Berkeley Energy on the formation of Africa Renewable Energy Fund II (AREF II), a $500m fund investing in clean and renewable energy projects, assets and project developers in Sub-Saharan Africa.
  • Advised Prologis on the formation of its $1.7bn open-ended China core fund, Prologis China Core Logistics Fund, LP.
  • Advised Pierfront Capital Fund Management on the formation of a real asset private credit fund to mark the commencement of a strategic partnership between Keppel Capital and Pierfront Capital.

Singapore > Labour and employment: foreign firms Tier 1

Clifford Chance operates across the contentious and non-contentious employment spectrum, drawing expertise from the corporate and dispute resolution teams. Tapping into the firm’s excellent client connections and widespread geographic experience (notably in India, Indonesia and the rest of Southeast Asia), it has attracted a range of major engagements, particularly in employment investigations, regulatory investigations and employee terminations; this includes banking sector investigations into alleged misconduct and fraudulent trading. The team has also dealt with a series of employment matters connected to the transfer of asset management and financial services businesses to Singapore from Hong Kong. The firm’s Formal Law Alliance with Cavenagh Law LLP, provides it with the ability to run employment cases through the Singapore courts. Kabir Singh is the key partner on the contentious side, while Valerie Kong is noted for non-contentious expertise.

Practice head(s):

Valerie Kong; Kabir Singh

Singapore > Projects: foreign firms Tier 1

Clifford Chance is marked out by the breadth of its practice – both in geographical terms, with mandates stretching from Taiwan, Bangladesh and Indonesia to emerging and developing markets across Latin America, the Middle East and Africa – and in terms of sector type, with work cutting across every major asset type. The Asia Pacific team is led by Nicholas Wong, who is also co-head of the global projects practice; he has extensive experience advising on project development and financing, energy regulation, bankability of project structures, joint ventures, PPP and procurement. Matthew Buchanan, who oversees the Asia Pacific construction group, provides valuable assistance with the construction aspects of infrastructure projects. Ross Howard is noted particularly for his work with sponsors and lenders, including multilateral agencies and export credit agencies, on complex and often politically sensitive deals.

Key clients

Caisse de dépôt et placement du Québec (CDPQ)

Macquarie Capital

Asian Development Bank (ADB)

International Finance Corporation (IFC)

Ontario Teachers’ Pension Plan (OTPP)

Japan Bank for International Cooperation (JBIC)

Overseas Private Investment Corporation (OPIC)

ING

SMBC

Mizuho

Work highlights

  • Advised global institutional investor Caisse de dépôt et placement du Québec (CDPQ) on its $2.7bn co-investment in the 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Macquarie Capital, Ørsted and Swancor Renewable Energy (the sponsors) on their $627m 16-year project financing of the development, construction, commissioning, testing and operation of Formosa 1 – Taiwan’s first commercial scale offshore wind farm.
  • Advised OPIC, the US Government’s development finance institution, and EKF, Denmark’s Export Credit Agency, as the lenders in connection with the development and financing of a 158MW wind farm which will be constructed in the commune of Taïba N’Diaye, approximately 75km north east of Dakar, Senegal.

Singapore > Restructuring and insolvency: foreign firms Tier 1

Clifford Chance has expanded its restructuring and insolvency practice following the arrival of specialist partner Shaun Langhorne in 2020. His presence has sparked a notable increase in bondholder engagements, along mandates linked to private equity investments that have run into difficulties. He and the team are also noted for representing debtors and creditors, with additional expertise in contentious insolvency provided by Asia head of disputes Nish Shetty and Elan Krishna, who is a young partner at Cavenagh Law LLP, Clifford Chance‘s Formal Law Alliance in Singapore; the Cavenagh Law LLP team has proved pivotal on a series of court proceedings. The wider team has been especially active in the aviation sector, in the Indonesian textile industry and in international engagements using the new Singapore restructuring regime.

Practice head(s):

Nish Shetty; Shaun Langhorne

Other key lawyers:

Elan Krishna

Key clients

Gategroup Holding AG and Gategroup Guarantee Limited

Hyflux Ltd

Hyflux Membrane Manufacturing (S) Pte Ltd

Bank of China Limited, BNP Paribas, DekaBank Deutsche Girozentrale, Crédit Agricole Corporate and Investment Bank, Natixis and MUFG Bank, Ltd

Garuda Indonesia

FTI Consulting

KPMG

Work highlights

  • Advised gategroup Holding AG and gategroup Guarantee Limited, as restructuring counsel in connection with the restructuring of its financial indebtedness by way of a restructuring plan under Part 26A of the UK Companies Act 2006.
  • Advised various syndicates as transaction counsel in connection with the business rehabilitation proceedings of Thai Airways International Public Company Limited and restructuring of the financing.
  • Acted for an ad hoc Committee of Certificate holders on the international aspects of the restructuring of Garuda Indonesia’s $500m sukuk.

Singapore > Asset finance: foreign firms Tier 2

Clifford Chance is a leader in aviation finance matters, primarily acting for lenders and lessors. The team has landed a series of major engagements in airline restructurings, including US Chapter 11 bankruptcies. Moreover, working alongside the London office, the Singapore team advised the majority of aircraft lessor creditors of Malaysia Aviation Group Berhad and its subsidiaries, in respect of its ongoing restructuring under an English Scheme of Arrangement. Fergus Evans is widely recognised as a leading practitioner in the aviation finance market, having spent a large part of his career in Asia. Consultant Simon Briscoe has transferred to Sydney and ship finance specialist Kate Sherrard has joined Squire Patton Boggs. Daniel König is rated at senior associate level.

Practice head(s):

Other key lawyers:

Testimonials

‘Clifford Chance Singapore Aviation finance team is simply second to none in Asia in terms of expertise, resources, reliability, availability and speed of execution.’

‘Fergus Evans and the senior associates are highly qualified, available and quick to deliver quality service.’

‘Clifford Chance Singapore Asset Finance Team has been very supportive. This team provides specific guidance on legal issues depending on your level of experience. The number of diverse transactions they handle, the depth of knowledge and the client-focused communication are this team’s unique strengths that you cannot find elsewhere.’

‘Fergus Evans has been an excellent partner. His extensive experience in various transaction structures and customised legal advice have been an important resource for me.’

Key clients

The Hongkong and Shanghai Banking Corporation Limited

Bank of China Limited, BNP Paribas, DekaBank Deutsche Girozentrale, Crédit Agricole Corporate and Investment Bank, Natixis and MUFG Bank, Ltd.

Macquarie Aircraft Leasing Services (UK) Limited, SMBC Aviation Capital Limited, Aircastle Singapore Pte. Ltd. and Avolon Aerospace Leasing Limited

BNP Paribas, DVB Group Merchant Bank (Asia) Ltd., MUFG Bank, Ltd., CTBC Bank Co., Ltd., Cathay United Bank, Co., Ltd., JA Mitsui Leasing, Ltd.

Merx Aviation Servicing Limited

MUFG Bank, Ltd., DBS Bank Ltd., ING Bank N.V., Sumitomo Mitsui Banking Corporation, Credit Industriel Et Commercial, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, United Overseas Bank Limited, BNP Paribas, Bank of America N.A, Commerzbank AG, Commonwealth Bank of Australia, CTBC Bank Co., Ltd., Landesbank Baden-Württemberg

AerDragon Aviation Partners Limited

International Finance Corporation

Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC

Work highlights

  • Advised HSBC on the financing of an Airbus A320NEO aircraft and a Boeing 787-9 aircraft for TATA SIA Airlines Limited.
  • Advised various syndicates as transaction counsel in connection with the business rehabilitation proceedings of Thai Airways International Public Company Limited.
  • Advised various operating lessors as transaction counsel in connection with the business rehabilitation proceedings of Thai Airways International Public Company Limited.

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

At Clifford Chance, lawyers are instructed on equity and debt capital markets work, drawing on expertise in US capital markets transactions originating in Indonesia, Thailand and Singapore and leveraging an strong international office network. The group is able to handle Singapore law transactions, utilising qualifying foreign law practice and formal law alliance licenses. Jointly heading the department,  US-qualified Johannes Juette has a strong track-record in IPOs, high-yield debt issues and tender offers; Jean Thio has a practice involving US securities matters; and Gareth Deiner is a debt capital markets expert with experience in green and sustainability-linked bonds. Counsel Ying Chiang Chong is particularly known for her knowledge in retail bond regulations. In 2021, the group lost Raymond Tong to Rajah & Tann Singapore LLP and Rahul Guptan to White & Case Pte. Ltd..

Practice head(s):

Johannes Juette; Gareth Deiner; Jean Thio

Other key lawyers:

Testimonials

I would single out Johannes Juettes and Gareth Diener and also Ying Chiang Chong as our preferred counsel for all our capital markets transactions. Johannes consistently able to provide practical and commercial solutions to complex matters, demonstrating his extensive experience and ability to pivot to deal with last minute issues. Gareth is highly detailed and technical. Ying Chiang is a safe pair of hands. The CC team is definitely our go-to team in Singapore as they continuously provide excellence whilst being enjoyable to work with

A strong and dedicated team, extremely committed, dedicated and willing to put in long hours if needed.’

Johannes is one of the most outstanding capital matters lawyer I have come across. Besides being a technically sound lawyer, Johannes has a very sound insight into commercial aspects of business and can help the client to make more informed decisions.’

Key clients

Surbana Jurong

Singapore Airlines

Star Energy Geothermal Group

Government of Indonesia

Axiata Group

Bank Mandiri

ANZ, DBS

PTT Exploration and Production (‘PTTEP’)

PT Perusahan Listrik Negara (‘PLN’)

Garuda Indonesia

Harps Holding Bhd

Work highlights

  • Advised Star Energy Geothermal Group, Indonesia’s largest geothermal company, on its offering on the Singapore Stock Exchange of a dual tranche US$1.1bn green project bond – the first investment grade green project bond from the private sector in Indonesia. The offering consists of US$320m 3.25% senior secured amortising notes due 2029 and US$790m 4.85% senior secured amortising notes due 2038, both rated Baa3 by Moody’s and BBB- by Fitch and offered under Regulation S and Rule 144A.
  • Advised International Finance Corporation, IFC Emerging Asia Fund, LP and Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC, on the private placement of US$250m convertible bonds due 2027 by low-cost carrier Cebu Air, Inc. (Cebu Pacific) listed on the Philippines Stock Exchange. The bonds are convertible into common shares of Cebu Pacific. The shares issued as a result of the conversion of the convertible bonds will be listed on the Philippines Stock Exchange.
  • We advised ANZ and DBS Bank as joint lead managers on the issuance of Surbana Jurong Group’s S$250m bond offering under its US$1bn multicurrency debt issuance programme. The bond, due 2031, is the first Singapore dollar-denominated sustainability-linked bond and the first public sustainability-linked bond issuance by a Southeast Asia-based company. This is the first public sustainability-linked issuance from a Southeast Asian-based company and a first in the Singapore dollar fixed income market.

Singapore > Energy: foreign firms Tier 2

Clifford Chance continues to leverage its experienced Singapore team and deep international expertise to forge ahead in energy transition projects, particularly in the wind power segment, along with emerging technologies such as hydrogen energy. The group continues to be active in gas-to-power, including projects in Africa and Latin America. The office’s broader offering covers a range of core segments, notably project finance, corporate and M&A, fund structuring, disputes and capital markets; green bonds is a forte. Nicholas Wong is co-head of the worldwide projects group and a big name in Singapore for gas-to-power and offshore wind projects. Melissa Ng is a leading figure in energy M&A. Matthew Buchanan provides construction specialism, while Johannes Juette and Gareth Deiner are experienced partners in energy sector capital markets offerings.

Practice head(s):

Melissa Ng; Nicholas Wong

Testimonials

‘Singapore energy team and their London colleagues provided impeccable advice to us, working across locations seamlessly, which is rare. Negotiation support was great. Their knowledge of energy project finance was applied to the region intelligently, incorporating Asian markets idiosyncrasies and local legal frameworks into the international practice of energy project finance. Their team is very diverse which visibly makes a difference.’

 

Key clients

Vena Energy

Berkeley Energy

Medco Energi

Star Energy

KrisEnergy

International Petroleum Group Limited

EQT Partners

Macquarie

Keppel Infrastructure Trust

Metro Pacific

Ontario Teachers’ Pension Plan

Work highlights

  • Advised Keppel Infrastructure Trust and Metro Pacific Investments Corporation on the acquisition of Philippine Tank Storage International Holdings, Inc., which owns the Philippine Coastal Storage & Pipeline Corp.
  • Advised global institutional investor Caisse de dépôt et placement du Québec on its $2.7bn co-investment in the 605MW Greater Changhua 1 Offshore Wind Farm (Greater Changhua 1) in Taiwan.
  • Advised Star Energy Geothermal Group, Indonesia’s largest geothermal company, on its offering on the Singapore Stock Exchange of a dual-tranche US$1.1 billion green project bond – the first investment grade green project bond from the private sector in Indonesia.

Singapore > TMT: foreign firms Tier 2

Clifford Chance‘s extensive and diverse client base comprises financial investors, technology companies – ranging from established global players to start-ups – and other notable corporates, with many headquartered in Singapore and across the Asia Pacific region. The offering brings together specialists from a wide cross-section of practice areas, ensuring that the team is equally comfortable assisting with technology driven M&A, handling data protection compliance issues, resolving disputes involving technology implementations, or advising on the ever changing regulatory environment governing payments and cryptocurrencies. Banking and finance expert Paul Landless is a key contact, as is financial regulatory specialist Lena Ng. For contentious mandates Janice Goh is the name to note, while Melissa Ng is recommended for her expertise in corporate matters.

Practice head(s):

Other key lawyers:

Key clients

Contour

Partners Group

Work highlights

  • Advising the high profile start-up, Contour, on its blockchain-based messaging platform for letters of credit and other trade finance instruments, as well as assisting with its Series A+ preferred financing in which the investors consist of a new investor and certain existing shareholders.
  • Advised global private markets firm Partners Group, on behalf of its clients, on the joint establishment of a telecoms infrastructure platform, Unity Digital Infrastructure, in partnership with Aboitiz InfraCapital of the Aboitiz Group.
  • Advised the consortium establishing the Partior platform on the corporate establishment, joint venture arrangements, regulatory aspects (including engagement with MAS), technology licensing, compliance and antitrust aspects of the undertaking.

Indonesia > Legal Market Overview

Asia Pacific: Regional International Arbitration > Leading firms

Clifford Chance‘s international arbitration team is well-rated across the region for both commercial and investment treaty disputes. Regional practice group head Cameron Hassall splits his time between Sydney and Hong Kong while Shanghai-based Lei Shi and Thomas Walsh in Hong Kong jointly lead the Greater China practice which excels in private equity and corporate disputes. Also in Hong Kong, the group benefits from the addition of Jonathan Wong from Freshfields Bruckhaus Deringer, who handles arbitration cases with a focus on cross-border and Greater China matters. In Singapore – where the firm has a local law alliance with Cavenagh Law LLP -, its strong team is led by Nish Shetty and includes energy and infrastructure disputes expert Paul Sandosham, investment arbitration expert Paul Tan and Kabir Singh, who is known for handling disputes relating to India and Indonesia. In Perth practice head Sam Luttrell and Amanda Murphy excel in natural resources, energy and mining sector and investment treaty disputes.

Practice head(s):

Cameron Hassall;

Indonesia > Foreign firms Tier 1

Clifford Chance is a M&A and capital markets powerhouse in Indonesia, representing leading international and domestic clients on high profile transactions. The capital markets practice offers a full range of services and covers both debt and equity capital raisings, while banking and finance, dispute resolution and projects are the other main pillars. Corporate and M&A specialist Melissa Ng heads the team and has particular sector expertise in energy, consumer goods, financial institutions and technology; Johannes Juette is a US-qualified lawyer and advises clients on capital markets transactions; Thomas England specialises in banking and finance; Kabir Singh is recommended for international arbitration and disputes; and Paul Sandosham heads the South East Asia energy, infrastructure and resources disputes practice.

Practice head(s):

Melissa Ng

Key clients

PT Barito Wahana Lestari

Medco Energi

Credit Suisse

ABN Amro

PT Garuda Indonesia (Persero) Tbk

Digital Edge

Republic of Indonesia

Adaro Power

PT Archi Indonesia TBK

Work highlights

  • Advised on PT Medco Power Indonesia’s sale of a minority interest in its gas IPP and O&M business in Indonesia to Kansai Electric Power Company.
  • Advised Credit Suisse and DBS as joint bookrunners on PT Japfa Comfeed’s $350m Senior Fixed Rate Sustainably Linked Bond (SLB) issuance.
  • Acted for an Indonesian branch of a global American financial institution in a corporate investigation involving the facilitation trading business within that investigation.

Malaysia > Foreign firms Tier 1

Clifford Chance’s cross-practice team is jointly led by Valerie Kong and Johannes Juette, following the departure of practice head Raymond Tong to Rajah & Tann Singapore LLP in February 2021. Partnering with selected local firms, it has a track record in industries such as energy, private equity, real estate, healthcare and agriculture. In a recent highlight, it advised Harps Holding Bhd, a Malaysian disposable glove manufacturer, on its forthcoming listing, sought on the back of strong demand for its nitrile gloves during the COVID-19 pandemic. Notable members of the team include Tom England who specialises in complex financing transactions across a broad range of areas, including leveraged and acquisition finance; energy and resources financings. Nicholas Wong is experienced in advising sponsors, banks, export credit agencies, multilateral financial institutions and development banks on projects around the world in the oil and gas, energy, natural resources and infrastructure sectors. Gareth Deiner  specialises in debt capital markets and Daryl Liu advises clients on the formation of, and investment in, a wide variety of funds, including private equity funds, real estate funds, infrastructure funds, venture capital funds,  and hedge funds.

Practice head(s):

Testimonials

The capital markets team in Singapore not only have relevant international and regional experience, but also a good understanding of the local (i.e. Malaysian) context.’

Key clients

Axiata

Berjaya Corporation Berhad (Berjaya)

PCC Oxyalkylates Malaysia Sdn Bhd

CLSA Securities Malaysia Sdn Bhd

Serba Dinamik Holdings Berhad

Maybank Investment Berhad

CIMB Investment Bank Berhad

Credit Suisse Securities (Malaysia) Sdn Bhd

Work highlights

  • Advised Harps Holding Bhd, a Malaysian disposable glove manufacturer, on its forthcoming listing, sought on the back of strong demand for its nitrile gloves during the COVID-19 pandemic.
  • Advised Bank of America as coordinating bank for the arrangement of THB and USD denominated facilities for a bid acquisition by TCC Group for Tesco Thailand and Tesco Malaysia.
  • Advised Citi, CIMB, Standard Chartered Bank and UBS as the arrangers and bookrunners on Axiata Group’s dual offering of $500m 10-year trust certificates and $1bn 30-year senior notes, each rated Baa2(s) by Moody’s and BBB+(s) by S&P.

Philippines > Foreign firms Tier 1

Clifford Chance is known for ‘top notch‘ work in M&A and projects and energy in the Philippines. The firm advises clients on numerous high-profile transactions, notably Coca-Cola Beverages Philippines’ joint venture with Indorama Ventures in order to establish PETValue, which will be the largest, state-of-the-art, bottle-to-bottle recycling facility in the Philippines. Led by Cameron Hassall, the firm also has a strong international arbitration practice,  evidenced through the team’s involvement in representing two instrumentalities of the Government of the Republic of the Philippines in a $1bn dispute concerning the award of a national energy concession. Tom Lin and Johannes Juette are recommended for their in-depth knowledge in M&A and corporate finance, and their keen insights into market practice.

Practice head(s):

Other key lawyers:

Testimonials

‘Clifford Chance is a highly reliable law firm. Their lawyers consistently deliver excellent results. The counsels have very good commercial sense and have a deep understanding of transactions. They can anticipate client’s needs and respond accordingly.’

‘The team was able to address the issues of the transaction, and raise only the relevant points for our consideration. This is important for purposes of trusting that the legal counsel can well represent and advocate for us in negotiations.’

‘They were very attentive, professional, and responsive to our requests and clarifications.’

‘I have been working with CC for over 20 years now and the quality of their service is always top notch. They know how to work with local counsel and their expectations from local counsel are clearly communicated from the start.’

‘Tom Lin and Johannes Juette are very knowledgeable in their practice areas and provide very keen insights on market practice which makes it easier for the clients to make decisions based on the advice provided.’

‘Cameron Hassall is an experienced advocate and knows how to zoom in on the important issues from the lens of the arbitrators. Very easy to work with and makes himself personally available.’

‘Tom Lin and Johannes Juette are very knowledgeable in their practice areas and provide very keen insights on market practice which makes it easier for the clients to make decisions based on the advice provided.’

Key clients

The Coca-Cola Beverages Philippines

Advantage Partners

Keppel Infrastructure Trust and Metro Pacific Investments Corporation

Partners Group

International Finance Corporation

Public Investment Fund

Work highlights

  • Advised International Finance Corporation, IFC Emerging Asia Fund, LP and Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC, on the private placement of $250m convertible bonds due 2027 by low-cost carrier Cebu Air, Inc. listed on the Philippines Stock Exchange.
  • Advised Partners Group, on behalf of its clients, on the joint establishment of a telecommunications infrastructure platform, Unity Digital Infrastructure, in partnership with Aboitiz InfraCapital of the Aboitiz Group.
  • Advised Keppel Infrastructure Trust and Metro Pacific Investments Corporation on the acquisition of Philippine Tank Storage International Holdings, which owns the largest petroleum products import storage facility in the Philippines, the Philippine Coastal Storage & Pipeline Corp.

Vietnam > Foreign desks Tier 1

Clifford Chance's involvement in the Vietnamese market dates back more than 30 years. It draws upon the experience of partners and associates based in Singapore and Tokyo to advise on banking and finance, corporate and M&A, as well as projects and energy mandates. In Singapore, Fergus Evans focuses on syndicated loans and project finance transactions, as well as aircraft and asset finance matters. Another key individual is Ross Howard, who is experienced in the financing aspects of energy, natural resources and infrastructure projects. Elsewhere, Hans Menski in Tokyo is another key individual with finance expertise, including in ECA-backed and multi-source financings. The corporate and M&A side of the practice is largely led by Valerie Kong. The firm regularly works with the leading independent firm VILAF.

Other key lawyers:

Testimonials

‘Expertise in project finance and market knowledge/application in Vietnam; commercially-sensible approach; great on management of local counsel and local law issues; positive fun approach to work and clients.’

Key clients

Asian Development Bank

AIA

Work highlights

  • Advised Asian Development Bank on the financing of a 257MW solar power plant.
  • Advised AIA Group Limited’s amendment, restatement and extension of its $100m equivalent multicurrency revolving umbrella credit facility agreement.

India > Foreign firms Tier 2

With a deep knowledge of the Indian market, and the legal problems it throws upClifford Chance LLP is an attractive option for cross-border deals that have an India aspect. The practice is headed by Nish Shetty and Kabir Singh in Singapore, both of whom have extensive arbitration practices, and Mark Poulton and Ranbir Hunjan in London. Expertise is provided for corporate transactions, financings and litigation/arbitration matters. It has an extensive roster of US, international, investment and Indian banks and funds, and has a strong focus on investments, mergers and acquisitions in the energy markets. Thomas England is a key partner for banking and finance work; advising banks and borrowers on financing and restructurings across South and Southeast Asia, and US qualified Johannes Juette‘s expertise covers capital markets and securities law. Paul Tan joined the team in late 2020 from Rajah & Tann Singapore LLP; he is a partner with Cavenagh Law (which has a formal law alliance – Clifford Chance Asia). Tan is part of the team that has extensive experience of arbitration matters including SIAC, ICC, LCIA and ICSID.

Testimonials

The members of the team are very experienced and able, with a deep knowledge of the Indian market, and the legal problems it throws up.’

‘They are outstanding lawyers, with bags of experience and good judgment. Standout partners in this area are Nish Shetty, Paul Sandoshan and Kabir Singh.’

Key clients

Embassy Office Parks

Kotak Mahindra Capital Company

Citibank

Blackstone

Adani Green Energy Limited

Goldman Sachs India

Morgan Stanley India

SBI Capital Markets

Partners Group

Berkeley Energy

Work highlights

  • Advising Adani Green Energy Limited on its c.USD 3.5 billion acquisition of SB Energy’s 5 GW India renewable power portfolio.
  • Advised the lead managers, Barclays Bank PLC, Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, MUFG Securities Asia Limited, Standard Chartered Bank  on the US$1 billion Rule 144A/Reg S drawdown of Notes by Export-Import Bank of India.
  • Advising a major Indian conglomerate on issues in relation to the investment and its various strategic options.

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices: Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh

Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices