Hanafiah Ponggawa & Partners – Dentons HPRP > Jakarta, Indonesia > Firm Profile
Hanafiah Ponggawa & Partners – Dentons HPRP Offices

WISMA 46 KOTA BNI, 32ND AND 41ST FLOOR (MAIN RECEPTION)
JL. JENDERAL SUDIRMAN KAV.1
JAKARTA 10220
Indonesia
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- Hanafiah Ponggawa & Partners – Dentons HPRP
Hanafiah Ponggawa & Partners – Dentons HPRP > The Legal 500 Rankings
Indonesia > Aviation Tier 1
Hanafiah Ponggawa & Partners – Dentons HPRP’s workload includes aircraft financing, sales and purchases, asset transfers, suspensions of payments and leasing matters. The practice is also well-placed to leverage the expertise of its litigation team to advise on aviation-related disputes. Andre Rahadian, who acts for airline companies, including Garuda Indonesia and Sriwijaya Air, aircraft lessors and financial institutions on regulatory mandates, jointly leads the practice alongside Hendra Ong, who is noted for his expertise in aircraft leasing and financing work, in addition to other aviation-related transactions. Senior associate Ken Atyk Nastiti is another key member of the team.Practice head(s):
Andre Rahadian; Hendra Ong
Other key lawyers:
Key clients
MUFG Bank
Apachee Pte. Ltd.
Petrichor Global Pte. Ltd.
PT Jet Eksekutif Travya
Cessna Finance Export Corporation – Marta Buana Abadi
Textron Financial Corporation
PT Smart Cakrawala Aviation
Cessna Finance Export Corporation – Enggang Air Service
German Operating Aircraft Leasing GmbH & Co. KG
Work highlights
- Advised Textron Financial Corporation on the repossession and termination of lease of $15.25m aircraft worth.
- Acted for Petrichor Global Pte. Ltd. on the purchase of private jet and engines worth U$6.95m.
- Advised Cessna Finance Export Corporation on the repossession and deregistration of aircraft worth approx. $3m.
Indonesia > IT, Telecoms and Fintech Tier 1
Hanafiah Ponggawa & Partners – Dentons HPRP handles a broad range of matters concerning data protection and regulatory compliance, and has recently bolstered its expertise in the entertainment sector. As part of the Dentons network, the team has the capability to assist high-profile clients on cross-border transactions, in collaboration with offices worldwide, the likes of which include Amazon Web Service, Cyber Logistic, and Experian PLC. Andre Rahadian, who advises on e-commerce and fintech matters, leads the practice alongside Fabian Buddy Pascoal and Maurice Maulana Situmorang. Erwin Kurnia Winenda and senior associate Mika Isac Kriyasa, who previously served as legal counsel at a media and broadcast company, are also key contacts in the group.Practice head(s):
Andre Rahadian; Fabian Buddy Pascoal; Maurice Maulana Situmorang
Other key lawyers:
Mika Isac Kriyasa; Erwin Kurnia Winenda; Michael A. Kaihatu
Testimonials
‘Erwin Kurnia Winenda assisted my client for a crypto currency exchange business and Michael A. Kaihatu assisted my client for an app-based service provider. They were able to communicate clearly on a number of solutions to resolve the complex issues.’
Key clients
PT Bank Fama International
PT Telekomunikasi Indonesia International
Amazon Web Service
Experian PLC
PT Telekomunikasi Indonesia
PT Taspen (Persero)
Cyber Logistic
Firestorm-Sea
Lending Ark
Absolutely Digital Limited
Accial Capital Management LLC
Work highlights
- Advised Amazon on its presence in Indonesia through the AWS data center.
- Advised Experian PLC on data privacy issues.
- Provided advice to Telin regarding its ongoing concerns of its business portfolio in Australia.
Indonesia > Antitrust and competition Tier 2
Hanafiah Ponggawa & Partners – Dentons HPRP acts for corpoate clients on compliance matters relating to anti-monopoly issues following an acquisition, and is well-placed to leverage the firm’s international footprint to advise on the competition law aspects of cross-border transactions. The practice also assists clients who receive warnings from regulators for incomplete anti-monopoly reports, and reducing the subsequent sanctions. Practice leader Sartono advises on competition litigation and is closely supported by senior associate Egaputra Novia. Maurice Maulana Situmorang, who is praised as ‘outstanding’, is another key member of the team.Practice head(s):
Sartono
Other key lawyers:
Egaputra Novia; Constant M. Ponggawa; Linna Simamora; Danny Sinaga; Gading Sanyjaya; Timothy Joseph Inkiriwang; Fabian Buddy Pascoal; Andre Rahadian; Maurice Maulana Situmorang
Testimonials
‘Maurice Maulana Situmorang was the main partner in charge of the merger filing case. His team was highly organised and systematic as one team. I do not hesitate to say that Maurice is an outstanding partner who can lead a team for the best result.’
‘I felt that the entire team were extremely flexible and interpersonal.’
Key clients
KL-Kepong Plantation Holdings Sdn. Bhd, (KLKPH)
Taiko Plantations Pte. Ltd.
PT KLK Dumai (KLKD)
Kuala Lumpur Kepong Berhad (KLK)
Emerald SPV Co., Ltd
Perkumpulan Produsen Pemanis Indonesia
Work highlights
- Assisted in lowering the penalty for late submission of post-acquisition notifications to 12% of the maximum possible IDR 100 billion.
- Assisted in lowering the penalty for late submission of post-acquisition notifications to 5% of the maximum possible ISR 25 billion.
- Applied for safeguard measures against sugar imports.
Indonesia > Capital markets Tier 2
As part of the Dentons network, Hanafiah Ponggawa & Partners – Dentons HPRP is well-equipped to advise on large cross-border transactions for high-profile clients. In addition to its transactional expertise, the practice also advises on contentious matters, such disputes and capital markets arbitration, and is led by Erwin Kurnia Winenda, Fabiola Hutagalung, Michael Kaihatu and Chadri Jurnalis. Winenda has over 20 years’ experience in domestic and international transactions and is recommended for IPOs, bond offerings and rights issues, among other areas.Practice head(s):
Erwin Kurnia Winenda; Fabiola Hutagalung; Michael Kaihatu; Chadri Jurnalis
Key clients
PT Bank Neo Commerce Tbk. (“BBYB”)
PT RHB Bank Sekuritas Indonesia
PT Hasnur Internasional Shipping, Tbk.
Work highlights
- Assisted in $173m rights issue (PT Bank Neo Commerce Tbk.)
- Advised PT Hasnur Internasional Shipping, Tbk. on its IPO which raised approx. $11m.
- Advised PT RHB Bank Sekuritas Indonesia as the petitioner in arbitration proceedings before the Indonesian Capital Market Arbitration Board against several individuals (customer) on the basis of a default on an agreement.
Indonesia > Dispute resolution Tier 2
Hanafiah Ponggawa & Partners – Dentons HPRP is active across a wide range of sectors in the market, including banking, energy, mining, technology, plantations and healthcare, and assists clients with litigation and arbitration, civil lawsuits and shareholder disputes. The practice leans on Dentons’ global network for support on cross-border cases and often handles cases across Asia. The five-partner team is led by Sartono, Linna Simamora, Danny Sinaga, Gading Sanyjaya and Timothy Inkiriwang. Experienced litigator Sartono handles civil disputes involving land, breach of contract and tort cases, and bankruptcy cases involving bankruptcy and the suspension of payments, among other areas. Simamora advises clients on civil, criminal and commercial cases, as well as state administrative court or non-court related cases.Practice head(s):
Sartono; Linna Simamora; Danny Sinaga; Gading Sanyjaya; Timothy Inkiriwang
Other key lawyers:
Fabian Buddy Pascoal
Testimonials
‘The team is very helpful and friendly to answer all queries in a timely manner, which made us comfortable to ask question and understand more.’
‘We are happy to keep the engagement with HPRP.’
‘Fabian Buddy Pascoal is not only handling the specific case, he is also provided good suggestions based on the legal aspects on whichever procedure deemed necessary. He is our trusted legal support.’
‘Dentons HPRP has a complete experience on both sides, issuance and defendant. Such experiences are also useful to have comprehensive insight particularly in bankruptcy matters.’
‘Very helpful and ready to render their best to the client.’
Key clients
Eneco Energy Limited
PT RHB Bank Sekuritas Indonesia – Jiwasraya
Inalum
KEB Hana
Inalum
CyberLogitec Co. Ltd.
RHB Sekuritas Indonesia – BAPMI
Nunukan Jaya Lestari
Hago Igur Energy
Work highlights
- Advised PT Nunukan Jaya Lestari on a state administration lawsuit challenging the issuance of a decree revoking the Plantation Business License by the Regent of Nunukan Regency.
- Defending a bank against nearly 200 claimants in $18.6m class action suit on mis-selling of insurance products.
- Represented PT RHB Bank Sekuritas Indonesia as the petitioner in arbitration proceedings before the Indonesian Capital Market Arbitration Board against several individuals (customers) on the basis of the default on an agreement to trade shares through the client.
Indonesia > Real estate Tier 2
With experience across the hospitality, manufacturing and e-commerce sectors, Hanafiah Ponggawa & Partners – Dentons HPRP advises on a range of real estate transactions, including land acquisitions, restructurings and share disposals, in addition to general corporate matters. Al Hakim Hanafiah, who acts for domestic and international clients on the real estate aspects of energy and infrastructure projects, leads the team alongside Constant Ponggawa, Fabian Buddy Pascoal, Chadri Jurnalis and Fabiola Hutagalung. Senior associate Trijoyo Ariwibowo is another key contact.Practice head(s):
Al Hakim Hanafiah; Constant Ponggawa; Fabian Buddy Pascoal; Chadri Jurnalis; Fabiola Hutagalung
Other key lawyers:
Key clients
PT Sariarthamas Hotel International
PT Jazz Audio Indonesia
Work highlights
- Acting for PT Sariarthamas Hotel International in its plan to develop and rebrand Sari Pacific Jakarta hotel.
- Advising PT Jazz Audio Indonesia on its $2m land acquisition.
Indonesia > Shipping Tier 2
Hanafiah Ponggawa & Partners – Dentons HPRP advises its roster of clients on a broad range of matters, from financing, repossession and asset transfers to sale purchases, leasing arrangements, payment suspensions and shipping disputes. As part of Dentons’ network, the team is well-placed to leverage the firm’s global footprint to handle cross-border mandates, in Asia, Europe and the US. Andre Rahadian, who acts for domestic and foreign clients on corporate transactions in the shipping sector, leads the practice alongside Hendra Ong, Danny Bonar Sinaga and Michael Kaihatu, while senior associate Dinda Triwijanarko is another key member of the group.Practice head(s):
Andre Rahadian; Hendra Ong; Danny Bonar Sinaga; Michael Kaihatu
Other key lawyers:
Key clients
Swire Shipping Pte. Ltd.
PT Citra Pertiwi Nusantara/PT Jembayan Muarabara
PT Amas Iscindo Utama
Hasnur
PT Pengembang Pelabuhan Indonesia
Work highlights
- Advised Swire Shipping Pte. Ltd. on the divestment of $20.6m worth of shares in exercise of tag, alongside rights in a share sale and purchase.
- Advised PT Amas Iscindo Utama on the sale of vessels to a foreign buyer for $6.075m.
- Advised PT Citra Pertiwi Nusantara/PT Jembayan Muarabara on the transfer of assets.
Indonesia > Banking and finance Tier 3
The banking and finance team at Hanafiah Ponggawa & Partners – Dentons HPRP is led by Chadri Jurnalis, Fabiola Hutagalung, Erwin Kurnia Winenda and Michael Kaihatu and advises banks and financial institutions on a range of transactional issues. The firm leans on Dentons’ global network for support on cross-border matters.Practice head(s):
Chadri Jurnalis; Fabiola Hutagalung; Erwin Kurnia Winenda; Michael Kaihatu
Key clients
PT Bank Neo Commerce Tbk. (“BBYB”)
PT Bank Fama International
PT Timas Oceanstar Indonesia
Lending Ark
Onstar Express Pte. Ltd.
Accial Capital Management LLC
RHB Bank Berhad
MUFG Bank
FIRESTORM-SEA PTE.LTD (Akulaku Group)
Apple Bank and PT DSH
Work highlights
- Avised PT Timas Oceanstar Indonesia on the replacement of a Singaporean lender with Indonesian lender for loan of up to $85m at the last moment.
- Advised Lending Ark and CLSA Capital Partners on $20m of financing for a P2P lending platform.
- Assisted PT Bank Neo Commerce Tbk. (“BBYB”) in the issuance of new shares to its shareholders (right issue) witha value of around $173m.
Indonesia > Corporate and M&A Tier 3
Hanafiah Ponggawa & Partners – Dentons HPRP is active in the banking, telecoms, transportation, plantation, manufacturing and retail sectors, with a focus on transactional corporate work and regulatory matters. As part of the Dentons’ network, the firm is well-placed to handle cross-border M&A deals and acts for a range of domestic and international clients. Key practitioners include Hendra Ong, who assists clients with investment plans, and Giovanni Mofsol Muhammad, who handles FDI, joint ventures and restructurings.Practice head(s):
Constant Ponggawa; Al Hakim Hanafiah; Fabian Pascoal; Andre Rahadian; Sartono; Giovanni Muhammad; Hendra Ong; Chadri Jurnalis; Fabiola Hutagalung; Linna Simamora; Erwin Kurnia Winenda; Danny Bonar Sinaga; Maurice Situmorang; Michael Kaihatu; Nashatra Prita; Timothy Inkiriwang; Winda Tania
Key clients
PT Bahari Perdana Persada
PT Kereta Api Indonesia (Persero)
PT Mersifarma Tirmaku Mercusana
Under Armour
Clase Azul Asia Co Ltd.
Graade Consulting Limited
Swire Shipping Pte. Ltd.
KLK Berhad
Absolutely Digital Limited
PT Jasa Marga (Persero) Tbk
PT Bank Fama International (“Fama”)
PT Toyota Motor Manufacturing Indonesia (“TMMIN”)
PT Telkom Indonesia (Persero) Tbk
Legend Capital
PT Sari Murni Abadi (“PT SMA”)
PT Taspen (Persero) (“Taspen”)
PT Pertamina Patra Niaga (“PPN”)
PT Rajawali Nusantara Indonesia (Persero) PT Berdikari
ATS Automation Tooling System
PT Integra Padma Mandiri (“PT IPM”)
Work highlights
- Assisted on the acquisition of SOE shares worth approx. $18.2m by conglomerate PT Jasa Marga (Persero) Tbk.
- Representing international sportswear brand Under Armour.
- Advised PT Bank Fama International on a share sale valued at around $128m.
Indonesia > Labour and employment Tier 3
With demonstrable experience across the banking, healthcare and consumer goods sectors, Hanafiah Ponggawa & Partners – Dentons HPRP’ employment practice sits within the firm’s litigation team and is well-placed to advise on employment disputes, in addition to acting for corporate clients on the employment aspects of M&A deals. On account of its association with Dentons, the team has the capability to assist on cross-border transactions alongside other offices worldwide. Linna Simamora is noted for her employment litigation and matters concerning industrial relations, while commercial litigator Gading Sanyjaya is also a key name to note for employment disputes. Simamora and Sanyjaya collectively lead the practice alongside Sartono, Danny Bonar Sinaga and Timothy Inkiriwang.Practice head(s):
Sartono; Linna Simamora; Danny Sinaga; Gading Sanyjaya; Timothy Inkiriwang
Key clients
Holland American Line – Holland American Group
Indonesia > Projects and energy Tier 3
Hanafiah Ponggawa & Partners – Dentons HPRP has experience across the oil and gas, infrastructure and transport sectors. The practice advises on project financings, infrastructure projects and suspension of payment issues, and is well-placed to collaborate with the firm’s litigation group to handle energy-related disputes. Key contacts in the team include Hendra Ong, Andre Rahadian, who has experience in the resources and infrastructure sectors, and Giovanni Mofsol Muhammad.Practice head(s):
Fabian Buddy Pascoal; Giovanni Mofsol Muhammad; Andre Rahadian; Al Hakim Hanafiah; Hendra Ong; Chadri Jurnalis; Maurice Maulana Situmorang; Danny Bonar Sinaga; Michael A. Kaihatu; Winda Tania
Key clients
Eneco Energy Limited
PT MRT Jakarta (Perseroda)
PT Kereta Api Indonesia (Persero)
PT Pengembang Pelabuhan Indonesia
PT Indonesia Asahan Aluminium (Persero)
PT MRT Jakarta (Perseroda)
PT Energi Tanjung Tiga
PT Telekomunikasi Indonesia International
PT Timas Oceanstar Indonesia
Pertamina Power Indonesia
PT Pertamina Patra Niaga (“PPN”)
Hago Igur Energy
Work highlights
- Advised on a contract package signing for the development of Jakarta MRT Phase 2A (PT MRT Jakarta (Perseroda).
- Advised on the replacement of Singaporean lender with Indonesian lender for loan of up to USD 85 million (PT Timas Oceanstar Indonesia).
Hanafiah Ponggawa & Partners – Dentons HPRP > Firm Profile
The firm: Beginning as the law office of Mr L Hanafiah in 1953 and reconstituted in 1990, today Dentons HPRP is one of Indonesia’s top five largest law firms. We always put our clients at the center of what we do, at the corner of our corporate philosophy and culture. We would like to be recognized as a responsive and reliable partner that brings benefits to our clients.
Always thinking ahead, we understand that industries are evolving and business needs are changing. This environment has influenced us to provide seamless services through maintaining and expanding our presence worldwide by combining with Dentons, the world’s largest global law firm which has more than 10,000 lawyers in 73 countries across the globe, in late 2018. As a part of Dentons, we provide unparalleled coverage across the globe in 40 practice areas and 24 sectors.
We maintain the excellence and continual professional growth of our lawyers in mastering different areas of law including corporate and commercial, employment and litigation, financial services, intellectual property, international trade, real estate, transportation, and resources and infrastructure. We are already pursuing an aggressive growth strategy to increase capabilities in the following sectors: infrastructure, including natural resources; renewable energy; and electronic business, including FinTech and E-commerce. With deep experience, strong dedication, and long-term commitment, we present quality legal services in timely and cost-sensitive representation.
Our team of experienced lawyers are highly regarded and we are noted for our strong and active presence within the ASEAN region. With our knowledge of the laws, language, and business customs, we offer you deep local expertise, with a global perspective.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Corporate and commercial (M&A, investment, divestment, restructuring, spin-off) | Constant Ponggawa | ||
Corporate and commercial (M&A, investment, divestment, restructuring, spin-off) | Giovanni Mofsol Muhammad | ||
Labour and employment | Sartono | ||
Labour and employment | Linna Simamora | ||
Litigation (commercial litigation, arbitration, alternative dispute resolution) | Sartono | ||
Litigation (commercial litigation, arbitration, alternative dispute resolution) | Linna Simamora | ||
Financial services (banking and non- banking) | Chadri Jurnalis | ||
Financial services (banking and non- banking) | Fabiola Hutagalung | ||
Capital markets | Erwin Kurnia Winenda | ||
Capital markets | Andre Rahadian | ||
Intellectual property | Linna Simamora | ||
International trade | Andre Rahadian | ||
Real property and construction | Fabian Buddy Pascoal | ||
Real property and construction | Fabiola Hutagalung | ||
Hospitality | Al Hakim Hanafiah | ||
Natural resources (mining, oil and gas, plantation) | Al Hakim Hanafiah | ||
Natural resources (mining, oil and gas, plantation) | Danny B. Sinaga | ||
Power and energy | Andre Rahadian | ||
Power and energy | Hendra Ong | ||
Technology and telecommunications | Andre Rahadian | ||
Technology and telecommunications | Erwin Kurnia Winenda | ||
Infrastructure | Al Hakim Hanafiah | ||
Infrastructure | Giovanni Mofsol Muhammad | ||
Aviation | Andre Rahadian | ||
Aviation | Hendra Ong | ||
Shipping | Giovanni Mofsol Muhammad | ||
Shipping | Danny Bonar Sinaga |
Staff Figures
Number of lawyers : 81Languages
Bahasa Indonesia Dutch English MandarinHanafiah Ponggawa & Partners – Dentons HPRP > Firm Profile
Beginning as the law office of Mr. L. Hanafiah in 1953 and reconstituted in 1990, today Dentons HPRP is one of Indonesia’s top 5 largest law firms. We always put our clients at the center of what we do, at the corner of our corporate philosophy and culture. We would like to be recognized as a responsive and reliable partner that brings benefits to our clients.
Always thinking ahead, we understand that industries are evolving and business needs are changing. This environment has influenced our firm to provide seamless services through expanding our presence worldwide by combining with Dentons, the world’s largest global law firm in late 2018. As a part of Dentons, we provide unparalleled coverage across the globe in a wide range of practice and sector.
We maintain the excellence and continual professional growth of our lawyers in mastering different areas of law and pursue an aggressive growth strategy to increase capabilities in a range of potential sectors, including renewable energy, venture technology and emerging growth companies. With deep experience, strong dedication, and long-term commitment, we present quality legal services in timely and cost-sensitive representation.
Consistently ranked in leading publications and received accolades for our standards of excellent, our team of experienced lawyers are noted for our strong and active presence within the nation and the Asia Pacific region. With our knowledge of the laws, language, and business customs, we offer you deep local expertise, with a global perspective.
Rely on our full-service capabilities to help you achieve your business goals. Our team will help you complete a deal, solve your business challenge, or even resolve a dispute by providing specific advice anywhere you need us.
Visit our website for further details dentons.hprplawyers.com/
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Dispute Resolutions; Restructuring & Insolvency | Sartono | sartono@dentons.com | +62 812 1034 697 |
Real Estate | Al Hakim Hanafiah | alhakim.hanafiah@dentons.com | +62 816 850744 |
Real Estate; Corporate and M&A | Constant M. Ponggawa | constant.ponggawa@dentons.com | |
Aviation; IT, Telecom, Fintech | Andre Rahadian | andre.rahadian@dentons.com | +62 816 898654 |
Antitrust and Competition; Intellectual Property, Projects & Energy | Fabian Buddy Pascoal | fabian.pascoal@dentons.com | +62 812 8888 899 |
Corporate and M&A | Giovanni Mofsol Muhammad | giovanni.muhammad@dentons.com | +62 811 897 012 |
Aviation; Projects & Energy | Hendra Ong | hendra.ong@dentons.com | +62 811 8400756 |
Banking & Finance | Chadri Jurnalis | chadri.jurnalis@dentons.com | +62 811 171716 |
Banking & Finance; Capital Market | Fabiola Hutagalung | fabiola.hutagalung@dentons.com | +62 811 897062 |
Labour & Employment; Intellectual Property | Linna Simamora | linna.simamora@dentons.com | +62 816 773 310 |
Capital Market; IT, Telecom, Fintech | Erwin Kurnia Winenda | erwin.winenda@dentons.com | +62 812 90732284 |
Shipping | Danny Bonar Sinaga | danny.sinaga@dentons.com | +62 818 470417 |
Antitrust and Competition; Projects & Energy | Maurice Maulana Situmorang | maurice.situmorang@dentons.com | +62 813 3375 7555 |
Corporate and M& A; Shipping | Michael A. Kaihatu | michael.kaihatu@dentons.com | +62 815 9467037 |
Corporate and M&A; Real Estate | Nashatra Prita | nashatra.prita@dentons.com | +62 811 889 301 |
Restructuring & Insolvency | Gading Sanyijaya | gading.sanyjaya@dentons.com | +62 816 1312 671 |
Projects & Energy | Winda Tania | winda.tania@dentons.com | +62 813 1407 7885 |
Dispute Resolutions | Timothy Joseph Inkiriwang | timothy.inkiriwang@dentons.com | +62 818 952 560 |
IT, Telecom & Fintech | Mika Isac Kriyasa | mika.kriyasa@dentons.com | +62 811 9112 743 |
Chief Operating Officer | Wisaksono Soegandhi (Nongki) | wisaksono.soegandhi@dentons.com | +62 816 792 087 |
Staff Figures
Partners and Associate Lawyers : 90Languages
English Mandarin IndonesianClient Testimonials
CLIENT: Helmut Modlik, Chief Executive Officer
COMPANY/FIRM: Te Runanga O Toa Rangatira Inc (Ngati Toa)
TESTIMONIAL: “Pleasant people with values I share, that are highly competent, and provide quality advice and service, at appropriate pricing with no unpleasant surprises.”
CLIENT: Bridget Morris, GM HSE and People & Performance
COMPANY/FIRM: George Weston Foods
TESTIMONIAL: “I find the value I get from the advice is high as it’s done succinctly and efficiently and is always of a pragmatic nature, and shows a clear understanding of our business. Best lawyers I’ve worked with who really understand our needs and the current business climate/environment.”
CLIENT: David Tikao, former Executive Director, Whai Rawa
COMPANY/FIRM: Te Rūnanga o Ngāi Tahu
TESTIMONIAL: “Our Dentons legal team have accessed global advice where necessary to give a more thorough legal delivery. They are happy to converse with our internal legal team (and external overseas lawyers in other jurisdictions) where necessary – which is hugely appreciated. Dentons lawyers are more than lawyers. They are a formidable partnership and critical to our business success.”
CLIENT: Miki Szikszai, Chief Executive
COMPANY/FIRM: Snapper
TESTIMONIAL: “We get excellent, pragmatic advice which is targeted at our level of maturity and competence by Dentons partners who clearly have mastery of their domain.”
CLIENT: Anonymous
COMPANY/FIRM: Anonymous
TESTIMONIAL: “The advice provided is prompt and exactly what we are after. I like that there is acknowledgement that my in-house team has legal experience so doesn’t need general legal advice, we are usually after clarification of a specific point, and our needs are met in this regard. The advice provided is in a format that we can circulate to the business, and this adds to the credibility of our internal team whilst also giving the business confidence that our external providers know our business well.”
Press Releases
Dentons advised on the global offering of €75 million 4.60 per cent. Credit Enhanced Bonds due 2026 for Gaoyou City Construction Investment Development Group
7th March 2023 Dentons has represented Gaoyou City Construction Investment Development Group, a leading state-owned infrastructure construction company principally engaged in the construction of municipal infrastructure, water facilities, roads, environmental governance-related facilities and shantytown redevelopment projects in Gaoyou City and Suzhou City, in its global offering under Regulation S of its English law governed €75 million 4.60 per cent. Credit Enhanced Bonds due 2026, with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Jiangsu Co., Ltd., Yangzhou Branch, underwritten by China Industrial Securities International, Industrial Bank of Co. Ltd., Hong Kong Branch, Shanghai Pudong Development Bank, Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CEB International, Guotai Junan International, Guosen Securities (HK), Central Wealth Securities Investment Limited, CNCB Capital, CITIC Securities, CMBC Capital, China International Capital Corporation and Caitong International.Dentons Rodyk kicks off 2023 with the introduction of next generation leaders
16th January 2023 Singapore’s Big Five law firm Dentons Rodyk unveiled its new Executive Committee and also announced the admission of two outstanding young individuals into the senior partnership of the firm, with effect from 1 January 2023.Court of Appeal releases written grounds for upholding decision in US$1.48b environment related claim
9th December 2022 The Singapore Court of Appeal on 2 December 2022, issued its written grounds for upholding the High Court (General Division)’s decision in Ok Tedi Fly River Development Foundation Ltd and others v Ok Tedi Mining Ltd and others [2021] SGHC 205. The appeal was successfully resisted by the Dentons Rodyk team led by Mark Seah, Co-Head of the Litigation Practice and comprised Andrea Gan, Martin See, Alexander Choo and Philip Teh. TSMP Law Corporation’s Mr Adrian Tan and Dr Tang Hang Wu acted for the Appellants.Mr. Phuc Le rejoined Dentons LuatViet to strengthen its offshore legal services
7th July 2022 Dentons LuatViet is delighted to welcome back Mr. Phuc Le to join our firm as a Special Counsel. He will primarily provide legal services to our clients in the US and Moscow.Singapore Big Five Law Firm Dentons Rodyk Boosts Corporate Practice with Two Senior Lawyer Hires
4th July 2022 Singapore, 1 July 2022 – Singapore’s Big Five Law Firm Dentons Rodyk are today announcing the arrival of senior corporate lawyers Evelyn Ang and Emily Low. Together with six other lawyers, they join Dentons Rodyk from Big Four accounting firm EY’s Singapore law practice, Atlas Asia Law Corporation (AALC). The news follows Dentons' recently launched combination with leading Vietnamese law firm LuatViet, as the Firm pursues its goal of being the leading pan-ASEAN law firm.Dentons launches combination with LuatViet in Vietnam
17th June 2022 Dentons has launched its previously announced combination with leading Vietnamese law firm, LuatViet, which has more than 40 legal professionals serving clients from offices in Ho Chi Minh City and Hanoi.Former Deputy Director of Attorney-General’s Chambers Navin Naidu joins Big Five Law Firm Dentons Rodyk
17th June 2022 Big Five Law Firm Dentons Rodyk & Davidson LLP is pleased to announce the arrival of Attorney-General’s Chambers’ former Deputy Director Navin Naidu to the firm’s White Collar and Government Investigations practice.How Singapore’s Big Five law firm Dentons Rodyk is embracing the future of work and ditching its traditional office for good
14th April 2022 Visions for the future of work have never been bolder. The COVID-19 pandemic changed notions on how many felt a work environment should be. The world was rushed into accelerating technology adoption, increasing digital connectivity and embracing virtual collaboration. As we usher in a new and dynamic decade, Dentons Rodyk envisions the future of work by ditching its traditional office for good and introducing a permanent hybrid work model.Dentons secures final victory for ICT on European patent infringement case against ESSITY
18th August 2020Global law firm Dentons is pleased to announce that the Paris Court of Appeal, the Higher Regional Court of Karlsruhe and the Barcelona Provincial Court have all issued final decisions dismissing Essity’s claims of patent infringement in regards to Industrie Cartarie Tronchetti’s (ICT) three ply toilet paper. With Dentons’ counsel, ICT successfully demonstrated beyond a doubt that its branded and private label products are produced based on its own proprietary process, and patented under European patent 2 353 859.
Dentons has been advising Industrie Cartarie Tronchetti S.p.A since 2016. Based in Lucca, ICT is a leader in the category of high quality tissue paper products for domestic use, and has subsidiaries in Italy, Spain, Germany, France and Poland.
The Paris decision, which is the most recent, ends a long-running patent infringement litigation with Essity and affirms ICT can continue to produce and distribute absorbent paper based on its own proprietary technology. The three courts in France, Germany, and Spain have confirmed ICT’s argument that it is using its own novel technology, also patented. Essity’s claims of infringement were based on a patent originally filed by Georgia Pacific, and subsequently becoming Essity’s.
Dentons partner David Masson served as lead partner and represented ICT in France. Dentons partner Dr. Constantin Rehaag represented ICT in Germany, and PwC partner Alejandra Matas Brancós represented the client in Spain, with the support of Dentons partner Juan Ignacio Alonso.
David Masson, lead lawyer on the case, commented: “It has been very interesting to understand ICT’s own technology and work closely with different teams, including ICT’s R&D department, which has been part of all strategic and technical decisions throughout the case”.
Constantin Rehaag, who represented the client in the German court hearings and coordinated the work with the client’s patent attorneys, said: “This is an outstanding success of a great team formed by the client, who provided us with invaluable technological insight, the team of patent attorneys and, finally, by the Dentons teams in France, Spain and Germany.”
The patent litigation began in 2016 when Essity sued ICT in France, Germany and Spain for the alleged infringement of its patent related to the technical solution for the bonding of three layers of tissue for paper products such as high quality, soft and bulky, toilet paper.
In France, Essity claimed that ICT had breached the French part of its European patent 1 081 284 and that the toilet paper marketed as Foxy Soie Plus, and also certain other private labels produced by ICT France, had infringed on their patent. Essity demanded that all production operations be halted. The rolls of toilet paper were carefully analyzed and there were no findings of infringement. The two French courts - in first instance and appeal - rejected the claims and ordered Essity to pay compensation for the legal fees to ICT Italy and ICT France.
In Germany, the case was first taken to the Mannheim District Court, which is well reputed in patent matters. The lawsuit mainly focused on the complex questions regarding the construing of the claims of Essity’s patent. The court ruled in favour of ICT, and Essity filed an appeal. In August 2019, the Higher Regional Court of Karlsruhe also ruled that the German subsidiary of ICT did not infringe the German part of the patent 1 081 284.
In Spain, after a first decision in favor of Essity in the lower court, the Barcelona Provincial Court clearly stated in a written appeal that ICT’s products - and in particular, Foxy Seda, Foxy Bouquet, certain three-ply private label products - did not infringe the Spanish part of the patent 1 081 284.
About ICTIndustrie Cartarie Tronchetti (ICT) was founded in 1976 in Italy, in the Lucca province, to operate in the tissue sector, producing high quality paper exclusively from virgin fibre. The first production facility was opened in 1978 in Piano della Rocca, Lucca, and over the years new plants and facilities have been set up in Piano della Rocca, Diecimo and Piano di Coreglia. The Foxy brand, one of the leading brands in the European market, was launched in 1982. ICT is an example of excellence in the paper industry, in full harmony with the tradition of the Lucca region, where the most important Italian papermaking hub is located, on a par with those of Green Bay (USA) and Fuji (Japan). In Lucca in particular, great expertise has been nurtured in the field of paper for household use, and the city is in fact known as the world tissue capital. Today, ICT SpA boasts an annual production capacity of about 160,000 tonnes.
About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.
Dentons advises Snam on US$10.1 billion consortium investment in ADNOC Gas Pipelines
3rd August 2020 Global law firm Dentons advised Italian-based multinational energy infrastructure operator Snam in relation to its agreement, in consortium with several international investment funds, to purchase a 49 percent share of ADNOC Gas Pipelines from The Abu Dhabi National Oil Company (ADNOC). ADNOC Gas Pipelines is valued at approximately US$20.7 billion (US$10.1 billion for 49%).The transaction is one of the most important in the global energy infrastructure sector, as well as Snam’s first acquisition outside Europe. ADNOC Gas Pipelines holds the tariff-based rights for the 38 pipelines that connect ADNOC’s upstream activities to Abu Dhabi’s consumption points and the export and interconnection terminals to neighboring Emirates.
The transaction was financed by a pool of international banks for approximately $8 billion, plus an equity contribution from each of the consortium members. In addition to Snam, the other consortium members included Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan, and NH Investment & Securities.
Dentons acted with a cross-border team from Italy and UAE, coordinated by partner Sara Biglieri in Milan. Partners Luca Pocobelli (Rome) and Mhairi Main Garcia (Dubai), counsel Claudio Segna (Milan), senior associate Craig Hughson (Abu Dhabi) and associate Stephanie Hawes (Dubai) advised on corporate and M&A aspects. Partners Alessandro Fosco Fagotto (Milan) and Stephen Knight (Abu Dhabi), counsel Franco Gialloreti, senior associate Tommaso Zanirato and junior associate Giulia Caselli Maldonado (all Milan) advised on financing aspects. Partner Michele Carpagnano (Rome) and associate Giulia Giordano (Rome) advised on the competition and antitrust aspects.
Snam’s internal legal team was led by General Counsel, Marco Reggiani - assisted by Michela Schizzi, Senior Vice President Regulated Assets Legal Affairs - and included senior legal counsels Rosanna Pallotta and Claudia Jolanda Fanelli. The legal aspects related to the financing were handled, together with Marco Reggiani, by Gloria Bertini, Head of Finance and Capital Market Legal Affairs and Roberta Di Mauro, legal counsel.
Dentons advises Investitionsbank Berlin (IBB) on the establishment of the EU Malaria Fund
3rd August 2020 The EU Malaria Fund was initiated by the kENUP Foundation, a not-for-profit organization promoting research-based innovation with public and societal benefit. The fund is managed by the IBB Group. The target volume of the fund amounts to €280 million, with a first closing of €70 million on June 3, 2020.A Dentons team from Berlin, Frankfurt, Dusseldorf and Munich provided comprehensive advice to IBB Group on the establishment of the EU Malaria Fund. This included the development of the legal and tax conception of the fund, regulatory advice, corporate law support on the setup of the fund, and the negotiation of the financing agreements with the EIB, the Bill & Melinda Gates Foundation and other investors.Berlin-based partner Dirk-Reiner Voss and Frankfurt-based partner Arne Klüwer jointly led the Dentons team, with support from partners Stephan Busch, Matthias Santelmann and senior associates Holger Hölkemeier and Bernd Düsterbeck in Berlin; counsel Verena Etzel and Oda Elmoutaouakil in Frankfurt; partner Axel Schlieter in Dusseldorf, and partner Richard Fagerer in Munich.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.comDentons advises on ACS Group’s €500 million NEU-CP Program
3rd August 2020 Dentons, the world’s largest law firm, has advised Spanish-based multinational construction group, Actividades de Construcción y Servicios, S.A. (ACS), on the renewal of its €500 million Negotiable European Commercial Paper (NEU-CP) Program. The NEU-CP program is registered with the Central Bank of France, with the involvement of BNP Paribas, BRED Banque Populaire, Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and Natixis, as dealers for the Notes.Headquartered in Madrid, the ACS Group is a worldwide leader in construction and services. It is currently the only non-financial issuer with a NEU-CP Program registered with the Central Bank of France.Dentons’ Capital Markets group in Madrid advised ACS on all aspects of the transaction. Partner Ignacio Corujo led and coordinated the transaction with the support of junior associate Ana Artola.Ignacio Corujo joined Dentons in January this year to establish and lead the Capital Markets group in Spain. In addition to this most recent deal for ACS, he has closed several high-value debt capital markets deals since his move, including most notably, Grupo Cajamar’s €1 billion issuance of mortgage bonds, as well as Sacyr’s renewal of its €500 million EMTN Program.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.comDentons advises UniCredit on a €450 million secured sustainability-linked financing for Gunvor Gro
3rd August 2020 Global law firm Dentons has advised UniCredit Bank AG as Mandated Lead Arranger, (Sustainability) Coordinator, Bookrunner, Facility Agent and Security Agent as well as the lenders on a €450 million secured sustainability-linked borrowing base facility agreement with Gunvor Group. Gunvor Group will use the funds to cover the working capital requirements of its Ingolstadt refinery.The innovative financing model is tied to the borrower's achievement of predetermined ESG key performance indicators (Sustainability KPIs) and provides for a sustainability discount or premium in case the company overachieves or underperforms the predefined targets. An independent sustainability auditor will report on the performance of the Sustainability KPIs on an annual basis. The ESG-based scoring of certain key performance indicators provides a unique way for borrowers and lenders to communicate their commitment to sustainability and incentivizes sustainable corporate measures.Participating banks included DZ Bank, KfW IPEX-Bank, Raiffeisen Bank International, Erste Group Bank, Commerzbank, Industrial and Commercial Bank of China, CA Indosuez (Switzerland), Bank of China and First Abu Dhabi Bank.Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded. With strategic investments in industrial infrastructure – refineries, pipelines, storage and terminals – Gunvor Group further generates sustainable value across the global supply chain for its customers. UniCredit is one of the pioneers in sustainable loans in the German market.Düsseldorf finance partner Dr. Axel Schlieter fully advised the bank on the drafting and negotiation of the loan agreement. The Dentons team further comprised Julia Heitmann (senior associate, Banking and Finance, Düsseldorf) and Eike Hinrich Pradt (associate, Banking and Finance, Frankfurt). Axel Schlieter is a core member of Dentons’ Sustainable Finance group in Europe and is regularly involved around the topics of issuance of green bonds and on sustainable financing.Advisors to UniCredit: Dentons (Düsseldorf): Dr. Axel Schlieter, (lead partner), Julia Heitmann (senior associate, both banking and finance, Düsseldorf), Eike Hinrich Pradt (associate, banking and finance, Frankfurt am Main)UniCredit inhouse lawyers: Carina Engelhardt, Alexander Strigin, Christian HentrichAbout DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.comDentons advises Qair on refinancing of the acquisition of Rzepin and Linowo wind farms in Poland
3rd August 2020 Dentons’ Banking and Finance practice team advised Qair SAS, Qair International and Qair Polska Sp.z o.o. in connection with the refinancing of two wind farms under operation, Rzepin (58 MW) and Linowo (48 MW). The financing institutions are BNP Paribas and EBRD.The two wind farms are part of Qair’s larger portfolio of almost 200 MW of renewable energy sources, which also includes 93 MW of new capacity from three wind farms – Udanin (50 MW), Parzeczew (9 MW) and Września (9 MW) – and 25 MW of solar photovoltaic.The project was supervised by Mateusz Toczyski, Head of the Europe and Co-Head of the Global Banking and Finance practice, and led by Tomasz Zwoliński, counsel, with assistance from lawyers Klaudia Szymańska-Rutkowska, Katarzyna Mazur, Katarzyna Kaptur and Jakub Walawski. Supporting the Warsaw team were counsel Surbhi Malhotra-Trenkel in Munich and partners Jean-Marc Allix and Olivier Genevois, and associates Djésia Meziani, Philippine de Fouchier and Hugo Casasnovas in Paris. Dentons’ London team consisting of partner Matthew Sapte and associate Annreika Ray advised on the hedging documentation.“We are very pleased and honored to have had this opportunity to assist Qair in yet another wind power project the company has undertaken in Poland,” said Mateusz Toczyski.“We would like to congratulate Qair on this financing and to wish every success with further developments and investments in Poland and elsewhere in the world,” added Tomasz Zwoliński.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.comDentons advises Sev.en Energy on aacquisition of US-based Blackhawk Mining
3rd August 2020 Dentons has advised international energy group Sev.en Energy on its strategic acquisition of US-based metallurgical coal producer Blackhawk Mining, LLC. C. The transaction comes on the heels of Sev.en Energy’s acquisition of a 17% ownership interest in Corsa Coal in May 2020, further reinforcing its access to the metallurgical coal mining industry in the US market.Blackhawk Mining is one of the largest metallurgical coal producers in the US. With annual production capacity of seven to eight million tonnes of metallurgical coal among its five underground and open pit mining complexes in West Virginia and Kentucky, Blackhawk Mining is an important supplier of metallurgical coal both locally and internationally. It also owns three thermal coal mine complexes producing three to four million tonnes per annum. In 2019, Blackhawk Mining had $1bn revenues and $120m EBITDA. Commenting on the acquisition, Dentons partner Petr Zákoucký, said: “Having worked for Sev.en Energy for many years, I am inspired by their sustained dynamism, and by this bold strategic move, even during these difficult market conditions. We were delighted to have opportunity to play our role in this success.” Alan Svoboda, Executive Director of Sev.en Energy who leads the Group’s international expansion added: “Once again, the Dentons team exceeded our expectations and delivered the transaction within a tight time frame of less than a month, nailing both the complexity of the deal and challenges created by the current worldwide pandemic. What was really outstanding was the dedication and flexibility that the entire team showed.” Dentons’ cross-border team was composed of partners Petr Zákoucký (Prague, Energy/M&A), Ilan Katz (New York, M&A), Lee Smith (New York, Finance), Christopher Van Bever (Lexington, Mining) and John Rhine (Evansville, Mining) Robert E. Richards (Chicago, Insolvency), Managing Associate Gregory DiBella (New York, M&A) and Associate Barbora Obračajová (Prague, Energy). Alvarez & Marsal advised Sev.en Energy on financial due diligence and Weir on technical due diligence. About Sev.en EnergySev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom, Australia and the USA. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. In 2019, Sev.en Energy acquired additional power generation assets from Swiss energy group Alpiq and a 50% stake in the multinational energy company – InterGen N.V., which is one of the leading independent power generators with gas-fired power plants in the UK and coal-fired power plants and coal mines in Australia. When pro-forma aggregated with the financial results of InterGen and Alpiq CZ, Sev.en Energy group combined revenues in 2019 were EUR 1,4 billion and EBITDA of EUR 319 million. About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.comDentons supports German subsidiaries of the Recylex Group in restructuring
3rd August 2020 Global law firm Dentons is assisting Weser-Metall GmbH and Harz-Metall GmbH, both subsidiaries of the French-German Recylex Group, with their restructuring through ‘self-administration’ proceedings. In addition, Dentons restructuring lawyers Andreas Ziegenhagen and Dirk Schoene and their team are advising the German management of the Recylex Group within the scope of its self-administration.As a result of the COVID-19 pandemic and the dramatic decline in metal prices, the German subsidiaries of Recylex have each applied for protective shield proceedings under German insolvency law. The aim of the protective shield is to allow the companies to continue their individual restructuring measures and to return to economic stability after the pandemic - if necessary, in a new shareholder structure.Weser-Metall produces about 100,000 tons of lead per year at its headquarters in Nordenham (Lower Saxony), making it the third largest lead smelter and the second largest lead recycler in Europe. Harz-Metall has its headquarters in Oker in the Harz Mountains and is one of the leading European recycling companies for lead and zinc contaminated waste.The Recylex group has a total of eleven operating units and two administrative sites in France and Germany. In addition to the companies supported by Dentons, two other companies in the group, Norzinco GmbH and PPM Pure Metals GmbH, have also submitted applications for protective shield, whilethree other German subsidiaries requested self-administration under creditor protection. The Group's French companies are not affected.Andreas Ziegenhagen, Head of the Europe and German Restructuring practice, said: "With the filing for protective shield proceedings, we are making use of the most restructuring-friendly court proceedings in the interest of all stakeholders of the companies”.Advisor to Harz Metall / Weser Metall / German management of Recylex:Dentons (Berlin): Andreas Ziegenhagen (Partner, Restructuring, Berlin/Frankfurt), Dirk Schoene (Partner), Dr. Jan Seelinger (Counsel), Dr. Benjamin Kurzberg (Counsel), Judith Schmid (Senior Associate), Dr. Jakob Pickartz (Senior Associate), all Restructuring and InsolvencyAbout DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.comLegal Developments
Hong Kong legal update on the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies promulgated by the CSRC
7th March 2023 On 17 February 2023, the China Securities Regulatory Commission (CSRC) announced the new regulations for the filing-based administration of overseas securities offering and listing by domestic companies, which are set to take effect on 31 March 2023. The new measures comprised six documents, including the "Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies" (境内企业境外发行证券和上市管理试行办法) (the Trial Measures) and five supporting guidelines. The Trial Measures regulate the system, filing management and other related rules in respect of direct or indirect overseas issuance of securities by PRC enterprises and PRC enterprises with overseas parent entities and/or variable interest entity structures, which are referred to as "domestic enterprise(s)" in this article. We set out below some of the key changes and implications to Hong Kong market participants.Quincecare duty in insolvency scenario
7th March 2023 The recent case of Stanford International Bank Ltd (In Liquidation) (Appellant) (SIB) v. HSBC Bank PLC (Respondent) (HSBC)[1] confirms that a bank only owes its customers a Quincecare duty (i.e. an implied term and a co-extensive duty of care owed by the bank to its customer to refrain from making or executing a payment when the bank is put on inquiry that a payment instruction from its customer may be a result of fraud) and such duty does not extend to creditors of its customers. This UK Supreme Court case considered the question of whether, under a Quincecare duty, the Liquidators of SIB could recover damages from HSBC for the loss of chance suffered in respect of payments made to the early subscribers of a Ponzi scheme, who successfully withdrew their funds in full and escaped without loss (earlier customers) despite SIB’s insolvency and to the detriment of subscribers who were subsequently unable to withdraw their funds and suffered loss (later customers).Focus on “G” in ESG
7th March 2023 In the continuing “mainstreaming” of the importance of corporate environmental, social and governance (ESG) performance, let us focus on “G” as we start the new year. Hong Kong is one of the earliest jurisdictions to have introduced ESG reporting of listed companies, and the requirements have undergone several rounds of updates since the first iteration in 2013. Under the revised ESG Reporting Guide issued in July 2020, a key enhancement is the focus on board governance and oversight of ESG issues. The enhanced ESG disclosure framework requires mandatory reporting on the board’s engagement and oversight on ESG matters and “comply or explain” disclosure on four environmental aspects and eight social aspects; and in relation to each aspect to cover (a) general disclosures on the issuer’s policies and/or compliance with laws and regulations (as applicable), and (b) key performance indicators (KPIs).Hong Kong tax update on foreign-sourced income
7th March 2023 On 28 October 2022, Hong Kong introduced into the Legislative Council for review the Inland Revenue (Amendment) Taxation of Specified Foreign-sourced Income Bill 2022 (the Foreign-sourced Income Amendment Bill), which renders certain specified categories of foreign-sourced income subject to Hong Kong profits tax liability. With the Legislative Council’s passing on 14 December 2022, the Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Ordinance 2022 (the Foreign-sourced Income Amendment Ordinance) took effect on 1 January 2023 and has brought about significant changes to Hong Kong’s long-standing territorial source basis of taxation, applying tax on specified foreign-sourced income received in Hong Kong with the stated objective of addressing “double non-taxation”.HKEx proposes new listing regime for Specialist Technology Companies
7th March 2023 Following the successful launch of the biotech listing regime, the Hong Kong Stock Exchange (HKEx) issued a Consultation Paper on New Listing Rules for Specialist Technology Companies in October 2022, which proposes to lower the bar for innovative technology enterprises with high growth potential that seek to list on the HKEx.Hong Kong Court of Appeal confirms that “standby time” is not a “rest day” under Hong Kong law
7th March 2023 In a recent decision of the Hong Kong Court of Appeal in Breton Jean v. 香港麗翔公務航空有限公司[1], the Court of Appeal upheld the decision of the District Court in its findings pertaining to what constitutes a "rest day" for employees.Overview on Digital Assets Regulations in SEA
1st December 2022 The digital assets wave has swept across South-East Asia (SEA). From Axie Infinity (a popular play-to-earn blockchain game) in the Philippines to Cambodia’s Project Bakong (a central bank digital currency), the adoption of digital assets in SEA has been rapid. Digital assets investments in SEA is expected to further increase. This demand for digital assets will likely cut across all wealth and demographic sectors.Starboard: Draft Convention on the effect of judicial sales of vessels approved by UNCITRAL
1st December 2022 The United Nations Commission on International Trade Law (UNCITRAL) approved on 30 June 2022 a draft convention (the Draft Convention) on the effects of judicial sales. The Draft Convention will now be put to the United Nations General Assembly to consider signature. The Draft Convention originated from a long-standing project of the Comité Maritime International (CMI) commenced in 2007 and eventually known as the ‘Beijing Draft’ [1] which was adopted by the CMI in its 2014 Hamburg Conference. In 2018, the Draft Convention was accepted by UNCITRAL into its work programme.Carbon Projects and ASEAN: Opportunities and Challenges
1st December 2022 Carbon transactions are a multi-fold process encompassing in them offsets strategy, credit generation and purchase, monitoring and verifying credits, project finance, retirement of credits, and reporting. Carbon transactions include carbon trade which is the buying and selling of credits that permits a company or other entity to offset their greenhouse gases (GHG) emissions by investing in carbon sequestration projects, renewable energy projects or buying credits off an exchange/platform. One tradable carbon credit equals one tonne of carbon dioxide, or the equivalent amount of a different greenhouse gas reduced, sequestered or avoided. Carbon markets are trading systems in which carbon credits are sold and bought.Light at the end of the tunnel – A case study of a successful restructuring
1st December 2022 In his opening remarks at the SICC INSOL seminar on debt restructuring in the Asia-Pacific held on 22 September 2022, Second Minister for Law Edwin Tong SC cited the court sanctioned schemes of arrangement of Singapore-listed Pacific Radiance group as an example of the Singapore insolvency framework facilitating successful outcomes. He mentioned that these schemes tied in with a wider consensual restructuring negotiated earlier this year. This consensual restructuring recently completed with the resumption of trading of the securities of Pacific Radiance Ltd (Pacific Radiance) on the Singapore Exchange Securities Trading Limited (SGX-ST) on 26 September 2022. It was the culmination of close to five years of restructuring efforts by Pacific Radiance, in which Dentons Rodyk played a key role as its legal counsel.Private Equity Leans into ESG
1st December 2022 Environmental, social and governance (ESG) issues are a growing concern for investors, consumers, governments and other stakeholders.Dentons Rodyk Dialogue 2022
1st December 2022 The Dentons Rodyk Dialogue 2022, the sixth of its series, is co-organised by Dentons Rodyk & Davidson LLP and the Singapore Management University (SMU) under the auspices of the SMU Yong Pung How School of Law’s Centre for Commercial Law in Asia. This year marks the first time since the COVID-19 pandemic that we were able to host a full in-person audience of more than 200 attendees, with many more live viewers tuning in virtually from more than a dozen different countries. This year’s Dialogue focused on maximising the commercial opportunities and profound societal benefits brought about by digitalisation, while effectively minimizing the often unforeseen and inadvertent risks and consequences digitalisation has on society and the environment.Comparative Guides
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United Kingdom: Public Procurement
Published: January 2023
Authors: Catherine Bingham David McGowan Dan Bodle Jennifer Robinson
This country-specific Q&A provides an overview to Public Procurement laws and regulations that may occur in United Kingdom.
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Germany: Banking & Finance
Published: February 2023
Authors: Dr. Arne Klüwer Dr. Holger Schelling
This country-specific Q&A provides an overview to Banking & Finance laws and regulations that may occur in Germany.
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Germany: Securitisation
Published: March 2023
Authors: Dr. Matthias Eggert Dr. Arne Klüwer
This country-specific Q&A provides an overview to Securitisation laws and regulations that may occur in Germany.
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South Africa: Environmental, Social and Governance
Published: May 2023
Authors: Zaeem Soofie Khatija Kapdi
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in South Africa.
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Canada: Environmental, Social and Governance
Published: May 2023
Authors: Alex MacWilliam
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in Canada.
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Caribbean Islands: Environmental, Social and Governance
Published: May 2023
Authors: Rachel Welch-Phillips Rosana John
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in Caribbean Islands.
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United Kingdom: Environmental, Social and Governance
Published: May 2023
Authors: Stephen Shergold
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in United Kingdom.
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Mauritius: Environmental, Social and Governance
Published: May 2023
Authors: Sivakumaren Mardemootoo Kate Bosman
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in Mauritius.
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China: Environmental, Social and Governance
Published: May 2023
Authors: Gary Yang
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in China.
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Singapore: Environmental, Social and Governance
Published: May 2023
Authors: Ipshita Chaturvedi S Sivanesan
This country-specific Q&A provides an overview to Environmental, Social and Governance laws and regulations that may occur in Singapore.
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United Arab Emirates: Construction
Published: May 2023
Authors: Dean Ryburn Suzannah Fairbairn Ahmed El-Bayouk Patrick Hassan
This country-specific Q&A provides an overview to Construction laws and regulations that may occur in United Arab Emirates.
Indonesian Fintech Business Update
Published: September 2022
Authors: Andre Rahadian Mika Isac Kriyasa Peter Christopher Devandra Maula Zakki