Assegaf law firm news

Clifford Chance, White & Case, Norton Rose, Mochtar Karuwin Komar, Hadiputranto, Hadinoto & Partners, Wiriadinata & Saleh and Baker & McKenzie have advised on a US$1.2bn multi-sourced Shari’a compliant Islamic financing deal – the largest cross-border private sector Islamic financing into Indonesia to date.

Regional firm DFDL Mekong has told ALB that it is expecting to convert its representative office license in Singapore to a fully-fledge foreign law practice (FLP) license this month, pending approval from the Ministry of Law. It plans to launch its Singapore office by early January 2011.

Indonesia’s telecommunications giant Tower Bersama has engaged Mallesons Stephen Jaques and Assegaf Hamzah & Partners in a US$2bn loan debt programme to PT Tower Bersama Infrastructure and its operating companies. Norton Rose and Hadiputranto, Hadinoto & Partners advised the programme coordinators of the transaction.

Clifford Chance has been retained as issuer’s counsel in a breakthrough global notes issue from state-run utility, Dubai Electricity & Water Authority (DEWA); in the company’s largest dollar-denominated bond sale yet.

Milbank has poached Mallesons Stephen Jacques partner Dieter Yih (who is also the vice-president of the Law Society of Hong Kong) to capitalise on the IPO listings boom in Hong Kong and benefit from strong deal activity in mainland China.

Sidley Austin has relocated corporate and capital markets partner Prabhat Mehta to Singapore – after spending six years at the firm’s New York office.

PT Indosat Tbk – one of Indonesia’s largest mobile phone companies – has retained Assegaf Hamzah & Partners and Sidley Austin as the issuer’s Indonesian and lead counsels respectively on the US$650m high yield bond offer.

The energy & resources sector in Indonesia continues to attract international interest and coal is proving to be consistently popular amongst investors.

Indonesian corporate and finance law firm Makarim & Taira S. advised Standard Chartered Bank (SCB) in the refinancing of US$58m existing secured bank facilities of the Indonesian polyethylene producer PT Peni.