Melli Darsa 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.

A subsidiary of the second largest coal producer of Indonesia, Adaro Energy has inked a US$400m senior loan facility from a syndicate of 12 banks to refinance existing debts and capital expenditures. The loan secured has a maturity period of seven years – the longest tenor of any major financing to date in the Indonesian market.

The latest market activity in the Asia Pacific region for January 2011 shows a focus on capital markets issuance and M&A, with deals hitting a high of US$84.9bn in Jan 2011.

A milestone LNG project between the world’s largest LNG buyer, Kogas; Japan’s largest trading house, Mitsubishi Corporation; and Indonesia’s largest private sector energy company, Medco Energi Internasional, marks the first-ever joint venture partnership between Korea, Japan and Indonesia on an LNG project. Hogan Lovells; Widyawan & Partners; Allen & Overy, Herbert Smith and its Indonesian ally, Hiswara, Bujamin & Tanjung (HBT), have all played roles on the deal which itself was six years the making.

Indonesian firm Melli Darsa & Co and US firm Jones Day have teamed up to advise PT Bukit Maknur Mandiri (BUMA), one of Indonesia’s largest coal mining contractors, on its US$320m tender offer.

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.

Law firms from around the globe have pieced together the acquisitions and financings that has launched Indonesian listed company, Delta, into the coal mining industry through its purchase of Indonesian coal mining contractor, Buma.

Indonesian firms Melli Darsa and Hadiputranto, Hadinoto & Partner along with Clifford Chance, Milbank and Linklaters and have worked together on an historic transaction: the first high-yield debt transaction to be sealed in the country since the onset of the financial crisis in 2008.

Resources and law reform are driving the Indonesian legal market and attracting investment from around Asia and the rest of the world

Among the many firms around the region that are cutting a swathe or carving a niche, some stand tall above the rest. ALB singles out the top 30 performers by percentage revenue and headcount growth.

The votes are in, the numbers crunched, the data weighted, collated and tallied. And the results have given some interesting findings.

由《亚洲法律杂志》策划并组织的２００９年度亚太地区以及中东地区法律市场最佳雇主的调查活动于近日圆满结束。在中国区，十家国内和国际著名律师事务所脱颖而出，被业内人士评选为本年度“最佳雇主”。

ALB is proud to announce the finalists for this year's SE Asia Deals of the Year Awards, which will be held at the Marina Mandarin in Singapore on 2 June

With the aim of expanding its domestic network, PT Excelcomindo Pratama, Indonesia's third-largest cellular phone operator, has issued a US$250m high yield bond.