White & Case has advised Qatar's Ooredoo on its $6 billion agreement to merge its Indonesian telecom unit with that of Hong Kong's CK Hutchison, which was represented by Freshfields Bruckhaus Deringer.
Hiswara Bunjamin & Tandjung (HBT), Herbert Smith Freehills’ Indonesia associate firm, has counselled cellular operator Telkomsel on its $434 million sale and leaseback of 4,000 telecom towers to mobile company Mitratel, which was advised by local firm Umbra.
Indonesia is shaking up its listing rules as it seeks to attract start-up giants and cultivate a reputation as an IPO hub. The new regulations, which relax a number of curbs and allow ﬁrms to go public with multiple classes of shares with different voting rights, are a long time coming, say lawyers.
Timur Sukirno, formerly senior partner and head of disputes at Baker McKenzie’s Indonesian member firm, Hadiputranto, Hadinoto & Partners (HHP), has retired from the firm to join troubled flag carrier Garuda Indonesia as president commissioner.
Cooley has advised Indonesian buy now, pay later platform Kredivo on its parent company FinAccel’s planned $430 million NASDAQ listing via merger with VPC Impact Acquisition, which was represented by White & Case.
Latham & Watkins has advised Southeast Asian online realty company PropertyGuru on its planned $431 million New York listing via merger with blank-check firm Bridgetown 2, which was represented by Skadden, Arps, Slate, Meagher & Flom and Rajah & Tann Singapore.
Cleary Gottlieb Steen & Hamilton and Assegaf Hamzah & Partners are advising airline Garuda Indonesia on its strategy after the flag carrier said it could not distribute coupon payments for its $500 million sukuk following a 14-day grace period.
Clifford Chance has advised the joint bookrunners on PT Japfa Comfeed's $350 million sustainability linked bond (SLB) issuance, Indonesia’s first SLB and the world's first by an agri-food company.