Herbert Smith and its associated Indonesian law firm Hiswara Bunjamin & Tandjung (HBT) have advised Credit Suisse and Deutsche Bank as placing agents in connection with the offering and sale of treasury shares in PT Bank Central Asia Tbk, an Indonesian retail and commercial bank listed on the Indonesia Stock Exchange (more…)
International legal practice Norton Rose Group, has advised PT Wampu Electric Power on the development and project financing of a 45MW hydroelectric power project scheduled for completion in 2015 in North Sumatra, Indonesia. PT Wampu Electric Power is owned by Korea Midland Power Co. Ltd., POSCO Engineering Co. Ltd. and Indonesia’s PT Mega Power Mandiri (more…)
As the global economy continues to improve, it has become more apparent than ever that businesses need savvy individuals to take care of international relations.
Blake Dawson has joined with Ashurst to create a firm under the Ashurst brand comprising 1,700 lawyers and 3,500 staff working across 24 offices, with worldwide revenue of over £550 million.
As a result of the combination, Ashurst has gained new offices in Adelaide, Brisbane, Canberra, Jakarta, Melbourne, Perth, Port Moresby, Shanghai and Sydney. This significantly increases Ashurst’s resources and its stronghold in the energy & resources, infrastructure and financial services sectors.
Charlie Geffen, senior partner of Ashurst said:
“Our global team has expertise covering the world’s major business sectors and financial centres. This is an exciting step forward for Ashurst in achieving our goal of being among a small group of premier global law firms. This new combination of quality and scale will notably enhance our ability to meet the international needs of our clients.”
Mary Padbury, chairman of Ashurst in Australia added:
“This is very much a coming together of equals that strengthens both firms. Independently we are recognised as leaders in our respective markets and together we can offer clients access to local market expertise and experience, together with seamless international reach and capability. Operating as one team under a global brand will deliver considerable synergies and benefits for our clients and people.”
Hogan Lovells has advised leading Canadian independent exploration and production company, Talisman Energy Inc. (“Talisman”) on its farmout to Total of a 50% interest in the Sageri Production Sharing Contract (“PSC”), a 35% interest in the South Sageri PSC and a 20% interest in the Sadang PSC situated in the Makassar Strait in Indonesia (more…)
Herbert Smith and its associated Indonesian law firm Hiswara Bunjamin & Tandjung (HBT) have advised eForce Holdings Limited (“eForce”; stock code: 0943.HK) on a very substantial acquisition of Fastport Investments Holdings Limited (“Fastport”) that indirectly holds a mining concession right over the PT Bara coal mine, located near the town of Ampah in Indonesia (more…)
Law firm Berwin Leighton Paisner (BLP) has advised energy and coal mining giant PT Bumi Resources (Bumi) on the US$2.07bn sale of its 75% majority stake in PT Bumi Resources Minerals Tbk (BRM) to Vallar plc. Bumi is Asia’s fastest growing coal company and is listed on the Jakarta Stock Exchange (more…)