28 Aug 2019

Investment in Fintek Karya Nusantara

Partners Eko Basyuni and Indira Yustikania from Assegaf Hamzah & Partners acted for a group of eight state-owned enterprises, namely Pertamina, Telkomsel, Asuransi Jiwasraya, Danareksa and four SOE banks, on their Rp1.826 trillion (US$128m) investment in Fintek Karya Nusantara, the operator of e-money company LinkAja. LinkAja is owned by Telekomunikasi Selular, a subsidiary of Telekomunikasi Indonesia.

28 Aug 2019

Counsel for coal-fired power plant project

Partner Heng Chhay from R&T Sok & Heng Law is acting as local counsel for Electricite Du Cambodge on the US$3.5 billion coal-fired power plant project in Xekong, Lao PDR.

15 Aug 2019

Acquisition of issued and paid-up share capital in Yongjin Holdings

Partners Norman Ho, Benjamin Tay, Loh Chun Kiat and Cindy Quek from Rajah & Tann Singapore acted for Arch Capital Management, a Hong Kong-based fund manager, on the approximately S$210 million (US$151.5m) acquisition, on behalf of a German fund, of the entire issued and paid-up share capital in Yongjin Holdings, the registered proprietor of Anson House, the property situated at 72 Anson Road, Singapore. The team also assisted in the financing of the transaction.

14 Aug 2019

Successfully acted for state-owned mining company (Antam) against a compensation claim brought by Perusahaan Toradja

Partner Asep Ridwan from Assegaf Hamzah & Partners successfully defended state-owned mining company Aneka Tambang (Antam) against a compensation claim brought by Perusahaan Toradja, in relation to a transfer of a nickel mine site in 1961. The Indonesian Supreme Court ruled in Antam’s favour and dismissed the US$7.3 billion compensation claim.