Singapore
About
Singapore is a key international financial and trade hub in Asia-Pacific and globally. With its sophisticated infrastructure, services and knowledge-based economy, Singapore serves as a gateway for international businesses to expand their operations into other developed and emerging markets in ASEAN and the South Asia region. With a history of more than 40 years in Singapore, White & Case provides advice to local and multinational corporations, financial institutions, governments and state-owned enterprises to help them achieve their regional and global ambitions.
We operate in Singapore through White & Case Pte. Ltd., which holds one of the Qualifying Foreign Law Practice (QFLP) licenses granted in the country, enabling us to advise on both international law and Singapore law (in permitted areas).
Our Singapore Practice is active in a broad range of debt finance, capital markets, corporate, international arbitration, mergers and acquisitions, private equity, investment funds and project development and finance matters, in local, regional and international jurisdictions.
AWARDS & RECOGNITION
Tier 1: Singapore – Energy: Foreign Firms
Tier 1: Singapore – Projects: Foreign Firms
Asia-Pacific Legal 500 2023, Singapore
"White & Case has a team of lawyers most capable in handling and navigating complex matters. The firm's capabilities in this area cannot be denied. "
"The documentation is well crafted in bespoke situations, as well as being succinct and clear in advising on the legal risks. Coupled with the team's responsiveness, White & Case is a very safe pair of hands in advising on structured financing solutions. "
"The team is solid, and the lawyers are very commercial and cooperative."
Chambers Asia-Pacific 2023, Singapore
"Very trustworthy. Their team provides high-quality legal advice in an always efficient manner. Also, they are nice people and have great interpersonal skills which makes the collaboration smooth and enjoyable. "
The Legal 500 Asia-Pacific 2023, Singapore
Experience
Indonesian IPO of PT Trimegah Bangun Persada Tbk.
Representation of the issuer, PT Trimegah Bangun Persada Tbk. (Harita Nickel), in relation to its IPO on the Indonesian Stock Exchange (IDX), which includes a Rule 144A/3(c)(7) and Regulation S offshore tranche. The transaction raised approximately IDR 10 trillion (US$672 million) in gross proceeds, which represents Indonesia's largest IPO so far in 2023. Harita Nickel is one of the only two pure-play integrated operators of nickel mines and smelters in Indonesia. This IPO represents the first electric vehicle-related IPO in Indonesia, in line with the Indonesian government's plans to capitalize on Indonesia's strategic position as the world's largest nickel producer to encourage the development of a domestic EV industry.
Republic of Indonesia's US$35 billion Trust Certificate Issuance Program and subsequent US$3.25 billion sukuk offerings
Representation of the arrangers and managers in the update of The Republic of Indonesia's (RoI) Rule 144A/ Regulation S US$35 billion Trust Certificate Issuance Program and the subsequent US$3.25 billion dual tranche sukuk offering under the Program, which closed successfully on June 6, 2022. The offering involved the issuance of a tranche of US$1.75 billion sukuk due 2027 and a tranche of US$1.5 billion green sukuk due 2032. This was awarded "Debt Market Deal of the Year" (Premium) at the ALB Indonesia Law Awards 2022.
Indonesian IPO of PT Bukalapak.com Tbk
Representation of the underwriters in the IPO of PT Bukalapak.com Tbk (Bukalapak) on the IDX, which includes a Rule 144A/Regulation S offshore tranche. The transaction raised approximately US$1.5 billion and represents the biggest IPO in the country's stock exchange history and attracted the biggest interest among all of the country's listings, according to the IDX. Bukalapak is a leading Indonesian e-commerce company and the first Indonesian unicorn technology startup company listed on the IDX. This was recognized among the award-winning Equity Capital Markets deals in In-House Community's Deals of the Year 2021.
Balikpapan Refinery Development Master Plan (RDMP) project
Representation of PT Kilang Pertamina Balikpapan, a subsidiary of Indonesian state-owned oil & gas company PT Pertamina (Persero), in the US$3.1 billion financing for the Balikpapan Refinery Development Master Plan (RDMP) project to upgrade the capacity and capabilities of its Balikpapan refinery in East Kalimantan, Indonesia. The project is currently one of the largest project financings in Indonesia over the past decade.
Changfang and Xidao offshore wind project
Representation of Copenhagen Infrastructure Partners (CIP) in the development, equity sale process and US$3 billion (TWD 90 billion) financing of the 589 MW Changfang and Xidao (CFXD) offshore wind project in Taiwan. This deal won "Asia Pacific Project Finance Deal of the Year 2020" by IJGlobal Awards, "Asia Pacific Renewable Deal of the Year 2020" by PFI Awards, "Project Finance Deal of the Year 2020" by FinanceAsia Achievement Awards, and "Project Finance Deal of the Year 2021" by IFLR Asia-Pacific Awards.
Refinery and Petrochemical Integrated Development (RAPID)
Representation of Saudi Aramco in the development and financing of the US$15.3 billion Refinery and Petrochemical Integrated Development (RAPID) joint venture with Petronas in Malaysia. The financing parties include six export credit agencies—JBIC, NEXI, KEXIM, K-Sure, CESCE and SACE—and 23 commercial banks. This deal won "Asia Pacific Petrochemical Deal of the Year 2019" by PFI Awards, "Asia Pacific Petrochemicals Deal of the Year 2019" by IJGlobal Awards, "Project Finance Deal of the Year 2020" by IFLR Asia-Pacific Awards, "Projects, Energy and Infrastructure Deal of the Year 2020" by ALB Malaysia Law Awards, and "Project Finance Deal of the Year 2020" by ALB South East Asia Law Awards.
US$6 billion merger of PT Indosat and PT Hutchison 3 Indonesia
Representation of the Ooredoo Group in its US$6 billion merger of PT Indosat, an Indonesian subsidiary of Ooredoo Group, with PT Hutchison 3 Indonesia, an Indonesian subsidiary of CK Hutchison Holdings Ltd.
The RATCH Group's acquisition of Nexif Energy and formation of NEXIF RATCH Energy
Representation of RATCH Group PCL in its US$605 million acquisition of the Nexif Energy platform, and in the formation of NEXIF RATCH Energy, focused on Southeast Asia and Australia.
Bangkok Bank's acquisition of Bank Permata Tbk
Representation of Bangkok Bank Public Company Limited in its US$2.3 billion acquisition of a majority shareholding in Bank Permata Tbk from Standard Chartered Bank and PT Astra International Tbk. This transaction has been named "M&A Deal of the Year" by ALB Indonesia Law Awards 2020.
LNG price reviews
Representation of multiple Asia-Pacific energy companies in approximately 20 LNG price reviews.
Post-M&A SIAC arbitration
Representation of a Korean private equity & venture capital firm in a post-M&A SIAC arbitration. The claims arose out of breaches of misrepresentations, warranties and covenants by the seller in a PE M&A transaction.
ICSID arbitration
Representation of the Kingdom of Saudi Arabia in Samsung Engineering Co. Ltd. v. Kingdom of Saudi Arabia, an ICSID arbitration under the Saudi Arabia-South Korea BIT relating to the claimant's interests in a project for the construction of a power and desalination plant in Saudi Arabia.
Advisory and reporting services on international trade
We are providing advisory and reporting services to sovereign clients, trade associations and multinational corporations regarding international trade developments, regulatory issues and the impact of trade agreements in relation to ASEAN-member and other Asia-Pacific countries. Our services are provided to clients from a cross-section of industry sectors including automotive, chemicals, electronics, energy, food and beverage, manufacturing and steel, among others.
