|Makarim & Taira S has acted as Indonesian counsel to Deutsche Bank Singapore and PT AAA Securities in connection with the Issuance of US$168 million Secured Guaranteed Notes due 2011 by Indonesian biggest media company group, Media Nusantara Citra (MNC) through its Netherlands subsidiary. This issuance of offshore bonds/notes by an Indonesian company to be listed with the Singapore Stock Exchange is one of the only offshore bond deals in Indonesia to close recently.
Johnson Stokes & Master has advised a joint venture of Alliance Construction Materials Limited (j.v. of Cheung Kong Infrastructure Holdings Limited and Hanson plc) and K Wah in their successful tender for the last quarrying contract with the Civil Engineering and Development Department (CEDD) of the Hong Kong Government at Lam Tei in Hong Kong. The contract was awarded by CEDD and will involve the extraction of 6.4 million tonnes of aggregates over an eight year period and the associated rehabilitation.
Azmi & Associates has advised Eastern Pacific Industrial Corporation Berhad, a company listed on Bursa Malaysia, in negotiating a Shareholders Agreement with another listed entity, Road Builder (M) Holdings Bhd. The Government of Malaysia has recently awarded privatisation rights to the concession company over the port facilities and services at East Wharf of Kemaman Port and the Liquid Chemical Berth, a port situated at the East Coast of Peninsular Malaysia.
Latham & Watkins LLP has advised on Guaranteed Secured Notes Offering by Media Nusantara Citra B.V. The firm acted as international counsel in connection with Media Nusantara Citra B.V offering of US$168 million 10.75 percent guaranteed secured notes due 2011. The issuer is Indonesia’s leading media and broadcasting company in terms of viewer share, with significant operations in television, radio and print media.
Rodyk & Davidson has advised listed Norwegian media leader Schibsted ASA in their strategic partnership with Singapore Press Holdings (SPH) to develop online ventures in Singapore, South-East Asia and Greater China. The tie-up will see the parties make initial investments of SGD 2 million (US$1.26 million each to set up two joint ventures. Schibsted is regarded as one of the world’s most successful media companies in terms of the profitability of its online businesses.
Freshfields Bruckhaus Deringer has advised Kuwait Finance House Malaysia on a US$230 million Sharia-compliant mudharabah/ijara syndicated facility with Asia’s largest low cost carrier AirAsia for the financing of up to six Airbus A320-200s. This is the first time that such a financing product was used to acquire aircraft in South East Asia.
White & Case has advised ALSTOM on the acquisition of a company in China involved in remote condition-based monitoring and diagnostic devices in the petrochemical and power generation industries.
"You can’t manage what you don’t measure"
….so said a General Counsel in a recent discussion we had about the use of data in their legal department.
Indian court declares International Society For Krishna Consciousness (ISKCON) as a well-known Trademark
The Court observed that the word ISKCON is a coined trademark ...
Are you ready for the global tax reform?
A brief discussion on how MNCs should respond to the OECD’s new measures relating to Automatic Exchange of Information and Transfer Pricing issues