Milbank Advises Lenders in $4.3 Billion Indonesia Power-Generation Project

Reflecting the strength of its large-scale project finance and energy work in Asia, Milbank, Tweed, Hadley & McCloy LLP has advised Japan Bank for International Cooperation (JBIC), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) (as Documentation Bank) and 8 commercial lenders on the development and financing of a US $4.3 billion 2,000-megawatt coal-powered electricity generation plant in Central Java, which on completion will be one of the largest IPP’s in Asia.

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Trio of Magic Circle Lawyers Joins Morrison & Foerster as Partners in Asia

Morrison & Foerster, a leading global law firm, is pleased to announce that three Magic Circle lawyers have joined the firm as partners in Asia. In Hong Kong, Chuan Sun and Vivian Yiu have just started at Morrison & Foerster, coming to the firm from Freshfields Bruckhaus Deringer and Allen & Overy, respectively. In Singapore, Yemi Tépé has joined Morrison & Foerster from Clifford Chance, with immediate effect.

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Milbank Advises DBS Bank, Ltd. on the US$890M Senior Secured Financing Provided to STATS ChipPAC Ltd., a Leading Semiconductor and Manufacturing Company

As part of one of the biggest M&A deals reported so far this year in Singapore, Milbank, Tweed, Hadley & McCloy LLP advised DBS Bank, Ltd. on a US$890 million senior secured bridge financing provided to publicly listed STATS ChipPAC Ltd., a leading provider of advanced semiconductor and test services. DBS Bank, Ltd. acted as sole mandated lead arranger, bookrunner, underwriter, and lender in the financing. This complex financing included a perpetual securities offering and required taking security across seven jurisdictions globally.

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