16 January 2018
Advised Long Haul Holdings Ltd. and PT Bakrie & Brothers Tbk (Bakrie Group) in March 2014 in the acquisition of a 29.2% interest in PT Bumi Resources Tbk from Asia Resource Minerals plc (formerly Bumi plc) (ARMS) for US$501 million in cash, and the disposal of the Bakrie Group’s entire 23.8% indirect interest in ARMS to Ravenwood Acquisition Company Limited. This is one of the most significant and complex transactions in recent times in both the UK and Asia. This cross-border deal straddled legal and business issues in Singapore, Indonesia, England and Wales.
Lead counsel acting for PT Bumi Resources Tbk, which owns one of the largest coal exporters in the world, on its global debt restructuring. The value of this deal is more than US$5 billion, making it one of the largest debt restructuring in Southeast Asia. This cross-border deal straddles legal and business issues in Singapore, Indonesia, USA, England and Wales.
England and Wales, 2007
Solicitor’s Regulation Authority, UK
American Chamber of Commerce, Singapore
Law Society of Singapore
Singapore Academy of Law