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White & Case Named "International Deal Firm of the Year"
June 23, 2008, Asian Legal Business

Global law firm White & Case LLP has been named "International Deal Firm of the Year" by Asian Legal Business.  The award reflects a banner year for the Firm in the region, which also saw White & Case play a key role in deals named "Debt Market Deal of the Year," "Structured Finance & Securitisation Deal of the Year" and "Insolvency & Restructuring Deal of the Year."
  • "Debt Market Deal of the Year" the Government of Indonesia US$1.5 Billion Debt Issue

    White & Case represented the Republic of Indonesia (acting through its Ministry of Finance) in the Rule 144A / Regulation S global offering of its US$1.5 billion 6.625% bonds due 2037. This global bond offering by Indonesia was noteworthy for being the largest 30-year bond issuance by an Asian issuer to date, for being priced at the tightest spread above comparable US treasuries of any global bond offering by Indonesia to date and for being completed in less than six weeks. Citigroup, Deutsche Bank and UBS were the joint lead managers for this offering. White & Case also represented the Republic in the 2006 offering of US$1 billion bonds due 2014 and its inaugural Yankee bond issuance in 1996. 
  • "Structured Finance & Securitisation Deal of the Year" DLF Structured Finance Transactions

    White & Case advised leading Indian real estate company DLF Ltd. on its US$2.25 billion IPO listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). This landmark IPO is the largest in Indian stock market history and values DLF at approximately US$22 billion, nearly twice that of its nearest rival Unitech Ltd., which is valued at approximately US$12 billion. The flotation was 3.5 times over-subscribed. This transaction was particularly notable because the Indian regulator used this transaction as a benchmark for disclosure by the sector, the deal was brought to market in volatile conditions and overall, took about 18 months to complete. Additionally, the IPO was an offering of local shares, not GDRs or ADRs, so international investors were truly investing in the local market. This transaction was also recently named "2007 IPO Deal of the Year" by India Business Law Journal
  • "Insolvency & Restructuring Deal of the Year" Asia Paper & Pulp Restructuring

    White & Case advised the Asia Pulp & Paper Group with respect to the worldwide restructuring of approximately US$14 billion in debt. This is the largest and most complex debt restructuring undertaken in Asia, given the size and diversity of the creditor group, which includes sovereign Governments, public bondholders in the United States and elsewhere, commercial banks and other institutions and trading companies. This multilayered restructuring involves a US$4 billion restructuring at APP (holding company level); an approximately US$6.7 billion restructuring at the Indonesian operating company level; and an approximately US$3 billion restructuring at the China operating company level. Our lawyers have been significantly involved in the completion of various schemes of arrangement at intermediate holding company level in Bermuda, Singapore and Hong Kong and in extensive litigation in the US, England, Hong Kong, Singapore and elsewhere.

The awards were presented to Doug Peel, the executive partner of White & Case's Singapore office, at the Asian Legal Business SE Asia Law Awards Ceremony held at the Marina Mandarin Hotel in Singapore on Friday, June 20, 2008.

Complete listing of White & Case's Awards, Rankings and League Tables