Singapore
Singapore overview
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, white collar/investigations, mergers and acquisitions, private equity, investment funds and project development and finance matters, in local, regional and international jurisdictions.
Singapore experience
Combined investment into Geo Energy
Representation of EP Resources in a multi-sourced equity, debt and commodity financing to Geo Energy Resources Limited, a major Indonesian resources company listed on the Singapore Stock Exchange.
Acquisition financing of Indonesian infrastructure projects
Representation of the lenders in a loan to an SPV sponsored by Abu Dhabi Investment Authority (ADIA) and APG Asset Management N.V (APG) for the purpose of financing the acquisition of interests in infrastructure projects from an Indonesian state-owned entity.
LNG and prepayment financing
Representation of the national oil company of Papua New Guinea, Kumul Petroleum Holdings Limited (as borrower), in an LNG and condensate prepayment financing with Chevron USA Inc.
Financing to an industrial warehouse provider
Representation of United Overseas Bank in the US$400 million dual-tranche syndicated secured term loan financing to BW Industrial Development Joint Stock Company, an industrial warehouse provider majority owned by Warburg Pincus. The deal has been awarded "Best Structured Finance" by The Asset Triple A 2025.
Hyundai Motor India Limited's Indian IPO
Representation of the book-running lead managers in Hyundai Motor India Limited's US$3.3 billion Rule 144A/Regulation S IPO, which was the largest in Indian history as of its completion, the world's second-largest IPO in 2024 and Hyundai Motor's first listing outside Korea.
Brookfield India Real Estate Trust's QIP of units
Representation of the book-running lead managers in the qualified institutional placement (QIP) of units in the Brookfield India Real Estate Trust (BIRET) aggregating to approximately US$404 million. This transaction stands as: (1) the only QIP by an Indian real estate investment trust (REIT) in 2024; (2) the first REIT investment in India from the World Bank member International Finance Corporation and the Life Insurance Corporation of India; (3) BIRET's second QIP; and (4) the third QIP by a listed Indian REIT.
Harita Nickel's IDR 10 trillion Indonesian IPO
Representation of PT Trimegah Bangun Persada Tbk. (Harita Nickel) in its IPO on the IDX, which included a Rule 144A/3(c)(7) and Regulation S offshore tranche. The transaction raised approximately IDR 10 trillion (US$672 million). This IPO represented 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 electric vehicle industry.
Republic of Indonesia's US$35 billion Trust Certificate Issuance Program and subsequent sukuk offering
Representation of the dealers and managers in the 2023 update of The Republic of Indonesia's Rule 144A/Regulation S US$35 billion Trust Certificate Issuance Program and the subsequent issuance of sukuk thereunder, including a tranche of green sukuk, the proceeds of which were to be used exclusively to finance/re-finance expenditures directly related to "Eligible SDGs Expenditures with Green and Blue focus" under the RoI's SDGs Government Securities Framework.
PT Bukalapak.com Tbk's US$1.5 billion Indonesian IPO
Representation of the underwriters in the IPO of PT Bukalapak.com Tbk (Bukalapak) on the IDX, which included a Rule 144A/Regulation S offshore tranche. The transaction raised approximately US$1.5 billion and, as of its completion, represented 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 deal was named "IPO Deal of the Year" at the ALB Indonesia Law Awards 2022 and was among the 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$3.0 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. This deal won multiple awards including "Asia Pacific Oil & Gas Deal of the Year – Decarbonisation" at the IJGlobal Awards 2023, "Asia-Pacific Petrochemical Deal of the Year" at the PFI Awards 2023, "Energy Project of the Year: Downstream" at the Gulf Energy Information Excellence Awards 2024 and "Best Corporate Trust Mandate" at The Asset Triple A Sustainable Infrastructure Awards 2024.
Fengmiao 1 offshore wind project
Representation of Copenhagen Infrastructure Partners (CIP) in the development, US$3.1 billion project financing and equity sell-down of the 495 MW Fengmiao 1 offshore wind project in Taiwan. This project is the first multi-party corporate power purchase agreement-backed offshore wind project in Asia, and was supported by five export credit agencies and 27 international and Taiwanese banks.
Greater Changhua 4 offshore wind project
Representation of the export credit agencies and commercial lenders in the US$1.6 billion project financing of Ørsted's and Cathay Life's 583 MW Greater Changhua 4 Offshore wind project in Taiwan. This deal was named "Taiwan Renewable Energy Deal of the Year – Offshore Wind" at The Asset Triple A Sustainable Infrastructure Awards 2025, "Asia-Pacific Power Deal of the Year" by PFI Awards 2024 and "Asia-Pacific Renewable Deal of the Year - Offshore Wind 2024" by IJGlobal Awards.
Petrochemicals project
Representation of Pengerang Energy Complex in the development and financing of a multibillion-dollar and ECA-supported petrochemicals project in Malaysia.
Keppel's first data center project in Taiwan
Representation of Keppel Capital, a leading owner and operator of data centers across Asia-Pacific and Europe, in its joint venture with Digital Decarbonization Solutions Platform, a digital infrastructure and decarbonized energy delivery company, to acquire certain land in Taiwan to develop and operate an 80 MW Tier III-equivalent greenfield data center campus in North Taiwan. This deal marks Keppel's first data center project in Taiwan.
Sale and leaseback of a portion of Rakuten Mobile Inc.
Representation of Macquarie Asset Management, as lead investor in, and fund manager of, a consortium of global leading infrastructure investors, investing via a Singapore consortium platform into the sale and leaseback of a portion of Rakuten Mobile Inc.'s Japanese mobile network assets. This deal was recognized as "Asia-Pacific Deal of the Year" by Infrastructure Investor Awards 2024.
Acquisition of the remaining 40 percent stake in Hsu Fu Chi Limited
Representation of Nestlé in its successful acquisition of the remaining 40 percent stake in Hsu Fu Chi Limited, a leading Chinese confectionary company from the founding Hsu family.
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.
LNG price reviews
Representation of multiple Asia-Pacific energy companies in approximately 20 LNG price reviews.
Joint venture dispute
Representation of an infrastructure investment firm in a dispute relating to two joint venture agreements with a project developer on offshore wind farms in Asia-Pacific.
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.
Key contacts
“They have shown top-class abilities in our engagement, including effective communication that enables clients to appropriately understand the matters at hand.”
Tier 1: Energy
Tier 1: Projects
Leading Firm: Banking & Finance, Capital Markets: equity and debt, Corporate and M&A, International Arbitration, Restructuring & Insolvency
The Legal 500 Asia-Pacific 2025, Singapore
Leading Firm: Banking & Finance, Capital Markets, Construction, Corporate/M&A, Dispute Resolution: Arbitration, Energy & Natural Resources, Projects & Infrastructure
Chambers Asia-Pacific 2025, Singapore
"They have shown top-class abilities in our engagement, including effective communication that enables clients to appropriately understand the matters at hand."
Chambers Asia-Pacific 2025, Singapore
"The team is excellent in strategizing and executing tactics with their expert knowledge and experience."
The Legal 500 Asia-Pacific 2025, Singapore
"The firm has rich experience in handling complex legal matters, and its internal teamwork mechanism is very mature. They can quickly choose the right people to cooperate with when facing complex matters to achieve the effect of client satisfaction."
Chambers Asia-Pacific 2024, Singapore
"Extremely competent, well-sized team with a wide array of lawyers, all excellent in their areas of expertise. They are a pleasure to work with, with a positive culture of finding practical, creative solutions, always helping to successfully close even the toughest negotiations. They are very responsive, and never miss a deadline."
The Legal 500 Asia-Pacific 2024, Singapore
