Singapore
About
Singapore is a key international financial and trade hub in Asia 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 nearly 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 banking and asset finance, capital markets, corporate, international arbitration, mergers and acquisitions, private equity, and project development and finance matters, in local, regional and international jurisdictions.
AWARDS & RECOGNITION
"The team is highly efficient and their ability to understand the client is remarkable."
"They know the market well and their response time and knowledge is excellent."
"Renowned for assisting US and European clients on inbound investment into South-East Asia, as well as outbound investments by Asian corporations."
Chambers Asia-Pacific 2021
"White & Case provided an excellent service. The entire team was extremely professional, knowledgeable, and accommodating."
The Legal 500 Asia-Pacific 2021
"Renowned for assisting US and European clients on inbound investment into South-East Asia, as well as outbound investments by Asian corporations."
"They've been excellent and we really rely on them."
"The key thing about them is that they are very strong both in terms of their technical knowledge of the law and their very solid commercial practice."
Chambers Asia-Pacific 2020
"The team is 'excellent in all respects'…"
The Legal 500 Asia-Pacific 2018
Experience
Indonesian IPO of PT Bukalapak.com Tbk
Representation of the underwriters in the IPO of PT Bukalapak.com Tbk (Bukalapak) on the IDX, which includes a Rule 144A/Regulation S offshore tranche. The transaction raised approximately US$1.5 billion and represents 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.
Changfang and Xidao offshore wind project
Representation of Copenhagen Infrastructure Partners (CIP) on the development, equity sale process and US$3 billion (NT$90 billion) financing of the 589 MW Changfang and Xidao (CFXD) offshore wind project in Taiwan. This deal won "Asia Pacific Project Finance Deal of the Year 2020" by IJGlobal Awards, "Asia Pacific Renewable Deal of the Year 2020" by PFI Awards, "Project Finance Deal of the Year 2020" by FinanceAsia Achievement Awards, and "Project Finance Deal of the Year 2021" by IFLR Asia-Pacific Awards.
Yunlin offshore wind project
Representation of the lenders on the €2.7 billion (NT$94 billion) financing of wpd's 640 MW Yunlin offshore wind project in Taiwan. The lender group includes multiple export credit agencies and a large syndicate of international and Taiwanese commercial banks. This deal won "Asia Pacific Renewable Deal of the Year 2019" by PFI Awards, "Asia Pacific Offshore Wind Deal of the Year 2019" by IJGlobal Awards, "Deal of the Year 2019" by Asian-MENA Counsel, "Overall ECA-backed Deal of the Year 2019" by TXF Awards, "Project Finance Deal of the Year 2019" by FinanceAsia Achievement Awards, "Regional Renewable Energy Deal of the Year 2020" and "Taiwan Renewable Energy Deal of the Year—Wind 2020" by The Asset Triple A Asia Infrastructure Awards, and "Energy and Infrastructure Project of the Year 2020" by Asia Legal Awards.
Refinery and Petrochemical Integrated Development (RAPID)
Representation of Saudi Aramco on the development and financing of the US$15.3 billion Refinery and Petrochemical Integrated Development (RAPID) joint venture with Petronas in Malaysia. The financing parties include six export credit agencies—JBIC, NEXI, KEXIM, K-Sure, CESCE and SACE—and 23 commercial banks. This deal won "Best Malaysia Deal 2018" by FinanceAsia Achievement Awards, "Asia Pacific Petrochemical Deal of the Year 2019" by PFI Awards, "Asia Pacific Petrochemicals Deal of the Year 2019" by IJGlobal Awards, "Asia-Pacific ECA-backed Deal of the Year 2019" by TXF Awards, "Project Finance Deal of the Year 2020" by IFLR Asia-Pacific Awards, "Regional Petrochemical Deal of the Year 2020" and "Malaysia Petrochemical Deal of the Year 2020" by The Asset Triple A Asia Infrastructure Awards, "Projects, Energy and Infrastructure Deal of the Year 2020" by ALB Malaysia Law Awards, and "Project Finance Deal of the Year 2020" by ALB South East Asia Law Awards.
LNG price reviews
Representation of multiple Asia energy companies in approximately 20 LNG price reviews.
North-South Commuter Rail project
Representation of the Philippine Government (through the Asian Development Bank) as transaction advisor for the preparation, structuring and procurement of the operations and maintenance concession for the 148km, US$15.8 billion, North-South Commuter Rail Project. This role includes advising on the interoperation between railway lines and networks in Metro Manila.
ICSID arbitration
Representing 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.
Financing for acquisition of a trans-India gas pipeline asset
Representation of the lenders on a loan to a Singapore-incorporated SPV sponsored by Brookfield Asset Management to partly refinance the US$1.9 billion acquisition of a gas pipeline asset.
Financing to an Asia towers business sponsored by Digital Colony
Representation of Deutsche Bank Singapore Branch as mandated lead arranger in a US$350 million loan facility to an Indonesian subsidiary of Edgepoint Group, an Asia-focused towers business sponsored by the US$25 billion infrastructure investor, Digital Colony. The other lenders included ING Bank, Natixis and Standard Chartered Bank, all working from Singapore.
IPO of Asset World Corp Public Company Limited
Representation of joint global coordinators in Asset World Corp Public Company Limited's THB 48.0 billion (approximately US$1.5 billion) IPO of ordinary shares, and its listing on the stock exchange of Thailand, which included a 144A/Regulation S international offering. This deal won the "Deal of the Year" by Asian-MENA Counsel 2019.
Republic of Indonesia's US$3 billion multi-tranche sukuk offering
Representation of the Arrangers and Managers on the update of The Republic of Indonesia's (RoI) Rule 144A/Reg S U.S.$25 billion Trust Certificate Issuance Program and the subsequent US$3 billion triple tranche sukuk offering under the Program, which closed successfully in June 2021. The offering involved the issuance of a tranche of US$1.25 billion sukuk due 2026, a tranche of US$1 billion sukuk due 2031 and a tranche of US$750 million Green sukuk due 2051.
Bangkok Bank Public Company Ltd.'s acquisition of Bank Permata stake
Representation of Bangkok Bank on its US$2.3 billion acquisition of a majority shareholding in Bank Permata Tbk from Standard Chartered Bank and PT Astra International Tbk.
Formation of a perpetual core fund
Representation of E-Shang Redwood on the formation of a perpetual core fund and joint venture among ESR, AXA Investment Managers-Real Assets (AXA IM) and a major sovereign wealth fund on the acquisition of six logistics properties in Japan for US$1 billion.
Babilou SAS
Representation of Babilou SAS, a Copeba portfolio company, on its acquisition of a 70 percent shareholding in the Nurture Education Group, a leading childcare center operator based in Singapore.
bKash
Representation of bKash Limited, the leading mobile financial services provider of Bangladesh, on its strategic partnership with Ant Financial Services Group, the operator of Alipay, the world's largest third-party payment platform.
Restructuring of EMAS Chiyoda Subsea
Representation of Chiyoda Corporation, a Japanese global Engineering, Procurement and Construction (EPC) company on the US$1.5 billion restructuring of its investment in EMAS Chiyoda Subsea Limited (ECS), a joint venture company owned by Chiyoda Corporation, NYK Shipping Lines and Ezra Holdings Ltd. The business of the JV was to provide services to the oil & gas industry (subsea cables and offshore contractor).
Redwood Group Asia
Representation of Redwood Group Asia on its merger with e-Shang Cayman Ltd (a logistics developer sponsored by Warburg Pincus and APG) to create "e-Shang Redwood," one of the largest logistics real estate platforms in Asia (Singapore, China, Japan and South Korea).
Advisory and reporting services on international trade
We are providing advisory and reporting services to sovereign clients, trade associations and multinational corporations regarding international trade developments, regulatory issues and the impact of trade agreements in relation to ASEAN-member and other Asian countries. Our services are provided to clients from a cross-section of industry sectors including automotive, chemicals, electronics, energy, food and beverage, manufacturing and steel, among others.
