Infrastructure and Project Financing

We act as counsel to developers and lenders in all types of infrastructure development projects, including private power, toll road, telecommunications and water supply projects, as well as natural gas mining projects.

Our attorneys have been especially active in advising lenders in power and infrastructure projects. Our attorneys advised Japanese lenders in connection with granting of US$300 million Term Loan Facility to PT International Nickel Indonesia Tbk, to finance the Karebbe Hydro Power project. They also advised large Chinese banks in connection with granting of US$231.7 million Term Loan Facility to finance a coal and power integration project in South Sumatera Province of Indonesia and a syndicate banks in respect of US$393 million facility to PT East Java Power Corporation to finance a gas fired power plant in Pasuruan, East Java.

We represent investors and lenders in the privatization of telecommunications, harbors and airport facilities, water systems, toll roads and gas pipelines. Our attorneys advised P&O Australia in its successful bid for a 49% stake in PT. Terminal Petikemas Surabaya.

Because we have a good understanding of projects as commercial lawyers many international lenders and project companies have engaged our litigators to protect their interests in commercial disputes:

  • We have advised consortium of Japanese and American lenders in defense of their USD1,000,000,000 (billion) financing of a USD2,000,000,000 pulp and paper mill in Sumatra, Indonesia.
  • We defended a Malaysian consortium with respect to the rights of the consortium in relation to their selection as the preferred strategic partner for purposes of building the USD500,000,000 (million) Jakarta Outer Ring Road against PT. Jasa Marga (the Indonesian Government owned toll road developer and operator) who attempted to terminate the consortium’s rights.
  • We also defended Singapore Power International (the Singapore State-owned electric power developer) in defending against police and labor union attacks designed to increase pressure against Singapore Power International in restructuring negotiations with Asia Pulp and Paper related to Singapore Power International’s USD800,000,000 (million) Indonesian owned power plants located next to and supplying power to Asian Pulp and Paper’s Indonesian pulp mills.
  • We represented and defended an international telecommunications joint venture company (owned AT&T Wireless and the Asia Infrastructure Fund) in their efforts to restructure a USD1,300,000,000 (billion) joint operation investment with the Indonesian State-owned domestic telecommunications monopoly, PT. Telekomunikasi Indonesia Tbk., including defense against actions by labor unions, the police, consumer protection agencies, the military, and, among other activities, resulting arbitration in Geneva Switzerland under the rules of the International Chamber of Commerce.

One of our advisors, co-authored the Indonesian chapter on Electricity Regulation in Getting the Deal Through’s publication on electricity regulations.