SINGAPORE/NEW YORK, May 8, 2015 – Reasserting its stature as one of the premier international legal advisors in Asia, Milbank, Tweed, Hadley & McCloy LLP has once again been named Indonesia International Law Firm of the Year at the annual Chambers Asia Pacific Awards for Excellence at a ceremony held in Hong Kong.
It was the second time in three years that Milbank was honored by Chambers for its market leading work in Indonesia. And it follows the firm’s 2014 selection as Singapore International Law Firm of the Year.
The Chambers award recognizes “outstanding work, impressive strategic growth and excellence in client service.” Milbank, Chambers notes, “is renowned for its Indonesian work, and is also active across South East Asia.” The publisher highlighted the firm’s strengths in financing and project development, M&A and capital markets. Milbank has long been one of the leading corporate and financial international law firms in Asia.
David Zemans, Milbank’s Singapore-based Managing Partner for Asia, said, “To be recognized as the best international firm in Indonesia is a great accomplishment, and the result of the outstanding effort of our entire Asia-based team. Our clients around the world trust us with their most complex, and challenging work and we look forward to continuing to deliver high-caliber, solution based work for them, in the region and globally.”
Milbank’s selection as Chambers Number 1 international law firm in Indonesia was based on a number of the firm’s transactions in 2014, including, to name only a few highlights:
- Advising transportation service provider PT Blue Bird Tbk on its US$202 million IPO on the Indonesian Stock Exchange, one of the largest IPOs of the year, and the company’s subsequent Rule 144A/Regulation S international offering;
- Representing Indonesian telecom tower provider PT Profesional Telekomunikasi Indonesia Tbk on its US$180 million inaugural international bond issuance;
- Representing Lion Group, Indonesia’s largest air carrier, as its purchase of US$1.2 billion in jet engines from CFM International, and establishment of a maintenance facility and repair consultancy;
- Advisor to leading Indonesian mining concern PT Adaro Indonesia on its US$1 billion loan facility from a large consortium of lenders;
- Advising Sarulla Operations Limited in relation to the US$1billion project financing of the 330 MW geothermal power project in Sumatra which is scheduled to be one of Indonesia’s largest geothermal power plants and the first greenfield geothermal power project to be successfully project financed in Indonesia in over a decade.
Milbank is well-known for its work in Asia, including top rankings in Chambers Asia Pacific for Projects and Infrastructure and Capital Markets in Singapore as well as Projects and Energy in Japan. In addition to winning Chambers awards for three years in a row, Milbank was named IFLR Financial Law Review’s “Most Innovative US Law Firm in Asia”and saw six of its transactions singled out as “Deals of the Year” by India Business Law Journal, amongst many other things.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for nearly 150 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of its clients by offering a highly integrated and collaborative range of services across key practice groups throughout its global network. Milbank’s integrated practice is underpinned by its attorneys’ acknowledged technical excellence, sectorial experience and a strong tradition of innovation and client service.
