Headline News
Skadden, Freshfields advise on $6.5 bln Indonesia telecom merger
by Nimitt Dixit
U.S. law firm Skadden, Arps, Slate, Meagher & Flom has advised Malaysia-headquartered Axiata Group on the $6.5 billion proposed merger of its Indonesian company XL Axiata and Smartfren Telecom, a subsidiary of Sinar Mas Group. Freshfields counseled Sinar Mas.
XL Axiata and Smartfren, which are both listed on the Indonesia Stock Exchange, are among the largest providers of telecommunications services in the Republic of Indonesia. The combined group will serve a mobile subscriber base of approximately 94.51 million, representing approximately 27 percent of the Indonesian market. The transaction is expected to close in the first half of 2025, subject to certain conditions, including regulatory and shareholder approvals.
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Other News
SAM, HSF guide Jubilant Bhartia Group on $1 bln Coca-Cola deal
Indian law firm Shardul Amarchand Mangaldas & Co. and international law firm Herbert Smith Freehills have advised Jubilant Bhartia Group on its agreement with The Coca-Cola Company to acquire a 40 percent stake in Hindustan Coca-Cola Holdings for over $1 billion.
Japan’s Miura to continue expansion with new Bangkok office
Japanese law firm Miura & Partners has announced plans to open a new office in Bangkok, Thailand, in March 2025, marking its latest move in an aggressive global expansion strategy.
Hogan Lovells turns to Dechert again for Asia laterals
Global law firm Hogan Lovells has expanded its Asia presence with three more hires from Dechert, with partners Siew Kam Boon, Timothy Goh, and Thomas Kim set to join the firm’s private equity and funds practice in Singapore in January.
Freshfields advises China Mobile Hong Kong on $1 bln offer for HKBN
Freshfields has advised China Mobile Hong Kong (CMHK) on its offer to acquire all issued shares in Hong Kong-based broadband company HKBN for approximately HK$7.8 billion ($1 billion).
PRC firm DeHeng continues regional expansion, ties up with Indonesia’s ARKO
Beijing-headquartered law firm DeHeng has entered into an alliance with Indonesian law firm ARKO Law to launch a joined legal offering in the country that aims to assist the increasing number of Chinese businesses entering Southeast Asia’s largest economy.
Baker McKenzie KLP JV adds Lee & Ko arbitration co-head in Seoul
Baker McKenzie KLP JV, the South Korean joint venture law firm between Baker McKenzie and KL Partners, has hired senior international arbitration attorney Sung Woo (Sean) Lim as a partner in Seoul. Lim joins from Lee & Ko, where he co-led the same practice.
SAM, Trilegal, Sidley, W&C act on $415 mln Brookfield REIT QIP
Shardul Amarchand Mangaldas & Co and Sidley Austin have advised their longstanding client Brookfield India Real Estate Trust (BIRET) on its $415 million equity offering through a qualified institutional placement of shares – the only QIP by an Indian REIT in 2024.
HK boutique DCLO makes another partner hire
Hong Kong boutique law firm David Cameron Law Office (DCLO) has made its second partner hire in a month after welcoming corporate lawyer Matthew Love.
NRF advises Carlsberg on $744 mln South Asia acquisition
Global law firm Norton Rose Fulbright has advised Denmark’s Carlsberg Breweries on its $744 million acquisition of the remaining 33.33 percent stake in its Indian and Nepalese operations from partner CSAPL.
Malaysia's Richard Wee Chambers grows following dual mergers
Malaysian law firm Richard Wee Chambers (RWC), a member of the PRC’s Grandall Law Firm, has announced its merger with two local firms, significantly expanding its presence and expertise in the country.
Links, Greenberg Traurig advise on $1.64 bln Taiwan wind farm deal
Linklaters has advised Danish energy company Ørsted on the sale of a 50 percent stake in its Greater Changhua 4 offshore wind project in Taiwan for approximately $1.64 billion to Cathay Life Insurance, which turned to Greenberg Traurig for advice.
Korea’s Yulchon welcomes back IP attorney as partner from LIN
Korean Big Six firm Yulchon has continued its aggressive expansion in 2024 with intellectual property attorney Keejeong Kim rejoining the firm as a partner from local law firm LIN.
Khaitan, SAM, Sidley advise on Torrent Power’s $413 mln QIP
Indian law firm Khaitan & Co has advised Torrent Power on its equity offering of $413 million through a qualified institutional placement of shares. Shardul Amarchand Mangaldas & Co and Sidley Austin advised the bookrunning lead managers on the deal.
9 firms advise on milestone $8.2 bln cross-border insurance deal
Global law firms Debevoise & Plimpton, Kirkland & Ellis and Herbert Smith Freehills are acting for Bermuda-based insurer Resolution Life on its $8.2 billion sale to Japan’s Nippon Life Insurance, the largest overseas acquisition by a Japanese insurer to date.
Indonesian law firm AZP Legal Consultants hires telecom industry expert
Indonesian law firm AZP Legal Consultants has announced the hiring of R Muharam Perbawamukti (Endi), a veteran with over 25 years of experience in the telecommunications industry, as a partner.
IndusLaw guides Zepto’s $350 mln funding round
IndusLaw has guided Indian quick commerce company Zepto on its latest $350 million funding round led by Motilal Oswal's Private Wealth division.
HK: CFN Lawyers bolsters disputes offering with hire from Jia Yuan affiliate
Hong Kong law firm CFN Lawyers has hired veteran dispute resolution lawyer Bonita Chan as a partner from Anthony Siu & Co, which operates in association with the PRC’s Jia Yuan Law Office.
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