DEPARTMENT PROFILE

Ashurst

Banking & Finance

Band 2Asia-Pacific RegionAsia-Pacific 2021 View ranking table
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What the team is known for

Prominent team with substantial work in project finance, refinancing, and acquisition and leveraged finance. Frequently represents notable international financial institutions on cross-border lending. Established capabilities in Australia, especially in relation to leveraged acquisition financing and corporate financing transactions. Strong offering in Singapore and regularly garners praise for transactions involving Indonesia. Notable expertise in Japan, in particular for project and acquisition financing. Also maintains a Hong Kong practice focused on advising Chinese banks on outbound work.

Strengths

Praised by a client as "very proactive in assisting us and coming up with solutions," the Australia finance team is considered to be "extremely commercially focused."

"They punch above their weight and are willing to be flexible," a client says, adding praise for the firm's Singapore finance group being "flexible in accommodating structural requirements."

Another client values the lawyers within the Australia team, noting that they "go the extra mile for us, and it shows."

Clients remark on the firm's Japan-based finance team: "They are very good, provide a very high-quality work standard and offer comprehensive coverage."

Work highlights

Acted for China Development Bank and Bank of China on the USD18.5 billion financing facilities provided in relation to the Central Asia-China natural gas pipeline projects.

Acted for DBS Bank and Société Générale as joint mandated lead arrangers in relation to USD400 million facilities made available to Sentek Marine & Trading.

Advised the bookrunners and financiers on the AUD600 million AGL Energy sustainability-linked loan.

Advised the bank parties on the AUD1.7 billion Charter Hall Office Trust multi-tranched real estate financings.

Assisted the Solomon Islands government in relation to a USD200 million facility provided to SIG Tina Hydropower as borrower for the purpose of funding the development, financing, construction and operation of a 15 MW hydropower plant on the Tina River in the Solomon Islands.

Notable practitioners

Global head of finance Jamie Ng is the main contact for clients. Martin Coleman and Shawn Wytenburg are key contacts for the firm's Australian team.

Department Information

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Overview

Ashurst's Asia-Pacific Banking & Finance practice is an established practice with strong capabilities and an impressive track record across a diverse range of matters. The team advises international and domestic financial institutions, alternate credit providers, multinational corporate borrowers, issuers and government agencies on the full suite of finance transactions.

We provide clients with:          

  1. The full range of banking and financial services, including working with our wider Finance team across debt and equity capital markets, structured finance and derivatives products, restructuring, insolvency and special situations, and transactional and advisory regulatory
  2. Experience executing highly complex transaction structures as opposed to operating only within the traditional spectrum of banking products. For example we advise clients on first of kind matters such as unitranche financings, US style term loan B structures, sustainability linked fund financings, and pre-IPO margin facilities
  3. Seamless cross-border and cross-practice team work and transaction management skills with the ability to plan and execute complex, strategically significant projects
  4. Expertise across the globe to meet the geographical and language needs of our clients; capabilities are augmented by support from our wider network, including:
  • Joint Operation Office with Guantao in Shanghai
  • Formal Law Alliance with ADTLaw in Singapore
  • Best friend referral relationship with Indian Law Partners in India.

Banking & Finance Department

Ashurst

firm
Department location

Ashurst LLP 12 Marina Boulevard #24-01 MARINA BAY FINANCIAL CENTRE TOWER3

#24-01 Marina Bay

Financial Centre Tower 3

Singapore

Singapore Island

Singapore

018982

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