Two deals which Sidley advised on have been shortlisted by Asian Legal Business at its annual Indonesia Law Awards:
- Soechi’s issuance of senior notes was shortlisted for “Debt Market Deal of the Year (Midsize)” – Sidley partner Matthew Sheridan, Counsel Alexius Chong, and Associate Klara Thamrin represented Soechi in relation to its tender offer and consent solicitation in connection with its US$200 million 8.375% Senior Notes due 2023. Soechi is the largest independent tanker owner and operator in Indonesia, providing crude oil, petroleum products, and LPG shipping services and shipyard services principally to companies operating in the domestic oil and gas and chemical sectors.
- Indika Energy’s joint venture with Fourth Partner Energy was shortlisted for “M&A Deal of the Year” – Sidley Partner Charlie Wilson and Associate Moses Tan advised Indika Energy on the formation of a joint venture, Empat Mitra Indika Tenagra Surya (EMITS), with Fourth Partner Energy, India’s leading solar solution company, to provide solar, battery storage, and EV solutions to the Indonesian business sector. This high-profile partnership between two of Southeast Asia’s leading energy companies promises to significantly accelerate Indonesia’s transition to renewable energy.
Winners will be announced at the virtual awards ceremony in October 2021.