​Ashurst wins at The Asian Lawyer Emerging Markets Awards

On Wednesday 18 November The Asian Lawyer's annual Emerging Markets Awards were held at the Four Seasons Hotel in Singapore. The awards recognise the top lawyers and firms servicing the ASEAN region and India, and reward the most innovative and creative deals.

Ashurst was awarded 'Energy Deal of the Year' for the US$2.8 billion Donggi-Senoro LNG project in Indonesia, acting for the lenders along with our Indonesian associate firm Oentoeng Suria & Partners.

Singapore oil & gas Partner Daniel Reinbott commented, "This landmark project is the first LNG project to be successfully developed and financed by sponsor and lender groups that are solely from Asia. It is also the first Indonesian LNG project to be financed on a true limited recourse basis and to adopt the split upstream and downstream development model. Because of the many unique characteristics and challenges of the DSLNG project, it is very well deserving of the many accolades and awards which it has received, this being the latest one. We are very grateful to JBIC, NEXI and the coordinating lenders, Mizuho and BTMU, for the opportunity to support them on this transaction. Our extensive involvement in this award-winning project, with Ashurst as international counsel and our associate Indonesian firm, Oentoeng Suria & Partners (OSP) as local counsel, showcases our strength and teamwork in Indonesia as well as in the LNG and oil & gas sectors."

This category was amongst the astonishing 10 nominations Ashurst received for our work across finance, energy, project finance, infrastructure, M&A and cross border litigation.

Thank you to Singapore Office Managing Partner Keith McGuire and Partners Daniel Reinbott, Andrew Digges and Ben Giaretta who attended the event to represent the firm and accepted the award.

A complete list of awards Ashurst were nominated for is below:

• Energy Deal of the Year - Indonesian state-owned PT Pertamina's $2 billion acquisition of interests in six offshore oil and gas blocks in Malaysia from Murphy Oil Corp. (Ashurst for PT Pertamina)
• Energy Deal of the Year - $2.8 billion Donggi Senoro LNG project in Indonesia (Hogan Lovells for sponsor PT Medco Energi Internasional Tbk; Latham & Watkins for sponsor PT Pertamina (Persero); Ashurst and Indonesian associate firm Oentoeng Suria & Partners for the lenders)
• Finance (Other Specialties) Deal of the Year - $1.9 billion restructuring of PT Bumi Resources Tbk's liabilities to China Investment Corp. (Ashurst acted for Bumi)
• Cross-Border Litigation/Arbitration of the Year - Arbitration between Papua New Guinea and Total SA involving the country's largest undeveloped gas resource (Ashurst for Total E&P)
• Mergers & Acquisitions - Private Equity Lawyer of the Year - Ashurst Singapore Partner Joel Hogarth
• Mergers & Acquisitions - Corporate Lawyer of the Year - Ashurst Singapore Partner Keith McGuire
• Infrastructure Lawyer of the Year - Ashurst Singapore consultant Sean Prior
• Energy Lawyer of the Year - Ashurst Singapore Partner Daniel Reinbott
• Energy Lawyer of the Year - Ashurst Singapore partner Andrew Digges
• Project Finance Deal of the Year - $2.8 billion Donggi Senoro LNG project in Indonesia (Hogan Lovells for sponsor PT Medco Energi Internasional Tbk; Latham & Watkins for sponsor PT Pertamina (Persero); Ashurst and Indonesian associate firm Oentoeng Suria & Partners for the lenders)

Visit the FinanceHub for more information on Ashurst's award-winning Global Project Finance Group.