Leading global law firm Herbert Smith Freehills has assisted China energy major and longstanding client Sinochem on the completion the disposal of its interests in oil-and-gas exploration blocks in south Sumatra.
“The team was honoured to be entrusted with all aspects of what became a very complicated process,” said Beijing partner Calvin Ho. “This included guiding Sinochem throughout the international sale process and assisting them with the complex challenges of cross-border disposals by state-owned enterprises.”
“Managing disposals such as this over an operating asset meant we were called in to advise on other operating and regulatory issues that arose during the process, adding to what was already a complex disposal,” said Jakarta senior international counsel Matthew Goerke.
“We’re pleased that we helped the client successfully complete such a demanding sale process through virtual means and despite economic uncertainty.”
The firm advised on every aspect of the sale – from preparation of the tender process, vendor due diligence, bidder selection, drafting of transaction documents, negotiating with the preferred bidder, and liaising with the Indonesian Government to close the transaction.
Calvin and Matthew led the team advising Sinochem, assisted by partner Monica Sun, senior associate Jie Li and associates Yunfei Guo and Qiujie Tan in Beijing; by partner Hilary Lau, and senior associate Charles Wong in Hong Kong; and partner Dhani Maulana Pattinggi and associates Paskalia Ekaputri Deviani and Renny Soependi in Jakarta.
合伙人胡贵英和Matthew Goerke领导交易团队为中化集团提供咨询，北京办公室合伙人孙晔、李洁 (Senior Associate)、郭韵菲 (Associate)、谭秋婕 (Associate)，香港办公室合伙人刘恺信、黄天朗 (Associate)，以及雅加达办公室合伙人Dhani Maulana Pattinggi、Paskalia Ekaputri Deviani (Associate) 和Renny Soependi (Associate) 协助提供咨询。