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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.

全球领先的律师事务所史密夫斐尔为中国能源巨头和长期客户中化集团(Sinochem)完成其在南苏门答腊岛油气勘探区块的权益处置提供法律服务。

史密夫斐尔北京办公室合伙人胡贵英表示:“我们很荣幸在本次复杂的交易过程中为客户提供全方面的法律支持。史密夫斐尔交易团队为中化集团的海外出售提供了全流程法律服务,并协助其应对国有企业跨境资产处置中的复杂挑战。”

史密夫斐尔雅加达办公室高级国际顾问Matthew Goerke表示:“为此类经营性资产处置提供支持,还意味着需要就中途出现的其他运营和监管问题提供建议,这令本已复杂的处置工作更具挑战。”

“我们非常高兴地看到,尤其是在目前经济不确定的背景下, 我们能够通过线上交易,帮助客户成功完成了这样一个颇有难度的资产处置交易。”

史密夫斐尔就本次交易的各个方面提供了咨询,包括准备招标过程、卖方尽职调查、选择投标人、起草交易文件、与优先投标人谈判以及与印尼政府沟通以完成交割。

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。
 

Key contacts

Calvin Ho photo

Calvin Ho

Partner, Mainland China

Calvin Ho
Matthew Goerke photo

Matthew Goerke

Partner, Jakarta

Matthew Goerke

Media contact

For further information on this article please contact

Sally Greig

Head of Communications, Asia

Hong Kong

Media contact

For further information on this article please contact

Vivian Huang

Communications Manager, China

Beijing

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