The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Milbank Tweed Hadley & McCloy has represented Indonesian private coal company PT Ilthabi Bara Utama (IBU) on a $135m (£66.49m) privately arranged equity-linked note to finance the development of a coal mine in East Kalimantan.
Partner David Zemans and senior associate Jacqueline Chan led the team that negotiated and structured the transaction.
Merrill Lynch acted as lead arranger on the deal, under advice from Latham & Watkins.
According to Zemans, going down the privately-arranged funding route provided a viable alternative to project financing, which is typically not available for start-up companies and takes longer to put in place.