Walkers Receives 2 Deal of the Year Awards from Asia Business Law Journal

Walkers has received two Deal of the Year awards from Asia Business Law Journal, commending our work in connection with Aboitiz Power Corporation’s acquisition of coal-fired power plants in the Philippines, as well as China Hongqiao's Indonesia refinery development and financing.

Walkers' Singapore office represented Aboitiz Power Corporation in its US$1.2 billion acquisition of Blackstone/Sithe Global’s interests in GNPower Mariveles and GNPower Dinginin in the Philippines. Our Singapore team was led by James Twigg. Also, Walkers' Cayman office advised Blackstone in this transaction.

Further, Walkers represented the lenders in relation to China Hongqiao Group's development, construction and financing of an alumina refinery with a capacity of 1 million metric tonnes per year, including a captive thermal power plant and associated facilities in Indonesia.

The annual “Deals of the Year” awards select winning deals based upon the size, novelty and complexity of the transaction, as well as for any precedents that may have been established.