Loo & Partners focuses on providing quality banking and capital markets advice, capturing a significant amount of initial public offering (IPO) work in China.
Asialaw Profile
Loo & Partners’ reputation is founded on its work for the Taiwanese Civil Aeronautics Administration in its defense of a claim over a crash in 2000 brought by Singapore Airlines.
The Asia Pacific Legal 500
…That regional expertise extends to banking work, where the team, has impressive instructions… also an authority on corporate governance… advises on shipping groups and others in the sector on financial issues…
The Asia Pacific Legal 500

We have strong track records in advising banks and financial institutions concerning legal and regulatory issues. In this regard, in addition to the local financial institutions, we also act regularly for foreign financial institutions based in Singapore.

Other than general banking work, we also handle Club and Syndication Facilities.

2012-2013

  •  We acted for Korean Development Bank in connection with its USD 50million and CNY 60million transferable Term Loan facility to a PRC Group ;
  • We acted for China Development Bank as the Singapore legal counsel in connection with its USD50 million loan facility granted to China Aviation Oil (Singapore);
  • We acted for China Development Bank as the Singapore legal counsel in connection with several project financing granted to Singapore-based borrowers;
  • We acted for China Construction Bank Corporation in connection with recovery of a USD29 million loan facility granted to a NASDAQ-listed company;
  • We acted for China Construction Bank Corporation in connection with its aircraft financing facility of USD90 million granted to Xiamen Airline for its purchase of two Boeing 737-800 aircrafts;
  • We acted for Cathay United Bank in connection with its syndicated aircraft financing facility of USD90 million relating to Sichuan Airlines’ purchase of an Airbus A330-300;
  • We acted for Bank of Taiwan in connection with a ship financing facility of up to USD34.88 million granted to U-Ming Marine Transport Group, a shipping conglomerate form Taiwan , for its purchase of a new vessel;
  • We acted for Taiwan Cooperative Bank in connection with a ship financing facility of up to USD 34.88 million granted to U-Ming Marine Transport Group for its purchase of a new vessel;
  • We acted for ANZ Bank in connection with a ship financing facility of up to USD34.88 million granted to U-Ming Marine Transport Group for its purchase of a new vessel;
  • We acted for Shougang Group, one of the largest steel conglomerate in China, in its USD50 million syndicated revolving credit facility granted by a consortium of banks comprising Bank of China, The Hong Kong and Shanghai Banking Corporation Limited and Industrial and Commercial Bank of China Limited, in relation to Shougang Group’s investment in a steel mill in Malaysia; and
  • We acted for Korean Development Bank in connection with a club loan facility of USD13 million granted to an Indonesian company.

 

2011-2012

  • We acted for Chinatrust Commercial Bank Co., Ltd. in the USD84.56 million vessel acquisition financing granted to U-Ming Marine Transport (Singapore) Private Limited;
  • We acted for Mega International Commercial Bank Co., Ltd. in the USD133.98 million vessel acquisition financing granted to U-Ming Marine Transport (Singapore) Private Limited;
  • We acted for Mega International Commercial Bank Co., Ltd. in the USD50 million short-term credit facilities granted to Mercuria Energy Trading Pte Ltd (“Mercuria”);
  • We acted for Mizuho Corporate Bank. Ltd., Singapore in the USD45.5 million vessels acquisition financing granted to U-Ming Marine Transport (Singapore) Private Limited;
  • We advised Hua Nan Commercial Bank. Ltd. in connection with its USD75.6 million vessel acquisition financing granted to Wan Hai Lines (Singapore) Pte Ltd;
  • We acted for Cortina Holdings Limited in relation to the loan of Thai Baht 335 million extended by United Overseas Bank Group to Cortina Watch (Thailand) Company Limited;
  • We acted for Shougang International (Singapore) Pte. Ltd., the subsidiary of Shougang Company Limited (one of the largest steel companies in China), in its proposed attainment of a USD50 million syndicated revolving credit facility from a consortium of banks comprising Bank of China, The Hong Kong and Shanghai Banking Corporation Limited and Industrial and Commercial Bank of China Limited, in relation to Shougang’s proposed first investment in a steel mill outside China;
  • We are acting for Korean Development Bank in drafting a USD13 million syndicated facilities agreement granted to an Indonesian company; and
  • We are acting for E.Sun Commercial Bank, Ltd from Taiwan in connection with its setting up of its Singapore Branch office.

 

2010-2011

  • We acted as counsel to Nordea Bank in connection with the delivery of MV “Thor Achiever” for securing the multi-currency facilities of US$108,000,000 granted in favour of Korea Line (Singapore) Pte. Ltd.;
  • We acted as counsel to Nordea Bank in connection with the delivery of MV “Poinsettia” for securing the credit facilities of US$360,000,000 granted in favour of Thoresen Shipping Singapore Pte Ltd.;
  • We acted for Mega International Commercial Bank Co., Ltd. in its USD 133,980,000.00 vessels acquisition financing granted to U-Ming Group, the Taiwanese Shipping conglomerate;
  • We acted for Mizuho Corporation Bank Ltd. in its USD 45,500,000.00 vessels acquisition financing granted to U-Ming Group, the Taiwanese Shipping conglomerate;
  • We are acting for Chinatrust Commercial Bank Co., Ltd. in its USD 84,560,000.00 vessels acquisition financing granted to U-Ming Group, the Taiwanese Shipping conglomerate.
  • We acted for Chinatrust Commercial Bank for its standard documentations of uncommitted credit facilities comprising of facility letter and its accompanying standard terms and conditions as well as its net banking standard documentation; and
  • We acted for Chinatrust Commercial Bank for its medium term loan facility in favour of Ardentec Singapore Pte. Ltd..

 

2009 and earlier

  • The more interesting recent financing transactions which we have handled are as follows:
  • We were the Singapore Counsel to Sony Electronics (Singapore) in connection with the Multi-Currency Syndicated Revolving Facility of USD5.35 billion extended to Sony Group coordinated by JPMorgan Chase Bank, N.A.;
  • We were the General Counsel to Group Steel Singapore Corporation (M) Sdn Bhd in connection with the Syndicated Islamic Bonds Issuance Facility of MYR110 million arranged by Citibank Berhad;
  • We acted for First Commercial Bank in connection with the Citibank-led USD600 million Syndicated Term Loan Facility granted to UMCi for the purchase of machinery and equipment in relation to UMCi’s 12” wafer fabrication plant;
  • We were the Singapore Counsel for Wan Hai Lines, a leading Taiwanese Shipping Group, in connection with its issue of USD125 million Zero Coupon Convertible Bonds;
  • We acted for Hua Nan Commercial Bank in its Term Loan Facility of USD38 million to Wan Hai Lines (Singapore) for the purchase of 2 steel container vessels;
  • We acted for Land Bank of Taiwan in its Term Loan Facility of SGD10 million to GP Industries Group;
  • We acted for Yusen Singapore in its Thai Loan Facilities of Thai Baht (THB) 225 million to Yusen Thailand;
  • We acted for Chang Hwa Commercial Bank in its funded participation in connection with the USD100 million Loan Facility led by Natexis Banques Populaires to Oao Tyumen Oil Company based in Russia;
  • We acted for Chang Hwa Commercial Bank in its participation in connection with the USD43.5 million Loan Facility led by Moscow Norodny Bank to Scientific Production Corporation based in Russia;
  • We acted for Chang Hwa Commercial Bank in its participation in the Trade Finance Facility of USD26 million led by Fortis Bank granted to Tri-Marine Group;
  • We acted for Chang Hwa Commercial Bank in respect of its participation in connection with the USD2 billion Republic of Philippines Credit Linked Permanent Global Notes issued by ABN AMRO Bank NV;
  • We acted for Chang Hwa Commercial Bank in respect of its Rate Swap and Option (relating to Fubon Financial Zero Coupon Convertible Bond) Transactions entered with American Express Bank;

 

2009 and earlier

  • We acted as the Singapore Counsel in connection with a USD250 million secured shipping loan facility granted by DBS Bank, First Commercial Bank, Hua Nan Commercial Bank, ING Bank N.V., the International Commercial Bank of China and ABN AMRO Bank N.V. to Wan Hai Lines;
  • We acted as the Singapore Counsel for Wan Hai Lines in connection with a USD50 million secured medium-term loan facility granted by Chang Hwa Commercial Bank;
  • We advised a group of Taiwanese banks in their transfer of loans in connection with the USD180 million Transferable Loan Facility granted to Eastglobe Limited upon the guarantee of PT Danareksa Jakarta International;
  • We acted as the Singapore Counsel for a Taiwanese Shipping Group in connection with a USD48 million secured medium term loan facility granted by a group of Taiwanese banks;
  • We acted for China-Sun Bio-Chem Technology Group Company Ltd in connection with a Zero Coupon Convertible Bonds of USD100 million coordinated by J.P. Morgan Securities (Asia Pacific) Limited;
  • We advised a local Shipping group on a USD20 million Multi-Currency Secured Term Loan granted by a Japanese bank in connection with their purchase of a vessel;
  • We acted for Chiao Tung Bank in connection with its absorption by the International Commercial Bank of China of the former’s global operations;
  • We acted as the Singapore Counsel relating to the USD224 million Loan and Guarantee Facilities granted by Nordea Bank to a leading shipping group;
  • We acted in the USD10 million Banking Facilities granted by the Bank of Tokyo-Mitsubishi UFJ to SBC Petrochemical Group;
  • We acted for High Tree Worldwide in connection with a USD20 million Financing Facilities granted by Deutsche Bank;
  • We acted for Hana Bank in its USD8 million Ship Financing Facilities to LS Maritime Group;
  • We acted in FerroChina’s issue of USD60 million Guaranteed Notes;
  • We acted as the Singapore Counsel for NEC Group in relation to the extension and amendment of the Japanese Yen 40 billion global revolving credit facility arranged by Citibank Group;
  • We acted in relation to the USD 85 million facilities granted to Changshu Everbright Material Technology Co., Ltd;
  • We acted in relation to the USD75 million facilities granted to Superb Team Limited;
  • We acted in the USD35 million secured trade facilities granted by BNP Paribas to FerroChina;
  • We acted in the USD10 million Banking Facilities granted by the China Construction Bank Corporation to Luzhou Bio-chem Technology Limited; and
  • We acted for China Construction Bank Corporation in connection with its USD15 million Financing Facilities granted to Sinopipe Holdings Limited.