Cains, the Isle of Man-based commercial law firm, enjoyed great success at the recent ALB SE Asia Awards 2009 held at the Ritz-Carlton Hotel in Singapore. The firm acted in the GMR – Intergen financing and acquisition transaction which won the Asset and Corporate Finance Deal of the Year and the financing of the Resorts World Sentosa which was awarded Project Finance Deal of the Year. Later in the evening, in the two mostly highly coveted awards, Resorts World Sentosa won the Singapore Deal of the Year and GMR- Intergen the SE Asia Deal of the Year.
The ALB SE Asia Law Awards, which is organised by ALB the leading Asian legal publication, recognises the excellence of south east Asia’s leading law firms as well as the top deals and dealmakers. The evening of the awards, which are held annually, is regarded as the most important night for the legal profession in the region.
Mike Edwards, a director Cains and head of its Singapore office, said: "We were proud to be part of the teams whose work was recognised at the ALB SE Asia Awards. In the short period of time since we established our office in Singapore, we have been instructed in some very high-profile transactions in the region and we are grateful for the continued support of our Asian clients."
Notes to Editors:
About the deals
GMR – Intergen – Cains acted for the agents under two facilities in relation to the US$1.1 billion acquisition of Intergen NV by GMR. This was the largest ever acquisition of an energy utility company by an Indian company.
Resorts World Sentosa - Cains acted regarding the Isle of Man law aspects of the financing of the US$4.4 billion Sentosa integrated resort. This was one of the largest syndicated credit facilities ever written in Singapore.
About Cains
Cains is a leading Isle of Man law firm and is expert in advising clients in the fields of international financial services, e-business, space and satellite, shipping and capital markets. The business acts for a broad range of clients including multi-national corporations, financial institutions, regulatory bodies and family offices. The business also has a strong track record of working in partnership with leading law firms to effect international transactions for clients, including market listings. In addition to the Isle of Man, the firm has offices in London and Singapore. In April 2009, Cains gained the Queen’s Award for Enterprise in the International Trade category, the highest honour that can be bestowed on a British business.