Joo Thye is a senior partner in our Finance practice. He is experienced in the areas of banking and finance, energy, mining, infrastructure, project finance, restructuring, M&A and direct investment transactions.
In energy, he has handled many energy transactions in emerging markets and is well equipped to manage the unique challenges specific to such markets. He has advised on, among others, the development of both traditional and renewable energy power plants and other infrastructure assets, routinely seeing the transaction through from inception to commercial operation. Through multiple documentations in consortium arrangements such as SPAs, SHAs, EPC contracts, fuel supply, O&M arrangements, power purchase agreement, BOT contracts, implementation agreements and their related financing documents, he has successfully led these projects to financial close.
In banking, he has advised banks, financial institutions and borrowers on a wide range of transactions which include advising on bilateral, club and syndicated loans, refinancing, acquisition financing, financing for LBO / MBO, infrastructure financing (including utilities and both greenfield and brownfield assets), ECA supported financing and lending to REITs (both in Singapore and outside of Singapore), and financing in the trade, commodity, infrastructure and energy sectors.
In commercial contracts, he routinely advises clients on EPC contracts for different assets, fuel supply arrangements, O&M contracts, power purchase agreements, BOT contracts, LNG sale and purchase, PSCs, joint operations, shipping purchase and building, barging contracts, charter parties, and various sector related technical support agreements.
Joo Thye has extensive experience and a strong understanding of the risks involved in dealing with matters relating to Indonesian based projects. His experience also extends to the structuring of finance related products (often involving assets across multiple jurisdictions) and substantially improving performance, payment or counter-party risks in a transaction through the use of various credit enhancements, such as insurance or derivatives.
- Confidential client: Advising a Chinese SOE in its purchase of LNG of up to 52,000,000 MMBtu for a term of 20 years from BP on DES terms.
- Confidential client: Advising one of China’s five largest SOE power generators, in its joint venture with one of Asia’s biggest refiner, to acquire a 15% stake for CAD$1.5 billion in a Canadian liquefied natural gas project (PNW) for both the upstream and downstream assets.
- Confidential client: Advising a Chinese SOE EPC contractor in its acquisition of 51% stake in a Vietnamese project company to develop a 2 x 660 MW coal-fired thermal power facility in Vietnam, with the project being valued at US$2.3 billion.
- Confidential client: Advising a Singapore listed company in its joint venture power project to develop a 50MW (AC) grid-tied solar PV power plant at Sutiakhali, Mymensingh, Bangladesh, and the sale of electrical energy from the solar power plant to the Bangladesh Power Development Board for a 20 year term on a no electricity, no payment basis.
- Confidential client: Advising an Indonesia power developer which engaged a Chinese contractor to design, procure and construct a 4 x 127.5MW hydroelectric power plant in North Sumatra, Indonesia, with the EPC price valued at more than US$ 1billion.
- Confidential client: Advising a Singapore listed company in its bid to be appointed as operator to build and operate a light rail system in Bandung, Indonesia with a project value of US$250 million.
- Shwe Taung Development Group: Advising in relation to its joint venture with an entity of the Pan Pacific Hotels Group in the construction, development, operation and management of a hotel situated in the prime city centre of Yangon, Myanmar. This 348-room hotel will be located in the Bogyoke Aung San Square mixed used property development along Shwedagon Pagoda Road in Yangon, which is currently being developed by Shwe Taung Development Group.
- Confidential client: Advising a Bermuda incorporated company in its investment of up to US$31 million in a group of companies involved in the research and development of integrated molecular solutions and medical technologies, via a joint venture for the acquisition of key assets which include a group of subsidiaries in Malaysia, Germany, Australia, India and Singapore from a Singapore holding company under judicial management.
- PT Delta Dunia Makmur: Advising in its leveraged buyout of PT Bukit Makmur Mandiri Utama, Indonesia’s second largest mining contractor, and the shareholders of PT Delta Dunia Makmur in their shares placement. This deal was named “Asia 2010 M&A Deal of the Year” by International Financial Law Review.
- Confidential client: Advising a Thai commercial bank as Singapore legal counsel in its THB 4.83 billion project financing facilities to a Thai wind energy company for the development, construction, operation and maintenance and financing of a 60 MW wind farm power plant in Watabak, Thailand.
- Multiple clients: Advising DBS Bank Limited, Standard Chartered Bank, and Maybank, which are the Original Mandated Lead Arrangers, Bookrunners and Original Lenders in the S$1.15 billion term loan facilities to Universal Terminal.
- China's CITIC Bank International Limited: Advising in the grant to the holding company of a leading fibre, pulp and fine paper producer of syndicated facilities aggregating US$120 million from China CITIC, ABN AMRO, Industrial and Commercial Bank of China, Cathay United Bank, The Bank of Tokyo-Mitsubishi UFJ and RBI, and in the related security transactions.
- Multiple clients: Advising a number of Singapore based banks, through the programme manager, in the Loan Insurance scheme and the Trade Credit Aggregation Programme.
- Confidential client: Advising a Singapore based telecommunications company in their US$600 million equity financing for its purchase of a substantial interest in an Indonesian telecommunications company.
- Multiple clients: Advising a syndication of banks in a US$123 million financing that involved receivables and inventory (bonded and non-bonded) out of China.
- Asialaw Profiles: Leading Lawyer for Mergers & Acquisitions, 2011–2013
- Asialaw Profiles: Leading Lawyer for Banking & Finance, 2015 & 2016
- Chambers Asia Pacific: Recognized as a Leading Individual for Banking & Finance, 2011
- Expert Guides: Recognized as a leading project finance lawyer, 2008
- Who's Who Legal: Recognized in the Project Finance chapter of Who's Who Legal: Singapore, 2008
- Co-author, "Indonesian Infrastructure Project Guarantees", Rodyk Reporter - Regional Reports, March 2011
- Co-author, "Indonesian Mining Law Implementation Regulations", Rodyk Reporter - Business Bulletin, December 2010
- Co-author, "Implementation Regulations Of The New Mining Law", Rodyk Reporter - Regional Reports, September 2009
- Co-author, "Indonesia Enacts New Mining Laws", Rodyk Reporter - Regional Reports, March 2009
- Co-author, "The New Indonesian Company Law", Rodyk Reporter - Regional Reports, March 2008
- Co-author, "Investment In Indonesia", Rodyk Reporter - Business Bulletin, June 2007
Activities and Affiliations
- Common Securities: Issues and Limitations, October 29, 2010
- Investing In Indonesia: Legal & Regulatory Framework Resolving Indonesian Investment Disputes, May 25, 2006
Prior and Present Employment
- Senior Partner - Dentons Rodyk (formerly Rodyk & Davidson LLP) (2002 - present)
- Singapore Telecoms (2001 - 2002)
- Asia Pulp & Paper Co Ltd (1997 - 2001)
- Rodyk & Davidson (1992 - 1997)
- Loo & Partners (1989 - 1992)