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Tan Joo Thye is a partner in Rodyk & Davidson LLP's Finance Practice Group and heads the firm's Indonesia Practice.
Joo Thye is experienced in areas of infrastructure, project finance, restructuring, banking and direct investment transactions. His recent and current infrastructure transactions include representation of an Indonesian conglomerate in the purchase of a turnkey hydro-electric power plant by way of tender; advising on the procurement of financing and representation of a Singapore based company with assets in Indonesia in the financing of a pulp mill and chips mill in Indonesia; and advising on the procurement of financing and representation of an Indonesian-based company for the purchase of a water supply related facility.
His recent banking experience includes the representation of a Singapore based telecommunications company in their equity financing for the purchase of a substantial equity interest in an Indonesian telecommunications company.
Joo Thye has extensive experience dealing with matters relating to Indonesian based projects or companies under difficult capital environments. He has a strong understanding of the risks involved in dealing with any Indonesian based projects or company. His experience is beneficial in helping clients in the origination of finance related products (often involving assets in multiple jurisdictions) or substantially improving the performance or payment risks of an Indonesian based counter-party in a transaction, through the use of credit enhancements, including insurance or derivatives, to improve the structural credit, or shift counter-party risks.
Joo Thye also handles other large cases involving offshore lenders taking Indonesia performance risks. His experience is beneficial in helping clients in the origination of finance related products or substantially improving the performance or payment risks of an Indonesian based counter-party in a transaction, through the use of credit enhancements, including insurance or derivatives, to improve the structural credit, or shift counterparty risks.
Joo Thye has extensive dealings and relationship with the Chinese Export Credit Agency (Sinosure), a necessary and key player in financing power plants or other infrastructure projects in Indonesia where a Chinese contractor is involved. His good understanding of bank credit and risks management issues makes identifying and assessing structural credit risks from operation and legal perspective especially relating to issuers or borrowers or counterparties from the emerging markets in Asia more effective, and helps to ensure that legal documentation will be executed in a timely manner.