Rodyk acted for Sembawang Shipyard Pte Ltd ("SSPL"), a wholly owned subsidiary of Sembcorp Marine Ltd, in a cross border joint venture transaction with Kakinada Seaports. SSPL and Kakinada Seaports formed a joint venture company - Sembmarine Kakinada Ltd ("SKL") - in India to establish and operate a one-stop integrated marine and offshore facility on the east coast of India to cater to offshore vessels and merchant ships trading or operating in the area, regarded as one of the world's key oil and gas exploration areas. SSPL will initially hold a 19.9 per cent share of the joint venture's initial investment of US$50 million, with an option to increase to 40 per cent.

Corporate partner S. Sivanesan led this transaction, assisted by senior associate Sunil Rai. Litigation partner Lawrence Teh advised on governing law and arbitration. This transaction lends further credence to, and is another illustration of, Rodyk's ability to assist clients in cross border transactions if clients wish to venture out of Singapore and set a footprint in the region particularly in growing economies like India.