find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Corrs advises on Abbot Point $1.1bn financing deal

Corrs advises on Abbot Point $1.1bn financing deal

Corrs Chambers Westgarth acted for State Bank of India in relation to the financing for the acquisition of Abbot Point Coal Terminal in Queensland.

CORRS Chambers Westgarth has acted for State Bank of India in relation to the financing for the acquisition of Abbot Point Coal Terminal in Queensland, Australia.


The deal is the last part of the Queensland government's asset sales plan. It brought in $1.829 billion that will be funnelled into the state's disaster recovery.


Premier Anna Bligh last month announced that the government had agreed to a 99-year lease of the Abbot Point Coal Terminal to Mundra Port Pty Ltd for a sum above the expected price of $1.5 billion.


Corrs advised SBI on the Australian finance and taxation aspects of the US$1.1 billion financing.


The Corrs team, which worked closely with Amarchand & Mangaldas & Suresh A Shroff & Co on the transaction, was led by partner Robert Ritchie and supported by partner Craig Milner and lawyer Amin Doulai.


Allen & Overy acted for Standard Chartered Bank as lender to Adani Enterprises Ltd , India's biggest coal importer, on the acquisition of the terminal.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Corrs advises on Abbot Point $1.1bn financing deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...