find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Corporate Lawyer (3-5 years PQE)
Category: Corporate and Commercial Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· National firm acting for domestic and multinational clients
View details
Lawyer – CTP Insurance (2-3 years)
Category: Insurance and Superannuation Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Well-regarded team offering mentoring and career development
View details
Port Moresby chosen for new multimillion-dollar project

Port Moresby chosen for new multimillion-dollar project

Chris Redden

Two firms have advised on development of a new project in Port Moresby worth $100.6 million.

Firms: Norton Rose Fulbright (Star Mountain Plaza Limited); Allens (Bank of South Pacific Limited)

Deal: Star Mountain Plaza Limited has been advised on the development and financing of its new project in Port Moresby, PNG.

Value: $100.6 million

Area: Banking and finance, infrastructure

Key players: The legal team advising Star Mountain Plaza Limited comprised of Norton Rose Fulbright partners Anthony Latimer, Chris Redden (pictured), Steve Johns and Mark Waddell, special counsel Melanie Hunter, senior associate Louise Santos, and associates Celia Boyle and Chris Sewry.

Deal significance: Star Mountain Plaza Limited has gained finances worth $100.6 million from the Bank of South Pacific Limited for the construction, development and operation of its Star Mountain Plaza project in Port Moresby.

Star Mountain Plaza will consist of a 212-room hotel, separate convention centre, carpark, restaurants, bars, swimming pool and gym, and is being built for the APEC Summit in Port Moresby in 2018.

The company said that the project will embody “the aspirations of the people of Papua New Guinea” and “will herald a new era for landowner-initiated investments” to the benefit of PNG people and communities.

Norton Rose Fulbright acted on all corporate and shareholder arrangements involving a joint venture between three major PNG entities – Mineral Resources Star Mountain, Mineral Resources Ok Tedi and Petroleum Resources Kutubu Limited. The firm also acted on the major construction aspects of the project.

This follows the announcement of the opening of Norton Rose Fulbright’s new office in Port Moresby in November last year, to service a broad range of growing sectors and industries as part of an expanded Asia Pacific network.

“We were pleased to have assisted Star Mountain Plaza Limited to obtain the funding needed to progress this important project,” said Norton Rose Fulbright partner Chris Redden.

“Not only will it provide the PNG people with a world-class facility, it will also assist PNG to run a successful APEC summit next year.

“Opening our first PNG office last year was a reflection of the huge potential we see in that country, and the Star Mountain Plaza project is a great example of that potential being realised.”


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

Port Moresby chosen for new multimillion-dollar project
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
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 & ...