Sep 19, 2017

DLBP advises Mitsui's Irish Subsidiary in the Sale & Novation of A320 to Igrek Shicata Co.


Dwipo Lubis Baskoro & Partners Aviation Team led by Partner Haryo Baskoro advises M&T Aviation Finance (Ireland) Limited (an Irish subsidiary of Mitsui & Co., Ltd.) ("MTI") in the sale of one (1) A320-216 to Igrek Shicata Co. while remain under operation of AirAsia Berhad. The transaction involves complex restructuring of Labuan companies arrangement. Haryo commented "this deal is very challenging and complex particularly as we need to solve many issues along the way in relation to Labuan arrangement that need to be in place; but we are glad that the deal is finally closed. Thanks to our client for trusting us to, once again, act as lead counsel for them".

Other counsels act for MTI in this deal are Tay & Partners and Matheson for the Malaysian and Irish laws aspects of this deal respectively. Nishimura & Asahi acts for Igrek Shicata Co. K&L Gates acts for the Lender. Bird & Bird ATMD LLP acts for AirAsia Berhad.