The Sicangco and Sicangco Law Offices is a full service law firm offering an entire spectrum of legal services reflective of the diversity of its local and international clients ranging from oil, petroleum, power, chemicals, business process outsourcing, banking, manufacturing, trade, beverage, food, construction, agriculture, transportation, major private corporations to financial institutions, computer and advance electronic technology, mining, construction, real estate, educational institutions, venture capitalists, entrepreneurs and individual clients.
Our Firm is committed to the pursuit of rendering personalized and exceptional legal services responsive to the needs of its clients. We are committed to the success of our clients, we take responsibility for contributing to that success and we develop business solutions that add value. Out of this principle grew our focus on client service and our appreciation of the importance of building and maintaining a rewarding and beneficial long-term attorney-client relationship. Read more
Sicango, Herbert Smith, ACCRA Law , Bakers act on Philippines power station sale
Sicangco, Herbert Smith, ACCRA Law and Bakers have acted on the sale of BG Group's indirectly held 40% stake in the Santa Rita and San Lorenzo natural gas-fired power plants in the Philippines to Korea Electric Power Corporation (KEPCO) for a net consideration of US$400m.
BG Group, a long-standing client of Herbert Smith, penned a sale and purchase agreement with KEPCO
on 29 September 2010. The net consideration under the agreement is subject to standard completion adjustments that include interest to be paid to BG Group on closing - which is expected to complete in the first quarter of 2011.
The Santa Rita and San Lorenzo power plants have a capacity of 1,000NM and 500MW respectively. The plants are located in Batangas, on the island of Luzon, 80 kilometres south of Manila. Read more
Herbert Smith advises BG Group on its agreement to sell its interests in power stations in the Philippines to Korea Electric Power Corporation
A joint team from the Singapore and London offices of Herbert Smith LLP has advised longstanding client BG Group on the sale of its indirectly held 40% interests in the Santa Rita and San Lorenzo power stations in the Philippines to Korea Electric Power Corporation (KEPCO) for a net consideration of approximately US$400 million.
The Santa Rita and San Lorenzo power plants have a capacity of 1000MW and 500MW respectively. Both combined cycle natural gas-fired power plants are located in Batangas, on the island of Luzon, 80 kilometres south of Manila. BG Group signed a sale and purchase agreement with KEPCO today. The net consideration under the agreement is subject to standard completion adjustments, including interest to be paid to BG Group upon closing, which is expected in the... Read more