Capital Markets partner James Grandolfo led the Hong Kong-based Milbank team which included senior associate Kurt Sherwood and associate Ari Singzon. The transaction was supported by aviation partner Paul Ng, based in Singapore.
Mr. Grandolfo noted: "We are exceptionally pleased to have advised these leading investment banks in helping VietJet take a historic step, for both the country and the company. The success of the VietJet IPO is an important milestone in the development of Vietnam's capital markets. In addition, the capital raised by VietJet in the offer will help support expansion of its international routes and the enlargement of its fleet, which are critical for VietJet to compete in the Asian aviation market – one of the fastest growing and dynamic aviation markets in the world."
Milbank was recently named "Most Innovative U.S. Law Firm in Asia" by IFLR. In addition to its highly-respected and industry-recognized Hong Kong capital markets practice, Milbank boasts one of the most respected global aviation law practices. The firm recently advised VietJet in several other important transactions, including an $11.3 billion purchase agreement for Boeing aircraft, announced in May 2016, and a $2.39 billion agreement to acquire Airbus aircraft, announced in September. Milbank also advised VietJet in a $3 billion contract with Pratt & Whitney for the purchase of aircraft engines and in several multimillion-dollar agreements for maintenance, services, and flight training simulators.
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank's lawyers collaborate across practices and offices to help the world's leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives. For more information, please visit: www.milbank.com
From: Jocelyn De Carvalho, Public Relations Manager; 212-530-5509; email@example.com
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