SSEK has been recognized for its work on the BlueScope Steel and Nippon Steel joint venture, which was named a 2013 Deal of the Year by Asian-MENA Counsel. This US$1.36 billion deal involved a tie-up between Australia's BlueScope Steel and Japan's Nippon Steel.
Nippon Steel acquired a 50 percent stake in BlueScope Steel as part of a strategic partnership that should allow BlueScope to boost sales in the expanding Southeast Asia market.
Asian-MENA Counsel noted that this was a sizable deal that entailed anti-trust approvals as well as complex regulatory processes in eight different jurisdictions in relation to the incorporation and capitalization of companies and transfer of shares.
SSEK acted as Indonesian counsel for BlueScope Steel. King & Wood Mallesons was international counsel for BlueScope Steel.
SSEK partners Ira A. Eddymurthy and Fahrul S. Yusuf led the SSEK team involved in the transaction.
Asian-MENA Counsel is a monthly legal publication published by Pacific Business Press for corporate counsel in the Asia Pacific and the Middle East.
SSEK Legal Consultants is a leading full-service corporate and commercial law firm based in Jakarta, Indonesia. Since its founding in Jakarta in 1992, SSEK has grown to one of the largest and most highly regarded corporate law firms in Indonesia. SSEK is recognized by independent legal directories including Chambers & Partners, The Legal 500 and Asia Law as a leading law firm in Indonesia across all major practice areas including banking and finance, capital markets, corporate law and mergers and acquisitions, construction and real estates, energy and natural resources, IT and telecommunications, labor and employment, project finance, restructuring and insolvency, and shipping. SSEK has been named the Indonesian Law Firm of the Year on multiple occasions.