Punishment and reward in Indonesian oil acquisition

Author: | Published: 29 Nov 2006

Herbert Smith's associated firm in Indonesia, Hiswara Bunjamin and Tandjung (HBT) has advised CITIC Resources on the acquisition of a 51% majority interest in Kuwait Foreign Petroleum Exploration's (KUFPEC) Indonesian oil field for $97 million.

The deal, in which Jones Day acted for KUFPEC, highlights...