Pauline heads the Banking & Finance practice and is also a Director in the firm’s Corporate & Finance Department. She has more than two decades of experience representing and advising clients on a wide range of local and cross-border loan and financing transactions. She has also acted for clients in mergers and acquisitions of local and foreign companies and general corporate and commercial transactions.
More specifically, Pauline has worked on bilateral and syndicated loan facilities to borrowers from the ASEAN countries, the Asia Pacific region, and Europe. She has also advised clients on the financing of infrastructure projects including power plant and highway construction projects, property construction financing, ship financing, and loan restructuring and rescheduling.
Pauline was an adjunct tutor and lecturer for graduate and post-graduate students on banking and finance topics. The Singapore Institute of Legal Education appointed her a Teaching Fellow for the ‘Corporate & Commercial Practice’ subject of the Singapore Bar Examinations.
Pauline’s notable transactions include the following:
- Acted as Singapore counsel for Saudi Basic Industries Corporation (SABIC) in a multi-billion dollar financing transaction to fund its worldwide acquisition of General Electric’s plastics business.
- Acted as Singapore counsel for PT Bumi Resources Tbk in the landmark US$1.9 billion funding from Country Forest Limited, one of the world's largest and most reputable investment institutions wholly owned by the People's Republic of China, to refinance its existing indebtedness and fund its working capital and capital expenditure.
- Acted as Singapore counsel for a syndicate of lenders led by Barclays Bank PLC in the restructuring of an offshore acquisition financing granted by the syndicate lenders. This included term loan facilities, a multicurrency revolving facility and a mezzanine term facility to finance the sale of Ashtead Technology Rentals to a management led buyout backed by Phoenix Equity Partners for a total consideration of approximately £95.6 million.
- Acted for a club of major banks in Singapore in connection with the grant of a S$556 million financing package consisting of land loans and construction loan facilities to UE Development (Bendemeer) Pte. Limited, a wholly-owned subsidiary of a major listed developer, United Engineers Limited. The purpose of this transaction was to finance the borrower’s purchase of leasehold land from the Housing Development Board in Singapore and the development of a private condominium project on it.
- Acted as borrower’s counsel to local listed entities including A-REIT and CWT Ltd in connection with various multi-million dollar refinancing of existing debt, investments, and other working capital purposes.
Asia Pacific Legal 500
Banking & Finance 2021 - Recommended Lawyer for 4 years
“Pauline Chong is highly competent and provides sound advice. Her follow up actions are good and timely.”
“Pauline Chong is highly recommended.”
She has a “fine record in syndicated and bilateral lending, acquisition finance and project finance.”
IFLR 1000: The Guide to the World's Leading Financial Law Firms
Banking & Finance 2020
“Highly professional, responsive and knowledgeable.”
“Excellent legal and commercial advice on banking matters which is current and practical for business purposes.”
“Strong in corporate banking matters, understands trade and treasury products very well, always giving ideas for better ways of structuring financing lines, innovative in helping the find suitable solutions, and willing to walk the extra mile, clocking extra hours to rush out urgent cases."
“One of the better legal professionals around, she is helpful, knowledgeable and professional in her dealings.”
Banking & Finance 2020 – Notable Practitioner
“Willing to go the extra mile for the client. Innovative. Good communication skills.”
“Professional, clear understanding of issue and ability to provide solutions.”
“Professional, helpful and knowledgeable.”