Chik, Esther

Esther Chik

Partner
Wong & Partners

Biography

Esther Chik is a partner in the Finance & Projects Practice Group of Wong & Partners and is currently under secondment in Baker McKenzie's Hong Kong office. She has been practicing law for more than 13 years. Prior to joining the Firm in 2010, she practiced in a number of law firms and had served as a foreign counsel in a Singaporean law firm.

Practice Focus

Esther has represented financial institutions and corporate borrowers in various conventional and Islamic banking and finance transactions, both domestic and cross-border. She has also been involved in debt capital markets transactions in conventional and Islamic structures, and provided a wide range of legal support in project financing and acquisition finance.

Representative Legal Matters

  • Advised Sime Darby Berhad in relation to a proposed subordinated Sukuk programme of up to MYR3 billion in nominal value under the Shariah principles of Wakalah. It was the largest non-bank perpetual sukuk issuance in the world.
  • Advised Maybank Investment Bank Berhad in relation to the unrated sukuk programme of up to MYR750 million in nominal value under the Shariah principles of Murabahah. The deal was established and undertaken by the property development arm of one of Malaysia's biggest conglomerates.
  • Advised Bank Islam Malaysia Berhad in relation to the issuance of a 10-year sukuk murabahah programme of up to MYR1.7 billion by BIMB Holdings Berhad (issuer) to part-finance the acquisition of the controlling stake of Bank Islam Malaysia Berhad from Dubai Financial Group LLC and Lembaga Tabung Haji. The deal, valued at approximately USD1.9 billion (MYR6.3 billion), was named the Equity Deal of the Year in 2013 by Islamic Finance News, and the Equity Market Deal of the Year by the 2014 Asian Legal Business Malaysia Law Awards.
  • Advised The Royal Bank of Scotland Berhad and HSBC Amanah Malaysia Berhad in relation to the sukuk programme of up to MYR1.5 billion under the Shariah principles of Murabahah established and undertaken by Development Bank of Kazakhstan.
  • Acted as deal counsel for CIMB Bank Berhad, Maybank Kim Eng Securities Pte Ltd, Standard Chartered Bank, and Standard Chartered Saadiq Berhad, on the GBP1.35 billion financing of the Battersea Power Station, one of the largest real estate financings in the UK in recent years.
  • Advised one of the world’s largest palm oil producers in relation to a syndicated financing facility of up to USD830 million which includes term and revolving credit facilities granted by Mizuho Bank, OCBC Bank, Bank of Tokyo-Mitsubishi and HSBC Bank Malaysia Berhad to the borrower, for the acquisition of New Britain Palm Oil Limited.
  • Represented Malayan Banking Berhad and CIMB Bank Berhad on banking facilities granted to a British Virgin Islands company to part-finance the acquisition of an English retailing business group which owns a reputable toiletries brand. This is one of the very first transactions in Malaysia involving the securitisation of intellectual property portfolio.
  • Represented Alliance Investment Bank Berhad and Maybank Investment Bank Berhad to part-finance the completion of a 120,000-ton capacity aluminium smelting plant in Sarawak.

Professional Associations and Memberships

  • Malaysian Bar

Admissions

  • Malaysia (2002)

Education

  • Staffordshire University (LL.B. (Hons)) (2000)

Languages

  • Chinese
  • English
  • Malay

Previous Offices

  • Hong Kong