Allen & Overy
The Firm. The Deal.
Allen & Overy used Legatics to manage the financing of the Jawa-1 project in Indonesia.
This was Asia’s first LNG-to-power project, 2019 IFLR Asia-Pacific Project Finance Deal of the Year, and one of the largest technology-assisted completions in Asia.
Allen & Overy were commended for their use of Legatics in the 2019 Financial Times Innovative Lawyers Awards - Asia-Pacific.
Through the use of Legatics, Allen & Overy automated the creation of digital, collaborative condition precedent (“CP”) checklists from schedules of key transaction documents.
The online checklists were used to manage the completion of the CP process: each time a CP document was uploaded to these checklists, they automatically updated and the relevant transaction parties were notified about their required actions and able to carry out those actions through the platform.
Through the Legatics online dashboard, Allen & Overy clients and transaction parties received live visibility of the progress of the different CP checklists and each party’s outstanding responsibilities.
681 conditions precedent
249 transaction participants
$1.8bn estimated value
Estimated 6 month closing process completed in 3 months
Thanks to increased transparency and automatic notifications
Over 50% reduction in all parties calls
Lawyer time reduced by 20%, a six-figure cost saving