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In conversation with Luky I Walalangi – One of ALB s Top 15 M&A Lawyers in Asia [Brought to you by  Walalangi & Partners]

Can you tell us about some of your notable work in the past year? Counsel to Mitbana Pte Ltd, a joint venture company of Mitsubishi Corporation (MC) and Surbana Jurong (SJ), in the biggest and first-of-its-kind integrated smart and sustainable Transit-Oriented Developments (TODs) in BSD City, where the Project transform hundreds of hectares of greenfield land into TODs, including railways and public transport nodes, which expand BSD’s population of 200,000 residents. Counsel to Tokyo Gas Asia Pte. Ltd in the acquisition of PT Super Energy Tbk (SE), a publicly listed Indonesian company, PT Energy Mina Abadi and PT Gasuma Federal Indonesia and PT Bahtera Abadi Gas. SE Group’s plans to pursue reductions of CO2 emissions in the country are consistent with Tokyo Gas Group’s management strong vision of “Compass 2030”, which envisages the expansion and diversifi-cation of its global businesses and the realization of a net zero CO2 emission society.

The Failed Logic of Planning in Los Angeles: Full Speed Into the Rocks

PLANNING WATCH:  The many shortcomings of City government in Los Angeles include the inability of City Hall officials to make their cover stories for top-down gentrification programs stick.  Despite their congratulatory back-patting about 150,000 new housing units, most of them expensive apartments near express bus lines and subway stations population, employment, homelessness, transit ridership, and climate change trends are all moving in the wrong direction.     There have been a few winners, however.  Property owners and developers have hit pay dirt through induced gentrification.  They have built these luxury apartments or flipped their recently up-zoned and therefore, more valuable parcels.  Nevertheless, the jerry-rigged numbers that City Hall uses to justify its top-down housing programs do not add up. 

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