Clifford Chance has advised the Republic of Indonesia on the offering of $1.25 billion of “green” sukuk, or sharia-compliant investments in renewable energy and other environmental assets. Indonesia is the first Asian sovereign to issue the same.

U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle has represented the Republic of Indonesia in an International Centre for Settlement of Investment Disputes (ICSID) hearing against Churchill Mining, where the tribunal rejected Churchill’s claim and instead ordered the company to pay $9.4 million.