Ashurst advised on the asset disposals of global IT service provider ITCS to Smart IMS Inc

Global law firm Ashurst advised on the disposal of ITCS Group's business to Smart IMS Inc., a provider in Managed Services and Unified Communications, in providing infrastructure management, virtualisation, digital transformation services and IT-managed services to its large client base in the Asia Pacific region based out of Singapore, Hong Kong, Japan and Australia. 

Ashurst's corporate transactions team in Singapore worked closely with the restructuring and dispute resolution practices across Singapore, Hong Kong, Japan and Australia to provide strategic advice to its client.

Ashurst ADTLaw's Head of M&A for Southeast Asia Tao Koon Chiam commented, "We are very proud to have been able to support on this transaction and to have achieved a positive outcome for all parties involved."

The transaction was led by Ashurst ADTLaw director Tao Koon Chiam, supported by George Kho and Christine Chang. Singapore based partner Rob Child and lawyer Karan Puri advised on the restructuring aspect; Hong Kong based partners Cliff Chow, James Comber, and lawyers Benjamin Ng and Vanessa Hung provided counsel on the dispute resolution aspects of this matter.