Ashurst has lured counsel Waltter Kulvik from Sidley Austin as a corporate partner in Singapore.

Kulvik specialises in advising private equity firms, funds and investment banks on cross-border transactions in the infrastructure, power and real estate sectors. In 2017, he was part of the team that represented a BlackRock-advised fund on a $1.5bn sale of an office tower in Singapore's financial district to local real-estate investment trust CapitaLand Commercial Trust.

In 2016, Kulvik was part of the team that advised Aboitiz Power, one of the Philippines' biggest power producers, on its acquisition and the financing of a $1.2bn stake in two local coal-fired power plants from The Blackstone Group.