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Norton Rose Fulbright

38/F JARDINE HOUSE, 1 CONNAUGHT PLACE, CENTRAL, HONG KONG
Tel:
Work +852 3405 2300
Email:
Web:
www.nortonrosefulbright.com

Peter Haslam

Tel:
Work +852 3405 2308
Email:
Norton Rose Fulbright

Work Department

Banking and finance

Career

www.nortonrosefulbright.com/hk/people/3514


China: Banking and finance

Foreign firms

Within: Foreign firms

Norton Rose Fulbright is strong in asset finance (particularly shipping), acquisition finance, project finance, export credit finance, structured trade and commodity finance, and general bilateral and syndicated lending; and the practice has sector strengths in energy and resources, infrastructure, mining and commodities, transport, and financial institutions. It acted for China Development Bank in its largest US-dollar loan in recent years, which was granted to a US subsidiary of Qingdao Haier (QH) to support QH’s acquisition of General Electric’s appliance business. China banking and finance head Fei Kwok, who divides time between Shanghai and Beijing, advises on inbound and outbound project financings, regarding oil and gas, renewable energy and petrochemicals, as well as the asset financing of ships, aircraft, rail and large equipment. Beijing-based Paul Wee Ei Don is a project finance lawyer, who works predominantly on outbound project and export credit financings, with a particular focus on the mining and metals, oil and gas, power and infrastructure sectors; and Tom Luckock advises Chinese sponsors on international energy and infrastructure projects, and has particular knowledge of power projects in Pakistan. Shanghai-based Simon Barrell is a key senior associate and Peter Haslam is head of the Hong Kong banking and finance team.

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China: Projects and energy

Foreign firms

Within: Foreign firms

Norton Rose Fulbright acts for sponsors and lenders in project finance matters; highlights included acting for the Ministry of Finance of the Republic of Angola in several Chinese bank financings, including a high-value Sinosure-backed financing for the construction of the largest power project in Angolan history; it also advised a consortium on the bid, development, construction and financing of a coal-fired project in Pakistan. Tom Luckock specialises in both inbound and outbound projects in the power, infrastructure and water sectors; Barbara Li acts for Chinese and international sponsors in the corporate and construction aspects of power and oil and gas matters; Beijing office head Wang Yi advises Chinese sponsors on natural resources project acquisitions; and project finance specialist Paul Wee Ei Don has a particular focus on the mining and metals, oil and gas, power, and infrastructure sectors. Other recommended advisers include Fei Kwok, and Peter Haslam, who heads the Hong Kong banking and finance team.

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Hong Kong

Banking and finance

Within: Banking and finance

Norton Rose Fulbright’s footprint in Greater China, which is complemented by its international reach, enables it to cover a full spectrum of onshore and offshore financing transactions for Chinese and multinational corporates, as well as Chinese and international banks. Peter Haslam heads up the Hong Kong team, which includes David Milligan, who made partner in May 2017, and Jonathan Silver. A recent highlight involved advising a club of five international lenders on the provision of a $551m syndicated revolving loan convertible to term loan to Castle Peak Power Company. In 2016, Haslam and Milligan acted for a club of nine international and Asian banks in the provision of a $400m syndicated term loan to Hong Kong-listed PRC property developer Yuzhou Properties Company. Clients of the practice include Bank of China, China Construction Bank, ING Bank and Hang Seng Bank. Although Davide Barzilai relocated to the London office, he regularly travels back to Hong Kong, and spends a significant portion of time serving PRC and Hong Kong clients.

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Projects and energy

Within: Projects and energy

Norton Rose Fulbright continues to be a force in project finance with a ‘very knowledgeable’ and ‘commercial’ team that is commended by clients for its negotiating capabilities and ‘bringing transactions to a successful close’. Energy and natural resources along with projects and infrastructure are strengths of the firm globally. The Hong Kong team also benefits from the firm’s substantial presence in mainland China. Clients include China Development Bank, China International Water & Electric Corporation, Huadian Fuxin, ICBC and Shandong Electric Power Construction Corporation III. The firm recently advised lenders led by Standard Chartered on a HK$4.3bn syndicated revolving loan convertible to term loan to Castle Peak Power Company, which owns the Castle Peal Power Station and Black Point Power Station in Hong Kong. Banking and finance head Peter Haslam is ‘extremely responsive’, ‘knowledgeable’, ‘professional’ and ‘approachable’.

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Restructuring and insolvency

Within: Restructuring and insolvency

Resourcing restructuring and insolvency work from the office’s litigation and banking teams, Norton Rose Fulbright lacks the standalone capability of many firms in the ranking but it still picks up a significant amount of work, particularly where there is a cross-border angle, by virtue of the team’s ability to work with practitioners across its vast network of global offices. ‘Tenacious and committed’ head of litigation Camille Jojo handles contentious insolvency matters, while ‘knowledgeable’ head of banking Peter Haslam has expertise on the non-contentious restructuring front.

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