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Hunton Andrews Kurth LLP

1350 I STREET, N.W., SUITE 1100, WASHINGTON DC 20005, USA
Tel:
Work +1 202 662 2700
Fax:
Fax +1 202 662 2739
Email:
Web:
www.andrewskurth.com
Atlanta, Austin, Austin, Bangkok, Beijing, Beijing and 26 more

Vera Rechsteiner

Tel:
Work +1.202.662.2758
Email:
Hunton Andrews Kurth LLP

Work Department

Finance, Corporate/Securities, Latin America

Position

Partner

Career

Vera's practice concentrates on the development, financing, acquisition and disposition of energy, oil and gas, and infrastructure facilities and tax structuring for energy acquisitions and international project development. She has worked on energy, infrastructure and related projects in the U.S. and throughout Latin America, Africa and Asia. She has also advised commercial and multilateral lenders on a variety of structured and corporate finance transactions.

Her work in the area of international energy transactions has included advising U.S. energy companies in connection with mergers and acquisitions, cross-border acquisitions, joint venture tax-planning, equipment sale and leasing transactions, and the development and financing of energy projects and acquisitions. In addition, Vera has assisted governments in a number of Latin American countries with the privatization of their energy industries and the restructuring of their energy regulatory frameworks. She has also advised clients, including state owned Chinese companies in the acquisition of upstream oil and gas assets throughout Latin America and Africa.  

Vera has also represented private developers, manufacturers and suppliers in a variety of international commercial transactions, including acting as counsel in connection with major hotel acquisitions and management agreements in the Caribbean, and representing suppliers in the establishment of distribution and licensing arrangements under foreign investment laws in various Latin American countries.

Languages

  • English
  • Spanish
  • German
  • French

Member

  • District of Columbia Bar Association
  • Maryland State Bar Association
  • Inter/American Bar Association
  • American Bar Association
  • American Society for International Law

Education

  • JD, 1985, The George Washington University Law School
  • BSFS, 1979, Georgetown University - School of Foreign Service


Latin America: International firms

Banking and finance

Within: Banking and finance

Hunton Andrews Kurth LLP, the result of an April 2018 merger between Hunton & Williams and Andrews Kurth Kenyon, is both a global giant in energy and a major player in Latin America. Both legacy firms had an established Latin America practice, including significant finance expertise. The consolidated firm has an impressive mix of project and infrastructure finance work and is experiencing growth in portfolio financing models and in mortgage-backed securitisation. The firm is widely recognised for its agency connections including a longstanding relationship with IDB and the legacy Hunton team has brought established relationships with a range of international lenders, Latin American banks and various multilateral agency lenders, including IDB. The practice also works with a range of commercial lenders, including Latin American financial institutions. Oil and gas and power remain the core focus areas, currently, although port financings is another growth area for the firm. Argentina, Chile, Colombia, Central America and Mexico are all key for the practice, while Brazil remains a primary focus despite the negative impact of recent political and economic factors. Clients note that the ‘quality of service is excellent’ and ‘the firm is very efficient in terms of value for money’. Key team members include Washington DC’s Vera Rechsteiner, who has ‘outstanding expertise’ in power financings; clients highlight her ‘team management’ abilities and experience in financing and construction agreements. Houston partner and Mexican-native Doris Rodríguez works with a number of banks and agencies in the oil and gas field; New York partner George Pavlenishvili has a fine record in renewables financing in Latin America; and Washington DC associate Siddharth Sethy is a ‘highly skilled negotiator with unique financing knowledge’. Legacy Hunton & Williams partners include Fernando Margarit, a leader in telecoms infrastructure and submarine-cable-systems financings; and Uriel Mendieta, an experienced practitioner in asset-backed and receivables financings, and acquisition finance.

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Projects and energy

Within: Projects and energy

Hunton Andrews Kurth LLP has a traditional mix of power and oil and gas projects, while growing its infrastructure practice with a number of port-related engagements. On the energy side, the firm has gained most traction in renewables, but it has seen steady growth in gas-fired and LNG projects. The firm has renowned connections to major agency lenders, such as IDB, as well as a range of commercial lenders and sponsors. Historically, the firm has impressed most in Mexico and Central America but more recently it has grown its presence in Argentina, Chile and Colombia. Other clients include Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), Wartsila, Energia del Pacifico and Energía del Caribe. Recent mandates include advising Energía del Caribe on the EPC contracts, transportation agreements, interconnect agreements, and gas purchase agreements related to the development of a natural gas power plant in Mexico. Washington DC-based Vera Rechsteiner is a leader in renewable energy projects in Latin America, while Houston-based Mexico native Doris Rodríguez is noted for oil and gas projects and advising agency and commercial lenders, corporate sponsors and high net-worth family businesses. Also in Houston, Mark Thurber advises a number of sponsors and investors looking to acquire operating assets, and New York partner George Pavlenishvili is experienced in renewables financings across Latin America. Miami partner Fernando Margarit, part of the legacy Hunton & Williams team, has a fine record in telecoms infrastructure projects, especially submarine cable systems.

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United States: Finance

Project finance

Within: Project finance

Hunton Andrews Kurth LLP is the result of a merger between Hunton & Williams LLP and Andrews Kurth Kenyon LLP. The former Hunton & Williams LLP team ‘has an in-depth understanding of market standards and market precedents’ and advises on a range of tax equity investments and lending agreements and the legacy Andrews Kurth Kenyon LLP practice regularly acts for sponsors and tax equity investors involved in the renewable energy sector. New York-based Jo Anne Sirgado and Douglas Murphy advised Bank of America Merrill Lynch on the $200m expansion of a lending debt credit facility for Hannon Armstrong Sustainable Infrastructure Capital to be used for the financing of renewables projects. Vera Rechsteiner was highly active in Latin America for clients such as Corporación Interamericana para el Financiamiento de Infraestructura and Inter-American Investment Corporation; she assisted the latter with the $78m financing of a hydroelectric power plant in Ecuador. The practice also impresses in the P3 space, with Richmond-based John O’Neill assisting the Virginia Department of Transportation with its procurement of the $2.1bn Transform I-66 project. On the sponsor side, the ‘detailed and thoughtful’ Jeffrey Schroeder and John Tormey were active for clients such as DTE Energy Services on the financing of conventional power projects. Austin-based Lisa Montgomery Shelton, Houston-based Timothy Unger, solar specialist Eric Pogue and David Lowman are also noted. All named partners are based in Washington DC save where stated otherwise. Stephanie Kroger, formerly with Andrews Kurth Kenyon LLP, joined Eversheds Sutherland in 2018.

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United States: Industry focus

Energy transactions: conventional power

Within: Energy transactions: conventional power

At Hunton Andrews Kurth LLP, Houston-based Mark Thurber was highly active in the development, financing and sale of power projects, both in the US and in Latin America; Thurber acted for Energia del Caribe on the development of a natural gas power plant in Mexico, and also assisted Emberclear with the sale of a 110MW development-stage gas-fired power plant in Pennsylvania. Houston-based practice head Timothy Unger and Washington DC-based Vera Rechsteiner are additional contacts.

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