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DLA Piper LLP (US)

Gregory Smith

Tel:
Work +12027994027
Email:
DLA Piper LLP (US)

Work Department

Finance

Position

Partner

Career

Greg Smith is the US co-chair for the projects and infrastructure group and the US chair of the agency finance group. He focuses on international financing transactions, particularly within emerging markets and developing nations. He represents lenders, host country governments, project sponsors and private equity funds in connection with the development and financing of projects in sectors such as energy, financial services, housing, manufacturing, microfinance, mining, petrochemicals, telecommunications and transportation.

Over the course of his career, Greg has advised clients on transactions across Africa, Central and South Asia, Latin America and the Middle East. He is especially well known as one of the leading lawyers for representing development finance institutions, export credit agencies and multilateral agencies in complex, cross-border project financings.

Education

J.D., Georgetown University Law Center

A.B., Georgetown University


Latin America: International firms

Banking and finance

Within: Banking and finance

DLA Piper LLP (US)’s industrious efforts to expand its footprint in Latin America and to develop its connections to key lenders in Washington DC, Miami and New York, is paying dividends. A new office in Puerto Rico has added to the firm’s financing credentials, including advisory matters in the fintech and blockchain sectors and in representing foreign funds on financings in Latin America. Many in the Puerto Rico office are New York qualified, such as José Alberto Sosa-Lloréns, and are able to advise on transactions under New York law at lower-cost rates. The team also works especially closely with the firm’s well-established Miami office. Clients of the Latin America practice include Stoneway Capital, BTG Pactual. Natixis, Bank of America-Merrill Lynch, Credit Suisse, COFIDE, Wells Fargo and Banco do Brasil. Recent matters saw the team advise US Ex-Im Bank and Central American Bank for Economic Integration (CABEI) on the financing of the Cerro De Hula wind project in Honduras, the largest wind farm in Central America. Miami finance partner John Murphy has a strong focus on Latin America while Gregory Smith has increased the firm’s profile with MLAs and DFIs that are engaged in Latin America financings. Former Miami partner Emil Infante left for Holland & Knight LLP, while New York partner William Candelaria arrived from Curtis, Mallet-Prevost, Colt & Mosle LLP and project finance of counsel Amala Nath joined the Washington DC office from Norton Rose Fulbright US LLP.

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Projects and energy

Within: Projects and energy

DLA Piper LLP (US) has steadily expanded its Latin America practice in recent years, giving it greater exposure to top-level projects and energy transactions. It now has a presence in multiple jurisdictions across the region, where its clients include Pemex, HSBC, IDB/IIC, Banco Santander (Mexico), OPIC and Stoneway Capital. It advised US EX-IM Bank and the Central American Bank for Economic Integration (CABEI) on the financing of the Cerro de Hula wind project in Honduras (the largest wind farm in Central America), and also represented Pemex on its $521m sale of its stake in gas distributor Ductos y Energeticos del Norte to IEnova. Washington DC partner Gregory Smith has strong connections to a number of prominent MLAs and DFIs; New York-based global co-chair of energy Robert Gruendel is also active in Latin America and ‘client-favouriteEduardo Gallástegui is the key name in Mexico City. The firm hired project finance of counsel Amala Nath, who is ‘high quality’ and ‘understands clients’ needs’, from Norton Rose Fulbright US LLP in January 2018; Nath has substantial experience in Latin America and frequently advises MLAs.

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United States: Finance

Project finance

Within: Project finance

At DLA Piper LLP (US), Washington DC-based Timothy Moran and Gregory Smith handle an even balance of lender and sponsor work across the Americas. Moran continued to be highly active for key client Exelon Generation, which he advised on a $650m financing for a portfolio of 31 operating solar and wind generation projects; he also acted for Hanwha General Chemical on a $110m construction loan financing of a solar project in Texas. Smith, who focuses on overseas energy projects, assisted the Overseas Private Investment Corporation (OPIC) with numerous matters, including the financing of a 50MW gas-fired power project in Guinea. In another piece of work, he acted for Export-Import Bank of the United States and the Central American Bank for Economic Integration on their financing of the Cerro de Hula wind project in Honduras. The practice is led from New York by global co-chair Joseph Tato.

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United States: Industry focus

Energy transactions: conventional power

Within: Energy transactions: conventional power

At DLA Piper LLP (US), New York-based global energy head Joseph Tato and Washington DC-based Gregory Smith focus on international work; Smith is advising OPIC and CDC Investment Works on the financing for a 50MW gas-fired power project in Guinea. In the domestic market, Washington DC-based Timothy Moran assisted Exelon Generation with the restructuring of its power projects in Texas.

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Energy: renewable/alternative

Within: Energy: renewable/alternative

DLA Piper LLP (US) specializes in lender-side project finance with Washington DC-based Gregory Smith highly active on cross-border mandates, and Timothy Moran (also in Washington DC) focusing on the domestic market. In one example of work Smith acted for key client the Overseas Private Investment Corporation (OPIC) on the financing of a 500MW wind farm in central Ukraine. New York-based Joseph Tato heads the practice.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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