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DLA Piper Scotland LLP

RUTLAND SQUARE, EDINBURGH, EH1 2AA, SCOTLAND
Tel:
Work 02073 490 296
Fax:
Fax 0131 242 5555
DX:
ED271 EDINBURGH
Email:
Web:
www.dlapiper.com

Stuart McMillan

Tel:
Work 0131 345 5197
Email:
DLA Piper LLP (US)

Work Department

Finance and projects.

Position

Stuart is an experienced banking lawyer and has specialised in this area since qualifying in 2001. Stuart advises a wide range of banks and borrowers in project finance (including PFI/PPP and renewables), acquisition finance and real estate finance deals, frequently involving cross-border financing. Stuart is qualified in both Scotland and in England and Wales.

Career

Trained Shepherd & Wedderburn; qualified 2001; Shepherd & Wedderburn 1999-2006; DLA Piper 2006 to date; partner 2009 to date.

Member

The Law Society of Scotland; The Law Society (England and Wales).

Education

Currie High School; Edinburgh University (1998 LLB (Hons); 1999 Diploma of Legal Practice).

Leisure

Cycling, reading.


Scotland: Finance

Banking and finance

Within: Banking and finance

DLA Piper Scotland LLP has a stand out project finance capability, and it is particularly active in the infrastructure and renewable energy sectors, where it undertakes transactions on a Scotland and wider UK basis. In 2017, Stuart McMillan, legal director +[Michael Urquhart] and senior associate +[Christine White] advised Equitix on the refinancing of multiple solar park acquisitions in the UK; this involved project financings under a hybrid scheme combining institutional and bank debt. David Morton has experience of acquisition and leveraged finance, corporate lending and real estate finance. A recent highlight involved Morton and senior associate William Reid acting for Clydesdale Bank in the provision of financing to Laing Glasgow (Holdings Limited) to enable it to acquire competitor business Laing The Jeweller Limited. Morton and Reid also assisted City & Country Edinburgh Limited with obtaining the financing for the redevelopment of Donaldsons School in Edinburgh into luxury residential accommodation. Ares Management, Barclays Bank, Galliford Try and Svenska Handelsbanken are other notable clients.

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Scotland: Projects, energy and natural resources

Energy (excluding oil and gas)

Within: Energy (excluding oil and gas)

DLA Piper has the breadth of expertise in Scotland (and, where appropriate, the wider global network) to advise clients on the most complex aspects of anaerobic digestion plants, wind energy, ESCO arrangements and photovoltaic projects. Stuart McMillan leads the team, which has a particularly strong project finance offering, and whose work has previously included advising funders, such as Barclays Bank and The Bank of Tokyo-Mitsubishi, and borrowers on UK renewables projects. Like McMillan, legal director Michael Urquhart has a wealth of project finance experience. Elsewhere, Sandy Telfer and legal director Michael Greig are recommended for their planning law knowledge, while construction expert Jonathan Gaskell is another key figure. As part of an international firm, the Scottish team's work extends beyond Scotland, and includes projects with a cross-border flavour.

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Projects

Within: Projects

DLA Piper has an excellent reputation in energy and infrastructure projects in the UK and Ireland, and further afield, where it advises sponsors, funders and public sector organisations. Lillian Mackenzie, who has a wealth of experience in PFI/PPP (including NPD) projects in Scotland, has been increasingly active in matters outside of Scotland; she is the lead adviser to Velindre NHS Trust on a DBFM project for a new cancer centre in South East Wales; this is a pathfinder project under the Welsh government's Mutual Investment Model programme. Mackenzie is also leading the advice to the Welsh government on the development of its standard form suite of documents for the programme. Another key figure who is at the forefront of the Scottish and international projects practice is Sharon Fitzgerald, who recently advised the Zimbabwean Ministry of Finance and associated Joint Venture Unit on the development of new PPP regulations. Fitzgerald is currently assisting the Government of the Islamic Republic of Afghanistan with various matters, including framework agreements for irrigation and hydropower projects. Stuart McMillan advises banks and borrowers on project finance transactions relating to PFI/PPP and renewable energy.

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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.

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