Projects and energy: foreign firms in China

Allen & Overy LLP

With more than 20 lawyers spread across Greater China dedicated to work in the energy and natural resources sector, Allen & Overy LLP has the strength-in-depth to provide ‘high-quality‘ advice across a range of inbound and outbound mandates. Leveraging the firm’s core strengths in finance and M&A, in particular, the team is regularly engaged in big-ticket transactions for an impressive roster of Chinese state-owned energy companies, investors and banks, including China Development Bank, China National Petroleum Corporation and China Southern Power Grid. The firm’s extensive network of international offices, many of which have bespoke Chinese desks associated with them, is also a huge benefit on cross-border mandates, including in relation to projects involving a Chinese export credit agency (ECA)-backed component. Combining considerable local market knowledge and an overarching familiarity of international finance structures, Beijing-based partner Yvonne Ho excels in advising sponsors and lenders on outbound mandates, often in “Belt and Road” countries. Beijing-based corporate partner Ling Li co-heads the team alongside Ho and has a particular focus on advising Chinese energy and natural resources companies on their outbound expansion and strategic investment. Other recommended practitioners include Shanghai-based partner Matthew Bisley, who regularly handles work for ECAs, as part of his projects and infrastructure finance offering, and Beijing-based Benjamin Crawford, who continues to develop a strong reputation advising on corporate-related outbound energy mandates for Chinese clients.

Practice head(s):

Yvonne Ho; Ling Li

 

Testimonials

The responsive team has rich experience and produces a high-quality of work.’

Yvonne Ho and Dian Wang respond fast‘.

 

Key clients

Asian Development Bank

China Datang Overseas

China Development Bank

China Southern Power Grid

China Machinery Engineering Corporation

China National Petroleum Corporation

China Three Gorges International Corporation

Power Construction Corporation of China

State Grid Corporation of China

Standard Chartered Bank

Industrial and Commercial Bank of China

China Harbour Engineering Company

Crédit Agricole

Work highlights

  • Advised China National Machinery Import and Export on the financing of 2 x 49.28MW CSP solar project in Hungary.
  • Advised China Datang Overseas Investment Co. on its acquisition of a majority stake in PT DSSP Power Mas Utama, the majority owner of three independent coal power projects in Indonesia with a combined capacity of 600 MW.
  • Advised State Grid International Development Co. on its acquisition of a 49% stake in Oman Electricity Transmission Company from Nama Holding.

Clifford Chance LLP

With a sizeable presence on the ground in mainland China and Hong Kong, and also able to leverage its vast international resources, Clifford Chance LLP is well-positioned to advise international, local and regional stakeholders on both inbound and outbound infrastructure and energy projects. Led by Jiahua Ni, the multi-disciplinary team has particular strength advising on project finance mandates, both from a commercial bank and ECA perspective, as well as on strategic JVs and M&A transactions. Ni excels in advising on PRC-related cross-border financings across a range of conventional power, renewables and infrastructure projects and is able to add particular value to clients requiring US financing, by virtue of his New York law qualifications. Shanghai-based partner Kelly Gregory is particularly adept at advising multinational and Chinese entities on corporate transations within the oil and gas, renewables and power sectors and is a key member of the team that also includes Terence Foo, whose transactional work in the energy and natural resources space includes outbound work for Chinese sovereign wealth funds and financial investors.

Practice head(s):

Jiahua Ni

Other key lawyers:

Kelly Gregory; Terence Foo; Tim Wang

Key clients

Bank of China

Cca Civil Colombia S.A.S.

China Harbour Engineering Company Ltd

China Construction Bank

Kai Tak Sports Park Limited

China Development Bank

Industrial and Commercial Bank of China

The Export-Import Bank of China

China Oil & Gas Pipeline Network Corporation

JCHX Mining Management Co., Ltd.

Wanbao Mining

State Grid

China Southern Grid

China Three Gorges Corporation

CITIC Resources Holdings Limited

Saudi Basic Industries Corporation

EDF

Total Eren

Work highlights

  • Acted for PipeChina as its offshore legal advisor to provide Hong Kong and US legal advice pursuant to its acquisition of pipeline-related assets from PetroChina and Sinopec.
  • Advised a Chinese state-owned investment fund on its approximately $360m co-investment with China Yangtze Power International (Hong Kong) Co., Limited (CYPI) for the acquisition of Luz del Sur S.A.A.
  • Advised Bank of China as the mandated lead arranger on the approx. $2.4bn refinancing to the Third Bosphorus Bridge and the Odayeri-Paşaköy Section of the Northern Marmara Motorway Project in Turkey.

Herbert Smith Freehills LLP

Acting on its own, as well as often in collaboration with practitioners spread across its international network of offices, Herbert Smith Freehills LLP‘s multi-disciplinary Greater China offering is a popular choice for advising international and local stakeholders on inbound and outbound transactions, throughout the energy value chain. As a core area of focus for the firm as a whole, a significant number of lawyers across the firm’s full-service offering have deep industry knowledge including on conventional power and renewables mandates, enabling it to effectively provide a one-stop-shop service to investors, sponsors, contractors and lenders across the gamut of non-contentious and contentious mandates. Beijing-based corporate partner Monica Sun heads up the China energy practice and is regularly entrusted by local and multinational stakeholders to advise on high-profile cross-border energy mandates, including outbound transactions for Chinese clients on investments and projects in Belt & Road investment countries. Calvin Ho is also a key member of the team and is recognised, alongside Sun, as being ‘especially familiar with the characteristics of the oil and gas industry’, including as it relates to a raft of significant outbound LNG projects. Dual UK and China-qualified partner Ellen Zhang spearheads the non-contentious infrastructure practice in China and has excellent credibility among Chinese sponsors and financiers on their outbound transactions. Senior associate James Zhang is also well-versed in handling corporate-related energy and infrastructure projects for Chinese stakeholders across Africa, the Middle East, and Southeast Asia.

Other key lawyers:

Jie Li; James Zhang

Testimonials

Monica Sun and Calvin Ho are excellent lawyers in the transaction field, with rich experience, especially familiar with the characteristics of the oil and gas industry, and can propose effective legal solutions based on business needs.’

Hilary Liu and Calvin Ho are solutions-oriented.’

Key clients

Petrofac

CRCC-CRRC Consortium

China Development Bank (CDB)

The Export-Import Bank of China (CEXIM)

China Road and Bridge Corporation (CRBC)

Norinco International Corporation Ltd.

China Harbour Engineering Company Ltd. (CHEC)

SPIC Aluminium & Power Investment Co., Ltd

China General Nuclear Power Group (CGN)

BP

Sinopec

Work highlights

  • Advised CRBC in relation to the Rashakai Special Economic Zone PPP in Pakistan and its acquisition of 67% stake in the Spanish Company Puentes y Calzadas Grupo de Empresas.
  • Advised The Export-Import Bank of China on its loan arrangement with Hungarian Government in relation to the upgrade of the Belgrade-Budapest railway link.
  • Advised Sinopec on its most important investments and its long term LNG procurement tender.

Linklaters

Benefiting from a compelling mix of senior international experience and local expertise, Linklaters is able to seamlessly execute regional and intra-Asia deals acting on its own, as well as in co-operation with practitioners based out of the firm’s international network of offices. Although it is picking up more sponsor work, the firm’s China facing practice remains best-known for its project finance capability acting for local and international banks, as well as ECAs. Beijing-based team head Xiaohui Ji has ‘considerable legal expertise and insight’ in the fossil fuel space, as well as more recently in the renewables sector, as evidenced by her work for China Development Bank on the project financing of the Pattan 700.7MW hydropower station in Pakistan. Key support is provided by counsel Jianbin Wang, whose practice includes advice to borrowers and lenders across a range of power, mining and infrastructure-related project financing mandates, including those made under the Belt & Road initiative.

Practice head(s):

Xiaohui Ji

Other key lawyers:

Jianbin Wang

Testimonials

Xiaohui Ji has considerable legal expertise and insight, can accurately understand the needs of clients, and provides constructive, professional solutions.’

Key clients

China Development Bank

The Export-Import Bank of China

Bank of China

Industrial and Commercial Bank of China

China Construction Bank

Sinosure

Agricultural Bank of China

Bank of Communications

China Light and Power

China Southern Grid

State Grid Corporation of China

China Machinery Engineering Corporation

Goldwinds

Hong Kong Electric

Huadian

KEPCO (and its subsidiaries)

KOMIPO

wpd

Sinochem

Sinopec

BP

CNOOC

Dow Chemical

ENI

KNOC

KOGAS

Kufpec

PETRONAS

PTT E&P

POSCO

Rosneft

Sakhalin Energy

Samsung Group

Total

BAML

BNP Paribas

Citigroup

Credit Suisse

Deutsche Bank

HSBC

ING Bank

JP Morgan

Morgan Stanley

Royal Bank Scotland

Societe Generale

Standard Chartered

UBS

China Coal Technology & Engineering Group

Jingye Group

China MinMetals / MMG

Shandong Iron & Steel

GDF Suez

Glencore

Noble Group

Rio Tinto

WISCO

Infrastructure

China Harbour

China Machinery Engineering Corp.

DP World

Hutchison

International Container Terminal Services Inc.

Jardine Matheson

Macquarie Infra

China Eximbank

Sinosure

Atradius

Bpifrance

EDC

EKF

KEXIM

Ksure

Hermes

JBIC

NEXI

UKEF

Work highlights

  • Advising CDB and other Asia and European ECAs and commercial banks on the Arctic 2 LNG in Russia.
  • Advising CDB and senior lenders on the project financing of the Pattan 700.7MW hydropower station in Pakistan developed by Gezhouba and Laraib Group.
  • Advising a syndicate of Chinese and Pakistani banks led by China Development Bank on the financing of the Thalnova 330MW Coal-fired Power Project, part of Thar Block II, Sindh Province, Pakistan.

Ashurst

Led by banking partner Chin Chuan Chen, who splits his time between Beijing and Singapore, Ashurst’s Asia project finance offering excels in advising Chinese and international sponsors, commercial banks and ECAs on multijurisdictional infrastructure and energy projects. The team has ‘rich experience advising on complex finance structures’, including large syndicated facilities and mandates involving multi-sourced financings. Based out of Beijing, ‘very enthusiastic’ counsel Emma Zhang is noted for her aptitude at handling complex cross-border project financing transactions, including high-speed railway, power, and metal smelting projects in Asia. Beijing-based counsel Zhibin Fan is recognised for his ‘conscientious and proactive’ approach to lenders on the financing of a range of projects, including coal-fired and hydropower plants in Asia and Africa.

Practice head(s):

Chin Chuan Chen

 

Other key lawyers:

Emma Zhang; Zhibin Fan

Testimonials

The team has rich experience advising on complex finance structures.’

Emma Zhang is very enthusiastic in the work she undertakes for her clients.’

Zhibin Fan is conscientious and proactive.’

Key clients

China Development Bank

Bank of China

Industrial and Commercial Bank of China

China Construction Bank

Export-Import Bank of China

Deutsche Bank

China Export & Credit Insurance Corporation

Agricultural Bank of China

China Minsheng Bank

Shanghai Rural Commercial Bank

Bank of China (Hong Kong) Limited Jakarta Branch

Work highlights

  • Advised the lending syndicate, arranged by China Development Bank and Bangkok Bank Public Company Limited on the $250m+  dual-currency facilities to Thai Pipeline Network Company for the construction of the extension of the existing petroleum pipeline system to the northeastern region of Thailand.
  • Advised China Development Bank Corporation and Bank of China on post-completion matters of a series of central Asia-China natural gas pipeline projects.  
  • Advised a syndicate of lenders on a $4bn-plus term loan facility for the Republic of Angola, to finance the construction of the Caculo Cabaca hydroelectric power project with an installed capacity of more than 2,100MW.

Baker McKenzie FenXun

Baker McKenzie FenXun‘s team comprises well-regarded transactional lawyers, who are experienced in development, joint ventures, M&A and finance-related energy and infrastructure projects work. Its finance capabilities in the sector were recently bolstered by the arrival, in August 2021, of New York and UK-qualified special counsel Li Zhang from Covington & Burling LLP. Zhang is based in Beijing and joins a strong team in mainland China that is led by Stanley Jia, who is noted for his representation of Chinese and foreign companies on inbound and outbound energy and infrastructure projects. Simon Leung is the main contact to note in Hong Kong.

Practice head(s):

Stanley Jia; Simon Leung (Hong Kong)

Other key lawyers:

Li Zhang

Mayer Brown

Led from Beijing by the ‘impressive’ Hallam Chow, Mayer Brown provides ‘efficient and effective‘ advice to lenders and equity investors in projects involving gas-fired, coal-fired, renewables, infrastructure and manufacturing facilities. Noted for his ‘solutions-oriented and creative approach’, Chow is particularly effective in advising on complex project finance mandates, often involving a diverse group of finance providers. Recent highlights include advising on outbound mandates across a spread of jurisdictions, including a considerable number of matters for Chinese commercial and development banks engaged in African projects. Boya Shen was promoted to partner in January 2021.

Practice head(s):

Hallam Chow

 

Other key lawyers:

Boya Shen

Testimonials

‘The team was very efficient and effective on the resolution of various new problems which we faced during negotiation.’

‘We are very impressed by Hallam Chow’s solutions-oriented and creative approach, deep sector knowledge, efficient team management, fairness and transparency.’

Milbank

Led from Beijing by Shepard Liu and closely integrated with lawyers based in Hong Kong, as well as throughout the firm’s broader network of international offices, Milbank provides a ‘professional and responsive’ service to a range of local and international stakeholders on China-facing cross-border mandates. Liu has ‘commercial knowledge of the industry’, ensuring that he is a popular choice for lenders, including ECAs, on cross-border project financing mandates relating to a broad swathe of conventional energy, renewables and infrastructure projects. Hong Kong-based counsel Desiree Woo has a particularly strong reputation advising Chinese entities on the development and financing of energy projects in Southeast Asia, including recent work on numerous coal-fired power plants in the Philippines.

Practice head(s):

Shepard Liu

Other key lawyers:

Desiree Woo; Jenny Zhang; Guannan Wang

Testimonials

The team provides a professional and responsive service.’

Shepard Liu has commercial knowledge of the industry.’

Shepard Liu is a great expert in global projects and project financing. He is also very familiar with the Chinese banks’ internal requirements and commercial needs. He has an amazing ability to solve difficult commercial and legal issues‘.

Key clients

The Export-Import Bank of China (CEXIM)

GNPower Ltd

China Development Bank

Industrial and Commercial Bank of China

Udenna Corporation

Citic Construction

AC Energy

Aboitiz Power

Power Partners

Shandong Electric Power 3 (SEPCOIII)

HTG Group

S. Alam Group

Jinko Power

BOC

TBEA

Work highlights

  • Advised the Export-Import Bank of China on the financing provided to the Ministry of Finance of the Republic of Guinea for the development of the 450MW Souapiti Hydropower Plant and the restructuring of the Kaleta Hydropower Plant, totalling $2.3bn.
  • Acting for two Chinese state-owned policy banks in a large-scale infrastructure project, in the complex project financing of the $4.74bn Quebrada Blanca (QB) 2 Copper Project in northern Chile.
  • Continuing to advise GNPower Kauswagan on the EPC and other project development matters linked to the construction and development of the $1.2bn GNPower Kauswagan project.

Norton Rose Fulbright

Led by fluent Mandarin speaking Beijing-based partner Tom Luckock , Norton Rose Fulbright‘s small team has strong ties with numerous Chinese and international financing entities, in particular, ensuring that it receives a steady pipeline of inbound and outbound energy and infrastructure-related work. Luckock’s versatility across financing, project development and corporate work allow the practice to provide a one-stop-shop service to stakeholders throughout the project lifecycle, with particular expertise on power, infrastructure and water, with a nexus to Southeast Asia.

Practice head(s):

Tom Luckock

Key clients

Asian Development Bank

SDIC Power

Work highlights

  • Advising a regional development bank on a wastewater-recycling project in Pakistan.
  • Advising a Japanese trading company on the establishment of a joint venture with a large state owned enterprise for the acquisition and development of water projects in China.
  • Advising a large state owned enterprise with both domestic and international presence in the power industry for a large scale investment in a hydro power project in Indonesia.

White & Case LLP

‘Experienced in working with both SOEs and international financial institutions’, White & Case LLP is particularly effective advising on inbound and outbound infastructure and energy mandates, from a project finance perspective. Beijing-based team head David Li is ‘excellent at converting business/commercial points into legal language’, and excels in advising on syndicated project financing transactions involving many different lending entities. As well as his aptitude in relation to commercial/investment bank financings, Li is also well-versed in advising on single and multi-sourced infrastructure and project development financings in jurisdictions throughout Asia Pacific and Africa.

Practice head(s):

David Li

Testimonials

The team is experienced in working with both SOEs and international financial institutions. The lawyers have a deep understanding of the energy industry and regional market.’

The team is able to provide effective legal opinions and easy to understand explanations.’

Information is very effectively shared between offices.’

‘David Li is excellent at converting business/commercial points into legal language. He can communicate well with all stakeholders and provide solutions when negotiations are tense.’

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

China Molybdenum (CMOC)

Asian Development Bank (ADB)

Sempra Energy

SIBUR Holding

International Finance Corporation (IFC)

United Energy Group

Work highlights

  • Advised the financiers on a landmark $20bn project financing of Mozambique’s first onshore LNG development, Mozambique LNG.
  • Advised SIBUR Holding, Russia’s leading petrochemicals company, on the disposal of a minority interest in Amur Gas Chemical Complex to China Petroleum & Chemical Corporation (Sinopec).
  • Advised Sempra Energy on the sale of its equity interests in its Chilean businesses to State Grid International Development Limited (SGID), and on the sale of its equity interests in its Peruvian businessesto China Yangtze Power International (Hong Kong) Co., Limited.

Baker Botts L.L.P.

Baker Botts L.L.P. handles a considerable amount of oil and gas-related work for Chinese and international energy companies from its Hong Kong office. Work in this sector spans the value chain and includes a number of high-value upstream and midstream mandates, including E&P developments, M&A and oil and gas supply arrangements. LNG-related work is a particular area of strength, an area that Hong Kong-based practitioners Russell Wilkinson and Neil Macdonald are particularly adept at. Jason Bennett heads the global projects group from Houston.

Practice head(s):

Jason Bennett  (Houston)

Other key lawyers:

Russell Wilkinson; Neil Macdonald

Dechert LLP

Led from Hong Kong by Xiao Yong and regularly aided by practitioners on the ground in Beijing, as well as across the firm’s wider international network, Dechert LLP  advises Chinese SOEs, funds and international companies on a range of multijurisdictional energy mandates. Corporate partner Yong has a particularly strong reputation advising on oil and gas-related matters, including a significant amount of work for state-owned Chinese company Sinopec. Drawing upon considerable experience gained in private practice, as well as in his former role at the Department of Foreign Investment Administration at the Ministry of Commerce, Beijing-based counsel Zhaohui Li has excellent credentials advising Chinese SOEs on their outbound energy and natural resources transactions.

Practice head(s):

Xiao Yong

Other key lawyers:

Zhaohui Li

Testimonials

Xiao Yong and Zhaohui Li provide a first-class service.’

Key clients

China Petroleum & Chemical Corporation (Sinopec)

Sinopec International Petroleum Exploration and Production Corporation (SIPC)

Norinco International

CNODC

Lone Star Fund

Work highlights

  • Advised Sinopec on the $11bn  development of a joint venture gas chemical complex in the Amur region of Russia, projected to be the world’s largest basic polymer production facility.
  • Advised Norinco International as international and Singapore counsel in a bundle of transactions and government affairs in connection with the development of a coal mining project in Mongolia.
  • Advised SIPC on its proposed divestment of significant oil assets in Argentina.

DLA Piper

Able to draw from ‘a diverse and experienced pool of talent’, both out of Greater China and across its international network, DLA Piper provides a ‘great international vision’ for regional and foreign stakeholders on inbound and outbound mandates. Hong Kong-based China energy head Carolyn Dong is well-versed at advising SOEs on outbound transactions as well as on Sino-foreign JVs, while Matthias Schemuth regularly handles energy and infrastructure financing matters. Shanghai-based senior associate Simin Yu has notable expertise advising on greenfield project development, construction, financing and M&A matters.

Practice head(s):

Matthias Schemuth

Other key lawyers:

Carolyn Dong ; Tom Van Hoof; Simin Yu

Testimonials

‘The team is able to draw from a diverse and experienced pool to offer a win-win solution.’

Offers industry expertise. Always ready and available. Great team to work with under pressure. Offer a great international vision.’

‘They are accessible, flexible and balanced in their provision of advice.’

Key clients

China Energy Investment

Barito Pacific

Indonesia Power

Arctic Green Energy Corporation

ANZ

ADB

BBVA

DBS Bank Ltd

Rabobank

Société Générale

Rabobank

ICBC Asia

DZ Bank

China Huadian

Zhefu Holdings

Supreme Trading

TTCL Public Company

Sojitz Corporation

ACO Investments

Ditrolic Solar

KEPCO

Veolia

Natixis

Shenhua Guohua Lion Power Indonesia

HSBC

Work highlights

  • Advising the Sponsors in relation to the development, construction and financing of the $3.5bn  2 x 1000MV Jawa 9 & ten ultra-super critical power plant in Banten Province, Indonesia.
  • Advising DBS as mandated lead arranger and the syndicate banks on an innovative project financing of a portfolio of up to 25MW rooftopsolar projects in Hong Kong undertaken by NEFIN Solar Asset Limited.
  • Advising ICBC Asia as mandated lead arranger and documentationbank and the syndicate banks with respect to the financing of a 2 x350 MW coal fired power plant project in Preah Sihanouk(Sihanoukville) Province, Cambodia.

Latham & Watkins LLP

Regularly partnering up with practitioners throughout the firm’s global network, Latham & Watkins LLP’s Hong Kong-based China-facing practice is well-positioned to advise on large-scale multijurisdictional energy projects. Clients include a varied mix of state-owned and global energy companies, funds, and early-stage entities, and includes transactional work throughout the value chain, cutting across both conventional and renewables energy projects. Although his roots are in the oil and gas sector, team head David Blumental ’s practice has effectively moved in line with the market and now embraces corporate, finance and M&A work in the renewables space, as well as mandates involving emerging energy technologies, including waste-to-energy and hydrogen fuel cells.

Practice head(s):

David Blumental

Key clients

CNOOC Limited (and its subsidiaries and affiliates)

ENN Energy Holdings Limited (and its subsidiaries and affiliates)

Gazprom Neft

Guohua Energy Investment Co., Ltd. (a member of China Energy Investment Group)

Harbin Electric International Co., Ltd.

Ocean Minerals LLC

Pertamina

PTT Public Company Limited (and its affiliates, PTT Global LNG Company Limited, PTT Exploration and Production, and PTT Global Chemical)

Repsol S.A.

San Miguel Energy

TOTAL SE

X-Elio Energy, S.L.

Pinsent Masons

Leveraging its market-leading construction credentials, including in-depth knowledge of EPC and PPP agreements, Pinsent Masons is a popular choice among Chinese contractors and project sponsors on outbound infrastructure projects. Work includes investments into existing projects and asset portfolios. A qualified chartered surveyor, Beijing-based partner Mark Hu acts for Chinese SOEs and is consequently regularly involved in major energy and infrastructure project across a range of jurisdictions, including in many BRI-targeted markets. The arrival of Kanyi Lui at the beginning of 2020 from Jones Day has broadened the team’s capabilities and has proved to be a popular hire among both banks and sponsors, in light of his notable infrastructure and energy-related finance expertise.

Practice head(s):

Mark Hu; Kanyi Lui; John Yeap

 

Key clients

CGGC International Limited

CRRC Zhuzhou Locomotive Co., Ltd and CRRC (Hong Kong) Co. Limited

Bank of China

Work highlights

  • Advised CGGC International on its equity investment and its bid for EPC contractor for the Red Sea Project in Saudi Arabia.
  • Advised the consortium of CRRC (Hong Kong) and CRRC Zhuzhou Locomotive Co., Ltd on Mexico City’s Metro Line 1 modernisation project.
  • Advised Bank of China and a syndicate of 11 banks on the project financing of the $1bn Xiamen Xiangyu integrated stainless steel plant located in South Sulawesi, Indonesia.

Shearman & Sterling LLP

Adept at advising clients throughout the project finance life cycle, Shearman & Sterling LLP is a compelling proposition to sponsors and lenders engaged in projects within the power, renewables and mining sectors. Fully in lockstep with their clients’ needs, the team has been particularly active advising Chinese investors and lenders on their activities throughout Asia, Africa and Latin America. China project development and finance team head Xiaogang (Sean) Wang has strong credentials among numerous Chinese SOEs and is well regarded for his ability to handle mandates in challenging jurisdictions, as evidenced by his recent work for China National Petroleum Corporation Exploration & Development Company on its acquisition from ExxonMobil of a participating interest in the West Qurna (Phase 1) Oil Field in Iraq.

Practice head(s):

Xiaogang (Sean) Wang

 

Key clients

China National Petroleum Corporation Exploration & Development Company (CNODC)

China Telecom Corporation

PetroChina Company Limited

Poly-GCL Petroleum Company Ltd.

Shanghai Electric Power Generation Group

Work highlights

  • Advising CNODC and CNOOC in connection with the acquisition from ExxonMobil of aparticipating interest in the West Qurna (Phase 1) Oil Field in Iraq, one of the world’s largest with expected recoverable reserves of over 20 billion barrels.
  • Advising Poly-GCL Petroleum Company Ltd., a JV between the state-owned Poly Group and the Golden Accord Group in Hong Kong on the development of a $4bn  integrated LNG extraction project comprising of a cross-border pipeline between Ethiopia and Djibouti and a liquefaction port in Djibouti.
  • Advising Shanghai Electric on the development of a 1,000 MW, approximately $4bn mine mouth power project in the Thar 4 area in Pakistan.

Clyde & Co LLP

Splitting her time between mainland China and Hong Kong, Fei Kwok is the main contact at Clyde & Co LLP for energy and infrastructure-related project development and finance work. As well as advising on conventional energy mandates throughout the value chain, Kwok also regularly handles oil and gas trading transactions.

Practice head(s):

Fei Kwok

Gide Loyrette Nouel A.A.R.P.I.

Primarily centred from Beijing but also able to draw upon M&A expertise from Shanghai, Gide Loyrette Nouel A.A.R.P.I.’s multi-disciplinary offering in the projects and energy space has transactional expertise across a range of oil and gas, mining, power, nuclear and renewables mandates throughout the value chain. The team is particularly effective at advising French companies on their inbound China-based investments, as well as for Chinese stakeholders on their investments into Francophone African countries. Key practitioners include Guo Min, whose tax prowess ensures transactions are structured in the most tax-efficient manner, and counsel Xi Chen whose inbound and outbound work includes acquisitions and greenfield projects.

Other key lawyers:

Xi Chen

Testimonials

The firm has rich work experience in Guinea and other African countries, and can provide accurate information from a legal due diligence, company establishment, labour and employment, and tax planning perspective.’

‘Guo Min and Chen Xi provided powerful support! The problems raised by our company can always be understood accurately and answered quickly, especially when our company encounters difficulties in customs and taxation in Guinea, they can propose solutions throughout the process and contact the local tax authorities. ‘

Key clients

Air Liquide

Aluminum Corporation of China Ltd

China Standard Inspection Co.

Engie

International Finance Corporation

Orano

Total

Vallourec

Work highlights

  • Advised Chalco Hong Kong Ltd (Chalco HK) on the development of the Boffa Nord and Boffa Sud bauxite mining blocks in the Republic of Guinea.

Hogan Lovells International LLP

At Hogan Lovells International LLP, Jun Wei, who splits her time between the firm’s Shanghai and Beijing offices, handles a significant amount of M&A and finance-related projects and energy work in her role as chair of the firm’s Greater China practice.

Other key lawyers:

Jun Wei

Reed Smith

Led out of Beijing by the ‘very dedicatedEric Lin and also able to effectively leverage resources from across the firm’s international network, the ‘very professional and responsive’ team at Reed Smith Richards Butler is particularly effective at advising Chinese-based stakeholders on multijurisdictional energy and natural resources M&A and projects mandates.

Practice head(s):

Eric Lin

Testimonials

The team is very professional and the response is timely.’

‘Eric Lin is very dedicated and provides an excellent service.’