Next Generation Partners

Firms To Watch: Projects and energy

Bolstered by the new arrivals of Hallam Chow and Boya Shen to the Hong Kong and Beijing offices, Haiwen & Partners stands out for its experience handling projects work for a client base comprised predominantly of banking and finance clients.

Projects and energy in Hong Kong

Linklaters

Drawing strength from its international network, the team at Linklaters is well versed in handling mega cross-border projects and energy matters, boasting in-depth knowledge of legislation across England, Australia, China, India, Indonesia, Japan, Papua New Guinea, Singapore, Vietnam and Thailand. Aside from its ‘excellent bench across all jurisdictions’, clients also value its ‘vast experience across all relevant sectors and technologies’ which, combined, make it the ‘best firm in the market’. The practice is Led by Ying Fu, who is equipped to handle the gamut of energy transition work – particularly mandates relating to offshore wind projects for high-profile international investors and lenders. James McLaren relocated to the UK.

Practice head(s):

Ying Fu


Other key lawyers:

En-Li Lim


Testimonials

‘Great collaboration with the team from Linklaters over the past years. I can highly recommend them to others, and are also utilizing their services on future projects. They’re well versed in specific industry matters, have a broad view of market practices, highly relevant experience, can successfully guide large groups of counterparties, very helpful in complex transactions, organized and balanced. ’

‘Best firm in the market – vast experience across all relevant sectors and technologies, responsive, good value, commercial teams and excellent bench across all jurisdictions. ’

‘Ying Fu is responsive and helpful.’

Key clients

Energy sponsors


Actis


Aster Renewable Energy (portfolio company of KKR)


BlackRock


Copenhagen Infrastructure Partners


Ørsted


Mitsui & Co., Ltd.


Northland Power


Ontario Teachers’ Pension Plan


IBs


ANZ


Bank SinoPac


BNP Paribas


Commerzbank


Cathay United Bank


Cathay Life Insurance


CACIB


CTBC


DBS Bank


DZ Bank


Deutsche Bank


E. Sun


Entie


HSBC


ING Bank


KGI Bank


Natixis


OCBC


SMBC


Standard Chartered Bank


Infrastructure


Melco Resorts & Entertainment Limited


ECAs


Atradius


Credendo


EDC


EIFO


Korea Development Bank


K-SURE


MUFG


Siemens Bank


Société Générale


Taipei Fubon


Taiwan Life Insurance


UKEF


Work highlights


  • Advised Hai Long 2 & 3 offshore wind projects in Taiwan: a project financing of the 1,044MW Hai Long offshore wind farm in Taiwan, comprising Hai Long 2A (300MW), Hai Long 2B (232MW) and Hai Long 3 (512MW).
  • Advising Project Typhoon onshore wind refinancing, Taiwan on the non-recourse debt refinancing of three operational onshore wind farms in Taiwan owned by Macquarie Asset Management and wpd, including related hedging.
  • Advised on CIP’s minority acquisition of CWP Global’s green hydrogen platform, and related strategic joint venture arrangements.

Bryan Cave Leighton Paisner

Drawing strength from its multidisciplinary team, Bryan Cave Leighton Paisner‘s client roster features sponsors, lenders, government bodies, developers and procuring authorities which it advises on the lifecycle of energy and infrastructure projects. The deep bench fields Ilan Freiman, a notable name for infrastructure, real estate and energy development projects across Asia, Andrew MacGeoch, who handles the full range of corporate and commercial matters and Wayne Ma, who advises multinational and Chinese investment banks, financial institutions and private equity funds and is best known for his work on renewables transactions and work involving the US.

Practice head(s):

Ilan Freiman; Andrew MacGeoch


Other key lawyers:

Wayne Ma


Testimonials

‘We worked with BCLP on a number of Taiwan energy projects.’

‘They are generally efficient and provide practical advice.’

Work highlights


DLA Piper

DLA Piper’s energy and natural resources practice is widely acclaimed for its ‘extensive experience’ handling cross border and multi-jurisdictional project finance, development, M&A and disputes in the oil, power and mining spaces. The group is co-led by Russell Wilkinson, who leverages his expertise in the development, purchase and sale of LNG and gas assets and Carolyn Dong, who acts for overseas investors on acquisition financings, project development and joint ventures in the energy and infrastructure spheres. Dong splitting her time between Hong Kong and Beijing. Trinh Hoang is well-versed in handling financings, debt restructurings and corporate loans for private credit funds, investment banks and corporate borrowers. Matthias Schemuth relocated to Singapore.

Practice head(s):

Carolyn Dong; Russell Wilkinson


Other key lawyers:

Trinh Hoang


Testimonials

‘The team has extensive experience in projects and energy, has been providing legal services in this field for a long time, communicates smoothly with clients, and understands their perspectives and concerns.’

‘Their ‘total’ understanding of a project deal – whether an LNG terminal deal, or a power plant. Their industry insights and comprehension (including of technical issues and how those are most aptly legally addressed) is second to none. ’

‘Russell Wilkinson has an entire career of experience – both in-house and as external counsel – that has given him an in-depth understanding of the industry and developments that place him head and shoulders ahead of his competitors. His commercial and technical prowess distinguishes him from his competitors.’

 

Key clients

Shenhua Guohua Lion Power Indonesia (SGLPI)


Natixis Investment Managers International Hong Kong Limited, Sunlife Insurance and Fubon Bank


Asian Development Bank


DZ Bank AG


Industrial and Commercial Bank of China (Asia) Limited


Banco Bilbao Vizcaya Argentaria, S.A.


DBS Bank Ltd.


Industrial and Commercial Bank of China (Asia)


Work highlights


  • Advised SGLPI on all aspects of the tendering, development, financing, construction, management and operation of a US$800 million-plus, 2x300MW Sumsel-1 power project, on a BOO basis.
  • Advised ADB in relation to its Rong Chang Hog Breeding Phase II Project financing, construction and operation.
  • Advised Natixis Investment Managers, Sunlife Insurance and Fubon in relation to the limited recourse project financing of a portfolio of up to 30 MW rooftop solar PV projects in Hong Kong undertaken by Widex Solar, which was acquired by PAG.

Fangda Partners

Headquartered in Shanghai, Fangda Partners is a name to note in the projects and energy space, with expertise that covers the full range of power, renewables, infrastructure and oil and gas sectors. The team is spearheaded by Shanghai-based Stephen Lin and Joe Biqing Zhou, who splits his time between Shanghai, Hong Kong and Shenzhen. Helen Yuxieu Huang has notable experience assisting Chinese clients with outbound power, infrastructure and renewables developments. Michael Tam is recommended for assisting with power plant and infrastructure development, in addition to offshore real estate projects.

Practice head(s):

Joe (Biqing) Zhou; Stephen Lin


Other key lawyers:

Michael Tam


Testimonials

‘Biqing Zhou is an excellent lawyer, meticulous in her work, quick in response, and provides advice from both a legal and commercial perspective, adapting to the client’s schedule.’

‘Fangda team has performed outstandingly in corporate business, energy, financing and other areas.’

‘Joe Zhou’s team is skilled and experienced, and the cooperation with us is very smooth!’

‘The team is knowledgeable, responsive, and dedicated to getting results. They were always ready to answer my questions and provided sound legal advice.

‘Compared to other firms, Fangda is more personal and agile. They don’t just follow the usual procedures; they adapt and innovate to meet the specific needs of their clients.’

‘The partner is Biqing(Joe) Zhou, he is very responsive and gets things done, great person.’

Key clients

Shanghai Industrial Holdings Limited


Airport Authority Hong Kong


Beijing Capital Eco-Environment Protection Group Co., Ltd.


EDF Renewables (Beijing) Investment Co.,Ltd.


Shenzhen Energy Group


China Merchants Group


Chevron Oronite


Hongkong Electric (Natural Gas) Limited


Work highlights


  • Advised Shanghai Industrial Holdings Limited (an HKEX-listed company) in its completion of subscription of the exchangeable bonds issued by a shareholder of Canvest Environmental Protection Group Company Limited in the principal amount of HK$1.637 billion.
  • Advising Hong Kong Airport Authority on its landmark development of the Hong Kong International Airport Logistics Park in Dongguan and an airside intermodal cargo handling facility at the Hong Kong International Airport under the sea-air intermodal transhipment initiative.

Herbert Smith Freehills Kramer LLP

The team at Herbert Smith Freehills Kramer LLP attracts a high calibre clientele of infrastructure, construction and energy players, as well as financial entities and government bodies for its adept handling of the gamut of matters in the oil and gas, mining, power, water and waste, nuclear and public infrastructure sectors. The group is jointy led by Calvin Ho, Beijing-based Monica Sun and Hilary Lau with Ho advising on cross-border acquisitions, developments, financings and construction contracts, particularly in the energy, infrastructure and shipping spaces, and Sun advising on navigating the regulatory landscape surrounding cross-border infrastructure and energy projects; and Lau is best known for his corporate and commercial work in the energy sector. Yida Xu is also recommended.

Practice head(s):

Calvin Ho; Monica Sun; Hilary Lau


Other key lawyers:

Yida Xu


Testimonials

‘Extensive experience in the energy sector.’

‘Yida Xu is quick to respond, has extensive industry experience, and is able to provide accurate analysis and valuable suggestions.’

‘The team provides professional services for our company’s various businesses. The service areas include cross-border mergers and acquisitions, direct investment in oil and gas, and the company’s daily operations.’

Key clients

V.Ships Asia Group Pte Ltd


FAS Energy For Trading Company


Woodside Energy Shipping Singapore Pte Ltd


Ravenala Investment Limited


China Risun Group Limited


Emirates Global Aluminium (EGA) / Guinea Alumina Corporation


Norin Mining (Hong Kong) Limited


Work highlights


  • Advised FAS Energy, a Saudi Arabian solar giant, on forming a joint venture with PCG Power to develop rooftop solar projects in China, valued at USD 138 million.
  • Advised Ravenala Investment, a fund backed by Chinese government, on its USD 200 million financing of the 300MW Amaria Hydro Power Plant in Guinea.

King & Wood Mallesons

Drawing on an extensive network of offices across China, Singapore and Australia, King & Wood Mallesons is a name to note for nationals and internationals alike seeking assistance with energy, infrastructure and natural resources projects. Sam Farrands attracts a spread of blue-chip clients and is known for his experience on handling PPP projects in Hong Kong. Scott Gardiner’s experience lies in matters relating to climate change, data and energy, while Xiao Yong is a key name to note for regulatory and commercial matters.

Practice head(s):

Sam Farrands; Scott Gardiner; Xiao Yong


Other key lawyers:

Tian Xu


Testimonials

‘The KWM team are experts in LNG sourcing transactions (including negotiations) and documentation, which placed them in unique advantage compared with other law firms. ’

‘Sam Farrands (partner) and Tian Xu (Associate) – very responsive and always quick turnaround of documentation with precise advice and suggestions.’

Key clients

Ocean Park Corporation


West Kowloon Cultural District Authority


CLP Power Hong Kong Limited


International Finance Corporation (IFC)


Asian Infrastructure Investment Bank (AIIB)


Guangdong Energy Group


Hong Kong & China Investment Limited / Towngas


China Gas Holdings Limited


Beijing Energy International Australia


CNPC International Ltd.


North Huajin Refining and Petrochemical Company Limited


PT Cipta Niaga Gemilang (a subsidiary of SPT Energy Group Inc.)


Tiptop Energy Limited (a wholly-owned subsidiary of Sinopec Group)


Sinopec International Energy Investment Co., Ltd.


Work highlights


  • Assisted Ocean Park Corporation on procuring the development of an Adventure Zone PPP project through competitive tender processes in Hong Kong.
  • Advised West Kowloon Cultural District Authority on Artist Square Towers Public Private Partnership (PPP) project within the West Kowloon Cultural District (WKCD) in Hong Kong – the WKCD project marks one of the largest cultural projects in the world, blending art, education and open space.
  • Advised CLP Power Hong Kong Limited (CLP) on the structuring and procurement of CLP’s proposed development of the Hong Kong Offshore Wind Farm Project, an offshore wind farm infrastructure project in the south-eastern waters of Hong Kong.

Gibson Dunn

Gibson Dunn has a notable presence in China and major regional markets including various Southeast Asian countries, India, Pakistan and Sri Lanka, and has notable experience in handling energy and infrastructure projects. The team regularly works with its regional offices, New York and London offices on multimillion-dollar cross-border project financing mandates. Practice head Patricia Tan Openshaw focuses on project development, finance and M&A particularly involving energy and infrastructure assets and is advising SMC Mass Rail Transit 7, Inc. in the development, construction and financing of the integrated metro rail transit system, highway and intermodal transportation terminal project in Metro Manila.

Practice head(s):

Patricia Tan Openshaw


Key clients

Manila Electric Company


PT Asianet Media Teknologi


Bank of the Philippine Islands


Landbank of the Philippines


SMC Mass Rail Transit 7, Inc.


fka Universal LRT Corporation (BVI) Limited


San Miguel Holdings Corp.


I Squared Capital


AC Energy Holdings, Inc.


Republic of the Philippines


First Pacific Company Limited


RCBC Banking Corp.


Metropolitan Bank of the Philippines


Banco de Oro Universal Bank


PLDT Inc.


Metro Pacific Tollways Corp.


KKR


STACK Infrastructure


Etisalat Group


Work highlights


Milbank

Milbank is a name to note in the project development space, assisting a spread of clients on power, natural resources and infrastructure projects on a national and international basis. Operating from Beijing, Shepard Liu advises on project finance, working with lenders and sponsors on transport, infrastructure and energy projects, and has, in recent years, been increasingly involved in projects within the renewables space. Marco Ying, offers up his support from Beijing, leveraging his expertise in infrastructure finance, while Desiree Woo handles project finance and development.

Practice head(s):

Shepard Liu


Other key lawyers:

Marco Ying; Desiree Woo


Key clients

The Export-Import Bank of China (CEXIM)


Industrial and Commercial Bank of China


Shandong Electric Power 3 (SEPCOIII)


Asian Development Bank


PT Amman Mineral Industri


ACEN Corporation / Ayala Group


Aboitiz Power


GNPower Ltd


PT Supreme Energy Rantau Dedap (SERD)


BOC (Central and Eastern Europe)


S. Alam Group


PT Medco Power Indonesia


CITIC Construction


China Gezhouba Group International Engineering Co., Ltd.


Work highlights


  • Advised Asian Development Bank and the Senior Secured Parties in connection with the financing and construction of the Monsoon Wind Power Project – a 600-megawatt wind power plant in southern Laos that feeds into Vietnam.
  • Acting for PT Amman Mineral Nusa Tenggara on the development and financing of a 400MW gas-fired power plant supplying power to the Batu Hijau copper and gold mine and smelter and refinery in Indonesia.
  • Advised ] the commercial lenders (including MUFG, SMBC, ING and Natixis) on a project for an up to 120MW hyperscale data center located in West Java Province, Bekasi District, Indonesia.