Projects and energy: International firms and joint ventures in Japan

Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho

Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho is best known for its project financing expertise on cross-border mega deals across oil and gas, LNG, renewable energy, power, and infrastructure projects. In recent highlights, the team has been acting on the Jawa 1, Coral South FLNG, and the Rovuma LNG projects. Practice co-head Matthias Voss heads both the Tokyo and Seoul offices and regularly represents clients including JBIC, NEXI and a host of Japanese trading houses, while co-head Scott Neilson has substantial experience advising on project development, acquisition finance, credit financing and restructurings.

Practice head(s):

Matthias Voss; Scott Neilson

Testimonials

‘Allen & Overy is very knowledgeable about the Japanese market and good at collaborating with its own overseas office very smoothly.’

‘Allen & Overy fields a very capable team working on one side or the other of many of the most high profile project financing deals in the region.’

‘Matthias Voss and Nick Wall are very good liaising partners.’

‘Hitomi Komachi is a standout finance associate with bags of energy. Scott Nielsen is bright and tenacious – he is very good to have on your side. Michael Diosi is a smart and considered lawyer who always remains unflustered.’

Key clients

Japan Bank for International Cooperation (JBIC)

Nippon Export and Investment Insurance (NEXI)

Japan International Cooperation Agency (JICA)

Asian DevelopmentBank (ADB)

Marubeni Corporation

Mizuho Bank

Sumitomo Corporation

Mitsui & Co., Ltd.

JERA Co., Ltd

Sojitz Corporation

SMBC

Kansai Electric Power Company

Work highlights

  • Advised the lenders in relation to the development, construction and operation of the 1760MW Jawa-1 Gas-fired power plant in in Indonesia.
  • Advising the Prospective ECA and lenders in relation to the proposed multibillion-dollar Rovuma LNG Project in Mozambique.
  • Advised Marubeni and KEPCO as joint Japanese and Korean sponsors and developers on the development and financing of the 1,200MW Nghi Son 2 build-operate-transfer coal-fired power plant project in Vietnam.
  • Advised the finance parties on a project that consists of the design, development, construction,commissioning, procurement, financing, maintenance and operation of a new hydro-cracking complex Egypt.
  • Advised Long Son Petrochemicals Co. (the Sponsor) on the $4.5bn Long Sonpetrochemical complex project in Vung Tau province, southern Vietnam.

Latham & Watkins Gaikokuho Joint Enterprise

The project development and finance group at Latham & Watkins Gaikokuho Joint Enterprise acted on several market-leading mandates including the Rantau Dedap Geothermal Power Project in Indonesia, one of the pioneer new generation geothermal projects being undertaken under the country’s Fast Track 2 programme. Under the joint leadership of Stephen McWilliams – who was named Tokyo office manager and now shares his time between Singapore and Japan's capital – and Seoul office manager Joseph Bevash, the team represents lenders, sponsor,s and energy companies in their transactional needs. Also notable are counsels Richard Chul Kim and Richard Fleming, and Singapore-based partner Michael Yoshii.

Practice head(s):

Stephen McWilliams; Joseph Bevash

Key clients

Japan Bank for International Cooperation

Nippon Export and Investment Insurance (NEXI)

Marubeni Corporation

JERA Co., Inc.

Asian Development Bank (ADB)

Anadarko Petroleum Corporation

San Miguel Corporation and SMC Global Power Holdings Corp.

PT Pertamina (Persero)

Meralco PowerGen Corporation

TeaM Energy Corporation

Work highlights

  • Representing the sponsors (including ENH, the national oil and gas company) on the financing of an integrated upstream and midstream gas and LNG project in the Republic of Mozambique.
  • Served as international lenders’ counsel in the project financing for the Rantau Dedap Geothermal Power Project, a 98.4MW power facility in South Sumatra, Indonesia.
  • In the first infrastructure project finance securitization in Asia, the team represented Clifford Capital Pte. Ltd, a Singapore-based specialist arranger and provider of project and structured finance solutions, as the sponsor, manager and subordinated note investor, which successfully priced on 25 July 2018.
  • Advised San Miguel Corporation and its subsidiary SMC Global Power Holdings Corp. in the acquisition of Masin-AES. Masin-AES is a Singapore-based power generation company.
  • Advised Japan’s JERA (the world’s biggest importer of LNG) in the acquisition of a 50% equity interest in Linden Cogen, an owner and operator of a 972MW natural gas-fired thermal power co-generation project located in New Jersey, US.

Linklaters

The projects, energy and infrastructure practice at Linklaters handles both outbound and inbound mandates through its significant Japanese law expertise. In recent highlight, the group bolstered its presence in the renewable power space through its work on the Akita offshore wind project for Marubeni, while also maintaining its work stream of conventional power deals, as shown by its ongoing counsel to JBIC, NEXI and the commercial lenders on the financing of the Hamriyah gas-fired plant in Sharjah. John Maxwell has an outstanding track record in project finance while his practice co-head Hirofumi Taba is recognised for his expertise in the domestic renewables field, especially offshore wind.

Practice head(s):

John Maxwell; Hirofumi Taba

Testimonials

‘Linklaters is excellent across all sectors and asset classes. The team is very responsive, always focused on the real issues and never creates unnecessary issues.’

‘John Maxwell is an excellent lead who gets involved and shows genuine enthusiasm for the deals. He is much more engaged in the wider context than other lawyers in the field.’

‘Linklaters is a top tier project finance practice fielding some of the very best legal minds in the business.’

‘John Maxwell is a hugely experienced and capable project finance lawyer who doesn’t get too bogged down in the weeds and genuinely tries to get the deal done for all sides. Xylia Sim – surely a partner in waiting – is very bright and has great attention to detail.’

Key clients

Asian Development Bank (ADB)

Japan Bank for International Cooperation (JBIC)

Nippon Export and Investment Insurance(NEXI)

Sumitomo Mitsui Banking Corporation (SMBC)

MUFG Bank Ltd (MUFG)

Mizuho Bank

ING Bank

BNP Paribas

Melco Resorts and Entertainment

Kansai Electric Mitsui & Co., Ltd.

Tokyo Gas Marubeni Corporation

Sonnedix Solar Japan

Work highlights

  • Advised JBIC and NEXI on the project financing of the 1,800MW Hamriyah gas-fired IPP in Sharjah, UAE.
  • Acted as common lenders counsel to JBIC, ADB and commercial lenders on the project financing of the 2,500MW Gulf gas-fired IPP in Thailand.
  • Advising X-ELIO as sponsor on the financing of a 10MW solar project in Yamaguchi, Japan.
  • Advising Sonnedix Japan as sponsor on the project financing of the 41MW solar project in Tochigi, Japan.

Milbank

As the market returns to find some faith in commodities, Milbank's Aled Davies has been advising on a high volume of LNG and FLNG mandates, including the delivery of associated infrastructure. Also notable is the firm's work for Japanese entities in their exporting of infrastructure and energy technologies across the world, as illustrated by its counsel to JOIN and JBIC in their provision of financing for the development of a high-speed rail network between Houston and Dallas in Texas. Also notable is special counsel Justen Fleming who has been involved in integrated LNG-to-power projects.

Practice head(s):

Aled Davies

Other key lawyers:

Justen Fleming

Testimonials

‘Milbank has an aggressive team which always strongly negotiates for its clients.’

‘The team is able to move any deal forward and to provide insights.’

‘Aled Davies is very competitive and a tough negotiatior.’

‘The team as a whole provides great support, specifically Andrew Pendelton and Aled Davies.’

Key clients

JOIN

JBIC

Work highlights

  • Advised JOIN and JBIC inproviding financing for the development of a high-speed rail network between Houston and Dallas, Texas.

Morrison & Foerster LLP

Morrison & Foerster LLP fields a team of project finance experts with significant expertise in New York law, as well as bengoshi who advise on Japanese law, under the joint leadership of Michael Graffagna and Dale Caldwell (who has recently been on secondment to Softbank). The group combines its enviable international reach with  a strong presence in the Japanese renewables field, especially in solar power, where it covers the full gamut of work including M&A, financing, and development. Masahiro Shiga spearheads the bengoshi offering and has played a key role in virtually all of the practice's solar power mandates alongside Joshua Isenberg.

Practice head(s):

Michael Graffagna; Dale Caldwell

Other key lawyers:

Masahiro Shiga; Joshua Isenberg

Key clients

Mitsui & Co., Ltd.

JERA Co., Inc.

SoftBank

Tokyo Gas Co., Ltd.

Sumitomo Corporation

Osaka Gas Co., Ltd.

GSSG Solar, LLC

X-Elio

Work highlights

  • Represented Tokyo Gas in a Joint Development Agreement with FirstGen to develop an LNG import and re-gasification terminal in the Philippines.
  • Represented Sumitomo Corporation in the rehabilitation and maintenance contract for Manila Metro Rail Transit System Line 3 in the Philippine capital city.

White & Case LLP - White & Case Law Offices (Registered Association)

White & Case LLP - White & Case Law Offices (Registered Association)'s strength in the projects space is exemplified by its ongoing counsel to Saudi Aramco in the $15.3bn development and financing of the Refinery & Petrochemical Integrated Development (RAPID) project in the southern Malaysian state of Johor. The group is especially strong in the renewables, LNG, and transport infrastructure space. Practice head Paul Harrison is a project finance specialist and a key contact alongside Toshio Dokei, who has strong, longstanding relationships with major Japanese clients such as JBIC and NEXI. Other names to note in the team are Alexander Woody and Micah Sadoyama, both of whom have an outstanding track record in the LNG space. Banking, leveraged finance and acquisition finance expert Zenya Onishi recently joined the firm from Linklaters.

Practice head(s):

Paul Harrison

Key clients

ADB

The Development Bank of Japan

JBIC

JERA

Mitsui

MUFG Bank

The Nippon Export and Investment Insurance

Saudi Aramco

Sumitomo Mitsui Banking Corporation

Tokyo Gas

Work highlights

  • Advised Saudi Aramco on its acquisition of a 50% equity interest in Petronas’s Refinery and Petrochemical Integrated Development (RAPID) in the southern Malaysian state of Johor and continues to advise Saudi Aramco on the development and financing of the project.
  • Representing a number of lenders in the financing of a gas liquefaction facility in Mozambique to monetize recent large-scale gas discoveries in the Rovuma Area 1 Offshore Basin.
  • Representing JERA in the formation of an LNG optimisation and trading venture where JERA’s and EDFT’s LNG optimisation and trading activities will be merged into a single entity, JERA Trading Pte. Ltd (JERAT).
  • Representing SMBC; MUFG Bank; and MUTB, the leading financial institutions, as lenders counsel in connection with the financing of an LNG vessel. Mitsubishi Corporation, Nippon Yusen Kabushiki Kaisha, Toho Gas co. and Tohoku Electric Power co. are acting as sponsors to the deal.
  • Representing Tokyo Gas regarding the optimisation of its North American LNG portfolio with an agreement with Centrica LNG Company, the trading business company of the leading European utility Centrica.

Ashurst

Ashurst advises the full range of clients in the projects and energy sector, from governments to project developers and ECA funders, on their conventional and renewable power projects. The group also frequently intervenes in oil and gas and LNG matters, either acting in relation to new concessions or advising purchasers or vendors on acquisitions or divestments of interests in existing concessions. Also notable is the firm's track record in the transport infrastructure sector and its growing expertise in the M&A space as shown by its counsel to Kansai Electric on Japanese utility's investment into the UK offshore wind market. Following the relocation of Matthew Rickards and Anna Hermelin to the firm's New York office and the departure to Bryan Cave Leighton Paisner LLP of Dominic Gregory , the team welcomed global utilities practice head David Wadham from the London office as its new leader.

Practice head(s):

David Wadham

Key clients

Japan Bank for International Cooperation

Sumitomo Corporation

Mitsui & Co. Ltd.

Marubeni Corporation

Mitsubishi Corporation

Itochu Corporation

Macquarie Capital

Kansai Electric

Tokyo Gas

Work highlights

  • Advised JBIC, EKF and the 16 commercial lenders in relation to all aspects of the development, construction and financing of the 950MW Moray offshore wind farm off the coast of Scotland.
  • Advised Kansai on its agreement to acquire a 16% stake in the circa. 860MW Triton Knoll offshore wind farm. The project is now owned by innogy (59%), J-Power (25%) and Kansai (16%).
  • Advised FCC Aqualia as the lead consortium member on all aspects of its bid for four major water and waste water projects in Saudi Arabia.
  • Advised the lenders (KDB and CACIB) on the bid by Samsung, COBRA and Orascom to develop, construct, own and operate a major RO desalination facility at Taweelah in the UAE.
  • Ashurst, together with WSP, Mott MacDonald and EY, advised the governments of Malaysia and Singapore on the Kuala Lumpur to Singapore High Speed Rail Project.

Baker McKenzie (Gaikokuho Joint Enterprise)

Baker McKenzie (Gaikokuho Joint Enterprise)'s projects team focuses on sponsor and developer-side work but has a longstanding client roster of Japanese companies and contractors as well. The group has been advising Japanese utilities on their investments overseas, foreign developers and contractors on their acquisitions of domestic Japanese renewable projects, and its longstanding LNG clients regarding several export terminal projects. The projects team is jointly spearheaded by Ean Mac Pherson and Samir Desai with strong support from the banking and finance department. The firm fields strong gaiben like counsel Stephen Clugston – who recently joined from Norton Rose Fulbright – as well as a very significant bengoshi contingent including counsel Masahiro Tanabe.

Practice head(s):

Ean Mac Pherson; Samir Desai

Other key lawyers:

Stephen Clugston; Masahiro Tanabe

Testimonials

‘Baker McKenzie in Japan really impresses with its willingness to collaborate with clients to reach respective goals in mutually beneficial ways. The firm’s approach to relationship-building is aimed at the long term, not the short-term.’

‘Ean Mac Pherson and Masahiro Tanabe generate a lot of trust through their prompt responses and willingness to listen to clients’ needs and co-create solutions; it really is a breath of fresh air!’

Key clients

MUFG Bank

Sumitomo Mitsui Financial Group

SB Energy

TOTAL SA

Japan Wind Development

Shinsei Bank

Tokyo Century Corporation

Toyota Tsusho Corporation

Pacifico Energy K.K.

Work highlights

  • Advised the Aviation Department on the Fukuoka International Airport Public Private Partnership (PPP).
  • Acted for SMTB in its project financing of a wood chip biomass project in Yonago Tottori Prefecture, Japan to MUL, Tokyu Land Corporation, Chubu Electric Power Company and New Energy Development Co., Ltd.
  • Advised Tokyo Century Corporation on its joint investment in a floating solar power project developed by CIEL ET TERRE TAIWAN LIMITED in Taiwan with Kyudenko Corporation and Kyuden Mirai Energy Company, Incorporated.
  • Advised Pacifico Energy on the development, construction, financing and sale of its 112MW (DC) Bizen Mega Solar Power Plant in Wake Gun, Okayama Prefecture.

Clifford Chance

Under the joint leadership of Yusuke Abe and Hans MenskiClifford Chance has both the gaiben and bengoshi capabilities to advise on both incoming and outbound project development and finance mandates. The group has expertise in the oil and gas, mining and metals, conventional power, renewable power and infrastructure sectors where the firm represents Japanese and foreign investors and sponsors – especially international airport operators and renewable energy companies – as well as commercial banks, ECAs, financial institutions, and governmental entities. Counsel and financing expert Akihiko Takamatsu is also notable alongside with recently promoted counsel Nicolas Cookson.

Practice head(s):

Yusuke Abe; Hans Menski

Other key lawyers:

Akihiko Takamatsu; Nicolas Cookson

Testimonials

‘The projects experts at Clifford Chance have plenty of experience with finance and natural resources projects. They are all sophisticated and strongly feel they are reliable.’

‘Clifford Chance is known to the market and has great knowledge of the industry, with a good understanding of foreign companies’ requirements.’

‘Yusuke Abe is smart and amicable. He has a wealth of knowledge about client, which means they don’t have to waste any time bringing him up to speed on the progress of a project or specific requirements.’

‘The team is quick to respond and provides professional legal advice in various situations. In particular, Yusuke Abe has great communication skills and is a good facilitator for lender and sponsor meetings.’

Key clients

VINCI Airports S.A.S.

KIRKBI Investment A/S

Sonnedix Japan K.K.

Japan Bank for International Cooperation (JBIC)

The Export-Import Bank of Korea (KEXIM)

Korea Trade Insurance Corporation (K-Sure)

Nippon Export and Investment Insurance

Nomura

OPIC

EKF

Mizuho Bank

Work highlights

  • Advised a consortium member in relation to its bid for the privatisation of Fukuoka Airport in Fukuoka Prefecture, Japan.
  • Advised Sonnedix Japan K.K. in relation to its project financed solar power deal located in Tono City, Iwate Prefecture in Japan.

Herbert Smith Freehills

The projects and energy team at Herbert Smith Freehills has substantial experience advising on all major energy sub-sectors including upstream oil and gas, LNG, renewables, conventional power projects, infrastructure and mining. Andrew Blacoe recently oversaw high-profile matters including advising Mitsubishi's $500m investment in Anglo American's Quellaveco Copper Mine. Also notable are corporate expert Damian Roberts who continues to act for the Japanese consortium in the Singapore-Malaysia high-speed rail project, and senior associate William Lapthorn. Former practice head Lewis McDonald has been promoted to global head of energy and relocated to the London office. Moving in the opposite direction, financing associate Keith Gamble has joined the Tokyo office.

Practice head(s):

Andrew Blacoe

Other key lawyers:

Damian Roberts; William Lapthorn

Testimonials

‘The firm has lots of skillful professtionals to cover all aspects of the deal.’

‘Herbert Smith Freehills has great knowledge of its projects, a quick response rate, and the commercial mind needed to bring the project to completion.’

Key clients

Marubeni Corporation

Mitsui & Co., Ltd.

Mitsubishi Corporation

Sumitomo Corporation

First Gen Corporation

Hitachi Construction Machinery

Banpu

JERA

Work highlights

  • Advising Mitsubishi Corporation on its joint venture with Shell, Petronas, KOGAS and PetroChina on the LNG Canada project.
  • Advising First Gen Corporation on its approximately $2bn project to build and operate the first LNG import terminal in the Philippines.
  • Advised JERA Co on its acquisition of a 24.95% stake in the Gunfleet Sands Offshore Wind Farm project in the UK from Marubeni Corporation.
  • Advising a Japan-led consortium on its bid for the Kuala Lumpur-Singapore High Speed Rail Project.
  • Advised Marubeni on the $300m acquisition of GasValpo, a natural gas distribution company in Chile.

Hogan Lovells Horitsu Jimusho Gaikokuho Kyodo Jigyo

Hogan Lovells Horitsu Jimusho Gaikokuho Kyodo Jigyo's Joseph Kim co-heads the projects and energy practice with Sean Conaty and is best known for his Japanese and Korean outbound investment work, especially for trading houses, financial institutions, ECAs and utilities. The group focuses primarily on project finance mandates for energy and transport infrastructure schemes across the South East Asia region.

Practice head(s):

Joseph Kim; Sean Conaty

Testimonials

‘The firm delivers good quality lawyers who perform very well during the preparation work and during discussions with counterparties.’

‘Sean Connaty and Robin Musch can cover all the commercial issues very well.’

Key clients

PT Perusahaan Listrik Negara (PT PLN)

Tokyo Electric Power Company Holdings, Inc. (TEPCO)

China Development Bank

Greentech Capital Advisors Securities, LLC.

PT Medco Energi Internasional Tbk (Medco Energi)

Mitsubishi UFJ Financial Group, Inc. (MUFG)

PT Pembangkitan Jawa-Bali (PT PJB)

Sumitomo Mitsui Banking Corporation (SMBC)

Sumitomo Corporation

Work highlights

  • Advising PLN on the development, construction and financing of the $2.5bn 2,000MW Jawa 9 and 10 power projects in Indonesia and including advising on overall project issues and preparing the project documentation (including the PPA and Shareholders Agreement).
  • Acted for Tokyo Electric Power Company Holdings, Inc. (TEPCO) in its acquisition of 36.38% of the shares in Viet Hydro Pte. Ltd. from InfraCo Asia Development Pte. Ltd. for the purpose of TEPCO’s investment and participation in the Coc San Hydropower Plant in Lao Cai Province, Vietnam.

King & Spalding

King & Spalding's Japan-based projects and energy practice has recently led on the development, financing and investment in numerous key and cutting-edge energy projects in Asia and beyond. The key names to note are managing partner and financing expert John McClenahan, who continues to advise JBIC and the Asian Development Bank on the project financing of the $1.3bn Gulf SRC gas-fired power project in Thailand; and Mark Davies who continues to lead the advice on a number of high-profile FPSO projects across the world. Rupert Lewi has retired.

Practice head(s):

John McClenahan

Other key lawyers:

Mark Davies

Key clients

Mitsui & Co., Ltd

Marubeni Corporation

MODEC, Inc

Mitsui O.S.K. Lines

Mitsubishi

Mitsubishi UFJ Trust and Banking Corporation

Japan Wind Development Co., Ltd.

Japan Bank for International Cooperation (JBIC)

Tokyu Land Corporation

Sojitz Corporation

LNG JAPAN

Tokyo Electric Power Company (TEPCO)

Asian Development Bank (ADB)

SMBC

MUFG Bank

Development Bank of Singapore

Standard Chartered Bank

OCBC

APICORP

Toyota Tsusho

Senvion GmBH

Toshiba

Mitsui E&S Holdings Co. Ltd.

Work highlights

  • Advising Japan Bank for International Cooperation and Asian Development Bank on all aspects of their participation in the 2,500MW GSRC IPP Project in Thailand.
  • Represented Modec, Inc., Mitsui & Co., Ltd. and Mitsui O.S.K. Lines, Ltd. in connection with the project development and project financing of the AREA1 MV34 FPSO project in Mexico.
  • Advising Posco-Daewoo Corporation on the negotiation of FEED and construction contracts for theconstruction of a $1bn sub-sea expansion project for the Shwe Gas Project in Myanmar.
  • Advising JBIC on the project financing of the $2.5bn Vung Ang II 1,200MV coal-fired IPP in Vietnam including bankability review of the project documents.
  • Advising Senvion GmbH and Japan Wind Development on various wind power projects in Japan.

Mayer Brown GJBJ

Having hit the ground running, Rupert Burrows spearheads Mayer Brown GJBJ's young projects offering in Tokyo. The practice regularly acts for major Japanese companies, trading houses, and utilities and energy companies. One of the sponsors on the 1,760MW Jawa-1 gas-to-power project in Indonesia appointed Burrows and his team to advise on the financing of the project, while also overseeing the $2.5bn financing of the of the Quebrada Blanca Copper mine in Chile, acting for Sumitomo Metal Mining and Sumitomo Corporation as project sponsors. Banking and finance partner Shri Maski and senior associate Tomo Adachi are also key contacts within the firm.

Practice head(s):

Rupert Burrows

Other key lawyers:

Shri Maski; Tomo Adachi

Key clients

Mitsui O.S.K. Lines (MOL)

Sumitomo Metal Mining Co., Ltd and Sumitomo Corporation

Work highlights

  • Advising Mitsui O.S.K. Lines (MOL) as sponsor on the limited recourse financing of the 1,760MW Jawa 1 gas-to-power project being developed by Marubeni, MOL, Pertamina and Sojitz in West Java, Indonesia.
  • Advised Sumitomo Metal Mining and Sumitomo Corporation as a sponsor on the $2.5bn limited recourse financing of the Quebrada Blanca copper mine project in Chile.

Norton Rose Fulbright

At Norton Rose Fulbright the projects team covers corporate, M&A, dispute resolution, regulatory, finance and development mandates for its client roster which mainly consists of Japanese sponsors and financial institutions. George Gibson and his team have acted as international counsel on the pathfinder development of two offshore wind projects in Japan by a Japanese developer, and represented a bidder with respect to the potential acquisition of equity interests in the Formosa 2 and 3 offshore wind projects in Taiwan. Also notable is the firm's work in the LNG, water and infrastructure sectors. Adrian Joyce and Paul Coggins are finance experts and Julien Bocobza completed his two-year secondment at JBIC.

Practice head(s):

George Gibson

Other key lawyers:

Andrew Clarke; Julien Bocobza; Adrian Joyce; Paul Coggins

Testimonials

‘The practice consistently demonstrates deep sector expertise, a pragmatic commercial approach as well, of course, a excellent legal knowledge. Norton Rose Fulbright insists on strong partner commitment to the process and a willingness to help understand and solve the commercial issues before translating them into documentation.’

‘Adrian Joyce is not only remarkable for his knowledge of LNG shipping sectors from a legal perspective but also from a commercial perspective.’

‘Adrian Joyce is excellent. He has great sector experience and knowledge. He is energetic, tenacious, positive committed.’

‘Adrian Joyce always gives the project a driving force when parties concerned face obstacles. He and his associates have commercial minds and give the company valuable inputs with punctuality.’

Key clients

BNP Paribas

ING Bank

Japan Bank for International Cooperation

Japan Renewable Energy

JERA Co., Ltd.

Marubeni Corporation

Mitsubishi UFJ Lease & Finance Company Limited

Mitsui & Co., Ltd.

Mitsui O.S.K. Lines, Ltd.

Mizuho Bank, Ltd.

MUFG Bank

Nippon Export and Investment Insurance

Northern LNG Transport Co., I Ltd., and Northern LNG Transport Co., II Ltd.

Sumitomo Mitsui Banking Corporation

Tokyo Gas Co., Ltd.

Catalyst Investment Management

Work highlights

  • Advised the JBIC on its provision of a buyer’s credit loan facility to Sharjah Electricity and Water Authority (SEWA) for the purposes of purchasing a set of power generation equipment (including a gas turbine, manufactured by Mitsubishi Hitachi Power Systems, Ltd.).
  • Advised Japanese power companies JERA and TEPCO Power Grid on an agreement to invest up to £25m in the UK battery storage developer and operator, Zenobe Energy.
  • Advised NT1 and NT2 as the borrowers’ English transaction counsel in relation to the non-recourse refinancing of two LNG vessels “Artic Discoverer” and “Arctic Voyager”, including restatement of new hedging documentation.

Orrick, Herrington & Sutcliffe LLP

Under the leadership of Yoichi KatayamaOrrick, Herrington & Sutcliffe LLP has been advising on some of the most significant inbound energy project mandates, including an expansive 121.6MW Tsugaru wind facility and the 235MW Setouchi solar facility, while also continuing to assist Japan’s Ministry of Economy, Trade and Industry with opinions and information for structuring the Feed-In-Tariff system and its model power purchase agreement. On the outbound front, practice co-head James Atkin continues to provide expert oil and gas counsel to Japanese clients regarding their investments overseas. Also notable on the renewables side are Minako Wakabayashi and of counsel Yuko Inui.

Practice head(s):

Yoichi Katayama; James Atkin

Other key lawyers:

Minako Wakabayashi; Yuko Inui

Key clients

Enviva Holding LP

GE Energy

Juwi Shizen Energy Inc.

Mitsubishi UFJ Trust and Banking Corporation

Pattern Energy Group LP (Pattern Development) and Green Power Investments (GPI)

Pacifico Energy

Setouchi Future Creations LLC, GE Energy Financial Services, Toyo Engineering Corp. and Kuni Umi Asset Management Co.

Sybac Solar Japan

Work highlights

  • Advised Setouchi Future Creations LLC in its joint venture equity investment into the massive 235MW Setouchi Solar Project.
  • Advised Enviva Holdings LP in concluding its long term take-or-pay off-take contracts as the sole supplier for 630,000 metric tons per year of wood pellets to be utilized for the 200MW Aioi biomass project located in Hyogo Prefecture.
  • Advised on the development and financing of the largest wind power generation project covering the north-south 12 km area along the coast of the Sea of Japan in Tsugaru City, Aomori Prefecture.

Pillsbury Winthrop Shaw Pittman LLP

Pillsbury Winthrop Shaw Pittman LLP's stellar client roster includes clients many Japanese corporates, trading houses, contractors, oil and gas players and financial institutions. The team is jointly led by office managing partner Anthony Raven and Simon Barrett and has significant expertise in the areas of renewable energy, petrochemicals, transport infrastructure, project finance and LNG. Also notable is the firm's work on disputes, regulatory and sanctions issues in the energy industry, on the UK Bribery Act and the US FCPA, on government investigations, issues around compliance, bribery and corruption, and crisis management.

Practice head(s):

Anthony Raven; Simon Barrett

Testimonials

‘Pillsbury sits at the top tier of global firms for projects and energy. Energy projects need quality lawyers with extensive experience. Anthony Raven is the ‘go-to’ lawyer for complex energy projects.’

‘Anthony Raven and Olivia Matsushita are both responsive, focused and understand the client’s business and industry.’

Key clients

Osaka Gas Co., Ltd

Sumitomo Chemical Co., Ltd.

JX Nippon Oil & Gas Exploration Corporation

GS Energy Corporation

Sojitz Corporation

Kawasaki Heavy Industries

Mitsui & Co., Ltd and MOECO

First Solar

Chiyoda Corporation

IHI Corporation

Micron Technology, Inc.

Metal One Corporation

Forte Energy NL

MNG Gold Jersey Limited

Kajima Corporation

JGC Corporation

Work highlights

  • Advised Osaka Gas on the acquisition by its US subsidiary of Michigan Power, a natural gas-fired power plant in Ludington, Michigan from Wolverine Power Holdings, LLC owned by Rockland Capital.
  • Advised SoftBank Group and its subsidiary SB Energy on a major strategic investment into the mining sector. SoftBank purchased shares in a Toronto listed a company that mines and processes lithium.

Shearman & Sterling

The project development and finance group at Shearman & Sterling features Etienne Gelencsér and head of nuclear George Borovas. The group regularly acts for Japanese conglomerates, including Marubeni, and leading national banks JBIC and Sumitomo Mitsui Banking Corporation. In recent highlights, Borovas has been advising on the El Dabaa Nuclear Power Plant in North Africa with numerous first-in-the-country innovations, as well as the involvement of Russian, Egyptian, English and international nuclear laws and regulations.

Practice head(s):

George Borovas; Etienne Gelencsér

Key clients

Egypt-Nuclear Power Plants Authority (NPPA)

Japan Bank for International Cooperation (JBIC)

Bank of Tokyo-Mitsubishi UFJ (BTMU)

Itochu Corporation

Marubeni

Nippon Export and Investment Insurance (NEXI)

Mizuho

Development Bank of Japan, Inc.

Nuclear Power Plants Authority(Egypt)

Japan Nuclear Fuel Limited (JNFL)

Work highlights

  • Advising the Egyptian government on the development of the El Dabaa nuclear power plant consisting offour reactor units, with a total capacity of 4800MW.
  • Advised a consortium led by Pertamina Power Indonesia, Marubeni Corporation and Sojitz Corporation in connection with the development and financing of the $1.7bn integrated LNG-to-power project located in West Java Province, Indonesia.
  • Advised Showa Shell Sekiyu K.K. on the purchase and sale agreement with AP Cricket Valley Holdings II, Inc. pursuant to which the buyer agreed to acquire 10.0% of the membership interests in Cricket Valley Energy Partners LLC , an indirect parent company of Cricket Valley Energy Center LLC.
  • Advised the Development Bank of Japan Inc. and Showa Shell Sekiyu K.K., through their respective U.S. subsidiaries established a new joint venture company, RS Global Capital Investment LLC in July 2018.
  • Advising Development Bank of Japan Inc. in its financing and acquisition in a natural gas-fired thermal power generation project in New Jersey through the project’s holding company, Linden Topco LLC.