Firms To Watch: Projects: foreign firms

Following the relocation of Ina Lutchmiah from the London office in August 2019, Wikborg Rein's Singapore-based offering has been seeing a steady increase in instructions, particularly in the shipping and offshore sectors.

Projects: foreign firms in Singapore

Allen & Overy LLP

Allen & Overy‘s highly experienced offering is regularly instructed to advise on some of the most innovative and complex projects in the power and infrastructure sectors. The group is particularly well regarded for its proficiency in project financing matters, and fields a balanced practice with mandates split roughly equally between lender and sponsor work. Recently, the firm has been increasing its involvement with secondary market transactions, such as advising on acquisition financing issues relating to interests in projects companies. Jason Humphreys leads the team, and is ably supported by noted practitioner Scott Lovell; the former has considerable banking expertise, especially where there is a nexus with the energy sector, while the latter is a specialist in matters relating to LNG and gas.

Practice head(s):

Jason Humphreys

Other key lawyers:

Scott Lovell

Testimonials

‘The A&O projects team has consistently been made up of top class lawyers, from the most junior to the leading partner. Their knowledge, curiosity, analytical ability and most importantly appreciation of the local nuances make them the one of the best project teams.’

‘Jason Humphreys and Scott Lovell’s knowledge, know-how, experience, market understanding and tenacity makes them the best lawyers around. However, what stands them out is their amazing personality, very friendly candour and very respectful approach to the local counsel. It makes working with the team on the toughest transactions very enjoyable.’

‘Proactive and commercial.’

‘I was impressed with the fast turn around time and ability to pull resources from the region to meet our tight deadlines, allowing the sharing of experience from Asian and European markets help us to negotiate terms with the European counterparts.’

‘Team expertise cuts across the board, they take a very collaborative approach to identifying issues early and helping to work across the issues to an acceptable commercial outcome.’

‘Jason Humphreys takes it to a whole new level. Very attentive and responsive and customises bespoke solutions.’

Key clients

Ørsted

Marubeni Corporation

Edra Power

Sumitomo Mitsui Banking Corporation

Pertamina

Sembcorp

Japan Bank for International Cooperation

Sumitomo Corporation

Asian Development Bank

Ichthys LNG Pty Ltd

Work highlights

  • Advised Ørsted (as sponsor) on the simultaneous construction arrangements and sale (and related purchaser financing arrangements) of a 50% stake in the 605.2MW Greater Changhua 1 offshore wind project in Taiwan.
  • Advised Australian company Ichthys LNG (as borrower) on the refinancing of the Ichthys LNG Project.
  • Advised the lenders to SB Energy Six Private Limited on a $327m facility for SB Energy Six Private Limited, a subsidiary of Japanese conglomerate SoftBank Group, in order to finance the development of 2 x 300MW solar farms in Rajasthan, India.

Clifford Chance

Clifford Chance is marked out by the breadth of its practice – both in geographical terms, with mandates stretching from Taiwan, Bangladesh and Indonesia to emerging and developing markets across Latin America, the Middle East and Africa – and in terms of sector type, with work cutting across every major asset type. The Asia Pacific team is led by Nicholas Wong, who is also co-head of the global projects practice; he has extensive experience advising on project development and financing, energy regulation, bankability of project structures, joint ventures, PPP and procurement. Matthew Buchanan, who oversees the Asia Pacific construction group, provides valuable assistance with the construction aspects of infrastructure projects. Ross Howard is noted particularly for his work with sponsors and lenders, including multilateral agencies and export credit agencies, on complex and often politically sensitive deals.

Key clients

Caisse de dépôt et placement du Québec (CDPQ)

Macquarie Capital

Asian Development Bank (ADB)

International Finance Corporation (IFC)

Ontario Teachers’ Pension Plan (OTPP)

Japan Bank for International Cooperation (JBIC)

Overseas Private Investment Corporation (OPIC)

ING

SMBC

Mizuho

Work highlights

  • Advised global institutional investor Caisse de dépôt et placement du Québec (CDPQ) on its $2.7bn co-investment in the 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Macquarie Capital, Ørsted and Swancor Renewable Energy (the sponsors) on their $627m 16-year project financing of the development, construction, commissioning, testing and operation of Formosa 1 – Taiwan’s first commercial scale offshore wind farm.
  • Advised OPIC, the US Government’s development finance institution, and EKF, Denmark’s Export Credit Agency, as the lenders in connection with the development and financing of a 158MW wind farm which will be constructed in the commune of Taïba N’Diaye, approximately 75km north east of Dakar, Senegal.

Milbank

A notable client list comprising the market’s most notable lenders and sponsors differentiates the offering at Milbank. The department stands out as a leading practice for large, multi-sourced project financings involving multilaterals and export credit agencies across Asia. Energy and natural resources specialist James Murray heads up the team, and receives valuable assistance from UK and US-qualified lawyer James Orme. Other noteworthy practitioners include special counsel Andrew Gibb and associate Rosaline Yusman; the former’s broad workload spans assisting with project structuring, advising on risk analysis and infrastructure regulation, and negotiating a broad range of finance and project agreements. The group is able to combine its local knowledge with the firm’s pan-Asian and global resources to provide truly international coverage.

Practice head(s):

James Murray

Other key lawyers:

James Orme; Andrew Gibb; Rosaline Yusman

Testimonials

‘I think what sets them apart is their strategic partnership with the local firms. The combination proves to be highly comprehensive and cohesive.’

‘What sets James Murray apart from other partners in other law firms is his willingness to partake in the commercial negotiations. It is highly value-adding when a partner is able to provide his/her own viewpoints as they may have undergone a similar discussion process for a precedent transaction. It will make the discussions more efficient and fruitful.’

‘Andrew Gibb has shown on numerous occasions the ability to interpret and pinpoint lenders’ concerns and provide conducive solutions on the fly. His insights allow for more fluid discussions and exchanges between the project sponsors and lenders group which usually involve a large group of people with mixed backgrounds.’

‘Rosaline Yusman has shown herself to be an invaluable support to the legal counsel team. She is quick to turnaround and very thorough in providing responses to queries.’

Key clients

Japan Bank for International Cooperation

Nippon Export and Investment Insurance

The Export Import Bank of Korea

Korea Trade Insurance Corporation

Asian Development Bank

Asian Infrastructure Investment Bank

Marubeni Corporation

Sumitomo Corporation

Mitsui Corporation

Engie

Adaro

ANZ

Bank of China

BNP Paribas

CIMB

Citibank

DBS

HSBC

ICBC

ING Bank

JP Morgan Chase

Maybank

Mizuho

MUFG

SMBC

Standard Chartered

Societe Generale

Work highlights

  • Advised the lenders, including KEXIM and KSure as well as a number of commercial banks, on the financing of the 2,000MW Jawa 9+10 thermal power project in Suralaya, Indonesia, which is being developed by PT Indo Raya Tenaga, a special purpose project company.
  • Advising Shandong Electric Power Construction Corporation III, HTG Development Group, and S. Alam Group (the sponsors) and the project company on the 2x612MW supercritical thermal power project in Chittagong, Bangladesh.
  • Assisting GNPower Kauswagan, the project company, with the EPC and other project development matters linked to the construction and development of the $1.2bn GNPower Kauswagan project.

Norton Rose Fulbright

Norton Rose Fulbright‘s offering has recently been seeing considerable growth in the renewables sector, and in particular, is receiving increased instructions relating to solar and energy storage projects in Asia. The team also continues to be recognised for its expert advice on oil and gas, PPP, ports, airports, and rail projects. Widely respected practitioner Nick Merritt, who acts as the firm’s global head of infrastructure, mining and commodities, is heavily involved with the development, financing and acquisition of such assets. Nicky Davies advises lenders, sponsors and governments on the financing and construction aspects of major projects. Stephen Begley and counsel Laurie Pearson are also key names to note. The group was further strengthened by the recent arrival of highly regarded partner Andrew Digges from Ashurst LLP; Digges brings with him experience spanning both development and financing of projects in a wide range of sectors.

Practice head(s):

Nick Merritt

Testimonials

‘Good sector knowledge across geography. Accessible and timely responses.’

‘Nick Merritt is highly accessible with experience across markets; easy to deal with and provides good quality recommendations.’

Key clients

ING Bank Singapore

Asian Development Bank (ADB)

Jinko Power Company Limited

Global Climate Partnership Fund

The OPEC Fund for International Development

Lakdhanavi Limited

Korean Water Resources Corporation (K-Water)

Hyundai Engineering Company

Shearman & Sterling LLP

Team consolidation has characterised the recent period at Shearman & Sterling LLP; 2020 saw the promotions of Jean-Louis Neves Mandelli and Joe Freeman to partner and counsel, respectively, as well as the internal relocation of counsel Angela Heywood Bible from Houston to Singapore; this was then followed by the arrival of recognised practitioner David Clinch from Herbert Smith Freehills LLP and specialist counsel Neil Kingsbury from INPEX in June 2021. The group, thus strengthened, continues to offer deep industry expertise and innovative advice to a notable client roster of lenders, sponsors and other project participants. Highly respected practitioner Bill McCormack, who has a particular focus on work in the renewables space, leads the offering. Well regarded specialist Ben Shorten has now relocated to the London office.

Practice head(s):

Bill McCormack

Testimonials

‘Innovative and solutions driven.’

Key clients

A consortium of Chinese lenders including Sinosure, Chinese commercial banks and ECAs

Abu Dhabi Future Energy Company PJSC (Masdar)

China Development Bank

China Telecom Corporation

Clifford Capital

International Finance Corporation

Sumitomo Mitsui Banking Corporation

Work highlights

  • Advising the International Finance Corporation on the $450m financing of six wind power projects, also known as Super Six, which will be built in the Jhimpir wind corridor in Sindh province, Pakistan.
  • Instructed as lenders’ counsel to Sinosure and a group of PRC lenders in connection with the financing to the 2 x 554.7MW coal-fired power project to be built and located in Hai Hau District, Nam Dinh Province, Vietnam.
  • Advising Masdar and PT PJB on the development of the 145MW Cirata floating PV project in Indonesia, valued at $127.24m.

White & Case Pte. Ltd.

With particular strength in project financing work, the team at White & Case Pte. Ltd. is regularly instructed to advise on some of the largest and most cutting-edge projects in Asia. The Singapore office has been the focus of much recent consolidation at the senior level; following the relocation of Saul Daniel  – who co-heads the Asia Pacific energy industry group – from Houston in May 2020, the team welcomed Tim Fourteau and Jamie Franklin, both formerly of Latham & Watkins LLP, in December 2020. They join such established names as Matthew OsborneFergus Smith and associate Cristian Blumm. Areas of particular expertise and growth for the group include renewables, particularly offshore wind, oil and gas, and LNG. Brendan Quinn, who acts as the department lead for project finance in the Asia Pacific region, oversees matters from the Melbourne office, which is also home to key contact Andrew Clark.

Practice head(s):

Brendan Quinn; Andrew Clark

Testimonials

‘Highly commercial approach whilst never losing legal correctness out of sight. Very easy to collaborate with, always securing good working relationship. Very knowledgeable.’

‘Always gets the job done on time and as agreed. Very pleasant people to work with. Fergus Smith is an exceptional lawyer. He is extremely knowledgeable, very calm and pleasant to work with and very good at handling counterparties and explaining highly complex matters in a way everyone gets.’

‘White & Case have an excellent reputation for projects and energy work and are leaders in this sector. Staffing is lean and dedicated and the firm is thoroughly responsive. Moreover, the lawyers I have worked with have been able to access subject matter experts across the firm’s global network on a variety of cutting edge issues. For many years now, White & Case have been my “go to” firm for projects and energy work.’

‘Saul Daniel and Cristian Blumm are excellent resources and understand the energy and petrochemical sector well. Excellent value for money working with them and they never fail to deliver practical, actionable advice for clients. In particular, Saul brings a wealth of experience from working on cutting edge energy and petrochemical deals in key markets, including Houston, London and Dubai. He is the first lawyer I call when staffing an important transaction.’

‘Strong oil and gas practice globally means they can resource projects with people with experience in the given jurisdiction and expertise in relevant technical areas.’

Fergus Smith is able to summarise complex legal topics succinctly, making them meaningful to business leaders and easily translatable into concrete actions. He combines strong technical legal capability with a broad perspective on the interfaces between legal matters and other domains. He is a very strong communicator‘.

Andrew Clark holds deep experience of infrastructure law and is able to assess challenges creatively often bringing a fresh perspective to unlock problems. He’s easily able to differentiate between the critical risks and the more standard or trivial ones. He is a trusted counsel, quick to highlight real problems to the customer with a solution-focused approach‘.

The team has performed with impressive consistency, always delivering high-quality work on time. The team’s pragmatic focus on solving issues in a practical manner, clearly grasping the client’s commercial and operational challenges has been stand-out. All members of the team have a strong work ethic making this practice well suited to the demands of project finance transactions‘.

‘Saul Daniel provides clear advice and is commercially minded.’

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

Copenhagen Infrastructure Partners

Asian Development Bank

Sumitomo Mitsui Banking Corporation

International Finance Corporation

Canadian Solar

Stonepeak Infrastructure Partners

I Squared Capital

Ghazanfar Group

Asian Infrastructure Investment Bank

Puma Energy

Work highlights

  • Advising the Asian Development Bank – as transaction advisor to the Ministry of Energy of the Republic of Uzbekistan, the Ministry of Investments and Foreign Trade, and the Public-Private Partnership Agency – on a 100MW solar PV generating facility in Sherabad, Uzbekistan.
  • Advised Copenhagen Infrastructure Partners, as sponsor, on the development and $3bn financing of the 589MW Changfang and Xidao offshore wind project, off the coast of Changhua County in Taiwan.
  • Advising the Ghazanfar Group, as sponsor, on the development and multilateral bank financing of a 58.6MW gas-fired power plant in Mazar-e-Sharif, Afghanistan.

Ashurst LLP

Latterly, Ashurst LLP has been strategically repositioning its capabilities to match the opportunities in the Southeast Asia region; Richard Guit, global co-head of international projects, relocated from Australia to Singapore to lead the offering in the final quarter of 2020, and was joined by respected partner Andrew Roche, formerly of Latham & Watkins LLP, in January 2021. The consolidated senior team also includes Michael Harrison, energy specialist Daniel Reinbott and financing expert Alfred Ng. The firm has the expertise to advise on any projects in the natural resources and infrastructure sectors in the Asia Pacific region, including assisting with projects aimed at decarbonising the energy supply to major industrial entities, and major transportation projects.

Practice head(s):

Richard Guit

Testimonials

‘The team has a set of well-experienced attorneys which shall give clients confidence in appointing them. The team is also active in helping clients in business areas that are currently growing, such as distributed renewable power generation.’

‘I always enjoy working with Andrew Roche. He is very hands-on, accurate in documentation, astute in identifying legal risks but yet very practical and solution-oriented. What I value the most is balance between legal and commercial considerations and Andrew always maintains such a balance very well.’

‘Deep knowledge of the industry that they are representing. Beyond legal knowledge they seek to deliberately understand the industry in which their customers reside.’

‘Engaged, collaborative, very commercial, up to date and extremely knowledgeable. They support diversity.’

‘The Ashurst team is very knowledgeable in the specific industries with strong track records of getting deals done (from advisory to execution). They are focused on getting the transaction through and often offer practical solutions to allow for a “win-win” solution between the banks and the clients.’

‘Alfred Ng is meticulous in his approach and always seeks to provide the voice of reason and practical solutions to any issues.’

‘Richard Guit is highly knowledgeable and experienced in his domain which he provides very useful advice to lenders.’

Alfred Ng is a very hands-on partner and is always available to assist or discuss issues which is much appreciated. His approach is always pragmatic and helpful. He is very responsive and you know you can rely on him to get back to you in the required time frame‘.

Key clients

Asian Development Bank

JBIC

I-Squared Capital

Macquarie Capital / Green Investment Group

DBS Bank

World Bank Group

ING Bank

Bank of China

China Construction Bank

Freepoint Commodities Singapore

Bank of Baroda

CDC Group

Islamic Corporation for the Development of the Private Sector

Australia and New Zealand Banking Group

Brunei Economic Development Board

United Overseas Bank

Mining Industry Indonesia (MIND ID), formerly PT Indonesia Asahan Aluminium

Habib Bank Limited

Societe Generale

Asian Development Bank

Infrastructure Development Company Limited (IDCOL)

OPEC Fund for International Development (OFID)

Islamic Corporation for the Development of the Private Sector (ICD)

ABN AMRO Bank

BNP Paribas

Bank of Montreal

Commonwealth Bank of Australia

Natixis

Infrastructure Development Company Limited (IDCOL)

OPEC Fund for International Development (OFID)

Work highlights

  • Advising Woodside Energy on the Scarborough Upstream Project, valued at approximately $10bn, which includes the delivery of raw feed-gas at the Pluto Train 1 project, modifications to Pluto Train 1, the development of Pluto Train 2, and the development of all associated infrastructure.
  • Assisting the Asian Development Bank, as lead transaction advisor to the Government of Indonesia, with the South Tangerang Waste to Energy Project in Indonesia.
  • Advising Hengyi Industries Sdn Bhd on the $13.7bn phase 2 expansion of an integrated crude oil refinery and aromatics complex on Pulau Muara Besar Island in Brunei Darussalam.

Baker McKenzie Wong & Leow

The team at Baker McKenzie Wong & Leow has capabilities that span the entire life cycle of a project, from structuring, assessment, development and financing through to sale and purchase. The group is particularly noted for its expertise in Indonesia, Thailand, Vietnam and other emerging markets. Practice head Martin David is capably assisted by recommended practitioners Kim Hock Ang, Andrew Zaw and Dennis Lim. The offering was recently strengthened further by the relocation of Stephen Clugston from the Tokyo office; Clugston brings with him extensive experience advising on work in Indonesia and will act as a bridge between the Singapore and Jakarta offices, as well as a key contact point for Japanese clients.

Practice head(s):

Martin David

Key clients

JERA Power International

Reliance Bangladesh LNG & Power Limited

APG

DBS Bank Limited

Standard Chartered Bank Limited

Work highlights

  • Advising Reliance Bangladesh LNG and Power on the $665m development and financing of a 718MW combined cycle Meghnaghat II gas-fired power project in Bangladesh.
  • Advising APG on its potential acquisition of a hydropower portfolio comprising projects in the Philippines and Laos, with a gross operational capacity of 1,200MW.
  • Instructed as DBS Bank and Standard Chartered Bank’s (the lenders’) foreign legal counsel in relation to the project financing of a 100MW wind farm project in Amreli, Gujarat, India by Vena Energy Shivalik Wind Power, with Vena Energy entities in Singapore as shareholders and sponsors.

King & Spalding LLP

In addition to advising on all aspects of the development and financing of a wide range of complex energy and infrastructure projects, the team at King & Spalding LLP also regularly assists with project-specific acquisitions, divestments and joint venture arrangements. Leading export credit agencies and multilateral banks form a core part of the firm’s client base. The key names to note within the practice are managing partner Kelly Malone, who co-heads the global power team, and Simon Cowled, who specialises in cross-border energy and infrastructure M&A and project finance transactions. Also notable are Anthony Patten and Lachlan Clancy, who both arrived from Shearman & Sterling LLP in 2020.

Practice head(s):

Kelly Malone; Simon Cowled

Other key lawyers:

Lachlan Clancy; Anthony Patten

Testimonials

‘Remarkable in their experience of FSRU and LNG-to-Power projects worldwide.’

‘Partners are always full of solutions and ideas, backed by experiences, and precedents.’

‘Always seek for “agreeable” positions, which both client and the counterpart can accept.’

‘Understand the business perspective, and provide suggestions based on experiences. Timely in providing the product.’

Key clients

Scatec Solar ASA

Puerto Rico Electric Power Authority

Giga Ace 4, Inc., a subsidiary of AC Energy Inc.

Mitsui & Co., Ltd.

Petroliam Nasional Berhad

Consortium of Korea Electric Power Corporation and Korea East-West Power Corporation

Greenko Ventures Limited

PT Halmahera Persada Lygend

Work highlights

  • Advised the Puerto Rico Electric Power Authority on the $5bn restructuring of its LNG-to-power program with Gas Natural Aprovisionamientos SDG of Spain and EcoEléctrica, jointly owned by Naturgy, Mitsui and Engie.
  • Advising J-ARC, a joint venture between Mitsui & Co and Japan Oil, Gas and Metals National Corporation, on its LNG offtake from the Arctic 2 LNG Project in Russia.
  • Advising Mitsui & Co on its exit from coal fired power generation assets in China, Indonesia and China, as part of its global strategic initiative to achieve a net zero emissions target by 2050.

Latham & Watkins LLP

Latham & Watkins LLP is regularly involved with the region’s landmark projects and infrastructure transactions and has recently been instructed on a number of significant lender and sponsor mandates concerning some of the largest deals in the LNG, petrochemicals, and renewables sectors. The geographic scope of the firm’s work extends across the whole of the Asia Pacific region, with the group also frequently advising Asian clients on transactions outside the region. Practice head Stephen McWilliams splits his time between the Singapore and Tokyo offices, cementing the close ties which exist between the two. Clarinda Tjia-Dharmadi, who has significant expertise in the Indonesian oil and gas sector, is another key contact.

Practice head(s):

Stephen McWilliams

Other key lawyers:

Clarinda Tjia-Dharmadi

Key clients

Asian Development Bank

INPEX Corporation

Japan Bank for International Cooperation

Marubeni Corporation

Mizuho Bank

Nippon Export and Investment Insurance

Pengerang Energy Complex Sdn Bhd

PT Pertamina

Export-Import Bank of Korea

Tokyo Gas

Work highlights

  • Advised Japan Bank for International Cooperation, Nippon Export and Investment Insurance, and other export credit agencies and commercial bank lenders on the $8.3bn refinancing of the Ichthys LNG project in Australia.  
  • Advised Air Products & Chemicals, a global leading provider of industrial gases, on the development of a world-scale coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia.
  • Assisted the Asian Development Bank and Deutsche Investitions-und Entwicklungsgesellschaft with their financing of the construction and operation of a 35MW solar power plant in Paturia, Manikgonj, Bangladesh.

Mayer Brown

Sponsors, lenders, governments and investors value the offering at Mayer Brown particularly for its projects expertise in the power sector, and in emerging jurisdictions such as Myanmar, Pakistan, Vietnam, Thailand and Indonesia. The firm is noted for its growing LNG practice, and is regularly instructed to assist with many high profile and first-of-their-kind projects in this area, not only in the region, but globally; Nick Kouvaritakis is the key contact for this type of work. Other recommended practitioners include Nathan Dodd, who regularly works on Asian investments into the Middle East and Africa, and Ben Thompson, whose focus is on project financing, particularly in the field of renewables.

Practice head(s):

Nathan Dodd; Ben Thompson

 

Other key lawyers:

Nick Kouvaritakis

Key clients

China Light and Power

Marubeni Corporation

Mitsubishi Corporation

Asian Development Bank (ADB)

Électricité de France SA

Kansai Electric

Sembcorp

Mitsui O.S.K. Lines, Ltd

DEG

JERA

MISC

Work highlights

  • Advised ADB, EFA and JICA on the project financing of the 144MW Lotus wind farm in Quang Tri Province, Vietnam.
  • Advising MISC on its bid to Petrobras for the charter of Mero 3, a new-build FPSO designed to produce 180,000 bopd, compress 12 million m3/d of gas and inject 250,000 pbd.
  • Advised H-Energy on its floating storage regasification unit time charter party and regasification service agreement with Hoegh to support H-Energy’s West Coast FSRU/LNG import project in Jaigarh, India.

Dentons Rodyk

With a particular focus on the energy sector, including LNG and renewables, Dentons Rodyk‘s team has extensive experience assisting lenders, sponsors, developers, institutional investors, contractors and operators with major domestic and cross-border project development and financing. Clients from across Southern and Eastern Asia, especially China, regularly instruct the firm. Joo Thye Tan leads the group, with support from Kunal Kapoor, who is noted as a go-to advisor for complicated liquefaction and regasification projects. Fluent Mandarin and English speakers Jonathan Guwe and Loke Wanqing are other key contacts.

Practice head(s):

Joo Thye Tan; Kunal Kapoor

Other key lawyers:

Jonathan Guwe; Loke Wanqing

Testimonials

‘Kunal Kapoor – as it pertains to non-contentious commodities matters, he is a one-man army. He has both the commercial/trading expertise, as well as the financing/LMA rolled into one.’

‘Dentons Rodyk has a broad network of partner law firms in the region that I think have struck the balance of legal risk management and respecting commercial drivers.’

Key clients

PT Pertamina Persero

Pavilion Energy Pte. Ltd.

PT Timas Oceanstar Indonesia

Trafigura Pte Ltd

BW LNG

H-Energy Mideast DMCC

Western Concessions Private Limited

Lukoil

Maybank

Indonesia Infrastructure Bank

Work highlights

  • Advised PT Pertamina Persero, the Indonesian state-owned oil and gas company, on its acquisition of all of Chevron’s interests in the Rokan Production Sharing Contract.
  • Advised Sinenergy Holdings on both the Singapore and English law aspects of the structuring and sale of a 100% interest in a 50MWp solar farm project in Vietnam to a Thai conglomerate.
  • Advised the Indonesian entity in Samko Timber Limited’s group on its acquisition of various forestry concessions in Indonesia, and a joint venture with a local entity to develop, construct, operate and maintain start-up lines together with ancillary facilities for the production of plywood products in Indonesia.

DLA Piper

With highly regarded specialist Vincent Seah at the helm, DLA Piper is well placed to advise across the full range of assets, including infrastructure, oil and gas, and petrochemicals. Co-operating closely with the offices in Tokyo, Bangkok and Shanghai, the offering is able to provide comprehensive assistance in any Asian jurisdiction and has recently been focusing particularly on Indonesia, Vietnam and Myanmar. Additionally, the group is able to leverage its global strength when handling matters in any region of the world.

Practice head(s):

Vincent Seah

Testimonials

‘DLA Piper impresses with the quality of their people and their commitment to giving clients the best team to get the job done without cutting corners. I always feel like I am getting the gold standard of legal services when I get DLA Piper on board to advise me on my projects. They have specialists who understand our business and are able to “talk our talk” which really helps to build trust and assure me that they know what they are doing.’

‘We wanted to work with out long-standing trusted advisor, Vincent Seah. He has advised us on many of our projects in Asia and going back to him was a natural choice because of the level of service he is able to offer. He’s extremely knowledgeable and he is a very skilled negotiator and is adept at finding good commercial solutions to the most difficult issues, which is his key strength. Of course, he has a capable team behind him and they are always responsive, whatever time of the day.’

‘DLA Piper has a diverse and experienced team. In my area, which is project finance, they have shown knowledge and creativity in closing deals.’

‘I have worked with Vincent Seah on various challenging project. He always has an eye for the crux of the problem and offers practical and creative solutions. He also displays intimate understanding of developing markets.’

Key clients

China Huadian

Adaro Power

ENGIE

Global Power Synergy Corporation

Sojitz Corporation

Amazon

Mitsui & Co

ICBC

KEPCO

TTCL Public Company

DBS

Work highlights

  • Advising Ditrolic Solar and China Huadian on the acquisition, development and financing of a 70MWp solar power project in Bangladesh.
  • Advising TTCL Public Company, Sojitz Corporation, INPEX Corporation, Shikoku Electric Power Company, and Chukoku Electric Power Company on all aspects of the development and financing of the 388MW Ahlone LNG-to-power project in Myanmar.
  • Advising Barito Pacific, Korea Electric Power Company and Indonesia Power, in their role as sponsors, on all aspects of the development and financing of the US$3.3bn 2x1000MV Jawa 9 & 10 coal-fired power station in Indonesia, involving Euler Hermes, KEXIM and K-Sure.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP has recently been consolidating its Singapore-based offering, with the relocation of Glynn Cooper – who heads up the firm’s Southeast Asia energy, infrastructure and resources practice – from Kuala Lumpur, and the promotion of transactions and projects specialist Irina Akentjeva to partner. On the financing side, Adrian Cheng remains the key name to note. The strengthened team is thus well placed to assist with all non-contentious and contentious matters which may occur in the life cycle of any project, particularly those based in Indonesia, Brunei, Malaysia, Vietnam and the Philippines.

Practice head(s):

Glynn Cooper; Adrian Cheng

Other key lawyers:

Irina Akentjeva

Testimonials

‘Very experienced and able to quickly and efficiently hone in on issues of concern.’

Key clients

Blueleaf Energy

Pertamina

Brunei Economic Development Board

K-Water

Rosneft

Asia Power Development Platform

Lendlease

Space DC

Yinson

National Environment Agency of Singapore

Tenaga Nasional Berhad

Work highlights

  • Advising the K-Water and PT Adhi Karya (Persero) consortium on its successful bid for the Karian-Serpong bulk water supply project in Indonesia, to be procured on a PPP basis.
  • Advising the Brunei Economic Development Board and the Petroleum Authority of Brunei on the multi-billion dollar ongoing development of Pulau Muara Besar, Brunei.
  • Assisting the Brunei Economic Development Board with the preparation of project and tender documentation for the design, build, finance, operation, and transfer of a Marine Yard Cluster, including a Marine Maintenance Yard and Decommissioning Yard in Brunei Darussalam.

Hogan Lovells Lee & Lee

At Hogan Lovells Lee & Lee, the bulk of the workload consists of advising sponsors and lenders on energy and infrastructure project financings across the Asia Pacific region. Recently, the team has been increasingly focused on renewable energy projects, including solar and wind, and LNG-to-power mandates. The key contacts at the senior level are Samantha Campbell and Alex Wong; the former’s client base includes notable multilateral and bilateral financial institutions, while the latter is particularly active in the Taiwanese offshore wind market. Associate Zack Lin is also recommended.

Practice head(s):

Samantha Campbell; Alex Wong

Other key lawyers:

Zack Lin

Testimonials

‘The lawyers are all friendly and easy to communicate with. They encourage the client to raise all the questions or problems. The billing is clear and open for discussion.’

‘The client can work together with the lawyers and benefit from the teamwork.’

Key clients

Delta Offshore Energy

Cathay Private Equity Ltd. Co.

SN Power

CPC Corporation

Super Solar Energy Co., Ltd.

Work highlights

  • Advising Delta Offshore Energy (DOE) as international legal counsel on all aspects for its project to develop a 3,200 MW LNG-to-Power Plant and related floating storage and regasification unit and terminal at Bac Lieu Province, Vietnam.
  • Advised Cathay Private Equity, as the general partner of Cathay Sustainable Private Equity Fund Limited Partnership, on the fund’s co-investment in the $2.7bn 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Norway-based SN Power on the acquisition of a 100% stake in the 39.4MW Dam Nai wind power project in Ninh Thuan province, Vietnam.

Jones Day

At Jones Day, a team of specialists offers in-depth knowledge and advice across the full spectrum of sectors and areas of projects work. Karthik Kumar regularly advises on the development, financing, sale, and acquisition of complex and high-profile energy and infrastructure projects. Matthew Skinner takes the lead on contentious matters and has extensive experience handling construction disputes in multiple jurisdictions across the world.

Practice head(s):

Karthik Kumar

Other key lawyers:

Matthew Skinner

Testimonials

‘Strong coherence , integrity and communication.’

‘High dedication, level of involvement and interest in details.’

‘Responsive and collaborative ethos, delivery is adapted to reflect needs.’

‘I am impressed with Jones Day’s understanding and insight.’

Key clients

ATN International, Inc

Babcock Power Inc

GAIL Global Singapore

Vibrant Energy Pte Ltd

Westpac Banking Corporation and State Bank of India

Consortium of sponsors consisting of The Power and Water Utility Company for Jubail and Yanbu (Marafiq), AlAmwal AlKhaleejiah AlThaniya, and Veolia Middle East

Work highlights

  • Advised ATN International on the sale of a majority stake in its renewable energy subsidiary Vibrant Energy Holdings to Macquarie-owned renewable energy development platform, Blue Leaf Energy Asia.
  • Advised the Ministry of Communications and Information Technology (Indonesia) on the initial tender and procurement, and subsequently the successful financial closing, of a $550m Government Multifunction Satellite PPP project.
  • Advised a consortium of sponsors, consisting of The Power and Water Utility Company for Jubail and Yanbu (Marafiq), AlAmwal AlKhaleejiah AlThaniya, and Veolia Middle East, on the project and financial close of the Jeddah Airport 2 Independent Sewage Treatment Plant Project located in the Kingdom of Saudi Arabia.

Pinsent Masons MPillay

Pinsent Masons MPillay is noted particularly for its strong track record in Belt and Road Initiative work. The firm regularly advises Chinese state-owned enterprises on energy and infrastructure projects across Asia Pacific, the Middle East, Africa, Europe and Latin America which the group works closely with colleagues in Beijing and Shanghai to provide a global service to such clients. The core contacts are James Harris, who is known for his extensive experience of assisting with PPPs across Asia; David Platt, who is well versed in power-related projects; and Ian Laing, who regularly handles projects involving joint venture participants. Renewables specialist William Stroll is a recent addition from Herbert Smith Freehills LLP.

Practice head(s):

James Harris

Other key lawyers:

David Platt; Ian Laing; William Stroll

Key clients

Asian Development Bank (ADB)

International Finance Corporation

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

Bank of China

Consortium of Cobra Instalaciones y Servicios SA (Cobra) and International Water Distribution Company LLC (Tawzea)

Work highlights

  • Advising the Asian Development Bank on its proposed project finance assistance to the sponsor of the six lane 50.8km Anandapuram–Pendurthi-Anakapalli highway project in Andhra Pradesh, India.
  • Advising the consortium of CRRC and CRRC Zhuzhou Locomotive Company on Mexico City’s Metro (STC) Line 1 modernisation project.
  • Advised the 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.

Reed Smith LLP

At Reed Smith LLP, institutional infrastructure investors and developers, private equity houses, oil and gas majors and global commodities companies all form part of the notable client roster. The team has recently been through a period of change and consolidation. Manoj Purushothaman whose experience across South East Asian jurisdictions is a real asset to the group, and mining expert Johnny Lim arrived from Bryan Cave Leighton Paisner LLP and Shook Lin & Bok LLP, respectively; former group lead Bree Miechel, meanwhile, departed to join Ashurst‘s Australia office. Kohe HasanGerald Licnachan and Matthew Gorman also remain key contacts.

Practice head(s):

Kohe Hasan; Gerald Licnachan

 

 

Testimonials

‘This team has strong presence in the East Asia and Southeast Asian regions. Their partners, not just associates, remain involved in projects that they handle throughout. They have expertise in oil and energy, particularly renewables. They are also good in collaborating with local firms and can quickly adapt project structures to the requirements of local laws.’

‘I commend Matthew Gorman and Gerald Licnachan for their eagerness and open-mindedness in understanding and appreciating local laws and taking them into account in project or transaction documentation. Their sharing of their experiences and insights in other jurisdictions in resolving or addressing issues is also valuable in transactions with international components.’

‘Strong understanding of commercial issues.’

‘The team is commercially savvy and understands the structure of transactions well.’

‘Gerald Licnachan is competent, efficient, and responsive. He understands the transaction well and provides sound legal advice.’

Squire Patton Boggs

Squire Patton Boggs has latterly been focused on expanding its offering; a number of key recent hires has strengthened the firm’s capabilities across the entire project life cycle, in a wide range of sectors. April 2020 saw the arrival of energy, natural resources and transportation expert Brian Gordon, formerly of HFW Singapore LLP. In January 2021, the acquisition of Kate Sherrard and senior associate Bernice Chia from Clifford Chance greatly enhanced the group’s maritime expertise. Rounding off the list of new team members, senior associate Jevgenia Serper joined from Baker McKenzie Wong & Leow in April 2021, and highly regarded practitioner Ivan Chia was welcomed from HFW Singapore LLP in September 2021.

Other key lawyers:

Bernice Chia; Jevgenia Serper

Work highlights

  • Advised China Merchants Shekou Industrial Zone Holdings on its joint venture with Viking Cruises to establish China’s first Chinese-flagged luxury cruise company, China Merchants Viking Cruises.

Addleshaw Goddard

Addleshaw Goddard stands out for its deep industry knowledge; Ton Van Den Bosch, who heads up the Singapore office, is known especially for his expertise in the area of ports and terminals, as well as the agriculture and energy sectors. Another key contact is Chau Ee Lee, whose extensive dispute resolution experience, especially in relation to construction and engineering, allows the firm to easily handle contentious projects work, and advise on dispute avoidance.

Practice head(s):

Ton Van Den Bosch; Chau Ee Lee

Testimonials

‘Ton Van Den Bosch is a very experienced practitioner, knowledgeable in ports and shipping. He is also very approachable.’

‘International presence and experience.’

‘Very pleased with our co-operation with Ton Van Den Bosch.’

‘Ton Van Den Bosch has a detailed knowledge of the ports, maritime and oil and gas sectors in APAC and Africa. His passion for these sectors is also very evident in his strong industry network.’

Key clients

Strukton

AquaGro

Cairn Energy plc

Curve Marine Pte Ltd

Huisman Equipment

Port of Rotterdam

Blue Ocean Capital

Work highlights

  • Advising rail and infrastructure conglomerate Strukton on project structuring and back-to back supply and services agreements for the third runway at Hong Kong International Airport.
  • Advising Cairn Energy on the $4.2bn offshore Sangomar field development, including assisting with project development, structuring, financing and the deployment of an FPSO.
  • Advising Blue Ocean Capital on the acquisition of Rotterdam Short Sea Terminals and its maritime infrastructure.

Akin Gump Strauss Hauer & Feld LLP

At Akin Gump Strauss Hauer & Feld LLP, the focus is on energy and natural resources projects, with the team providing advice all the way through the value chain, including assisting with exploration and production, joint venture structuring and negotiations, development and offtake. Clients range from public and private companies, to sponsors and portfolio companies as well as governments; Japanese corporations form a core part of this roster. Paul Greening is the key name to note.

Practice head(s):

Paul Greening

 

Testimonials

‘We highly value their expertise on cross-border projects (especially in energy industries).’

Key clients

Energy Capital Vietnam

The J Power Group

Apache

Anadarko Singapore (now Total E&P Singapore)

Hopu Investments

Tellurian Investments Inc.

Ad hoc group of senior unsecured creditors of Noble Group Limited

Informal Steering Committee of Noteholders of Hyflux Limited

Valero Energy Corporation

GAIL Group Companies, including GAIL Singapore

CKR Resources Pte Limited

Vitol Inc.

ENEOS Corporation

ITOCHU Group companies, including ITOCHU Corporation, ITOCHU Australia Ltd, ITOCHU Singapore Pte Ltd and ICRA MC Pty. Ltd.

Barrick Gold

Mitsui & Co., Ltd.

Toyota Tsusho Corporation

Blackpeak Group

Jiangxi Copper

Work highlights

  • Advising Energy Capital Vietnam on the development of a private LNG import terminal and gas-fired power plant, with an anticipated size of up to 3,200MW, in Mui Ke Ga, Binh Thuan Province, Vietnam.
  • Advising Electric Power Development Corporation on its participation in a world-first project to produce hydrogen from Australia’s vast brown coal reserves in the Latrobe Valley in Victoria, Australia.
  • Advising GAIL, a major wholesale distributor of petroleum products, on a number of LNG sale and purchase agreements.

CMS Holborn Asia

Blank

K&L Gates Straits Law LLC

K&L Gates Straits Law LLC advises clients from the initial investment phases to the development phases of projects, assisting with portfolio expansion, as well as handling any dispute resolution issues which may arise. Regional state-owned companies are a particularly key source of instructions. Group lead Lian Yok Tan was recently joined by experienced practitioner Marius Toime, formerly of Bryan Cave Leighton Paisner LLP; Toime has a particular focus on the developing markets of Southeast Asia.

Practice head(s):

Lian Yok Tan

 

Other key lawyers:

Marius Toime

Key clients

Beijing Gas Singapore Pte Ltd

Borneo United Consortium Sdn Bhd

Chalco

Foran Energy Sourcing and Trading HK Limited

PT ANTAM Tbk

PT Pertamina (Persero)

PT Perusahaan Gas Negara Tbk

Qingdao Beihai Heavy Shipbuilding Industry Co., Ltd

Shell

Taiwan Power Corporation

Work highlights

  • Advising Pertamina, Indonesia’s national oil company, on the development and financing of a proposed $8bn world-class scale naphtha cracker plant and downstream derivative units in Balongan, Indonesia.
  • Advising the Taiwan Power Company on its first two gas/LNG to power projects in Taiwan.
  • Advised ANTAM, Indonesia’s leading metals and mining company, on the $254m turnkey engineering, procurement and construction contract for its East Halmahera Ferronickel Plant construction project.

Linklaters

Under the co-leadership of Xylia Sim in Singapore and David Holme in Jakarta, the Linklaters offering functions as a seamless co-operation between the two offices. Renewables projects are a key area of focus for the team. The group is also increasingly involved with mandates involving cross-border investments into Indonesia. Christopher Bradley is another key name to note.

Practice head(s):

Xylia Sim; David Holme

Other key lawyers:

Christopher Bradley

Testimonials

‘Strong expertise on project finance and market knowledge/application in multiple jurisdictions; commercial sensible approach; great on management of local counsel and local law issues.’

‘Xylia Sim is great and part of a good team that are effective in allowing clients to work towards deadlines. Great understanding of legal issues and market positions.’

Key clients

BP

China Light and Power (CLP)

Diamond Generating Asia Limited

Macquarie Infrastructure

Medco

Melco

Mitsui & Co., Ltd.

Olam International

Olympus Capital Asia

Ørsted (formerly DONG Energy)

PTT GC

RATCH Group Public Company Limited

Thai Oil Public Company Limited

MUFG

Mizuho

SMBC

BNP Paribas

Natixis

ING Bank

Societe Generale

Standard Chartered Bank

Japan Bank for International Cooperation

Nippon Export and Investment Insurance

IFC

ADB

Export-Import Bank of Korea (K-Exim)

Work highlights

  • Advising more than 10 international commercial banks, as lenders, on the financing of the construction of a portfolio of 1.69GW hybrid solar wind projects in India by subsidiaries of Adani Green Energy Limited.
  • Advised DP World, as its international and Indonesian law legal counsel, on the proposed development and operation of a container terminal and industrial logistics park in East Java, Indonesia, and related joint venture arrangements with Caisse de dépôt et placement du Québec and PT Pelabuhan Indonesia Maspion.
  • Advising JBIC, ADB and commercial lenders on the project financing of the 2,500MW Gulf gas-fired IPP in Thailand, sponsored by Mitsui & Co and the Gulf Energy Development Public Company.