Projects: foreign firms in Singapore

Allen & Overy LLP

Allen & Overy LLP's sizeable projects team has decades of experience in advising on complex projects throughout South East Asia. While the core focus of the team remains the energy sector, including oil and gas, renewables, and waste-to-power facitilies, it is also involved in telecoms and infrastructure projects. In addition to advising on the development of projects, the team advises on financing and re-financings. Practice head Jason Humphreys has broad experience across this area, and also has general experience in banking and finance work. Scott Lovell focuses on energy, particularly LNG and gas, while Bimal Desai transferred from A&O's Dubai office in May 2019, bringing with him strong links to the oil industry.

Practice head(s):

Jason Humphreys

Testimonials

‘The team is made up of fantastic individuals with solid caliber, deep experience in the region who are dedicated and most importantly, pleasant to work with even under the harshest of conditions. The team can work round the clock for days on complex legal analysis and yet stay positive and inspire others to carry on and do the best. Unlike many large international firms, their team does not have the imposing “know it all” attitude that really makes working with them a lot of fun.’

Key clients

Standard Chartered

Marubeni Corporation

Edra Power

Sumitomo Mitsui Banking Corporation (SMBC)

Pertamina

Sembcorp

Mitsubishi UFJ Financial Group (MUFG)

Japan Bank for International Cooperation (JBIC)

Sumitomo Corporation

Asian Development Bank

Work highlights

  • Advised the joint lead managers and trustee on the USD1.163bn repackaging of the project financing for Mong Duong 2 power project through a combination of project bonds and traditional bank debt.
  • Advising the lenders including ECAs in relation to the financing of the RDMP Balikpapan Refinery Upgrade Project, Phase I, in Indonesia.
  • Advised Ichthys LNG Pty Ltd as borrower in relation to the refinancing of the Ichthys LNG Project.

Clifford Chance

Clifford Chance stands out from other firms in Singapore for the broad range of projects it advises on. In addition to upstream, midstream, and downstream energy projects, the firm has recently advised on large-scale sports facilities, motorways, airports, data centres, and industrial facilities. In the energy sector, it acts on renewables and fossil fuels, as well as floating LNG vessels and floating production, storage and offloading units. The practice is led by Nicholas Wong, Matthew Buchanan, Ross Howard, and Kate Sherrard. Wong also co-heads the global projects team and acts on projects across Asia, while Buchanan heads the construction team. Howard and Sherrard both focus on energy, and Sherrard is particularly active in maritime and off-shore energy projects.

Testimonials

‘Ross Howard is highly dependable to effectively advise clients on major M&A and project financing transactions involving major projects (like infrastructure and energy projects). He has a deep knowledge of the relevant law and sector and is able to provide effective advice in a commercially savvy manner to assist our investments team in achieving positive results.’

 

Key clients

Macquarie Capital

Overseas Private Investment Corporation (OPIC)

International Finance Corporation (IFC)

Japan Bank for International Cooperation (JBIC)

The Export-Import Bank of Korea (KEXIM)

Asian Development Bank (ADB)

ING

SMBC

Mizuho

Changi Airports International

Work highlights

  • Advised ABN AMRO Bank N.V., Clifford Capital Pte. Ltd., ING Bank N.V. and Natixis as mandated lead arrangers on the US$700 million financing for the conversion of the LNG carrier Gimi into an FLNG vessel.
  • Advised KrisEnergy on its proposed divestment of a portfolio of assets in Thailand, Indonesia and Bangladesh, including the sale of its participating interest in the Andaman II block in Indonesia to BP, which is in connection with its debt moratorium status pursuant to section 211B of the Companies Act.
  • Advised Macquarie Capital and Swancor Renewable as the lead sponsors on the NT$62.4 billion (US$2 billion) financing of the development and construction of the Formosa 2 offshore wind farm in Taiwan.

Latham & Watkins LLP

Latham & Watkins LLP is known for its work on the financing and refinancing of projects, as well as advising on commercial contracts for their development. The team’s work focuses on the energy and mining sectors, and the firm is active on many of the largest oil and gas projects in the region. Practice head Stephen McWilliams splits his time between Singapore and Tokyo; the practice frequently works alongside Latham’s offices around the region, reflecting the regional scope of its work. Clarinda Tjia-Dharmadi leads on Indonesian work.

Practice head(s):

Stephen McWilliams

Other key lawyers:

Clarinda Tjia-Dharmadi

Key clients

Asian Development Bank (ADB)

INPEX Corporation

Japan Bank for International Cooperation (JBIC)

Marubeni Corporation

Mizuho Bank

Nippon Export and Investment Insurance (NEXI)

Pengerang Energy Complex Sdn Bhd

PT Pertamina (Persero)

PT Pertamina EP Cepu

Tokyo Gas

Work highlights

  • Represented a group of export credit agencies and a consortium of commercial bank lenders in the refinancing of approximately US$8.3 billion for the Ichthys LNG project in Australia. This transaction is reported to be the largest ever refinancing of a project finance facility.
  • Represented the sponsor, PT Pertamina EP Cepu, in the project development and financing for the Jambaran-Tiung Biru Project (JTB Project), involving the construction and development of a gas processing facility and pipelines, with an expected allocation of 192-MMSCFC to the gas offtaker located in Bojonegoro Regency, East Java, Indonesia. The JTB Project was among the largest upstream oil and gas projects to reach financial close in Indonesia in the past decade.
  • Advised Air Products, a global leading provider of industrial gases, in its US$2 billion investment to develop a world-scale coal-to-methanol production facility in East Kalimantan, Indonesia.

Milbank

With a focus on the financing and refinancing of projects, Milbank's projects team is experienced in advising on matters in the oil and gas, renewables, and mining sectors. In addition to energy work, it also handles industrial and hospitality developments across Asia, advising both lenders and sponsors. Practice head James Murray is well-regarded for his work on project financing, as is energy specialist James Orme. Andrew Gibb was promoted to senior counsel in January 2020 and is another key contact.

Practice head(s):

James Murray

Other key lawyers:

James Orme; Andrew Gibb

Testimonials

‘The team is one of the stronger legal teams in the energy sector. The team is very focused, systematic, and goal-oriented.’

Key clients

Japan Bank for International Cooperation (JBIC)

Nippon Export and Investment Insurance (NEXI)

The Export Import Bank of Korea (KEXIM)

Korea Trade Insurance Corporation (K-sure)

Asian Development Bank (ADB)

Marubeni Corporation

Sumitomo Corporation

Mitsui Corporation

Engie

Adaro

Udenna Corporation

PT Lestari Banten Energi

ANZ

Bank of China

BNP Paribas

CACIB

CCB

CIMB

Citibank

DBS

HSBC

ICBC

ING Bank

Intesa SanPaolo

JP Morgan Chase

Maybank

Mizuho

MUFG

OCBC

SMBC

Standard Charter

Societe Generale

Work highlights

  • Advised the ECAs and commercial banks on the financing for the development of a refinery and petrochemical integrated project (RAPID) in Southern Johor, Malaysia.
  • Advised the lenders in connection with the development and financing of the 275MW a CCGT in Indonesia.
  • Advised the lenders in the US$1.8 billion financing of the Jambaran Tiung Biru gas field unitization project for PT Pertamina EP Cepu

Shearman & Sterling LLP

Shearman & Sterling LLP's work in energy projects encompasses oil and gas, renewables, and power generation infrastructure. Alongside its offices across Asia, the Singapore practice is very active in advising on projects in countries such as Indonesia, Vietnam, Pakistan, Myanmar, and Nepal. The team also provides input on projects in Africa and South America. Practice heads Ben Shorten and Bill McCormack are highly experienced in advising sponsors and lenders involved in energy projects. Anthony Patten has moved to King & Spalding LLP.

Practice head(s):

Ben Shorten; Bill McCormack

Key clients

International Finance Corporation (IFC)

Japan Bank for International Corporation (JBIC)

Export-Import Bank of Korea (K-EXIM)

Asian Development Bank (ADB)

ACWA Power

ENGIE (formerly GDF Suez)

PETRONAS

Golar LNG

Adaro

Clifford Capital

Work highlights

  • Advised Malaysian national oil company PETRONAS on its US$15 billion (approximately US$10 billion of senior debt) project financing relating to its joint venture with Saudi Aramco in Malaysia.
  • Advised Mong Duong Finance Holdings B.V. in its offering of US$678.5 million 5.125% Senior Secured Notes due 2029 and execution of a US$402.7 million Senior Secured Loan Facility provided by an international syndicate of commercial bank lenders, for the purpose of acquiring all of the outstanding project financing loans of AES Mong Duong Power Company.
  • Advised International Finance Corporation on the financing of six wind power projects, with a combined capacity of 310MW, in the Jhimpir wind corridor in Sindh province, Pakistan.

Ashurst LLP

Ashurst LLP stands out for the breadth of its projects practice, which encompasses work in energy, transport and industry; within the energy sphere, the team handles oil and gas, renewables, LNG, and waste-to-energy projects. The Singapore team is active across the region, working in conjunction with Ashurst's other offices in Asia. The practice is led by Andrew Digges and Daniel Reinbott. Reinbott is particularly noted for his work in the LNG space, while Alfred Ng focuses on project financing. The team was bolstered by the arrival of Michael Harrison from Ashurst's Sydney office; Harrison is deeply experienced in a range of projects work. Andrew Roche joined the firm in January 2021.

Practice head(s):

Andrew Digges; Daniel Reinbott

Other key lawyers:

Alfred Ng; Michael Harrison

Testimonials

‘What makes this practice unique is Michael Harrison. He would, without doubt, be the best legal practitioner I have ever dealt with in my 35 years of industry experience.’

‘Michael Harrison is a standout for a number of reasons, firstly because of his legal acumen and expertise, but backed up with his can-do, get it done, keep it simple approach. I find this unique, particularly at the level within and the industry sectors that Mr Harrison operates in.’

 

Key clients

JBIC

DBS Ltd

ING Bank

Bank of China

China Construction Bank

Karkey Karadeniz Elektrik Uretim (and Kar Powership Indonesia)

Freepoint Commodities Singapore

Bank of Baroda

CDC Group

Islamic Corporation for the Development of the Private Sector

ANZ

Brunei Economic Development Board

Work highlights

  • Advising China Construction Bank, Bank of China, and Bank ICBC Indonesia on the project financing of the 2x300MW Sumsel 1 IPP located in South Sumatra, Indonesia. The sponsors of the project are China Shenhua Energy and PT Lion PowerEnergy.
  • Advising CDC, HBL, FBL and a number of other banks on the financing of the Indus, Liberty 1 and Liberty 2 wind power projects (the “Projects”) in Sindh province, Pakistan.
  • Advising the developer / project sponsors on the East Rockingham Waste to Energy Plant.

Baker McKenzie Wong & Leow

Baker McKenzie Wong & Leow is active in a wide spectrum of projects work, including development, financing, mergers and acquisitions involving project assets, and regulatory advice. The team's work is varied, from off-shore wind developments in Taiwan to industrial smelters in Indonesia. In addition to acting for sponsors and developers from around the region, the team also advises Singaporean companies on cross-border matters. Martin David has over 25 years' experience in projects work, while Ang Kim Hock  is also well-regarded.

Practice head(s):

James Huang; Martin David

Other key lawyers:

Ang Kim Hock

Testimonials

‘The team assembled by B&M is a highly responsive, qualified, and very friendly team. They are good at adjusting to a client’s needs and espite not being a “super”-client (our jobs had been quite small in the past) it was always possible to get a personal date with the partner in charge or the relevant associates. They made it possible to attend short-noticed negotiations in other places like Singapore thereby managing the associated law firm very well.’

‘Highly to be recommended is Martin David, head of the projects practice, who is not only a very smart negotiator (helping to balance especially poorly advised opponents in order to get the deal done) but also able to rethink strategy for the client based on many years of experience. His associates Sarah Stokoe is a real asset, calm and patient, smart and always on top of things.’

 

Key clients

Asian Development Bank

Gulf Energy

STEAG GmBH

JERA Asia Pacific

UPC

BP Singapore

Copenhagen Infrastructure Partners

Work highlights

  • Advised Gulf PD Company Limited (a subsidiary of Gulf) as borrower, in relation to the development and financing of the 2,500 MW combined cycle gas turbine power plant to be located in Rayong Province, Thailand.
  • Advised ADB on financing for the BTS Pink and Yellow lines, one of the very few mass rapid transit projects in the region to be privately financed.
  • Acted on the acquisition of a material stake in the Meghnaghat II 720 MW gas-fired power project in Bangladesh, including full due diligence and negotiation of the transaction documents.

Jones Day

Jones Day acts on global projects in sectors including telecoms, transportation, energy, residential, and public infrastructure. The team particularly stands out for its work on public-private procurement (PPP), advising lenders, sponsors, and governments on these matters. Practice heads Julien Reidy and Karthik Kumar have substantial experience in the projects sphere, with Reidy focusing on energy and transportation and Karthik Kumar specialising in renewable energy transactions. Alex Cull is noted for his work on upstream, midstream and downstream oil and gas.

Practice head(s):

Julian E. Reidy; Karthik Kumar

Other key lawyers:

Alex Cull

Key clients

Aurecon

Babcock Power Inc

GAIL Global Singapore

Glencore Singapore Pte Ltd

Madagascar Ministry of Energy, Water and Hydrocarbons

Ministry of Communications and Information Technology (Indonesia)

Shapoorji Pallonji Infrastructure Capital Company Pvt. Ltd.

UPL Limited

Vibrant Energy Pte Ltd

Westpac Banking Corporation and State Bank of India

Work highlights

  • Represented the Ministry of Communications and Information Technology (Indonesia) in connection with its procurement of a billion dollar Government Multifunction Satellite Public Private Partnership (PPP) Project known as “SATRIA”, a first of its kind project for Asia.
  • Advised Innogy SE in its strategic partnership with Asia Cement Corporation to develop an offshore wind project with an installed capacity of up to 448 MW located off the northwest coast of Taiwan near Hsinchu City.
  • Acted as lead international counsel on the full tender, contracting and negotiations for the $600 million Metro Express project, the largest single infrastructure project successfully closed to date in Mauritius. Also assisted with the finalization of subsidy funding on a government to government basis with India, and continued to support the project after the appointment of the winning bidder through the drafting and enactment of new rail and roads related legislation in Mauritius and the drafting, negotiation and finalization of the operating concession arrangements.

King & Spalding LLP

King & Spalding LLP's projects practice focuses on energy projects, across the sectors of renewables, power, and oil and gas. The team's oil and gas work covers upstream, midstream and downstream developments, and in addition it is increasingly active in LNG work. The practice is led by Kelly Malone, who focuses on power projects, Richard Nelson, who leads on LNG work, Merrick White, and Simon Cowled. White's practice includes LNG, oil and gas, and power work, while Cowled specialises in M&A transactions related to projects. Lachlan Clancy joined from Shearman & Sterling LLP while Anthony Patten has moved in the opposite direction.

Mayer Brown

Focusing on power infrastructure, Mayer Brown is known for its work on projects across South East Asia.The practice has been active in the country following the lifting of sanctions on projects including natural gas and renewable energy facilities, as well as transport infrastructure. The team also handles a range of matters in Vietnam, such as renewables and LNG, and provides input on LNG-to-power facilities worldwide. The practice is led by Nathan Dodd, Nick Kouvaritakis, and Benjamin Thompson. Dodd and Thompson are active in project financings, while Kouvaritakis specialises in LNG and oil and gas work.

Key clients

China Light and Power

Marubeni Corporation

Mitsubishi Corporation

Asian Development Bank (ADB)

Électricité de France SA (EDF)

Kansai Electric

Sembcorp

Mitsui O.S.K. Lines, Ltd (MOL)

DEG

JERA

Work highlights

  • Advised MOL, as FSRU operator and sponsor, in relation to the Jawa 1 LNG-to-Power Project, Indonesia.
  • Advising the project company in relation to the development of the 671 MW Shweli-3 hydropower project in Myanmar.
  • Advising the lenders to Sembcorp in relation to the development and financing of the Myingyan 225MW gas-fired Independent Power Project (IPP) in Myanmar.

Norton Rose Fulbright

Led by Nick Merritt, Nicky Davies, and Stephen Begley, Norton Rose Fulbright has a diverse projects practice covering all of South East Asia. In addition to advising the sponsors and lenders on energy projects, the team is also advising in the financing of hospitality projects, mines, and a satellite. Merritt also acts as the firm's global head of infrastructure, mining and commodities, while Begley focuses on the energy sector. Counsel Laurie Pearson is another key contact in the team.

Other key lawyers:

Laurie Pearson

Testimonials

‘In-depth understanding and vast experience in the operational and commercial aspects of the gas industry.’

‘Stephen Begley shows high level of commitment in delivering the services, is able to provide practical solutions, and is highly committed in meeting the clients’ expectations. He has in-depth understanding of the legal, operational and commercial aspects of the Third Party Access of the gas industry.’

Key clients

Kacific Broadband Satellites Group

K-Water

Hyundai

Bank of China

MUFG

Asia Development Bank

DBS Bank

The Export-Import Bank of China (CEXIM)

VinGroup

AirTrunk Operating Pty Ltd

Global Climate Partnership Fund

Global Petro Storage (GPS) Singapore Pte. Ltd.

Standard Chartered Bank

Natixis

White & Case Pte. Ltd.

White & Case Pte. Ltd.'s Singapore office forms a part of the firm's broader Project Development and Finance team, led by Brendan Quinn and Andrew Clark in Melbourne. The project team has experienced turnover in the last year, with Steve Payne moving to the United States and Saul Daniel moving across from the Houston office. In addition to Daniel, a specialist in oil and gas projects, the team also includes Fergus Smith and Matthew Osborne . The Singapore practice handles a broad range of projects, including energy and transportation; it is particularly recognised for its work in LNG, an area in which it advises on global matters. The team is also involved in growing sectors such as solar batteries and offshore wind.

Practice head(s):

Brendan Quinn; Andrew Clark

Testimonials

‘Exceptional leadership from Andrew Clark, with talented and dedicated support from across Asia, with Matt Osborne is Singapore a real asset to any team. Renewables experience across Asia, including small island economies.’

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

Copenhagen Infrastructure Partners (CIP)

Asian Development Bank (ADB)

Sumitomo Mitsui Banking Corporation (SMBC)

International Finance Corporation (IFC)

Canadian Solar

Stonepeak Infrastructure Partners

I Squared Capital

Work highlights

  • Advised Saudi Arabian Oil Company (Saudi Aramco) on the development and US$9.6 billion project financing of the Refinery and Petrochemical Integrated Development (RAPID) joint venture with Petroliam Nasional Berhad (Petronas) in Johor, Malaysia.
  • Advised Copenhagen Infrastructure Partners (CIP) on the development and US$3 billion (NT$90 billion) project financing of the 589 MW Changfang and Xidao offshore wind project located off the coast of Changhua County, Taiwan.
  • Advised Sumitomo Mitsui Banking Corporation (SMBC) on the project financing of the Summit LNG import terminal located in the Bay of Bengal, Bangladesh. This project is the first commercial bank project financed LNG import facility in Bangladesh.

Dentons Rodyk

Dentons Rodyk & Davidson LLP's projects practice spans project financing, development, and transactions across Asia. In addition to oil and gas, the firm is also engaged in renewables projects as well as non-energy projects such as water treatment plants. The team is led by Joo Thye Tan and Kunal Kapoor. Tan focuses on cross-border energy projects, particularly involving clients from China or Indonesia, while Kapoor offers expertise in oil and gas matters.

Practice head(s):

Joo Thye Tan; Kunal Kapoor

Key clients

Pavilion Energy, Pavilion LNG, Pavilion Gas

China Huadian Engineering Co., Ltd

PT Dharma Hydro Nusantara

Rafako S.A.

Lukoil Asia Pacific

InfraCo Asia Development

Sinenergy Holdings Pte Ltd

Work highlights

  • Engaged to review, draft, negotiate and finalise all the relevant documents relating to the project including LNG supply and handling agreement, operational and scheduling agreement, time charterparty, barge services agreement, terminal use agreement, and a master bunker sales agreement.
  • Advising as lead counsel (English and Singapore law) for China HuadianEngineering Co., Ltd (a Chinese State Owned Entity) in its US$2.3 Billion acquisition of a majority interest in a Vietnam Project Company to develop a 2 X 660MW Coal Fired power facility in Vietnam.
  • Acting as lead counsel, advising a consortium of Indonesian and Chinese entities on the development of the 510MW Batang Toru hydropower plant to be located at Sipirok, South Tapanuli Regency, North Sumatera, Indonesia, comprising of four 127.5MW generating units.

DLA Piper

DLA Piper's projects team experienced significant change in 2019, as Vincent Seah joined the team from Freshfields Bruckhaus Deringer and now serves as practice head. Acting in conjunction with their offices in Tokyo and Hong Kong, the Singapore team is active in energy projects across Asia. It particularly stands out for its work in growing markets such as Myanmar and Bangladesh, where it handles power projects.

Practice head(s):

Vincent Seah

Testimonials

‘To my knowledge, DLA Piper are working on many significant projects. I understand that the firm is advising on most of the significant power projects in Myanmar where DLA Piper is considered as the “go to” firm for projects in that country. It’s impressive how they manage to work on so many of these large deals and get them all across the line.’

‘I know Vincent Seah well from when he was at another firm. Since he joined DLA Piper in Singapore last May, we have not had a chance to work together yet but we are constantly in touch to discuss the projects that are in the market and opportunities to work together. He has a fantastic reputation in the project finance market and has particularly strong expertise advising on power projects in the Asia Pacific. He is a very skilled negotiator and is adept at finding good commercial solutions to the most difficult issues, which is his key strength. He’s advising on many significant projects in South-East Asia and because of his involvement, he has amassed a wealth of knowledge that he is able to tap into when he advises clients on what positions are bankable or what is off-market. For example, he’s advising on almost all the LNG power projects in Myanmar and is the advisor of choice for projects in that country. I think Vincent and his team are right at the very top in terms of their execution ability and reputation. Vincent is well-known to many in the project finance industry and I consider his value proposition superior to other firms that are supposedly highly ranked or more reputable. I thorough enjoyed working with him.’

‘DLA Piper has an incredible network and they are a truly global law firm. They have a strong team who’s been involved in many projects and Vincent Seah’s addition to the team in the past year has deepened their footprint in the projects space. They have an enviable client list and are involved in some very significant projects at the moment, many of which will, again, be the first of its kind. They are also advising on almost all the significant LNG to power projects in Myanmar, where they are really the go-to firm. I consider DLA Piper among the best and we just instructed them on a project in Western Australia a couple of months ago, mainly due to Vincent, as he has been advising us for many years on their projects in Asia. When we procured legal services for this job, we only went out to the top tier firms and DLA Piper was among them and they won the job.’

‘Vincent Seah has always impressed me. He is very energetic, knowledgeable and always keen to support his client. On difficult transactions (on which we have worked on a few!), he’s been instrumental in engaging with all the project participants and he’s extremely diplomatic. What’s really impressive is that he can deliver and address complicated issues in a way that everyone can understand. He’s got tremendous experience and knowledge of the industry and is a very skilled operator. He’s one of the most effective negotiators I have ever worked with and he always delivers good outcomes for his clients. Vincent is truly a trusted advisor who is reliable and always available for us. He understands us and we have built a level of trust over the years that is irreplaceable. I think he belongs right at the top with the best of them!’

‘I worked together with Vincent Seah in Singapore on a project in Indonesia. He is a very skilled negotiator and is adept at finding good commercial solutions to the most difficult issues, which is his key strength and what draws clients to him. He’s also a very likeable person and very easy to work with and he’s able to explain complex issues in a way that is clear and easy for clients to understand.’

‘Through my experiences working with other law firms, I have come to the conclusion that what really matters and makes a difference is the lawyers you deal with as they are the ones executing the deal and the ones that you’re interacting with all the time. Vincent is my trusted advisor and I will work with him and his team whichever firm he goes to (for the right price, of course!). I believe I’m not the only person who feels this way because I’ve seen that many of his clients have followed him to DLA Piper and he’s working on many significant projects, a list of projects that many other firms would envy and be very keen to get their hands on. Because of his pedigree, he’s really strengthened the DLA Piper offering significantly and put them right up there with the best.’

‘The DLA Piper Projects practice is particularly strong in familiarity with the bankability issues and security issues in Southeast Asia projects. What makes DLA Piper unique is the fact that they have done the deals on the ground, having representing both sponsors and lenders at different times. This allows them to better understand the opposite of the table when negotiating a deal and leads to mutually beneficial solutions.’

‘Working with Vincent gives strong comfort that you would get not only the red line issues, but more importantly, also how to resolve those issues in a way which is more likely to get agreement from the opposite side. A deal with Vincent advising is far more likely to find the appropriate solutions and get the deal across the line.’

 

Key clients

China Huadian

Zhefu Holdings

Supreme Trading

TTCL Public Company

Sojitz Corporation

ACO Investments

Ditrolic Solar

Barito Pacific

KEPCO

Indonesia Power

ICBC

China Energy Investment Corp

Veolia

ADB

ChemOne

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP is noted for its focus on large-scale infrastructure projects, including gas and LNG processing plants, ports, and residential developments. In addition to handling financing, the team advises on procurement and construction. The practice is led by David Clinch, Adrian Cheng, and Alastair Henderson. Clinch focuses on energy work, while Cheng handles the financing of projects. Henderson leads on the firm's projects-related disputes work. In handling work across South East Asia, the Singapore team frequently collaborates with the firm's office in Kuala Lumpur, led by Glynn Cooper.

Key clients

AC Energy (Philippines)

Aboitiz Power Corporation

Mabanaft (Marquard & Bahls)

PTT Group (Thailand)

Tenaga Nasional Berhad

Rosneft

Pertamina

Beibu Gulf Holding (Hong Kong) Co Limited

Brunei Economic Development Board (BEDB)

Asia Power Development Platform

CMA CGM

Gazprom

LUKOIL

CGN Energy International

Vena Energy

Vitol

Work highlights

  • Advising PT Pertamina Rosneft Pengolahan dan Petrokimia – a joint venture between Indonesia’s state owned oil and gas company and a major Russian oil and gas business – on the new “Grass Root Refinery and Petrochemical Complex” at Tuban, Indonesia
  • Advising the Brunei Economic Development Board in relation to the development of an integrated refinery and aromatics complex at Pulau Muara Besar, Brunei and related facilities/industries on Pulau Muara Besar
  • Advising two bidders in relation to their bids for greenfield large scale solar power projects in Malaysia

Hogan Lovells Lee & Lee

Hogan Lovells Lee & Lee's Singapore office acts as a hub for its work in projects throughout the region, particularly in Taiwan and Vietnam. This practice focuses on advising sponsors and lenders on energy projects, both conventional and renewable, as well as assisting on M&A deals involving energy assets. In addition to acting on projects within the region, the team also advises Asian clients on investments in energy projects in Africa. The practice is led by Samantha Campbell and Alex Wong.

Practice head(s):

Samantha Campbell; Alex Wong

Key clients

OCBC Bank

MUFG Bank Ltd.

Asian Development Bank

Sojitz Corporation

Super Energy (East) Pte. Ltd.

CPC Corporation

Japan Bank for International Cooperation (JBIC)

GuarantCo

Anglo American Marketing Limited

EDF Renewables

Work highlights

  • Advised OCBC Bank and MUFG Bank, Ltd. on the refinancing of shareholder loans in relation to Changi NEWater II infrastructure project in Singapore.
  • Advised the senior finance parties, including the Asian Development Bank (ADB), GuarantCo., and MEAG (an Munich re and ERGO asset management company) on a US$160m structured satellite financing to Kacific Broadband Satellites International Limited (Kacific) to launch Kacific-1, a hosted payload sharing a Boeing 702-MP spacecraft bus with Japanese operator Sky Perfect JSAT.
  • Advised Japan’s Sojitz Corporation on the purchase of 9.1% of the shares in the 640 MW Yunlin offshore wind farm project off the coast of Taiwan.

Linklaters

Led by Christopher Bradley, Linklaters advises on projects in the energy, telecommunications and transport sector across South East Asia. The team's clients include sponsors, lenders, and developers. Bradley is an experienced project finance lawyer, while Kevin Crombie leads the construction sub-team. Xylia Sim was promoted to Counsel in April 2020 and is also well-regarded for her project finance work.

Practice head(s):

Christopher Bradley

Other key lawyers:

Kevin Crombie; Xylia Sim

Testimonials

‘Great mix of project finance and project development/construction expertise. Excellent strength up and down the ranks. Very responsive, and very commercial. Peerless service.’

‘Stand out individuals include Chris Bradley and Kevin Crombie.’

‘Very responsive, commercial, and excellent sector knowledge. Always ready to perform at top of game. Partners and counsels are very strong. A-grade ranked associates, superb and unrivalled team overall.’

Key clients

BP

China Light and Power (CLP)

Diamond Generating Asia Limited

Glencore

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 (JBIC)

Nippon Export and Investment Insurance (NEXI)

IFC

ADB

Work highlights

  • Advised PT Medco Power Indonesia and RATCH Group Public Company Limited as sponsors on the project financing of a 275MW combined-cycle gas turbine power plant project in Riau province, Indonesia.
  • Advised the lenders on the US$1.366bn project financing of a 2,500 MW natural gas-fired power plant in Thailand.
  • Advised the lenders on the c. US$1.4bn project financing of the 1.8GW Hamriyah gas-fired combined cycle power project in the Emirate of Sharjah, United Arab Emirates.

Pinsent Masons MPillay

Pinsent Masons MPillay handles power and infrastructure matters across Asia, including projects linked to the Belt and Road Initiative. Key contacts in the team include David Platt, Ian Laing, and James Harris.

Addleshaw Goddard

Addleshaw Goddard’s projects practice has developed significantly since practice head Ton van den Bosch joined in February 2019, shortly followed by the addition of Chau Ee Lee in November 2019. In addition to energy work, the core of the firm’s practice is its work on maritime projects, such as ports, marine terminals, and associated infrastructure. Van den Bosch has considerable experience in this field, having previously worked in-house in the marine sector, while Lee is a specialist in construction.

Practice head(s):

Ton van den Bosch; Chau Ee Lee

Key clients

Cairn Energy plc

Port of Duqm Company SAOC

Port of Rotterdam

Work highlights

  • Advising Cairn Energy plc on the USD 4.2 billion Sangomar field development offshore Senegal, including on the on project development, structuring, financing and the deployment of an FPSO.
  • Advising the Port of Rotterdam on the USD 2.6 billion joint venture and brownfield development of the Kuala Tanjung port and industrial estate in the North of Sumatra in Indonesia.
  • Advising a global shipbuilder in respect of a USD 500 LPG Export facility in North America.

Akin Gump Strauss Hauer & Feld LLP

Akin Gump Strauss Hauer & Feld LLP advises on the development of energy projects, as well as transactions involving these assets. The team is active in the fields of oil and gas, particularly upstream, as well as renewable energy, and handles projects in Asia, Australia, and North America. It is especially engaged in advising Japanese companies on projects work. Practice co-head Michael Joyce has over 30 years' experience in this sector, while co-head Paul Greening is active in both development and transactional work.

Practice head(s):

Michael Joyce; Paul Greening

Key clients

Energy Capital Vietnam

The J Power Group (incl. ultimate parent The Electric Power Development Co., Ltd., J-Power Latrobe Valley Pty. Ltd. and J-Power Australia Pty. Ltd.)

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

CKR Resources Pte Limited

Vitol Inc.

JXTG Nippon Oil & Energy Corporation

JX Nippon Oil & Gas Exploration 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

CMS Holborn Asia

CMS Holborn Asia advises on a broad range of projects, both in Singapore and the wider region, including renewables, oil and gas, and other infrastructure projects. This includes assisting on transactions involving projects as well as providing contractual advice related to the construction of projects. The team is jointly led by Adrian Wong, Marc Rathbone, Toby Grainger , Kelvin Aw and Lynette Chew.

Testimonials

‘They run a lean but competent team, with niche expertise and know-how in the development and construction aspects of transport projects, renewable energy projects, upstream oil and gas and petrochemicals. They are particularly experienced in frontier markets in Indochina.’

‘Both Adrian Wong and Marc Rathbone have a very practical approach, and a good knowledge of market practice and how to structure and negotiate deals.’

‘Adrian Wong has great expertise on transport infrastructure and renewable energy projects, and Marc Rathbone is very complementary to the practice with his niche oil and gas and petrochemicals expertise.’

 

Key clients

Public Utilities Board

Gashub

Blue Leaf Energy

Tuas Power

Cleantech Solar

Energy Market Authority of Singapore

ECO Special Waste Management /Macquarie Capital

Siemens Gamesa

Veolia

UK FCO

Tranzone FZCO

PT Sarana Multi Infrastruktur (Persero)

EM Services

Samsung C&T

BP

Work highlights

  • Advising the Public Utilities Board (“PUB”), Singapore’s National Water Agency in relation to the design, build and operation of Singapore’s first large-scale floating solar project which is said to be one of the world’s largest single floating solar photovoltaic (PV) systems.
  • Advising Cleantech Solar on a first-of-its kind transaction involving the sale of Renewable Energy Certificates (“RECs”), with such RECs being issued based on the environmental attributes of the electricity generated from a solar power plant in India.
  • Advising on the development and commercialisation of a significant oilfield in the Philippines. This has included advising on the negotiation, construction and deployment of offshore production infrastructure, on the negotiation of tie-in of possible production from an adjoining field, on Operation and Maintenance issues, and on modifications required to be made to the FPSO in order to increase the production of crude oil and reduce the flaring of associated gas produced from the oil field.

HFW Singapore LLP

HFW Singapore LLP is particularly focused on renewables such as solar energy, biomass, and wind. In addition to advising on the funding of projects, they also act as project counsel and provide assistance on construction. Practice head Ivan Chia has a background in M&A, and now focuses on transactions and contractual agreements in the renewable energy space.

Practice head(s):

Ivan Chia

Testimonials

‘Highly responsive and demonstrate strong legal and commercial knowledge for renewable energy fields.’

 

Key clients

Sunseap Energy

Symbior Solar

K&L Gates Straits Law LLC

K&L Gates Straits Law LLC advises on the financing and development of projects, as well as handling transactions and disputes involving projects. The team is particularly active in advising state-owned enterprises, and its work covers Asia, the Middle East and Africa. The practice is led by Lian Yok Tan; Glenn Cheng departed the team in January 2020, joining Kennedys Legal Solutions.

Practice head(s):

Lian Yok Tan

Key clients

PT ANTAM Tbk

Taiwan Power Corporation

PT Indonesia Chemical Alumina

Evoqua Water Technologies LLC

Reed Smith LLP

Reed Smith LLP advises on projects in the industrial and energy sectors across Asia. The team, led by Bree Miechel, works with Reed Smith's other offices around the world. Miechel is experienced in project work including procurement, concession and offtake agreements.

Practice head(s):

Bree Miechel

Testimonials

‘My experience is that the team at Reed Smith puts their clients first and foremost. They have broad expertise which enables them to advise on nearly any matter which comes up. Reed Smith is our first ‘port of call’ for trade advice, compliance, training, derivatives and GTCs advice.’

‘Dan Perera is a stand-out partner at Reed Smith. He has supported me over the years, providing responsive and commercial advice in all urgent trade and shipping scenarios. Dan has excellent in-house experience which gives him a commercial edge which is rare in private practice lawyers. He ‘gets it’, and understands that you cannot always ‘dot the is and cross the ts’. As well as trade and shipping, we have also received excellent compliance and disputes advice from Dan and his team, with Dan being an expert in force majeure issues, disputes and with a broad knowledge of trade in South East Asia and China issues. Dan recently gave an insightful seminar on Incoterms 2020 and has been providing good LNG support to my LNG desk. Peter Zaman has also assisted my company on its regulatory and derivatives business, and has hosted valuable training for in-house lawyers in Singapore on difficult areas of ISDAs to assist our understanding.’

 

Squire Patton Boggs

Led by Alfred Chia, Squire Patton Boggs handles projects matters for clients, both from Singapore and across Asia. The team is particularly active in advising on project tenders, acting for companies bidding for tenders as well as assisting state bodies with the tender process. The practice also handles transactions involving project assets. Since publication, Ignatius Hwang departed for McDermott Will & Emery LLP.

Practice head(s):

Alfred Chia

Testimonials

‘A well-oiled team that gets the job done. Commercially minded and understands clients’ objectives and needs.’

Key clients

Veolia Environmental Services Asia Pte. Ltd.

Singapore Public Utilities Board

Work highlights

  • Assisting Veolia, a French global water and environmental services company, in relation to the sale of its subsidiary and assets in Singapore. Currently, Veolia is one of the 4 public waste collectors serving the 6 sectors of Singapore.
  • Advised, drafted and evaluated the tender documents and bids for the first brownfield project on a PPP basiss for the Public Utilities Board, and also acted as legal advisors for the entire tender process (which included a pre-qualification stage).

Watson Farley & Williams LLP

Watson Farley & Williams LLP is active across the field of energy projects, including advising on off-shore wind, solar power, and oil and gas infrastructure. In addition to advising on the financing of projects, the team also provides advice on contracts related to tendering and construction. Nick Dingemans leads the Singapore-based team; a corporate lawyer, he focuses on joint ventures, contractual advice, and M&A deals related to energy projects. Andrew Nimmo is known for his work in oil and gas, particularly off-shore projects, while Jon Thursby advises on project financing.

Other key lawyers:

Andrew Nimmo; Jon Thursby

Key clients

Copenhagen Infrastructure Partners

DBS Bank (Taiwan) Ltd

MISC Berhad

Credit Agricole Corporate & Investment Bank

Sapura Energy Berhad

Petrofac (Malaysia) Ltd

Copenhagen Offshore Partners A/S Taiwan Branch (COP)

KfW IPEX-Bank GmbH

Korea Trade Insurance Corporation (K-Sure)

ING Bank N.V.

Work highlights

  • Advising a large syndicate of international commercial banks, life insurance companies and cover providers, including export credit agencies, on the US$3bn project financing of the Changfang and Xidao Taiwanese offshore wind projects.
  • Advising on the estimated US$1.1 billion project financing of an FPSO for a project in Vietnam territorial waters for the Ca Rong Do (Red Emperor) field.
  • Advising on a US$87,142,000 loan facility granted to Malaysia Vietnam Offshore Terminal (L) Limited (a JV between shipping services provider MISC Berhad and PetroVietnam Technical Services (PTSC)) in relation to conversion and operation of an FSO in relation to the Dai Nguyet Development Project, offshore Vietnam.