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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Iain Duncan

Tel:
Work 020 7825 3137
Email:
Simmons & Simmons

Work Department

Projects.

Position

Iain is a partner in the firm’s projects group. He has extensive experience of advising on transactions around the world in the mining, natural resources, energy and infrastructure sectors. In these sectors, he has acted upon a wide range of projects, advising on partnering arrangements (including contractual and corporate joint ventures), share acquisitions and equity and debt finance, asset purchase, construction, processing, transportation, offtake and operation and maintenance arrangements, as well as advising upon licensing issues in the natural resources sector and on development/investment agreements with host governments. Iain has also spent six months on secondment at an international energy/natural resources major. He regularly speaks at or chairs national conferences in the natural resources sector and is known by clients as having “a good understanding of projects and attendant risks, and he is good at finding solutions to problems”.. Iain also sits on the Council of MinSouth (the London based society for the Institute of Materials, Minerals and Mining). Recent work includes advising a Russian-based investment vehicle in relation to a uranium mining joint venture in Mongolia and a major Chinese mining company in relation to a coal mining project in Mongolia; on the partnering and financing arrangements for a copper and gold mining company with assets throughout Sumatra, Indonesia; in relation to the acquisition of a coal mining project in Mozambique; an international power company in relation to its bid for the Kosovo e Re lignite to power project to secure mining rights for about 330 million tons of lignite from the Sibovc South area to supply both units of a 1,238 MW power project; in relation to iron ore projects in Cameroon and the Republic of Congo, including in relation to infrastructure development issues; upon a mining joint venture in Gabon including in relation to port and rail infrastructure; Teesside Gas and Liquids Processing in respect of a project with (among others) RWE in relation to the construction and operation of a new pipeline and related infrastructure to process North Sea gas from the Breagh field and in relation to gas processing, allocation, operation and maintenance and offtake agreements; upon the financing of AES Corporation Kribi power project in Cameroon; and several rail companies (including Network Rail) in relation to various contractual arrangements, including advising NR in connection with the High Speed 1 rail link.

Career

Trained Simmons & Simmons LLP; qualified 2004; partner 2012.


London: Finance

Emerging markets

Within: Emerging markets

Simmons & Simmons' presence in emerging markets deals is due in part to its sector focus, which sees it act for asset managers, investment funds, financial institutions and companies in the TMT and life sciences industries. It has a long track record of complex and high-value project finance transactions, notably in the power, LNG, mining and pipeline sectors. For lenders International Finance Corporation, European Bank for Reconstruction and Development and Commercial International Bank (Egypt), the practice handled the project financing of a bulk liquids terminal at Sokhna Port in Egypt. Another highlight saw it act for the government of Kenya in the commercialisation of oil reserves in the Lokichar basin, which involved two projects with a combined value of $5bn. Leading light John Sayers 'is able to advise lenders on a number of different financing aspects and share insight into international best practices', says a client who comments that 'I have worked with a fair number of London-based lawyers and John stands out as one of the most talented amongst them'. Other key lawyers are banking partner Omar Al-Ali; energy and infrastructure partner Adam Cooper; Adrian Nizzola, who has 33 years’ experience in the energy and infrastructure sector; LNG projects partner Andrew Petry; emerging markets funds finance specialists Jen Yee Chan and Cindy Valentine; structured capital markets specialist David Toole; and Iain Duncan for equity and debt financings. Managing associate Simon Kenolty, who handles energy, water and mining projects, is a rising star.

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London: Projects, energy and natural resources

Mining and minerals

Within: Mining and minerals

Clients describe the 'utterly reliable' mining offering at Simmons & Simmons as 'extraordinarily well suited to handle the most complex and difficult assignments' especially for 'Francophone countries where they are simply the best'. Orion and Fusion Capital instructed the group to handle the sale of Lynx Resources - the owner of the Sasa zinc, lead and silver mine in Macedonia - to Central Asia Metals, and the client-recommended Yves Baratte teamed up with Iain Duncan , Adam Cooper and Andrew Petry to oversee a major equity and debt investment into a major bulk commodity mining project on behalf of two private equity funds. The arrival of Stuart Dutson from Eversheds Sutherland (International) LLP significantly bolstered the firm's international arbitration capacities namely for cases pertaining to Africa, China and the Middle East; he is currently acting for the government of Indonesia in a bilateral treaty arbitration brought by Indian Metals & Ferro Alloys in the context of an investment in a coal mine in Kalimantan.

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Power (including electricity and renewables)

Within: Power (including electricity and renewables)

Simmons & Simmons holds a strong track record in the power sector, especially for the financing and development of solar projects in the UK and abroad, and large-scale power projects in the Middle East and Africa. In recent highlights, practice head Patrick Wallace and Andrew Petry advised the lender consortium on the debt financing of the Markbygden wind farm in Sweden, and Iain Duncan continued to assist Mainstream with its renewable energy joint ventures with private equity investor Actis pertaining to its generation plants in Africa and Chile. Also notable are Steven McNab and Adrian Nizzola who handled substantial mandates in the renewables space. The team recently welcomed finance expert Jen Yee Chan and corporate partner David Parkes from King & Wood Mallesons, and real estate and professional indemnity specialist Emily Monastiriotis arrived from Womble Bond Dickinson (UK) LLP .

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