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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

Patrick Wallace

Tel:
Work 020 7825 3082
Email:
Simmons & Simmons

Work Department

Projects.

Position

Patrick is an energy and infrastructure lawyer. He has many years of experience of power, oil and gas and infrastructure work. He acts on a wide range of transactions, covering projects, joint ventures, private M&A and asset acquisitions, privatisations, commercial contracts and trading and regulatory work. He has a broad-ranging practice both in the UK and internationally, where he has particularly strong experience in Central and Eastern Europe and South Asia. Patrick’s power sector expertise covers thermal, nuclear, and renewables generation, emissions trading, transmission, supply and distribution. He was heavily involved in establishing the UK power market at privatisation and in its subsequent reform; and he has worked on many major power projects and acquisitions in the UK, mainland Europe and Asia since the early 1990s. His other energy and natural resource experience includes oil and gas pipelines, refineries, supply contracts, oil and gas acquisitions and mining and water sector transactions.

Career

Trained Freshfields; qualified 1987; Freshfields Bruckhaus Deringer for over 20 years, including partner for 15 years and a period as managing partner of the Frankfurt office; visiting scholar at the University of California Berkeley while researching as Harkness Fellow in the US; partner Simmons & Simmons 2007.

Languages

Fluent French and German.

Education

King’s College London (1986 first class honours law degree); University of Paris 1 (1982 Maitrise en Droit); Harvard University (1992 LLM).


London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)

Within: Infrastructure (including PFI and PPP)

Simmons & Simmons is an experienced adviser to the central government on transport, waste, energy and defence infrastructure mandates, but also has international PPP and PFI capabilities. Practice head Richard Dyton is currently acting for Momentum Infrastructure - a joint venture of three leading contractors - in its bid for enabling and civil work contracts on the HS2 network, while Adrian Nizzola and Patrick Wallace are leading to advice to the government of Kenya with regards to the commercialisation of the large oil discovery in the Lokichar basin. On the financing side, Adam Cooper assisted a group of lenders including the IFC with the financing of a bulk liquids terminal for the import and storage of gasoil, LPG and LNG. Andrew Petry , Juliet Reingold and managing associate Simon Kenolty are also key names. Other notable clients include the MoD, the EBRD and TfL.

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Oil and gas

Within: Oil and gas

Simmons & Simmons 's Adam Cooper advised the lenders on the project financing of a bulk liquids terminal for the import and storage of gas oil, LPG and LNG in Egypt alongside Adrian Nizzola . Also notable on the projects front is Patrick Wallace 's work for the Bulgarian state gas company with regards to the Greece-Bulgaria international pipeline as well as its participation in the Alexandroupolis LNG project in Greece, and the commercialisation of the Lokichar Basin oil discovery through two separate infrastructure projects on behalf of the government of Kenya. Michael Gavey oversaw the formation of a $1bn collaborative investment fund designed to tackle climate change on a global level on behalf of the World Economic Forum, and Jayne Bentham is currently representing a Turkish state entity in ICC arbitration proceedings pertaining to the construction of a pipeline as well as in enforcement proceedings in Jersey.

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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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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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