King & Spalding LLP > Singapore, Singapore > Firm Profile

King & Spalding LLP
9 RAFFLES PLACE #31-01
REPUBLIC PLAZA
SINGAPORE 048619
Singapore

Singapore > Energy: foreign firms Tier 1

King & Spalding LLP has a substantial commitment to energy, across M&A, project development and project finance, and disputes. The firm is especially known for oil and gas, including LNG, though it has a recognised record in conventional power and renewables. The Singapore office routinely advises on big-ticket projects across Asia Pacific and around the world, and it continues to be at the forefront of industry trends such as LNG-to-power, battery storage and solar power. The arrival of Anthony Patten and Lachlan Clancy from Shearman & Sterling LLP in September 2020 has further deepened the office’s expertise in LNG, and the broader energy sphere. Richard Nelson remains a leader in the LNG segment, with Kelly Malone and Simon Cowled widely recognised for their expertise in conventional power and renewables. Merrick White went to McDermott Will & Emery UK LLP in March 2021.

Practice head(s):

Kelly Malone; Richard Nelson; Simon Cowled; Anthony Patten

Other key lawyers:

Testimonials

‘Very strong energy focus. Expert in all aspects of LNG infrastructure.’

‘Lachlan Clancy – excellent negotiator, patient, and extremely commercial and practical. quality drafter too.’

‘Anthony Patten – very statesman-like, superb communicator with superior client skills.’

‘The team overall in Singapore and globally works cohesively as one unit and is supportive of everyone wherever a project is located. King & Spalding is innovative in the manner in which they are able to finalise transactions even in the most challenging circumstances.’

‘Without question, Richard Nelson is the top energy lawyer in Singapore and among the top three attorneys for energy projects in all of the Asia-Pacific region. Richard’s expertise and skills are broad and cover the spectrum from LNG to renewables to traditional oil & gas and finance matters. Richard provides excellent value to King & Spalding clients and is creative in finding solutions to complicated legal and commercial issues.’

Key clients

Scatec Solar ASA

Puerto Rico Electric Power Authority (“PREPA”)

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

H-Energy Mideast DMCC

Mitsui & Co., Ltd.

Singapore LNG Corporation Pte Ltd (SLNG)

Petroliam Nasional Berhad (PETRONAS)

Work highlights

  • Advised PREPA during the $5bn restructuring of its LNG-to-Power programme with Gas Natural Aprovisionamientos SDG of Spain (Naturgy) and EcoEléctrica, L.P. jointly owned by Naturgy, Mitsui and Engie.
  • Advised Scatec during the negotiation and signing of an agreement to acquire 100 % of the shares in SN Power AS with renewable energy assets located in Southeast Asia, Africa and Central America.
  • Advised Mitsui 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.

Singapore > International arbitration Tier 1

King & Spalding LLP‘s disputes team is a popular choice for corporate and commercial disputes in the oil and gas, construction and infrastructure sectors as well as with investors in public international law claims against states. Practice head and ‘excellent advocateWade Coriell  is noted for energy sector disputes, and head of construction disputes Emerson Holmes is a key contact for infrastructure projects. The ‘excellentPeter Chow‘s broad practice covers energy, construction, commercial issues while for investment treaty arbitration Elodie Dulac is noted. The team’s ‘very deep bench‘ also includes senior associates Jia Lin Hoe and Anisha Sud. The team recently hired Nils Eliasson who has particular experience in the energy, infrastructure, and telecommunications sectors; he joined from Shearman & Sterling in April 2022.

Practice head(s):

Testimonials

King & Spalding’s team has by far the deepest bench in the field.’

Peter Chow is an excellent and professional counsel, not only very helpful to our case but also very responsible and patient in introducing the legal and procedural knowledge in relation to the litigation. He is very capable in meeting with the needs of clients for both usual legal consulting and certain special urgent legal problem-solving.’

The team has a very deep bench in international arbitration, both commercial and investment treaty. They are very easy to work with and are very thorough.’

Wade Coriell is very hardworking and thorough and is able to simplify technical matters in even the most complicated arbitrations. An excellent advocate.

Elodie Dulac is very systematic and thorough in making her arguments. She ensures that the evidence and legal support for arguments are strong.

Key clients

Shell Philippines Exploration BV

Chevron Corporation

Min Fengzhen

AsiaPhos

Chevron Overseas Finance GMBH

Woodside Energy Ltd.

BP

BHP

Chevron Thailand Exploration and Production, Ltd.

PT Kalimantan Jawa Gas

National Grid Corporation of the Philippines

Goldstar Heavy Industrial Co (Guangdong Huanghe Industry Group)

Work highlights

  • Represented Chevron in an investment treaty arbitration against the Republic of Ecuador seated in the Hague, arising from a $9.5bn Ecuadorian court judgment against Chevron for alleged environmental harm caused by historical oilfield operations.
  • Representing Shell in an ICSID arbitration against the Republic of the Philippines in a US$1.5bn dispute relating to the allocation of petroleum revenues earned by Shell (one of the oil majors involved in the Malampaya gas project, which pertains to the dispute) under a petroleum service contract with the State.
  • Represented a subsidiary of one of the largest conglomerates in the Philippines in a $1.5bn shareholder dispute relating to shares in a holding company owning interests in major Philippines infrastructure projects.

Singapore > Projects: foreign firms Tier 2

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):

Other key lawyers:

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.

Singapore > Banking and finance: foreign firms Tier 3

King & Spalding LLP‘s ‘seamless‘ banking and finance team advises global and regional banks, credit funds, corporates and private equity sponsors on a wide range of cross-border financings. The group is increasingly involved in novel mandates, including in relation to pre-payment financings and sustainable lending. Andrew Brereton who is considered an 'unsurpassed' finance lawyer, heads the team. Associate Soumya Bhagavatula has developed a strong reputation in the private equity space and is deeply involved in sustainable lending issues.

Practice head(s):

Andrew Brereton

Other key lawyers:

Soumya Bhagavatula; U-Glen Lim

Testimonials

‘King & Spalding’s Singapore finance practice immediately raised itself to the upper echelon of finance in Asia with the hiring of Andrew Brereton a couple of years ago. The team is smart, responsive, and effective.’

‘Andrew Brereton is unsurpassed as a finance lawyer in Asia. For any financier, he is a reliable first stop. He has the experience, knowledge and work ethic to help deals succeed. He also has extraordinary people skills for a senior finance lawyer. Soumya Bhagavatula is an outstanding associate who will no doubt become an influential partner in her own right.’

‘The team works seamlessly with clients to ensure that their best interests are met from a legal perspective, while ensuring that a transaction is driven to closing and that commercial interests are also met.’

‘Andrew Brereton is a trusted adviser who truly understands a clients needs and internal processes and will work to ensure these are met.’

Key clients

Asia Capital Reinsurance Group Pte. Ltd.

Star Energy Geothermal

Bumi Armada

Keppel Capital Holdings Pte. Ltd

Mitsui & Co., Inc.

Bank of Philippine Islands

Pierfront Capital Mezzanine Fund Pte. Ltd.

Nomura

Work highlights

  • Advised Star Energy Geothermal on the successful refinancing of its US$1.25bn senior secured facilities with a landmark US$1.1bn green bond issuance and the termination of its associated interest rate swap positions with its syndicate of mainly Asian lenders and hedging providers.
  • Advised Greenko on the M&A and financing aspects relating to a strategic sale of warrants and shares in Greenko Energy to Orix Corporation. Greenko Energy is one of the largest independent renewable power producers in India with an operational capacity of c.4.1 GW across wind, solar, hydro and thermal energy projects.
  • Advised a Singapore-based data centre developer on its S$70m term and revolving green loan facilities (one of the first Singapore Dollar financings to adopt the Singapore Overnight Rate Average for its day-1 interest rate) for its improvement of an existing data centre asset in Singapore.

Singapore > Corporate and M&A: foreign firms Tier 3

A firm traditionally dominant in the energy sector, King & Spalding LLP has expanded to the banking, insurance, healthcare, food and beverage, consumer and private equity sectors over recently years, bolstered by the arrival of practice head Lee Taylor in 2018. Taylor is a veteran of countless cross-border M&A and private equity transactions and is supported by Richard Nelson, Simon Cowled and Anthony Patten who respectively provide the group with transactional prowess in the oil and gas, energy, power and LNG industries.

Practice head(s):

Testimonials

‘The team works seamlessly with clients to understand their commercial as well as legal requirements and will work to ensure these are met.’

‘The team shows great knowledge of M&A in our industry as well as our business. They are very responsive to our needs.’

‘Simon Cowled is very responsive and has a great ability to analyze and explain clearly complex legal issues. ’

 

Key clients

Conrad Petroleum Ltd.

Apollo Global Management

International SOS

Bumi Armada

MMI

Greenko Ventures Limited

Mitsui & Co., Ltd.

JERA & Co., Ltd

Cerberus Capital Management

Work highlights

  • Advising Scatec Solar ASA on the  acquisition of 100 % ofSN Power AS, a leading hydropower developer and independent power producer, with renewable energy assets located in Southeast Asia, Africa and Central America.
  • Advising a private equity company on a competitive process to invest a total of US$250m into a private hospital in Malaysia.
  • Representing Greenko Ventures Limited in connection with its minority stake sale of equity interests in Greenko Energy Holdingsto Tokyo-listed ORIX Corporation.

Philippines > Foreign firms Tier 2

King & Spalding LLP has a long-standing reputation in the Philippines for its strong disputes work. Wade Coriell heads the disputes practice and has acted as lead counsel on matters for a number of multinational companies including Chevron, Shell and San Miguel Holdings. Coriell was lead partner in the victory for San Miguel in its ICC arbitration against Padma Fund. The firm is equally experienced in cross-border energy M&A and project finance transactions, having advised Giga Ace on its procurement of a battery energy storage system from SAFT (Zhuhai) Energy Storage, which will provide energy services to the country’s national transmission grid. Simon Cowled specialises in cross-border energy M&A and project finance transactions. Kelly Malone co-heads the Global Power Team from Singapore.

Practice head(s):

Key clients

Bank of The Philippine Islands

Shell Philippines Exploration

National Grid Corporation of the Philippines

Chevron Overseas Finance GMBH

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

Cerberus Capital Management

Work highlights

  • Advised BPI on a $100m bridge loan financing for Del Monte Pacific, one of the largest Filipino food and beverage MNCs.
  • Represented Shell Philippines Exploration and National Grid Corporation in two of the most important arbitration matters in the Philippines to date.
  • Represented the NGCP in an UNCITRAL Rules arbitration administered by the Singapore International Arbitration Centre against two Philippine government-owned and controlled parties, the Power Sector Assets and Liabilities Management Corporation and the National Transmission Corporation.

Asia Pacific: Regional International Arbitration > Leading firms Tier 3

King & Spalding LLP‘s impressive Singapore-based team handles commercial and investor-state disputes with particular oil and gas, construction and infrastructure sector specialisms. Wade Coriell and Simon Dunbar are key contacts for commercial disputes while for investment treaty issues Elodie Dulac is noted.

Practice head(s):

Wade Coriell

Other key lawyers:

Simon Dunbar; Elodie Dulac; Emerson Holmes

Malaysia > Foreign firms Tier 3

King & Spalding LLP  specialises in LNG, oil, gas and power matters. It assists with structured project financing, the resolution of construction disputes and investment treaties. Based in Singapore, the key names to note are infrastructure expert Kelly Malone  and international arbitration specialist Donny Low.

Other key lawyers:

Indonesia > Foreign firms Tier 4

King & Spalding LLP has particular experience advising on M&A, financing and restructuring transactions in the LNG, oil and gas sectors. Dispute resolution is another key area of work. Andrew Brereton has a strong energy background and has been active in the sustainable lending space, working on clean energy and sustainability-linked financings. Merrick White left to join McDermott Will & Emery LLP in June 2021.

Practice head(s):

Richard Nelson; Simon Cowled; Andrew Brereton

Key clients

Star Energy Geothermal

Mitsui & Co., Ltd.

Conrad Petroleum Ltd

Work highlights

  • Advised Star Energy Geothermal on the successful refinancing of its $1.25bn senior secured facilities, and the termination of its associated interest rate swap positions with its syndicate of mainly Asian lenders and hedging providers.
  • Represented a subsidiary of one of the largest Philippine conglomerates, in a shareholder dispute against Indonesian entities (Claimants), relating to shares in a holding company that owns interests in major Philippine infrastructure projects.
  • Advising Mitsui & Co. on its strategic exit of coal fired assets in China, Indonesia and Malaysia as part of its global strategic initiative to achieve net zero emissions by 2050.

Japan > Projects and energy: International firms and joint ventures

King & Spalding‘s energy and project practice is considered as one of the go-to firms for Japanese and Korean clients looking to instruct attorneys in high-value and often cross-border transactions. In 2020, the team advised on over $98.5bn of transactions, exemplifying its strength in the petrochemical, gas, and renewable sectors. John McClenahan leads the practice and specialises in acting for sponsors and lenders in energy and infrastructure projects development, financing and M&A mandates. Lachlan Clancy who joined from Shearman & Sterling LLP’s Singapore office and Mark Davies are also key individuals and have been instrumental in achieving the aforementioned figure. The team also welcomed senior counsel Michael Arruda who joined from Baker Botts L.L.P. to add to the firm’s oil and gas expertise. Senior associates Daisuke Shimodaira and Jonathan Wang, and counsel Aaron Lee are also recommended.

Practice head(s):

John McClenahan

Testimonials

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

‘King & Spalding have an excellent energy and power team. Mark Davies and his colleagues have worked with us on numerous wind power projects. They are able to work on the project documents for the renewables projects along with the finance documents. The same team will also work on the JV agreements to ensure all the legal agreements work as a set. Not many other teams can do this in such an efficient manner in order to achieve the best results.’

‘The team works hard to understand our particular issues and are accommodating on billing requests. K&S’ data room is also an invaluable resource’.

‘Mark Davies is an outstanding lawyer who brings a high degree of expertise and market knowledge to our transactions. Moreover, Mark is an excellent negotiator and that has been very helpful in closing deals. Mark and his team are also very responsive.’

‘Experience in the FPSO (offshore oil & gas infrastructure) industry differentiate K&S from others. Capable partners, together with also sufficient capable associates comprising the team.’

‘They have the capacity to make a excellent team from various fields to give one-key solution.’

‘The experience in the wind industry, the fluency in the local language, the deep understanding of the business culture and nuances that Mark Davies has acquired in Japan, helps us in the negotiation and contracting, with various parties, very effectively to close our deals.’

‘The K&S team aptly deals with our requirements greatly with our desired turn around time.’

Key clients

Japan Bank for International Cooperation

Mitsui & Co., Ltd.

MODEC Inc

Korea Electric Power Company

JERA, Inc.

Posco International Corporation

Sumitomo Mitsui Banking Corporation

Marubeni

Keppel Capital

Japan Wind Development Co., Ltd.

PT Halmahera Persada Lygend

Work highlights

  • Advising PETRONAS on the development of the Pengerang Integrated Refinery and Petrochemical Complex in Malaysia.
  • Advising JBIC on the project financing of the US$2.5 billion Vung Ang II 1,200 MV coal-fired IPP in Vietnam.
  • Advising a developer and its consortium partners on the US$43billion Shwe gas project in Myanmar.

India > Foreign firms

King & Spalding LLP has outstanding strengths in disputes and international arbitration and the financing realms. This is combined with corporate transactions and project development matters. It has an exceptional range of expertise in energy sectors in relation to India-based deals. Lawyers work principally out of the USA, London, Geneva, Singapore and Tokyo. Andrew Brereton (Singapore) attracts complex financing mandates relating to the Indian market and is winning work in the green energy space, including wind and solar projects and is considered by one client to be ‘unsurpassed as a finance partner‘. Nikhil Markanday advises on mergers and acquisitions, and joint ventures from London, as does Rahul Patel from Atlanta, all with an India nexus. Thomas K. Sprange QC and John Savage QC are leading practitioners in disputes and international arbitrations, which are often high-stakes finance or projects cases in the power, mining, or oil and gas sectors. Sajid Ahmed is also noted for his experience in arbitration matters relating to India.

Testimonials

‘King & Spalding’s Singapore finance team knows India. They have a depth of experience and are highly skilled at navigating a jurisdiction that presents formidable regulatory challenges. Particularly when it comes to offshore structures that provide robust onshore protections without sailing too close to the FEMA wind, King & Spalding delivers.’

‘The team of Andrew Brereton (partner) and Soumya Bhagavatula (associate) is excellent on India deals. Andrew is unsurpassed as a finance partner. Soumya is a capable, hardworking rising star in finance law in the region.’

Key clients

Nomura Singapore Limited

Greenko Ventures Limited

Reliance Industries Limited (India)

IGE Group

Aditya Birla – Novelis

Work highlights

  • Acted for Reliance Industries on its acquisition of Niko Resources’ 10% shareholding in the eastern offshore KG-D6 block following the settlement of its arbitration with Reliance and BP for US$36 million.
  • Represents Reliance in an arbitration seated in New Delhi under the UNCITRAL Arbitration Rules relating to a production sharing contract with the Indian Government, with the other two co-claimants being BP Exploration (Alpha) Ltd and Niko (Neco) Ltd, in a dispute relating to cost recovery issues under a contract and over US$3 billion is at stake.
  • Advised Nomura in relation to a facility to Blue Planet, a Singapore headquartered integrated waste management company, in connection with its strategic acquisition of a key minority stake in Zigma Global Environ Solutions Pvt Ltd, India’s largest landfill mining company.

Latin America: International firms > Projects and energy

King & Spalding LLP is a longstanding leader in Latin America oil and gas projects, most notably LNG projects and transactions in Mexico and Brazil. Much of the Latin America practice currently centres on natural gas supply agreements, LNG export and import projects, upstream projects, and financing of oil rigs and FPSOs. The firm's global commitment to these areas has earned it an impressive international client base, which includes Japanese and other Asian sponsors. A team led by Tokyo partners John McClenahan and Mark Davies advised MODEC, Mitsui & Co, Mitsui OSK Lines and Marubeni Corporation as sponsors and Buzios5 MV32 as borrower, on the project finance facility for the development of a floating production storage and offloading (FPSO) vessel to be deployed in Brazil and time chartered to Petrobras. Singapore partners Kelly Malone and Anthony Patten are also active in Latin America projects. Houston's Scott Greer and Washington DC partner James Bowe are active in oil and gas and power projects in Mexico and other Latin American jurisdictions. Houston partner David Lang is also recommended for LNG projects.

Practice head(s):

Scott Greer

Testimonials

‘Their impressive experience in LNG projects and deep understanding of related commercial and operational aspects.’

‘David Lang is an extraordinary lawyer, capable of providing the most effective, objective and commercially sound advice.’

Key clients

Chevron Corporation

MODEC, Mitsui & Co, Mitsui OSK Lines

Puerto Rico Electric Power Authority (PREPA)

Joint venture of Grupo Gondi and WestRock Company

Sempra Energy

Mexico Pacific

NIC Holding Corporation

Arroyo Energy Investment Partners

Pemcorp

Cosan

Work highlights

  • Advised MODEC, Mitsui & Co, Mitsui OSK Lines and Marubeni Corporation as sponsors and Buzios5 MV32 as borrower, on the project finance facility for the development of a floating production storage and offloading (FPSO) vessel to be deployed in Brazil and time chartered to Petrobras.
  • Advised PREPA on the further renewal, modernisation and transformation of Puerto Rico’s electric system through the restructuring of its LNG-to-power programme with Gas Natural Aprovisionamientos SDG of Spain (Naturgy) and EcoEléctrica.
  • Advised IFC and other lenders on the successful Porto de Acu LNG to power project developed by BP and Siemens in Brazil.

The firm: Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,200 lawyers in 22 offices in the United States, Europe, the Middle East and Asia. The firm also represents hundreds of clients with new ventures and mid-sized companies in emerging industries.

The firm has handled matters in over 160 countries on six continents and is consistently recognised for the results it obtains, its uncompromising commitment to quality and its dedication to understanding the business and culture of its clients.

 

DepartmentNameEmailTelephone
International arbitration
Energy transactions practice
LNG
Global disputes
Oil and gas
Global power practice
Project finance
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John Savage  photo John Savage He has more than 20 years experience representing governments, corporations and high-net-worth…
Contacts : Kelly Malone (mkmalone@kslaw.com)