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Milbank
21F MIDTOWN TOWER, 9-7-1 AKASAKA
MINATO-KU
TOKYO 107-6221
Japan
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Milbank > The Legal 500 Rankings

Japan > Projects and energy: International firms and joint ventures Tier 1

Aled Davies heads Milbank’s project, energy and infrastructure finance team, as well as the banking and finance practice, acting for Japanese financial institutions and development finance institutions on significant project finance mandates. Andrew Pendleton also counts a number of ECAs among his clients. The group is active across the power production and transmission, minerals and transportation sectors and particularly prominent in the oil and gas industry, where it is involved in both upstream oil and gas exploration and LNG projects. Justen Fleming brings particular expertise in the LNG sector and is involved in a number of LNG project financings. The team also counts battery chain projects as a particular area of recent growth, with an increasing number of mandates from international clients.

Practice head(s):

Aled Davies

Other key lawyers:

Andrew Pendleton; Justen Fleming; Anthony Scott

Testimonials

‘Excellent service and strong sector knowledge and experience.’

‘Justen Fleming was great to work with. He has strong commercial awareness and the ability to walk you through complex legal structures.’

‘The Tokyo projects and energy practice is headed by  Aled Davies, who is a legendary lawyer in the Tokyo market. In addition to their legal expertise, what makes this team unique is strong negotiation capabilities. The team always guides and leads its clients to a successful negotiation outcome.’

‘Aled Davies is a legendary partner in the market against whom every peer benchmarks themselves. He stands out from peers in every aspect.’

‘What makes Milbank unique compared to others is that the firm takes care about developing and nurturing junior lawyers. They work closely to each other, sharing top-tier legal knowledge and complementing each other. This working style is quite unique compared to other firms.’

Key clients

Japan Bank for International Cooperation

The Bank of Tokyo Mitsubishi UFJ

Nippon Export and Investment Insurance

Sumitomo Mitsui Banking Corporation

Total S.A

Export-Import Bank of China (“CEXIM”)

Mizuho Bank, Ltd.

BNPP (BNP Paribas)

Société Générale

AfDB

BPI France

EDC (Export Development Canada)

EIB (European Investment Bank)

Export-Import Bank of China

Industrial and Commercial Bank of China

Korea Eximbank

Equinor

Yinson Boronia Production B.V.

Sumitomo Corporation

Marubeni Corporation

Work highlights

  • Advised a lender group of ECAs and international financial institutions on financing the development of a high voltage direct current subsea transmission system in the United Arab Emirates issued by Abu Dhabi National Oil Company and Abu Dhabi National Energy Company PJSC.
  • Representing the sponsors, including Total, Exxon Mobil and Santos, and certain companies representing the State of Papua New Guinea in the financing of the development of an LNG plant and associated infrastructure for the production of gas and condensate.
  • Advising the lenders and agents in connection with the post-restructuring phase of the project financing for the $8.8bn Ambatovy nickel and cobalt mine in Madagascar.

Japan > Banking and finance: International firms and joint ventures Tier 2

The team at Milbank regularly advises well-known domestic financial institutions, international development finance institutions, and export credit agencies, as well as banks and multinational companies in Asia, the US, and Europe. Aled Davies heads up the team and is particularly well known for infrastructure and natural resources mandates, with expertise in complex asset and project finance transactions. The practice also assists with ECA-backed financings, as well as restructurings and acquisition finance issues. Associate Lewis Blundell is complimented as ‘a great negotiator‘, while Andrew Pendleton is described by clients as a ‘talented lawyer‘.

Practice head(s):

Aled Davies

Other key lawyers:

Lewis Blundell; Andrew Pendleton

Testimonials

‘Exceptionally high expertise and quality of advice by individual lawyers.’

‘Lewis Blundell is a great negotiator who has organised and harmonised our discussions while clearly advocating our position to others with different cultures and ways of thinking during negotiations.’

‘Andrew Pendleton is a talented lawyer.’

Key clients

Japan Bank for International Cooperation

The Bank of Tokyo Mitsubishi UFJ

Nippon Export and Investment Insurance

Sumitomo Mitsui Banking Corporation

Mizuho Bank, Ltd.

BNPP

ING

Société Générale

AfDB

BPI France

EDC

EIB

Export-Import Bank of China

Industrial and Commercial Bank of China

Korea Eximbank

Yinson Boronia Production B.V.

Crédit Agricole CIB

Sumitomo Corporation

Work highlights

  • Advised a lender group of export credit agencies and international financial institutions on financing the development of a high voltage direct current subsea transmission system in the United Arab Emirates issued by Abu Dhabi National Oil Company and Abu Dhabi National Energy Company PJSC.
  • Advised the lenders and agents in connection with the post-restructuring phase of the project financing for the $8.8bn Ambatovy nickel and cobalt mine in Madagascar.
  • Advised JBIC, Nippon Export and Investment Insurance and commercial lenders on the project financing of the Libra MV31 floating, production, storage and offloading vessel which will be deployed in the Mero Field in Brazil by a consortium led by Petrobas.