Milbank > Tokyo, Japan > Firm Profile
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Japan > Projects and energy: International firms and joint ventures Tier 1
Milbank’s projects and energy team regularly acts for both sponsor and lender clients on large-scale project financings across the APAC region as well as globally. The team has recently advised on LNG, energy transition, mining, and renewable energy projects, among others. Practice head Aled Davies has a wealth of experience representing Japanese financial institutions and project sponsors and a particularly strong reputation for his work on oil and gas (including LNG) projects. On the lender side, Andrew Pendleton advises ECAs, DFIs, and commercial banks, while his sponsor-side clients include major oil companies and Japanese conglomerates; he stands out for his mining, petrochemicals, and LNG projects experience. Aaron Mundy is noted for his LNG and renewables expertise, while Justen Fleming stands out for his strong track record in project finance in the LNG segment.Practice head(s):
Aled Davies
Other key lawyers:
Testimonials
‘Aled Davies and Andrew Pendleton are the best partners within this firm.’
‘Andrew Pendleton and his team are professional and very knowledgeable. They are a true pleasure to deal with. I think Andrew and his team are some of the best lawyers I have had the pleasure to interact with!’
‘Aled Davies is a top-notch negotiator and a natural leader in multi-party project financings. His ability to present complex issues and solutions in a synthetic and didactic way to his clients is at the core of his success and client’s satisfaction.’
‘Andrew Pendleton and Aled Davies are exceptional at what they do in a niche market. They have a deep understanding of the sector and can navigate through negotiations with parties that have complex requirements. Their client-handling skills are exceptional. ’
‘The team is very knowledgeable and provides feedback and information promptly and professionally. Whenever I have gone to Milbank for information or opinions, they are courteous, professional and prompt. A real pleasure to deal with.’
‘The team is able to provide clarity in a complex deal with a large group of lenders with different perspectives. ’
‘This firm can provide valuable legal advice to our company, taking into account our specific concerns.’
‘The team has strong sector knowledge and experience as well as a practical and commercial approach with the ability to work through complex and innovative legal structures. Precedents are the crutches of weak minds and this is certainly not the case here!’
Key clients
EIB (European Investment Bank)
AfDB
Japan Bank for International Cooperation
Nippon Export and Investment Insurance
Korea Eximbank
Export-Import Bank of China (“CEXIM”)
EDC (Export Development Canada)
BPI France
Total Energies S.A
ExxonMobil
Santos
JX
The Bank of Tokyo Mitsubishi UFJ
Sumitomo Mitsui Banking Corporation
Mizuho Bank, Ltd.
BNPP (BNP Paribas)
Industrial and Commercial Bank of China
Work highlights
- Advising the sponsors, including Total, Exxon Mobil, Santos and JX, on the financing of the development of the LNG plant and associated infrastructure for the production of gas and condensate from the Elk and Antelope Fields in the State of Papua New Guinea.
- Advising Equinor, a Norwegian state-owned multinational energy company, in connection with feedstock supply and product offtake arrangements with respect to the Pengarang Energy Complex in Malaysia.
- 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.
Japan > Banking and finance: International firms and joint ventures Tier 2
Milbank’s banking and finance team in Tokyo has a particularly strong reputation for handling multijurisdictional project finance matters in the oil and gas, power, and infrastructure spaces. With major borrower and lender clients, including public finance institutions, ECAs, and Japanese financial institutions, the team is regularly involved in high-end mandates. Practice head Aled Davies regularly advises financial institutions, project sponsors, ECAs, and DFIs, among other clients, on project finance matters. Andrew Pendleton is also noted for his expertise in project finance, including project restructurings. Aaron Mundy has recently advised on major LNG and offshore wind project financings.Practice head(s):
Aled Davies
Other key lawyers:
Andrew Pendleton; Aaron Mundy; Lewis Blundell
Testimonials
‘Andrew Pendleton and Aled Davies both stand out.’
‘Aled Davies is a legendary lawyer in the market, who has rich experience and knowledge as well as strong negotiation skills. Lewis Blundell is obvisouly a rising star in the firm and the market. Thanks to his experience as in-house lawyer in JBIC, he understands Japanese corporates/banks/ECAs’ needs, and how to satisfy such needs. This experience has evidently strengthened his communication and negotiation skills.’
‘Andrew Pendleton not only expresses objective legal opinions as a lawyer, but is also extremely good at solving problems, making legal proposals and coordinating solutions that overcome differences in opinion between lenders, sponsors, and local government officials. In addition, he responds very quickly to questions and inquiries.’
‘Milbank’s finance team in Tokyo is one of the best in the market. The team has rich experience, especially in the energy sector, which stands out from its competitors. Furthermore, the team always focuses on being a pioneer in the market, providing cutting-edge solutions to new challenges in first-of-a-kind projects.’
‘I highly appreciate their services – to-the-point and timely, and they have quick understanding of client’s background and intention. They understand the nature of a project and their client.’
‘This team is considered to be an organisation with outstanding expertise in large-scale international resource projects, project finance projects, and restructuring projects, and is considered to have the organisational strength to not only provide legal expertise but also to coordinate the legal aspects of the projects themselves.’
Key clients
EIB (European Investment Bank)
AfDB
Japan Bank for International Cooperation
Nippon Export and Investment Insurance
Korea Eximbank
Export-Import Bank of China (“CEXIM”)
EDC (Export Development Canada)
BPI France
Total Energies S.A
ExxonMobil
Santos
JX
The Bank of Tokyo Mitsubishi UFJ
Sumitomo Mitsui Banking Corporation
Mizuho Bank, Ltd.
BNPP (BNP Paribas)
Industrial and Commercial Bank of China
Work highlights
- Advising the sponsors, including Total, Exxon Mobil, Santos and JX, on the financing of the development of the LNG plant and associated infrastructure for the production of gas and condensate from the Elk and Antelope Fields in the State of Papua New Guinea.
- 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.
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- Projects and energy: International firms and joint ventures