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White & Case LLP

Mark Castillo-Bernaus

Tel:
Work +44 20 7532 2319
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White & Case

Work Department

Project Finance

Position

Partner

Career

To read more, visit: whitecase.com/people/mark-castillo-bernaus


London: Finance

Emerging markets

Within: Emerging markets

White & Case LLP has a strong focus on emerging markets, notably the CEE, CIS, Middle East and Africa, and has amassed decades of experience in finance and capital markets transactions. It is involved in some of the most complex projects, energy and natural resources transactions, handling groundbreaking project finance deals in a wide variety of emerging markets. In the oil and gas sector, for example, it handled the multibillion-dollar financing of the Tahrir petrochemical project in Egypt on behalf of sponsor Carbon Holdings, and acted for Ghana National Petroleum Corporation on a landmark LNG regasification project in Tema. Co-head of the firm’s global oil and gas practice Philip Stopford and bank finance specialist Christopher Czarnocki played central roles in those deals. Debt capital markets transactions are a key strand of the firm's work and US securities partner Ian Clark led a highlight deal from 2017 when he advised the Ukraine Ministry of Finance on a $3bn Eurobond offering and a tender offer for its existing notes. Francis Fitzherbert-Brockholes and Richard Pogrel, who are 'very accommodating to clients and well aware of their interests and requirements; they give advice that is personal and tailor-made', acted alongside Clark for the Ministry of Finance of Azerbaijan in a $3.2bn debt restructuring transaction. Also in the sovereign debt arena, global head of capital markets Stuart Matty and US-qualified Melissa Butler, who are leading lights in their field, advised Republic of Nigeria on establishing a GMTN programme and $4.5bn in subsequent issuance. Mark Castillo-Bernaus, who is the firm's new head of EMEA projects, is also a key partner in the emerging markets practice.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)

Within: Infrastructure (including PFI and PPP)

White & Case LLP 's infrastructure practice covers the full spectrum of work from front end project development issues to brown field transactions under the leadership of experienced project finance expert Caroline Miller Smith . In terms of new build projects, Philip Stopford and Carina Radford are part of the team overseeing Vale and Mitsui's development and financing of the Nacala Corridor railway and port project in Mozambique and Malawi. The firm was also appointed to represent the sponsors to the Izmir Bayrakli and Kocaeli integrated health campus PPP projects in Turkey, and private equity partner Caroline Sherrell advised newly-formed infrastructure fund on its acquisition of 45% interest in Welcome Break from ING and Challenger. Other notable clients include Allianz, First State, the European Investment Bank and Deutsche Bank. Mark Castillo-Bernaus heads the firm's EMEA energy, infrastructure, project and asset finance group and is also a key contact. Simon Caridia joined from Herbert Smith Freehills LLP.

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Oil and gas

Within: Oil and gas

White & Case LLP 'provides an extremely high level of service' through 'fast responses, deep industry knowledge and very strong teams individually put together for every transaction'. The practice recently acted for Harbour Energy, a special investment vehicle established by EIG, in its agreement to lead the $3bn acquisition by Chrysoar of a portfolio of North Sea assets from Shell.  Philip Stopford led the advice to Carbon Holdings on all aspects of the proposed Tahrir petrochemical project in Egypt, and Saul Daniel is currently assisting Saudi Aramco in its potential joint venture with Pertamina to expand and develop the latter's refinery in Indonesia. Also notable are Jason Kerr , Mark Clarke - who heads the EMEA oil and gas disputes practice - and the 'well-prepared' Mark Castillo-Bernaus who 'fights hard for the right result'. Along with the opening of a Houston office, the practice also bolstered its offering with the promotion to partner of Kamilla Azamat . David Baker has 23 years of experience of the oil and gas sector.

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Power (including electricity and renewables)

Within: Power (including electricity and renewables)

White & Case LLP 's energy practice recently saw the promotion to partner of Kamilla Azamat and Meredith Campanale 's promotion to counsel. On the project development side, Philip Stopford and Kirsti Massie are currently acting as counsel to the project company and Al Nowais as sponsor with regards to a 2.640 MW coal-fired power plant in Egypt's Ayoun Moussa area, and Caroline Miller Smith and Ellis Baker are advising Star Capital and Eurotunnel on their proposed power 75km-long interconnector project between the UK and France. The team is also representing a contractor in the negotiation of its EPC contract for the construction of a new nuclear plant in Eastern Europe. In terms of brown field M&A, John Cunningham was part of the team which assisted the UK subsidiary of an international energy group with its acquisition of two combined cycle gas turbine stations from a leading energy company. Mark Castillo-Bernaus co-heads the London power offering with global head Massie and recently oversaw the granting of a project finance facility for the development of an independent power plant with Jason Kerr and counsel Chris Duncan . Other notable clients include HSBC, Enerjisa and Acergy.

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London: Real estate

Environment

Within: Environment

White & Case LLP specialises in major international infrastructure projects. Tallat Hussain advised a group of Chilean and Japanese banks on a $1bn project to connect Chile’s two main transmission systems and create a unified power grid, involving sensitive environmental considerations given the location of the transmission lines. Hussain also represented Vale and Mitsui & Co on the development and $2.73bn financing of the landmark Nacala Corridor Railway and Port Project, an infrastructure project supporting growth along a regional corridor between Mozambique and Malawi. Mark Castillo-Bernaus is practice head.

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London: Transport

Rail

Within: Rail

White & Case LLP regularly involved in the procurement and development of rail infrastructure projects, and is also experienced in matters such as the supply of rolling stock, concessions and franchising, M&A, regulatory matters and dispute resolution in the sector. It is regularly instructed in international projects and the team is advising the FAST Consortium on the design, development and construction of various lines of the Riyadh Metro project. It also advised Vale and Mitsui & Co on the development and financing of the Nacala Corridor Railway and Port Project. Among the multidisciplinary offering; Phillip Capper handles rail sector disputes; Ellis Baker heads the construction and engineering team; Caroline Miller Smith is experienced in concession and project finance matters; and Daniel Garton is also noted. Mark Castillo-Bernaus heads the team. Louise Mor has joined Watson Farley & Williams LLP .

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South Korea: Projects and energy

Projects and energy ‚Äď Foreign firms

Within: Projects and energy ‚Äď Foreign firms

White & Case LLP (Foreign Legal Consultant Office) has a strong focus on transactional matters and is regularly called upon by blue-chip corporations and financial institutions to lend its expertise in the project finance space. Arthur Scavone, global practice head, is a highly experienced project finance specialist; he is representing KEXIM as well as other lenders in relation to the ongoing construction of the Kelar power plant in Chile. Saul Daniel and Mark Castillo-Bernaus are also names to note.

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