White & Case LLP > London, England > Firm Profile
White & Case LLP > The Legal 500 Rankings
Corporate and commercial > Equity capital markets – mid-large cap Tier 1
Instructed by an array of leading investment banks, public and private companies (particularly in the life sciences and technology sector), and private equity firms, White & Case LLP‘s premier London ECM practice integrates both UK and US expertise to act on a diverse range of transactions through the UK, US and EMEA regions, including IPOs, SPACs and de-SPACs, private placements, direct listings and PIPEs. A ‘stalwart of the UK ECM market’, Inigo Esteve is an expert on IPOs and secondary offerings who is praised for his ‘exceptional depth of knowledge and breadth of contacts’. He co-leads the department in conjunction with vastly experienced and well-respected ECM lawyers Jonathan Parry and Laura Sizemore. US-qualified Sizemore is head of EMEA capital markets, handling complex transactions on behalf of some of the firm’s most high-end clients, while Parry has over 20 years of experience advising on LSE - including IPOs, rights issues, placings and accelerated book-builds.Practice head(s):
Inigo Esteve; Jonathan Parry; Laura Sizemore
Testimonials
‘Inigo Esteve is a stalwart of the UK ECM market, his depth of knowledge and breadth of contacts is exceptional.’
Key clients
Goldman Sachs, Morgan Stanley, HSBC, Jefferies, BofA and ING Bank (Ithaca Energy)
J.P. Morgan, Morgan Stanley, Mediobanca and Barclays (888 Holdings)
Hiro Metaverse Acquisitions I
New Energy One Acquisition
Citi and Peel Hunt (Coats Group)
Qatar Investment Authority (Glencore and VINCI)
MENA IPOs: DEWA and Empower
Barclays and Numis (Diploma)
Icelandic State Financial Investments (ISFI)/Íslandsbanki
ESAS/Pegasus
Work highlights
- Advised Goldman Sachs and Morgan Stanley as joint global co-ordinators, HSBC Bank, Jefferies and BofA Securities as joint bookrunners and ING Bank as co-lead manager on the IPO of Ithaca Energy PLC and its premium listing on the London Stock Exchange.
- Advised Dubai Electricity and Water Authority PJSC (DEWA), the utility company for the Emirate of Dubai, in its US$6.1 billion IPO.
- Advised Emirates Central Cooling Systems Corporation PJSC (Empower) on its US$724 million initial public offering (IPO) on the Dubai Financial Market.
Dispute resolution > International arbitration Tier 1
Commanding ‘a formidable reputation in international arbitration’, White & Case LLP‘s London practice routinely acts in the market’s largest and most significant cases. The team is co-led by Aloke Ray KC, who ‘has a very sharp understanding of the relevant issues in arbitration‘. The group also features London office head Dipen Sabharwal KC; the ‘extremely able‘ David Goldberg; construction and engineering disputes specialist Clare Connellan; global public international law leader, Andrea Menaker; and recently-raised partner Adam Tahsin, whose experience covers arbitrations under a range of governing laws and institutional rules. Within the firm’s senior associate ranks, Emiko Singh focuses on international arbitration in the energy, construction and financial services sectors; and Agnieszka Zarówna works exclusively on investor-state arbitrations. In early 2023, former partner Mark Clarke departed for an in-house role, and later in 2023 former practice co-head Phillip Capper left too.Practice head(s):
Aloke Ray KC
Other key lawyers:
Dipen Sabharwal KC; David Goldberg; Clare Connellan; Andrea Menaker; Adam Tahsin; Emiko Singh; Agnieszka Zarówna; Robert Wheal
Testimonials
‘A formidable reputation in international arbitration – in a position to deploy substantial resources when instructed. A go-to firm in its field.’
‘David Goldberg is extremely able and very practical.’
‘Aloke Ray QC is extremely experienced and strategic in his approach. He has a very sharp understanding of the relevant issues in arbitration.’
‘Aloke Ray QC is an enormously-skilled advocate, who is calm under pressure and controls the room when before the arbitration panel.’
‘Very good and the client care is excellent.’
‘Robert Wheal handles the bumps in the road that arise extremely well and without fuss. The work is always ready in good time for client review, and suggestions on how to approach issues are constructive.’
‘A well developed and experienced team in arbitration – the firm’s quality of work is unquestionable.’
‘An outstanding team with a wide range and a high-level of commitment, especially for complex and diverse topics, which enables efficient and client-tailored processing.’
Key clients
The Islamic Republic of Pakistan
WeBuild
Sacyr
Grupo Unidos por el Canal
MOL Hungarian Oil & Gas
The Republic of Mozambique
Government of Nigeria
The Republic of Peru
Orazul International España Holdings
WorleyParsons International
The Republic of India
Kappes, Cassiday & Associates
Republic of Bulgaria
TECO Guatemala Holdings
Kornikom EOOD
JSC Tashkent Mechanical Plant
JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan
JSCB Asakabank
JSCB Uzbek Industrial and Construction Bank
The Ministry of Foreign Affairs of Japan
Work highlights
- Represented the Islamic Republic of Pakistan in a rare ICSID post-award remedy, seeking to revise the largest damages award ever issued by an ICSID tribunal.
- Representing Grupo Unidos por el Canal (Panama), and its shareholders WeBuild, Sacyr and Jan De Nul, in a dispute with the Panama Canal Authority over the $5.5bn Panama Canal expansion project.
- Represented MOL in a complex joint venture dispute relating to oil and gas assets in the Middle East.
Finance > Corporate restructuring & insolvency Tier 1
Combining ‘technical knowledge with commercial nuance’, White & Case LLP provides ‘top quality restructuring legal advice’ for debtors and creditors on a myriad complicated cross-border situations, where it is also effectively able to leverage resources across its vast international network of offices. On the debtor front, clients not only benefit from the firm’s core substantive restructuring law expertise but also the team’s ability to provide a multi-disciplinary offering which draws upon other key practice areas including corporate, banking and litigation. ‘A leader in his field’, team head Christian Pilkington ‘has an uncanny ability to identify and resolve the most complex issues‘, and has been at the forefront of many of the firm’s marquee debtor side mandates, including for cinema chain Vue International on its successful recapitalisation which involved a substantial debt-for-equity swap. The ‘personable and technically strong’ Ben Davies was also involved in the aforementioned matter, work which followed on from his key role on the recently completed Swissport restructuring. The ‘impressive’ Ian Wallace ‘has a great mix of technical legal and commercial judgement’, skills with which he combines to good effect to debtors and creditor banks, particularly in the context of large transatlantic situations. Morvyn Radlow and Will Stoner are ‘technically excellent, very responsive and approachable’, with both gaining particular acclaim for their work on behalf of credit funds.Practice head(s):
Christian Pilkington
Other key lawyers:
Testimonials
‘A personable team which provides a great client service, allied with clear advice and a can do approach.’
‘Top quality restructuring legal advice combined with commercial and pragmatic approach.’
‘Strong depth in quality of team – both at partner and associate level.’
‘I regard them as the pre-eminent team that combines technical knowledge with commercial nuance and see them as the first port of call in any complicated situation.’
‘A leader in his field, Christian Pilkington combines excellent commercial acumen with an encyclopedic knowledge of restructuring and insolvency law. He has an uncanny ability to identify and resolve the most complex issues.’
‘The impressive Ian Wallace has a great mix of technical legal and commercial judgement.’
‘The personable and technically strong Ben Davies is able to distil complex situations into a clear strategy and action plan.’
‘Morvyn Radlow and Will Stoner are, without fail, technically excellent, very responsive and approachable.’
Key clients
Vue International Bidco plc
Nostrum Oil & Gas plc
The Adler Group
The agent and existing term loan lenders of Petroserv Marine Inc.
Oi S.A.
The coordinating committee of agent banks and lenders of Seadrill Ltd
Work highlights
- Representation of Adler Group, one of Germany’s largest real estate groups, on its ongoing financial restructuring, involving the incurrence of €937.5m of new money following an amendment to the terms and conditions of €3.2bn of senior unsecured bonds through English restructuring plan proceedings.
- Representation of the cinema chain Vue International on its successful recapitalisation. Vue International secured 100 per cent lender consent to the recapitalisation steps, enabling a fully consensual implementation exercise, as part of which the ownership of the group passed to its senior lenders in exchange for a discharge of approximately £470m of debt.
- Representation of London-listed oil and gas company Nostrum Oil & Gas plc on the financial restructuring of its $1.125bn of senior unsecured notes via a UK scheme of arrangement.
Finance > Debt capital markets Tier 1
'Technically excellent as well as being very commercially aware', White & Case LLP continues to cement its place among the leading DCM groups in London, having successfully built on its presence in emerging markets and sovereign debt deals to create a fully rounded practice that handles standalone and MTN programmes, bank regulatory capital and corporate hybrids, private placements, project and green bonds, liability management, equity-linked instruments, and debt restructuring. 'By far one of the best debt capital markets teams - smart, business-minded, focused and responsive', remarks a client. Standout partner Melissa Butler assisted Sweihan PV Power Company, the operator of the largest single-site solar project in the world, with its refinancing through the issuance of $700.8m in senior secured green bonds. Ian Clark represented the Ministry of Finance of Ukraine on a comprehensive liability management transaction that defers for two years Ukraine's contractual obligation to make payments under approximately $25bn of bonds, GDP-linked warrants and sovereign-guaranteed debt obligations. Butler and the vastly experienced Stuart Matty acted for Bank Leumi in a $500m offering, which was the first Rule 144A senior unsecured bond issued by an Israeli bank to international institutional investors. Richard Pogrel, who is 'very strong in equity-linked deals', and Neha Saran advised Morgan Stanley on a $250m offering by Permanent TSB Group Holdings. Senior associate Anna Soroka also plays a central role in the practice.Practice head(s):
Melissa Butler; Ian Clark; Stuart Matty; Richard Pogrel; Neha Saran
Other key lawyers:
Anna Soroka; Jessica Oliver
Testimonials
‘We continue to lean heavily on the consistent support from White & Case for our DCM transactions. The firm has steered us through troubled times in assisting with raising funding from the international DCM in a constantly changing business with increasing regularity and political challenges. Stuart Matty and his team has become a critical resource for our business through years of diligent support.’
‘Team is versatile, extremely committed, and very thoughtful and diligent in its approach.’
‘Neha Saran : committed, diligent, strong under pressure, good adviser-to-adviser relationships.’
‘This is, by far, one of the best debt capital markets teams I have ever worked with (or been a part of). They are smart, very business minded and focused and responsive. The team is well known in the industry and their reputation extends to bankers, service providers and other transaction participants.’
‘All of the individuals in this practice have show themselves to be extremely capable, responsive and very pragmatic in their approach. Specifically, Richard Pogrel and his team (including associate Hashim Eltumi) are some of the best around.’
‘Quality of senior partner and their close attention and involvement. Outstanding associate support.’
‘Technically excellent as well as being very commercially aware. Particularly important is their deep bench of EMEA experienced US Counsel who understand the particular sensitivities of US based Financial institutions, this is particularly important for sanctions risk.’
‘The White and Case team are intellectually sound, up to date with market trends and developments in all respect, simple in assertion and collaborative in action.’
Key clients
Aggregate Holdings
Bank Leumi
Bank of Industry
Barclays Bank PLC
CETIN Group B.V.
Citigroup
Deutsche Bank
Eskom
Heights Capital Management
Jefferies Group
JP Morgan Chase
Landsbankinn hf.
Metinvest
Ministry of Finance of Ukraine
Morgan Stanley
Republic of Nigeria
Republic of Suriname
Republic of Zambia
Standard Chartered Bank
Sweihan PV Power Company
Ukravtodor
Ukrenergo
Work highlights
- Representation of the Ministry of Finance of Ukraine on a comprehensive liability management transaction that, among other things, defers for two years Ukraine’s contractual obligation to make payments under approximately US$25 billion of its international bonds, GDP-linked warrants and sovereign-guaranteed debt obligations.
- Representation of Sweihan PV Power Company PJSC, the owner and operator of the Noor Abu Dhabi solar PV plant (the largest single-site solar project in the world), in connection with the refinancing in full of the Noor Abu Dhabi project through the issuance of US$700.8 million 3.625% green senior secured green bonds due January 31, 2049.
- Representation of Bank Leumi le-Israel B.M. as the issuer on the offering of US$500 million 5.125% Senior Notes due 2027. This deal is the first senior unsecured bond issued by an Israeli bank to international institutional investors pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1993.
Finance > Trade finance Tier 1
White & Case LLP has deep roots in emerging markets finance work, which includes high-end structured trade and commodity finance transactions. Acting for bank creditors, traders/offtakers, exporters, sellers; sovereigns and state-owned owned entities such as national oil companies, the firm has a presence across the full spectrum of transaction structures. Debt finance partners Christopher Czarnocki and James Hardy lead the group. Emerging markets specialist Hardy advised borrowers AGP Worldwide Operations GmbH and AGP Group on a $250 million secured loan financing. Czarnocki acted for Ghana's Ministry of Finance and Ministry of Energy in the $750m monetisation of royalties payable to the state by companies operating in the gold commodity sector, achieved through the assignment of rights to such royalties to special purpose vehicles which will be listed on the Accra and London stock exchanges.Practice head(s):
Chris Czarnocki; James Hardy
Key clients
AGP Glass Worldwide Operations GmbH
Helios Investment Partners
Ministry of Finance (Ghana), Ministry of Energy (Ghana)
Deutsche Bank
Puma Energy
Petrobras
Ministry of Finance Ukraine
Africa Finance Corporation
Afreximbank
Ghana National Petroleum Corporation
Oi S.A.
A.P. Møller Holding A/S
Work highlights
- Advised the Ministries of Finance and Energy of Ghana in connection with the monetisation of royalties payable to the state by companies operating in the gold commodity sector.
- Advised Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, on the US$1.283 billion to US$1.583 billion acquisition of the entire offshore shallow water business of Exxon Mobil Corporation in Nigeria.
- Advised the lenders in connection with a US$1.4 billion loan to Chevron and Nigerian National Petroleum Company (NNPC) to help monetise reserves, increase production and support the energy transition through the production of gas for domestic supplies.
Industry focus > Emerging markets Tier 1
At White & Case LLP, clients appreciate 'the exceptional combination of competence, expertise, responsiveness and friendliness which provides for an outstanding client experience'. The firm is active in emerging markets across the globe in work streams as diverse as project finance, bond issuance, corporate transactions and sovereign-related advisory work. 'Particularly important is their deep bench of EMEA experienced US counsel', among them US-qualified debt specialists Melissa Butler and Ian Clark, who work closely with English debt finance experts James Hardy and Stuart Matty. Clark handled a major liability management transaction for the the Ministry of Finance of Ukraine. Project development and finance partner Mark Castillo-Bernaus, international finance partner Jason Kerr. Banking partner Christopher Czarnocki, energy partner Philip Stopford and head of the Africa group Mukund Dhar are also heavily involved in emerging market transactions. Senior associate Judith Olloh is highly recommended for energy, infrastructure and project finance. EMEA Head of Project Development and Finance Michael Watson worked with Butler and a strong team of associates to assist Sweihan PV Power Company with the refinancing of the Noor Abu Dhabi solar PV plant through $700m in green bonds. Mining and metals partner Rebecca Campbell is 'commercially and technically brilliant'.Practice head(s):
Stuart Matty; Michael Watson; Christopher Czarnocki; James Hardy; Mukund Dhar
Other key lawyers:
Philip Stopford; Melissa Butler; Judith Olloh; Kamilla Azamat; Mark Castillo-Bernaus; Rebecca Campbell; Ingrid York; Olga Fedosova; Allan Taylor
Testimonials
‘It is the exceptional combination of competence, expertise, responsiveness and friendliness which provides for an outstanding client experience.’
‘Judith Olloh is my go-to person. She has a great personality, is knowledgeable and possess the qualities I look for in a legal counsel. The team are the best at what they do. Our discussions and feedbacks are seamless with unprecedented levels of professionalism and attention to details. Their biggest super-powers for me will be understanding the customer, people, collaboration and attention to details.’
‘A high-calibre, resourceful and powerful global player which leads the efforts on many directions to reform and transform emerging economies. The firm can draw from its various offices and teams to provide the best service to public authorities, particularly, in the sphere of securities market and eurobonds program, international investment disputes, energy and power industry sector, privatization, infrastructure, transportation and natural resources.’
‘Kamilla Azamat coordinates the work of different teams for different workstreams. Being an Uzbek with experience over a decade gives her incredible leverage and earns the reputation of a key advisor for the Government on whose expertise it may rely.’
‘Melissa Butler pioneered a debut issuance of sovereign eurobonds and opened the international securities market for Uzbek issuers.’
‘Technically excellent as well as being very commercially aware. Particularly important is their deep bench of EMEA experienced US counsel who understand the particular sensitivities of US based financial institutions – this is particularly important for sanctions risk.’
‘Rebecca Campbell is a stand-out partner, who is both commercially and technically brilliant. She always goes the extra mile in understanding the needs of the client. Judith Olloh is knowledgeable, hard-working and attentive. She makes it a priority to understand all aspects of a transaction and is a pleasure to work with.’
‘Ingrid York is not only a staple of the Structured Finance industry in the EEMEA, she is also someone that cares, who know to manage her team and federate key internal resources when necessary, as well as externally with clients and key institutions and stakeholders.’
Key clients
Afreximbank
Africa Finance Corporation
African Development Bank
Bank of Industry
Bank Leumi
Citigroup
Credit Suisse
Deutsche Bank
Eskom
European Bank for Reconstruction and Development (EBRD)
Gemcorp Capital
Ghana National Petroleum Corporation
Helios Investment Partners
Ipoteka Bank
Islamic Republic of Pakistan
JP Morgan Chase
Lenders to Chevron and NNPC – Project Panther
Malvyn Group
Mauritius Commercial Bank
Metinvest
Ministry of Finance and Ministry of Energy Ghana
Ministry of Finance Equatorial Guinea
Ministry of Finance Ukraine
Morgan Stanley
NAIC and OCP
Oi S.A.
Petrobras
Puma Energy International
Republic of Ghana
Republic of Nigeria
Republic of Suriname
Republic of Zambia
Seplat Energy Plc
Standard Chartered Bank
Sweihan PV Power Company
Trafigura
Ukravtodor
Ukrenergo
Work highlights
- Advised the Ministry of Finance of Ukraine on a wide range of emergency loan financing facilities provided by Ukraine’s bilateral and multilateral partners to support Ukraine’s budgetary needs since the start of Russia’s war of aggression against Ukraine.
- Representation of the Ministry of Finance of Ukraine on a comprehensive liability management transaction that, among other things, defers for two years Ukraine’s contractual obligation to make payments under approximately US$25 billion of its international bonds, GDP-linked warrants and sovereign-guaranteed debt obligations.
- Advised Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, on the US$1.283 billion to US$1.583 billion acquisition of the entire offshore shallow water business of Exxon Mobil Corporation in Nigeria.
Projects, energy and natural resources > Infrastructure: Project finance and development Tier 1
,Boasting a client list featuring a host of leading infrastructure fund managers, lenders and sponsors, White & Case LLP provides financing, development and regulatory advice to large-scale international projects, with the ability to leverage the firm's wealth of resources across the globe. The group has been responsible for project financing a number of PPPs over the past year in countries such as Turkey and Indonesia, and advises on the full gamut of asset types - most notably water, satellites, hydrogen and fibre optic networks over the past year. Michael Watson fronts the department and is principally noted for his work in the Middle East, working with majors in the region like Saudi Aramco as they engage in partnerships and joint ventures with investment managers such as Blackrock and Hassana. Caroline Miller Smith offers a broad practice that includes both greenfield and brownfield financing, and is well-regarded for her energy transition expertise as well as her knowledge of ports, rail and water infrastructure. Kamran Ahmad covers a wide array of multi-sourced financings and project bonds, offering a pan-European and global service to a range of international clients.Practice head(s):
Michael Watson
Other key lawyers:
Testimonials
‘Very service minded, hands-on, and always gave solid and practical advice.’
‘Kamran Ahmad is responsive, attentive and adept at offering advice and combines this with an insightful knowledge of Greek environment and concession agreement economics’
‘Caroline Miller Smith has great depth of knowledge and experience’
‘Kamran Ahmad is an outstanding lawyer. He is always available, gives efficient and practical advice of excellent quality and is an adviser who goes the extra mile to protect your interests.’
Key clients
Global Infrastructure Partners
ASTM S.P.A. (Autostrada Torino-Milano)
European Bank for Reconstruction and Development
DNB Bank ASA
ING Belgium
Deutsche Bank
Macquarie Group
Work highlights
- Represented Global Infrastructure Partners (GIP) in connection with a €450 million investment in secured notes of Superstrada Pedemontana Veneta (Pedemontana), a 96 km greenfield toll road project in the final stages of construction in the Veneto Region of Italy.
- Advised the Saudi Arabian Oil Company (Saudi Aramco) on a long-term, US$15.5 billion infrastructure transaction with a consortium of investors led by affiliates of BlackRock Real Assets (BlackRock) and Hassana Investments Co. (Hassana), the investment management arm of the General Organisation for Social Insurance (GOSI) in Saudi Arabia, to optimise Saudi Aramco’s gas pipeline network through a lease-and-lease-back arrangement.
- Advised ASTM S.P.A. (Autostrada Torino-Milano), an industrial holding company engaged in the management of motorway networks under concession and in the engineering and construction of infrastructure projects, in connection with financing and construction of the Rv555 Sotrasambandet – 59 km road connection between Sotra and Bergen in Norway.
Projects, energy and natural resources > Mining and minerals Tier 1
White & Case LLP enjoys a reputation as an ‘extremely responsive, well-connected, practical team with a wealth of knowledge about, and experience in, the industry’. The global team acts on behalf of an impressive international client list on the full-suite of both transactional and contentious matters, including company issues, banking and capital markets, dispute resolution, ESG, project finance, restructuring and M&A, among others. Practice leader Rebecca Campbell is praised as ‘one of the best in the business – practical, smart, responsive, creative, and very connected’ and ‘the one you want on your side when you are working on a complicated mining deal.‘ Experienced M&A and equity investments lawyer David Lewis is a key name for the full range of corporate matters in the mining and minerals space, whilst Kamran Ahmad devotes much of his practice to project development and financing.Practice head(s):
Rebecca Campbell
Other key lawyers:
David Lewis; Kamran Ahmad; James Foo
Testimonials
‘Global franchise, able to work on large projects with complex issues and requirement from different legal areas.’
‘Very commercial partners and associates, with a deep knowledge of the mining and metals market. In particular, Rebecca Campbell and Alex Field.’
‘Extremely responsive, well-connected, practical team with a wealth of knowledge about and experience in the industry, up to date on the latest trends in transactional structures. Great to work with and a keen focus on creative approaches to getting a deal done.’
‘Rebecca Campbell is one of the best in the business – practical, smart, responsive, creative, and very connected. She’s the one you want on your side when you are working on a complicated mining deal. James Foo is an accomplished associate, insightful, experienced, and is well positioned to grow in his career.’
Key clients
Islamic Republic of Pakistan
Ivanhoe Mines
Vale SA
Provisional Liquidator of Konkola Copper Mines
Ivanhoe Electric
HPX
Fireball/Chifeng Gold
Lenders to Centamin
EGA
Sedibelo Resources
Daniel W. Kappes and Kappes, Cassiday & Associates
Kornikom EOOD
Nevada Copper
Work highlights
Projects, energy and natural resources > Oil and gas Tier 1
White & Case LLP ‘s London-based oil & gas team sits within the firm’s wider energy practice and is therefore well placed to advise high-end clients across the full spectrum of work from complex oil & gas M&A to project finance and disputes, alongside acting on critical energy transition mandates. Michael Watson is an expert across the energy spectrum and advises on large-scale projects. He now co-leads the team in conjunction with Philip Stopford after Mark Clark left the firm in February 2023. Stopford has more than 40 years of experience advising on complex oil & gas transactions. Pre-eminent practitioner David Baker is an important point of contact for project development matters, receiving praise for his ‘wonderful mixture of deep industry knowledge with humility and pragmatism’. Project and international finance expert Jason Kerr is highlighted as a ‘key problem solver and thought leader’ in the sector.Practice head(s):
Michael Watson; Philip Stopford
Other key lawyers:
David Baker; Mukund Dhar; Jason Kerr; Allan Taylor
Testimonials
‘Stand out partners including Mukund Dhar who is exceptional’
‘White & Case’s legal team has over the years proven their expertise in LNG work. Their pragmatic, proactive, and committed approach, coupled with their best-in-class industry expertise shines above the rest in this legally complex sector. I wholeheartedly recommend White & Case to any organisation in need of top-tier legal representation for their LNG projects and transactions.’
‘In the complex world of LNG, having a reliable and knowledgeable legal partner is crucial for success. David Baker, a partner at White & Case, has been the linchpin behind our positive experience with the firm’s legal team. His exceptional performance and expertise played a pivotal role in achieving the outstanding results of our LNG operations in recent years. David worked seamlessly with our in-house legal team and other stakeholders.’
‘Carina Radford is fantastic. I would have her on every one of my deals if possible. Incredibly pragmatic and fantastic to have in the trenches with you when dealing with challenging counterparties.’
‘Top tier law firm with excellent industry and regional knowledge.’
‘Jason Kerr is a key problem solver and thought leader.’
‘The White & Case team is genuinely collaborative in their approach and by far the easiest of the leading legal firms to work with.’
‘David Baker is a stand out partner for me as he combines a wonderful mixture of deep industry knowledge with humility and pragmatism. Unlike some of his competitors he is always happy to help develop his clients’ understanding, rather than just focusing on providing legal advice. He also embodies the collaborative spirit that I see as a key source of differentiation for the firm.’
Key clients
Saudi Arabian Oil Company (Saudi Aramco)
Lenders to Chevron and NNPC – Project Panther
Lenders to Advanced Polyolefins Company
Somoil
Seplat Energy Plc
Macquarie Asset Management
NAIC and OCP – Basic Chemicals Platform project in Nigeria
Nostrum
Seadrill Ltd
Goldman Sachs, Morgan Stanley, HSBC, Jefferies and BofA
Energean
Fenikso Limited
Pipeline Technique
KazMunayGas landmark IPO
MOL
Work highlights
- Advised the Saudi Arabian Oil Company (Saudi Aramco) on a long term, US$15.5 billion infrastructure transaction with a consortium of investors led by affiliates of BlackRock Real Assets and Hassana Investments to optimise Saudi Aramco’s gas pipeline network through a lease-and-lease-back arrangement.
- Advised the lenders in connection with a US$1.4 billion loan to Chevron and Nigerian National Petroleum Company (NNPC) (acting as joint venture parties) to help monetise reserves, increase production and support the energy transition through the production of gas for domestic supplies.
- Advised Macquarie Asset Management on its acquisition of a 60 percent stake in National Grid plc’s UK gas transmission and metering business in a consortium with institutional investors.
Projects, energy and natural resources > Power (including electricity, nuclear and renewables) Tier 1
White & Case LLP‘s power offering is noted as having ‘a deep understanding of’ the sector and ‘extensive experience’ in handling international work. The team is headed up by Carina Radford who has significant experience assisting in large-scale, international cases, and projects and energy transition specialist Michael Watson. Mukund Dhar, who has a focus on African energy projects, is noted as being ‘a fantastic partner who is commercial, efficient and strategic’. The team has a strong reputation for its ability to handle matters involving infrastructure, financing and M&A matter of high-value and significant complexity, covering the industry, from conventional generation and renewables, to hydrogen, battery storage and energy infrastructure. It is also well-equipped to advise its clients on regulation, optimisation and operation aspects of projects, which is counsel Elisabeth Blundson‘s area of expertise.Practice head(s):
Carina Radford; Michael Watson
Other key lawyers:
Mukund Dhar; Elisabeth Blundson; Sandra Rafferty; Richard Hill
Testimonials
‘A very strong practice on power agreements across multiple jurisdictions.’
‘The team is cooperative and professional with commercial mindset.’
‘They are very reliable, easy to work with and provide prompt feedback.’
‘Very professional, open to discussion and results-oriented.’
‘The team is well-placed in the energy sector, they have a deep understanding of and extensive experience across the sector, globally.’
‘Mukund Dhar is a fantastic partner who is commercial, efficient and strategic.’
Key clients
African Development Bank (AfDB), Trade and Development Bank and Finnfund lenders
VALOREM S.A.S.
Gridserve
ARCH Emerging Markets Partners
ING Belgium NV/SA
Republic of Uzbekistan – Ministry of Investments and Foreign Trade
NPC Ukrenergo
E.E.W. Eco Energy World UK Holdings Limited
Government of Nigeria
Orazul International España Holdings SL
UK investors in the renewable energy sector in Ukraine
Republic of Uzbekistan
Work highlights
- Represented the Republic of Uzbekistan in relation to the ongoing process for the privatisation and expansion of the Talimarjan Power Plant in Uzbekistan.
- Representing on a leading independent renewable energy development and operating company based in France, on the divestment of the 165 MW Kalistanneva onshore wind farm to a Finnish consortium.
- Representing Gridserve, a sustainable energy business, on £200m investment from Infracapital, the infrastructure equity investment arm of M&G Plc.
Real estate > Construction: contentious Tier 1
White & Case LLP has gained a reputation for its integration of practical construction industry knowledge with rigorous legal expertise. The firm is proficient in advising on international arbitrations globally, and litigation at all court levels. It has a diverse portfolio, handling construction disputes that include defects, delays, non-performance, payment, and regulatory issues, among others. With a presence in over 90 countries, the firm extends its reach to sectors such as transport infrastructure, renewables, petrochemicals, and commercial property. Leading the team is Ellis Baker, an expert in all facets of construction and engineering project delivery. Among the key members are David Robertson, a specialist in oil and gas, power, and infrastructure projects, particularly in Asia, as well as Karim Mariey, who has a focus on resolving complex construction disputes arising from projects in the Middle East and North Africa. Daniel Garton left for Allen & Overy LLP in September 2023, and shortly after, Phillip Capper left too.Practice head(s):
Ellis Baker
Other key lawyers:
Testimonials
‘The team is very willing and able to understand complex technical issues, explain legal issues to laymen and plan how to tackle those issues in a pragmatic way.’
‘David Robertson has an excellent understanding of the work being carried out and an in-depth knowledge of construction law. He listens to the opinions of clients well and gives good advice.’
Key clients
WeBuild
Sacyr S.A.
Jan De Nul N.V.
Grupo Unidos por el Canal, S.A.
Work highlights
- Representing Grupo Unidos por el Canal S.A. and its shareholders WeBuild, Sacyr S.A., and Jan De Nul N.V. in a dispute with the Panama Canal Authority relating to the US$5.5 billion Panama Canal expansion project.
Dispute resolution > Banking litigation: investment and retail Tier 2
White & Case LLP has a broad banking litigation practice that acts on high-profile mandates that are often hugely complex. Charles Balmain leads the department, with extensive experience across banking disputes and contentious sovereign and corporate debt restructuring and insolvency. Balmain notably leads on the Republic of Mozambique’s response to the ‘tuna bond’ scandal: a high-profile matter that continues to attract media attention. Lawson Caisley, head of the commercial litigation practice at the firm, has been involved in a large number of high-profile disputes, acting for financial institutions, insurers, and blue-chip corporates. Swati Tripathi is a ‘star at junior partner level’, and routinely advises international banks on complex contractual disputes.Practice head(s):
Charles Balmain; Lawson Caisley
Other key lawyers:
Swati Tripathi; Stephanie Stocker
Testimonials
‘Amazing team.’
‘Charles Balmain and Ben Davies stand out.’
‘Swati Tripathi is a star at junior partner level. She is going places!’
‘Excellent technical and interpersonal skills. Invaluable commercial advice.’
‘Swati Tripathi will be one of my go-to partners in the future: great stakeholder management within the business line.’
Key clients
UK Finance
UK Export Finance (export credit agency (ECA) for the UK Government)
Euler Hermes (ECA acting on behalf of Germany)
Bpi France (ECA acting on behalf of the State of the French Republic)
Industrial and Commercial Bank of China Limited
China Development Bank
Export Import Bank of China
Greensill Bank AG
The Republic of Mozambique
Work highlights
- Representing UK Finance, which has been granted permission to intervene in the appeal to the UK Supreme Court in the Philipp v Barclays case.
- Acted for UKEF as well as the ECAs of Germany and France in their claim for substantial amounts owed by Thailand’s flag carrier, Thai Airways, following its restructuring in Thailand.
- Acting for a syndicate of Chinese banks in respect of litigation proceedings and the restructuring of a $925m facility advanced to Reliance Communications Limited.
Dispute resolution > Commercial litigation: premium Tier 2
Offering a ‘top notch Rolls-Royce dispute resolution service’, White & Case LLP is acting for household names and blue-chip global corporates on precedent-setting cases. The team’s work for UK Finance in the landmark Philipp v Barclays Bank case in the Supreme Court is indicative of their strength. ‘Very sure and experienced’ Lawson Caisley leads the team, having been involved in the most high-profile corporate and commercial disputes for years. Also of note is Charles Balmain, with expertise in private and public company litigation, as well as a wide range from shareholder disputes to contentious corporate and sovereign debt restructurings. Swati Tripathi and Will Corbett-Graham are recognised for their ‘exceptional legal knowledge, sound judgement, and deep commitment to their clients’.Practice head(s):
Lawson Caisley
Other key lawyers:
Charles Balmain; Rory Hishon; Jenna Rennie; Swati Tripathi; Will Corbett-Graham
Testimonials
‘A really first-rate approach. The whole team goes the extra mile for the client at all times.’
‘Lawson Caisley is very sure and experienced litigator who supervises the team with aplomb.’
‘Strong reputation particularly in new media and tech company disputes.’
‘Rory Hishon – outstandingly able, thoughtful, tirelessly hard-working. Jenna Rennie – good strategist.’
‘White and Case offer a top-notch Rolls-Royce dispute resolution service which combines quality, excellent people, deep insight and excellence in work.’
‘Special mention to Swati Tripathi and William Corbett-Graham for their exceptional legal knowledge, sound judgment and deep commitment to their clients. They stand out particularly for their infallible judgment.’
‘The team is fantastic. The are open to adapting their way of working depending on the customer demands, including with synergy among other lawyers form foreigner firms. This has been a key factor for our achievements of success in our very complex case.’
‘The individuals are very polite and have high level skills. From the interns to the senior partners. They make me feel secure and very well guided in legal terms.’
Key clients
Vale S.A.
UK Finance
Meta Platforms Inc.
Angelini Pharma
HungryPanda Limited
UK Export Finance
Euler Hermes
Bpi France
Petrobras Brasiliero SA
Greensill Bank AG
Bertha UK Limited
Adler Group S.A.
Work highlights
- Representing Vale S.A. in the landmark proceedings before the English Courts arising out of Brazil’s worst ever environmental disaster, the collapse of the Fundao Dam in 2015 –the largest group claim in English legal history, involving at least 200,000 claimants.
- Representing UK Finance, the official trade body of the banking and finance industry in the United Kingdom, which has been granted permission to intervene in the appeal to the UK Supreme Court in the Philipp v Barclays case.
- Serving as Meta’s primary outside counsel for a large portfolio of the company’s thousands of international litigation, pre-litigation, class actions and regulatory matters spanning more than 150 jurisdictions, across six continents.
Finance > Acquisition finance Tier 2
The ‘very responsive’ team at White & Case LLP has ‘strong expertise in leveraged finance’ for lenders and borrowers, which are appreciative of its versatility structuring deals utilising debt throughout the capital structure, including US/UK financings. The ‘exceptional’ Jeremy Duffy has excellent traction among core firmwide banking clients, including Deutsche Bank, which he has recently advised on the debt financing to facilitate several separate data centre acquisitions. The ‘very approachable and knowledgeable’ Richard Lloyd is well-versed in a range of debt products, including bank/bond, syndicated and second lien, and regularly works alongside Duffy on key bank-side cross-border leveraged finance transactions. Under the guidance of UK and US-qualified partner Gareth Eagles, the team has also established a market-leading offering on the direct lending front for leading fund clients including CVC Credit and Bridgepoint Credit. Martin Forbes takes the lead on much of the most significant borrower-side work, primarily on behalf of private equity sponsors. In February 2024, Anthony Tama joined the team following his departure from Cahill Gordon & Reindel LLP.Practice head(s):
Colin Harley; Jeremy Duffy; Gareth Eagles; Martin Forbes
Other key lawyers:
Chris Czarnocki; Emma Foster; James Hardy; Richard Lloyd; Shane McDonald; Nicola Chapman; Catherine West; Oliver Trotman; Man Hay Yip; Prema Govind
Testimonials
‘The team is very responsive.’
‘The team has strong expertise in leveraged finance, great accuracy in drafting and ability to arrange workflows also for other parties at the table.’
‘They have a fantastic knowledge of leverage finance, real estate finance, infrastructure and data centre.’
‘Jeremy Duffy is an exceptional lawyer.’
‘The very approachable and knowledgeable Richard Lloyd is my go-to expert on a multitude of topics, I can always count on up-to-date and relevant advice when dealing with him.’
‘Colin Harley is an exceptional adviser; he understands what is is important, pre-empts issues and strategizes at a very high level.’
Key clients
Apollo Global Management
Afreximbank
Africa Finance Corporation
AGP Group
ASK Chemicals Group
Ali Group
Bridgepoint Credit
Credit Suisse
CVC Credit
Deutsche Bank
DNB Bank ASA
Goldman Sachs
Jefferies
JP Morgan
Nordea Bank
Puma Energy International
Royal Bank of Canada
Santander
SEB
Societe Generale
Sumitomo Mitsui Banking Corporation
Natixis
UBS
N+P Beheer B.V.
Ocorian Limited
Triton Investment Management Limited
The Carlyle Group
Inflexion Private Equity Partners
CVC Capital Partners
Puma Energy
Oaktree Capital Management
Work highlights
- Representation of Ali Group in connection with its $4.8bn acquisition of Welbilt, Inc., a US public company.
- Representation of Triton Investment Management Limited on the £775m financing to facilitate the £1.2bn recommended takeover offer for Clinigen Group plc.
- Advised Ares Management and SEB, as lenders, in relation to Nordic Capital’s and CVC Funds’ public-to-private acquisition of Cary Group, a Nasdaq Stockholm listed company.
Finance > Bank lending: investment grade debt and syndicated loans Tier 2
The ‘extremely experienced and user-friendly’ team at White & Case LLP has ‘excellent market knowledge’ and versatility across financial products, both from a UK and US law governed perspective, and is consequently a favourite among lenders and borrowers to advise on complex cross-border financings. On the creditor side, in spite of his senior status, Jeremy Duffy ‘gets his hands dirty on every deal he manages’, and outside of his leveraged finance sweet-spot also regularly handles broader global loans work (including corporate lending), increasingly utilising ESG/sustainability-lined metrics. ‘On top of the latest industry trends’, Shane McDonald is also a favourite among lenders, regularly working on large-cap syndicated facilities, both from an acquisition, as well as infrastructure and general corporate lending perspective. Christopher Czarnocki is also a key member of the team by dint of his balanced lender and borrower credentials in the emerging markets space, in particular.Practice head(s):
Colin Harley; Jeremy Duffy; Gareth Eagles; Martin Forbes
Other key lawyers:
Chris Czarnocki; Emma Foster; James Hardy; Richard Lloyd; Shane McDonald; Nicola Chapman; Catherine West; Oliver Trotman; Man Hay Yip; Prema Govind
Testimonials
‘They particularly shine in complex, cross-border financings where their local offices across the the globe provide top-tier advice that encompasses collateral/security, tax, regulatory and other issues that routinely crop up in such deals.’
‘The team is extremely experienced and user-friendly.’
‘The firm is a top large cap lender side financing practice. They clearly handle a high volume of deals across both syndicated loans and direct lending, which means they know where the market is and the latest developments/ innovations from the sponsor side.’
‘Their market knowledge is excellent and ability to execute deals across any product is truly impressive.’
‘Jeremy Duffy is a consummate professional, a highly knowledgeable senior partner who nonetheless gets his hands dirty on every deal he manages. He’s also super dedicated and available 24/7 on a moments’ notice.’
‘The commercial and solutions-oriented Jeremy Duffy is the gold standard for lender-side advisory work.’
‘Shane McDonald is a great lender side lawyer. On top of the latest industry trends, Shane provides quality advice and is able to negotiate with the best of them on behalf of the lenders through the force of his personality.’
Key clients
Apollo Global Management
Afreximbank
Africa Finance Corporation
AGP Group
ASK Chemicals Group
Ali Group
Bridgepoint Credit
Credit Suisse
CVC Credit
Deutsche Bank
DNB Bank ASA
Goldman Sachs
Jefferies
JP Morgan
Nordea Bank
Puma Energy International
Royal Bank of Canada
Santander
SEB
Societe Generale
Sumitomo Mitsui Banking Corporation
Natixis
UBS
N+P Beheer B.V.
Ocorian Limited
Triton Investment Management Limited
The Carlyle Group
Inflexion Private Equity Partners
CVC Capital Partners
Puma Energy
Oaktree Capital Management
Work highlights
- Advised Santander and HSBC, as revolving credit facility lenders, on the debt financing package to support Caffè Nero’s refinancing of all its debt.
- Advised Puma Energy, a global downstream energy business, in connection with its $695m revolving and term loan facilities.
- Advised BNP Paribas, Lloyds Bank and National Westminster Bank plc on a syndicated ESG-linked facilities agreement in favour of market leading international consumer goods business, PZ Cussons plc.
Finance > Derivatives and structured products Tier 2
White & Case LLP is 'technically excellent, and always provides timely and commercial advice'. One clients praises the group's 'constant commitment to providing maximum possible value and exhaustive attention to detail'. The firm handles the full suite of derivatives work, encompassing interest rate, credit, equity, currency and commodity derivatives, regulatory capital transactions, repurchase agreements, securities lending, synthetic investments and Islamic derivatives. The practice led by Ingrid York, who is 'calm and incisive, and has an encyclopaedic knowledge of derivatives', also excels in repackaging and structured note transactions. York and regulatory partner Jonathan Rogers advised the Liquidity and Sustainability Facility Designated Activity Company (LSF) on its inaugural $100m repo transaction with Afreximbank and Citi to provide liquidity to African sovereign Eurobonds. York is supported by a strong partner group and a growing team of associates. Anthony Colegrave is dual-qualified in England & Wales and South Africa, and focuses primarily on equity derivatives and hedging solutions. Debashis Dey advises banks, corporates and governments on structured finance and Tom Falkus has a broad practice that includes secured loan transactions. Associate Phillan Amin is highly recommended for OTC derivatives, structured finance, repurchase transactions, and hedging issues.Practice head(s):
Ingrid York
Other key lawyers:
Testimonials
‘I have found the team to be incredibly proactive and knowledgeable, both in terms of the core legal and commercial issues at play.’
‘Ingrid York is an excellent lawyer, who has an encyclopaedic knowledge of derivatives. She is calm and incisive and we enjoy working with her.’
‘Go-to firm. Technically excellent. Always provides timely and commercial advice.’
‘Ingrid York: Work product always excellent. Exceptional product knowledge. Very user-friendly. Highly rated by business clients. Always available. Trusted adviser.’
‘WA core capital markets practice for us. Very responsive, solid legal advice, very result-oriented. Happy to provide training for our in-house lawyers.’
‘Ingrid York is great at structured transactions, complex derivatives, sustainability derivatives and carbon trading.’
‘Ingrid York has excellent technical skills as well as experience of the market and a practical commercial approach. She is a go-to person for complex financial structures.’
‘Technical knowledge, the firm global reach and its commitment to pro bono work. Capability to leverage a large global team on the spot to close complex transactions. But most importantly, it is the firm culture.’
Key clients
Alpha Bank
Bank of America Merrill Lynch
BNP Paribas
Citibank
Centerbridge
Crédit Agricole Corporate and Investment Bank
Credit Suisse
Deutsche Bank
Elliott Advisors
Eurobank
European Investment Fund
Investec
Liquidity and Sustainability Facility DAC (the “LSF”)
National Bank of Greece
Piraeus Bank
Qatar National Bank
Societe Generale
United Arab Emirates Central Bank
Work highlights
- Provided pro bono advice to the Liquidity and Sustainability Facility DAC (LSF) on its inaugural US$100 million repo transaction with Afreximbank and Citi, which was announced at COP27 and aims to bring liquidity to a diversified basket of African sovereign Eurobonds.
- Advised The Hertz Corporation in connection with the extension of their European securitisation platform to finance their Italian rental fleet and increase the facility to €1.1 billion.
Finance > Islamic finance Tier 2
With a sizeable presence in London and also able to draw upon the the expertise of practitioners based in key international jurisdictions, including Dubai, White & Case LLP is well-positioned to advise lenders, funds, corporates and governments on transactions traversing product areas and geographies. Capital markets-related work informs much of the deal flow, and as well as regularly advising issuers and arrangers on large Sukuk issuances, the team, which is led by Debashis Dey (who splits his time between Dubai and London), is also adept at advising on regulatory issues and complex structured finance mandates.Practice head(s):
Debashis Dey
Other key lawyers:
Testimonials
‘The team is highly responsive and understood the product in depth which allowed us to easily reach terms with the borrower.’
‘It is a proactive team with a good approach to problem solving and addressing client requirements.’
‘White & Case has a very strong team led by Debashis Dey. They have a strong professional background and practical experience of Islamic finance.’
Key clients
Goldman Sachs International
The Hong Kong and Shanghai Banking Corporation Limited
SNB Capital Company
HSBC
BNY Mellon Corporate Trustee Services Limited
Al Rajhi Capital Company
Saudi Real Estate Refinance Company
United Nations Development Program
Blackrock
Republic of Indonesia
Citi Group
Standard Chartered Bank
JP Morgan
Emirates NBD
KFH Capital
Moove Africa
Work highlights
- Advised Goldman Sachs International on an up to $150m warehouse securitisation of buy now, pay later (BNPL) receivables originated by Nakhla for Information Technology Systems LLC (Tamara) in Saudi Arabia.
- Advised SNB Capital Company on the establishment of its debut SAR 5,000,000,000 Short-Term Certificate Issuance Programme and the inaugural SAR denominated issuance in April 2022 and a follow-on issuance in November 2022.
- Advised the Arrangers on the establishment of $4,000,000,000 Trust Certificate Issuance Programme of Al Rajhi Banking and Investment Corporation and inaugural issuance of $1,000,000,000 Senior Sustainable Certificates due 2028 under the programme.
Finance > Securitisation Tier 2
White & Case LLP has a broad securitisation practice that encompasses a high level of activity in the CLO space, as well as securitisations of real estate loans, receivables and more esoteric assets. The firm is also making a big push on ESG-related deals, and practice head Chris McGarry recently acted for BNP Paribas in the €352m Grosvenor Place CLO 2022-1 DAC, which is the first CLO to contractually utilise the marketing and reporting features of Article 8 of the EU’s Sustainable Finance Disclosure Regulation. 'They have been innovative in the ESG space and are looking a few years ahead', remarks a client. Debashis Dey, who works from both London and Dubai, 'really knows his stuff but is able to take on board a variety of different views to help craft a solution that works for everyone'. Tom Falkus is increasingly visible in performing and non-performing loan portfolio acquisitions and financings, securitisations, restructurings, warehouse facilities, asset-based lending and secured loan transactions. Counsel Adam Farrell joined from Paul Hastings LLP in 2023, bringing expertise in CLOs, RMBS, CMBS and trade receivables deals.Practice head(s):
Chris McGarry
Other key lawyers:
Debashis Dey; Tom Falkus; Adam Farrell; Greg Pospodinis
Testimonials
‘The CLO space is fairly mature, and the legal market reflects that. Where White & Case are pushing forward is on the ESG space, and they have been innovative in this space – they are looking a few years ahead and I very much find them proactive rather than reactive which is certainly something I value.’
‘On ESG I find Chris McGarry and new hire Adam Farrell to be enthusiastic in this space – they care about it and it comes through in interactions.’
‘The team is able to offer a true and seamless blend of top-notch international legal advice coupled with local law savvy. Lots of firms advertise this – this is one of the few times I’ve seen this actually happen in practice.’
‘Debashis Dey – really knows his stuff but is able to take on board a variety of different views to help craft a solution that works for everyone. Great at explaining unfamiliar concepts. Greg Pospodinis – fantastic local awareness, not just of the differing legal regimes but also of the differing approaches that market participants are likely to take.’
Key clients
Bank of America
BNP Paribas
Citigroup
Credit Suisse
CVC Credit
European Investment Fund
Goldman Sachs
GreensLedge
Guggenheim Partners
Habito
Hertz
J.P. Morgan
Morgan Stanley
NatWest
PGIM
Sixth Street
Work highlights
- Advised Goldman Sachs as arranger on the CVC Cordatus Loan Fund XXIV DAC transaction for CVC Credit.
- Advised Morgan Stanley as arranger on the Fidelity Grand Harbour 2022-1 DAC transaction for Fidelity.
- Advised BNP Paribas as the arranger on the Carlyle Euro CLO 2022-5 DAC transaction for Carlyle.
Finance > Transport finance and leasing Tier 2
White & Case LLP punches above its weight by virtue of being able to effectively collaborate with practitioners across its international network, as well as practitioners in associated practice areas including project finance, energy and restructuring. The team remains best-known for its aviation work, with a ‘particular strength on cross-border complicated leasing structures and transactional restructurings’. Team head Justin Benson ‘delivers high-quality advice’ to a range of stakeholders including banks and ECAs, airlines, and leasing companies. The arrival in July 2023 of the ‘supremely experienced’ Mark Moody and a team of highly capable associates, including the ‘very knowledgeable’ Rishi Raheja from Winston & Strawn LLP, was a major fillip for the firm and vastly enhances its bench strength for aviation finance matters.Practice head(s):
Justin Benson
Other key lawyers:
Mark Moody; Rishi Raheja; James Turner; David Wright
Testimonials
‘For complex aviation finance matters they are very good external counsel.’
‘Their particular strength is with cross-border complicated leasing structures and transactional restructurings and the related amendments to existing documentation.’
‘Justin Benson is very responsive, pays attention to details and delivers high quality advice.’
‘The supremely experienced Mark Moody sets the gold standard in this area and provides detailed, pragmatic and solutions focused advice.’
‘Rishi Raheja is very knowledgeable, helpful and organised.’
‘Mark Moody is a very well recognised lawyer with years of industry experience and expertise in the sector, and is able to provide clients with detailed, pragmatic and solutions focused advice. Rishi Raheja is a very capable associate and is adept at managing transactions.’
‘Mark Moody and Rishi Raheja are always available and able to deliver excellent work. Working with them is always a pleasure.’
Key clients
Bpifrance
Euler Hermes
UK Export Finance
KfW IPEX-Bank GmbH
Carlyle Aviation
BNDES
Nordea Bank
Arabian Drilling Company
Azorra Aviation Holdings LLC
Work highlights
- Represented Azorra Aviation Holdings LLC in connection with the PDP financing for 12 new A-220 aircraft provided by Natixis.
- Advised the agent and existing term loan lenders on an English Scheme of Arrangement proposed by Petroserv Marine Inc. (Petroserv), which was sanctioned by the High Court of England and Wales on June 23, 2022.
Projects, energy and natural resources > Infrastructure: M&A and acquisition financing Tier 2
White & Case LLP is heavily relied on by banks, corporates and funds to act on their largest and most critical infrastructure deals, boasting an impressive portfolio of multi-billion pound transactions across the globe. While traditional infrastructure and energy generation remain an important part of the group’s steady stream of mandates, energy transition has quickly risen to the forefront of the deal agenda and the group has been active representing funds acquiring stakes in EV, fibre networks and data centre businesses. The firm also advises on transport-related matters.Team head Tim Sheddick is highly regarded for his transactional prowess, which extends across the full range of infrastructure and energy assets. Katie Hicks continues to impress in this sector, providing sponsors and financial providers with acquisition finance expertise that includes equity bridge, topco, holdco and senior financing. She is regularly supported by recently promoted partner Elizaveta Bazarova . Tom Pound, who was also promoted to partner this year, is active across a range of acquisitions, disposals, and joint ventures.Practice head(s):
Tim Sheddick
Other key lawyers:
Testimonials
‘Katie Hicks is one of the most commercially minded lawyers in the City. She has a deep understanding of borrowers’ needs and is excellent at creating sophisticated constructs which ensure they have the operational and financial flexibility to run their businesses in the most optimal way possible.’
‘Katie just gets it. She has an uncanny ability to identify issues and come up with smart solutions which help to get deals done.’
Key clients
Macquarie Asset Management
DigitalBridge
Brookfield
PGGM and DIF Capital Partners
Morgan Stanley Infrastructure Partners
A consortium comprised of AXA IM Alts, and Swiss Life Asset Managers and Morrison & Co.
Antin Infrastructure Partners
GRIDSERVE
Work highlights
Real estate > Construction: non-contentious Tier 2
White & Case LLP boasts a highly collaborative international practice, expertly offering strategic advice across diverse industry sectors, including energy, infrastructure, and major property developments. Leading the construction group is Ellis Baker, a recognised authority on FIDIC contracts, who has guided clients across over 30 countries in all aspects of project delivery. Richard Hill, who co-heads the non-contentious team, brings extensive experience in the procurement, construction, and operation of diverse projects, with a primary geographical focus on the United Kingdom, Europe, Central Asia, and Africa. Senior associate Paddy Mohen‘s expertise lies in advising on the construction of projects that are vital to energy transition, covering areas such as renewable energy, energy storage, and green metal projects. Daniel Garton left for Allen & Overy LLP in September 2023.Practice head(s):
Ellis Baker; Richard Hill
Other key lawyers:
Testimonials
‘The team is professional, provides comprehensive advice yet very practical with a clear bottom line.’
Key clients
Republic of Uzbekistan
Work highlights
- Advising various ministries and state-owned companies of the Republic of Uzbekistan on the construction of a number of major projects, including the projects highlighted below, as Uzbekistan continues to modernise and open up to greater foreign investment.
Real estate > Property finance Tier 2
White & Case LLP maintains a strong flow of mandates on the lender-side, particularly in relation to multijurisdictional asset portfolios. Senior partners Jeffrey Rubinoff and Justin Jowitt represent borrowers and lenders across Europe, the Middle East and Africa, in relation to senior and mezzanine investments, loan sales and syndication and development facilities. Jowitt’s practice also encompasses fund finance; representing lenders and funds in relation to subscription lines, and borrowing base facilities. Newly appointed partner Lisa Seifman is ‘very responsive, solution-oriented’, and is highlighted for her knowledge of data centre financing. Sudhir Nair is experienced in advising bank lenders and sponsors on financing transactions in the emerging markets.Practice head(s):
Jeffrey Rubinoff; Justin Jowitt
Other key lawyers:
Testimonials
‘Justin Jowitt is the MVP of the team.’
‘Justin Jowitt is the Lionel Messi of real estate finance – he’s equally technically adept while having tremendous commercial instincts. This dude is one of a kind.’
‘Solution oriented, up to speed with the latest legal technology and best market practice, able to suppress ego and temptation to score points over opposing counsel to get the deal across the finish line.’
‘Lisa Seifman – very responsive, solution-oriented, and with great ability to engage with lender counsel in a constructive manner. No wasted time on hypothetical “rabbit holes”. Lisa presents options, makes recommendations and is a true counsel to the business.’
Key clients
Oaktree Capital Management
JP Morgan Chase Bank
Crosstree Real Estate LLP
Starwood Capital Group
Antin Infrastructure Partners
Deutsche Bank
Royal Bank of Canada
Deutsche Bank and Natixis
JP Morgan Chase Bank
Oaknorth Bank plc
Work highlights
- Advised Oaktree Capital Management, L.P. and its joint venture partner Outpost Management on the development financing of the construction of College Road Tower, a 49-storey premium residential tower block in Croydon, UK.
- Advised JP Morgan, a US multinational investment bank in connection with the £277 million senior and mezzanine development financing of two new residential Build-to-Rent plots in Wembley Park, UK called North East Lands. Quintain is the developer and build-to-rent operator behind Wembley Park. This deal is Quintain’s largest development loan to date, delivering 769 new homes.
- Advised Crosstree Real Estate Partners, as part of a consortium of mezzanine lenders, on a mezzanine tranche of part of the £772 million whole loan financing of the One Nine Elms project in London. The £1 billion One Nine Elms development project comprises two buildings: the 57-storey City Tower, and the 42-storey River tower.
Crime, fraud and licensing > Fraud: civil Tier 3
White & Case LLP fields an ‘outstanding’ team which acts for financial institutions, companies, states and individuals on the claimant and defendant side. Besides its high involvement in cross-border civil fraud disputes, it also regularly supports clients in bringing and defending applications for interim relief, including freezing orders, other orders relating to asset recovery and disclosure, and court orders in support of arbitration proceedings. The group is headed by John Rogerson, who leads the UK civil fraud team, focusing on cross-border litigation and regularly acting for emerging market corporates, as well as EMEA-based financial institutions. Other key names within the team include Charles Balmain, ‘an exceptionally talented litigator’, and David Goldberg, who is noted for his emphasis on CIS-related civil fraud disputes.Practice head(s):
Other key lawyers:
Testimonials
‘They are unique, excellent and very professional. They are highly profiled and have a strong position in the area and the market in general.’
‘White & Case provided fantastic litigation support – they were always two, if not three, steps ahead of our opponents.’
‘Charles Balmain – an exceptionally talented litigation partner, with years of experience – a pleasure to work with. I couldn’t recommend him highly enough.
‘Excellent client service, advice quality and strategic thinking.’
‘John Rogerson is a superb lawyer and great strategist.’
‘White & Case are carving out an outstanding niche in the world of crime, fraud and licensing. They combine exceptional partners with sublime associates capable of handling the hardest and most challenging case.’
‘Charles Balmain heads an outstanding team of litigators. Charles is an inspiring leader and delightful to work with in every respect.’
‘John Rogerson – excellent technical lawyer & a pleasure to work with. Keeps his eyes on the prize.’
Key clients
The Republic of India
The Republic of Mozambique
Work highlights
- Assisting India is challenging the US$150 million Permanent Court of Arbitration award in a dispute against a satellite company, stemming from an agreement the company entered into with the commercial arm of India’s Department of Space, which according to our client was tainted by fraud and illegality.
Dispute resolution > Competition litigation Tier 3
White & Case LLP houses an ‘extremely dedicated' team which handles the full spectrum of mandates, from standalone behavioural issues to civil actions. Praised by clients for his ‘enormous versatility paired with impeccable judgement', Charles Balmain leads the group, and has notable expertise in follow-on claims and regulatory investigations-related work, often appearing before the CMA and the CAT. Counsel Raif Hassan is experienced in handling damages actions before the High Court, and appeals to the Court of Appeal concerning the mitigation of damages.Practice head(s):
Charles Balmain
Other key lawyers:
Genevra Forwood; Raif Hassan
Testimonials
‘Charles Balmain is lawyer of enormous versatility paired with impeccable judgment and strategic and tactical sense.’
‘Raif Hassan is a phenomenon in terms of his output and ability to conduct multiple matters with equal brilliance.’
‘The White & Case team has true specialists and have in-depth knowledge of the legal issues. The team is extremely dedicated and a pleasure to work with!’
‘Their key strength is their multi-jurisdictional reach.’
Key clients
NTN
Nexans
Autoliv
Toshiba
Computer and Communications Industry Association
Pfizer
Synthos
Eco-Bat
Work highlights
- Advised NTN in the High Court, CAT, and the Court of Appeal on an approximately €100m damages claim by Stellantis N.V.
- Advising Nexans on an application for a Collective Proceedings Order to bring an opt-out class action on behalf of domestic energy consumers in the UK for allegedly increased energy prices resulting from pass-on of an alleged overcharge on High Voltage Power Cables following the European Commissions’ Power Cables decision.
- Advising Autoliv on a standalone competition claim brought by Stellantis in High Court, which was subsequently transferred to the CAT.
Employment > Employee share schemes Tier 3
Finance > High yield Tier 3
White & Case LLP has seen a major restructuring of its high yield practice with the departures of Jill Concannon to Clifford Chance LLP and Gilles Teerlinck to Weil, Gotshal & Manges (London) LLP, and James Greene taking over as practice head. Greene, who is ‘able to navigate complex and stressful situations in a calm and efficient manner‘, counts JP Morgan, CVC Capital Partners and BNP Paribas among his clients. He advised joint global coordinators and joint bookrunners on a $420m notes offering by Mauritian telecommunications company Axian Telecom. Key partner Monica Holden, who handles bond transactions for issuers, sponsors and underwriters, and senior associate Anna Soroka ‘don’t hide behind the law, but give clear and concise advice, and understand what the client wants and what the commercial drivers are‘. In February 2024, Anthony Tama joined the firm from Cahill Gordon & Reindel LLP.Practice head(s):
James Greene
Other key lawyers:
Testimonials
‘W&C has an excellent HY practice and have been active in the market almost since its inception in Europe. They are agile and have the ability to meet client’s often demanding needs in a commercial and time-efficient manner. They offer good value for money.’
‘James Greene is one of the best practitioners in the industry. Always responsive no matter the time of day and night and is able to navigate complex and stressful situations in a calm and efficient manner. He is a solution finder! No issue is too complex.’
‘The whole team at W&C are very easy to communicate with and are very knowledgeable within their areas of expertise. This makes me very confident that I am being advised in the correct manner.’
‘I have to highlight James Greene who has an unbelievable knowledge of HY markets. James gives advice in a clear and concise manner and has the whole respect of our team from advisory board level to the senior management team.’
‘Mastery of the subject matter; extraordinarily responsive; good client handling skills; clear advice – don’t hide behind the law, but give clear and concise advice, and cut through the “white noise” understand what the client wants and what its commercial drivers are.’
‘Subject knowledge, speed of advice, quality of advice, nothing is ever too much! Calm under pressure, very good at thinking on feet, strong work ethic, very responsive.’
‘Universal coverage of legal issues and worldwide presence and/or contacts and expertise.’
‘James Greene has in-depth expertise in finance and securities transactions. He takes a practical and commercial approach to issues. His team is staffed adequately to ensure work is delivered in a timely manner at reasonable cost. I would very highly recommend James for his professionalism and work ethic.’
Key clients
Encore Capital Group
Energean
JP Morgan
CVC Capital Partners
International Game Technology
BNP Paribas
Barclays
Ideal Standard
Adler Group
doValue
Deutsche Bank
Stifel Nicolaus Europe Limited
Work highlights
- Representation of Goldman Sachs, as placement agent, and the investors in connection with a tap offering of €105 million senior secured floating rate notes due 2028 by Cedacri Mergeco S.p.A. The notes were offered and sold pursuant to Rule144A and Regulation S under the US Securities Act and listed on the Vienna Stock Exchange.
- Representation of J.P. Morgan, Société Générale and Standard Bank and Joint Global Coordinators and Joint Bookrunners on the offering of US$420 million 7.375% Senior Notes due 2027 by Axian Telecom, a Mauritian telecommunications company, guaranteed on a senior basis by certain subsidiaries of Axian Telecom.
- Representation of the initial purchasers on the debut €350 million sustainability-linked high yield bond offering by F.I.S. – Fabbrica Italiana Sintetici S.p.A.
Real estate > Commercial property: investment Tier 3
The multi-faceted practice at White & Case LLP ‘excels’ in the investment sphere, and regularly advises an array of clients on cross-border real estate transactions. With ‘great industry knowledge’, practice head James Dodsworth and James Johnson have thorough expertise in the data centre arena. Victoria Landsbert advises on the buyer, lender, and seller side on an assortment of development and investment matters, and Jane Bergin is knowledgeable of real estate financing. James Pullen is another key contact in the team.Practice head(s):
James Dodsworth
Other key lawyers:
James Johnson; Victoria Landsbert; Jane Bergin; James Pullen; Emma Jell
Testimonials
‘The team under the leadership of James Dodsworth has followed the emergence of the data centre industry as a separate investment class up close. The wider team excels in all aspects of this asset class, vastly exceeding capabilities provided by other firms.’
‘James Dodsworth has great industry knowledge.’
‘James Pullen stands out for his availability, problem solving and diligence.’
Key clients
Fenwick Limited
Crosstree Real Estate LLP
Starwood Capital Group
Westmont Hospitality
Antin Infrastructure Partners
Credit Suisse
The Red Sea Development Company (TRSDC)
Macquarie Asset Management
Matter Real Estate LLP
Work highlights
- Advised Fenwick on the sale of its 130 year old iconic New Bond Street department store in the heart of London to the Lazari Group.
- Advising funds managed by Oaktree Capital Management, L.P. on a joint venture.
- Advised Crosstree Real Estate Partners on a mezzanine tranche on the the £772 million loan financing of the One Nine Elms project in London.
Risk advisory > Data protection, privacy and cybersecurity Tier 3
White & Case LLP’s team leverages the firm’s global network to provide a solid offering with an emphasis on cross-border matters, acting for large multinationals across the full range of advisory, regulatory, transactional, and contentious data, privacy, and cybersecurity mandates. Tim Hickman, singled out for his ‘unparalleled knowledge of the sector,’ leads the team and is recommended for his GDPR compliance expertise. Rory Hishon takes point on technology disputes, working alongside Jenna Rennie, while John Timmons is the key name for regulatory data protection litigation and cybersecurity incident response.Practice head(s):
Tim Hickman
Other key lawyers:
Testimonials
‘Understands the law across multiple jurisdictions. Knows the answers straight away.’
‘Tim Hickman has unparalleled knowledge of his sector.’
‘White & Case provide comprehensive and pragmatic advice on complex legal matters.’
‘Responsiveness and business-oriented mindset.’
‘The team timely responded to our inquiries, completing the tasks and delivering good quality work products within appropriate amount of time.’
‘Besides strong knowledge of EU privacy laws, the counsel perfectly understands client’s expectations, reflectively reading back client’s questions to ensure he is in synch with client’s objectives.’
Key clients
Meta
Nestlé
MSI
AutoCruitment, LLC
AGCO
Getac
Verallia
Magnum Opus Acquisition Limited
Zimmer Biomet Holdings
KLDiscovery Limited
Work highlights
- Representing Meta in major international matters involving high-profile privacy and data protection issues, as well as helping the Company navigate data protection requirements across the globe.
- Providing extensive support and advice to Nestlé concerning compliance requirements.
- Supporting MSI on a wide range of data protection compliance projects to help ensure that MSI is able to lawfully collect, analyse, and transfer personal data among its international operations.
Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 3
Fielding a ‘very responsive and skilled’ outfit, the White & Case LLP white-collar practice has extensive experience of handling multi-jurisdictional investigations brought by domestic and global enforcement authorities in relation to bribery, money laundering, and tax evasion. The team collaborates closely with the firm’s dedicated EU and UK sanctions department, providing bespoke advice to corporations on sanction compliance measures, along with negotiating sanctions clauses in supply and trade agreements. Both Jonah Anderson and Anneka Randhawa head the group, with the former being an AML expert, and the latter addressing financial crime issues and criminal defence. Genevra Forwood focuses on financial sanctions, and counsel Joseph Carroll is also noted.Practice head(s):
Jonah Anderson; Anneka Randhawa
Other key lawyers:
Genevra Forwood; Sara Nordin; Lawson Caisley; Joseph Carroll; Edward Pearson; Laura Higgins
Testimonials
‘Anneka Randhawa and Jonah Anderson continue to go from strength to strength at White & Case. Anneka is incredibly intelligent, has a structured and focused mindset and deep experience in conducting global investigations. Jonah is a master in the field of AML, with an ever growing reputation in this field.’
‘The White & Case team is very responsive and skilled in following complex multi-jurisdictional cases.’
‘Anneka Randhawa can quickly understand and address complex situations, including those where an understanding of foreign laws is required. She is also excellent at organising and managing the complex processes necessary when non-legal professionals (such as forensic specialists and expert witnesses) become necessary.’
‘Jonah Anderson is fast becoming an anti-money laundering expert and is the go-to lawyer on the subject for his clients.’
‘Anneka Randhawa has developed a particular expertise advising clients in the mining sector.’
‘Anneka Randhawa – intelligent and driven partner with good legal and practical sense.’
‘Jonah Anderson and Anneka Randhawa have done a brilliant job building a thriving corporate practice at White & Case, delivering commercial, pragmatic advice to sophisticated fintech and mining companies.’
‘Jonah Anderson is the guru in the London market on complex money laundering issues.’
TMT (technology, media and telecoms) > Fintech Tier 3
White & Case LLP‘s far-reaching fintech offering encompasses regulatory matters, data, financial crime and financial products. Among other strengths, the team is well regarded for its ability to support fast-growth point of sale firms as they develop their products. Jonathan Rogers, who heads up the UK fintech practice, has a proven track record in payments advice dating back to the passing of PSD1 in 2009. His London colleague Guy Potel is the global head of the fintech interest group and is well placed to advise on M&A work involving fintechs. Jonah Anderson’s transatlantic practice spans due diligence and emerging markets investigations. Helen Pantelides is well versed in growth equity mandates, while regulatory perimeter issues, corporate transactions, and interactions with regulators are among Mark Smith’s areas of expertise.Practice head(s):
Jonathan Rogers; Guy Potel
Other key lawyers:
Key clients
LHV
WorldRemit
SAMA
Celsius
Mercedes Pay
Meta
Prism
Amazon
Bud Financial
Pollinate
Work highlights
- Acting for AS LHV Pank, an Estonian bank, on the transfer of its UK ‘banking as a service’ to a new UK subsidiary.
- Advised WorldRemit on financial regulatory matters related to its international regulated business.
- Advised the Kingdom of Saudi Arabia’s Central Bank to evaluate, advise on and draft the regulatory framework for open banking.
Corporate and commercial > EU and competition Tier 4
Praised as ‘highly experienced, incredibly pragmatic and entirely unflappable’, White & Case LLP‘s London team is well positioned to act for some of the world’s leading corporates on the full scope of competition law matters, including merger control, cartel investigations and state aid. The practice regularly works in collaboration with the firm’s global network on a steady stream of high-profile transactions. The ‘highly experienced’ practice head Marc Israel is praised by clients and peers alike for his expertise in complex multi-jurisdictional merger control proceedings. The team has been bolstered by the arrival of Michael Engel who joined from Kirkland & Ellis International LLP. Engel is noted for his expertise across the full spectrum of competition law, in particular advising on multi-jurisdictional merger reviews. Alexandra Rogers has left the practice to join Norton Rose Fulbright.Practice head(s):
Marc Israel
Other key lawyers:
Michael Engel; James Killick; Genevra Forwood
Testimonials
‘The team provides advice in a very commercial way; they see the issues holistically.’
‘The team anticipates issues and is 3 steps ahead so clients can be prepared for any eventuality.’
‘Marc Israel provides advice in a clear way which is easy to digest and for business people to understand.’
‘The team at White & Case are highly experienced, incredibly pragmatic and entirely unflappable. They helped us to work through the issues in a methodical way and enabled us to reach a positive outcome. They always presented options when these existed to enable us to select the way forward that best suited our business, our budget and our appetite for risk.’
‘Marc Israel is highly experienced, very calm and adept at describing the issues and options in an easily digestible way. Marc’s experience enables him to exude confidence which in turn makes you as client more confident in the way forward.’
‘The firm’s breadth of experience – it has dealt with most situations before, which makes a big difference.’
‘The team is very proactive. It also seeks innovative solutions. It identifies potential issues and goes a step further in looking for solutions. The team also has excellent FDI capacity and a good network to call on in jurisdictions where they are not present.’
‘Marc Israel is excellent. His advice is spot on and practical. He is great to have on your side. He thinks with you and looks for creative solutions.’
Key clients
Amazon
Argus Media
Autoliv
Avast
Blackstone
Blue Water Energy
Bulgarian Energy Holding
Cobepa
CVC Capital Partners
Deliveroo
Eco-Bat
Hill House
Iconix
Kobalt Music Group / AWAL
Lenovo
Macquarie Asset Management
Merck
Meta/WhatsApp
Micula
Mubadala
Nexans
NTN
Perwyn Capital
Pfizer Inc.
Seplat Energy
Servier
Synthetic Rubber
Synthos
Trainline
Work highlights
- Advising AWAL, a leading provider of services to independent recording artists, on the CMA’s Phase 2 investigation into the sale of its recorded music operations to Sony Music Entertainment.
- Advising Avast – a leading global provider of anti-virus software – in connection with its US$ 8.1 billion merger with NortonLifeLock to create a global leader in antivirus and consumer security.
- Advising Symrise, one of the world’s leading fragrance producers, on cartel investigations in the UK, EU and US (as well as Switzerland).
Corporate and commercial > Financial services: non-contentious/regulatory Tier 4
White & Case LLP handles a broad range of mandates, from funds regulation, banking M&A, capital markets regulation, SFDR and anti-money laundering to fintech and payment services, ESG and market disclosure. Praised as an ‘excellent strategic and lateral thinker, combined with an ability to cut to the core issues and key risks facing clients’, practice leader Jonathan Rogers focuses on banking regulatory issues, technology transaction projects and fund structurings, as well as fintech and payment services matters. Other key contacts in the group include Kristen DiLemmo and counsel Laura Kitchen.Practice head(s):
Jonathan Rogers
Other key lawyers:
Testimonials
‘Impressive coverage over all areas of financial services. Very responsive and hands on assistance and support for clients.’
‘Jonathan Rogers is an excellent strategic and lateral thinker, combined with an ability to cut to the core issues and key risks facing clients. Hands-on approach combined with gravitas and a clear, straightforward communication style means that the advice provided is incisive, pragmatic and solutions focused.’
Key clients
Crédit Agricole
Itau BBA International
Saudi Arabian Monetary Authority (SAMA)
Oaktree Capital
Amazon
Meta
WorldRemit
AS LHV Pank
Eurazeo
The Liquidity and Sustainability Facility (“LSF”)
Work highlights
- Advising Crédit Agricole on cross-border regulatory matters.
- Advised Itau Unibanco on a $500m capital injection into its UK subsidiary bank Itau BBA International plc.
- Advising the Saudi Central Bank (SAMA) on regulatory matters.
Corporate and commercial > M&A: Upper Mid-Market And Premium Deals, £750m+ Tier 4
Working on UK, European and global deals out of its London office, the corporate M&A team at White & Case LLP has ‘excellent skills in M&A and premium deals.’ The team regularly handles public company and financial services M&A, as well as technology transactions and investments for multinationals, banks, financial sponsors, UK plcs and hedge funds, across a range of sectors including energy and natural resources, mining and metals and pharmaceuticals. Philip Broke, a corporate finance and high-end M&A expert, heads the team, which also includes Allan Taylor, who often advises clients in the natural resources sector. Shareholder activism specialist Tom Matthews is another key player in the team, alongside recently made up partner Sonica Tolani, who offers experience in Takeover Code and listing rule transactions across all industry sectors. The ‘extraordinary’ Hyder Jumabhoy, co-heads the financial services M&A practice, assisting with restructurings, disposals, joint ventures and business integrations. With a specialism in the technology sector, cross-border M&A lawyer Ian Ivory joined the team from BCLP in January 2023, and experienced public M&A specialist Patrick Sarch joined the firm from Hogan Lovells International LLP in February 2024. Dominic Ross left to join Clifford Chance LLP’s corporate department in October 2022.Practice head(s):
Philip Broke
Other key lawyers:
Allan Taylor; Tom Matthews; Sonica Tolani; Hyder Jumabhoy; Ian Ivory; David Lewis; Richard Wilson; Patrick Sarch
Testimonials
‘The White & Case LLP team has excellent skills in M&A and premium deals. They are also strong in providing creative and workable solutions to unique/ first-time problems facing deals.’
‘The partners at White & Case are very knowledgeable and accessible. They work closely with clients to solve problems and push deals to completion.’
‘Given its size, W&C is in a position to advise on all legal matters related to an M&A transaction. We very much appreciated that one partner, Hyder Jumabhoy, coordinated everything but the entire staff was extremely friendly and helpful. W&C is a large law firm yet we found we were in a personal environment.’
‘Hyder Jumabhoy is just an extraordinary lawyer. It is a pleasure to work with him, since he is always available, coordinates any legal issues, shows leadership and is business-minded. He does not become obsessed by legal details but keeps in mind the clients’ business interests and navigates the client through negotiations and completion. As inhouse counsel it is just great to have such a lawyer.’
Key clients
Avast PLC
Brookfield Infrastructure
GSK PLC
Gorillas
Seplat Energy Plc
Triton Investment Management Limited
Derco Group
Tink
Nostrum Oil & Gas plc
Fenwick
Antin Infrastructure
Neste
Somoil
Ocean Outdoor
Work highlights
- Represented Avast plc, the FTSE 100 global leader in digital security and privacy, on its US$9.2 billion merger with NortonLifeLock.
- Represented Brookfield Infrastructure in connection with its £4.08 billion recommended offer for HomeServe plc, a home repairs and emergency services group with businesses across the UK, US, Europe and Asia.
Corporate and commercial > Private equity: transactions – high-value deals (£250m+) Tier 4
White & Case LLP‘s diverse roster of sponsor clients – ranging from major PE houses to sovereign wealth funds and growth funds – turn to the ‘commercial and practical‘ team for its capabilities across a range of transactions, most recently in the tech, payment services, and healthcare sectors. Practice head Richard Jones is particularly noted for his capabilities across energy, real estate, and financial services, with recent engagements including multijurisdictional acquisitions in the renewables space. Ross Allardice is noted for his healthcare and life sciences work, while Kenneth Barry – a prolific adviser within the team – is praised by clients for his ‘unparalleled‘ deal expertise. Other key figures include Will Summers, lauded for his ‘exceptional talent and dedication‘ on high-profile sponsor-side work, while Lucy Bullock is described by one client as an ‘extremely impressive‘ deal adviser, who works with some of the firm’s leading international clients.Practice head(s):
Richard Jones
Other key lawyers:
Testimonials
‘They are incredibly responsive and the team works together like a well-oiled machine. They are on top of most recent trends and deal technology and at same time they always maintain a commercial and practical approach.’
‘Ken’s expertise is unparalleled. His deep understanding of complex transactions and his ability to execute extremely quickly and efficiently set him apart from his peers. His strategic focus, combined with his exceptional negotiation skills, have consistently provided us with a competitive edge.’
‘Will’s rapid ascent is a testament to his exceptional talent and dedication. His sharp focus, attention to detail and pragmatism have consistently impressed us over the last 10 years.’
‘Very high quality team; diligent, commercial and a pleasure to work with.’
‘Lucy Bullock in particular is extremely impressive. She not only takes the time to understand complex structures but finds commercial solutions and is an exceptional negotiator.’
Key clients
Advent
Anchorage Capital Group
Antin
Ara Partners
Blackstone
Bluewater Energy
Caisse de dépôt et placement du Québec (CDPQ)
The Carlyle Group
CVC Capital Partners
Development Partners International
EQT
Eurazeo
Goldman Sachs
JP Morgan Infra Fund
Macquarie Group
Metric Capital
MidEuropa
Mubadala
Nets Holding A/S
Nordic Capital
Novator
Oaktree
One Equity Partners
Providence Equity Partners
QIA
Triton Partners
Work highlights
- Representing Goldman Sachs Asset Management Division on its acquisition of a controlling stake in leading European specialty pharmaceuticals company Norgine BV.
- Representing The Carlyle Group on its acquisition of a majority stake in international digital marketing agency Incubeta Holdings International Limited.
- Representing Eurazeo SA on its £355 million investment of up to 34% of BMS Group Ltd, the United Kingdom based provider of products and solutions to the insurance and reinsurance industry and large commercial clients, valuing BMS at £1.75bn.
Dispute resolution > Public international law Tier 4
White & Case LLP‘s London team consistently litigates claims involving PIL issues. The firm's global PIL practice is headed by Andrea Menaker, who focuses exclusively on investment treaty arbitration; while fellow co-head of the London investment arbitration practice, David Goldberg, is experienced in representing sovereign states in high-stakes investor-state claimsPractice head(s):
Andrea Menaker
Other key lawyers:
David Goldberg; Agnieszka Zarówna
Testimonials
‘They have the mindset to perform at the highest level every day. This makes the practice unique.’
‘Agnieszka Zarówna has a high reputation in the arbitration community. She is strategic, cooperative, pragmatic and pleasant to work with. This allows her to build very positive and strong relationships with clients and fellow practitioners alike and to always seem in control of matters, no matter how challenging.’
‘An exceptionally experienced team.’
‘Andrea Menaker offers expertise and experience.’
Key clients
The Islamic Republic of Pakistan
The Republic of India
The Ministry of Foreign Affairs of Japan
The Republic of Peru
Kappes, Cassiday & Associates
Orazul International España Holdings
TECO Guatemala Holdings
JSC Tashkent Mechanical Plant
JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan
JSCB Asaka
JSCB Uzbek Industrial and Construction Bank
Kornikom EOOD
Work highlights
- Representing the Islamic Republic of Pakistan in a rare ICSID post-award remedy, seeking to revise the largest damages award ever issued by an ICSID tribunal.
- Representing the claimants (Daniel W Kappes and Kappes, Cassiday & Associates) in an ICSID arbitration against Guatemala under the DR-CAFTA, which relates to the suspension of operations at one of the claimants’ mines.
- Defending India against an UNCITRAL investment arbitration brought by three shareholders of local company Devas Multimedia Privat.
Real estate > Environment Tier 4
The environment practice at White & Case LLP has strong abilities to assist its clients on matters including energy transition, renewable power, green and sustainable finance in addition to its work advising on the environmental aspects of large-scale transactions. It has a particular presence assisting on projects in the Saudi Arabian and UAE market. Michael Watson and counsel Tallat Hussain who has a specialism in ESG work, co-head the practice which was bolstered in October 2022 by the arrival of experienced environment consultant Anna Janas who joined the team from an in-house role.Practice head(s):
Michael Watson; Tallat Hussain
Other key lawyers:
Key clients
Triton
Nine Saudi and regional banks
Macquarie Asset Management
Dakoa consortium of institutional investors
N+P Beheer B.V.
Investment firm focussed on the agricultural commodities
Stora Enso Oyj
Verallia
Antin Infrastructure Partners
Basalt Infrastructure Partners
Oaktree Capital Management
Sellagic Investments
Work highlights
- Representing Triton in connection with its acquisition of utilities contractor OCU Group Limited involving a Term Loan B facility, an acquisition facility and a super-senior revolving credit facility.
- Representing a consortium of nine Saudi and regional banks in connection with the approximately $2bn Shari’ah-compliant project financing of Advanced Polyolefins Industry Company’s petrochemical complex.
- Representing Macquarie Asset Management on its purchase of a significant minority stake in Virtus Data Centres group from ST Telemedia.
Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals) Tier 5
White & Case LLP has ‘excellent breadth’ in its white-collar and investigations team, frequently advising clients in multi-jurisdicitonal criminal investigations relating to data, money laundering, and regulatory matters. The firm draws on its network of international offices to provide guidance to c-suite executives, high-net-worth individuals, and politicians subjected to proceedings conducted by domestic and foreign enforcement agencies, including the SFO, US DOJ, and FCA. Jonah Anderson and Anneka Randhawa co-head the team; Anderson, regarded by clients as ‘hardworking and strategic’, handles complex internal investigations, while the 'commercial and pragmatic' Randhawa is an expert on financial crime issues.Practice head(s):
Jonah Anderson; Anneka Randhawa
Other key lawyers:
Edward Pearson; Laura Higgins; Lucy Rogers
Testimonials
‘This is a busy team with the ability to handle large and complex criminal and regulatory investigations.’
‘Jonah Anderson is excellent. He bring significant value to any case. His wide ranging experience means that he provides holistic advice. He also obtains a deep understanding of the client’s business and its needs. He is entirely client focussed, always available and clients find in Jonah a superb lawyer who can speak their language and act as a wise head.’
‘There is excellent breadth in the team covering everything from anti-money laundering advice through to complex internal investigations. The team is well led by Jonah and Anneka who are supported by an excellent team of juniors. The money laundering knowledge in particular within the team is second to none.’
‘Jonah Anderson is hardworking, strategic and incredibly user-friendly. He is always two steps ahead, able to see through the knotty weeds of an investigation. He is approachable but not to be underestimated.’
‘Jonah Anderson and Anneka Randhawa have done a brilliant job building a thriving practice at White & Case, delivering commercial and pragmatic advice to a number of high-net-worth individual clients.’
‘Jonah Anderson is the guru in the London market on complex money laundering issues. Ed Pearson and Lucy Rogers are fantastic associates.’
Work highlights
Corporate and commercial > Corporate tax Tier 6
India > Foreign firms Tier 1
With notable strength in capital markets, corporate and M&A, and disputes, the India practice at White & Case LLP acts for an impressive roster of high-profile international clients seeking to invest in India, as well as advising Indian clients on their investments abroad. Drawing on the firm’s large global network, the practice regularly handles cross-border India-related matters for multinational corporations and banks. London-based practice head Dipen Sabharwal KC is highly regarded for his international arbitration expertise and is triple-qualified in India, New York, and England and Wales. Nandan Nelivigi, in New York, is the key name for energy, projects, and infrastructure financing; Aloke Ray KC and Aditya Singh take point on large international arbitrations from London and Singapore, respectively.Practice head(s):
Dipen Sabharwal KC
Other key lawyers:
Nandan Nelivigi; Aloke Ray KC; Aditya Singh; Sayak Maity
Testimonials
‘The team is very knowledgeable and diligent.’
‘Sayak Maity gives very practical advice, is sharp and extremely hard-working. It helps more that he is always available for discussions and is very diligent.’
Key clients
Adani Enterprises Limited
Adani Road Transport Ltd.
Advent International
Apax India
Axis Capital
CLSA India
BofA Securities India Limited
Byju’s Pte. Ltd.
The Carlyle Group
Hillar Teder, Rauno Teder, Juri Pold, Retail Real Estate OU and Ekspert Kapital
ICICI Securities Limited
The Islamic Republic of Pakistan
General Atlantic
Jefferies India Private Limited
JM Financial Limited
JP Morgan India Private Limited
Kotak Mahindra Capital Company Limited
The Ministry of Foreign Affairs of Japan
Morgan Stanley India Private Limited
Reliance Industries Limited
The Republic of India
Sterlite Technologies Limited
Trukker
WizRocket, Inc.
Zip Co Limited
Work highlights
- Represented Reliance Industries Limited and ADNOC in connection with a US$4bn petrochemical complex in Abu Dhabi, the first investment by Reliance in the region.
- Represented Adani Enterprises Ltd in connection with a partnership between Adani and TotalEnergies to jointly create the world’s largest green hydrogen ecosystem, under which the intention is to invest upwards of US$50bn in green hydrogen and the associated ecosystem over the next 10 years.
- Representing the Republic of India in various cases, including in an UNCITRAL investment arbitration brought against India by three shareholders of local company Devas Multimedia Private Limited.
Angola > Foreign firms Tier 2
With a ‘client-oriented approach’, White & Case LLP advises both domestic and foreign companies in Angola, especially in the oil and gas, telecoms, and infrastructure sectors. Mukund Dhar leads the firm’s Africa practice group from London, and guides clients through joint ventures, acquisitions, project development, financings, and intricate commercial contracts. Based in New York, Jorge Mattamouros handles cross-border disputes, with a focus on Lusophone countries.Practice head(s):
Mukund Dhar
Other key lawyers:
Jorge Mattamouros; Jason Kerr; Melissa Butler; Nicholas Mascheras; David Murray
Testimonials
‘White & Case works in Angola through its office in the UK and is focused on international transactions.’
‘Mukund Dhar is a fierce and highly competent negotiator. He is the go-to lawyer for complex transactions.’
‘Nicholas Mascheras is outstanding when it comes to negotiating a multijurisdictional facility. David Murray works in Mukund Dhar’s team and is also deeply knowledgeable of the Oil & Gas market.’
‘This practice is unique due to the highly qualified knowledge and expertise of its lawyers, high responsiveness, and their client-oriented approach.’
‘Melissa Butler is highly professional and has outstanding skills in dealing with complex and sophisticated matters.’
Key clients
PT Ventures SGPS, S.A.
Citigroup and Deutsche Bank
Somoil – Sociedade Petrolífera Angolana, S.A.
Liquidity and Sustainability Facility Designated Activity Company (the “LSF”)
Hungarian Export-Import Bank Plc
Work highlights
- Acted for Citigroup and Deutsche Bank as arrangers and dealers on the Republic of Angola’s update of its global medium term note programme.
China > Banking and finance: foreign firms Tier 2
‘Highly focused on making sure deals get done‘, White & Case LLP is consistently involved in sizeable Greater China finance transactions, and in addition to the firm’s widely respected lender-side work, the practice has significant borrower financing capabilities. The team is also increasingly active on behalf of alternative capital providers. In Beijing, David Li focuses predominantly on China inbound and outbound financing deals, and associate Cherry Zhou acts for Chinese and international financial institutions and borrowers on acquisition, corporate and project finance transactions. Over in Shanghai, senior consultant Frank Shu is experienced in acquisition, structured and real estate finance. Hong Kong-based Eugene Man, an expert in leveraged financing and structured private debt, leads the Asia-Pacific banking and capital markets practice, and Baldwin Cheng, who actively contributes towards the development of the firm’s sponsor-side financing practice, routinely acts for alternative capital providers and private equity funds.Practice head(s):
Eugene Man
Other key lawyers:
David Li; Baldwin Cheng; Frank Shu; Cherry Zhou; Manley Leung
Testimonials
‘The team is highly focused on making sure deals get done.’
‘Super-helpful in every way, always willing to go above and beyond, and responsive.’
‘They provide consistently high-quality legal advice – very technical and also commercially minded.’
‘Flexible on billing practices, and a strong bench of partners, counsel and associates.’
‘Eugene Man is extremely knowledgeable, and able to help banks and borrowers alike achieve fair deals. Always available and open-minded.’
Key clients
Advent International
Asian Development Bank
Barclays Bank
BDO Unibank
BNP Paribas
Brookfield Asset Management
Citigroup
CMOC Group
Deutsche Bank
Dignari Capital Partners (HK)
DigitalBridge Group
ICBC International Finance
International Finance Corporation
Oaktree Capital Management
RRJ Capital
TA Associates
Work highlights
- Advised International Finance Corporation, Asian Development Bank, Deutsche Investitions- und Entwicklungsgesellschaft, and Société de Promotion et de Participation pour la Coopération Economique on a $150m syndicated blue loan for Bank of Qingdao.
- Advised CMOC Group on a groundbreaking $600m bridge and five-year pre-export financing, arranged by China Construction Bank (Asia) Corporation.
- Advised RRJ Capital on its recapitalisation buy-out merger of Singapore-based Fullerton Healthcare Corporation.
China > Corporate and M&A: foreign firms Tier 2
Mozambique > Foreign law firms Tier 2
White & Case LLP advises global corporations, financial organisations, and governmental bodies on various contentious and non-contentious matters. The firm’s Africa division is managed by Mukund Dhar in London, who assists clients in the energy, natural resources, infrastructure, and telecoms sectors, with projects, joint ventures, acquisitions, and commercial agreements. London-based Jason Kerr brings expertise in international finance to the team, advising a range of clients including commercial banks, export credit agencies, project sponsors, and multilateral lending institutions.Practice head(s):
Mukund Dhar
Other key lawyers:
Jason Kerr; Rebecca Campbell
Key clients
Republic of Mozambique
Vale
JBIC
NEXI
China Exim
US Exim
ECIC
Atradius
SACE
Mauritius Commercial Bank
Syrah Resources
Axian Energy Green Limited
Work highlights
- Represented Vale on its disposal of the Moatize coal mine and the Nacala rail and port corridor located in Mozambique and Malawi to Vulcan Minerals.
- Advised the financiers on a landmark US$20+ billion project financing of Mozambique’s first onshore LNG development, Mozambique LNG.
- Advised the Mauritius Commercial Bank Limited on its financing of the expansion and conversion of the fuel source of a 60-80 MW powership project in Mozambique and associated FSRU.
Singapore > Projects: foreign firms
United States > Finance > Restructuring (including bankruptcy): corporate
Italy > Capital markets: Debt
The US, English and Italian capital markets practitioners at White & Case (Europe) LLP cover EMTN and GMTN programmes, Eurobonds and Euro and private placements, along with high-yield and Yankee bonds, and green, social and sustainable bonds. The practice also brings expertise to matters involving hybrid securities, project bonds, liability management deals and structured products. The department is co-led by securitisation specialists Giuseppe Barra Caracciolo and Gianluca Fanti, along with capital markets experts Ferigo Foscari, Michael Immordino, Tommaso Tosi, Francesco Scebba and Evgeny Scirtò Ostrovskiy. Also of note are Pietro Magnaghi and Alessandro Picchi, who were promoted to partner in January 2024.Practice head(s):
Giuseppe Barra Caracciolo; Gianluca Fanti; Ferigo Foscari; Michael Immordino; Tommaso Tosi; Francesco Scebba; Evgeny Scirtò Ostrovskiy
Other key lawyers:
Testimonials
‘The team is able to assist clients by leveraging both its international network and multidisciplinary skills and competencies.’
‘The individuals are very competent and always available for clients.’
‘Able to assist clients with different approaches depending on who the counterparty is.’
Key clients
Autostrade per l’Italia
Bank of America Merrill Lynch
Barclays
BNP Paribas
Cassa di Risparmio di Asti
Cassa di Risparmio di Biella e Vercelli – Biverbanca S.p.A.
Citigroup
Crédit Agricole
Credit Suisse
CVC Capital Partners
Deutsche Bank
Enel
Enel X
Goldman Sachs
Hertz
HSBC
Intesa Sanpaolo
JP Morgan
Morgan Stanley
Mundys
Oaktree Capital Management
Stellantis
Société Générale Corporate & Investment Banking
Work highlights
- Advised Enel Group in connection with a $4bn issuance of Yankee bonds.
- Advised Autostrade per l’Italia S.p.A., as issuer, on the update of its €7bn EMTN programme.
- Advised Cassa Risparmio di Asti S.p.A., as originator, in connection with a €40m, multi-originator securitisation (arranged by Illimity Bank S.p.A.) of receivables granted to Italian SMEs.
Qatar > Commercial, corporate and M&A
Charbel Abou Charaf who also works from the firm's London office, heads the corporate and M&A offering from White & Case LLP Doha; Charaf is an experienced practitioner with particular expertise regarding local and outbound M&A and equity capital markets matters. High-profile M&A transactions are an area of strength for the team, with additional experience in Islamic finance, real estate & construction, and restructuring. The team collaborates with international colleagues across the wider MENA region as well as the US and Europe. Elias Choueifati is also recommended for his in-depth knowledge of the commercial and legal landscape in Qatar.Practice head(s):
Charbel Abou Charaf
Other key lawyers:
Key clients
Qatar Investment Authority
Elegancia Group
Qatar Electricity & Water Company
United Development Company Q.P.S.C.
Es’hailSat
Credit Suisse
Qatar Petroleum
Qatari Diar
QatarEnergy
Ooredoo Q.P.S.C.
United Arab Chemical Carriers Limited
Nasser bin Khaled Al Thani & Sons (NBK)
Supreme Committee for Delivery & Legacy
Barwa Real Estate
Katara Hospitality
Amwal LLC
Qatar Free Zone Authority
Work highlights
- Advising the Supreme Committee for Delivery & Legacy (SC), the body responsible for the organisation of the FIFA World Cup Qatar 2022™.
- Advised Elegancia in relation to the $707m acquisition of its entire issued share capital by IHG, a company listed on the Qatar Stock Exchange (“QSE”), in consideration for shares issued by IHG.
- Advised Ras Laffan Operating Co (ROC), a subsidiary of Qatar Electricity & Water Company QPSC (QEWC), in the $530m acquisition of 40% of the share capital of Nebras Power from Qatar Holding.
Ghana > Foreign firms
White & Case LLP is active in a range of complex projects, transactions and disputes in Ghana. Led by senior partner Mukund Dhar, the team has a wealth of experience in advising clients in the power, oil and gas, infrastructure, mining and metals, water and wastewater treatment sectors. The group is also strong in advising transport, pharmaceutical and real estate sector companies. Dhar heads up the Africa interest group in the firm, and is recognised for his expertise in project development and finance matters. Joshua Siaw acts for corporates, governments, banks and other financial institutions in cross-border project development and finance transactions in Africa. Christopher Czarnocki is a key name for handling debt and equity finance transactions.Practice head(s):
Mukund Dhar
Other key lawyers:
Christopher Czarnocki; Prema Govind; Joshua Siaw
Testimonials
‘The team has provided comprehensive advice towards negotiating and financing a power project. Particularly, the team has brought on-board high-level understanding of the energy sector.’
‘They have the ability to navigate through the complexities of the project to find tailored solutions and manage risks.’
‘The individuals I have worked with demonstrate professionalism and teamwork. Each individual has collaborated well with local counsels to advance the project so far. Each individual’s ability to provide key comprehensive advice and solutions towards the project has been valuable.’
‘I have worked with Christopher Czarnocki, Prema Govind and Mukund Dhar. In our work, I have valued their ability to respect individual professional opinions and meet deadlines which has advanced the project. Again, each individual has shown great level on commitment on the project.’
‘The team is very thorough and pays attention to detail. Very conversant with the subject matter area.’
Key clients
Helios Investment Partners and Tema LNG Terminal Company Ltd
Moove Africa B.V.
Standard Bank
African Export Import Bank
Work highlights
- Assisting the Ministries of Finance and Energy of Ghana in connection with the monetisation of royalties payable to the state by companies operating in the gold commodity sector.
- Advising Helios Investment Partners and Tema LNG Terminal Company Limited on the financing and project development of a liquefied natural gas terminal in Tema, Ghana, and related floating infrastructure vessels.
- Acting for the Republic of Ghana in relation to the update of its global medium-term note (GMTN) program, issuance thereunder of $ 3.25bn (in aggregate) notes and tender offer for outstanding notes.
Italy > Capital markets: Equity
The large US, English, and Italian capital markets team at White & Case (Europe) LLP advises on IPOs, rights issues, secondary offerings, accelerated book buildings, private investments in public equity and equity-linked products. At the Milan office, Ferigo Foscari brings experience working on semiconductor and microelectronic manufacturer Technoprobe’s IPO. Milan and London-based Michael Immordino regularly acts for investment banks and issuers on public and private equity offerings. Other key figures include Piero de Mattia and Italian and US-qualified lawyer Evgeny Scirtò Ostrovskiy. Alessandro Picchi and Pietro Magnaghi were promoted to partner in January 2024.Practice head(s):
Ferigo Foscari; Michael Immordino; Piero de Mattia; Evgeny Scirtò Ostrovskiy
Other key lawyers:
Testimonials
‘Excellent professionals, pairing commercial spirit with product knowledge and a large team.‘
‘Piero de Mattia is a true professional.‘
Key clients
Banca Monte dei Paschi di Siena
Banca Popolare di Bari
Bank of America Merrill Lynch
Barclays
BNP Paribas
Citigroup
Crédit Agricole
Credit Suisse
Deutsche Bank
Enel and Enel X
Goldman Sachs
Hertz
HSBC
Intesa Sanpaolo
JP Morgan
Mediobanca
Monte dei Pachi di Siena
Morgan Stanley
Mundys
Natixis
NatWest Markets
Oaktree Capital Management
Pemberton Asset Management
Republic of San Marino
Stellantis
Société Générale Corporate & Investment Banking
Technoprobe
Work highlights
- Advised Banca Monte dei Paschi di Siena S.p.A. on the US law aspects of its €2.5bn rights issue, pursuant to Regulation S and Rule 144A under the US Securities Act.
- Advised Intesa Sanpaolo S.p.A. on the placement of 5.1% of the share capital in Nexi, an Italian company in the digital payment solutions market.
- Advised Mediobanca, as listing agent, in connection with a change in Technoprobe’s listing from Euro Growth Milan Exchange to Euronext Milan.
Morocco > Foreign firms
White & Case LLP‘s presence in the Morocco comes through the firm’s London office. The firm is active across several sectors, including construction, energy, and finance. Paule Biensan represents various lenders in financing desalination, irrigation, and mining projects. Mukund Dhar chairs the firm’s Africa practice group.Practice head(s):
Mukund Dhar
Other key lawyers:
Key clients
Bank of Africa
European Bank for Reconstruction and Development
Casablanca Desal Financing
MNX Global Logistics
NAIC and OCP
Chaabi International Bank Offshore (Banque Centrale Populaire Group), Société Générale and Attijariwafa Bank Europe
Work highlights
- Representation of Bank of Africa in connection with various amendments relating to the Chtouka seawater desalination plant project in Morocco, to enable it to be financed.
Qatar > Projects, real estate and construction
The project development and finance, construction, and dispute resolution-focused teams at White & Case LLP in Doha have ‘great knowledge of the region‘: with leadership from Payvand Vahdat in Doha, Michael Turrini in Dubai and Philip Stopford in London, the team pairs regional strength with local expertise. Energy projects are an area of expertise for the team, which has a longstanding relationship with QatarEnergy which is spearheaded by Stopford. The project finance team are ‘recognised experts‘ in the market. Both front-end construction work and construction disputes are strengths, Vahdat in particular is a key name for arbitration in the construction sector.Practice head(s):
Philip Stopford; Payvand Vahdat; Michael Turrini
Other key lawyers:
Verena Gross; Farah Haider
Testimonials
‘When working on an international arbitration with Payvand Vahdat, he took a hands-on approach and gave sage advice.’
‘Verena Gross is extremely bright. Her ability to seamlessly digest information is tremendous, her drafting is first-rate, as are her cross-examination skills. She successfully managed the entire process, much to the satisfaction of her client. She is also marvellous to deal with.’
‘Farah Haidar is also an excellent lawyer who delivers and produces fantastic work and is a pleasure to work with.’
‘Good established leadership in project finance, with recognised experts. Advice is comprehensive and actionable.’
‘Philip Stopford is great in project finance.’
‘Great knowledge of the region having had a strong presence in Qatar for a number of years, coupled with the highly competent team of lawyers who have extensive experience of the construction projects, makes White & Case a go-to firm for construction disputes.’
‘Michael Turrini consistently develops great relationships with clients that allow him to provide considered and genuine advice on strategic dispute matters.’
‘Verena Gross is technically excellent, her knowledge of contract law is exceptional and she always ensures she gets into the detail of a dispute so can provide clear advice on the merits of her client’s case.’
Key clients
QatarEnergy
Qatargas Operating Company
Qatar Aluminium Limited (Qatalum)
Qatar Investment Authority
Ras Laffan Petrochemical Company
Work highlights
- Advising QatarEnergy and its joint venture partner in connection with a US$6bn petrochemical complex in Ras Laffan, Qatar.
Algeria > Foreign firms
White & Case LLP has established a strong reputation among both domestic and foreign companies doing business in Algeria, utilising the firm’s extensive international network to advise on complex cross-border transactions. Mukund Dhar is a leading figure in London, while in Paris, Christophe von Krause is a leading international arbitration practitioner and is particularly active in disputes arising in the construction, oil and gas, hotels and leisure, and pharmaceuticals sectors.Practice head(s):
Mukund Dhar; Christophe von Krause
Testimonials
‘For us, what makes them unique is that they have Algerian lawyers on their team and that makes a huge difference when it comes to the Algerian legal system.’
‘Christophe von Krause is an exceptional lawyer and partner. It is so easy to communicate with him. He has a solid grasp of what is happening in Algeria concerning our company’s business at any time, and he facilitates the processes that you may have blocked by local authorities. ’
Key clients
ADES Group
Occidental Petroleum Corp (Oxy)
Work highlights
- Acted for ADES Group in connection with the $1.6bn hybrid (conventional and Islamic) financing granted to ADES Arabia Holding JSC and ADES Saudi Limited Company for the refinancing of existing debt and financing recent major acquisitions.
- Representing Oxy in the negotiation of an oil and gas concession renewal with Sonatrach relating to a major hydrocarbon asset in Algeria.
France > Construction
The group at White & Case LLP guides clients through the entire construction process, from tender to completion. Its expertise covers both advisory and contentious work, with particular areas of strength being financing, contract management, and construction arbitration and litigation. Construction companies and consortiums, energy companies and government clients routinely look to the group for support. The practice is led by Charles Nairac, who specialises in international arbitration.Practice head(s):
Charles Nairac
Other key lawyers:
Paule Biensan; Emma France; Omar Sinaceur
Testimonials
‘Main strengths are availability and listening to the customer. Recruitment quickly adapts to the firm’s philosophy of pragmatism.’
‘The team is very available and responsive. It provides the best advice with detailed analysis, most often beyond expectations. It also warns of risks, watches over the client’s interests and guides them towards pragmatic solutions. It is very up-to-date with new technologies in invoicing and fee justification.’
‘Paule Biensan – competence, perfect knowledge of the history, pragmatism, experience of financing with pools of development banks. Emma France – availability, speed, adaptation to the context.’
‘Very professional and knowledgeable team, good negotiation skills. Very high quality service.’
‘Paule Biensan is very experienced – she always has a pragmatic solution at hand. She is available, attentive and listens to the customer, always exceeding expectations. Omar Sinaceur is very competent, pragmatic, always committed and well motivated to overcome obstacles. He is friendly and available.’
Key clients
EDF Renouvelables and Zero Waste (“Green Fuel Alliance”)
ITER
Katara Hospitality
Atinkou
Eranove
AfDB
BII
EIB
Eiffage
SECAA
Arise
Acciona Agua
Green of Africa
Afriquia Gaz
Wärtsilä Development & Financial Services
Proparco
EBRD
DEG
WeBuild (formerly Salini Impregilo S.p.A)., Jan De Nul N.V., Grupo Unidos por el Canal, S.A. (Panama Canal)
Commisimpex
Ministry of Justice of Georgia
Work highlights
- Assisted EDF Renouvelables and Zero Waste (together ‘Green Fuel Alliance’) with the joint development of a large scale green hydrogen and green ammonia project consisting in the design, engineering, procurement, financing, construction and operation of a bunkering station powered by renewables.
- Represented ITER, an international organization created by China, the European Union, India, Japan, Korea, Russia and the United States of America, in relation to the construction of the world’s largest tokamak, a magnetic fusion device designed to prove the feasibility of fusion as a large-scale and carbon-free source of energy, in the south of France.
- Represented Grupo Unidos por el Canal S.A. and its international shareholders WeBuild, Sacyr S.A., and Jan De Nul N.V., in a dispute with the Panama Canal Authority relating to the $5.5bn Panama Canal expansion project.
Saudi Arabia > Real estate and construction
The team at White & Case specialises in advising on large-scale project development work for the Saudi Arabian government. Michael Turrini heads the practice from Dubai. In March 2023, Karim Mariey relocated from the firm's London office and divides his time between Riyadh and Dubai.Practice head(s):
Michael Turrini; Karim Mariey
Hong Kong > Structured finance and securitisation
White & Case represents a wide array of clients in both international and local derivatives matters, spanning pivotal markets across the Asia-Pacific region. The team’s prowess is notably showcased in its coverage of derivatives designed for investment and hedging objectives, particularly excelling in equity-related transactions, with key engagements involving leading banks such as Credit Suisse. Leading the team is the ‘proactive and very diligent’ Nathaniel Crowley, who boasts significant expertise in OTC derivatives, structured finance, and a range of lending transactions. Further bolstering the team is Xuan Jin, whose specialisation in debt capital markets is accentuated by niche proficiencies in sustainable finance and Islamic finance. This wide-ranging skill set extends beyond his representation of financial institutions to encompass sovereign entities, a testament to Jin’s versatile capabilities.Practice head(s):
Nathaniel Crowley
Other key lawyers:
Testimonials
‘Very good structured products and repackagings experience.’
‘Nathaniel Crowley is very proactive and very diligent.’
Key clients
Asian Infrastructure Investment Bank
Australia New Zealand Banking Corporation
BNP Paribas Hong Kong
Charoen Pokphand Group
Credit Agricole Corporate and Investment Bank
Credit Suisse Hong Kong Branch
EIG Global Energy Partners
SMBC Hong Kong Branch
Societe Generale Hong Kong
Timemerchant Capital
Work highlights
- Advising MidOcean Energy on its proposed acquisition of Origin Energy Limited in consortium with Brookfield Transition Fund.
- Advised Asian Infrastructure Investment Bank on its investment in US$404.8m Infrastructure Asset-Backed Securities sponsored by Hong Kong Mortgage Corporation.
- Advised BNP Paribas as sole arranger, initial purchaser and swap counterparty on a Korean credit card securitisation in respect of assets originated by Hyundai Card Co. Ltd.
South Korea > International arbitration
White & Case LLP (Foreign Legal Consultant Office)‘s international disputes practice specialises in construction work, handling high-profile and complex contentious work for a range of major Korean contractors and clients. The team is spearheaded by Singapore-based Matthew Secomb, who handles a range of commercial disputes, while the team advises on strategic and transaction-linked disputes, and contentious matters for blue-chip clients. Another key team member is London-based David Robertson, another construction expert, who also handles work for engineering, energy, and infrastructure projects.White & Case LLP > Firm Profile
White & Case is an international law firm that serves companies, governments and financial institutions. Our long history as a global firm means we are uniquely placed to help our clients resolve their most complex legal challenges wherever they are.
Industries
Learn about the breadth of our industry experience
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Lawyer Profiles
Student (Future Lawyers )
The Legal 500 Future Lawyers Verdict
White & Case is ‘global, not just in terms of the work and clients, but also its people, and the opportunity trainees have to work in other offices across the globe’. The firm is ‘US headquartered, but with a great reputation in London and worldwide’ and offers a ‘wide range of practices’, ‘high-value, market-leading deals’ and ‘amazing financial remuneration’. A ‘guaranteed international secondment’ is also part of the enviable package. It follows that White & Case has amassed six Future Lawyers Winner trophies this year. The diversity of the workforce was a theme that many respondents touched upon: the firm is ‘incredibly diverse, and this diversity is reflected all the way up to partner level’. There is also an ‘open-door policy’ and a ‘genuinely nice culture’, where trainees feel ‘involved in the team and encouraged to contribute to business and client development from the outset’. What’s more, training is ‘rigorous and structured’, with a ‘very intensive front-loaded and ongoing regime’ in place. Another big plus point is the ‘free breakfast lunch and dinner, including free Deliveroo after 8 pm!’. One of the things trainees don’t like about White & Case is the ‘inconsistency of work/life balance’, and although this is ‘to be expected from a top law firm’, there’s no denying that ‘the expectation to be online around the clock at times’ can take its toll. ‘Repeated weekend work’ and ‘late nights with filings’ are examples of times when trainees have felt overstretched. Much more fulfilling were ‘presenting a case update to the department (London and abroad)', ‘taking the reins on drafting large sections of a shareholders agreement’, and ‘conducting a mock witness cross-examination'. To work for a ‘friendly, diverse, global giant’ where the ‘nature of all the work is cross border’ consider White & Case.Legal Briefings
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Trends in German commercial litigation
Climate change, data protection and cybersecurity litigation, as well as collective redress, are major trends and will have significant impact on key industries in Germany.
Comparative Guides
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Mexico: Renewable Energy
Published: July 2023
Authors: Francisco de RosenzweigJosé Daniel Franco
This country-specific Q&A provides an overview of Renewable Energy laws and regulations applicable in Mexico.
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Germany: Enforcement of Judgments in Civil and Commercial Matters
Published: September 2023
Authors: Markus LangenDr. Dominik StierKristof Waldenberger
This country-specific Q&A provides an overview of Enforcement of Judgments in Civil and Commercial Matters laws and regulations applicable in Germany.
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EU: Merger Control
Published: February 2023
Authors: Axel Schulz
This country-specific Q&A provides an overview of Merger Control laws and regulations applicable in EU.
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United States: Merger Control
Published: October 2023
Authors: Anna KerteszTamer NagyHeather P. GreenfieldGabriela Baca
This country-specific Q&A provides an overview of Merger Control laws and regulations applicable in United States.
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United States: International Trade
Published: December 2023
Authors: David BondJay CampbellNicole ErbJessica LyndThe authors would like to thank Earl Comstock, Naoto Saika, and Joanna Anyanwu for their contributions to this chapter.
This country-specific Q&A provides an overview of International Trade laws and regulations applicable in United States.
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United Kingdom: International Trade
Published: December 2023
Authors: Chris ThomasJames Killick Sara NordinJanina Moutia-Bloom
This country-specific Q&A provides an overview of International Trade laws and regulations applicable in United Kingdom.
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France: Restructuring & Insolvency
Published: July 2023
Authors: Saam GolshaniAlexis A. HojabrAlice LeonardOphélie ClainAliénor Huchot
This country-specific Q&A provides an overview of Restructuring & Insolvency laws and regulations applicable in France.
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United States: Environment
Published: February 2024
Authors: Seth Kerschner Taylor PullinsSam McCombs
This country-specific Q&A provides an overview of Environment laws and regulations applicable in United States.
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Mexico: Securitisation
Published: March 2024
Authors: Juan Antonio MartínEric QuilesSimon MichaViridiana Alanis
This country-specific Q&A provides an overview of Securitisation laws and regulations applicable in Mexico.
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United States: Public Procurement
Published: February 2024
Authors: Melissa Taylormoore
This country-specific Q&A provides an overview of Public Procurement laws and regulations applicable in United States.
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Saudi Arabia: Securitisation
Published: March 2024
Authors: Debashis Day Greg Pospodinis Nezar Al Abbas Salvia Matonyte
This country-specific Q&A provides an overview of Securitisation laws and regulations applicable in Saudi Arabia.
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United Arab Emirates: Securitisation
Published: March 2024
Authors: Debashis Day Greg Pospodinis Salvia Matonyte
This country-specific Q&A provides an overview of Securitisation laws and regulations applicable in United Arab Emirates.
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Mexico: Banking & Finance
Published: March 2024
Authors: Andrés MosqueiraCarlos MaineroWilbert Luna ArellanesViridiana Alanis
This country-specific Q&A provides an overview of Banking & Finance laws and regulations applicable in Mexico.
- Corporate and commercial > Equity capital markets – mid-large cap
- Dispute resolution > International arbitration
- Finance > Corporate restructuring & insolvency
- Finance > Debt capital markets
- Finance > Trade finance
- Industry focus > Emerging markets
- Projects, energy and natural resources > Infrastructure: Project finance and development
- Projects, energy and natural resources > Mining and minerals
- Projects, energy and natural resources > Oil and gas
- Projects, energy and natural resources > Power (including electricity, nuclear and renewables)
- Real estate > Construction: contentious
Top Tier Firm Rankings
- Dispute resolution > Banking litigation: investment and retail
- Dispute resolution > Commercial litigation: premium
- Finance > Acquisition finance
- Finance > Bank lending: investment grade debt and syndicated loans
- Finance > Derivatives and structured products
- Finance > Islamic finance
- Finance > Securitisation
- Finance > Transport finance and leasing
- Projects, energy and natural resources > Infrastructure: M&A and acquisition financing
- Real estate > Construction: non-contentious
- Real estate > Property finance
Firm Rankings
- Crime, fraud and licensing > Fraud: civil
- Dispute resolution > Competition litigation
- Employment > Employee share schemes
- Finance > High yield
- Real estate > Commercial property: investment
- Risk advisory > Data protection, privacy and cybersecurity
- Risk advisory > Regulatory investigations and corporate crime (advice to corporates)
- TMT (technology, media and telecoms) > Fintech
- Corporate and commercial > EU and competition
- Corporate and commercial > Financial services: non-contentious/regulatory
- Corporate and commercial > M&A: Upper Mid-Market And Premium Deals, £750m+
- Corporate and commercial > Private equity: transactions – high-value deals (£250m+)
- Dispute resolution > Public international law
- Real estate > Environment
- India > Foreign firms
Top Tier Firm Rankings
- Angola > Foreign firms
- China > Banking and finance: foreign firms
- China > Corporate and M&A: foreign firms
- Mozambique > Foreign law firms
Firm Rankings
- Singapore > Projects: foreign firms
- United States > Finance > Restructuring (including bankruptcy): corporate
- Italy > Capital markets: Debt
- Qatar > Commercial, corporate and M&A
- Ghana > Foreign firms
- Italy > Capital markets: Equity
- Morocco > Foreign firms
- Qatar > Projects, real estate and construction
- Algeria > Foreign firms
- France > Construction
- Saudi Arabia > Real estate and construction
- Hong Kong > Structured finance and securitisation
- South Korea > International arbitration