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DLA Piper LLP (US)

500 EIGHTH STREET, NW, WASHINGTON, DC 20004, USA
Tel:
Work +1 202 799 4000
Fax:
Fax +1 202 799 5000
Web:
www.dlapiper.com

Gregory Smith

Tel:
Work +12027994027
Email:
Web:
www.dlapiper.com/en/us/people/s/gregory-smith-k/
DLA Piper LLP (US)

Work Department

Finance

Position

Partner

Career

Greg Smith is the US co-chair for the projects and infrastructure group and the US chair of the agency finance group. He focuses on international financing transactions, particularly within emerging markets and developing nations. He represents lenders, host country governments, project sponsors and private equity funds in connection with the development and financing of projects in sectors such as energy, financial services, housing, manufacturing, microfinance, mining, petrochemicals, telecommunications and transportation.

Over the course of his career, Greg has advised clients on transactions across Africa, Central and South Asia, Latin America and the Middle East. He is especially well known as one of the leading lawyers for representing development finance institutions, export credit agencies and multilateral agencies in complex, cross-border project financings.

Education

J.D., Georgetown University Law Center

A.B., Georgetown University


Latin America: International firms

Banking and finance

Within: Banking and finance

DLA Piper LLP (US)’s industrious efforts to expand its footprint in Latin America and to develop its connections to key lenders in Washington DC, Miami and New York, is paying dividends. A new office in Puerto Rico has added to the firm’s financing credentials, including advisory matters in the fintech and blockchain sectors and in representing foreign funds on financings in Latin America. Many in the Puerto Rico office are New York qualified, such as José Alberto Sosa-Lloréns, and are able to advise on transactions under New York law at lower-cost rates. The team also works especially closely with the firm’s well-established Miami office. Clients of the Latin America practice include Stoneway Capital, BTG Pactual. Natixis, Bank of America-Merrill Lynch, Credit Suisse, COFIDE, Wells Fargo and Banco do Brasil. Recent matters saw the team advise US Ex-Im Bank and Central American Bank for Economic Integration (CABEI) on the financing of the Cerro De Hula wind project in Honduras, the largest wind farm in Central America. Miami finance partner John Murphy has a strong focus on Latin America while Gregory Smith has increased the firm’s profile with MLAs and DFIs that are engaged in Latin America financings. Former Miami partner Emil Infante left for Holland & Knight LLP, while New York partner William Candelaria arrived from Curtis, Mallet-Prevost, Colt & Mosle LLP and project finance of counsel Amala Nath joined the Washington DC office from Norton Rose Fulbright US LLP.

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Projects and energy

Within: Projects and energy

DLA Piper LLP (US) has steadily expanded its Latin America practice in recent years, giving it greater exposure to top-level projects and energy transactions. It now has a presence in multiple jurisdictions across the region, where its clients include Pemex, HSBC, IDB/IIC, Banco Santander (Mexico), OPIC and Stoneway Capital. It advised US EX-IM Bank and the Central American Bank for Economic Integration (CABEI) on the financing of the Cerro de Hula wind project in Honduras (the largest wind farm in Central America), and also represented Pemex on its $521m sale of its stake in gas distributor Ductos y Energeticos del Norte to IEnova. Washington DC partner Gregory Smith has strong connections to a number of prominent MLAs and DFIs; New York-based global co-chair of energy Robert Gruendel is also active in Latin America and ‚Äėclient-favourite‚Äô Eduardo Gall√°stegui is the key name in Mexico City. The firm hired project finance of counsel Amala Nath, who is ‚Äėhigh quality‚Äô and ‚Äėunderstands clients‚Äô needs‚Äô, from Norton Rose Fulbright US LLP in January 2018; Nath has substantial experience in Latin America and frequently advises MLAs.

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United States: Finance

Project finance

Within: Project finance

DLA Piper LLP (US) 'takes a pragmatic approach' to domestic and cross-border project financing transactions, acting for a mix of lender and sponsor clients. US co-chair of projects and infrastructure and US Chair of renewable energy and energy M&A, the 'exceptional' Timothy Moran, advised Exelon Corporation on a $850m senior secured Holdco Term Loan B credit facility to leverage the sponsor's interest in a portfolio of 33 solar, wind and biomass utility-scale and distributed electric generation projects across 11 states in the US. Gregory Smith, who is US co-chair of projects and infrastructure and US chair of agency finance, led advice for OPIC and CDC on the financing of a 50MW gas-fired power project in Conakry, Guinea, which is sponsored by Endeavor Energy; he also advised NEXI, SMBC and OPIC on the financing of a 48.7MW solar project in Jordan, which is sponsored by AES Corporation and Mitsui. New York-based Charles Carroll advised Abengoa on the sale of a combined-cycle power plant in Mexico, known as Norte III, to a consortium consisting of Macquarie Capital and construction conglomerate Techint. Also recommended in the New York office are 'invaluable resource' Philip Corsello and Joseph Tato, who acts as US co-chair of projects and infrastructure. Vanessa Richelle Wilson and Amala Nath, the latter of whom joined from Norton Rose Fulbright US LLP in 2018, are also names to note. Named individuals are based in Washington DC unless otherwise stated.

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United States: Industry focus

Energy: renewable/alternative power

Within: Energy: renewable/alternative power

DLA Piper LLP (US) advises clients on energy asset transactions, in addition to the development, permitting and financing of power generation facilities spanning onshore and offshore wind, solar, biofuels and biomass, hydroelectric and geothermal projects. Jointly led by New York-based Joseph Tato, and Washington DC-based Gregory Smith and Timothy Moran, the team has 'a pragmatic approach' and is known for 'developing structures that help clients achieve a successful outcome'. Moran in particular has 'a good blend of legal expertise and commercial acumen', and New York-based Philip Corsello and Washington DC-based Vanessa Wilson also have 'serious expertise in the field'. Recent highlights have included the team acting for Exelon Corporation, as sponsor and borrower, in connection with an $850m senior secured credit facility to leverage its interest in a portfolio of 33 solar, wind and biomass utility-scale and distributed electric generation projects across 11 states in the US.

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Energy: transactions: conventional power

Within: Energy: transactions: conventional power

DLA Piper LLP (US) advises clients on transactions involving power and infrastructure assets, and also handles the development and financing of power generation facilities across multiple sectors. Based across the firm's New York and Washington DC offices, the team 'fully understands the transaction specifics and all associated risks' and takes 'a pragmatic approach' while still 'thinking outside the box'. New York-based Joseph Tato and Washington DC-based Gregory Smith and Timothy Moran jointly lead the practice group. Another New York-based contact is Philip Corsello, who is rated for his ability to 'recognize the bigger picture and simply get deals closed'. Recent highlights have included the team advising Overseas Private Investment Corporation and CDC on the $120m financing of a 50MW gas-fired power project in Conakry, Guinea, which will be the first project-financed IPP in Guinea. Other key clients include Credit Agricole, Exelon Generation and EDF Trading North America.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
    - DLA Piper UK LLP

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