Milbank's team is highly regarded for its capabilities advising on project finance transactions, with particular expertise in the oil and gas, power and infrastructure sectors. The team draws on its global network to handle high-profile, global transactions, advising international lenders, ECAs and sponsors therein. Aled Davies heads up the team and leverages significant experience in project finance mandates in the LNG sector. Andrew Pendleton is especially well-versed in project restructurings, while Aaron Mundy assists clients with major project transactions.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
'Aled Davis and Aaron Mundy are good; they are to-the-point and timely, and they have a quick understanding of the client’s background and intention. They know very well about the nature of the project and ourselves as their client.’
‘We primarily relied on this firm for the restructuring and bankruptcy of deals. Since these transactions are cross-border, we had to pay close attention to various jurisdictions. Milbank collaborated with its other offices, such as those in London, and with local counsel to address these cross-jurisdictional matters.’
‘Andrew Pendleton is dedicated. Without their support, the challenging deals could not have been dealt with.’
- 'First, they have a wealth of legal knowledge and experience in large-scale international project finance and the resource sector. Second, they go beyond simply providing legal advice; they use their experience to proactively consider legal solutions, propose them to clients, and, when necessary, have the excellent skills to support negotiations with the other party. '
- 'A wonderful and responsive team.'
- 'I believe that this firm has outstanding overall capabilities as a legal advisor for large-scale international projects, particularly resource development projects and project finance projects.'
Key clients
- EIB (European Investment Bank)
- AfDB
- Japan Bank for International Cooperation
- Nippon Export and Investment Insurance
- Korea Eximbank
- Export-Import Bank of China (“CEXIM”)
- EDC (Export Development Canada)
- US EximBank
- Asian Development Bank
- BPI France
- Total Energies S.A
- ExxonMobil
Work highlights
Advised the lenders on the negotiation and litigation of the first English law restructuring plan for a project financing.
Represented the sponsors, TotalEnergies, Exxon Mobil, Santos and JX (and following the exercise of their statutory rights, certain companies representing the State of Papua New Guinea) on the development of the Papua LNG Project.
Representing the lender group on one of the largest undeveloped copper-gold projects in the world, the Reko Diq Copper Project.
Lawyers
Leading partners: Gaiben
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Aled Davies
Other key lawyers
Andrew Pendleton; Aaron Mundy