Milbank’s projects and energy team regularly acts for both sponsor and lender clients on large-scale project financings across the APAC region as well as globally. The team has recently advised on LNG, energy transition, mining, and renewable energy projects, among others. Practice head Aled Davies has a wealth of experience representing Japanese financial institutions and project sponsors and a particularly strong reputation for his work on oil and gas (including LNG) projects. On the lender side, Andrew Pendleton advises ECAs, DFIs, and commercial banks, while his sponsor-side clients include major oil companies and Japanese conglomerates; he stands out for his mining, petrochemicals, and LNG projects experience. Aaron Mundy is noted for his LNG and renewables expertise, while Justen Fleming stands out for his strong track record in project finance in the LNG segment.
Legal 500 Editorial commentary
- Profile
Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
‘Aled Davies and Andrew Pendleton are the best partners within this firm.’
‘Andrew Pendleton and his team are professional and very knowledgeable. They are a true pleasure to deal with. I think Andrew and his team are some of the best lawyers I have had the pleasure to interact with!’
‘Aled Davies is a top-notch negotiator and a natural leader in multi-party project financings. His ability to present complex issues and solutions in a synthetic and didactic way to his clients is at the core of his success and client's satisfaction.’
‘Andrew Pendleton and Aled Davies are exceptional at what they do in a niche market. They have a deep understanding of the sector and can navigate through negotiations with parties that have complex requirements. Their client-handling skills are exceptional. ’
‘The team is very knowledgeable and provides feedback and information promptly and professionally. Whenever I have gone to Milbank for information or opinions, they are courteous, professional and prompt. A real pleasure to deal with.’
‘The team is able to provide clarity in a complex deal with a large group of lenders with different perspectives. ’
‘This firm can provide valuable legal advice to our company, taking into account our specific concerns.’
‘The team has strong sector knowledge and experience as well as a practical and commercial approach with the ability to work through complex and innovative legal structures. Precedents are the crutches of weak minds and this is certainly not the case here!'
Key clients
- EIB (European Investment Bank)
- AfDB
- Japan Bank for International Cooperation
- Nippon Export and Investment Insurance
- Korea Eximbank
- Export-Import Bank of China (“CEXIM”)
- EDC (Export Development Canada)
- BPI France
- Total Energies S.A
- ExxonMobil
Work highlights
- Advising the sponsors, including Total, Exxon Mobil, Santos and JX, on the financing of the development of the LNG plant and associated infrastructure for the production of gas and condensate from the Elk and Antelope Fields in the State of Papua New Guinea.
- Advising Equinor, a Norwegian state-owned multinational energy company, in connection with feedstock supply and product offtake arrangements with respect to the Pengarang Energy Complex in Malaysia.
- Advised JBIC, Nippon Export and Investment Insurance and commercial lenders on the project financing of the Libra MV31 floating, production, storage and offloading vessel which will be deployed in the Mero Field in Brazil by a consortium led by Petrobas.
Lawyers
Hall of fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Andrew Pendleton
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Justen Fleming
Practice head
Aled Davies
Other key lawyers
Andrew Pendleton; Aaron Mundy; Justen Fleming