Energy & Natural Resources: Oil & Gas
Global Guide 2024 : UK
Band 3
Contact number
(020) 7615 3000About
Provided by Milbank LLP
Milbank were among the first international law firms to form a dedicated Project, Energy and Infrastructure Finance Group over three decades ago, and since then we have pioneered the application of limited-recourse project finance techniques internationally. Our Project, Energy and Infrastructure Finance Group comprises more than 150 dedicated project finance attorneys, including 20 partners, in our offices worldwide. With one of the largest and most experienced project finance teams of any major law firm, we represent the full spectrum of project participants, including, sponsors, project joint ventures, contractors, lenders (ECAs multilateral institutions, funds and commercial banks), underwriters and government agencies.
Clients recognise our Project, Energy and Infrastructure Finance Group as the leading choice for the financing and development of the most critical and pioneering projects across the globe. Over the past three years, Milbank has closed more than 140 project financings, which raised more than US$125 billion for project, energy, natural resources and infrastructure projects worldwide.
Milbank is fortunate to work with many clients who have undertaken innovative and complex projects. As a result, a number of our deals have been recognised as ‘Deal of the Year’ by industry publications and guides each year.
Chambers Review
Milbank is a well-known name in the world of project financing with significant experience dealing with large-scale projects in the power and oil and gas sectors, including the nuclear and LNG industries. The firm is frequently involved in upstream and downstream oil and gas project development. Its lawyers demonstrate an impressive track record in transactions across the world, with particular strength in emerging markets. It's a go-to firm for bank consortiums, export credit agencies and other lenders. Its energy lawyers are also active in advising clients on major debt restructurings and refinancings.
Work Highlights
- Milbank advised Deutsche Regas on the EUR100 million development of the Deutsche Ostsee LNG terminal in Lubmin. Once operational, it will be the first LNG import, storage and regasification facility in Germany.
- The firm advised a lender group of export credit agencies and international financial institutions, including the Japan Bank for International Cooperation and the Export-Import Bank of Korea, in financing a USD3.8 billion subsea transmission system in the United Arab Emirates.
Strengths
Provided by Chambers
"Milbank has a deep understanding of the oil and gas industry and can advise on very complex matters."
"Milbank has a deep understanding of the oil and gas industry and can advise on very complex matters."
Notable Practitioners
John Dewar heads the firm's energy and infrastructure practice and is a financing specialist with significant experience in advising on renewable energy projects. He regularly acts for development banks and other lenders on transactions involving wind and solar assets.