Shearman & Sterling LLP

Projects & Energy Department

Singapore
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What the team is known for Highly acclaimed team with a focus on project finance and development in the power sector. Varied client base including prominent developers as well as ECAs, and commercial and development banks. Provides expert counsel on greenfield projects, and noted for its deft handling of oil and gas, mining and infrastructure mandates. Active on the renewable energy front in the region, with recent activity on major hydropower projects. Offers a wide spread of expertise across Asia, including projects in South-East Asia, Nepal, Pakistan, the Middle East and South Korea.

Foreign desks Respected Malaysia team with expertise in handling LNG, petrochemical, upstream and downstream projects. It works extensively with Petronas, while also advising international clients on energy projects in Malaysia. The team regularly assists clients with joint ventures and financings. The team represented OM Holdings in all aspects of the restructuring of a 330 MW ferrosilicon smelter project in the Samalaju Industrial Park in Sarawak state, including advising on the amendment of various project documents and new offtake and supply agreements. William McCormack is the key contact for clients.

The Singapore team is adept at handling acquisitions as well as project development and financing relating to the Philippines. It is especially active on transport infrastructure projects and transactions in the energy sector. The team advised Ayala, Metro Pacific and Macquarie on the financing and development of a light rail extension project. William McCormack leads the practice.

The firm has an established reputation for advising Korean lenders and sponsors on power generation projects in Asia. Offers notable expertise in high-value mandates involving complex financing, regularly advising leading export credit agencies and banks. The team advised a consortium of lenders, which included a number of ECAs, on the financing of a 216 MW hydropower project in Nepal's Central Development Region. Anna Chung is a key client contact for South Korea work.

Excellent practice conversant with project development and financing that regularly acts for major investors and lenders on their energy projects in Vietnam. The Singapore office regularly represents foreign clients on inbound investments to Vietnam. The team advised The AES Corporation on the USD1.46 billion financing of the 1,240 MW Mong Duong II coal power project in northern Vietnam. William McCormack is a key contact.

The firm is well known for its solid Indonesia-facing desk which focuses on infrastructure and energy projects. The Singapore-based team regularly acts for financial entities as well as energy companies.

Notable practitioners

Ben Shorten maintains an excellent reputation for project finance advice, particularly in relation to power. He remains a popular choice of counsel for cross-border mandates involving Vietnam. A client says: "He brings technical understanding, knowledge of precedent and commercial acumen. He achieves solutions on projects and has shown aptitude in dealing with very challenging clients."

William McCormack is the pre-eminent projects specialist in the region, with tremendous experience advising on an array of power, infrastructure and energy development and finance mandates. He is highly active around the region and respected for his experience and perspective on deals relating to Malaysia, Indonesia, Nepal, the Philippines and Vietnam. A client reports: "He is instrumental in engaging with all the project parties and he's extremely diplomatic. What's really impressive is that he can deliver and address complicated issues in a way that everyone can understand."

Articles, Highlights and Press Releases

Total 3 Articles, Highlights and Press Releases

Shearman & Sterling Announces Developments in Asia Including Partner Promotion

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Gazipur II 300MW Power Project in Bangladesh

William McCormack, Jean-Louis Neves Mandelli

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Shearman & Sterling Closes Super Six Wind Projects In Pakistan

William McCormack, Jean-Louis Neves Mandelli

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