Shearman & Sterling LLP

Projects Department

Vietnam
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What the team is known for Much-admired projects team in Singapore active on headline power developments in Vietnam. Especially active for major domestic lenders in relation to project finance and development. Continues to uphold its reputation for handling significant international oil and gas deals and projects. Also draws on resources from its offices in Beijing, Shanghai and Abu Dhabi on projects in Vietnam.

Strengths Clients emphasise their satisfaction with the team's knowledge and experience, as one source reports: "They know a great deal about power projects and EPC contracts, and how to deal with different large and complex contracts. They cover our commercial objectives."

Work highlights Advised The AES Corporation on the USD1.46 billion financing of the 1,240 MW Mong Duong II coal power project in northern Vietnam.

Notable practitioners

Singapore-based Ben Shorten heads the firm's project development and finance practice group in Asia. He has over two decades' experience in handling project finance transactions on behalf of major regional lenders and sponsors and has particular expertise in the oil and gas and power sectors.

Sources single out Bill McCormack for his wealth of experience in Vietnam-based power projects. He is based in the firm's Singapore office and lends his expertise in large-scale projects across the Asia-Pacific region to a wide array of banks, ECAs and sponsors.