Watson Farley & Williams

WFW Secures Important Agency Disputes Win for BCP

The long-running case was eventually decided in BCP’s favour after almost five years. The Supreme Court's judgment has established a legally sound and commercially viable precedent for petroleum industry participants.

WFW advises Storengy on acquisition of geoENERGIE Konzept

In Europe, Storengy is the market leader for storage services and plans, builds, operates and sells natural gas underground storage facilities.

WFW advises on industry-changing AWG carbon calculator

Using original equipment manufacturer source data provided by Airbus, ATR, Boeing and Embraer, the ACC will generate and compare carbon dioxide emissions data for aircraft and aircraft portfolios.

WFW advises BW Offshore on its acquisition of Ideol

BW Offshore is a leading provider of floating production services to the oil and gas industry listed on the Oslo Stock Exchange.

WFW advises Coro Energy on acquisition of renewable energy developer GEPL

The acquisition provides a portfolio of operated renewable energy opportunities in South East Asia totalling 4 GW, initially focusing on two high graded opportunities in the Philippines. 

WFW advises Ryanair on appeals on territorial continuity against Italy’s MIT

The first Italian court decision on the legitimacy of the imposition of public service obligations on the air traffic sector under Regulation (EU) No 1008/2008 is expected in May 2021.

WFW advises Star Bulk on acquisition of seven vessels from Scorpio Bulkers

This continues the cooperation between WFW and Star Bulk, previously advising them in 2018 on the acquisition of multiple vessels from both Augustea and E.R. Schiffarts and the 2019 acquisitions from Delphin.

WFW advises BEE on the acquisition of stake in Greencells’ Dutch solar portfolio

Greencells has acquired shares in several Dutch SPV energy companies, with a combined c. 79 MW solar portfolio under development in the Dutch provinces of Overijssel and Limburg.

WFW advises Lightsource bp on disposal of UK Camden solar PV portfolio to NESF

The Camden solar PV portfolio comprises the 50 MW Grange project in Newark, Nottinghamshire, and the 50 MW South Lowfield project in Fleetham, North Yorkshire.

WFW expands Hotels & Hospitality practice into Asia Pacific

A new team of four senior lawyers, who will be based in Singapore and Sydney and led by Partner Robert Williams, arrive at the firm to expand its hotels and hospitality practice in the Asia-Pacific region.

WFW advises TORM on purchase of eight MR product tankers from TEAM Tankers

The market value of the acquired vessels is assessed at US$148m. They will be financed by increasing TORM’s existing syndicated loan facility with a new revolving facility and new term facility.

WFW advises BPER Banca on €15.5m Italian hospital technology hub project financing

The financing concerns a loan granted to S.EN.AL.PA. for the construction of new technology hubs at the Camposampiero and Cittadella hospitals in Padua, Veneto, Italy.

WFW advises CIP on 487 MW Monegros wind portfolio stake sale

The portfolio comprises 12 wind farms located in Aragon, North-Eastern Spain and is part of CIP’s €3.5bn Copenhagen Infrastructure III K/S (CI-III) energy infrastructure fund.

WFW advises Blue Elephant on acquisition of large Greek solar parks

This transaction marks Blue Elephant’s entry into the Greek renewable energy market, and includes the largest operational solar park in Greece, with an overall capacity of 38 MWp.

WFW advises Denker & Wulf on acquisition of WEB Andresen

The acquisition expands Denker & Wulf’s onshore wind portfolio into Germany’s North Friesland, taking control of planning and operational management services to WEB Andresen’s 30 community wind farms and five substations.

WFW advises Noy Fund and Nofar on investment agreement with Sunprime

The agreement will lead to the joint development, alongside medium-to-small local construction businesses, of solar pipelines in Italy with a combined installed capacity of up to 100 MW.

Aviation case gives insight into treatment of jurisdiction clauses after Brexit

This article gives insight into post-Brexit English court jurisdiction clauses in light of the outcome of the Etihad Airways PJSC v Flöther case.

WFW advises Macquarie Bank on first of its kind shipping loan/lease securitisation for Fleetscape

Securitisation principles and certain structuring efficiencies were utilised to enable Fleetscape to offer sale-and-leaseback or unitranche financing on highly competitive terms.

Scope 3 emissions: how the freight industry will transition to net zero

Collaboration across the entire value chain is required to achieve a reduction in Scope 3 emissions and this is resulting in action from market participants on a scale not previously seen.

WFW advises NORD/LB on bridge financing of Polish wind project portfolio

The portfolio, being developed and built by Danish developer European Energy, consists of five wind farms located in Poland with a total capacity of 44.675 MW.

Sea Cargo Charter: the next piece in the decarbonisation puzzle

The Sea Cargo Charter is a framework established by a group of bulk cargo owners to improve, among other things, shipping’s carbon footprint.

WFW advises Banco BPM on €28m facility to Grimaldi Euromed

The new unit “Grande Texas” was delivered on 26 January 2021 and is the sixth of seven car carriers ordered by Grimaldi Euromed from the Yangfan shipyard in Zhoushan, China.

English court rejects Covid-19 frustration argument in aircraft leasing case

This article examines the recent Commercial Court comments that an airline operator’s aircraft leases were not frustrated by the effects of Covid-19.

Nasdaq: Proposed Board Diversity Rules

This article explores Nasdaq’s recent proposal to adopt new listing rules, requiring all companies listed on its U.S. exchange to publicly disclose diversity statistics regarding their board of directors.

WFW advises TRIG and InfraRed on acquisition of stake in 588 MW Beatrice wind farm

The wind farm has a total installed capacity of 588 MW. This investment is TRIG’s third in a UK offshore wind farm and represents circa 12% of its overall investment portfolio.

WFW advises US maritime lender on US$56m senior loan facility for Seamax

Seamax operates a fleet of 12 modern, post-Panamax container ships and provides the world’s top shipping lines with over 1.2m deadweight tonnage in carrying capacity.

The Generator Commissioning Clause

In the fifth of our nine-part series on the OFTO Regime, this article, we consider how the operation of the Generator Commissioning Clause affects the OFTO tender process, its unintended consequences and whether it is still fit for purpose.

Recent developments in Spain's e-mobility market

This article explores recent developments in Spain’s e-mobility legislative framework as the Government steps up its promotion of the decarbonisation of the transport sector as part of the country’s energy transition between 2030 to 2050.

WFW advises Smart Energies on acquisition of Italian photovoltaic portfolio

The targets were two SPVs that own authorisations for the construction and installation of eight rooftop photovoltaic plants located in the Lombardy, Veneto, Lazio and Marche regions in Italy.

WFW advises BEE on Dutch-Italian PV joint venture with Greencells

The 240 MW portfolio includes eight PV projects under development in the Dutch provinces of Overijssel and Limburg and five PV projects under development in Italy’s Apulia region.