Recently, AllBright lawyers advised Shanghai Huaxin Petroleum Group, Ltd. on the first phase of its short-term financial bond issuance. It raised 1.9 billion RMB through the bond sale.
The AllBright team on the project was led by partners Shen Guoquan and Terry Liu, and associate Qin Si.
Slaughter and May advised the Kuwait Foreign Petroleum Exploration Company k.s.c., a wholly owned subsidiary of the Kuwait Petroleum Corporation, in relation to its new US$1 billion credit facility. The facility is for general corporate purposes and will support KUFPEC’s international expansion plans.
HSBC Bank Middle East Limited, J.P. Morgan Limited, National Bank of Kuwait S.A.K.P., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and The Royal Bank of Scotland plc acted as initial mandated lead arrangers with National Bank of Kuwait S.A.K.P. as agent.
On November 13, Jiangsu YaTeer Ground-Source Air Conditioning Co., Ltd. (stock code: 831355) was successfully listed on the National Equities and Exchange Quotations (“NEEQ”) system, becoming the third NEEQ-listed enterprise in Changshu. A team led by Shanghai-based senior partner Wang Hanqi advised the company on the listing. Wang was assisted by partner Fan Jianhong, paralegals Guo Mengyuan and Wei Weiqiang.
Zhonglun has recently advised Hanergy Group, one of the largest clean energy generation enterprises in China, on its HK$70 million investment in Hong Kong-listed Haitian Hydropower International by way of convertible bonds subscription. The Zhonglun team was led by Hong Kong corporate partner Victor Pang, assisted by associates Winnie Tse, Elaine Fung, Guo Cheng and Huang Cheng.
Santander’s infrastructure principal finance and asset development unit has acquired Penmanshiel Wind Farm, a 28.7MW onshore wind project located in the Scottish Borders region. Leading international law firm Watson Farley & Williams (“WFW”) advised Santander on all aspects of the deal, including corporate, tax, real estate and planning advice.
Wragge Lawrence Graham & Co's solar energy specialists have advised RGE Energy UK (RGE) on a further transaction - the disposal of a 12 MW solar PV project.
A multi-disciplinary team, led by corporate director and energy specialist Gareth Baker, advised RGE on the corporate, planning, real estate and tax issues relating to the disposal.
Watson, Farley & Williams (“WFW”) advised Industrielle Werke Basel (“IWB”) on the acquisition of the “Les Champs aux Chats” wind farm in the département Pas-de-Calais in northern France. The wind farm was acquired from the German project developer OSTWIND International (“OSTWIND”).
WFW advised the Swiss energy provider IWB on the acquisition of all shares in the wind farm's operating company regarding all relevant legal and tax aspects in Germany and France.
Van Oord has reached an agreement with Ballast Nedam on the acquisition of Ballast Nedam Offshore's activities and assets, for an undisclosed sum. Houthoff Buruma is advising Van Oord on this matter. The acquisition is part of Van Oord’s strategy to expand its Offshore Wind Projects business unit. The transaction is expected to be finalized before the end of 2014 subject to the customary conditions, including obtaining approval from the competition authorities.
Houthoff Buruma team included: Eddie Meijer, Maurits de Haan, Gerrit Oosterhuis, Maarten Minnaard
Herbert Smith Freehills has advised Wattle Point Wind Farm Pty Ltd (WPWF) on the refinancing of the 91MW Wattle Point wind farm project. WPWF is wholly owned by the ANZ Specialist Asset Management Limited as trustee of the Energy Infrastructure Trust and managed by Infrastructure Capital Group (ICG).
Stephenson Harwood (Singapore) Alliance has advised GDF Suez on the acquisition through its wholly-owned subsidiary, Cofely South East Asia of Keppel FMO, a wholly-owned subsidiary of Keppel Infrastructure Holdings. The acquisition signed and competed in Singapore on 28 November 2014.