LONDON/SEOUL, 12 April, 2017 – Milbank, Tweed, Hadley & McCloy LLP advised the Korean export credit agency, Korea Trade Insurance Corporation (“K-sure”), the ECA co-ordinator, HSBC, the commercial facility co-ordinator, Standard Chartered Bank, the K-sure covered facility lenders and the commercial facility lenders, on the financial close and delivery to Reliance Industries Limited of a series of the world's first very large ethane carriers ("VLECs") following the signing of the Finance Documents in October 2016.

WFW is delighted to announce that the Sun Express Exim-French Lease Deal that the firm advised on has won Export Credit Deal of the Year at Airfinance Journal’s 2016 Deals of the Year Awards.

Hogan Lovells advised Proparco, a subsidiary of the Agence Française de Développement (AFD) devoted to private sector funding, and the Belgian Investment Company for Developing Countries (BIO) in relation to the financing of the Ten Marina solar power plant in Senegal, West Africa.

This is the second solar power plant project in Senegal which Hogan Lovells has advised on since the creation of the Senergy power plant, West Africa's largest solar power plant, in May 2016.

10 April 2017, advised by King & Wood Mallesons (KWM), IHH Healthcare Berhad (IHH), Asia’s largest and the world’s second largest listed healthcare operator, officially completed its cross-border financing transaction, with a total amount of over RMB1.1 billion invested by Taikang Insurance Group, Inc. (Taikang Insurance) for an equity stake in IHH’s subsidiary PCH Holding Pte. Ltd. (ParkwayHealth China), which primarily focuses on IHH’s business in China. The project is a representative cross-border investment project in China’s healthcare industry.

A cross-border team from Norton Rose Fulbright has advised an international consortium comprised of Enel Green Power and Dutch Infrastructure Fund (DIF) on the purchase of the 275 MW Bungala Solar PV project from local developer Reach Solar Energy. The project is currently the largest ready-to-build solar PV project in Australia.

A cross-office Baker McKenzie team recently advised UPC Renewables and AC Energy Holdings (a subsidiary of Ayala Corporation) on the development and financing of the 75MW Sidrap wind farm project located in South Sulawesi, Indonesia.

International law firm Watson Farley & Williams (“WFW”) has advised Hellenic Bank Public Company Limited (“Hellenic Bank”) in relation to a US$11,825,000 loan facility made available to Gas Ray Shipping LLC for the purpose of refinancing the acquisition costs of m.v. “GAS RAY”.

Pinsent Masons has advised the University of Sussex on its East Slope Residences project, which has reached Financial Close.

The University and preferred bidder for the project, Balfour Beatty, raised £197m of finance through a wrapped inflation linked bond. This is the largest UK wrapped inflation linked bond issue both in the UK new build student accommodation market and since the 2008 financial crisis.

A consortium comprising DIF Infrastructure III, Caisse des Dépôts and Engie' subsidiary Solairedirect, has successfully refinanced a portfolio of four photovoltaic parks located near Les Mées, Vinon-sur-Verdon and Varages for an amount of approximately 145 million euros.

Norton Rose Fulbright has advised financiers Clean Energy Finance Corporation and Nord LB on the financing of the Bodangora wind farm near Wellington in regional NSW.

The project has been developed by Infigen and is to be built by a joint venture of GE and CATCON. It is also supported by an offtake agreement with Energy Australia for 60 per cent of the output of the project to 2030.