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borovas_george

George Borovas

Partner

George Borovas is the head of Shearman & Sterling’s Global Nuclear Group and a partner in the firm’s Project Development & Finance Group.  Mr. Borovas advises lenders, governments and sponsors on the development of civilian nuclear power programs and the financing and construction of nuclear power plants.  He has worked on projects and transactions in the U.K., the U.S., Russia, Europe, the Middle East, North Africa, Japan, South Korea, Southeast Asia, China, Australia and South Africa.  He is ranked in Projects & Energy by Chambers and has been named a Leading Lawyer in the IFLR1000 Guide to the World’s Leading Financial Law Firms (2015-2017).  He regularly negotiates contracts and advises clients on the establishment of global joint ventures relating to the nuclear industry as well as on transactions for the trading of fuel, equipment and services for nuclear power plants.  He also advises companies on international nuclear liability and export compliance issues and has represented buyers in transactions involving the acquisition of nuclear power plants. 


Mr. Borovas is a Board Member of the World Nuclear Association and has been recognized as a nuclear industry expert by the International Atomic Energy Agency (IAEA), the International Framework for Nuclear Energy Cooperation (IFNEC), as well as the U.S. government as an appointee to the U.S. Secretary of Commerce’s Civilian Nuclear Trade Advisory Committee (CINTAC).  He has written numerous articles and is a frequent commentator on matters relating to the global nuclear industry.  He has appeared on Bloomberg TV and CNBC and is regularly quoted in the global print media in publications such as the Financial Times, the Wall Street Journal, Reuters, BBC News and the Daily Telegraph.

Before becoming a nuclear energy lawyer, Mr. Borovas worked as an engineer for a nuclear power plant engineering firm.


Selected Experience

  • A first-in-kind, first-in-country major new build nuclear power deal in a MENA country. 
  • Lenders in relation to the development and financing of a nuclear power project in the UK. 
  • Lenders in relation to the development and financing of a nuclear power project in Turkey. 
  • A nuclear industry company in an investment into a European fuel cycle company. 
  • A State Authority in the MENA region on the financing of a US$25 billion nuclear new build project and negotiating the EPC, Fuel Supply, O&M, and Radioactive Waste Treatment Contracts.
  • A government-owned implementing company in the MENA region responsible for developing a new nuclear power program on technology selection, drafting the procurement arrangements, the EPC contract and the technology transfer agreement, and advised on the commercial aspects of the program.

Selected Publications

  • “Nuclear Finance: Understanding and Speaking the Language of Banks,” Journal of International Banking and Financial Law, (2015) 1 JIBFL 43 (authored with Helen Cook)
  • “Talking the Talk: Nuclear Energy Lingo for Bankers,” Law360, 21 October 2014 (authored with Helen Cook)
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Education

  • George Washington University Law School, J.D.
  • University of Wisconsin, B.S. Chemical Engineering

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