Project financings are increasingly complex in today’s ever-changing and dynamic environment. A range of geopolitical, commercial and legal challenges must be considered, along with our clients’ business objectives and policy priorities (such as environmental and social standards). This sometimes-difficult balancing act requires a law firm with the knowledge and experience to manage these varied interests.
With this in mind, Shearman & Sterling takes a client-centered approach, providing directly relevant advice that is both commercial and industry-focused. Within our practice, we have lawyers skilled in a wide range of sectors, including oil and gas (upstream, pipelines, LNG, refineries and petrochemicals), mining and metals, transportation (rail, roads, airports and bridges), thermal, nuclear and renewable (including wind, solar, geothermal and hydro) power, and power infrastructure (including transmission).
As part of our compelling client offerings, we advise on the full project finance cycle — from initial structuring and project development to financing. We are able to advise on various financing options, including commercial bank, Shari’ah-compliant and bond financings (term loan B financings, project bonds, private placements), as well as export credit and development finance. We also advise on joint ventures, project mergers, acquisitions and dispositions, as well as novel split-risk arrangements, political risk insurance and project restructurings and disputes.
What sets us apart is our ability to advise in the most challenging jurisdictions and work with our clients to develop bankable and novel structures. We draw upon our network of offices worldwide to advise on New York, English and civil law, and partner with the best local firms to provide integrated and seamless advice.