Etienne Gelencsér is a partner in Project Development & Finance practice.
His practice primarily focuses on finance transactions, including acquisition, project and structured finance and he regularly represents both financial institutions and corporate clients. His practice also involves the representation of sponsors and investors in private equity transactions, including fund formation, fund investment and related portfolio acquisitions.
Etienne represents sponsors and lenders, private equity, leading financial institutions including Japanese export credit and development financial institutions, commercial financial institutions, trading houses and corporates.
- J-Power, Adaro Energy and Itochu in the development and financing of the $4.2 billion 2,000MW Central Java IPP, a greenfield coal-fired power project in Central Java in Indonesia - Awarded “Power Deal of the Year” by Project Finance International in 2016, “Asia Pacific Power Deal of the Year” by IJ Global Asia Awards 2016 and “Project Finance Deal of the Year” by The IFLR Asia Awards 2016.
- A State Authority in the MENA region on the financing of a $25 billion nuclear new build project and negotiating the EPC, Fuel Supply, O&M, and Radioactive Waste Treatment Contracts.
- SunEdison in the sale of SunEdison Japan and related solar energy assets in Japan.
- JBIC, NEXI and the commercial lenders providing finance supporting numerous bids and ultimately the winning bidder of the Facility D IWPP in Qatar.
- Erdenes Oyu Tolgoi LLC, a Mongolian state-owned company, regarding joint venture and financing matters for the $10 billion Oyu Tolgoi copper and gold project, the largest financial undertaking in Mongolia’s history and one of the largest mine financings completed to date, which project is jointly owned by Rio Tinto and Erdenes - Awarded “Asia Pacific Mining Deal of the Year,” by Project Finance International (PFI), 2015.
- Various investors and developers on the financing arrangements and the structuring of publicly traded companies formed to own operating and development of renewable projects in Japan and Asia.
- Japanese governmental institutions in the structuring and investment into a global infrastructure fund focused on investments in mega-infrastructure projects.
- JBIC in its 30% equity investment in JX Nippon Oil Exploration (EOR) (a subsidiary of JX Nippon Oil & Gas Exploration Corporation) in connection with the development of the cogeneration, carbon capture sequestration and enhanced oil recovery project in West Ranch oil field in Texas with NRG Energy Inc.
- A Japanese cooperative bank in connection with a restructuring of loans to real-estate developments in Europe.
LL.B. and B.A.
- England and Wales
- Japan (as a Registered Foreign Lawyer)
- New South Wales, Australia
Awards & Accolades
- Recognized as a leading lawyer in the major legal directories including: Projects & Energy and Investment Funds by Chambers Asia; Banking & Finance and Project Finance by IFLR1000; and Banking and Finance in Japan by Who’s Who Legal
- Named as one of the “Rising Stars” under the age of 40 by Law360
- Commentators regard Etienne as someone who “always poses good solutions to make deals proceed.” (Chambers Asia, 2016)
- Co-author of “The Basel effect”, February 2014, Project Finance