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.
For more than a decade, our global Project Development & Finance practice has been recognized as an elite international practice by prestigious legal directories such as Chambers & Partners and Legal 500. In the current regional editions of Chambers & Partners and Legal 500, our practice is recognized among the top three bands in one or more project development and finance categories in the following countries/jurisdictions:
Globally, our attorneys and practice group consistently receive awards and recognition for the innovative and client-focused work we provide. Some of our most recent practice group, project and attorney awards and recognitions are highlighted below:
Practice Group Awards
Attorney Awards & Recognitions
“The team is tremendously well educated in project finance nuance and always aware of larger macro issues that may affect our space.”
“The team are very creative in their approach. They are very sharp but with a strong commercial sense.”
- Chambers USA 2022
“The firm is exceptional and the teams they put forward really deliver. They truly have an ability to transfer understanding to clients and know how to manage the risks and opportunities in a transaction..”
“Shearman & Sterling is an outstanding firm. The team brings immense knowledge across multiple jurisdictions..”
- Chambers UK 2023
“The team at Shearman & Sterling is very good and you can trust them with highly complex energy and infrastructure projects on both the sponsor and lender side.”
- Chambers Africa 2022
“Shearman & Sterling is an exceptional law firm. We very much appreciate working with them and can highly recommend their services. The legal advisors are highly committed, knowledgeable, creative, solution-driven – just what you need to close a deal.”
“Shearman & Sterling has significant and deep expertise in major project-financed power projects. The firm is very flexible and definitely client-focused.”
- Chambers Asia-Pacific 2023
“We are quite satisfied with their ability to handle things in a timely manner as well as their impressive background knowledge and experience.”
“The lead partners are exceptionally knowledgeable and are innovative in coming up with solutions to complex problems. The partners are backed with high quality senior associates who are clearly partner material in the offing.”
“Shearman & Sterling have a well regarded, solid project financing team, especially in the Middle East where you get the sense that they have made a real effort to grow the practice group and presence on the ground.”- Legal 500 EMEA 2022