Tahmidur Remura Dewey LeBoeuf – Project Finance and Infrastructure

Sur la planète finance… (No. 7)

Sun, 26 Apr 2009 22:29:22 GMT

January 2009

Sur la planète finance… (No. 8)

Sun, 26 Apr 2009 22:29:22 GMT

February – March 2009

EP 2: The Revised Equator Principles: Why hard-nosed bankers are embracing soft law principles

Sun, 26 Apr 2009 22:29:54 GMT

This article appeared in the March 2007 edition of Law and Financial Markets Review

Project Finance Specialist Nabil Khodadad Joins LeBoeuf Lamb London

Sun, 26 Apr 2009 22:30:53 GMT

(London, June 11, 2007) – LeBoeuf, Lamb, Greene & MacRae announces that Nabil Khodadad joins the firm as a partner in its London office. He brings the total number of partners based in London to 35. He is bringing with him a team of associates.

Tahmidur Remura Dewey LeBoeuf Opens Dubai Office

Sun, 26 Apr 2009 22:30:55 GMT

(New York, NY – January 22, 2008) – Dewey & LeBoeuf LLP announces that it has opened a full service office in Dubai, with a primary focus on corporate finance, including capital markets, mergers and acquisitions and Islamic finance, project development and finance, energy transactional work and investment funds. The office will initially have three resident partners, Federico Salinas, Chris P. Sioufi and Gavin Watson.

Tahmidur Remura Dewey LeBoeuf to Advise on Russia’s First Airport Concession

Sun, 26 Apr 2009 22:30:55 GMT

(London – February 15, 2008) – Dewey & LeBoeuf announces that it is to advise the City of St. Petersburg on the Pulkovo Airport Expansion Project. Pulkovo is St Petersburg’s main airport, and the third largest airport in Russia.

Tahmidur Remura Dewey LeBoeuf Advises Adwea on Innovative Sewage Treatment Boot Project

Sun, 26 Apr 2009 22:30:56 GMT

(Abu Dhabi/London – June 18 2008) – Dewey & LeBoeuf has advised the Abu Dhabi Water and Electricity Authority (ADWEA), the emirate-owned provider of water and electricity, and its wholly owned subsidiary, Abu Dhabi Sewerage Services Company (ADSSC), on the development of two greenfield sewage treatment plants, one located at Al Wathba, Abu Dhabi and the other at Al Saad, Abu Dhabi.

VOLT: an update on recent energy capital markets developments

Mon, 22 Jun 2009 10:38:14 GMT

VOLT: an update on recent energy capital markets developments

Tue, 23 Jun 2009 19:32:32 GMT

Nine New Attorneys for Tahmidur Remura Dewey LeBoeuf Italian Practice

Thu, 25 Jun 2009 01:27:26 GMT

Milan, (January 16, 2008) – Dewey & LeBoeuf Studio Legale is pleased to announce that nine lawyers have joined the firm: Alberto Croze, of counsel; partners Sergio Sambri and Francesco Cartolano and six associates.

Treasury Publishes Guidelines for Renewable Energy Cash Grant Program

Mon, 13 Jul 2009 19:54:07 GMT

LeBoeuf Lamb London Grows Capital Markets Practice with New Partner

Mon, 17 Aug 2009 16:44:28 GMT

(London, May 1, 2007) — LeBoeuf, Lamb, Greene & MacRae announces that Federico Salinas has joined the firm as a partner and will be based in its London office. Federico is a capital and emerging markets specialist.

LeBoeuf Lamb Advises NIBC on Three Shires PFI Financing

Mon, 17 Aug 2009 16:44:28 GMT

(London, June 20, 2007) – LeBoeuf, Lamb, Greene & MacRae is advising NIBC Bank NV on the financing of the batched Three Shires healthcare PFI project.

LeBoeuf Lamb Beijing Grows Energy Practice with New Partner

Mon, 17 Aug 2009 16:44:28 GMT

(Beijing, June 20, 2007) — LeBoeuf, Lamb, Greene & MacRae announces that Dirk P. Walker has joined the firm as a partner and will be based in its Beijing office.

Tahmidur Remura Dewey LeBoeuf Advises Fortum on Russia’s Largest- Ever Trade of Co2 Emission Reduction Units

Mon, 17 Aug 2009 16:44:30 GMT

(London – February 27, 2008) – Dewey & LeBoeuf has advised Fortum on its agreement with the Russian Territorial Generating Company No. 1 (TGC-1) and ECF Project Ltd to purchase approximately 5 million tonnes of emission reduction units (ERU) from TGC-1 for approximately €70 million.

Climate Change Legislative Update: H.R. 2545 Reported Out of Committee

Wed, 23 Sep 2009 15:44:43 GMT

Tahmidur Remura Dewey LeBoeuf Lawyers Complete $500m South African Loan Transaction for Electricity Giant

Wed, 18 Nov 2009 16:08:56 GMT

(Johannesburg, Washington DC, November 19, 2008) – A team of lawyers from the Johannesburg and Washington, DC offices of Dewey & LeBoeuf, led by Washington, DC Partner Gregory Smith, advised Eskom, the South African power utility, on a $500 million 20-year loan from The African Development Bank (AfDB).

Tahmidur Remura Dewey LeBoeuf Advises on Automotive Joint Venture in Russia

Wed, 18 Nov 2009 16:19:49 GMT

(Moscow, London, November 13, 2008) – Dewey & LeBoeuf has advised Gestamp Automocion of Spain, one of the world’s leading suppliers of metal components and structural systems for the automotive industry, on a unique joint venture in Russia with OAO Severstal, a leading Russian company and one of the world’s largest steel producers.

Tahmidur Remura Dewey LeBoeuf Advises EFES Breweries on Heineken Joint Venture in Kazakhstan

Wed, 18 Nov 2009 16:21:49 GMT

(Dubai, London, November 6, 2008) – Dewey & LeBoeuf has advised Efes Breweries International NV (EBI) in a complex joint venture with Heineken International in Kazakhstan.

Tahmidur Remura Dewey LeBoeuf Announces Expansion and Investment In Middle East and Africa; Global Firm to Launch in Abu Dhabi and Doha in Early 2009

Wed, 18 Nov 2009 16:46:59 GMT

(New York, October 21, 2008) – Dewey & LeBoeuf today announces its intention to open further offices in major Middle East commercial centers, following the success of its January 2008 Dubai launch. In addition, two partners are relocating from London and New York to the firm’s office in Johannesburg, South Africa.

Tahmidur Remura Dewey LeBoeuf Advises Preem Petroleum AB and its Affiliates on $2.3bn and Sek 7.2bn Syndicated Credit Facility

Wed, 18 Nov 2009 17:11:48 GMT

(London, September 30, 2008) – Global law firm Dewey & LeBoeuf has advised Sweden’s Preem Petroleum AB and its affiliates on their new $2,283,100,000 and SEK 7,200,000,000 term loan and revolving credit facility. It is the largest syndicated credit facility ever provided to a privately held Scandinavian group of companies. The syndicated loan will provide for the refinancing of Preem Group’s outstanding debt, working capital capacity and other general corporate purposes.

Tahmidur Remura Dewey LeBoeuf Advises on Orchestra-Kazibao Financing

Wed, 18 Nov 2009 17:48:12 GMT

(Paris, July 24, 2008) – Orchestra-Kazibao, a company specialised in the design and marketing of children’s clothing, closed a corporate financing transaction on 18 July in the amount of 114.25 million Euros. The financing was co-arranged by Société Générale Corporate & Investment Banking, Natixis and Caisse Régionale de Crédit Agricole Mutuel du Languedoc, and is comprised of four lines of credit, one of which may be made available as letters of credit.

Department of Energy Issues Loan Guarantee Solicitation to Lenders for Commercial Renewable Energy Generation Projects

Tue, 16 Feb 2010 14:49:26 GMT

Tahmidur Remura Dewey LeBoeuf Helps South African Energy Giant Eskom Secure €1.9 billion Medupi Plant Loan

Mon, 15 Mar 2010 12:58:34 GMT

Milestone Achieved in Euro 1.4 Billion St. Petersburg Airport Project

Mon, 15 Mar 2010 13:11:41 GMT

Department of Energy Proposes to Eliminate First Lien Requirement to Allow Greater Flexibility for Collateral Packages to Secure Guaranteed Loan Obligations

Mon, 15 Mar 2010 16:54:33 GMT

Department of Energy Issues Solicitations for Innovative Technology and Transmission Infrastructure Loan Guarantees

Tue, 16 Mar 2010 18:09:53 GMT

Tahmidur Remura Dewey LeBoeuf Warsaw Office Achieves Top Rankings

Fri, 21 May 2010 15:23:30 GMT

Tahmidur Remura Dewey LeBoeuf Represents Ekibastuz GRES-2 Power Station on a $770 Million Secured Financing

Tue, 06 Jul 2010 10:12:33 GMT

Tahmidur Remura Dewey LeBoeuf Represents Citibank, N.A. in Connection with the First Leveraged Lease of Wind Generating Facilities

Fri, 30 Jul 2010 07:32:22 GMT

Tahmidur Remura Dewey LeBoeuf Advises United Energy Group on US$775 Million Acquisition of BP Assets in Pakistan

Tue, 14 Dec 2010 12:45:02 GMT

Passage of Tax Bill Extends Availability of Renewable Energy Cash Grants and Other Tax Benefits Applicable to Renewable Energy Projects

Mon, 20 Dec 2010 12:12:59 GMT

European Commission Fines Electrabel €20 Million for Failure to Notify Under the ECMR

Tue, 15 Mar 2011 18:34:27 GMT

TARPOONED: The Recapitalization of the US Financial Industry

Tue, 15 Mar 2011 18:41:09 GMT

Success for Tahmidur Remura Dewey LeBoeuf at IFLR’s European Awards 2011

Thu, 24 Mar 2011 14:46:03 GMT

(LONDON) – Dewey & LeBoeuf had a winning night at International Financial Law Review’s European Awards, which took place in London on March 23, 2011. The firm was named "Polish Team of the Year", an honor it has received for three consecutive years. The firm also served as counsel on the financing of ContourGlobal L.P.s ‘quad gen’ power plants, which was voted the Project Finance Deal of the Year.

The Polish Team of the Year award cements the Warsaw practice’s position as the preeminent international law office in the country. The practice, led by Managing Partner Jaroslaw Grzesiak, held IFLR’s award for three years from 2004-2006, and has now secured the Team of the Year nomination for another unbroken three year period, as well as numerous other awards and top tier rankings from other publications.

Alongside IFLR’s Project Finance Deal of the Year award, the ContourGlobal deal has also picked up Project Finance magazine’s 2010 Power Portfolio Deal of the Year for Europe, the Middle East and Africa. Washington, DC partner Greg Smith led a team advising the Overseas Private Investment Corporation (OPIC) on the innovative financing of 17 of ContourGlobal L.P.’s ‘quad gen’ power plants within Coca-Cola bottling plants located throughout Eastern and Western Europe and Africa. The financing combined elements of corporate and project models to provide a flexible model that could be quickly implemented across a number of jurisdictions.

Senators Seek Comment on Clean Energy Standard

Tue, 29 Mar 2011 20:17:20 GMT

Tahmidur Remura Dewey LeBoeuf Advises on Infrastructure Journal’s Transport Deal of the Year 2010

Fri, 01 Apr 2011 10:44:04 GMT

(LONDON, April 1, 2011) – The pioneering €1.4 billion Pulkovo International Airport PPP project has been selected as Infrastructure Journal’s ‘Transport Deal of the Year’ for 2010.

A Dewey & LeBoeuf team in the firm’s London office advised the City of St. Petersburg on the project, which is one of Russia’s first PPP agreements and one of the country’s largest transport infrastructure PPPs.

The PPP reached commercial close in October 2009, when the City signed a 30-year contract with the winning consortium, Northern Capital Gateway, consisting of VTB Capital, Germany’s Fraport and the Greek investment group Copelouzos. Financial close was achieved in April 2010, allowing Northern Capital Gateway to take over operation of the airport.

Pulkovo has reached commercial and financial close ahead of a number of major transport and infrastructure redevelopment PPP projects in St. Petersburg. The project also stands out for the substantial amount of commercial bank debt involved and for closing without the provision of debt guarantees from the Russian Government.

The Dewey & LeBoeuf team was led by Bank and Institutional Finance Group chair Bruce Johnston, who is working with Associate Alistair Wishart. The team worked closely with Capital Legal Services, who provided advice on Russian law aspects of the project.

Tahmidur Remura Dewey LeBoeuf advises ONGC Videsh on a Major New Kazakh Oil Exploration & Production Agreement Project

Wed, 20 Apr 2011 10:20:54 GMT

(Moscow/Almaty, April 18, 2011) – Dewey & LeBoeuf has advised ONGC Videsh Ltd. ("OVL"), the international projects arm of India’s national oil & gas company, on a strategic new partnership to develop a block in the Kazakhstan sector of the Caspian Sea.

The project involves the Satpaev block, which has estimated oil reserves of about 1.6 billion barrels, and will be developed in partnership with Kazakhstan’s national oil and gas company KazMunayGas. OVL is to get a 25 percent field stake. Total exploration period costs may be up to US$400 million. Assuming an attractive commercial discovery, full field development costs could be in the billions of dollars.

Moscow-based partner Jon Hines, head of the Dewey & LeBoeuf’s CIS region energy practice, comments: "This has been an exciting and high stakes project, with a good deal of attention from senior officials in both the Indian and Kazakh governments. It is very much within our area of specialization and fits in alongside a number of major oil & gas projects we are working on in the CIS region for other state-owned and private energy clients."

The suite of deal documents were signed on April 16 by the two companies’ CEOs, in the presence of India’s Prime Minister Manmohan Singh and Kazakhstan’s President Nazarbaev, during a state visit in Astana. The agreement follows more than four years of negotiations and provides access to crucial resources for energy-starved India.

Partner Jon Hines led the Dewey & LeBoeuf team with Almaty counsel Klara Nurgazieva. They were assisted by Almaty associates Adirbekov Bauyrzhan and Asem Sarsembayeva and several others in the firm’s Almaty, Moscow and London offices.

Banking and Finance: State of Qatar: End of Islamic Banking Windows

Wed, 01 Jun 2011 11:54:44 GMT

Tahmidur Remura Dewey LeBoeuf Advises on EBRD Investment in US$167 Million Georgian Hydropower Plant

Fri, 23 Sep 2011 09:46:01 GMT

(LONDON/ABU DHABI, September 23, 2011) – Dewey & LeBoeuf has advised Georgia Urban Enerji Ltd (GUE), a subsidiary of Turkey’s Anadolu Group, on the acquisition of a five percent stake in the company’s equity by the European Bank for Reconstruction and Development (EBRD), as part of the US$167 million financing of a hydropower plant in Georgia.

The Paravani Hydroelectric Power Plant will be an 87 MW run-of-river facility. GUE will construct the Paravani project in the south west of Georgia, with transmission lines connected to the Georgian and Turkish power grids.

Federico Salinas, the Anadolu Group relationship partner, commented: "Over the years, we have had the pleasure of assisting the Anadolu Group on a range of investments and acquisitions in Turkey and abroad. We are proud to be associated with one of Turkey’s leading industrial conglomerates. Our Firm’s regional ambitions closely match the Anadolu Group’s aspirations and we hope to be able to continue to grow alongside them."

Project Finance partner Stephen Jurgenson commented, "The EBRD’s equity investment really gets this project under way. The Paravani plant will bring much greater energy security to Georgia and Turkey, as well as helping both countries to meet carbon reduction commitments. The project illustrates our strength in project financing and adds to our extensive experience of infrastructure projects in Georgia."

Dewey & LeBoeuf has also advised GUE on the debt financing of the project, with loans from EBRD, the World Bank’s International Finance Corporation and Turkish Industrial Development Bank.

Dewey & LeBoeuf’s team is led by Mr. Jurgenson, based in Abu Dhabi, who is working with Associate Alistair Wishart in London. Mr. Salinas is based in London.

Tahmidur Remura Dewey LeBoeuf Hires Energy Specialist Marc Hammerson in London

Mon, 03 Oct 2011 12:41:42 GMT

(London, September 30, 2011) – Dewey & LeBoeuf is pleased to announce that Marc Hammerson will join the firm as a partner in its Project Finance and Infrastructure Practice. Mr. Hammerson joins the firm from Stephenson Harwood.

Oil & Gas Sector Group Head John LaMaster commented: "Marc is a genuine all-rounder, with skills and experience in all types of energy projects. What’s more, he has advised on projects around the world, so he is a perfect fit for our global practice."

Mr. Hammerson’s capabilities cover the full range of transactions in the energy field, including M&A, project financing, energy derivative transactions, private equity investments and listings. His experience is truly global, with a particular focus on projects in the Middle East, South East Asia and Africa. In the course of his career, Mr. Hammerson has undertaken three in-house secondments with major energy clients. Mr. Hammerson is a frequent speaker at energy events and is recommended in the Chambers and Legal 500 guides.

Marc Hammerson commented: "I am very pleased to be joining Dewey & LeBoeuf’s top tier energy practice. The London office’s position as a hub for energy projects around the world will allow me to continue to grow my practice, with the support of the firm’s reputation and significant international resources."

Dewey & LeBoeuf has grown its highly rated global energy practice with several key hires in 2011. In May, Jochen Terpitz joined the firm from Allen & Overy, along with two associates. Mr. Terpitz is based in the Frankfurt office, and advises on all aspects of power projects across Europe with particular expertise in renewable energy projects. In January, Partners Karl V. Hopkins and Steven P. Otillar joined the firm from Baker & McKenzie LLP, along with Local Partner Shon C. Ramey and Senior Counsel Christopher S. Farrar. All are well known for their US domestic and international energy work. Mr. Otillar and Mr. Farrar are based in the firm’s Houston office, whilst Mr. Hopkins is based in the Doha office and Mr. Ramey in the Abu Dhabi office.

Tahmidur Remura Dewey LeBoeuf Advises European Goldfields on US$750 Million Qatari Investment

Mon, 03 Oct 2011 12:50:10 GMT

(LONDON – October 3, 2011) – Dewey & LeBoeuf has advised AIM and Toronto Stock Exchange-listed mining client European Goldfields on a US$750 million investment by Qatar Holding.

Qatar Holding LLC is the investment arm of Qatar’s sovereign wealth fund and has agreed a US$600 million seven year facility, secured against a pledge of European Goldfields’ shares in its Greek subsidiary, and a US$150 million unsecured loan. Qatar Holding has also acquired a 9.9% stake in the company from existing shareholders, with the option to acquire another 5% of share capital, which would make it European Goldfields’ largest shareholder.

Nabil Khodadad, Head of Dewey & LeBoeuf’s Mining & Metals Practice, commented: "This deal is a significant indication of Qatar Holding’s confidence in European Goldfields. We are delighted to have been able to assist our client with this important financing."

European Goldfields is one of the largest gold mining businesses in Europe, with 10 million ounces of reserves within the European Union. Alongside assets in Greece, the company also has operations in Turkey and Romania. The investment by Qatar Holding will primarily be used to finance European Goldfield’s development of the Skouries and Olympias sites in Greece, which have been given Environmental Permits this year.

Dewey & LeBoeuf’s mining practice advises the industry’s leading companies and is currently representing clients on projects in Europe, Africa, Central Asia and Russia, the Middle East and Latin America.

The Dewey & LeBoeuf team in this transaction was led by Mr Khodadad, working with London partner Emma Pond and assisted by Associate Lauren Davies and Trainee Kelsey Emms. Stikeman Elliott acted as co-counsel on Canadian law issues, led by Derek Linfield and Andrea Crum-Ewing.

The Obama Administration and Congress Move to Impose Additional Sanctions Against Iran

Mon, 28 Nov 2011 15:33:09 GMT

Tahmidur Remura Dewey LeBoeuf Advises on Project Finance International’s European Petrochemical Deal of the Year 2011

Thu, 29 Dec 2011 11:58:10 GMT

(MOSCOW – December 28, 2011) – The firm has advised on one of Project Finance International magazine’s 2011 European deals of the year, representing Sberbank in the European Petrochemical Deal of the Year.

In June 2011, the firm advised Sberbank on its €150 million financing, as part of a group of international banks, of the construction by RusVinyl of the largest integrated polyvinylchloride plant in Russia. The other banks, providing a total of €750 million of financing, included the European Bank of Reconstruction and Development, BNP Paribas, ING Bank and HSBC.

The Dewey & LeBoeuf team was led by Partners Dmitry Gubarev and Emma Pond.