find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Five firms act on Sydney Desalination Plant privatisation

Five firms act on Sydney Desalination Plant privatisation

Allens, Baker & McKenzie, King & Wood Mallesons, Gilbert + Tobin and Olser have advised on the privatisation of Australia’s largest desalination plant and a 50-year water supply agreement with Sydney Water Corporation.

Firms: Allens (consortium including the Ontario Teachers' Pension Plan (OTPP) Board, Hastings Managed Infrastructure Funds Utilities Trust of Australia and The Infrastructure Fund), Gilbert & Tobin (lenders), Baker & McKenzie (Ontario Teachers' Pension Plan), Osler (Canadian advisers to OTPP), King & Wood Mallesons (NSW Government and the Sydney Water Corporation)

Deal: Binding offer to refinance the Sydney Desalination Plant

Area: Projects

Value: $2.3 billion

Key players: Partner Robert Clarke co-led the Allens team with finance partner Simon Lynch (pictured). Allens partners Ted Hill, Anthony Arrow, Michael Graves, Bill McCredie, James Darcy and Martin Fry also acted, along with Allens senior associates Nicholas Ng, Geoff Sanders, Charlie Harrison, Michael Ryan, Frances Dunn, and lawyers Fergus Green and Eleanor Khor. Bakers partners Michael Kunstler and Lewis Apostolou acted for Ontario. The team from G+ T was led by partners John Schembri and Alexander Danne from a project finance and acquisition perspective, and supported by lawyers Katherine Best, Adela Smith, Daniel Yim, Catherine Zara, Abigail Haseltine and Angela McDonald.

Deal significance: Located in Kurnell, the desalination plant is the largest desalination plant operating in Australia and is fully powered by renewable energy. It has a maximum capacity of 250 million litres a day. The deal, which was signed on 11 May, involves a long-term lease of the desalination plant, pipeline and site, and a 50-year water supply agreement with Sydney Water Corporation. Lynch said the people of NSW will benefit from the NSW Government's decision to select the consortium for the long-term lease of the plant. “This is the best prepared bid I have seen in my 20 years of experience,” said Lynch. The speedy transaction process was not without its challenges and involved a number of complexities including the regulatory risks relating to the Independent Pricing and Regulatory Tribunal, licensing under the Water Industry Competition Act 2006 (NSW) and the regime under the Essential Services Act 1988 (NSW). 

 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Five firms act on Sydney Desalination Plant privatisation
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 24 2017
Demand lifts in 2017/18 for short-term finance to cover crises
Promoted by NWC Finance. The first five months of the 2017-18 financial year have seen unpreceden...
LCA welcomes religious freedom panel
Nov 24 2017
LCA welcomes religious freedom panel
The Law Council of Australia says the establishment of a panel which will examine the human right to...
Law Society launched a new website, legal politics and lawmaking
Nov 24 2017
Law Society launches project to engage young Aussies
The Law Society of NSW has launched a new website to engage young Australians in legal politics and ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...