find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Minter Ellison puts on a display

Minter Ellison puts on a display

Minter Ellison is key adviser to Dragages Et Travaux Publics, which is leading the consortium chosen by the Hong Kong Government and the Hong Kong Airport Authority to build the new HK$2.3…

Minter Ellison is key adviser to Dragages Et Travaux Publics, which is leading the consortium chosen by the Hong Kong Government and the Hong Kong Airport Authority to build the new HK$2.3 ($0.46) billion exhibition centre at Chek Lap Kok airport.

Dragages et Travaux Publics is part of France’s largest construction company, Bouygues SA.

The Hong Kong-based Minter Ellison major projects team, led by Sam Farrands and Elisabeth Ellis, has worked with Dragages for the past five months on its winning bid for this project. The new exhibition centre, which is the first public private partnership (PPP) project undertaken in Hong Kong, will create 2,000 jobs during construction and is expected to generate more than HK$78 ($15.5) billion in economic benefits over the next 25 years.

Dragages has significant expertise in PPP projects and in the construction and operation of large multi-purpose exhibition complexes. Another consortium member, NEC Group, manages five exhibition centres in the UK.

Baker & McKenzie recently acted for the City of Kyiv in the first municipal eurobond offering from Ukraine.

The transaction was structured as a US$150 ($230) million issue of loan participation notes to fund a loan to the City of Kyiv, acting through the Kyiv City Council. Kyiv is the political capital and the financial, scientific and cultural centre of Ukraine. Baker & McKenzie acted as English and Ukrainian legal advisers to the City of Kyiv. The offering was joint lead managed by Dresdner Kleinwort Wasserstein, J.P. Morgan and UBS Investment Bank.

Clifford Chance acted for the joint lead managers on English and German law matters and Ukrainian law firm Shevchenko Didkovskiy & Partners acted as the joint lead managers’ Ukrainian legal adviser on the transaction.

Freshfields Bruckhaus Deringer, Hong Kong office, advised the five export credit agencies (ECAs) participating in the landmark limited recourse financing of the US$4.3 ($6.6) billion Nanhai petrochemical project, sponsored by China National Offshore Oil Corporation (CNOOC) and Shell Petroleum N.V..

This is the largest limited recourse financing in Asia to date and with the various types of lenders involved (onshore lenders, offshore lenders and five ECAs) one of the most complex.

The lenders benefitted from a debt service undertaking whereby CNOOC and Shell undertake to guarantee an equal portion of amounts owed by the borrower, CNOOC and Shell Petrochemicals Company Limited, under the debt facilities.

An innovative structure was also put in place whereby the amounts borrowed under the offshore commercial facility and the ECA facilities could be adjusted in line with the borrower’s procurement strategy, to allow the borrower maximum flexibility in its procurement.

The financing was very complicated, involving nine tranches of debt.

Latham & Watkins advised the commercial lenders. Commerce & Finance Law Office advised the lenders and the ECAs. Allen & Overy and Jingtian & Gongcheng advised the Borrower. Linklaters & Alliance advised CNOOC.

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

Minter Ellison puts on a display
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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'...
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...
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 & ...