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Bakers and A&O act on Malaysian energy venture

Bakers and A&O act on Malaysian energy venture

Baker & McKenzie has advised Camco International Limited, a global developer of emission-reduction and clean-energy projects, on the establishment of a joint venture with Khazanah Nasional…

Baker & McKenzie has advised Camco International Limited, a global developer of emission-reduction and clean-energy projects, on the establishment of a joint venture with Khazanah Nasional Berhad, the investment-holding arm of the Malaysian government, advised by Allen & Overy.

The joint venture will be capitalised with up to $US46.05 million ($47.6 million) to invest in the emissions-to-energy market in South East Asia, together with carbon development and advisory services.

The joint venture was announced in London on 27 September 2010 after negotiations in Singapore and London.

Sydney based partner Paul Camow led the Bakers team. He was assisted by partner James Halliday and senior associate

Maria Pawelek from the firm's Sydney corporate practice, associates Simon Greenacre, Lachlan Tait and Kenny Wong from the firm's Sydney environmental markets practice, Mary Saywell on intellectual property matters, Natalie Rubinstein in Sydney on choice of law issues, and Elaine Yap and Donovan Cheah from Wong & Partners, the member firm of Baker & McKenzie in Malaysia.

Speaking about the transaction, Paul Curnow said: "This was a complex transaction, not only involving drafting and negotiating the documents establishing the joint venture and its subsidiary entities, but also a number of carbon services agreements for Camco's provision of carbon commercialisation and Clean Development Mechanism (CDM) qualification services for the CDM projects placed into the joint venture by Camco. We also assisted Camco to draft and negotiate agreements for the licensing by Camco of its trademark and brand to the joint venture, as well as advising on choice of law and arbitration issues relating to Malaysia."

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