With offices across Beijing, Shanghai and Hong Kong, A&O Shearman assists clients with the full gamut of energy and resources mandates, including those relating to LNG, power, renewables and mining. The group is co-led by Yvonne Ho, a key point of contact for national and international banks and corporates seeking aid with cross-border energy projects and financings, Ling Li, best known for her work on cross-border M&A, joint ventures, and outbound investments in the energy and natural resources spaces, and Xiaogang (Sean) Wang, who is recommended for his project financing and development for major Chinese SOEs in the energy sector. Ho and Li are based in the Beijing office, while Wang splits his time across all three offices. The deep bench also fields Shanghai’s Matthew Bisley, who works with Chinese and international lenders and corporates on project development and financings, Benjamin Crawford, who handles a spread of corporate work relating to renewable energy, and Lucia He, who is recommended for cross-border M&A transactions.
Projects and energy: foreign firms in China
A&O Shearman
Responsables de la pratique:
Yvonne Ho; Ling Li; Sean Xiaogang Wang
Autres avocats clés:
Matthew Bisley; Benjamin Crawford; Lucia He
Principaux clients
China Southern Power Grid International
China Three Gorges Corporation
China Construction Bank
Asian Infrastructure Investment Bank
China Huaneng Group
China National Petroleum Corporation
China Yangtze Power
China National Petroleum Company International
China National Petroleum Corporation Exploration & Development Company (CNODC)
China Telecom Corporation
PetroChina Company Limited
Shanghai Electric Power Generation Group
China Datang Telecom
Principaux dossiers
- Assisted China Southern Power Grid International with an acquisition of two Peruvian assets from Enel Peru.
- Assisted China Three Gorges International Limited (“CTGI”) with its bidding to acquire Elecnor, S.A.’s 100% equity interest in Enerfín Sociedad de Energía S.L.U.
- Advised DBS Bank Ltd., Hong Kong Branch as lender and green loan advisor on a green loan facility to help CSAIL Renewable Energy Investment Ltd refinance its overseas renewable energy projects.
Ashurst
The team at Ashurst is sought out by project sponsors and lenders, ECAs and multilateral agencies looking for aid with large-scale, multi-jurisdictional, and cross-border project financings and developments in the transport and infrastructure sectors and has a special focus on countries across Asia, Africa and South America. The team is led by Singapore-based Chin Chuan Chen, who is well-versed in handling landmark financing transactions across the infrastructure, energy, and mining sectors. Zhibin Fan, of the Beijing office, is also recommended for cross-border project financings.
Responsables de la pratique:
Chin Chuan Chen
Autres avocats clés:
Zhibin Fan; Xinpei Shen
Les références
‘The team is highly professional, enthusiastic in serving clients, and provides timely feedback on issues.’
‘Fan Zhibin – professional in international financing business, enthusiastic attitude, timely feedback.’
‘Ashurst is capable of handling complex legal affairs and structural design under syndicated loan projects.’
Principaux clients
China Development Bank
Bank of China
Industrial and Commercial Bank of China
China Construction Bank
Export-Import Bank of China
Deutsche Bank
DBS Bank
China Export & Credit Insurance Corporation
China Minsheng Bank
Malayan Banking Berhad
OCBC Bank
Principaux dossiers
- Advised the syndicate of lenders to provide a term loan facility of more than US$4 billion to the Republic of Angola to finance the construction of the Caculo Cabaca hydroelectric power project with an installed capacity of more than 2,100MW.
- Advising a consortium of international and PRC lenders on the project financing of an advanced metering project in a South East Asian country.
- Advising the financiers on the project financing of a milestone high speed rail project in a South East Asian country.
Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP remains a top choice for clients including sponsors, banks, government bodies, looking for assistance with traditional energy, renewables, utilities, transport and infrastructure projects. It’s recent caseload includes a diverse range of projects ranging from water and waste, to transport infrastructure like rail, airports, ports, and roads, as well as PPP/PFI initiatives. In Beijing, the group is steered by Calvin Ho who expertly handles cross-border developments, acquisitions, financings and joint ventures for leading energy and infrastructure players. Over in Hong Kong, Hilary Lau stands at the helm, offering aid with issues related to oilfield services and LNG. In November 2024, Monica Sun departed.
Responsables de la pratique:
Calvin Ho; Hilary Lau
Les références
‘Very familiar with China’s LNG market and LNG international trade business, and understands client’s needs and industry rules.’
‘They respond quickly to the needs of the clients and meet the needs professionally, with high quality and efficiency during the intense and fast SPA negotiation stage.’
Principaux clients
V.Ships Asia Group Pte Ltd
FAS Energy For Trading Company
Woodside Energy Shipping Singapore Pte Ltd
Ravenala Investment Limited
China Risun Group Limited
Emirates Global Aluminium (EGA) / Guinea Alumina Corporation
Norin Mining (Hong Kong) Limited
Principaux dossiers
- Advised FAS Energy, a Saudi Arabian solar giant, on forming a joint venture with PCG Power to develop rooftop solar projects in China, valued at USD 138 million.
- Advised Ravenala Investment, a fund backed by Chinese government, on its USD 200 million financing of the 300MW Amaria Hydro Power Plant in Guinea.
Linklaters
Boasting national expertise and international capability, Linklaters remains a dominant force in the projects and infrastructure space, and has notable experience handling large scale Belt and Road projects. The team is well-equipped to handle an array of mandates within the natural resources and new energy spaces, and is increasingly instructed on EV battery space matters. The Beijing office includes Xiaohui Ji, who focuses on project finance for Chinese financiers and sponsors and Jianbin Wang who counts Chinese policy and commercial banks, ECA as well as Chinese enterprises as his key clients.
Responsables de la pratique:
Xiaohui Ji
Principaux clients
China banks
China Development Bank
China Construction Bank Corporation
Bank of China
The Export-Import Bank of China
Sinosure
Standard Chartered Bank
Energy
China Machinery Engineering Corporation
China Three Gorges International Limited
China Power International Holding Limited
Principaux dossiers
- Advising a client in relation to the financing of the multi-billion-dollar development, construction, ownership and operation of ferronickel processing lines, a deep-water jetty and ancillary facilities and infrastructure, including an LNG power generation solution in Central Sulawesi, Indonesia, being developed by Vale and its Chinese partners.
- Advising Silk Road on its acquisition of 49% stake in the 1,500MW Sirdarya combined cycle gas turbine facility in Uzbekistan.
Clifford Chance LLP
The interdisciplinary energy and natural resources team at Clifford Chance LLP handles a variety of work in the projects space, and, is most notably recognised for long-standing climate change practice. Practice head Jiahua Ni is a key point of contact for major banks looking for assistance with cross-border financings, Shanghai-based Kelly Gregory handles national and international M&A, disposals and joint ventures, whilst in Beijing Terence Foo advises on public and private M&A transactions in teh energy sector. Splitting their time between Hong Kong and Beijing are Maggie Lo, who is well versed in handling cross-border financings including project finance, acquisition finance for Chinese and international financial institutions and borrowers and Vicky Ma, who deals with international project financing transactions in the energy and infrastructure spaces.
Responsables de la pratique:
Jiahua Ni
Autres avocats clés:
Kelly Gregory; Terence Foo; Maggie Lo; Vicky Ma
Principaux clients
Bank of China
China Development Bank
The Export-Import Bank of China
China Merchants Bank
Asian Infrastructure Investment Bank
Wynn Resorts
Baoshan Iron & Steel Co., Ltd.
State Grid International Development Limited
Zhejiang Huayou Cobalt Co., Ltd.
TBEA
Three Gorges
SABIC
SQM
EDF
Principaux dossiers
- Advised a syndicate of international banks, led by Bank of China and ING as initial mandated lead arrangers, on the international aspects of its approximately US$3.9 billion financing for the development of a nationwide 4G and 5G telecommunications network in the Philippines by Dito Telecommunity Corporation (Dito), the third and newest telecommunications operator in the Philippines.
- Advised China Development Bank, Industrial and Commercial Bank of China Limited, Bank of Communications Co., Ltd., China Minsheng Bank Corp., Ltd. and Postal Savings Bank of China Co., Ltd. in relation to a syndicated term loan facility to Thar Coal Block-1 Power Generation Company (Pvt.) Limited for the construction of Thar I 2X660MW coal fired power project. Sinosure provided buyer’s credit export insurance for this project.|Advised China Development Bank, Industrial and Commercial Bank of China Limited, Bank of Communications Co., Ltd., China Minsheng Bank Corp., Ltd. and Postal Savings Bank of China Co., Ltd. in relation to a syndicated term loan facility to Sino Sindh Resources (Pvt.) Ltd for the construction of Thar coalfield block I open-pit coal mine. Sinosure provided buyer’s credit export insurance for this project..
- Advised the lenders in relation to the financing of six 174,000 m3 LNG carriers. The sponsors are Nippon Yusen Kabushiki Kaisha (NYK), CETS Investment Management (HK) Co., Ltd., CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. and China Merchants Energy Transport Investment Company Limite. The vessels are to be constructed by Hudong-Zhonghua Shipping (Group) Co., Ltd. and China Shipbuilding Trading Co., Ltd. (China).
Milbank
with offices in Beijing and Hong Kong, Milbank has an excellent track record of navigating a range of energy and natural resources matters on a national and international basis. Project finance specialist Shepard Liu steers the practice from its Beijing office, supported by Hong Kong-based Desiree Woo who handles project development within the power and natural resources sectors, and Beijing-based infrastructure finance-focused Marco Ying who is a key contact for international banks and private equity sponsors.
Responsables de la pratique:
Shepard Liu
Autres avocats clés:
Desiree Woo; Marco Ying
Les références
‘The team is very efficient and can quickly respond to client’s needs.’
‘They foresee possible problems during the execution process and make plans in advance, which is impressive.’
‘Shepard Liu – always able to prepare solutions for possible problems.’
Principaux clients
The Export-Import Bank of China (CEXIM)
Industrial and Commercial Bank of China
Shandong Electric Power 3 (SEPCOIII)
Asian Development Bank
PT Amman Mineral Industri
ACEN Corporation / Ayala Group
Aboitiz Power
GNPower Ltd
PT Supreme Energy Rantau Dedap (SERD)
BOC (Central and Eastern Europe)
S. Alam Group
PT Medco Power Indonesia
CITIC Construction
China Gezhouba Group International Engineering Co., Ltd.
Principaux dossiers
- Acted for the ICBC and other global lenders in a US$11 billion loan to the Ministry of Finance of the Kingdom of Saudi Arabia.
- Advised Asian Development Bank and the Senior Secured Parties in connection on the financing and construction of the Monsoon Wind Power Project – a 600-megawatt wind power plant in southern Laos that feeds into Vietnam.
- Advised China Export-Import Bank (CEXIM) in a US$300 million loan facility to Africa Finance Corporation (AFC) and a US$600 million loan facility to African Export-Import Bank (Afreximbank).
Norton Rose Fulbright
National and international banks, financial institutions and corporates within the petrochemical, renewables, energy, nuclear, oil gas, infrastructure sectors make up the impressive client roster at Norton Rose Fulbright. The practice is co-chaired by the Beijing-based duo Jerry Li, who is recommended for corporate, M&A, concessions, PPP and project finance and Tom Luckock whose wide practice encompasses transactional, project development and project finance relating to the power, infrastructure and mining sectors. Also in Beijing, Yaxun Wang is known for advising SOEs, ECAs, commercial banks and corporations clients on a wide range of international finance deals, with a particular focus on oil & gas, power and infrastructure sectors.
Responsables de la pratique:
Jerry Li; Tom Luckock
Autres avocats clés:
Yaxun Wang
Principaux dossiers
White & Case LLP
White & Case LLP 'draws upon energy specialists across the globe, including in Shanghai, Hong Kong, and Singapore'. The team is known for its ability to handle the full scope of project development and financings within the renewables, oil and gas, mining and metals and infrastructure spaces, both within China and beyond it. Beijing-based practice head David Li leverages his expertise in equity and debt financings throughout Asia, Africa, and Latin America, working on projects across the energy, natural resources, utilities, and telecommunications industries. In Shanghai, Vivian Tsoi is recommended for US-China and Europe-China cross-border transactions. Yan Yan is a further name to note.
Responsables de la pratique:
David Li
Autres avocats clés:
Vivian Tsoi; Yan Yan
Les références
‘We commend the team for being proactive in addressing key risks and issues in the projects. W&C managed to provide high quality and timely support to us.’
‘David Li has ample experience in project finance transaction, and always provided valuable and practical advice, taking into account both legal and commercial matters of the transaction.’
‘Unlike other firms that have pockets of expertise in one or two offices, White & Case is able to draw upon energy specialists across the globe, including in Shanghai, Hong Kong, and Singapore. For that reason, I have worked with their teams for almost two decades now and have never been disappointed by their responsiveness and deep understanding of the energy sector. ’
Principaux clients
European Bank for Reconstruction and Development
Asian Infrastructure Investment Bank
Industrial and Commercial Bank of China
Saudi Aramco
Petroliam Nasional Berhad
Zhejiang Huayou Cobalt Co.
Principaux dossiers
Baker McKenzie
Baker McKenzie FenXun handles the gamut of corporate, regulatory, transactional and disputes with a special focus on projects within the power, oil and gas, petrochemicals, renewables and mining and metals spaces. On the projects side, the group is led by Simon Leung, who splits his time between Beijing and Hong Kong, and is sought after for his experience in cross-border financings, while on the energy side, Beijing-based Stanley Jia advises on overseas investments in the energy, power and mining sectors. In Shanghai, Alexander Gong is also noted for transactional work.
Responsables de la pratique:
Simon Leung; Stanley Jia
Autres avocats clés:
Alexander Gong
Principaux clients
China Construction Bank
PT Huafei Nickel Cobalt
New World Development
Principaux dossiers
- Acted for China Construction Bank Corporation, Sichuan Branch on RMB1,254,576,800 Sinosure covered term loan facilities extended to PT CHENGTOK LITHIUM INDONESIA.
- Acted for PT Huafei Nickel Cobalt as borrower on a syndicated loan facility of up to RMB8,400,000,000 extended by a syndicate of lenders with The Export-Import Bank of China, Zhejiang Branch as mandated lead arranger.
- Assisted INVISTA with its manufacturing plant projects in Shanghai.
Pinsent Masons
Pinsent Masons is singled out for its ‘rich international legal knowledge and practical experience'. The team has solid track record in projects and financing mandates, and is well-equipped to handle cross-border matters. The team is increasingly instructed on complext Belt and Road investments, and is advising Chinese SOE contractors on mega projects in Saudi Arabia. Practice head Kanyi Lui advises lenders and sponsors on project financings, while John Yeap is regularly instructed on regulatory and corporate aspects of energy and power transactions. Mark Hu is a key contact within the energy and infrastructure spaces and has worked on a number of noteworthy cross-border renewables developments projects.
Responsables de la pratique:
Mark Hu; Kanyi Lui; John Yeap
Autres avocats clés:
Amanda Yao; Bernard Ang; Greg Jones
Les références
‘Rich international legal knowledge and practical experience, and can provide comprehensive cross-border legal services to clients.’
‘Mark Hu has profound legal knowledge and is proficient in core legal fields such as engineering-related laws and industry practices, international investment law, multinational corporate law, and energy law. He also has a deep understanding and unique insights into the laws and regulations, business environment, and policy dynamics of the target investment country (Indonesia).’
‘Isabelle Chan (Hong Kong) is good at proposing innovative and feasible solutions based on the specific circumstances of the project, combined with our business needs and market environment. She is not bound by traditional practices and is brave enough to try new methods to ensure the success of the project.’
Principaux dossiers
- Advising a joint venture owned by a leading lithium-ion battery manufacturer in the world on its development of the USD6 billion integrated battery facility in Indonesia.
- Advising several Chinese contractors on the review and negotiations of their contracts with NEOM Company for the delivery of various assets for the giga NEOM smart city project, including tunnels, dams, piling, foundation, highway, dormitory, new energy, utilities infrastructure and construction villages.
Clyde & Co LLP
Clyde & Co LLP is particularly active in the oil and gas, LNG, renewables and mining spaces across China. It enjoys its joint law venture with Westlink Partnership to act on a diverse range of onshore and offshore projects. Hong Kong-based practice head Fei Kwok handles corporate contracts and M&A mandates in the oil and gas, renewables and petrochemicals sectors. Shanghai-based Yang Lu handles financing transactions, M&As, and LNG procurement and trading.
Responsables de la pratique:
Fei Kwok
Autres avocats clés:
Yang Lu; Wen Zhu
Principaux dossiers
DLA Piper
With a strong track record in M&A, project development and financing within the energy and natural resources sectors, DLA Piper is instucted by corporates and government bodies on project development, regulation, transactions and disputes. The practice is jointly led by the Hong Kong-based Carolyn Dong, a name to note for cross-border project development, joint ventures, and M&A, and Russell Wilkinson who handles sales, purchases and financing within the LNG and gas sectors. Project financing specialist Matthias Schemuth now splits his time between Singapore and Hong Kong.
Responsables de la pratique:
Carolyn Dong; Russell Wilkinson
Autres avocats clés:
Matthias Scheumuth
Les références
‘The team is professional and efficient in the energy field. The lawyers in the team are experienced and responsible. They communicate smoothly with clients and understand their perspectives and concerns.’
‘Carolyn Dong has rich experience, communicate smoothly with clients, and cooperate efficiently.’
Principaux clients
Shenhua Guohua Lion Power Indonesia (SGLPI)
Natixis Investment Managers International Hong Kong Limited, Sunlife Insurance and Fubon Bank
Asian Development Bank
DZ Bank AG
Industrial and Commercial Bank of China (Asia) Limited
Banco Bilbao Vizcaya Argentaria, S.A.
DBS Bank Ltd.
Industrial and Commercial Bank of China (Asia)
Principaux dossiers
- Advised SGLPI on all aspects of the tendering, development, financing, construction, management and operation of a US$800 million-plus, 2x300MW Sumsel-1 power project, on a BOO basis.
- Advised Asian Development Bank (ADB) in relation to its Rong Chang Hog Breeding Phase II Project.
- Advised Natixis Investment Managers, Sunlife Insurance and Fubon in relation to the limited recourse project financing of a portfolio of up to 30 MW rooftop solar PV projects in Hong Kong undertaken by Widex Solar, which was acquired by PAG (a leading APAC focussed alternative investment manager).
Gide Loyrette Nouel A.A.R.P.I.
With deep experience handling matters related to natural resources projects, Gide Loyrette Nouel A.A.R.P.I. is a top choice for contractors, sponsors, lenders, governments seeking assistance with major infrastructure and energy projects. The group is jointly led by M&A expert David Boitout, who operates from Shanghai, Beijing’s tax partner Guo Min, who attracts leading European companies looking to invest in China, as well as Jiannian Fan whose wide practice encompasses banking and finance, disputes work and M&A.
Responsables de la pratique:
David Boitout; Guo Min; Jiannian Fan
Autres avocats clés:
Xi Chen
Les références
‘Gide’s team has extensive experience in the mining and infrastructure sectors, especially in Africa.’
‘Xi Chen has extensive experience in the mining sector.’
Principaux clients
Engie (China) Energy Technology Co., Ltd
Legrand SA
Aluminium Corporation of China
Chalco Guinea Company
China Energy International Group Co., Ltd.
Eramet
Principaux dossiers
- Advising Eramet—a multinational mining and metallurgy company—on the financing and development of a mining project in the People’s Republic of China (PRC).
Reed Smith
The energy and natural resources group at Reed Smith LLP advises on regulation, financings, M&A and disputes for clients in the energy, renewables and oil and gas sectors. In Beijing, practice head Eric Lin has notable expertise in M&A, project finance within the energy and natural resources spaces, while Katherine Yang is well equipped to advice multinationals on regulatory issues in the energy, manufacturing and mining sectors, and has particular focus on the environment, sustainability and carbon footprint aspects of ESG.
Responsables de la pratique:
Eric Lin
Autres avocats clés:
Katherine Yang