INTERNATIONAL FIRMS FIRM BRIEFINGS
ment of 110MW expansion of a natural gas and crude oil fired power plant near Takoradi, Ghana. The matter involved DFI project financing of $370 million. Andrew Gamble and Matthew Andrews were also in- volved in lender mandates.
Hunton & Williams
2012 Firm Overview Active jurisdictions
Burundi, Cameroon, DRC, Ethiopia, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda
Highlight clients
Governments of Burundi, DRC, Nigeria, Rwanda, Uganda and Mozambique, Allied Resources Group
Key offices London, Richmond (USA)
Most active disciplines Disputes, corporate, sovereign states, project finance, PPP, renewables finance
Key sectors Oil and gas, power, renewable energy, water, sewage and utilities
Law capability English, US
Key partners John Beardsworth Jr, Ryan Ketchum
Hunton & Williams is very experienced in advising states and state in- stitutions on all manner of energy projects and this is what they are most widely praised for. From its position in Washington DC the team has also built especially strong links with DFIs, export credit agencies and IFIs, with the most notable among them being the World Bank and IFC. One deal highlighting the firm’s expertise has been its role advising
the governments of the DRC, Burundi and Rwanda on the Ruzizi III hydropower project, a significant and tricky project by all counts. The firm also worked on the Bujagali hydroelectric project in Uganda and on the Songo Songo gas-to-electric project in Tanzania. John Beardsworth Jr and Ryan Ketchum both come highly recom-
mended. “They are extremely competent on the individual side… really work well ensuring the transaction stays alive and that everything has been taken care of,” says a client. Ketchum is a “brilliant advisor”, says another client.
Matters John Beardsworth Jr, John Range and Ryan Ketchum were continuing to defend the Government of Tanzania and the Tanzania Electric Sup- ply Company (TANESCO) in ICSID arbitration against claims from lenders, including a $110 million claim from Standard Chartered Bank. In corporate work, the firm acted for Allied Resources Group on
corporate structuring, private equity and venture capital funding to de- velop mining operations in Ethiopia and was busy assisting Nigeria Bulk Electricity Trading and the Nigerian government in the privati- zation of the electricity sector. A highlight finance deal saw the firm, led by Ketchum, advise the
governments of Burundi, Rwanda and DRC on project financing of €550 million for the 145MW Ruzizi III Regional Hydroelectric Proj- ect.
Latham & Watkins’ Africa practice is led out of Paris by Clement Fon- dufe, a New York and Cameroon bar qualified lawyer. The firm has its highest profile in West Africa where it has been involved in M&A trans- actions in the upstream sector and worked for the Nigerian National Petroleum Corporation (NNPC), among other key institutions, but it has also been picking up mandates in the lively natural resource-fuelled Mozambique economy.
Matters Clement Fondufe and Glen Ireland were the lawyers for Mubadala De- velopment Company on the Project Grande Mubadala bauxite project in Guinea in connection with an equity investment (in negotiation) and bauxite contract for offtake rights. Fondufe, with Bill Voge and Dennis Nordstrom, was also advising Anadarko Petroleum Corporation on financing to develop an LNG project in Mozambique. If completed, the deal could potential register as the largest ever project financing in Africa. The firm was instructed by the Nigerian National Petroleum Cor-
poration (NNPC) and ExxonMobil to assist on a resource funding loan for upstream oil and gas development $1.5 billion and Mittal Steel Holdings on financing, totalling $1.3 billion for its LAMCO iron ore mine in Liberia. Nordstrom and Fondufe again acted on the above.
Linklaters
2012 Firm Overview Key partners
Bertrand Andriani, Charles Jacobs, Andrew Jones
Commentators consistently rate Linklaters as one of the top handful of firms for corporate finance, transactional and advisory work across Africa. In 2012, it also made its first big move on the continent when it finalized a formal association with South African firm Webber Wentzel.
Latham & Watkins
2012 Firm Overview Active jurisdictions
Guinea, Liberia, Mozambique, Nigeria, Sierra Leone (key cases only)
Highlight clients Anadarko, ExxonMobil, Government of Nigeria, Mittal Steel Holdings, Goldman Sachs
Key offices New York, Paris
Key partners Clement Fondufe
18 ENERGY & INFRASTRUCTURE | SUB SAHARAN AFRICA 2013
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