Trade & Commodity Finance Experience Brochure

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Trade & Commodities Finance September 2009 Watson, Farley & Williams

Transcript of Trade & Commodity Finance Experience Brochure

Trade & Commodities Finance September 2009

Watson, Farley & Williams

Contents Our approach.......................................................................................................................3

Our trade & commodities finance practice.......................................................................4

Our experience ....................................................................................................................6

EUROPE...........................................................................................................................6

AFRICA.............................................................................................................................7

MIDDLE EAST................................................................................................................10

RUSSIA / CIS .................................................................................................................11

ASIA................................................................................................................................13

AMERICAS.....................................................................................................................14

Team profiles.....................................................................................................................18

Our offices .........................................................................................................................27

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Our approach Watson, Farley & Williams is a leading international law firm with offices in major financial centres in Europe, Asia and the USA. We now operate in London, New York, Paris, Hamburg, Munich, Rome, Milan, Athens, Piraeus, Singapore and Bangkok.

Our legal teams advise on English, French, German, Greek, Italian, Russian, New York,

US federal and Thai law and we maintain active relationships with leading law firms in

many other countries.

Our strengths derive from our commitment to excellence and we are determined to

maintain those standards as we expand.

We advise on international finance, corporate and commercial matters, mergers and

acquisitions, corporate finance, competition, taxation, dispute resolution, real estate and

employment law. Industry sectors where we have particular expertise across the firm

include shipping, aviation, energy, oil and gas, natural resources, private equity, real

estate and information and communications technology.

We are an energetic and enterprising legal practice committed to providing the highest

possible levels of service.

We believe in establishing and maintaining close working relationships with each of our

clients and in taking time to understand their particular businesses and objectives. This

approach enables us to assist our clients in achieving their goals.

We combine commercial acumen with technical expertise to offer creative but practical

solutions which facilitate our clients’ objectives. It is our aim to provide a service which

exceeds our clients’ expectations.

We strive to become the adviser of first choice to each of our clients in every area of

expertise.

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Our trade & commodities finance practice The exceptional dynamism of the international trade and commodities markets in recent

years, driven by volatile commodity prices, the growth of emerging markets corporates and

the recent crisis in the world’s financial markets, has resulted in a range of challenges and

opportunities for the origination and restructuring of trade and commodities finance deals.

We have responded to this challenge by creating an experienced team of trade and

commodities finance lawyers who document all aspects of the financing of domestic and

international trade. Specifically:

• We have in depth experience of working in the markets of energy, mining, metals,

oil, soft commodities, transportation and international finance, representing banks,

non-bank lenders, traders, producers and borrowers.

• Our lawyers understand the full extent of supply chains with experience ranging

from the financing of the production of raw materials, manufacturing processes,

storage and transportation of goods, receivables financing and cash management

products.

• We aim to work closely in partnership with our clients so as to structure and

document transactions creatively, efficiently and securely.

• We place strong emphasis on service standards, responsiveness and senior

lawyer attention to all transactions.

• Our pricing is competitive.

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Our clients include banks and financial institutions, such as Citibank, Calyon, Fortis Bank

Nederland, BNP Paribas, Lloyds TSB, Societe Generale, Intesa Sanpaolo and ING, and

corporates such as Trafigura, BHP Billiton, Ericsson and Norsk Hydro.

We act for banks, non-bank lenders, traders, producers and other borrowers in:

• Structured commodities finance, including advance payment arrangements

• Pre-export finance

• Letter of credit and guarantee facilities

• ECA backed facilities

• Receivables financing facilities

• Cash management products

• Derivatives

• Securitisation of trade receivables

• Unsecured lending to corporates

• Restructuring, workouts and insolvencies

• Collateral management issues, including collateral management agreements and

warehouse receipts financing.

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Our experience The following is a selection of transactions undertaken by our lawyers in this area.

EUROPE

• Advising Standard Chartered Bank on a US$50m senior debt and US$10m junior

debt facility to a Greek oil company

• Advising Standard Chartered Bank on regulatory capital issues concerning a

£63,000,000 transactionally secured facility to a trading house

• Advising Lloyds TSB Bank plc on a US$25m structured trade financing facility to

a Swiss trading company involving security over fertiliser stocks in Russia and the

Baltic States

• Advising on the terms of a standard form bank mandate and account opening form

• Advising a US bank as participant in documentation for the participation of trade

finance facilities

• Advising BHP Billiton on its trade finance documentation with various banks

• Advising Fortis on a receivables facility for Terex Corporation and its UK, German,

French and Italian subsidiaries

• Advising the lender on its participation in a US$250m receivables purchase facility

for a major automotive manufacturer

• Advising Intesa Sanpaolo in relation to a €45m SACE backed facility for the export

of steel rolling plant to a Ukrainian borrower

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• Advising a Middle Eastern bank on a £45m invoice discounting and letter of credit

facility for the financing of international trade in manufactured household goods

• Advising Fortis Bank on a £120m secured working capital facility to a trader in

petroleum products

• Advising a major French bank in an unusual High Court action brought to enforce

the bank’s security over goods in transit over which the bank had security for the

applicant’s payment obligation. The case involved an expedited trial against

owners, charterers and consignees during the court vacation and the detention of

the vessel at sea whilst the bank’s claim was settled

• Advising a major European bank in an action concerning the scope of the fraud

exception under UCP 500 in respect of deferred payment credits. The case is

likely to be a leading authority in this area

• Acting for a large European multi-national involved in metals trading and

manufacture in its arbitration claim for more than US$100m arising from a

collapsed trade financing deal which involved Islamic and traditional bank pre-

export financing

• Advising the lender on a US$30m revolving credit facility, including FX, money

market and derivative products for a shipping company structured as a borrowing

base facility with security over trade receivables

• Advising a shipping company in relation to forward freight agreements with a

series of financial institution counterparties

• Advising Europe Arab Bank plc on a transactionally secured facility to an English

company to finance trade in frozen fish and seafood

AFRICA

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• Advising Intercontinental Bank (UK) Ltd in preparing standard form trade finance

documentation for issuing, confirming and discounting letters of credit and

demand guarantees

• Advising Ericsson on the vendor financing of a mobile phone operator in Ghana

• Advising a bank on structured receivables financing to an African state owned oil

exporter

• Advising several creditors including African Export-Import Bank and Ericsson as

lenders to Vmobile Nigeria (now Celtel) on the financing of a GSM mobile phone

network in Nigeria. This transaction involved a consortium of 16 leading Nigerian

financial institutions and 6 offshore lenders providing facilities in several phases

which will ultimately reach approximately US$1bn, with support from MIGA and

EKN. The financing arrangements involved the establishment of a global loan and

security structure which will permit future financing plans to be completed

efficiently and in a timely manner. This deal won the Project Finance EMEA

Telecoms Deal of the Year 2006 - Source; Project Finance Magazine). The WFW

team has also advised on further debt financings for Vmobile provided by Ericsson

and Nordea Bank

• Advising Citigroup on a US$984m refinancing and provision of an additional

US$450m foreign currency facility, to enable Celtel Nigeria to further roll out its

mobile telephone business in Nigeria

• Advising a South African bank on a US$20m financing and the refinancing of a

mobile phone network project in Guinea Conakry, with support from OPIC

• Advising an exporter in relation to sale and financing contracts for the export of

fertiliser to West Africa, with related financing arrangements involving the sale of

receivables for amounts of up to US$10m at any one time

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• Advising African Export-Import Bank on a revolving invoice discounting facility, in

order to provide finance for corporates carrying on business with oil majors in

Nigeria, Angola and other eligible African countries

• Advising French banks on a project financing for the construction and

maintenance of oil stocking and distribution facilities in Benin and the Ivory Coast

• Advising African Development Bank on financing for the MTN Cameroon GSM

network in relation to its bid to secure a GSM licence in Cameroon

• Advising an energy trader in relation to a joint venture for the storage and

transportation of hydrocarbons in Congo

• Advising African Export-Import Bank on various letter of credit and trade finance

arrangements with the Ghana Cocoa Board in Ghana

• Advising French banks on a US$40m project financing for the construction of oil

refining facilities in the Ivory Coast

• Advising a French bank on a pre-export financing, including securitisation

structure, for cocoa exporters in the Ivory Coast

• Advising African Export-Import Bank on pre-export financing facilities for the

National Bank of Kenya

• Advising the lender in a US$10m structured pre-export financing secured on

cocoa stocks in the Ivory coast

• Advising African and European multilateral development banks, French ECA and

other lenders on a €315m project financing of a GSM telecommunications network

in Kenya for a major French multinational including a local bond issue as well as

local and international debt facilities

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• Advising an international oil & gas company on the sale of oil & gas exploration

interests in Kenya

• Advising a US bank on a global trade finance program for factoring debts due from

OECD importers to non-OECD exporters in Kenya

• Advising IFC, Export Credit Agencies and Development Banks on a US$200m

financing for the construction and operation of a Gold Mine in Sadiola, Mali

• Advising on an the financing of an energy sector project in Mali

• Advising African Export-Import Bank on trade finance facilities for several

commercial banks in Nigeria

• Advising an LNG sponsor on LNG transportation arrangements in relation to the

Nigerian LNG project tender

• Advising a French bank as agent for the French export lenders in Phase 1A of a

Hydroelectric Project in South Africa

• Acting for one of the world's leading commodity trading company's in a High Court

action with the South African Government state agency responsible for the

country’s strategic oil reserve and concerning a multi million dollar oil trading

contract

• Advising African Export-Import Bank on a US$25m gold pre-export financing

facility for the Reserve Bank of Zimbabwe

MIDDLE EAST

• Acting for a Middle Eastern owned bank on the preparation of security over cash

deposits made by an Iranian based financial institution.

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• Advising a Middle Eastern bank on the purchase of supplier credit loan

receivables in connection with telecommunications equipment in Pakistan

• Advising a Middle Eastern bank in connection with the purchase of supplier credit

loan receivables due for Saudi Arabian borrower in respect of telecoms equipment

• Advising a Middle Eastern bank on the purchase of supplier credit loan

receivables for telecommunications equipment in respect of Jordan

• Advising a Middle Eastern bank in connection with the purchase of supplier credit

loan receivables in connection with telecommunications equipment in Iraq

• Advising Calyon on a US$100m pre-export financing for Egyptian General

Petroleum Corporation, secured on export receivables

• Advising Arab Banking Corporation as the lender on a US$40m syndicated loan to

one of the world’s leading livestock traders, to finance the export of livestock from

Australia to the Middle East, including security and custody arrangements in Egypt

in relation to the livestock

• Advising a leading Saudi Arabian bank on structured loan, letter of credit and

guarantee facilities provided to a rice importer, involving security in the UK and the

US

• Advising a Middle Eastern Bank on documenting and restructuring a €160m

facility to finance the export of petroleum products

• Advising a Middle Eastern Bank on a €200m working capital facility to a state

owned oil company

RUSSIA / CIS

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• Advising a UK Plc on joint venture arrangements relating to a production sharing

agreement with SOCAR (state oil company), Amoco and Monument Oil for the

exploration of the Inam Block offshore Azerbaijan

• Advising an energy trader on crude oil transportation arrangements in Azerbaijan

and in Georgia

• Advising a European financier on the US$4m structured financing for the

acquisition of generating equipment by a Russian mining company

• Advising an international commodities house as lender in a US$10m pre export

financing to a Ukrainian borrower secured on sugar stocks in the Ukraine

• Advising an energy trader on a fuel storage terminal project in Poti, Georgia

• Advising an international energy trader on the structured financing of a petroleum

tank farm and related throughput arrangements in Georgia

• Advising ING Bank on limited recourse pre-export financings in relation to the

export of copper concentrates from Erdenet copper mine, Mongolia, via limited

recourse arrangements with the offtaker

• Advising a commodity trader on various pre-financings of copper concentrates in

Mongolia and the UAE

• Advising Global Energy Group on the supply of turbines and ancillary power

equipment to a Russian smelting company

• Advising a US overseas investment organisation on various investment

transactions involving entities in the oil and gas sectors in Russia and the FSU

• Advising a US bank on pre-export financing of crude oil exports from Russia

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• Advising a commodity trader on a US$10m prepayment of a Russian oil producer

in relation to the delivery of crude oil

• Advising an international energy trader on the pre-financing of gasoil in a product

sharing arrangement in respect of nationally controlled oil and gas fields in

Uzbekistan

• Advising a Middle Eastern bank in its participation in the US$1bn pre-export

finance loan to Eurasian Natural Resources Corporation, secured on receivables

from the sales of ferro-alloys produced by JSC Transnational Company

Kazchrome in Kazakhstan

• Advising a major commodities house as offtaker and risk participant in a US$1bn

metals financing in the CIS

ASIA

• Advising BHP Billiton on general trade finance matters

• Advising Deutsche Bank AG (Structured Trade & Export Finance team) on its

US$95m bilateral inventory financing facility provided to PT Tripanca Group in

Indonesia. Deutsche Bank AG, Singapore Branch acted as the sole arranger and

Deutsche Bank AG, Jakarta Branch acted as the sole lender. The facility was

structured as a revolver with 1 year tenor and secured by new inventory (coffee

beans) to be financed under the facility. The deal structure involved tripartite

collateral management agreement among the borrower, the lender and the

collateral manager (appointed by the lender) for the purpose of providing the

marked-to-market valuation of the inventory on a weekly basis

• Advising an international energy trader on sale and purchase arrangements with

Singapore and Indonesian counterparties and preparing documentation in relation

to the purchase of petroleum products under a renewable term pre-financing

facility of US$260m

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• Advising an international energy trader in relation to LPG processing and storage

facilities owned and operated by Pertamina, involving advising on “bonded zone”

status in Indonesia, joint venture arrangements, storage, sale and purchase

mechanics and transaction structure

• Advising the lender on the bankability proposals for the fuel supply arrangements

for a series of power projects in Gujarat, India

• Advising an international energy trader on pre-financing and purchase in

Indonesia of oil products from Pertamina

• Advising BHP Billiton in connection with the proposed acquisition of marketing

rights relating to Indonesia’s largest coal mine and in respect of a prepaid coal

arrangement

• Advising one of the largest commodities and animal feed traders on complexed

trade finance and arbitrage transactions in Thailand

AMERICAS

• Acting for a European Bank on a $12,000,000 pre-export financing for a Brazilian

soya bean producer, secured on soyabean stocks

• Advising a French bank on a €33m pre-export financing for a Cuban nickel

producer

• Advising a French bank on numerous structured trade financings for Cuban state-

owned entities supported by export receivables generated by commodity sales

contracts for sugar, oil and nickel and by tourism services

• Advising an energy trader on all aspects of a joint venture with an Argentinean

conglomerate to establish a downstream energy company, including the transfer

of existing energy projects throughout Latin America to a new joint venture entity

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• Advising the owner and operator of a petroleum products storage facility in

Argentina

• Advising banks on crude oil pre-financings in Argentina

• Advising a US bank on a term loan facility for an Argentine telecoms utility, to

finance the import of telecoms equipment from Sweden with support by the

Swedish export credit agency (EKN)

• Advising an international energy trader on the structuring and documentation of a

joint venture with a local chain of petrol stations in Brazil

• Advising an energy trader on downstream distribution joint ventures in Brazil

• Advising Fortis Bank NV on a structured pre-export financing involving security

over soyabean stocks in Paraguay

• Advising an international metals trader as lender on a pre-export financing

secured on metals stocks in Peru

• Advising a bank in connection with receivables purchase in respect of supply of

mobile telephones to a South American company

• Continued advice to the arrangers in the provision of structured trade financing

facilities for Banco Nacionale de Cuba, with security over tax and commodity

receivables

• Advising an international energy trader on a 30 year concession on an LPG

bottling and distribution project in Cuba and related joint venture with the Cuban

State

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• Advising the arranger, a major French bank, on a US$180m revolving credit

facility to provide finance for a receivables purchase facility in favour of the state

owned Cuban oil corporation

• Advising Fortis Bank and OND (the Belgian export credit agency) on a US$30m

facility to a major Cuban bank secured on tourism receivables

• Advising a French bank on a US$16.5m loan facility to a sugar trader to make

advance payments in respect of sugar contracts with Cuban exporters

• Advising a US bank on US$16m buyer credit to the Government of the Dominican

Republic to finance the construction of a bridge in the Dominican Republic, with

support from the Spanish export credit agency (CESCE)

• Advising an energy trader on a structured financing of a pre-paid crude oil

purchase transaction in Ecuador

• Advising an international energy trader on a proposed US$30m prepayment

against the export of fuel oil through an Italian major in Ecuador

• Advising an oil & gas trader on the supply of LPG to Ecuador

• Advising an international energy trader on the investment into a major Paraguayan

importer and distributor of hydrocarbons

• Advising the owner and operator of a petroleum products storage facility in relation

to various contractual matters in Paraguay

• Advising an energy trader on a US$40m pre-export facility for prepayment against

the purchase of crude oil from Peru

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• Advising an international energy trader on a US$40m advance payment facility

made to a Peruvian subsidiary of an Argentinean oil producer against the delivery

of crude oil

• Advising an international commodity trader on a US$20m pre-export financing of

the purchase of zinc concentrates from Peru, including advice on commodity

derivatives

• Advising the lender, a Swiss bank on finance arrangements for an oil major to

support the export of oil and gas from Trinidad

• Advising an international energy trader on a US$40m pre-export financing facility

of crude linked to a stock financing and repo arrangement in Uruguay

• Advising Chase Manhattan Trustees as the trustee, collection agent and lender

agent in a US$200m securitisation of export receivables of a major Colombian

coffee fund

• Advising a major US steel company in the US$90m securitisation of its export

receivables through a multi-seller conduit arranged by a European bank

• Advising a Mexican corporation in connection with a US$60m securitisation of

trade receivables

• Advising the corporate trustee in a US$100m securitisation of a Brazilian paper

and pulp manufacturer’s customer receivables and US$300m securitisation of a

Brazilian steel manufacturer’s customer receivables

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Team profiles JAMES A WATTERS

Partner

London

+44(0)20 7814 8119

[email protected]

Specialisation: asset finance, trade finance and banking transactions

SUMMARY

James Watters joined Watson, Farley & Williams in 1992 as a Partner, dealing with a

broad range of asset finance, trade finance and banking transactions

MICHAEL KENNY

Partner

London

+44 (0)20 7814 8042

[email protected]

SUMMARY Michael Kenny is a Partner in the London office of Watson, Farley & Williams. He

specialises in international banking and asset finance, with a particular focus on structured

trade and commodity finance and export finance. He is admitted in England and Wales

(1978) and in Hong Kong (1986).

He has extensive international experience, having worked as a lawyer in the Middle East

(Bahrain), in Hong Kong and in New York, where he was the resident English partner at

the firm’s New York office from 1995 to 1997. Michael is also experienced in acting for

multilateral credit agencies, including International Finance Corporation, African

Development Bank and African Export-Import Bank

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CELIA GARDINER

Partner

London

+44 (0)20 7814 8000

[email protected]

SUMMARY

Celia Gardiner qualified as a solicitor in 1991 and spent the early part of her career at

Norton Rose, specialising in banking, insolvency and debt restructuring. She worked for

five years as a partner at Richards Butler (now Reed Smith Richards Butler) where she

developed a particular interest in trade and commodities finance, working as part of a

market leading international energy, trade and commodities team. She joined Watson,

Farley and Williams as a partner in January 2008. Her practice consists principally of

international trade and commodities finance in which she acts for banks, non bank

lenders, commodities houses and trade borrowers. Clients include BHP Billiton, Fortis

Bank NV, HSBC Private Bank plc, Lloyds TSB, Europe Arab Bank plc, Persia International

Bank plc and Intesa Sanpaolo. She also continues to work on corporate debt restructuring

and insolvencies, with particular expertise in the insurance sector

ANDREW SAVAGE

Partner

London

+44 (0)20 7814 8000

[email protected]

SUMMARY

Andrew Savage qualified as a solicitor in 1997 and became a Partner at Watson Farley &

Williams in 2004. He was appointed Head of Litigation in 2007 and specialises in

commercial and finance disputes and international arbitration. He has acted on several

large scale cases involving cross border issues and regarding the relationship between

arbitration and court proceedings within and across states. He has also acted for and

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against state entities including the Federal Republic of Germany (in relation to an

important art theft case) and the Government of the Republic of Zambia (an arbitration

raising private law and public international law issues). The arbitration and litigation cases

he has advised on have related to finance, insolvency, energy, commodities, insurance,

shipping, construction, computer software and art theft.

LINDSEY KEEBLE

Partner

Paris

+33(0)156886043

[email protected]

SUMMARY Lindsey Keeble is a partner in the firm’s Paris office. Lindsey completed her LLM at Kings

College London in 1998 and joined Watson, Farley & Williams’ London office in 1999 as a

trainee solicitor. She qualified in 2001 and relocated to the Paris office in 2008. Lindsey

specialises in project and asset finance, focusing on the renewables and maritime sectors,

and commodity finance.

LAURENCE MARTINEZ-BELLET

Partner

Paris

0156882142

[email protected]

Specialisation: shipping finance

SUMMARY

Laurence Martinez Bellet joined the Paris office of Watson, Farley & Williams as a Partner

in April 2005, and is now head of the Paris office. She specialises in asset and structured

finance, and French and international leasing (aircraft, ships and equipment). Laurence

has acted for banks and financial institutions, equity providers, aircraft operators, finance

and operating lessors and arrangers. She has experience in structuring, documenting and

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negotiating construction, acquisition, leasing and financing documentation transactions

involving principally, vessels, aircraft and industrial equipment.

ERIC DIAMANTIS

Partner

Paris

+33(0)1 56 88 49 20

[email protected]

Specialisation: Oil and Gas, Transportation, Infrastructures

SUMMARY

Eric Diamantis focuses his practice on project development and risk management and

has advised project companies as well as developers/sponsors, governments and other

project participants in oil and gas, transportation and other infrastructure projects, in

France and abroad. In particular, he has worked extensively in Africa.

Eric Diamantis is a graduate of the Ecoles des Hautes Etudes Commerciales, a leading

French business school, and also has a degree of the Paris Institute of Political Sciences

(Science-Po). He holds as well a post-graduate degree of procedure in civil law from the

University of Paris II. He is also a Vice-President of the Euro-Mediterranean think tank

Ipemed. He is fluent in English, Italian, and Macedonian, has a fair knowledge of Spanish,

Serbo-Croatian, German and Russian and a basic knowledge of Chinese (Mandarin). Eric

Diamantis is admitted to the Paris bar.

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THOMAS HOLLENHORST

Partner

Hamburg

+49 (0)40 80 80 344-0

[email protected]

SUMMARY Thomas Hollenhorst is a partner in the firm’s international Project & Structured Finance

Group and founded Watson, Farley & Williams’ Hamburg office in 2005. He qualified as a

lawyer in 1998 and gained extensive banking experience as in-house lawyer with

Deutsche Bank and Berenberg Bank. Thomas has particular experience in acting for

banks and developers on large project and structured financing transactions. He is fluent

in English in addition to his native German.

DR. STEFAN KILGUS

Partner

Hamburg

+49 (0)40 80 80 344-0

[email protected]

SUMMARY Dr Stefan Kilgus is a partner in the International Project & Structured Finance Group. He

advises lenders, borrowers and sponsors on major finance transactions, such as project

and acquisition finance, receivables purchase facilities and debt restructurings.

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VIRGINIA MURRAY

Partner

Athens

+30 210 455 7303

[email protected]

Specialisation: Greek law energy finance, corporate and M&A

SUMMARY

Virginia graduated from Cambridge in 1989 and practised as a barrister for five years in

London before moving to Athens and qualifying as a lawyer there in 1998. She joined

WFW in 2007 after ten years at a major Greek commercial firm and specialises in

acquisitions and financing in Greece's fast-developing wind energy sector, as well as other

corporate M & A and finance deals in Greece for Greek and foreign investors and banks.

ELVEZIO SANTARELLI

Partner

Rome

0039 06 68 40 581

[email protected]

Specialisation: corporate and project work, real estate

SUMMARY

Elvezio Santarelli joined Watson, Farley & Williams in 2005. He specialises in corporate,

project work and real estate with particular emphasis on renewable energy projects in

Italy.

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DAMIAN ADAMS

Partner

Singapore

00 65 6551 9171

[email protected]

SUMMARY

Damian Adams joined Watson, Farley & Williams in 1997 as a trainee solicitor in the

London office, where he qualified in 1999. In 2000, Damian relocated to the firm's

Singapore office, where he became a partner of the firm in 2008. He specialises in a

range of cross-border corporate and commercial transactions including M&A, trade sales,

joint ventures, shareholder arrangements and AIM transactions including IPOs. He also

advises on structured commodity and trade finance transactions, having represented

commodities producers, traders and financiers in relation to product supply, sale and

purchase, storage and collateral management and financing and security arrangements.

Damian's practice focuses on the transport and natural resources sectors.

MEI LIN GOH

Partner

Singapore

00 65 6551 9125

[email protected]

SUMMARY

Mei Lin Goh has been with Watson, Farley & Williams since September 1998. She is

based in the Singapore office. Mei specialises in cross-border asset, project and

structured finance transactions. These transactions range from the documentation of “plain

vanilla” syndicated loans to the structuring of complex tax and/or balance sheet driven

transactions. In recent years, Mei has also developed a practice in relation to assisting

foreign clients in the establishment of their business and operations in Singapore in order

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to benefit from tax incentives made available in Singapore to the maritime and offshore

industries. Mei has acted for a variety of lenders, arrangers, lessors, lessees, owners,

operators and borrowers in Europe and Asia in the maritime & logistics, offshore oil & gas

and energy sectors

MEHRAAB NAZIR

Partner

Singapore

+44(0)20 7814 8012

[email protected]

SUMMARY Mehraab Nazir joined Watson, Farley & Williams as a partner in May 2008 and relocated

to Singapore in August 2009. He specializes in asset, project, commodity and structured

finance, with a particular focus on the energy and transportation sectors.

JOSH CLARKE

Partner

Singapore

65-6551-9126

[email protected]

SUMMARY Josh is a partner in Watson, Farley & Williams’ Singapore office. He specialises in cross-

border finance with broad experience in syndicated and secured bank financings with a

particular focus on leveraged, project, structured trade and export credit agency-backed

financings. Josh is a member of the APLMA Indian loan market subcommittee

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STEVEN BURKILL

Partner

Bangkok

+66(0) 2 665 7801

[email protected]

Specialisation: international dispute resolution work with focus upon international arbitration in the oil and gas, power and commodities sectors

SUMMARY

Steven Burkill joined Watson, Farley & Williams in 1998 and is head of the Bangkok Office

and head of the Asia dispute resolution team. He specialises in international litigation and,

in particular, London and Asia-based arbitrations involving oil and gas, power and large-

scale project disputes. He is also highly experienced in shipping litigation involving

charterparty, bill of lading, commodities and ship sale and purchase disputes. He is cited

in the Asia Legal 500 as a leading practitioner in dispute resolution work.

JOHN IMHOF

Partner

New York

001-212-922-2202

[email protected]

SUMMARY John Imhof joined Watson, Farley & Williams’ New York office in 2003. He focuses on the

financing and tax-based leasing of large infrastructure assets, including power station,

transmission and distribution assets, and on a broad range of trade finance and banking

transactions.

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Our offices London Watson, Farley & Williams LLP 15 Appold Street London EC2A 2HB Tel: +44 (0) 20 7814 8000 Fax: +44 (0) 20 7814 8141/8142

Milan Studio Legale Associato a Watson, Farley & Williams Via Santa Radegonda 11 20121 Milan Tel: +39 02 72 17 071 Fax: +39 02 72 17 0720

New York Watson, Farley & Williams (New York) LLP 1133 Avenue of the Americas New York New York 10036 Tel: +1 212 922 2200 Fax: +1 212 922 1512

Athens Watson, Farley & Williams Greek Branch 6th Floor Neophytou Vamva 4 Kolonaki 106 - 74 Athens Tel: +30 21 0455 7300 Fax: +30 210 7212 490

Paris Watson, Farley & Williams LLP 150, avenue des Champs-Elysées 75008 Paris Tel: +33 (0) 156 88 21 21 Fax: +33 (0) 156 88 21 20

Piraeus Watson, Farley & Williams Greek Branch 2nd Floor – Akti Miaouli 89 & Mavrokordatou 4 Piraeus 185 38 Tel: +30 21 0455 7300 Fax: +30 21 0459 4004

Hamburg Watson, Farley & Williams LLP Am Kaiserkai 69 20457 Hamburg Tel: +49 (0) 40 80 80 344 0 Fax: +49 (0) 40 80 80 344 10

Singapore Watson, Farley & Williams LLP 16 Collyer Quay #12-02 Hitachi Tower Singapore 049318 Tel: + 65 6 532 5335 Fax: + 65 6 532 5454

Munich Watson, Farley & Williams LLP Kardinal-Faulhaber-Straße 10 80333 Munich Tel: +49 (89) 237086 0 Fax: +49 (89) 237086 222

Bangkok Watson, Farley & Williams (Thailand) Limited Unit 902, 9th Floor, GPF Witthayu Tower B 93/1 Wireless Road Patumwan, Bangkok 10330 Tel: + 66 (0)2 665 7800 Fax: + 66 (0)2 665 7888

Rome Studio Legale Associato a Watson, Farley & Williams Piazza Navona, 49 2nd Floor int 2/3 00186 - Rome Tel: +39 06 68 40 581 Fax: +39 06 68 89 2717

Watson, Farley & Williams Website www.wfw.com

All references to ‘Watson, Farley & Williams’ and ‘the firm’ in this brochure mean Watson, Farley & Williams LLP and/or its affiliated undertakings. Any reference to a 'partner' means a member of Watson, Farley & Williams LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification.