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Norton Rose advises consortium of banks on $500m bond issuance

Global law firm Norton Rose Fulbright has advised Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, Emirates NBD Bank PJSC, Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, J.P. Morgan Securities plc and Société Générale as joint lead managers on a US$500 million bond issuance by Emirates NBD Bank PJSC.

The notes are due February 2025 and were issued off Emirates NBD Bank PJSC’s $12,500,000,000 Euro Medium Term Note Programme, which was updated in July 2019 and on which Norton Rose Fulbright also advised.

The Dubai-based Norton Rose Fulbright team was led by head of debt capital markets for the Middle East, Gregory Man, with assistance from senior associate, Ganna Vlasenko.

Gregory Man commented: “We are proud to have been involved in this transaction. This deal builds on Norton Rose Fulbright’s track record of advising on notable bond transactions in the region and once again provided us with the opportunity to represent many of our leading financial institutions clients.”

About Norton Rose Fulbright

We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,700 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

Recognised for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

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HFW continues to grow its Australia presence with two new partners

Global, sector-focussed law firm HFW continues its growth in Australia with the partner promotion of energy and renewable specialist Jo Garland and the partner hire of regulatory and product liability specialist Dr Michael Maxwell from Clayton Utz. They are both based in HFW’s Perth office.

Gavin Vallely, Managing Partner Australia, HFW: “We are delighted to announce Jo’s promotion and welcome Michael to HFW. Jo’s vast experience in the power generation sector and in particular her recent work on Australia’s first co-located wind and solar farm, and a ground breaking “new energy” peer-to-peer energy trading project provides clients with the innovative support which we believe is characteristic of HFW’s service offering.

Michael’s expertise in regulatory issues, international risk and multifaceted litigation is an ideal fit for our business, in particular our international trading and logistics clients who are exposed to increasingly complex and onerous compliance requirements. Jo also has in-depth regulatory expertise across a number of HFW’s key sectors will significantly strengthen our regulatory offering.”

Michael has more than 20 years’ experience acting in high stakes complex litigation, complemented by a scientific research background in pharmacology and toxicology. He has been advising across a range of industries, particularly in challenging product liability and highly technical commercial matters of strategic significance.

Matthew Blycha, Office Head Perth, HFW: “This is another important step in the continued development of our Perth practice. HFW has been in Perth for almost a decade and the areas that Jo and Michael are able to service are indicative of how our business and the legal market generally has evolved during this time; with the future energy transition and regulatory compliance being an issue that is a priority for all clients.”

Jo Garland, Partner, HFW: “I am very pleased to have been promoted to partner at what is a very pivotal time for the energy industry. I look forward to steering clients through the future energy transition; with the development of new technologies, renewable or hybrid power systems and de-carbonisation across industry.”

Dr Michael Maxwell, Partner, HFW: “I am excited to be joining a dynamic and fast-growing global firm with a strong international network. HFW offers exceptional opportunities for me to consolidate my practice and actively pursue key elements in its growth strategy.”

Jo’s promotion and Michael’s arrival continues HFW’s growth of its regulatory capability in Australia. In early 2019, HFW launched an Australian workplace relations practice with the hire of a specialist eight-lawyer team in Sydney and Melbourne, led by partners Mark Sant and Brendan Milne.

Pinsent Masons advises on New South Wales bushfire relief project

Multinational professional services firm Pinsent Masons is advising Laing O’Rourke on the first phase of recovery clean-up works following recent bushfires across New South Wales (NSW).

The NSW Government has selected Laing O’Rourke Australia as the lead contractor to undertake the clean-up of residential and commercial properties destroyed by the recent bushfires across the state. The construction and engineering specialist is currently engaging with the community regarding plans to deliver the project as promptly as possible.

The contract was announced in conjunction with an agreement reached by the federal and state governments to split the costs of the NSW clean-up, which are expected to run into the hundreds of millions of dollars.

Pinsent Masons advised Laing O’Rourke on the contract arrangements with the NSW Government. The Pinsent Masons team was led by partner Anthony Arrow and special counsel Katie Joukadjian.

Anthony Arrow says: “We are proud to have supported Laing O’Rourke with what is a vitally important project for the people of NSW impacted by the devastating bushfires. Given the crucial nature of the work, these arrangements were concluded at a rapid pace. Our team worked collaboratively with the State of New South Wales to agree contractual terms in record-breaking time, consistent with the urgency of providing this much needed support to impacted property owners as soon as possible.”

Pinsent Masons is also supporting Save the Children Australia via a donation to its response to the bushfires, and encouraging colleagues to seek out opportunities to help with relief and recovery efforts, either through hands-on voluntary activities or pro bono work.

Pinsent Masons advises HZI on its first Energy from Waste Plant

International law firm Pinsent Masons has advised HZI on the development of the A$511 million East Rockingham Resource Recovery Facility in Western Australia.

The East Rockingham Resource Recovery Facility Project, which will be Australia’s second ‘energy from waste’ plant (EfW), is set to go into operation by the end of 2022. Pinsent Masons is advising Swiss cleantech company Hitachi Zosen Inova (HZI) as developer, part-owner, co-operator and EPC joint venture contractor of the plant, which is the company’s first EfW plant in Australia.

The plant will process 300,000 tonnes of municipal and industrial waste a year to generate 28.9 MWe of energy into the grid. Construction is scheduled to begin at the beginning of January 2020.

The project was developed by a consortium consisting of HZI, New Energy Corporation and Tribe Infrastructure. The contract to design, build and commission the plant was awarded by the project shareholders to an EPC consortium formed by Acciona and HZI.

Commenting on the deal, energy and infrastructure partner, Anthony Arrow, said the project supports HZI’s reputation as a global leader in the energy from waste market. “We are pleased to have worked alongside HZI on their first project in Australia, which will bring enormous waste management benefits for the environment and at the same time generate electricity.”

“This work also demonstrates our team’s strength in the energy sector. Our focus continues to be on the changes and latest advancements in the industry, from both a global and local perspective, which is why we’re able to deliver practical legal advice to energy clients operating anywhere.”

HZI was supported by a Pinsent Masons cross-border team, with involvement across each of our Perth, Melbourne, Sydney and Birmingham offices. The Australia team acting on the transaction included partner Anthony Arrow, partner George Varma, special counsel Catherine Bendeich, special counsel Katie Joukadjian, legal director Ed Kelly, associate Toby Evans, associate Cameron Reid, lawyer Susan Xu and graduate lawyers Jesse Chen, Lydia Holt and Nicola Macrow on project advisory and the EPC contract; partner Jeremy King and lawyer Shubho Mukherjee on project financing; partner Bill Ryan and lawyer Chris Zhang on risk advisory; and partner Brian Scott, associate Lucy Carter and lawyers Lisa Meyer and Ananya Mittra on corporate-related matters. Support from the UK team was led by partner Didar Dhillon.

Ashurst advises Sydney Metro on the Waterloo Metro Quarter

International law firm Ashurst has advised Sydney Metro on their contracts with the John Holland and Mirvac joint venture on the new Waterloo Metro Quarter integrated station development.

The development will revitalise the area and better connect the community, and is made up of five building envelopes above and adjacent to the new Waterloo metro station.

Ashurst advised Sydney Metro on both the station and precinct development contracts.

Lead partner Olivia Lau commented: “Ashurst is delighted to have advised Sydney Metro on the Waterloo Metro Quarter, a project that will revitalise Waterloo and connect local communities. We are very proud to be involved in such a transformational project.”

Olivia was assisted by partner Alex Guy, counsel Melinda Harris, Ben Kipic and Sarah Southall, senior associates Susannah Lace and Andrew Higgins, and lawyers Codie Gippel, Marya Atmeh, Rhiannon Evans, Lachlan Mack, Cameron Griffiths, Joshua Lee, Chloe Kwon and Joyce Teng.

Lawyers from the firm’s tax, dispute resolution, environment and planning, and corporate teams also advised.

Hogan Lovells Celebrates the New Year with 29 Promotions

Global law firm Hogan Lovells today announced that 29 of its people have been promoted to partner effective 1 January across a network of 45+ offices in 24+ countries, spanning Africa, Asia, Australia, Europe, the Middle East, and the Americas.

Speaking on the promotions, Hogan Lovells’ CEO Steve Immelt commented:

“Each of these individuals has demonstrated our core values through their hard work, client dedication, leadership behaviors and innovative thinking. Their additions to the partnership are a reflection of our truly global and diverse culture at the firm. The achievements of this talented group reflect the excellent work the firm does in recruiting and retaining the best people in a highly competitive legal marketplace. With that in mind, I am particularly pleased that more than 40 percent of our new partners and new counsel are women. I congratulate all those who were promoted and wish them every success as they continue their career with us.”

Each of Hogan Lovells’ five practice groups is represented in the 2020 partner promotions:

  • Eight in Corporate (including in Transactional, Real Estate, and Tax)
  • Seven in Litigation, Arbitration and Employment (including in Litigation, Arbitration, Investigations, White Collar and Fraud, and Employment)
  • Nine in Global Regulatory (including in Communications, Environment and Natural Resources, Medical Device and Pharmaceuticals and Biotechnology, Health, International Trade and Investment, Antitrust, Competition and Economic Regulation, and Financial Services)
  • Two in Finance (including in Business Restructuring and Insolvency, and Infrastructure, Energy, Resources and Projects)
  • Three in Intellectual Property, Media and Technology

The additions to the partnership are a reflection of Hogan Lovells’ progress as one of the legal world’s only true global law practices. The new partners include:

  • 14 in the Americas, spread across our Baltimore, Denver, Mexico City, New York, Northern Virginia, and Washington, D.C. offices
  • Eight in the UK and Africa, in our London office
  • Six in Continental Europe, spread across our Frankfurt, Luxembourg, Munich, Madrid, and Rome offices
  • One in Asia Pacific and the Middle East, in our Tokyo office.
  • 13 women and 16 men.

In addition to the 29 new partners, 56 of our lawyers have been promoted to Counsel.

Our clients see us as an extension of their team, because we put ourselves in their shoes at every turn. They trust our recommendations, and we prove our worth time and again with commercially astute solutions.

If you would like to find out more information, please visit: https://www.hoganlovells.com/