Over a number of years Milbank has been ranked among the leading international law firms in both deal numbers and total capitalisation in surveys conducted by the leading industry and finance journals. Milbank was named "European Project Finance Team of the Year" at the recent International Finance Law Review Awards. Chambers Directory ranks Milbank in the first tier of projects and energy practices in London and globally and recently designated the firm "Global Projects & Energy Law Firm of the Year". Our European practice reflects the firm's global strengths; our London-based partners, Phillip Fletcher, John Dewar and Cathy Marsh and one of our Frankfurt- based partners Rainer Magold have been featured in selections of leading project finance lawyers worldwide carried out by leading legal publications.
Our practice encompasses projects in:
It is not surprising that we have been involved in many of the most notable emerging market project financings, many of which were the first projects completed in their respective countries or regions. We are routinely involved in the structuring and development of pilot projects, model contracts and cutting edge transactions that often serve as precedents for subsequent projects.
Our experience has included acting on the largest project bond in Europe (Drax), the largest petrochemical financing in the Middle East (Yanpet), the first satellite financing in Europe (Orion) and the first independent power projects ("IPP") financed in Bahrain (AI-Ezzel), Greece (Thessalonika), Italy (Rosen), Spain (Tortosa), Portugal (Tapada), Republic of Ireland (Huntstown), Morocco (Jorf Lasfar), Oman (Al Manah) and Turkey (Birecik).
Our clients benefit from our first-hand market knowledge of major project finance transactions and our significant representation of both sponsors/developers as well as financial institutions, including export credit agencies and official credit agencies. Our knowledge of global credit markets and documentation standards of international lenders allows us to advise sponsors on how to achieve bankable, cost effective solutions to the difficulties that can arise in complex projects.