Project Finance

Milbank prides itself in having one of the largest and most experienced project finance groups among the world’s major law firms. Milbank’s Global Project Finance Department, comprising more than 100 dedicated project finance attorneys (including 20 partners) in our offices worldwide, is fully qualified to provide legal advice under both U.S. and English law.  Milbank's Global Project Finance department operates on an integrated basis and has dedicated partners and associates in each of its offices in the U.S., London, Singapore, Hong Kong and Tokyo.   Milbank's Project Finance Group also has one of the most active practices in Latin America.

We have pioneered the application of limited recourse project finance techniques internationally for more than 25 years. Over the past three years, Milbank has closed more than 140 project financings which raised more than $125 billion for energy and infrastructure projects across the globe. In these financings we represented the full spectrum of project participants, including credit providers, underwriters, advisors, sponsors, project joint ventures, insurers, contractors, government agencies and multilateral institutions.

Milbank’s Global Project Finance Department has traditionally been engaged in projects in industries such as oil and gas and petrochemicals (including exploration, production, storage, refining, gasification, LNG and production platforms), power (including independent power projects, cogeneration, coal, hydro, nuclear, wind and alternative power), power transmission and distribution, pipelines, telecommunications and space (including cellular, cable, fixed, mobile, direct broadcast, broadband and satellite imaging systems), waste disposal and recycling, water treatment, mining and natural resources (including aluminum, coal, copper, gold, iron, steel, zinc, uranium, titanium and other natural resources and metals), pulp and paper, transportation (including airports, rail, roads and shipping) and other types of infrastructure.

As the project finance marketplace has evolved, we have expanded our worldwide practice to include expertise in asset disposition, restructuring, portfolio securitization, credit enhancement and political risk mitigation techniques. In order to support this range of products and industries, our Global Project Finance Department regularly draws upon lawyers and professionals within Milbank who have expertise in supporting fields such as M&A, securitization, energy regulation, tax, economics, bankruptcy, environmental regulation and international trade.

Milbank’s project finance practice is truly unique in its global focus. The depth of our project development and finance expertise in our U.S., European and Asian offices enables us to field multiple teams simultaneously to handle the most complex transactions in any region or country. Many of our lawyers are fluent in multiple languages and are able to both conduct negotiations and review documentation in languages other than English.

As evidence of our continuing prominence in the international project finance field, Chambers USA awarded Milbank the Energy/Projects Award for Excellence (2007) and Chambers Global awarded Milbank the Projects and Energy Law Firm of the Year Award (2006). In their 2007 editions, Chambers Global, Chambers USA and Chambers UK also ranked Milbank in the top tier of law firms for Project Finance. Additionally, Milbank was the recipient of ten “Deal of the Year” awards for deals completed in 2006 from Euromoney’s Project Finance. The firm was also recognized with ten “Deal of the Year” awards for deals completed in 2005 and eight “Deal of the Year” awards for deals completed in 2004 by Euromoney’s Project Finance. Other recent accolades include the Global Law Firm of the Year Award (2007) from Project Finance International Yearbook, “No. 1 Project Finance Legal Adviser in Latin America” (2007) from Euromoney/Dealogic, “No. 1 Global Renewable Energy Legal Adviser” (2006) and “No. 1 U.S. Renewable Energy Legal Adviser” (2006) from Dealogic. View more recent accolades.