NEW YORK, June 2007 – The Global Project Finance Group of the international law firm Milbank, Tweed, Hadley & McCloy LLP received Chambers & Partners’ USA “Award for Excellence 2007” for the Energy/Projects category, distinguishing Milbank as the nation’s leading Energy/Projects law firm.
The awards were announced at the Chambers USA dinner held June 14, 2007 in New York City, marking the publication of the fifth edition of CHAMBERS USA: AMERICA’S LEADING LAWYERS FOR BUSINESS. For the second year, Chambers honored the top law firms and lawyers in the United States in nineteen separate practice areas with the prestigious USA “Award for Excellence.” Only one law firm or attorney is recognized as the best in each practice specialty nationally for each of the nineteen categories. The Awards for Excellence are based on supplemental research obtained from the lawyers and their clients that took into account their work during the past year. The emphasis of the awards is on the current activity of these law firms and lawyers.
Commenting on the award, practice co-chair Eric Silverman noted, “Consistent with its longstanding reputation for leadership and excellence in global project finance, Milbank’s ‘outstanding’ project finance team was recognized as ‘one of the best in the business’ and the firm was cited for its ‘long history of preeminence in infrastructure finance,’ delivering an ‘impressive work ethic, global scope and responsiveness.’”
On the domestic front, the firm was involved in some of the largest projects of 2006 in the power, mining, energy and transportation sectors. High profile deals included the $611 million financing for Transurban Group’s acquisition of a 99-year concession on the Pocahontas Parkway; the $1.5 billion refinancing for Cheniere Energy’s Sabine Pass LNG project, the largest LNG financing in the USA to date; and the $2.1 billion recapitalization of Boston Generating LLC. Milbank was also recognized for its leadership in the renewable energy sector. In 2006 Milbank was involved in more than $2 billion of projects in the renewables sector. The Global Project Finance Group was further cited for its international expertise in Latin American markets, Europe and Asia.
Milbank, Tweed, Hadley & McCloy LLP is a preeminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions and litigation. Our transactional expertise includes capital markets, corporate finance and transactions, project finance, acquisition finance, and other major fields of law practice. Milbank litigation teams resolve disputes involving mergers and acquisitions, proxy battles, financings and securities offerings, intellectual property, white collar crime, and corporate restructurings, among others. Our clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals. The Firm is headquartered in New York with offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, Singapore, Tokyo, and Washington, DC.