The international law firm Milbank, Tweed, Hadley & McCloy has been recognised by Project Finance International (PFI) magazine as “Global Law Firm of the Year.” According to Project Finance International’s Legal Survey 2011, “Milbank Tweed had the highest number of projects in the Americas region and a very significant presence across the world,” of which five projects have also been recognised as “Deals of the Year” by PFI. The award was announced at PFI’s annual awards dinner held in London.
The group is no stranger to recognition for market leading work. Milbank has been honored numerous times in recent years as the Project Finance team of the year by both Chambers Global and Who’s Who Legal.
“Energy, renewables, mining and infrastructure projects were all important contributors to our success in the past year, and this award recognises the tremendous efforts that have been put in by Milbank lawyers across a variety of regions and disciplines.” said Phillip Fletcher, global practice group leader of Milbank's Global Project Finance Group. “Our clients were successful in the midst of difficult markets, and we were delighted to have had the opportunity to help them achieve their goals.”
In addition to this most recent team award, Milbank was recognised for its role in the following Project Finance International award-winning “Deals of the Year” in 2011:
- Americas Deal of the Year: PR-22 and PR-5
Milbank represented the lenders in connection with the financing of the 40-year toll concession of the PR-22 and PR-5 toll roads in Puerto Rico. - Americas Power Deal of the Year: CPV Sentinel
Milbank represented the lenders in the US$ 795.5 million project financing for the development of the 800-MW gas-fired CPV Sentinel power plant to be located in California’s Coachella Valley. - Americas Transport Deal of the Year: Embraport
Milbank represented the Inter-American Development Bank (IDB) and the four international commercial participants, Caixa Geral, HSBC, Santander and WestLB AG, in connection with their US$ 430 million syndicated financing of the construction, operation and maintenance of a new private mixed-use container and liquids terminal in Brazil’s Santos Port. - Americas Mining Deal of the Year: Caserones
Milbank represented Japan Bank for International Cooperation (JBIC), Mizuho Corporate Bank, Ltd. (Mizuho), Sumitomo Mitsui Banking Corporation (SMBC), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), The Hong Kong and Shanghai Banking Corporation Limited (HSBC), and Nippon Export and Investment Insurance (NEXI) in the US$ 1.1 billion project finance loan for the development of the Caserones copper mine in Chile. - Asia-Pacific Petrochemical Deal of the Year: Jurong
Milbank represented The Export-Import Bank of Korea (K-Exim), the Korea Trade Insurance Corporation (K-sure) and a group of 11 international commercial bank lenders in connection with the US$ 1.6 billion senior secured financing of a US$ 2.5 billion greenfield petrochemical facility for Jurong Aromatics Corporation Pte. Ltd. on Jurong Island, Singapore.
