This category is aimed at advisers focused on either the energy and natural resources sector or those advising on high-stakes infrastructure, including major transport projects. Although we will be accepting submissions covering corporate matters, as well as contentious work, it is not the size of the deal that counts but the industry knowledge behind it. The winner will have advised on a trailblazing matter that has significantly affected the market.
2016 WINNER:Pinsent Masons
Legal director Caton led the Pinsents team acting for Sandwell and West Birmingham Hospitals NHS Trust on the first healthcare project using a new approach to public-private partnerships, PF2, which the firm has worked closely with the government on. The new project, Midland Metropolitan Hospital, is set to provide a benchmark for future hospital builds.
Represented the Department for Environment, Food and Rural Affairs on the £4.2bn Thames Tideway Tunnel Project. The project has set precedents for future European developments, including integrating government support with complex private funding structures and a commercial delivery model.
Advised Maamba Collieries on the development of Phase 1 of a 600MW coal-fired power station in Zambia. The transaction involved both Indian and Zambian investors and a Chinese contractor, and was the first project financing in Africa to be guaranteed by the Chinese export credit agency Sinosure.
MILBANK, TWEED, HADLEY & McCLOY
Dewar’s team acted for the lenders as the Petro Rabigh Project in Saudi Arabia needed $5.2bn in financing for a $7bn expansion. Getting the go-ahead for financing the project was a notable achievement in the current climate, when similar projects are being shelved.
NORTON ROSE FULBRIGHT
Instructed by regulator Ofwat on the Thames Tideway ‘super sewer’ project, one of the largest and most complex infrastructure projects to come to fruition. The project involved a hybrid legislative and contractual structure, which included a special administrative regime to apply in the event of an insolvency of the infrastructure provider.
Carter’s team advised on the first schools project to be financed under the PF2 scheme when acting for Interserve/Kajima consortium on the Hertfordshire, Luton and Reading batch of the Priority School Building Programme, which was one of only a handful of PF2 projects to achieve financial close in 2015.