Latham & Watkins Gaikokuho Joint Enterprise’s project finance practice in Tokyo regularly acts as lead counsel to a wide range of clients, including lenders, borrowers, developers, and governmental entities, on projects across the APAC region. Recent highlights for the group include advising ECAs and lenders on the development and financing of a large-scale LNG project in Papua New Guinea. Practice head Stephen McWilliams has a strong track record handling major lender and sponsor-side mandates in the LNG, petrochemicals, infrastructure, and renewables sectors. Hiroki Kobayashi’s practice sees him advise Japanese sponsors and lenders on project development and finance matters in the oil and gas and power spaces. Richard Chul Kim has notable experience assisting sponsors, lenders, and government agencies with energy projects, while Richard Fleming handles power project transactions throughout Asia.

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Key clients

  • Japan Bank for International Cooperation (JBIC)
  • Nippon Export and Investment Insurance (NEXI)
  • INPEX Corporation
  • JERA Co., Inc.
  • Marubeni Corporation
  • Tokyo Gas
  • Mitsubishi Materials Corporation
  • Mizuho Bank
  • San Miguel Corporation
  • Asian Development Bank (ADB)
  • Osaka Gas
  • Sumitomo Corporation

Work highlights

  • Advising the Export Credit Agencies and lenders on the project development and financing of the proposed Papua LNG Project in Papua New Guinea.
  • Acting as lead counsel to the export credit agencies and other finance parties on the proposed expansion project in respect of the Muara Laboh geothermal power plant.
  • Advising a consortium of Japanese buyers, including Osaka Gas Co., Ltd. and Sumitomo Corporation, in connection with their $370m strategic investment in AG&P LNG Marketing Pte. Ltd., I Squared Capital’s platform for investing in companies that develop city gas distribution networks in India.

Lawyers

Leading associates: Gaiben
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners: Gaiben
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Stephen McWilliams

Other key lawyers

Hiroki Kobayashi, Richard Chul Kim, Richard Fleming