Bracewell (UK) LLP is entirely focused on energy-related financings and is thereby able to provide a very focused offering to both lenders and borrowers across the full scope of financings in the space, including in the context of project and acquisition finance. 'Commercially minded' team head Jason Fox is 'best in class' for upstream oil and gas work and is one of the most prominent lawyers in the market for reserve-based lending matters. Olivia Caddy also excels at handling reserve-based lending and is particularly adept at handling work in Francophone Africa. The firm has successfully adapted to meet its clients' needs and now manages a significant number of renewable energy mandates.
Testimonials
Collated independently by Legal 500 research team.
- ‘Energy is their DNA, covering much of the financing and advisory work necessary in the industry. They are adaptive to current challenges of liquidity constraints in commercial banks for the sector.’
‘Jason Fox is best-in-class and commercially-minded.'
Key clients
- DNB Bank
- ING Bank
- Absa Bank and The Mauritius Commercial Bank
- Citibank N.A. and The Standard Bank of South Africa Limited (as documentation banks) on behalf of the senior lenders
- The Mauritius Commercial Bank Limited
- Natixis and Rabobank
- Crédit Agricole Corporate and Investment Bank
- Riyad Bank, Abu Dhabi Islamic Bank and Arab Petroleum Investment Corporation
- Eldorado Gold Corporation and its subsidiary Hellas Gold S.A.
- Établissements Maurel et Prom S.A.
- Vårgrønn A.S.
- Neptune Energy Group Holdings Limited
- Neptune Energy Deutschland
- Egyptian Refining Company (Takrir) S.A.E.
- Vaalco Energy, Inc.
Work highlights
- Advised the lenders on the acquisition by Infinity Power (a joint venture between Masdar and Infinity Energy, alongside AFC and EBRD) of the pan-African wind power developer (and the owner of c. 1 GW of wind assets across Africa) Lekela Power.
- Advised Eldorado Gold and its subsidiary Hellas Gold S.A. on the project financing of the construction, development and operation of the €1.5bn Skouries gold mine in Greece.
- Acted as lenders’ counsel for the bank syndicate led by DNB Bank ASA, London branch, on a $525m senior secured reserve-based financing for Serica Energy plc.
Practice head
The lawyer(s) leading their teams.
Jason Fox