12 January 2010 – Three projects for which Mayer Brown attorneys provided legal counsel were selected as the best in their respective categories in Project Finance International’s 2009 International Awards.
Mayer Brown acted for Odebrecht Oil & Gas in the $1.3 billion limited recourse project financing of two deep-sea drilling vessels, which was named Americas Deal of the Year. Stephen Hood, partner-in-charge of the São Paulo office, was the lead partner.
The Transport Deal of the Year was the long-term limited recourse project financing of the Mario Covas Ringroad, on which we acted for the principal sponsor, Companhia de Concessoes Rodoviarias, and the concessionaire, Concessionaria do Rodonanel Oeste S.A. São Paulo Banking & Finance partner James Vickers was the lead partner.
In Africa, the firm had a significant success advising Nevsun Resources Ltd on its $235 million project financing for the operation and construction of the Bisha gold, silver, zinc and copper mine in Eritrea, the first mine to be project financed in the country. This project was named Africa Mining Deal of the Year. Ian Coles, Global Head of Mining and Minerals, was the lead partner.
“Seeing so many projects we have worked on be recognised as Deals of the Year is a reflection of the depth and quality of our practice,” said partner Barry Machlin, co-head of the firm’s Global Projects group. “Credit goes to the attorneys whose skill and experience consistently help our clients get these complex deals done.”
Mayer Brown’s Global Projects Group continues to be involved in innovative projects worldwide in a variety of sectors, including power, oil and gas, mining, telecom, roads and motorways, ports, petrochemicals, wind, water and industrial manufacturing.
In 2009, Mayer Brown’s Global Projects Group expanded in the U.S. by bringing in three lateral partners. The firm also significantly strengthened its Latin America projects capabilities last year when it formed an association with Tauil & Chequer (T&C), a leading law firm in Brazil. Founded in 2001, T&C has grown rapidly and today has approximately 60 lawyers in Rio de Janeiro and São Paulo. The firm is noted for its representation of companies in the energy and infrastructure sectors.