White & Case

Craig R. Nethercott
Partner, London
Contact Info
Craig R. Nethercott
Partner
5 Old Broad Street
London EC2N 1DW
United Kingdom
T: + 44 20 7532 2305
F: + 44 20 7532 1001

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Awards
White & Case Honored by The International Who's Who of Project Finance Lawyers — 2007

Project Finance Team of the Year – Asia

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Practice Experience
Craig Nethercott is a partner in the Energy, Infrastructure, Project and Asset Finance Group in London. He has worked on a variety of project finance transactions in the Middle East, Africa and Asia in the oil and gas, mining and infrastructure sectors.  Craig is the co-head of the White & Case Islamic Financing Unit.

Craig was resident from 1994 to 1996 in our New York office.  Following New York he was resident in the Firm’s Jeddah office for over a year and a half.

Representative transactions include:

  • Representation of the lead arrangers in connection with the U$2bn 144A Reg S bond and US$4.67bn bank financing of the EMAL Aluminium smelter project, the world's largest aluminium smelter;
  • Representation of Cahya Mata Sarawak Berhad in connection with the development and financing of an aluminum smelter located in Sarawak, Malaysia;
  • Representation of Etisalat Misr, the third mobile telecoms licensee in Egypt with respect to the EGP 3,000,000,000 revolving and term facility and US$300 million term facility to finance the acquisition of the license and the development of its mobile network in Egypt. The facilities are provided by CIB, Arab Bank plc, Credit Agricole, HSBC, National Bank of Egypt and National Bank of Abu Dhabi;
  • Representation of Citibank as mandated lead arranger in connection with the US$4.8 billion guarantee facility and US$2.5 billion Islamic Murābahā bridge facility with respect to the purchase of the third mobile telecommunications licence in the Kingdom of Saudi Arabia;
  • Representation of Mobily, one of only two mobile telecoms service providers in the Kingdom of Saudi Arabia, in connection with a groundbreaking US$2.9 billion Islamic financing facility, based on airtime - a market first with a highly innovative Islamic finance instrument;
  • Representation of the Islamic Development Bank, Bank Al Jazira and Credit Suisse in relation to the US$205 million debt financing, achieved on a Sharī'a compliant basis, of the Hajj Terminal project at the King Abdulaziz International Airport in Jeddah, Saudi Arabia;
  • Representation of the sponsors in the US$6.5 billion financing of the Qatargas II LNG facilities in Qatar and the US$500 million financing of the South Hook regasification terminal in the United Kingdom (including the US$530 million Islamic financing);
  • Representation of the international and Nigerian Arrangers in the US$1.06 billion multi-sourced financing of the Nigeria LNG plant expansion in Nigeria;
  • Representation of Saudi Aramco in the financing of the US$9.9 billion Rabigh Refinery and Petrochemical project in Saudi Arabia (including the US$600 million Islamic financing);
  • Representation of the sponsors in the development and financing of the US$2.4 billion Sohar aluminium smelter and associated power plant in Oman (including the US$250 million Islamic financing);
  • Representation of the Lenders and ECAs in the multi-lateral financing of Phase I and Phase II of the US$2,000 million Mozal aluminium smelter in Mozambique;
  • Representation of the sponsors in the US$500 million financing for the construction of the Ghazlan II (2,400 MW) power plant for the Saudi Electric Company (and the restructuring of this transaction);
  • Representation of EBRD and IFC in the US$60 million financing for AES Telasi to support the development and modernisation of the Tblisi, Georgia electricity distribution network;
  • Representation of EBRD in the US$60 million multi-lateral financing of the refurbishment of an oil field in Turkmenistan;
  • Representation of EBRD and IFC in the US$450 million financing of the refurbishment of the Ispat Karmet steel complex in Karaganda, Kazakhstan;
  • Representation of the lenders in the US$100 million financing of the Salalah port extension in Oman; and
    Representation of the lenders on the multi-lateral financing of the Colombo port development in Sri Lanka.

Bars and Courts
England & Wales 1997
Ireland 1995
New York Bar 1996

Education
LL.M., Queens University, Belfast, 1992
B.C.L., University College Dublin, 1991

Citizenship
British and Irish



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