Art Scavone | White & Case LLP International Law Firm, Global Law Practice
Arthur Scavone
Arthur Scavone

Art Scavone

Partner, New York

T +1 212 819 8710

T +1 212 819 8200


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“Art Scavone has an ‘amazing ability to balance the legal aspects of a transaction with the practical realities of a transaction.’”

Chambers USA 2014


Art Scavone is a senior project finance lawyer with extensive experience in international and domestic projects. He is also the longstanding Global Head of the Firm's Energy, Infrastructure and Project Finance Group.

Clients who benefit from Art's considerable experience include sponsors, commercial banks, underwriters, export credit agencies, and other bilateral and multilateral agencies. Of particular note is his recent work in the US power sector, where he has been representing lead arrangers in term loan B transactions, as well as his international work, where he has been representing large groups of export credit agencies in complex emerging market project financings.

Clients come to Art for advice relating to a diverse range of projects, including power plants, liquefied natural gas (LNG) facilities, petrochemical facilities, pipelines, oil and gas concessions, mines, renewable energy facilities and transmission lines.

Recent representative projects in the US include the financing of gas-fired power plants in Texas and Pennsylvania and coal-fired power plants in North Carolina, Virginia and Texas. Internationally, he has assisted clients in the financing of an LNG facility in Russia, a petrochemical facility in Qatar, a nitrogen plant in Mexico and a gas-to-liquids facility in Trinidad and Tobago.

Highly respected by clients and within the industry, Art is recognized as a leading lawyer in the major professional publications. He has been ranked in Tier 1 in Chambers Global since its 2001 edition and in Tier 1 in Chambers USA since its inaugural edition in 2003. He was also one of only nine attorneys commended as a leading lawyer in the project finance practice in The Legal 500 2013, and was listed as one of the top 10 global project finance lawyers in Who's Who Legal Directory 2013, one of only five New York-based lawyers included on the list.

During his tenure as Head of Project Finance, the Firm has achieved a Band One Project Finance ranking in Chambers Global for nine consecutive years, and is described as an "excellent, completely seamless co-operation – a great group of lawyers."

The international nature of Art's practice is underlined by his experience working at the White & Case Tokyo office from 1987 to 1989.

Bars and Courts

  • New York State Bar
  • New Jersey State Bar


  • JD, Fordham University School of Law
  • BA, Accounting and Business Administration, Muhlenberg College


  • English


Yamal LNG project, 2014

Art represented US Ex-Im Bank, UKEF, EKN, Hermes, COFACE, SACE, KEXIM, K-Sure, China Eximbank, JBIC, NEXI, VEB and EXIAR, as well as the international commercial bank group, in connection with the proposed project financing of a three-train LNG facility in Yamal, Russia being developed by OAO Novatek, Total SA and China National Petroleum Corporation (CNPC).

Panda Patriot project, 2013

Art represented Goldman Sachs Lending Partners LLC, Credit Suisse Securities (USA) LLC, Ares Capital Corporation, Union Bank and Investec as joint lead arrangers in connection with the project financing of Panda Power Funds' planned US$652 million, 829 megawatt natural gas-fired, combined-cycle Patriot generating station being developed in Lycoming County, Pennsylvania. When completed, the Patriot project will be the second new power plant on the Marcellus Shale gas formation, after Panda's Liberty power plant (below). The Panda Patriot transaction was the fifth financing of a power plant by Panda Power Funds within a 17-month period.

The Panda Moxie Liberty project, 2013

Art represented Goldman Sachs Lending Partners, Credit Suisse Securities, Ares Capital Corporation, and Union Bank as joint lead lead arrangers with regard to the project financing of Moxie Energy's planned 829 MW natural gas-fired, combined-cycle Liberty generating station being developed in Bradford County, Pennsylvania. When completed, the Liberty project will be the first new power plant in Pennsylvania specifically developed to take advantage of its proximity to the Marcellus Shale gas formation.

The Panda Temple II project, 2013

For the Panda Temple II project, which involved the financing of a 758 MW natural gas-fired power project being developed in Temple, Texas, Art represented Goldman Sachs and Credit Suisse as mandated lead arrangers.

Windsor Financing LLC, 2012

Art advised Morgan Stanley Senior Funding, Inc. as sole lead arranger, in the Windsor Financing LLC matter. This involved the refinancing of a 110 MW coal-fired cogeneration facility in Rocky Mount, North Carolina and two 110 MW coal-fired cogeneration facilities in Richmond, Virginia.

The Panda Sherman project, 2012

In the Panda Sherman project, Art assisted the financing of a 758 MW natural gas-fired power project being developed in Sherman, Texas, and represented Goldman Sachs Lending Partners and Credit Suisse Securities as mandated lead arrangers.

The Panda Temple I project, 2012

Art represented Morgan Stanley as lead arranger in the Panda Temple I project, which involved the financing of a 758 MW natural gas-fired power project developed in Temple, Texas.

Nuclear Innovation North America's nuclear plant deal, 2010–2011

Art co-led the team that represented Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy, Inc. and Toshiba Corporation, in an agreement with The Tokyo Electric Power Company (TEPCO) to invest in two new nuclear units being built at the South Texas Project near Houston, Texas and the subsequent negotiations with the Department of Energy for a loan guarantee to finance the construction of the two new units.

Awards & Recognition

Tier 1, Projects, Chambers Global 2014

Tier 1, Projects, Chambers USA 2014

Leading Lawyer, Project Finance, The Legal 500 2013

Top 10 Global Project Finance Lawyer, Who's Who Legal Directory 2013