Mark Castillo-Bernaus | White & Case LLP International Law Firm, Global Law Practice
Mark Castillo-Bernaus
Mark Castillo-Bernaus

Mark Castillo-Bernaus

Partner, London

T +44 20 7532 2319

T +44 20 7532 1000

E mcastillo-bernaus@whitecase.com

“Sources point to his ability to co-ordinate complex deals, commenting: ‘He's always ahead of everything, he analyses the issues and it's always a secure feeling having him on our side.’”

Chambers UK 2015

Overview

Mark has played a leading role in numerous groundbreaking project finance deals across a range of sectors, including oil and gas, energy, power and infrastructure.

He is adept at helping clients to handle the largest and most technically complicated project finance transactions, including some of the largest global project financings to date. Acting for major lenders, sponsors and borrowers, Mark has led large legal teams on high-profile, award-winning deals often involving multiple lender groups and debt tranches.

He has acted for major corporates, including several oil majors, as well as numerous lender institutions including nearly all governmental and export credit agencies active in the project finance sector (including Atradius, the African Development Bank, COFACE, China Ex-Im, European Investment Bank, ECIC, Euler Hermes, Exiar, International Finance Corporation, JBIC, K-Exim, K-Sure, NEXI, SACE, UKEF and US Ex-Im).

Bars and Courts

  • Supreme Court of England and Wales

Education

  • LLM, Bristol University
  • LPC, Oxford Institute of Legal Practice

Languages

  • English

Experience

Major LNG Project in Africa

Advising several major Export Credit Agencies on a major US$multi-billion LNG project in Africa.

Liwa Plastics

Advised six Export  Credit Agencies (Atradius, Hermes, K-Exim, K-Sure, SACE and UKEF) and a large syndicate of international and regional banks in connection with the development and financing of the US$6.4 billion Liwa Plastics Industries Complex in Oman.

Yamal LNG Project in Russia

Advised over 13 lender groups, including several export credit agencies, in connection with the proposed financing of the multibillion Yamal LNG project in Russia.

Shuweihat 2 IWPP

Advised the sponsors, ADWEA, TAQA, GDF Suez, Marubeni and Osaka Gas, on the partial bond refinancing of the US$2.3 billion Shuweihat 2 IWPP. This deal was awarded the Middle East Bond Deal of the Year by Project Finance International and Project Finance magazine, and was the largest power financing in 2013.

Emirates Aluminium Project (Phase I and Phase II)

Advised the lenders, including commercial banks and export credit agencies US Ex-Im, COFACE, Euler Hermes and K-Exim, in connection with the financing of both Phase I and Phase II of the US$10 billion Emirates Aluminium Project in the UAE. This deal was awarded the Middle East Industrial Deal of the Year by Project Finance International and the Phase II financing was the largest financing in the metals/mining sector for 2013.

Riyadh PP11 Power Project

Advised the lenders on the financing of the US$2.2 billion Riyadh PP11 independent power project in the Kingdom of Saudi Arabia (including financing by way of commercial loans, Islamic financing instruments and export credit from US Ex-Im Bank). This deal was awarded the Middle East Power Deal of the Year by Project Finance magazine.

Barzan Gas Project

Advised the sponsors, Qatar Petroleum and Exxon Mobil, on the US$10.3 billion Barzan Gas Project in Qatar. This deal was awarded 'Global Deal of the Year' by Project Finance Magazine and Middle East Oil & Gas Deal of the Year by Project Finance International.

Nord Stream Gas Pipeline

Advised Nord Stream AG in connection with the financing of the US$9 billion Nord Stream gas pipeline through the Baltic Sea (including financing from commercial banks, Euler Hermes, UKF and SACE). This deal was awarded European Gas Deal of the Year by Project Finance Magazine.

Qatargas 2, 3, and 4 LNG

Advised the sponsors, Qatar Petroleum and Shell on the US$6 billion Qatargas 4 LNG project financing, Qatar Petroleum and ConocoPhillips on the US$5.8 billion Qatargas 3 project financing (including financing from commercial banks, US Ex-Im Bank and JBIC), and Qatar Petroleum and ExxonMobil on the US$11.2 billion Qatargas 2 project financing (including financing from commercial banks, US Ex-Im Bank and SACE together with an Islamic facility). Qatargas 4 was awarded 'Middle East Oil & Gas Deal of the Year' by Project Finance Magazine, and Qatargas 2 – the largest energy project of any kind at the time – awarded Deal of the Year by Project Finance International.

Belwind Wind Farm

Advising the European Investment Bank on the €700 million financing of an offshore wind farm in Belgium. This deal was awarded Power Deal of the Year by Project Finance International and "Wind Power Deal of the Year" by Project Finance Magazine.

Major Alumina Refinery in Guinea

Advising the sponsors, BHP Billiton, Mubadala, DUBAL and Global Alumina, on the financing of the US$4bn alumina refinery in the Republic of Guinea, involving over 9 development financial institutions, export credit agencies and commercial banks).

Major Telecoms financing in Africa

Advising several international financial institutions (EIB, IFC, ADB, AFD and KfW) on the financing of the EASSy telecoms cable project on the east coast in Africa.

Major Oil & Gas Financing in Mauritania

Advising the lenders on the first-ever limited recourse financing of a major oil & gas project in Mauritania, as well as the financing of the Imperial Energy Group.

Publications

  • Talking Point: The benefits of Project Bonds, Financier Worldwide Roundtable, May 2013
  • New EU regulation offers LNG market benefits, LNG Review, 2010

Awards & Recognition

Leading Lawyer, Chambers UK 2015

Projects – UK

Leading Lawyer, Chambers Global 2015

Projects & Energy – Middle East Wide

Leading Lawyer, Chambers Global 2014

Banking & Finance – United Arab Emirates

The Legal 500 2014, 2013

"Mark is a highly respected figure in the project finance space" and "attracts praise for his 'very deep insight and ability to motivate his team and clients.'"