During the last 30 years, White & Case has used its global resources to assist more than 60 sovereign nations in overcoming the complex legal, regulatory and commercial challenges they face.
Our global Sovereigns practice offers our clients, whether government or state-owned entities, global depth and excellence in the areas that matter most to them, including:
- Privatizations and initial public offerings
- Sovereign bond issues
- Debt restructurings
- Litigation and arbitration
- International trade issues
- Project finance and infrastructure development and public-private partnerships
Lawyers in our Sovereigns practice are spread worldwide through our offices and work in multidisciplinary teams wherever their support is required.
Banking and Capital Markets: In the last year we have advised on the debut sovereign bond issues for the Czech Republic, Ivory Coast, Lithuania, Montenegro, Nigeria, the Republic of Albania, the Republic of Belarus, Senegal and the Slovak Republic. We have a particularly strong track record for sovereign bond issues in emerging markets in Eastern Europe and Africa.
Debt Restructuring and Liability Management: We represented Samruk-Kazyna National Welfare Fund JSC, the national property fund of the Republic of Kazakhstan, in connection with the Republic of Kazakhstan’s state-sponsored stabilization and recapitalization of the four largest Kazakh banks: BTA Bank JSC, Kazkommertsbank JSC, Alliance Bank JSC and Halyk Savings Bank JSC.
International Trade: We represented the governments of Argentina and Mexico in their WTO challenge of several aspects of the US laws and regulations relating to sunset reviews in anti-dumping proceedings in general and as applied in respect to oil country tubular goods from Mexico and Argentina. The case was successfully concluded when the US revoked the anti-dumping orders on these products.
Litigation and Arbitration: We achieved three consecutive significant victories for Romania in International Centre for Settlement of Investment Disputes (ICSID) arbitrations. In Noble Ventures v. Romania and EDF v. Romania, all claims were dismissed in their entirety in final awards; in S&T Oil Equipment and Machinery Ltd v. Romania, arbitration proceedings were terminated without finding of any liability.
Privatization and Legal Reform: We have completed over 100 privatization transactions around the world, helping to establish many of the fundamental principles of privatizations through drafting legislation, establishing regulatory frameworks and restructuring state-owned enterprises and industries. Examples include Poland’s mass privatization program and the liberalization of the Kingdom of Bahrain’s telecommunications industry
Energy, Infrastructure and Project Finance: We have a long track record of helping governments maximize their returns from infrastructure and other development projects. Recent examples include representing the Abu Dhabi Water and Electricity Authority in its 7th and 8th independent water and power producer projects at the Shuweihat S2 and Qidfa sites.
White & Case Sovereign Clients
- Costa Rica
- Czech Republic
- Saudi Arabia
- South Africa
- South Korea
- United Kingdom
- United States