White & Case Wins Three Global Legal Awards from The American Lawyer
White & Case won three awards at The American Lawyer's Global Legal Awards program. The Firm won for its work in the following areas:
Global Finance Deal of the Year: Project Finance
We represented Freeport LNG Expansion, L.P. and its subsidiaries FLNG Liquefaction, LLC, FLNG Liquefaction 2, LLC and FLNG Liquefaction 3, LLC, in the successful close and funding of each of the equity and debt financings and related intercreditor arrangements of the first three liquefaction trains of the Freeport LNG multi-train natural gas liquefaction and export facility being constructed at Freeport LNG’s existing LNG regasification facility at Quintana Island near Freeport, Texas. Total project costs, including financing costs, were approximately US$14 billion. Total debt and equity commitments, including for contingencies and cost overruns, exceeded US$15 billion. Each of the debt facilities for the three liquefaction trains was structured without completion support from the sponsors, making the combined debt financing the largest fully non-recourse construction project financing in history.
Finance Deal of the Year: Acquisition Finance
We represented, as Singapore counsel, Morgan Stanley (as first lien administrative agent) and Credit Suisse AG (as second lien administrative agent) in a US$1.1 billion (aggregate) syndicated financing for KKR's acquisition of Goodpack Limited, a Singapore company that provides patented packing solutions.
Global CSR Program of the Year
We have collaborated with the Kingdom of Bhutan since 2008 to create the country’s first law school, tentatively called the Royal Institute of Law (RIL). Working closely with RIL president Princess Sonam Dechan Wangchuck and her team, we undertook a baseline study of the landscape for legal education in Bhutan, helped build out and supply the country’s first law library (with pro bono help from LexisNexis and Thomson Reuters for online resources), and built the intellectual infrastructure for the RIL, including a detailed project plan, dual-language curriculum, bylaws and enabling legislation, staffing plan, budget and more. In the last 12 months, our blueprints for the school and curriculum were approved by the Bhutanese Advisory Committee (chaired by its Chief Justice); White & Case Chairman Hugh Verrier and Princess Sonam announced the project as a Commitment to Action at the Clinton Global Initiative 2014 Annual Meeting; His Majesty the King of Bhutan granted the school a Royal Charter and land; the first faculty were hired; and a fundraising consultant was secured to help build an endowment to support the school’s operations. The RIL is expected to open in fall 2017.
The American Lawyer's Global Legal Awards recognizes cross-border legal work across several categories, as well as the firms and in-house counsel on all sides of the matter.