Paul advises clients on major project and debt finance transactions, helping to fund multibillion-dollar projects. He has particular knowledge and experience of the oil & gas and power industries, including LNG, renewables and shipping. Paul has worked on transactions across the globe, including in Asia, the Middle East, Europe, Australia, North America and South America.
Representing project sponsors, lenders and borrowers, Paul develops financing arrangements to suit each client's needs, guiding them through the complex stages of each transaction while focusing on outcomes which benefit them in both the short and long-term.
He represented the sponsors on the US$10.3 billion Barzan gas project in Qatar, a deal declared a Deal of the Year in 2012 by three trade magazines. He also represented Nord Stream AG in connection with the construction and €6.5 billion financing of Phase I and Phase II of its Baltic Sea gas pipeline.
Paul is currently a partner in the Firm's Tokyo office and in 2012 became a Registered Foreign Attorney in Japan and a member of the Daini Tokyo Bar Association. He gained valuable, hands-on experience when he spent nine months on secondment to the Project Finance team at HSBC.
Paul is a member of the Firm's Project Development and Finance Practice Group, a global team dedicated to providing business and strategic advice to clients regarding financing transactions, which enable the completion of major projects.
Paul was recognized as one of Law360's "Rising Stars" for project finance for 2018.
Representation of 14 lender groups, including several export credit agencies, in connection with the proposed financing of the multibillion-dollar Yamal LNG project in Russia.
Middle East petrochemical project
Representation of the sponsors on the proposed US$ multibillion project financing of a petrochemical complex in the Middle East.
Representation of JBIC, NEXI, HSBC and BTMU in the financing of a certain eligible portion of a Lump Sum Turn Key contract for up to circa US$3.2 billion, with Hyundai Heavy Industries Co. Ltd and Saudi Electricity Company for the design, supply, installation and commissioning of an oil-fired 2,640MW power plant in Jeddah South, Saudi Arabia.
Tankers, Gorgon and Ichthys LNG projects, Australia
Representation of JBIC and the commercial lenders in the financing of two LNG tankers, constructed by Mitsubishi Heavy Industries, owned by Mitsubishi Corporation, and chartered to Chubu Electric for use on the Gorgon LNG and Ichthys LNG projects in Australia.
JBIC and commercial lenders – Canadian projects
Ongoing representation of the JBIC and the commercial lenders in connection with the debt financing of a portfolio of two solar generation projects and three wind generation projects in Canada.
Barzan gas project, Qatar
Representation of the sponsors in connection with the US$10.3 billion Barzan gas project, which is to be located in Ras Laffan Industrial City in Qatar. This deal was awarded Global Deal of the Year by Project Finance Magazine in December 2011, Middle East Oil & Gas Deal of the Year by Project Finance International in December 2011 and 2011 Deal of the Year by Global Trade Review.
Nord Stream gas pipeline, Baltic Sea
Representation of Nord Stream AG in connection with the construction and €6.5 billion financing of Phase I and Phase II (and the re-pricing of Phase I) of the Nord Stream gas pipeline through the Baltic Sea.
Representation of the commercial and ECA lenders on the US$2.5 billion 1,200 MW heavy fuel oil-fired IPP sponsored by Acwa Power and Kepco in Rabigh, Saudi Arabia.
Qatargas 2, 3 and 4 LNG projects
Representation of the sponsors, as project finance counsel, to the Qatargas 2 (Qatar Petroleum and ExxonMobil), Qatargas 3 (Qatar Petroleum and ConocoPhillips) and Qatargas 4 (Qatar Petroleum and ConocoPhillips) in relation to the acquisition, and financing and construction of a fleet of LNG tankers in each project to carry the LNG from the Middle East to certain markets in both Europe and the USA. The Qatargas 2 project was awarded EMEA Gas Deal of the Year for Europe and the Middle East and Africa by Project Finance International and Middle East Gas Deal of the Year by Project Finance Magazine.
Sakhalin II (Phase 2) LNG project, Russia
Acting as common counsel, assisting in advising JBIC and commercial bank lenders in connection with the US$22 billion project financing of the Sakhalin II (Phase 2) LNG Project in Russia.