Tallat Hussain is senior environmental counsel in our Energy Infrastructure, Project and Asset Finance Group in London. She is an environmental lawyer with over 20 years of public and private sector experience in North America, UK, Europe, and further afield. Tallat has extensive experience advising corporate and financial clients in various sectors, including large infrastructure projects, transnational oil and gas pipelines, mining, manufacturing, chemicals and renewable power. Her environmental experience includes advising on environmental compliance, environmental and social impact assessments and various international environmental requirements such as the Equator Principles, World Bank/IFC Performance Standards and OECD Guidelines.
Tallat's practice covers construction and finance, insolvency, real estate, M&A, litigation and project finance. She has diverse experience with innovative approaches to resource management such as monetising carbon reductions, green bonds and climate change issues.
Tallat is a core team member of the firm's Business & Human Rights Interest Group and advises on issues related to corporate supply chain compliance, human rights impact assessments, modern slavery & human trafficking, non-financial disclosure, environmental and social governance and financial mechanisms to address climate change impacts and sustainable development.
Nord Stream gas pipeline project
Advised Nord Stream AG in connection with Phase 1 and Phase 2 of the €9bn Nord Stream gas pipeline project connecting the Russian and European gas grids which raised €6.5bn of debt in the international project finance market. Phase I of the project was selected as "European Gas Deal of the Year" by Project Finance International magazine, "European Midstream Oil & Gas Deal of the Year" by Project Finance magazine and as "Oil & Gas Deal of the Year" by Infrastructure Journal. As a result of White & Case's work on this project, we were also awarded "Infrastructure/Energy Team of the Year" by The Lawyer. Phase II of the Nord Stream project was selected as "Europe Project Finance Deal of the Year" by International Financial Law Review.
Petrochad reserve based lending facility
Advised the lending group comprising Natixis, Société Générale, London Branch, ING Belgium NV/SA and Galena Commodity Trade Finance Master Fund Limited and Federated Project and Trade Finance Core Fund in connection with a senior secured reserve based facility to PetroChad Mangara Limited (a subsidiary of Caracal Energy) for up to US$250 million in the Republic of Chad. This transaction was awarded "Middle East and Africa Deal of the Year" by Trade Finance magazine.
Sadara petrochemical project
Advised Saudi Aramco in its joint venture with The Dow Chemical Company, on the project financing for Sadara Chemical Company to build and operate a US$20 billion world-scale integrated chemicals and plastics complex in Jubail Industrial City, Saudi Arabia. The US$12.5 billion multi-sourced financing was the largest ever project financing in the chemicals sector, with loans amounting to US$10.5 billion provided by a combination of the Public Investment Fund of Saudi Arabia, seven export credit agencies (COFACE, Euler Hermes, FIEM, K-Exim, K-sure, UK Export Finance and US Ex-Im Bank) and a diverse range of commercial banks and Islamic financial institutions (participating in both wakala and procurement funding structures). A further US$2 billion was raised by way of a sukuk issuance. This Project was selected as "Middle East Petrochemical Deal of the Year 2013" by Project Finance, "Project Finance Deal of the Year 2013" by International Financial Law Review and "Global Finance Deal of the Year 2013" by the American Lawyer.
Kazakhstan petrochemical project
Advised KLPE LLP, a joint venture consisting of United Chemicals Company, SAT and LG Chem, in connection with the US$4 billion development and financing of a petrochemical facility in Kazakhstan. This deal was nominated "Korea Deal of the Year 2013" by ALB Hong Kong Law Awards.
EuroChem Usolskiy potash project
Advising EuroChem on a Russian project financing of up to US$750 million, from a syndicate of international and Russian banks, in connection with its Usolskiy potash project located within Russia's Verkhnekamskoe deposit, one of the world's largest potash deposits. The Mandated Lead Arrangers of the facility included Crédit Agricole CIB, HSBC Bank PLC, ING Bank N.V., OJSC Rosbank, Sberbank CIB, Société Générale S.A., ZAO UniCredit Bank, with Société Générale acting as both facility and security agent. This transaction was awarded "2014 Best chemicals deal in the CEE" by EMEA Finance Magazine and "European Mining Deal of the Year 2014" by IJ Global.
Eleclink interconnector project
Advising the project company owned by STAR Capital and Eurotunnel with respect to a proposed 1,000 MW DC power interconnector project between the UK and France. The US$500 million link will be 75 kilometers long and placed in the service tunnel of the Eurotunnel. Our advice includes UK and EU regulation, project documentation, construction and financing.
EPH's acquisition of Eggborough power station
Advised EP UK Investments Ltd, a wholly owned subsidiary of Energetický a průmyslový holding, a.s, a leading Central European energy group, on its acquisition of Eggborough Power Limited (owner of the 2GW Eggborough Power Station located in North Yorkshire) from Strategic Value Partners, Monarch Alternative Capital, International Power and certain minority shareholders.
A7 motorway project
Advised Société Générale and Crédit Agricole as joint lead managers and mandated lead arrangers, the commercial lenders and the bond purchasers in connection with the financing of the €600 million Bundesautobahn A7, segment AS Neumünster Nord – AD Hamburg Nordwest, the first project bond financing to achieve financial close in Germany. This deal has won multiple awards including "2014 European Road Deal of the Year" by Project Finance International, "2014 European Project Bond of the Year" by IJ Global, and "2014 Project Finance Deal of the Year" by IFLR Europe Awards.
Ranked in Band 4: Environment - Western Europe , Chambers UK 2014