Herbert Smith Freehills claims top spot for project finance

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The project finance team of Herbert Smith Freehills has claimed the number one spot in the Inframation Deals Project Finance League Tables in Australia for the first half of 2018.

The firm advised on 16 deals totalling $10.7 billion, beating its nearest competitor by $1 billion.

“Our team of project finance experts have advised on some of the most challenging transactions in 2018, and this result is a reflection of that hard work and dedication,” commented project finance partner Gerard Pike. “The firm’s Project Finance team advised on transactions across many industries and States, and we saw numerous project financings close in the large-scale renewables space.”

Those deals included advising Airport Motorway Limited and AMT Management Limited in its capacity as trustee of the Airport Motorway Trust on a new $226 million four year bank debt facility to support the Eastern Distributor in Sydney.

“The remainder of 2018 is shaping up to be just as busy for the firm, and the next 6 months will also see financial close achieved on numerous significant energy and infrastructure project financings,” added Pike.

Ashurst hires Corrs partner for restructuring team
Ashurst’s restructuring, insolvency, and special situations practice has been given a boost in Perth with the hire of a highly experienced partner.

Jason Salman joins from Corrs Chambers Westgarth where he has been partner for 5 years, but before that he was with Kirkland & Ellis and Greenberg Traurig in London for more than a decade.

He specialises in special situations funds looking to invest in Australia and has acted on some of the most complex and high profile recent debt restructurings in the Asia Pacific region.

Global firm bolsters Middle East capabilities with triple hire
Reed Smith has added a trio of market-leading lawyers to its practice in the Middle East.

Sachin Kerur, Michelle Nelson and Shourav Lahiri will be based in Dubai and Abu Dhabi and their hire is part of a strategic push in the region for the firm.

It will be especially important for the firm’s focus on construction and project sectors and its international arbitration capabilities.