Next Generation Partners

Leading Associates

Firms To Watch: Foreign firms

Sidley Austin LLP advises on joint ventures, M&A, cybersecurity, financing and transactional matters, with a strong client base of private equity firms, investors, banks and multinationals. The team was recently strengthened by the arrival of partners Alun Evans and Giancarlo Sambalido from A&O Shearman.

Foreign firms in Philippines

A&O Shearman

Praised by clients for combining ‘deep legal expertise with a pragmatic and solutions-oriented mindset,’ the team at A&O Shearman is noted for advising global infrastructure investors and handling equity and debt capital markets work. The team’s clientele includes major conglomerates in technology, healthcare and power. Vicki Liu advises on banking, finance and private equity matters, while Gautam Narasimhan focuses on structured and acquisition financing and refinancing for international banks. Aloysius Tan handles global financial markets work, and Sarah Wilson advises on transportation and renewable energy projects. Sheila Ahuja KC specialises in international arbitration, with recent experience in investor-state disputes and restructuring issues. Specialising in financing transactions, Jessica Lee is versed in debt finance and project finance matters.

Praxisleiter:

Vicki Liu; Gautam Narasimhan; Tom Jokelson; Aloysius Tan; Sarah Wilson; Sheila Ahuja KC


Weitere Kernanwälte:

Tze Siong Ang; Ayesha Tapar; Jessica Lee


Referenzen

‘A&O Shearman has a strong culture of teamwork and collaboration. The team works closely with clients to understand their needs, identify areas where support may be needed, and provide practical solutions. They are proactive in helping clients meet usual requirements and are always ready to cooperate across different teams and jurisdictions.‘

‚I personally appreciate the team’s ability to communicate clearly and respond quickly. Compared to other firms, A&O Shearman stands out for being flexible, approachable, and focused on delivering results.’

‘Tze Siong Ang has been a regular point of contact. He is highly insightful and brings a calm, approachable presence to discussions, while offering well-crafted, thoughtful opinions that really reflect his expertise. His ability to balance technical precision with such an approachable and very collaborative tone makes him a trusted advisor and a pleasure to work with.’

Kernmandanten

The Republic of the Philippines


IFC


Jollibee Foods Corporation


 


Highlight-Mandate


  • Advised the joint lead managers on the USD800 million issuance of senior perpetual capital securities by San Miguel Global Power Holdings Corp. (SMGP), and as dealer managers on SMGP’s concurrent exchange and tender offers for its outstanding senior perpetual capital securities issued in November 2019 and October 2020. The New Securities are listed on the Singapore Exchange Securities Trading Limited.

Latham & Watkins LLP

Latham & Watkins LLP is well-placed to advise on energy transition projects, infrastructure transactions and M&A across fintech, financial services and digital infrastructure. The team handles high-value investments and financing matters. The practice is led by Hong Kong-based Benjamin Carale, who is highly experienced in investment matters, IPOs and liability management transactions. With a focus on energy investments, Don Stokes is skilled at advising on equity acquisitions and financing matters. Diana Dizon frequently assists on IPO-related work, contributing to the team’s capital markets capabilities.

Praxisleiter:

Benjamin Carale


Weitere Kernanwälte:

Don Stokes; Diana Dizon


Kernmandanten

AC Energy Holdings


Citicore Renewable Energy Corporation


Frontier Tower Associates Philippines


Growtheum Capital Partners


I Squared Capital


Manila Electric Company (Meralco)


PhilTower


San Miguel Corporation


SM Investments Corporation


Unioil Petroleum Philippines


Highlight-Mandate


  • Advised JP Morgan, Morgan Stanley, BPI Capital and HSBC as joint lead managers in connection with the issue of US$300 million 5.332% Guaranteed Notes due 2030 issued by Jollibee Worldwide Pte. Ltd. and guaranteed by its parent, Jollibee Foods Corporation.
  • Advised Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, on its strategic partnership with Actis, a leading global investor in sustainable infrastructure, on its 40% stake in the Terra Solar Project. The transaction represents the largest foreign direct investment for a greenfield infrastructure project in the Philippines.
  • Advised Unioil, one of the largest petroleum companies in the Philippines, on its agreement with Aramco, a global leading integrated energy and chemicals company, to acquire a 25% equity stake in Unioil.

Milbank

Milbank is active in corporate transactions, capital markets and projects, with a particular focus on energy and infrastructure. The team handles high-profile matters across renewable energy, real estate, leisure and hospitality, and global banking. It has been described as a ‘strong, dedicated team experienced in both Philippines M&A and capital markets.’ Leading the team is James Grandolfo, considered ‘the dean of the capital markets in the country,’ who is skilled in investments, refinancings and IPOs. Paul Pery brings expertise in corporate and capital markets, with a focus on financial services and debt capital markets. James Murray advises on energy-related projects, while Desiree Woo is noted for her strength in project finance and development. Other notable practitioners include Cesareo Singzon, who frequently provides support on capital markets transactions.

 

Praxisleiter:

James Grandolfo


Weitere Kernanwälte:

Paul Pery; James Murray; Desiree Woo; Cesareo Singzon


Referenzen

‘The team has the most deal experience in the Philippines and with the broadest list of clients. The team has a very good understanding and knowledge of local regulations and laws.‘

‘Jim Grandolfo and Paul Pery have been a fixture in so far as counsel for investment banking deals in the Philippines. Jim has the international knowledge and network, while Paul brings the local touch. The firm, through the leadership of these two, have top-notch talent who bring creativity, thoroughness and gives confidence that you’re in good hands when they are the ones working on the transaction.’

‘James Grandolfo is generally considered dean of the capital markets in the country.‘

Kernmandanten

HSBC


UBS


BPI Capital


JPMorgan


Morgan Stanley


Deutsche Bank


Barclays


Goldman Sachs


Actis LLP


Okada Manila International, Inc.


Universal Entertainment Corporation


Metro Pacific Investments Corporation


Bloomberry Resorts Corporation


Hotel101 Global Pte. Ltd.


PLDT Inc.


Globe Telecom, Inc.


GNPower Dinginin Ltd. Co


ACEN Corporation


GNPower Kauswagan


Asian Development Bank


Aboitiz Power


Power Partners


Ayala’s AC Energy


I Squared Capital


DBS Bank Ltd.


Merrill Lynch


Credit Suisse


Citicore Energy REIT Corp.


National Grid Corporation of the Philippines


Atlantic Gulf & Pacific Group


Highlight-Mandate


  • Advised BPI Capital Corporation, as sole global coordinator, and BofA Securities, HSBC, J.P. Morgan and UBS, as joint bookrunners, in connection with the issuance of US$500 million 5.00% 5-year notes and US$300 million 5.625% 10-year notes by Bank of the Philippine Islands.
  • Advising Actis LLP, through a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, in connection with its US$600 million investment in the Philippines-based Terra Solar Project.
  • Acted for HSBC and DBS as global coordinators and arrangers in connection with the establishment of a US$2 billion medium term note programme guaranteed by Vista Land & Lifescapes, Inc. and the issuance of US$450 million of 9.375% senior guaranteed notes due 2029 under the programme.

Pinsent Masons

Predominantly advising energy, infrastructure and financial services clients, the team at Pinsent Masons has a transactional practice covering investments, contractual matters, joint ventures, renewable energy and PPP projects. The team is jointly led by James Harris and Bernard Ang. Harris advises banks on transactions, project finance debt and loan facilities. Ang has recently worked on renewable energy and infrastructure projects, advising on tax and contractual aspects. William Stroll focuses on financial services, including investment advisory, due diligence and joint ventures. Other key team members include David Platt, David Clinch and Peter Jang, who was promoted to partner in May 2024.

Praxisleiter:

James Harris; Bernard Ang


Weitere Kernanwälte:

William Stroll; David Platt; David Clinch; Peter Jang


Referenzen

‚The Pinsent Masons team is able to provide effective legal support ranging from project development to regulatory-heavy transactions across jurisdictions. The team provides commercial inputs and acts as a valuable partner to their clients.‘

‚Peter Jang is a very reliable construction counsel – he takes time to make sure that the team fully understands the framework. David Clinch is an in-house legal team’s must-have support! He takes time to understand the business, the requirements of the team, and is willing to provide help in the best way he can.‘

‚Excellent understanding of the technical and financial aspects of the project that makes advice on the legal side that much better and valuable. Essentially, not just a lawyer but almost a lawyer-engineer.‘

Kernmandanten

SUSI Partners


Asian Development Bank (ADB)


Terra Solar Philippines


British International Investment Plc (BII)


Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)


International Finance Corporation (IFC)


Highlight-Mandate


  • Supported the Asian Development Bank (ADB) and the Philippines Department of Transportation/Manila International Airport Authority in relation to the successful rehabilitation, expansion, operation and maintenance of the Manila Ninoy Aquino International Airport (NAIA).
  • Advised Terra Solar Philippines Inc as the developer of the Terra Solar Project, which when completed will be one of the largest integrated renewable energy and storage projects in the world.
  • Advised BII and FMO on their investment into a newly established renewable energy platform focused on South-East Asia.

Gibson, Dunn & Crutcher LLP

With a focus on technology, infrastructure and telecommunications, Gibson, Dunn & Crutcher LLP advises on structuring, regulatory issues, joint ventures, project financing, and debt and equity investments. The team is led by Connell O’Neill, who specialises in corporate and commercial transactions, with recent work involving large-scale infrastructure and telecoms projects across multiple jurisdictions. Claude Jiang is another key practitioner, noted for his expertise in restructuring and finance matters.

Praxisleiter:

Connell O’Neill


Weitere Kernanwälte:

Claude Jiang


Referenzen

‚What makes this team unique is their sector knowledge, experience, and ability to best represent and protect a client’s interests.‘

‚Connell O’Neill has incredible market understanding and depth of sector.‘

‚Connell O’Neill is the cornerstone piece to the firm’s strengths in the Philippines and other jurisdictions. Has great knowledge, solid commercial negotiator, and always creatively trying to achieve good outcomes.‘

Kernmandanten

Manila Electric Company (Meralco)


Bank of the Philippine Islands


Landbank of the Philippines


SMC Mass Rail Transit 7, Inc. |fka Universal LRT Corporation (BVI) Limited


San Miguel Holdings Corp.


I Squared Capital


AC Energy Holdings, Inc.


Republic of the Philippines


First Pacific Company Limited


RCBC Banking Corp.


Metropolitan Bank of the Philippines


Banco de Oro Universal Bank


PLDT Inc.


Metro Pacific Tollways Corp.


Highlight-Mandate


King & Spalding LLP

King & Spalding LLP’s practice spans high-profile arbitration, financing, M&A and investments. Wade Coriell, described by clients as a ‘brilliant litigator,’ leads the team and brings expertise in high-value arbitration, regulatory and foreign investment issues, and infrastructure disputes with multijurisdictional elements. Aloysius Llamzon primarily advises conglomerates on arbitration and supply agreement issues. Elodie Dulac specialises in investment treaty arbitration, with recent matters involving energy and power. Andrew Brereton handles acquisition finance, structured lending, project finance, as well as equity and debt transactions. Simon Cowled focuses on privatisation and renewable energy investment issues, while Jun Bautista frequently assists on arbitration matters.

Praxisleiter:

Wade M. Coriell


Weitere Kernanwälte:

Aloysius Llamzon; Elodie Dulac; Andrew Brereton; Simon Cowled; Jun Bautista


Referenzen

‘The K&S Team that handled our case are very knowledgeable and well-versed in each of their individual assigned issue or field of expertise.‘

‘Wade Corriel is a brilliant litigator.‘

‘I have worked extensively with Wade Coriell, Elodie Dulac, Aloysius Llamzon and Jun Bautista. They are excellent in advocacy, especially in arbitration, and they provide clear and concise advice to their clients.‘

Kernmandanten

National Grid Corporation of Philippines


Prime Energy Resources Development B.V. (formerly Shell Philippines Exploration B.V.)


OCP Asia (Singapore) Pte Limited


National Grid Corporation of Philippines


Prime Energy Resources Development B.V. (formerly Shell Philippines Exploration B.V.)


OCP Asia (Singapore) Pte Limited


Highlight-Mandate


  • Represented National Grid Corporation of the Philippinesin an UNCITRAL arbitration against two Philippine State-owned and controlled parties, the Power Sector Assets and Liabilities Management Corporation and the National Transmission Corporation.
  • Represented Prime Energy Resources Development B.V. in an ICSID arbitration against the Republic of the Philippines under the Philippines – Netherlands BIT. This is one the highest value arbitrations in Philippine history.
  • Advised OCP Asia (Singapore) Pte Limited, a credit fund specialising in highly structured credit solutions to small and medium enterprises in Asia and Australia, on its USD 100 million secured term loan facilities for Asia Digital Engineering Sdn Bhd, a South-East Asia-based provider of aviation maintenance, overhaul and repair services.

Ashurst

Ashurst regularly advises international and domestic corporates, sponsors and financial institutions on high-profile transactions across infrastructure, financial services and energy. The team is experienced in handling matters with multijurisdictional elements. Anna Chung leads the practice, bringing expertise in project development, financing, PPP issues and cross-border transactions. Jean-Louis Neves Mandelli and Alfred Ng are also noteworthy.

Praxisleiter:

Anna Chung


Weitere Kernanwälte:

Jean-Louis Neves Mandelli; Alfred Ng


Referenzen

‘I have worked with Alfred who has consistently demonstrated a rare blend of legal acumen, strategic foresight, and genuine client commitment.’

‚The team is knowledgeable on the market practices and standards in the sector. They were able to communicate complex issues with clarity and confidence.‘

Kernmandanten

Ayala Corporation NAC Logistics


Ayala Land


Prime Infra


Prime Energy


Aboitiz


ACEN


Deutsche Bank


Farallon Capital


Highlight-Mandate


  • Advised Ayala Corporation on the sale of a 40% economic stake in its logistics arm AC Logistics toDanish transportation and logistics giant A.P. Moller (Maersk).
  • Advised IFC on a sustainability linked-loan of up to PHP14.5 billion (USD250 million) to Ayala Land, Inc.(ALI). This is ALI’s first sustainability-linked loan, which will support the company indecarbonising its commercial real-estate portfolio; and also the first sustainability-linked loanto be signed for the real estate sector in the Philippines.

Stephenson Harwood LLP

Stephenson Harwood LLP advises clients across energy, aviation, telecommunications and financial services on transactional, regulatory, financing and investment matters. Tom Platts leads the team, with recent work including cross-border M&A and private equity transactions. Saugata Mukherjee focuses on aviation, handling financing, sale and leaseback, and purchase agreements. The team was recently bolstered by the arrival of Nick Dingemans from Penningtons Manches Cooper LLP in October 2024.

Praxisleiter:

Tom Platts


Weitere Kernanwälte:

Saugata Mukherjee; Nick Dingemans


Kernmandanten

Cebu Pacific


BECIS Bioenergy Pte. Ltd


Matahio Energy


New Forests


Highlight-Mandate


  • Advised BECIS Bioenergy Pte. Ltd on a green loan financing of US$30 million.
  • Advised BECIS Group on securing a US$50 million loan facility from FMO, the Dutch entrepreneurial development bank, and British International Investment, the UK’s development finance institution and impact investor.
  • Advised Cebu Pacific on its first sustainability-linked Japanese Operating Lease with Call Option (JOLCO) financing for a new Airbus A321neo aircraft. The aircraft was delivered in December 2024.