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.
Foreign firms in Philippines
A&O Shearman
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.