Paul Wee

Partner
Norton Rose Fulbright LLP

Paul Wee

Paul Wee

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Biography

Paul Wee Ei Don is a banking and finance lawyer based in Beijing.

Paul has advised major financial institutions and corporations on project financing, export credit financing and leveraged acquisition financing, across a broad range of sectors with a particular focus on the mining & metals, oil & gas, power and infrastructure sectors. Over the past several years, he has worked on some of the largest Chinese outbound financings involving various countries from Australia and Angola to the Ukraine and Venezuela.

He joined us in May 2016 after having spent almost eight years in the Beijing office of a magic circle firm. He has also worked in leading law firms in Australia and Malaysia. Paul is a published co-author of a 700-page legal text on syndicated loans and bonds in Malaysia, and has completed the Chartered Financial Analyst programme.

Paul is qualified to practise in Australia and Malaysia, and is fluent in English, Mandarin and Bahasa Malaysia.


Professional experience

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  • China Development Bank Corporation, Industrial and Commercial Bank of China Limited, The Export-Import Bank of China and Bank of China Limited in respect of a US$969 million acquisition facility, a US$5.988 billion project facility and a US$380 million bank guarantee facility to a project company formed by a consortium of Chinese sponsors consisting of MMG, Guoxin and CITIC for the acquisition, and subsequent development, of the Las Bambas copper mines in Peru from Glencore Xtrata.
  • China Development Bank Corporation and Bank of China Limited, Sydney Branch on a US$1 billion syndicated project financing facility for MMG Dugald River Pty Ltd to finance the Dugald River Project, which involves the development and construction of one of the world's known largest high-grade undeveloped zinc-lead-silver deposits located in north-west Queensland, Australia.
  • China Development Bank Corporation and Bank of China Limited as mandated lead arrangers on the limited recourse US$1.2 billion syndicated project financing for the Karara Iron Ore Project in Western Australia, which is a joint venture between ASX listed Gindalbie Metals Limited and Ansteel, a major Chinese steel producer in China. ("Project Finance Deal of the Year" - Australian Legal Business Awards 2011; "Deal of the Year" – Asian Counsels 2010).
  • China Development Bank Corporation on a US$336 million increase to the original US$1.2 billion syndicated project financing and a separate US$250 million syndicated facility granted to Karara Mining Limited in respect of the construction and development of the Karara Iron Ore Project.
  • China Development Bank Corporation and Bank of China Limited, Sydney Branch on a US$400 million loan facility and a US$300 million guarantee facility to Karara Mining Limited in relation to the Karara Iron Ore Project in Western Australia.
  • China Development Bank Corporation on a US$3.656 billion master facility granted to JSC Naftogaz, the state oil and gas company of the Ukraine, for the purpose of financing various coal gasification projects in the Ukraine. The facility is backed by a Ukrainian sovereign guarantee.
  • China Development Bank Corporation as mandated lead arranger on a US$4.015 billion project financing facility to Petrolera Sinovensa, S.A., a joint venture company between Petroleos de Venezuela S.A. (PDVSA), the Venezuelan state-owned petroleum company, and China National Petroleum Corporation (CNPC) for the development and construction of production facilities to increase the oil production capacity of the project company at the Orinoco oil belt in Venezuela.
  • China Development Bank Corporation on a US$5 billion financing facility to Banco De Desarrollo Economico Y Social De Venezuela (BANDES) pursuant to the Sino-Venzuela Joint Fund for the purpose of financing various development projects in Venezuela.
  • China Development Bank Corporation on a US$4 billion facility and a US$4.1 billion facility to State Concern “Turkmengas” for the development of the South Elotan Natural Gas Project and certain other gas projects in Turkmenistan.
  • Industrial and Commercial Bank of China Limited on a proposed prepayment facility to an SPV established by Qatar Petroleum, and a direct loan to Qatar Petroleum on a corporate basis.
  • A Chinese state-owned bank on a financing facility to the Ministry of Finance of the Republic of Angola for the financing of various strategic projects in the oil and gas sector in the Republic of Angola.
  • Industrial and Commercial Bank of China Limited as mandated lead arranger in relation to a facility to ZESCO Limited, the state-owned power company in Zambia, for the construction and development of the 330KV Pensulo-Msoro-Chipata West transmission facility and the 330KV Pensulo-Kasama transmission facility, both located in Zambia.
  • A Chinese state-owned bank on the proposed financing for the construction of a photovoltaic power plant in Australia.
  • Bank of China Limited as lead arranger, on a US$600 million, a US$450 million and a US$370 million syndicated export credit financing involving a consortium of Chinese and international lenders to PT Perusahaan Listrik Negara (PLN), the state-owned Indonesian power utility, for the construction of coal fired power projects in Indramayu, Teluk Naga and Tanjung Awar-Awar, Indonesia.
  • China Development Bank Corporation in respect of a US$625 million facility and a US$138 million facility to PLN for the construction of a coal fired power generating facility in Adipala and Sumatera Barat, Indonesia.
  • Bank of China Limited, as the mandated lead arranger, on a US$317,560,000 facility for Atlas Power Generation Inc for the construction and commissioning of a 600MW coal–fired thermal power plant located in the Sariseki Organised Industrial Zone in Iskanderun, Hatay, Republic of Turkey. The financing facility was supported by export credit insurance issued by Sinosure.
  • Bank of China Limited and BNP Paribas as mandated lead arrangers in relation to a US$212.5 million global export credit facility to Mobile Telesystems Open Joint Stock Company in relation to its purchase of certain equipment from the Huawei group of companies.

Knowledge

Asia projects insights

Publication | September 24, 2019

Mobilising private capital

Publication | April 25, 2019