Norton Rose Fulbright wins two Latin Lawyer Deal of the Year Awards

Global Press release - Business October 5, 2020

Norton Rose Fulbright recently took home two major wins at the 14th annual Latin Lawyer 2019 Deal of the Year Awards.

Announced on September 29, 2020, the winning deals exhibit "work at a level of complexity that broke new parameters in the jurisdictions they occurred in."

Latin Lawyer, which provides comprehensive coverage of the Latin American legal market, recognized Norton Rose Fulbright for its work on the following transactions: 

Category - Project finance (Energy)
Winning Deal - Energía del Pacifico power plant gets project financing in El Salvador

Marissa Leigh Alcala, Tracy Horton and Noam Ayali led the project team representing lenders in financing the estimated US$850 million Energía del Pacífico (EDP) gas-fired power plant and LNG import terminal project in Acajutla, El Salvador – the biggest energy infrastructure investment in this country's history. 

The project consists of the construction, operation and maintenance of a 378MW gas-fired power plant and an offshore LNG import terminal including an FSRU and natural gas pipelines comprising a 1.3km subsea pipeline, a 500 meter onshore underground pipeline, and a 44km transmission line to connect the power plant to El Salvador's electrical grid.

The rest of the Norton Rose Fulbright team included Jacob Falk, Christa L. Maiorano, Micaela García-Ribeyro, Rachel Rosenfeld, Pablo Calderón (Washington, DC), Julie Mayo, Jessica Rodriguez (Houston), Richard Howley, Alexandra Jeffreys and Jamie Munro (London).

Category - Restructuring
Winning Deal - Constellation oil group completes US$1.67 billion global restructuring

A cross-border team led by Andrew Rosenblatt (New York) and Michael McCourt (São Paulo) advised Banco Bradesco during the complex US$1.67 billion debt restructuring of Constellation Oil Services Holding that closed successfully in December. The restructuring of Constellation, a leading oil and gas drilling services group in Brazil, brought to a close one of the country's largest and most complicated bankruptcy filings.

The bankruptcy filing by Constellation, formerly known as QGOG Constellation, in December 2018 was pre-arranged and supported by a majority of the group's secured and unsecured creditors. Ancillary proceedings related to Constellation's Brazil case were filed in the US and the British Virgin Islands.

The Norton Rose Fulbright team also included James Copeland (New York) and Diego Brandão (São Paulo).

Our global platform, combined with our regional knowledge and experience, enables us to advise international clients throughout the entire region. We represent Latin American and international clients on corporate and commercial transactions; banking and finance; financial restructuring and insolvency; dispute resolution and litigation (including international arbitration and investigations); employment and labor; energy; project finance; regulation and investigations; and tax.