Led by Frankfurt-based partners Dr. Tobias Faber and Dr. Alexander Stefan Rieger and Dubai based partner Sohail Barkatali, international law firm Hogan Lovells has advised a consortium of WTE Wassertechnik GmbH and International Financial Advisors Holding K.P.S.C (IFA) as successful bidder for the Umm Al-Hayman wastewater project in Kuwait.
As general contractor, WTE will be responsible for the planning and construction of a sewage treatment plant in particular (contract value equivalent to around EUR 600 million) and - with partners - a sewage network with pumping stations (contract value equivalent to around EUR 950 million). With a construction value of approximately USD 1.8 billion (excluding financing and operating costs), it is one of the world's largest and most complex PPP water projects.
The complex financing structure included six international and national banks. Hogan Lovells' advisory services covered all legal aspects, including project procurement and tendering, structuring, project contracts, project financing, EPC and operator agreements.
Dr. Tobias Faber, who bears the overall legal responsibility for the project, said: "We are proud that we were able to use our international project and infrastructure expertise to support our important clients WTE and IFA in this project. We could not only rely on our broad technical understanding of such projects, but also on our more than 15 years of experience with 2 complex, often project-financed infrastructure and energy projects in the MENA region".
Dr. Alexander Stefan Rieger led the negotiation of the project agreements; Dr. Carla Luh led the negotiation of the financing agreements. Sohail Barkatali led the negotiation of the agreements with the Kuwaiti entities.
Sohail Barkatali from Hogan Lovells' Dubai office advised on all relevant Middle East aspects of this deal and was supported by partner, Rahail Ali and senior associate, Tony Nicholson based in the Dubai office. Commenting on the project, Sohail said: "Members of the Dubai based team advised KAPP on the Az-Zour North Phase 1 IWPP project in Kuwait. We are delighted to have advised the winning sponsor on only the second large-scale PPP project to be signed in the State of Kuwait. Kuwait remains an important jurisdiction for Hogan Lovells, with members of the Dubai team having also advised lenders on the Al-Abdaliyah project and on the Kuwait Schools PPP project.”
-Ends-
Hogan Lovells Team for WTE and IFA
Frankfurt
Dr. Tobias Faber (Partner), Dr. Alexander Stefan Rieger (Partner), Dr. Fabian Bonke (Senior Associate), Maria Koliasta, Jürgen Keß, Kristina Laewen, Johannes Groß, Katharina Baunach, Jan Hendrik Müller, (all Associates), Camilla Fröhlich (Foreign Associate) (all IERP Infrastructure, Energy, Resources and Projects); Amy Bruland (Associate, IERP Finance);
Hamburg
Dr. Carla Luh (Partner), Marco Weibrecht (Associate), Anne Gahleitner (Business Lawyer) (all IERP Project Finance); Dusseldorf
Dr. Heiko Gemmel (Partner), Anne-Svenja de Kiff (Senior Associate) (both Tax);
3 Dubai
Sohail Barkatali (Partner, IERP Projects), Rahail Ali (Partner, Finance), Tony Nicholson (Senior Associate, IERP Finance); London
James Doyle (Partner), Nicholas Watmough (Senior Associate) (both IDCM International Debt Capital Markets).
WTE Inhouse Legal: Dr. Axel Bowmann, Katarzyna Pater, Miriam Angelstorf
IFA Inhouse Legal: Alaa Ahmed Kamel
Local Counsel WTE/IFA: ASAR: Ibrahim Sartout, Dania Dib, Tala Bijani, Akusa Batwala
Advisor KAPP: Norton Rose (Bahrain + Dubai) und Al Tamimi & Co
Advisor Lenders: Covington & Burlington, Al Bader Law
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