Event 14 Oct. 2022
Curtis Provides Capacity Training to the Government of Uganda
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Event 21 Sep. 2022
Kalidou Gadio Speaks at AIEN 2022 International Energy Summit
Event 06 Jun. 2023
Partner Borzu Sabahi Speaks on Panel in Tashkent Law Spring International Legal Forum in the Republic of Uzbekistan
News 15 May. 2023
Curtis represents e-commerce retailer in its fight to recover monies withheld by PayPal, the global payment giant
Event 08 May. 2023
Partner Irene Petrelli to Participate in ICC YAAF Event
News 02 May. 2023
Curtis Italy with DeA Capital in the Acquisition of Magic S.r.l
Event 07 Jun. 2023
Elisa Botero Speaks on Latin America’s H2 Potential at AIEN’s International Energy Summit
Event 23 May. 2023
Partners Luciana Ricart and Fernando Tupa Will Teach a Workshop on Hearings in Investment Arbitration for Arbanza School of Arbitration’s Online Program
Event 03 May. 2023
Dr. Borzu Sabahi to Speak at ICSID-ADGM Joint Conference: Investment Protection and Armed Conflict
Event 19 Mar. 2023
Sebastiano Nessi speaks at Bahrain Business and Legal Landscape Conference
Event 01 Jun. 2023
Curtis Environmental Chair Charles Howland to Moderate Panel Discussion on Latest Developments in Environmental Due Diligence at ABA Masterclass on Environmental Transactions
News 25 May. 2023
Curtis Files SCOTUS Amicus Brief for Distinguished Law Professors in First Amendment Retaliatory Arrest Case
News 06 Mar. 2023
Russia Sanctions at the First Anniversary: An Overview of Current Sanctions in the US, UK, and EU and How Global Companies Can Navigate Evolving and Conflicting Sanctions Regimes
Client Alert 30 Aug. 2022
The EU Adopts the “Maintenance and Alignment” Sanctions Package
Client Alert 24 Jun. 2021
Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
News 11 Jan. 2011
Curtis represented the United States Department of Energy (DOE) in its guarantee of a $1.3 billion project financing for a 845-megawatt wind farm -- the Caithness Shepherds Flat project -- being developed by Caithness Energy LLC and GE Energy Financial Services in eastern Oregon. The financing was the second to close under DOE's Financial Institution Partnership Program, with a federal guarantee issued under Title XVII of the Energy Policy Act of 2005 as amended by the American Recovery and Reinvestment Act of 2009. The Caithness Shepherds Flat project consists of 338 wind turbines supplied by GE. When completed, it will be one of the world's largest wind energy facilities. The power and renewable energy credits generated by the project will be sold to Southern California Edison under a 20-year power purchase agreement.The debt financing consists of (a) a $525 million, 21.5-year, fixed-rate construction and term loan facility placed with institutional investors, (b) a $675 million 14-year, floating-rate construction and term loan facility syndicated in the commercial bank market, and (c) a $233 million letter of credit facility with an initial availability of 5 years from commercial operation. The facilities are 80% guaranteed by the DOE. The financing structure involved the creation of Delaware statutory trusts which issued notes and trust certificates divided into DOE-guaranteed and unguaranteed tranches. The sponsors are investing $718 million in equity, approximately $500 million of which is expected to be recouped upon project completion from a U.S. Treasury cash grant in lieu of investment tax credits under section 1603 of the Internal Revenue Code supporting renewable energy projects. The financing was led by Citibank N.A. with Bank of Tokyo-Mitsubishi UFJ, Ltd., RBS Securities and WestLB Securities, Inc. as Joint Lead Arrangers.Curtis represented the DOE in the diligence, negotiation, structuring and approval process for the transaction, and acted as co-counsel to DOE with Clifford Chance in preparing the definitive documentation. Milbank represented the lenders and Chadbourne advised the borrower and sponsors. The Curtis team was led by partner Daniel Lenihan and associate Darío Avram with the assistance of Shafiq Perry and, on tax matters, Kuang-Chu Chiang.
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