We regularly represent all of the various types of parties involved in projects: sponsors, lenders, borrowers, governments, development and export credit agencies, construction, supply and offtake contractors and financial advisers in advising on non-recourse and limited-recourse bank financings, leasing transactions, private and public capital markets transactions and emerging market transactions with development agencies, export credit agencies and political risk insurers. We understand the unique commercial and political context of each project and the relationship of political issues with the relevant legal and financing issues. We are particularly sensitive to how that relationship can differ in various countries, including the differences between how projects are viewed in the United States relative to most of the rest of the world.
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• Davis Polk ranked in the 1^st tier nationally in Project Finance, according to the U.S. News & World Report Best Law Firms rankings for 2010.
  
  
• We won Project Finance magazine’s “Latin American Project Bond Deal of the Year 2010” and “Latin American Sponsor of the Year 2010” for our representation of Odebrecht in connection with its $1.5 billion project bond.
  
  
• Legal 500 U.S. 2010 notes that “Other top ranked practices may ‘have quantity, but they do not always have the quality of this firm.’”
  
  
• Davis Polk consistently ranks among the top law firms in project finance transactions, according to Chambers USA; Chambers Latin America; Law Business Research’s Who’s Who Legal– International Who’s Who of Project Finance Lawyers; IFLR1000: The Guide to the World’s Leading Financial Law Firms; and Legal Media Group’s Expert Guide to the World’s Leading Lawyers.

• We advised Odebrecht in connection with its US$1.5 billion Rule 144A/Regulation S offering of 6.35% senior secured notes, the proceeds of which will be used to pay for the construction of two deep sea drill ships with capacity to drill to a maximum depth of 12,000 meters below the seabed off the coast of Brazil. This project bond offering was the largest debt offering in Brazil in 2010 and one of the largest project bond issuances ever in Latin America and winner of Project Finance magazine’s “Latin American Project Bond Deal of the Year 2010” and “Latin American Sponsor of the Year 2010.”
  
  
• We are advising FertiNitro, a Venezuelan petrochemical joint venture among Petroquímica de Venezuela, Koch Oil, Polar and Snamprogetti, in connection with various expropriatorry actions of the Venezuelan government. This transaction was named “Bond, Petrochemical, and Latin American Project Financing of the Year” by Project Finance magazine.
  
  
• We advised Digicel, a leading provider of wireless telecommunications services in the Caribbean region, in connection with the refinancing of $523.3 million of existing loans through a combination of "forward-start" commitments and new facilities and the raising of an additional $75 million of new loans provided by a consortium of international and local banks and export credit agencies.
  
  
• We advised JBIC and a consortium of Japanese commercial banks in connection with a $335 million project financing for the expansion of a methanol plant in Venezuela owned by Metanol de Oriente, a joint venture of Pequiven, the state-owned petrochemical company, Mitsubishi and Mitsubishi Heavy Industries. The METOR transaction was the first project financing with foreign capital in Venezuela since Petróleos de Venezuela, the state-owned oil company, took majority control of the Venezuelan heavy oil projects: Cerro Negro, Hamaca Petrozuata and Sincor. This transaction was awarded “Latin America Petrochemicals 2008 Deal of the Year” by Project Finance magazine.