James Vickers

Mr. Vickers is a member of Davis Polk’s Corporate Department and Latin American finance practice, advising clients on a range of corporate finance transactions, including project finance, structured finance, margin loans, equity and credit linked products and leveraged lending, with a focus on financings in the international cross-border markets, particularly in Latin America.

He has been based in Sao Paulo, Brazil since 2003 and has advised an array of notable financial institutions and companies including Banco Santander, Braskem, CCR SA, JPMorgan, Macquarie, Petrobras, Publicis Group, Sabesp and Technip.

Work Highlights

Notable representations include advising:

  • The project sponsors on the $1 billion long-term limited recourse project financing of an extended well test floating production, storage and offloading unit (FPSO) (“Libra”) chartered to Petrobras on behalf of, and as leader of, a consortium comprising Petrobras, Shell, Total, China National Petroleum Corporation and China National Offshore Oil Corporation (work included a bankability study in connection with the project, including the construction contract entered into with the EPC Contractor, Jurong Shipyard PTE Ltd., in Singapore)
  • The joint lead arrangers in connection with LATAM Airlines’ acquisition of the remaining publicly traded shares in Multiplus pursuant to a tender offer under Brazilian law
  • A construction company on the joint venture arrangements for the design, engineering, procurement, construction and commissioning of two “clean coal” fired thermoelectric power plants in Punta Catalina, Dominican Republic
  • The project company and sponsors on a bank/bond project financing comprising of approximately $550 million in senior secured bonds and an approximately $250 million senior secured loan for a public-private partnership (PPP) toll road project in Lima, Peru
  • A construction consortium over a period of two years in connection with the Alliance EPC construction and joint venture arrangements relating to the $4.5 billion “Etileno XXI” integrated petrochemical facility located in the State of Veracruz, Mexico – the largest single project private sector investment and petrochemical industry project financing undertaken in Mexico
  • The project company and lead sponsor with respect to in respect of the supply, manufacture and $1 billion project financing of the Sao Paulo Metro Line 4
  • The principal sponsor and concessionaire in connection with all aspects of a $1 billion long-term limited recourse project financing by Inter-American Development Bank and Japan Bank for International Cooperation of the Mário Covas Ringroad (Rodoanel Mário Covas) in São Paulo, Brazil
  • The concessionaire in connection with the first pure PPP project bond financing transaction in Peru - the 960 km IIRSA-Norte toll road, part of the wider infrastructure development strategy signed in 2000 to promote political and economic integration across twelve South American countries
  • Petrobras on:
      • all aspects of the US$900m REVAP refinery modernization project in the state of São Paulo, Brazil
      • all aspects of the commercial contracts and project financing of the $1 billion Malhas Gas Pipeline Project to extend the gas supply to thermal plants and industrial facilities in the south-east and north-east regions of Brazil
      • the structuring of a JBIC sponsor financing on the Gasene natural gas pipeline to link the northeastern and southeastern Malhas networks
      • the $1.3 billion EVM Project to finance the exploration of the Espadarte, Voador and Marimbá fields in the Campos Basin
      • the project financing of the $850 million Cabiúnas Project created to finance the development of gas treatment in the Campos Basin, Brazil
  • CCR S.A. and its subsidiaries over a period of fifteen years on multiple term loan facilities in an aggregate amount exceeding $2 billion

Recognition

Mr. Vickers is consistently recognized for his work in the legal industry:

  • Chambers Global – Projects (LatAm-wide)
  • Chambers Latin America – Projects (LatAm-wide)
  • IFLR1000 – M&A (Brazil)
  • Legal 500 Latin America – Projects and Energy (International Firms)

Professional History

  • Partner, 2008-2011
  • Associate, 2007-2008, Mayer Brown
  • Associate, Clifford Chance, 1999-2007

Bar Admissions

  • São Paulo (Foreign Legal Consultant)

Education

  • LL.B., University of the West of England, Bristol, 1997
    • with merit

Languages

  • Portuguese