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Stephen Le Vesconte

Partner / Paris

“I am an energy and infrastructure lawyer with very broad experience of advising on complex and demanding projects worldwide, having previously worked in London, Moscow, Hong Kong and Seoul. Our team in Paris offers world-class project development, project finance and related sector expertise both for clients based in France and for those using Paris as a commercial and financial hub for cross-border deals.”

Overview

Education and qualifications

Overview

Stephen is an energy and infrastructure specialist with over 15 years of experience advising on large-scale, cross-border project development, project finance, joint venture and M&A transactions in the energy and infrastructure sectors (including oil and gas, petrochemicals, power and renewables). He has particular expertise in structured finance and multisource project financings including Export Credit Agencies (ECAs) and other international financial institutions.

Stephen set up the firm’s Seoul office in 2013 and was Seoul office Managing Partner 2016-2018, and continues to lead the firm’s relationships with many Korean corporates, ECAs and banks in Seoul.

Stephen previously worked for nine years in the firm’s London office, for three years in the firm’s Moscow office and for six months in the firm’s Hong Kong office. He joined our Paris team in September 2018.

Stephen is ranked by Chambers Asia as a leading Projects & Infrastructure practitioner, and has taken a leading role on many major projects. His recent experience includes advising:

  • wpd AG on the €2.7bn project financing of the 640MW Yunlin offshore wind farm project in Taiwan, the largest offshore wind project financing to come to market in Asia Pacific to date. The financing group comprised a total of 19 international and local Taiwanese banks and three ECAs including EKF, Euler Hermes and Atradius
  • the lenders and export credit agencies (including EKF, UKEF, Credendo, and K-SURE) in connection with the financing of the Formosa 2 offshore wind farm project in Taiwan
  • a consortium of international banks, Islamic commercial banks and export credit agencies on the US$2.3bn partial refinancing of the Jubail refining and petrochemical plant in Saudi Arabia
  • China Development Bank (CDB) as arranger and lender on the $629m financing of the Lekki Port project in Nigeria
  • KEXIM, K-SURE and the commercial banks on the US$1.3bn financing facilities for Kuwait Integrated Petroleum Industries Company K.S.C. in respect of an LNG import facility
  • the lenders, including Chinese, Russian, Italian, French and Japanese Export Credit Agencies (ECAs) on a US$19bn project financing of the Yamal Liquefied Natural Gas (LNG) project in Russia
  • Samsung C&T and Korean Southern Power Company (KOSPO) on the development and project financing of the gas-fired Kelar Independent Power Producer (IPP) in Chile 
  • the Export-Import Bank of China (CEXIM) and the Industrial and Commercial Bank of China (ICBC) as the lender on the US$1.5bn project financing of the Suki Kinari Hydropower Project in Pakistan
  • KEXIM, K-SURE and a group of international commercial banks on the US$1.7bn financing of an ethylene cracker and ethylene glycol plant in Louisiana, USA
  • shortlisted consortium led by POSCO Daewoo on its bid for the Bahrain LNG Terminal Project, with financing from K-SURE

Education and qualifications

Stephen studied law with French at the University of Nottingham and the Université de Nantes.

He speaks English and French.