District of Columbia
England & Wales
Jason has substantial experience representing developers, host governments and lenders in project development, finance and sale and acquisition transactions involving a variety of energy, infrastructure and real estate development projects. He has structured, negotiated and documented joint venture, capacity, gas and fuel supply, power purchase, concession, construction, and operation and maintenance transactions on behalf of developers, contractors and host governments worldwide. His work also includes regular representation of borrowers and sponsors in various financing transactions, including asset-based and project finance loan facilities.
Jason’s work includes regular representation of sponsors, owners and bidders in various financing, sale and acquisition, bid solicitation and other commercial transactions. He has particular expertise in structuring commercial and financing transactions in highly regulated industries, including nuclear energy. His energy sector experience spans conventional power, geothermal, on-shore and off-shore wind, solar, nuclear, battery storage and other alternative energy projects, in addition to natural gas, refinery and petrochemical projects.
Recently, Jason has been engaged as lead counsel to an international government client in connection with all aspects of commercial and financing arrangements for a new build nuclear power project in the Middle East, including a $24.4 billion USD financing, which received the “Public Sector Financing Deal of the Year” award at the IJGlobal Awards 2016 for the Middle East & North Africa region; the “Global Finance Deal of the Year: Projects (Middle East)” award as announced by The American Lawyer; and the “Project Finance Deal of the Year” at the 2017 International Financial Law Review Middle East Awards.
In addition, Jason recently concluded the successful representation of a MENA-based sponsor in connection with the development and financing of a new oil refinery project and corresponding captive conventional power plant, the $4.6 billion USD multi-sourced financing of which was awarded “Middle East Petrochemical Deal of the Year” at the 2018 PFI Awards and the “Downstream Oil & Gas Deal of the Year” at the IJGlobal Awards 2018 for the Middle East & North Africa region.
Among other notable transactions, Jason acted as lead counsel in the negotiation and structuring of a power purchase agreement with a nominal value of nearly $300 billion USD, making it one of the single largest commercial contracts in history. Jason recently acted as counsel to a developer for the structuring of financing and construction arrangements for a new build nuclear project in the United Kingdom. He also acted as lead counsel to the developer of Mexico’s first private geothermal power project.
Jason is one of the only attorneys worldwide that has actually structured project, commercial and financing arrangements for a nuclear new build project in a country new to nuclear energy, and successfully secured debt financing commitments against those project arrangements after full bankability review and due diligence by multiple international lenders, including export credit agencies. He is one of exceedingly few lawyers that has first-hand, market-tested data on a spectrum of financing options for new nuclear projects, including limited recourse and structured finance options.
Jason has negotiated transactions in the United States, the Middle East, Europe, Latin America and Asia. He is a graduate of Yale Law School and is admitted to practice in New York, Washington D.C., California, and England & Wales. Jason has authored several publications and had numerous speaking engagements across the world, including the United States, India, Poland, China and the United Arab Emirates on topics related to developing and financing nuclear power and renewable energy projects.
Jason has represented many commercial and investment banks in a variety of financing transactions ranging from single-asset power plant financings to multi-billion dollar, multi-lien combined bank and capital market financings.
In addition, Jason represents developers ranging from independent power producers to large nuclear utilities in connection with the development, construction and financing of various energy-related projects. Jason has been involved in the following representative projects:
Representation of a Middle Eastern government sponsor in connection with the restructuring of the entire corporate governance and contractual framework of a new-build nuclear power project in order to align decision making processes and address the new regulatory requirements in the context of nuclear and operational oversight
-joint venture arrangements involving the Middle Eastern host country government and the technology exporter;
-financing and offtake arrangements;
-insurance matters during construction and operation, including nuclear liability analysis and nuclear insurance pool formation;
-analysis of nuclear liability regimes and review of draft laws to implement nuclear liability conventions;
-review of construction oversight and operation and maintenance arrangements with the nuclear regulatory authority to obtain required approvals relating to foreign participation in plant ownership and nuclear licensing;
-regulatory matters involving the federal nuclear authority and the International Atomic Energy Agency; and
-application for and negotiation of the first nuclearized electricity generation license issued by the local regulation and supervision bureau