Showing posts with label Faisal Khan. Show all posts
Showing posts with label Faisal Khan. Show all posts

Monday, February 28, 2011

BTU Ventures seemingly disappears: BTU Power Company takes its place (what was it before? what is it now? who was involved from the beginning?)

(note: this is a work-in-progress).  more to come from court documents filed in Massachusetts and the Cayman Islands (all available filings from Massachusetts Superior Court as well as the Grand Court of the Cayman Islands will be posted soon)....

Information from the "dockets" in the Abdulmohsen Hayat litigation (US and Caymans) helps us understand:
  • All the "players" involved in the establishment of BTU Power Company.  
  • We also learn about BTU Power Company's financial and organizational structure.  Moreover:
    • There was a BTU Power Company II at one time - it has ceased to exist since sometime in mid-2007.  
    • There were plans for a third BTU Power Company as well which never came to fruition (all to be documented soon).  
Note: Hale and Dorr, the predecessor to WilmerHale, as well as Maples and Calder have been "involved" since BTU Power Company's "formation" going back to at least 2003.  In WilmerHale's case, they have participated in all aspects of Wael Al-Mazeedi's business ventures.  The last eight (8) years have been very fortuitous for all parties involved. Hale and Dorr (WilmerHale) have been, and continue to be, instrumental in:
  • fund formation
  • corporate structuring and formation
  • debt arrangement (regarding Meiya Power Company)
  • asset disposal (regarding Meiya Power Company)
  • external counsel
  • litigation, litigation, litigation....
  • Others....
The "Principals" (from 2003 and before).
  • Hale and Dorr (US Counsel - principally Dimitri Racklin)
  • Maples and Calder (Cayman Islands Counsel)
  • PricewaterhouseCoopers Securities (principally John M. Sachs) 
  • Henry Tiedemann (BTU Power Principal Financial Officer)
  • Faisal Khan
  • Scotia Capital
  • Others...