Entrepreneur of the Year! Based on what? (also, WilmerHale's role in the process)

Wael Al-Mazeedi (BTU Ventures' "Founder and Chief Executive") was selected as Ernst & Young Entrepreneur of the Year in the Energy category for the New England region in 2006.

What the Business World Didn't See re: BTU in 2006

In the lawsuit from IFIC and ASEAN we are provided with details of how BTU's largest and most prominent investment (Meiya Power Company) was "doing" in the time period spanning early to mid 2006. Extracts from the relevant sections follow:

7. In April, 2006 the Fund was in financial distress.  The one-year loan time-period permitted by Desdner was about to expire. Al-Mazeedi's planned third round of equity fund raising, with migration from prior BTU groups' funds, was unsuccessful.  There was no IPO.  In order to buy more time from Dresdner, certain Fund investors then paid in additional equity.  In return, there was an extension of the Dresdner financing for the fund by an additional six months...

8. ...Dresdner noticed an event of default on August 31, 2006...

9. By the early fall of 2006, the financial investment of all the investors in the Fund, including that of Plaintiffs, was completely exposed to ruin by virtue of Al-Mazeedi's operational control of the Fund.  The 50% shareholder interest in MPC had been pledged to Dresdner at the outset of the financing that Al-Mazeedi arranged...

Meiya: another law firm, Minter Ellison, helps pull-off the sale by BTU

One would unquestioningly have to give a large (by their own account they have 280 partners and 1,000 legal staff), multinational, well-renowned law firm the benefit of the doubt that they know WHO their client is (who's paying their bills) and WHAT they are doing for it (what benefit the client receives in exchange). In other words, we should trust that Minter Ellison got their facts right. However, these facts don't "match" with other facts that are not subject to dispute.

The question then becomes, what are the "facts" regarding BTU's sale of Meiya Power Compay to Standard Chartered Bank?

Meiya Power Company gets "FLIPPED" again: November 2010

Don't mean to beat a dead horse, but Meiya now belongs to someone else.

• The new owner is not BTU Ventures
• The seller was not BTU Ventures

New owner is described as China Guangdong Nuclear Power Corp (CGNPC), a major Chinese state-owned nuclear power corporation. The excerpt and article from one of the advisory law firms follows:

"Freshfields Bruckhaus Deringer has advised China Guangdong Nuclear Power Corp on its acquisition of Meiya Power Company Limited from Standard Chartered Private Equity and Noonday Asset Management."

Link: Freshfields advises China Guandong Nuclear Power Corp on its acquisition of Meiya Power:

From another source:

"China GuangdongNuclear Power Company (CGNPC) announced on Monday it accomplished acquisition of 100% of clean energy-focused Meiya Power Company on November 5."

Link: HighBeam Research | Guangdong Nuclear Power Buys 100% of Meiya Power

Question: Wonder how long the Chinese government is going to let BTU Ventures keep claiming those assets as part of the BTU Group portfolio?