Showing posts with label Standard Chartered Bank. Show all posts
Showing posts with label Standard Chartered Bank. Show all posts

Tuesday, December 7, 2010

The "zealous advocate" - WilmerHale's commercial role in Meiya

From WilmerHale's own website we have an abbreviated description of their role (besides litigating on behalf of Al-Mazeedi, Oishi, and the BTU group of companies) in the "sale" of Meiya Power Company.
"Represented energy-focused private equity firm BTU Power Management Company in a secured $240 million term credit facility from Standard Chartered Bank in the connection with the acquisition of Chinese electricity generation assets."
Link: Debt Finance | WilmerHale

Note: WilmerHale is involved in every single one of the known lawsuits in the US involving BTU (see section titled "BTU Lawyers").

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?