Martin David is a principal in the Finance and Projects Practice Group at Baker McKenzie Wong & Leow and heads the Projects practice in Asia and Singapore.
Martin is a projects and infrastructure lawyer with particular experience in projects, project finance, energy M&A, general finance, and international construction. He has over 20 years of experience in Asia acting both for sponsors and lenders (including multilateral agencies) on the full range of infrastructure projects and project financings, with particular strengths in power, telecommunications, petrochemicals and roads. He is a former civil engineer and has market leading experience in relation to greenfield IPPs in Asia, particularly in the renewables sector (wind and geothermal).
Representative Legal Matters
- Acting for the sponsors on the IFC-backed development and project financing of the 400MW Siragjanj greenfield power project in Bangladesh.
- Advising ADB on the 450MW combined heat and power project (CHP5) in Mongolia, including drafting and negotiating the PPA, HPA, CSA, concession agreement, water use and land use agreements. This is the first combined heat and power project in Asia.
Prior to joining Baker McKenzie Wong & Leow, Martin acted on the following matters:
- Acted for BP on the Merak ethylene cracker in Indonesia and drafted and led the negotiations for BP on the Tangguh LNG liquefaction facility EPC contract (Phase 1) and the construction contracts for the two Tangguh platforms and pipelines.
- Advised the developer on a 400 km road construction project in Afghanistan, the largest infrastructure project being developed in Afghanistan at the time.
- Advised Newcom and other parties on the 50MW Tsetsii Wind Farm and 50MW Salkhit Wind Farm in Mongolia (the first project financed power project to close in Mongolia), the lenders on the project financing of a 200MW wind farm in Thailand, the USD400 million Tiwi and Makban geothermal power project acquisition in the Philippines, and on the successful acquisition of a majority stake in the 220MW Baturraden Geothermal Power Project in Indonesia.
- Acted as lead lawyer in drafting and negotiating all the project agreements on a number of greenfield power projects in Asia (e.g., PPA, concession/implementation agreement, fuel supply, EPC contracts, O&M agreements). These include two IPPs in Bangladesh (400MW Haripur and 450MW Meghnaghat — the first IPPs in Bangladesh); the 120MW Kelanitissa — the first IPP in Sri Lanka; the 1400 MW BLCP IPP in Thailand; three IPPs in Pakistan (including redrafting the Pakistan template PPA and IA for the government); and the 200MW Mindanao coal-fired power project in the Philippines.
- Acted for ADB on numerous financings, including the USD400 million NTPC financing (the largest loan by ADB to an Indian power developer of their time), the project financing of Bemobile expansion in Papua New Guinea and Solomon Islands, and the project financing of the Roshan Telecom network in Afghanistan.
- Acted for Southern on its successful USD3.4 billion acquisition of the CEPA portfolio of power assets in the Philippines, Indonesia, PRC and Pakistan; for Macquarie and GMR on their bid for the USD3 billion Tuas Power Project disposal in Singapore; and an AES-led consortium on their bid for the USD1.5 billion acquisition of the Sual and Pagbilao power plants in the Philippines.
Professional Associations and Memberships
- Law Society of England & Wales
- England & Wales~North America (1990)
- England & Wales~United Kingdom (1990)
- City of London Polytechnic (C.P.E.) (1987)
- City of London Polytechnic (Bachelor of Applied Science) (1987)
- University of Birmingham (B.Sc. Engineering) (1983)
- University of Birmingham (LL.B. Engineering) (1983)
Baker & McKenzie.Wong & Leow is a member of Baker & McKenzie International, a Swiss Verein.