Tom Shin is highlighted by sources for his superb understanding of cross-border project finance, with particular insight into the renewable energy sector.
Tom Shin is a senior foreign attorney at Lee & Ko and one of the leading banking and finance lawyers in Korea. He is recognised by both peers and clients as one of the foremost lawyers in projects, power, infrastructure and renewable energy in Korea. He has been profiled in The Legal 500 (2005–2008 and 2012) as one of the leading lawyers in project finance. More recently, Chambers Global (2010–2018) and Chambers Asia (2010–2019) named him as a “highly regarded deal maker, particularly in the field of project finance” with “years of cross-border expertise”. He has also been nominated as a leading lawyer by International Financial Law Review (2010–2019). His expertise also includes securities regulation.
Mr Shin has concluded a number of landmark projects, including the Mong Duong 2 power project in Vietnam by POSCO Energy; the then-largest photovoltaic power plant in Korea in Sinan, financed by Standard Chartered Bank; a ground-breaking wind farm project in Kangwon Province arranged by Korea Development Bank and Mizuho; the Pusan New port project, arranged by a syndication of European and Korean banks; the first Korean won-denominated project finance relating to an independent power plant sponsored by Sithe Energies; and the first asset-backed securitisation in Korea by the Korea Asset Management Corporation. More recently, he advised Daelim Industrial as sponsor in the landmark Cannakale Bridge project in Turkey.
Mr Shin has acted as lenders’ counsel in major international infrastructure projects sponsored by multinational companies on notable international projects, such as the Seoul Beltway project and the Daegu-Pusan Expressway project which included offshore financing from a group of Japanese banks. He has also served as the principal attorney for captive power plant project water treatment facilities, co-generation power plants and petrochemical plant financing. Additionally, he has acted as the Korean sponsors’ counsel in cross-border power plants and desalination projects by Korean companies in Latin America, Central Asia and Australia.
In recent years, Mr Shin has been leading the way in new and renewable energy finance in Korea and has concluded a number of solar photovoltaic and wind farm projects in Korea and abroad. He has successfully advised a prominent Korean bank in the project financing for a major wind farm project in Oklahoma, USA, and in a major light-rail train project in Korea. He has also advised state-owned power companies on investments in a wind farm in Pakistan and a coal-fired power plant in Chile. He has also advised Korean investors in the investment into and financing of photovoltaic power plants in California and Guam.
He has also represented clients in a number of ECA transactions in major overseas projects, such as the Eurasia Tunnel in Istanbul; the PT Krakatau Posco steel mill in Indonesia; Hermes-covered financing for Posco Energy and other ECA-financed transactions; and the Gaziantep Health Campus PPP and Cannakale Bridge projects, both in Turkey.