The recent Global Top Ten Legal Advisers of Project Finance Loans Quarter One – 2002 confirms Mallesons Stephen Jaques’ position in the top three, internationally.

According to analysis by Dealogic ProjectWare, which was based on transactions signed and funded from 1 January to 31 March 2002, Mallesons accounted for US$961.86 million and 10.16 per cent of market share.

The nearest competitor accounted for US$468.31 million and 4.94 per cent of market share.

Peter Doyle, Head of Mallesons’ Project Finance practice, said: “We acted on four deals worth a combined US$962 million. The results are pleasing given the global downturn in the amount invested in project finance dropped by 67 per cent in the quarter. We look forward to further boosting our performance in the next round.”

Key deals Mallesons acted on included Hazelwood Power Partnership refinancing of facilities to acquire the Hazelwood Power Station and adjacent mine; acting for ANZ and Citibank on the Project Thunder rail privatisation of above-rail freight rail business and The Toronto Dominion Bank, National Australia Bank Limited and Citibank N.A on the financing operation of various Gas pipelines (Eastern Gas Pipeline and Queensland Gas Pipeline).