Frasers Law Company is a leading full-service law firm in Vietnam. With a team of both local and expatriate lawyers, the firm provides comprehensive legal advice to businesses and clients operating in Vietnam. The firm has strong practices in project finance, domestic and cross-border transactions, regional investment and regulatory advice. It prides itself on its deep bench of practitioners, which includes renowned banking and corporate lawyer Mark Fraser.
Work highlights
Advised a syndicate of international lenders on the $2.75 billion financing of Vietnam's Nghi Son 2 1,200MW coal-fired power generation project. The ongoing mandate involves managing coal letter of credit arrangements with five local banks, implementing Vietnamese dong loan structures to mitigate foreign exchange risks and ensuring regulatory compliance under Vietnam's new Land Law 2024. This landmark build-operate-transfer (BOT) project has established key precedents for structuring complex security packages in Vietnam's evolving regulatory environment.
Key clients
Asian Development Bank, Credit Guarantee and Investment Facility, Smartnet Trading Service Company
Work highlights
Advised lenders on the $1.4 billion project financing of the Monsoon Wind Power Project, Asia's first cross-border renewable energy initiative between Laos and Vietnam. The 600MW wind-farm project will supply approximately 1,669.5 GWh annually to Vietnam's national grid through a 25-year power purchase agreement. This landmark transaction establishes a framework for future cross-border renewable energy projects in southeast Asia.
Advised lenders on the $160.5 million refinancing of Vietnam's 240MW Dau Tieng 2 Tay Ninh Solar Power Project, part of southeast Asia's largest solar complex. The transaction involved structuring complex security arrangements following corporate restructuring and implementing Libor transition mechanisms. This refinancing establishes important precedents for large-scale renewable energy projects in Vietnam, particularly regarding transition from legacy financing arrangements.
