Tokyo – 10 September 2009 – LawFuel.com Legal Announcements – Orrick, Herrington & Sutcliffe LLP is advising Toyota Tsusho Corporation (“TTC”) and Chubu Electric Power Co., Inc. (“Chubu”) in a strategic partnership with affiliates of Sithe Global Power, LLC (“Sithe Global”).
TTC and Chubu, collectively, have acquired 50% ownership stakes in the Goreway Station, an 875MW natural gas-fueled combined cycle power generating facility that recently commenced commercial operation in Brampton, Ontario (“Goreway Station”). Goreway Station was originally owned by Sithe Global’s wholly owned affiliate, Goreway Luxembourg Holdings S. ar. L. (“Goreway Luxco”), through TTC’s wholly-owned subsidiary, Tsusho Goreway Netherlands B.V. and Chubu’s wholly-owned subsidiary, Chubu Electric Power Goreway B.V.
TTC is Toyota Motor Group’s trading arm and the sixth-largest trading company in Japan. Chubu is Japan’s third-largest electric power company in generation capacity, electric energy sold, operating revenues and total assets. Orrick, Herrington & Sutcliffe LLP is a global law firm with more than 1,100 lawyers in 21 offices in North America, Europe and Asia.
The Orrick team was led by partner Yoichi Katayama and included of counsels Michelle Conde and Minako Wakabayashi and associate Aleksey L. Selipanov.
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About Orrick
Orrick, Herrington & Sutcliffe LLP is a global law firm with more than 1,100 lawyers in 21 offices in North America, Europe and Asia. The firm focuses on litigation, complex and novel finance and innovative corporate transactions. Orrick’s clients include Fortune 100 companies, major industrial and financial corporations, commercial and investment banks, high-growth companies, governmental entities, start-ups and individuals.
With U.S., Japanese and Russian law capabilities, Orrick’s Tokyo team has advised on many of Japan’s most complex and pioneering domestic and cross-border transactions. Orrick’s Tokyo office continues to expand its areas of practice and to provide high quality legal services to global and local clients.
Orrick’s Tokyo Global Finance team, led by Yoichi Katayama, has a strong commitment to renewable energy projects and over the last decade has advised clients in Japan and across Asia, the U.S. and Europe on many of the world’s largest and most pioneering renewable energy projects.
