September 26, 2016
Latham & Watkins LLP1 is pleased to announce that Eli Katz has joined the firm in New York as a partner in the Tax and Finance Departments. Katz’s broad transactional practice focuses on project finance with an emphasis on tax structures for US renewable energy projects and a range of financings.
Recognized as among the leading renewable energy and clean technology lawyers in his field, Katz brings significant experience advising power developers, national banks and insurance companies, as well as private equity sponsors and infrastructure funds in the sale and purchase of renewable energy assets and companies. He has been particularly active in the development of many of the funding structures now commonly used in the distributed power market. Katz also has represented a number of clients before the IRS and Treasury on tax issues pertaining to energy tax credits, tax depreciation deductions, cash grants and related matters.
“Eli has led some of the largest and first-of-their kind transactions in the renewable energy sector, and we’re delighted to welcome him to the firm,” said Michèle Penzer, Office Managing Partner of Latham & Watkins in New York. “His deep understanding of tax equity financing structures and experience leading interdisciplinary teams of lawyers on transactions will bring tremendous value to Latham’s developer, sponsor and bank clients in the United States.”
Jiyeon Lee-Lim, Global Chair of Latham’s Tax Department, said: “Eli further strengthens Latham’s capability in the tax equity finance market as key stakeholders seek to take advantage of the recent extension of the US federal tax credits for renewable energy projects. The vast majority of renewable energy projects and platform companies have financed most of their recent transactions using a variety of tax equity financing structures, and the balance of their capital raising and strategic direction is often predicated on understanding and working with these financing arrangements. Eli brings deep technical and industry knowledge to clients navigating the rapidly evolving sector.”
Kelley Michael Gale, Global Chair of Latham’s Project Finance Practice, said: “The renewables sector continues to attract high levels of investment, and Eli is well-regarded for providing strategic legal and commercial advice to a wide-range of clients, including private equity firms that are increasingly looking to deploy capital in the space.”
“With a global platform of offices and deep roots in the financial community, Latham is uniquely situated to guide clients through all aspects of a project’s development, financing and operation,” Katz said. “I look forward to joining the firm’s vibrant tax and project finance practices and working alongside the firm’s talented lawyers.”
Katz joins Latham & Watkins from Chadbourne & Parke in New York. Previously, he served as vice president and tax counsel at GE Energy Financial Services. He received his JD from Fordham Law School in 1999, his LLM in Taxation from New York University School of Law in 2004, and a Bachelor of Science in Accounting from Touro College in 1996. Since 2011, Katz has lectured a class at the New York University School of Law on project finance and energy transactions, with a focus on non-recourse financings and the intersection of tax and energy policy.
About Latham & Watkins
Latham & Watkins is a global law firm with more than 2,200 lawyers in its offices located in Asia, Europe, the Middle East and the United States, including: Barcelona, Beijing, Boston, Brussels, Century City, Chicago, Dubai, Düsseldorf, Frankfurt, Hamburg, Hong Kong, Houston, London, Los Angeles, Madrid, Milan, Moscow, Munich, New Jersey, New York, Orange County, Paris, Riyadh, Rome, San Diego, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. For more information on Latham & Watkins, please visit the website at www.lw.com.
Notes to Editors
1Latham & Watkins operates as a limited liability partnership worldwide with affiliated limited liability partnerships conducting the practice in the United Kingdom, France and Italy and affiliated partnerships conducting the practice in Hong Kong, Japan and Singapore. Latham & Watkins practices in Saudi Arabia in association with the Law Office of Salman M. Al-Sudairi.
Michèle Penzer, New York Office Managing Partner, +1.212.906.1245
Jiyeon Lee-Lim, Tax Department Global Chair, +1.212.906.1298
Kelley Michael Gale, Project Finance Practice Global Chair, +1.858.523.5433