Joseph A. Bevash is the Office Managing Partner of Latham & Watkins’ Seoul office and is based jointly in Seoul, Hong Kong, Singapore, and Tokyo. He is a member of the Finance Department.
Mr. Bevash has extensive experience representing lenders, underwriters, and owner/developers in connection with a wide variety of international projects, including many of the Asian region’s landmark power, gas, and petrochemical projects in Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Pakistan, Papua New Guinea, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
His experience includes structuring, negotiating, and documenting credit arrangements involving commercial banks and governmental agency lenders, as well as representations involving the issuance of debt securities pursuant to Rule 144A under the United States Securities Act of 1933.
Mr. Bevash is recognized by legal publications such as Chambers Global, Chambers Asia-Pacific, IFLR 1000, and The Legal 500 as one of the leading finance lawyers in the Asia region for project development and finance transactions.
In the most recent editions of Chambers Global and Chambers Asia-Pacific, Mr. Bevash was ranked in the top tier of leading individuals for Projects in Asia-Pacific, Indonesia, Japan, Laos, Thailand, and Vietnam, with the directory describing him as having “gravity of a major figure in the project finance sector, who has been in Asia for decades.” He has also been praised by clients as being “by far, one of the best in terms of project finance transactions. He is adept at finding solutions and providing solid advice to all the parties,” “very skilled in negotiations,” “able to work the discussion in a way that leads to resolution,” “incredibly supportive," and that “if it's a situation requiring brainpower or innovative thinking, I go to Joe.”
Mr. Bevash is listed as a leading individual for banking and finance, and construction projects, and energy in Japan, and is recommended for work in the Philippines by Legal 500 Asia-Pacific 2016. The guide notes that “Tokyo-based project finance expert Joseph Bevash has a strong track record in the Philippines” and also that he is the “key contact” for work in South Korea. Mr. Bevash is rated a leading lawyer by IFLR 1000 2016 for Japan, Singapore, and Hong Kong and is listed for banking, energy, and infrastructure, and project finance in energy and oil and gas.
In April 2011, Mr. Bevash received the Outstanding Contribution Award from Chambers & Partners which recognized his contribution to the development of the legal industry in Asia.
Mr. Bevash is qualified to practice before the California bar and in Hong Kong as a solicitor.
Mr. Bevash's recent experience includes representing:
- The export credit agencies and commercial bank lenders in the US$701 million project financing of the 98.4-MW Rantau Dedap Geothermal Power Project in South Sumatra, Indonesia.
- The export credit agencies and commercial bank lenders in the US$3.55 billion project financing of the 2x1,000 MW Tanjung Jati B 5 & 6 coal-fired power project expansion in Central Java, Indonesia.
- The export credit agencies and commercial bank lenders in the US$440 million project financing of the 80-MW Muara Laboh Geothermal Power Project in West Sumatra, Indonesia. This is one of the pioneer new generation geothermal projects being undertaken under the Fast Track 2 program, and first projects to successfully negotiate the new, agreed bankable form of government support under the Fast Track 2 program.
- The sponsors in connection with the US$1.74 billion financing for the development of the Cirebon coal-fired power plant expansion project in Indonesia.
- The export credit agencies and commercial banks on the US$7 billion project financing of the Cameron LNG project in the USA sponsored by Sempra Energy, GDF Suez, Nippon Yusen Kabushiki Kaisha, Mitsubishi Corp., and Mitsui & Co.
- The lenders in connection with the US$20 billion financing and development of the off-shore Ichthys LNG Project in Western Australia.
- The lenders in connection with a US$1.5 billion 18 year debt facility to finance the 1,240 megawatt Mong Duong 2 power plant project, the largest electric power project in Vietnam to date.
- The lenders in connection with the US$2.97 billion financing of the Hongsa Mine-Mouth power project located in Laos.
- Jurong Aromatics Corporation Pte. Ltd in connection with the US$2.63 billion financing of the Jurong Aromatics petrochemicals project in Singapore.
- Japan Bank for International Cooperation (JBIC) and the commercial bank lenders in connection with the US$1.215 billion financing of the Paiton 3 power project in Java, Indonesia.
- Lion Power Holdings consortium in the acquisition of Senoko Power Limited, Singapore's largest power generation company, from Temasek Holdings.