Cleary Gottlieb has a long and successful history of structuring and implementing major privatizations of state-owned enterprises, often having designed innovative solutions to issues posed by the overlapping jurisdiction of multiple legal systems.
Our lawyers advise sovereign governments, private sector bidders, financial advisers or underwriters when state-owned enterprises change hands or undergo other structural transformations. We understand, anticipate and react to the business challenges our clients face as a result of rapidly changing trends in global economics, international politics and even world history, so that they can simply focus on achieving their desired result.
We have represented clients in privatizations that have involved virtually every type of state-owned enterprise, including airlines, port facilities, automobile manufacturers, banks and other providers of financial services, as well as electric power, oil, gas, paper, steel, telecommunications and utility companies, and their related infrastructure.
Our lawyers have drafted privatization laws, structured deals, developed ground-breaking multi-jurisdictional disclosure models, designed sophisticated governance mechanisms and negotiated the terms and conditions of dozens of privatization transactions. We have helped clients obtain financing from international bank syndicates and the capital markets and have a deep understanding of what is at stake for countries, businesses and other participants in the privatization process.