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David Shasha is a partner in Gowlings’ London office, heading the firm’s Energy Infrastructure and Mining Group’s activities in Europe, the Middle East and Africa.
David has been practising as a commercial lawyer for over 30 years. During his career, he has advised on privatisations, mergers and acquisitions, international joint ventures and public and private offerings in the energy (oil & gas and power), mining, financial services and telecommunications sectors. His projects experience includes transactions in power, water, mining and infrastructure, in the UK and worldwide. Most of David’s work has involved advising on cross-border corporate transactions and project developments, often in emerging markets. He has particular expertise in Central and Eastern Europe, having worked on transactions in Bosnia, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Latvia, Poland, Romania, Serbia, Russia, the Slovak Republic and Ukraine.
Prior to joining Gowlings, David was for eight years a partner in the London office of a leading international law firm, where he specialised in corporate and project finance and was former head of its Energy & Infrastructure Sector. Prior to that, he spent almost 24 years (15 as a partner) at one of the world’s largest international law firms. He was responsible for the development of the firm’s activities in Central and Eastern Europe, including opening and managing its offices in Warsaw (1992), Budapest (1993) and Prague (1995).  • Privatisation, Zambia: Advised the Zambian Development Authority on the privatisation of ZAMTEL, the Zambian national telecom company.
• Wind Farms, Romania: Advised a Japanese power company on the sale of a portfolio of wind farms in Romania.
• Gas Distribution, Ukraine: Advised a Ukrainian corporate on the acquisition of minority stakes in five Ukrainian gas distribution companies.
• Solar Power, Italy: Advised a UK corporate on its proposed acquisition of a project company which owns and operates two solar power projects in Southern Italy.
• Power Plant, Holland: Advised one of the bidders in an auction sale of a Dutch power plant.
• Wind Farm, Turkey: Advised two financial investors on their investment into a wind farm project in Turkey.
• CHP Plant, Ukraine: Advised on the reconstruction of the Darnytsia combined heat and power plant in Kiev, Ukraine.
• CHP Plant , Hungary: Advised the banks financing the construction of a 110mw combined heat and power generation plant at Újpest, Hungary; and on the subsequent sale by one of the sponsors of its interest in the project.
• Industrial Power Plant Financing, Hungary: Advised the sponsors on the financing of the construction of the Borsodchem industrial power plant in Hungary.
• European Motorway Concessions: Advised an international bidder for an equity stake in a vehicle company holding motorway concessions in Portugal, Spain, Ireland and the UK.
• Airport Concession, UK: Advised the successful bidding consortium for a concession to operate London Luton Airport under a 30 year concession contract.
• Airport Investment, Hungary: Advised Aeroports de Montreal on their equity participation in the project company which constructed the new terminal at Budapest Ferihegy Airport.
• Gas and Electricity Distribution, Brazil: Advised a major international oil company on its bids for strategic stakes in gas and electricity distribution companies under the Brazilian privatisation programme, including its successful bid (in consortium with another international major) for the Sao Paulo gas distribution company Comgas for an aggregate consideration of US$1 billion.
• North Sea Gas: Advised a European utility on its bid for a strategic stake in a North Sea gas exploration and production company.
• Bank Acquisitions, Central Europe: Advised a leading European bank on its acquisition of majority stakes in banks in Hungary, Croatia, the Slovak Republic, Serbia and Bosnia & Herzegovina.
• Electricity Sector Privatisation, Ukraine: Advised a leading international utility on its bid for two electricity distribution companies during the privatisation of the Ukrainian electricity sector.
• Electricity Sector Privatisation, Hungary: Advised a consortium on its bid for a majority interest in three Hungarian electricity generating companies under the Hungarian privatisation programme.
• Electricity Sector Privatisation, Hungary: Advised a bidder for four Hungarian electricity distribution companies under the Hungarian privatisation programme.
• Gas Distribution Sector Privatisation, Hungary: Advised the Hungarian State Privatisation and Holding Company on the sale of five regional gas distribution companies to international investors for an aggregate consideration of $460 million.
• Postal Service Privatisation, Kosovo: Advised the Post and Telecommunications Company of Kosovo (“PTK”) on its corporatisation and restructuring in readiness for Privatisation, and on its bid to acquire an internet service provider.
• Bank Privatisation, Romania: Advised the Romanian Government on the privatisation of Banc Post. David has been a regular speaker at conferences and seminars on issues affecting the energy and infrastructure sector in Europe, the Middle East and Asia. |
