Eversheds Sutherland hires Freshfields lawyer to co-lead project finance

A general view of London. Picture taken with a drone. REUTERS/Yann Tessier

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  • Alex Carver will be Eversheds’ global project finance co-chair
  • Several London-based finance partners have moved to new large law firms in March

(Reuters) – Anglo-American law firm Eversheds Sutherland said Thursday it has added a longtime Freshfields Bruckhaus Deringer partner to co-chair its global project finance practice.

A partner at UK-founded Freshfields since 2003, Alex Carver advises clients on infrastructure transactions including greenfield project financings and brownfield acquisitions, Eversheds said in a statement.

In greenfield financing, a company sets up its own facilities. In brownfield acquisitions, companies purchase or lease existing infrastructure.

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Carver’s clients have included German conglomerate Siemens, financial services group Macquarie and European infrastructure investor Infracapital, according to his bio on Freshfields’ website.

Carver’s online Freshfields bio also said in the past he represented VTB Capital, a subsidiary of Russian financial institution VTB Bank, on the Saint Petersburg Pulkovo Airport $1.8 billion public-private-partnership project in Russia.

VTB Bank and its subsidiaries have been put on U.S. and UK sanctions lists since Russia’s invasion of Ukraine.

When asked about VTB on Thursday, a Freshfields spokesperson cited a March 7…

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