Karen Wong, Partner, Milbank, Tweed, Hadley & McCloy
Karen Wong is a partner in the Los Angeles office of Milbank, Tweed, Hadley & McCloy and a member of the firm’s Global Project Finance Group. A partner since 1996, Ms. Wong focuses on the representation of sponsors and financing parties in connection with the development, acquisition, financing and/or restructuring of energy and other infrastructure facilities in Asia and North America. In her over twenty-seven years of practice, she has led numerous development, financing and acquisition transactions involving generation assets (including large-scale coal, gas and LNG-fired cogeneration plants, as well as hydroelectric, wind, solar, geothermal, biomass, waste energy and other renewable energy facilities), transmission lines, and oil and gas pipelines. In addition to her specialty in the energy sectors, she has also worked on development and financing transactions involving satellites, telecommunications, technology companies, and real estate (including office buildings, hotels, stadiums, golf courses, amusement parks and other entertainment complexes). She has extensive experience in complex commercial and financial transactions and has participated in numerous project financings, restructurings, private placements, acquisitions and dispositions, as well as leveraged and synthetic leases, municipal finance transactions, aircraft financings, and monetization transactions.
Her recent representations include:
- representing the tax equity investors and lenders in the financing of renewable energy transactions (wind, solar and biomass)
- representing the sponsors of concentrating solar power projects receiving a loan guarantee under Section 1705 of the U.S. Department of Energy Loan Guarantee Program.
- representing the sponsors in the development of several coal gasification projects throughout the United States
- representing the sponsors in a mine-mouth lignite fired project in Lao People’s Democratic Republic
Ms. Wong was listed in the 2013 edition of Chambers USA for Projects, selected as one of the Daily Journal’s “Top 25 Clean Tech Lawyers” in California and also featured as one of the state’s “Top 75 Women Lawyers”. She is listed as a Leading Project Finance Lawyer in Guide to the World’s Leading Women in Business Law 2013, a Leading Project Finance Lawyer in World’s Leading Banking Finance and Transactional Lawyers 2013, Expert Guides, a Leading Project Finance Lawyer in the 2012 edition of Chambers USA for Projects and by IFLR 1000, is listed in The International Who’s Who of Business Lawyers, and has been recommended in PLC Which Lawyer? for banking and finance. She authored a chapter on “Overview of the Development and Financing of Renewable Energy Projects” in Energy and Environmental Project Finance Law and Taxation (Oxford University Press, 2010), and she co-authored the U.S. chapter in The Projects and Construction Law Review (Law Business Research Ltd, 2011).