In the News

Department of Energy Taps Haynes and Boone For Alternative Energy Finance Transactions

Haynes and Boone, LLP joins a select number of law firms that will represent the U.S. Department of Energy (DOE) in project finance and other transactions that support the development of alternative sources of energy.

“We are thrilled and honored that the DOE has approved Haynes and Boone to act as Project Transactional Counsel for its alternative energy loan guarantee transactions,” said Herbert A. Glaser, partner in Haynes and Boone’s Projects Practice and lead lawyer for the firm’s DOE representation. “This represents an opportunity to assist the nation in achieving greater energy independence while being involved in some of the most important and cutting-edge transactions likely to occur in the alternative energy field.” >>

Chambers USA Rankings Honor Haynes and Boone; Highlight Growing, Strategic Areas of Practice

Haynes and Boone, LLP was once again widely recognized by Chambers USA in its annual law firm rankings. A total of 34 firm lawyers in 19 separate areas of practice were designated by their clients and legal peers as being among the top lawyers in the nation.  The firm was also honored for having 16 separate areas of practice where the firm is a leader at the state and national level.  >>



Arthur A. Cohen

Partner

Washington, D.C.


1615 L Street, NW
Suite 800
Washington, District of Columbia 20036-5610
T +1 202.654.4559
F +1 202.654.4259

Houston


1 Houston Center
1221 McKinney, Suite 2100
Houston, Texas 77010
T +1 713.547.2000
F +1 713.547.2600

Areas of Practice

Education

  • J.D., Columbia University in the City of New York, 1979, Harlan Fiske Stone Scholar, Journal of Law and Social Problems
  • B.A., Yale University, 1976

Bar Admissions

  • District of Columbia
  • New York
  • New Jersey

Arthur A. Cohen is co-chair of the firm's Projects Practice Group and splits his time between the firm's Washington, D.C. and Houston offices. He has more than 25 years of experience doing complex corporate transactions, focusing on project financing, project development and mergers and acquisitions. He is a recognized leader in these fields and currently serves as Chair of the Project Finance Committee of the ABA's Business Law Section. From 2001-2007 he served on the Steering Committee (and in 2004/6 as Chair) of the District of Columbia Bar's Corporation, Finance and Securities Law Section. Mr. Cohen is also an adjunct professor at Georgetown Law Center, where he teaches a course on Project Finance.

Mr. Cohen's industry focus includes energy, electric power, sports facilities and other infrastructure. He has worked on all facets of project development, including shareholder and partnership agreements; construction contracts; power and steam sales contracts; operation and maintenance agreements; equity commitments and guarantees; and state support agreements. He has represented lenders, borrowers, purchasers and sellers in a wide variety of transactions, including acquisitions and divestitures, public offerings and other financings, and joint ventures and other strategic alliances. He has also represented both developers and lenders in restructuring troubled projects. Geographically, Mr. Cohen has structured and closed transactions throughout the U.S. and in Latin and South America, Asia and Europe.

Prior to joining Haynes and Boone, Mr. Cohen practiced law with Skadden Arps and was a Managing Director at GE Capital.

Selected Client Representations

  • InterOil Corporation as lead developer of an LNG liquefaction facility to be co-located with an oil refinery in Papua New Guinea, including establishment of a joint venture and related financing matters
  • A developer in connection with the project financing and development of a new oil refinery in Senegal
  • An environmental company in connection with the development and project financing of a chemical facility in Georgia
  • ConocoPhillips in connection with the auction-sale disposition of a chemical facility
  • ZVUE Corporation in connection with its acquisition of eBaum's World, a popular video website
  • KBC Bank in the restructuring and sale of the Wolf Hollow project in Texas
  • PPL Global in connection with the development and construction of its Shoreham and Edgewood power plants in Long Island, NY, and the sale of the output of such plants to the Long Island Power Authority
  • Bank of America in providing a $90 million credit facility to the San Antonio Spurs NBA basketball team, part of which was used to finance a new arena
  • Owners of the Minnesota Vikings NFL franchise in connection with the project-financed acquisition of the team
  • General Electric Company in connection with its participation in the Dabhol Power Project, a US$3.1 billion project financing of a power plant in the state of Maharashtra, India
  • Sellers and acquirers in various auction sale transactions
  • Nabors Industries Ltd. in many matters, including its reorganization into a Bermuda company
  • Bidders in an acquisition bid of almost $1 billion for three New York City power plants aggregating over 2,000 megawatts

Recent Speeches and Publications

Mr. Cohen is a frequent speaker and writer on project finance and other corporate topics.

Selected Representative Experience


Multi-Currency Financing - Mirant - Sale of Caribbean Assets
Represented Mirant Corporation in its divestiture of various Caribbean majority-owned and minority-owned power-related assets and operation.

Project Financing of Power Plant in the State of Maharashtra, India
Counsel to a developer, equity participant and equipment supplier in connection with its participation in a 2,100-MW, US$3.1 billion project financing of a power plant in the State of Maharashtra, India.

Sale of Vessels
Represented Nabors Industries, Ltd. in structuring the sale of oil and gas supply and support vessels, including drafting of the Private Placement Memorandum.

ZVUE Corporation - Acquisition of Assets of eBaum's World, Inc.
Represented ZVUE Corporation in its acquisition of eBaum’s World, Inc., including drafting of the asset purchase agreement and ancillary documents.

Acquisition of 432-Mile Gas Pipeline in Mexico
Lead counsel to acquiror of 432 mile gas pipeline in Mexico running through the States of Tabasco, Chiapas and Campeche and extending to the Yucatan Peninsula.

Power Plant in Quezon Province, the Philippines
Lead counsel to acquirer of 440-MW coal-fired power plant in Quezon Province, Republic of the Philippines.

Project-Financed Acquisition - National Football League Franchise
Counsel to acquirers of a National Football League (NFL) franchise in connection with the project-financed acquisition of the organization.

Represent Lender in Credit Facility to NBA Basketball Team
Represented Bank of America in providing a $90 million credit facility to the San Antonio Spurs NBA basketball team, part of which was used to finance a new arena.

Restructuring and Sale of Wolf Hollow Project
Represented KBC Bank in the restructuring and sale of the Wolf Hollow project in Texas.

Restructuring and Sale of International Energy Assets - Enron/Prisma
Advised Enron in the restructuring and sale of the Prisma international energy assets in 12 countries.

Representation of PPL Global - Development of Power Plants in NY
PPL Global in connection with the development and construction of its Shoreham and Edgewood power plants in Long Island, NY, and the sale of the output of such plants to the Long Island Power Authority.

$1 Billion Acquisition Bid - Three New York City Power Plants
Counsel to a bidder in a $1 billion acquisition bid for three dual fuel New York City power plants aggregating over 2,000 megawatts.

Memberships

  • The District of Columbia Bar
  • American Bar Association, Chair of Project Finance and Development Committee of the Section on Business Law

Online Publications

04/06/2009 - Public-Private Investment Program
On March 23, 2009 the Treasury Department, in conjunction with the Federal Deposit Insurance Corporation (“FDIC”) and the Board of Governors of the Federal Reserve System (the “Federal Reserve”), announced the creation of the Public-Private Investment Program (“PPIP”), which is designed to provide public support to catalyze the purchase and sale of legacy assets through Public-Private Investment Funds (“PPIF”).

02/12/2009 - SEC Mandates Interactive Data Financial Reporting
The Securities and Exchange Commission (SEC) issued rules that will require most public companies to file financial statements with the SEC in eXtensible Business Reporting Language (XBRL). Interactive data in XBRL format permits users of financial information to automatically download financial data directly into documents and analytical tools.