CESC has generated thermal power in India for 100 years. It is India's second largest private sector utility and Calcutta's sole power supply licensee.
CESC was advised by JP Morgan Chase (Hong Kong) and Morrison & Foerster (Hong Kong, Singapore, San Francisco and London). The Morrison & Foerster team included Jonathan H. Lemberg in San Francisco, Joseph A. Anderson and Rodrigo D. Floro, Jr in Singapore, and Neil Foster and Hamid Rashidmanesh in London. The Trustee was advised by Linklaters.
Neil Foster, an English partner based in the London office, comments: "We were delighted to have the opportunity to work with JP Morgan Chase and CESC on this major international finance deal. The transaction required teams in Asia, the U.S. and London. The firm has one of the largest presences of all the global firms in Asia as well as in the U.S. and this office has a growing presence in London. This deal was led by our Singapore, Hong Kong and San Francisco offices, but was substantially in English law and closed in London".