Paul Hastings Leads the Way on Central and Eastern European Motorways PPP Projects

September 24, 2007

Paul Hastings Leads the Way on Central and Eastern European Motorways PPP Projects

London (September 24, 2007) – Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm is advising the governments of the Republic of Slovakia and the Republic of Croatia on a number of motorway project PPP deals. Combined, the transactions value approximately $6 billion.

Paul Hastings is currently advising on the following projects:

• Paul Hastings is advising the Republic of Croatia on the financing of Phase 2A of the Istrian Motorway PPP Project, and the refinancing of the existing debt for Phase 1 of the Istrian Motorway, valued at approximately $900 million.

• Paul Hastings is advising the Republic of Slovakia on the design, construction, financing, operation and maintenance of the Visnove to Ivachnova Motorway PPP Project, valued at approximately $2.6 billion.

• Paul Hastings is advising the Republic of Slovakia on the design, construction, financing, operation and maintenance of the Janovce to Svinia Motorway PPP Project, valued at approximately $780 million.

• Paul Hastings is advising the Republic of Slovakia on the design, construction, financing, operation and maintenance of the Hricovske Podhradie to Visnove Motorway PPP Project, valued at approximately $700 million.

• Paul Hastings is advising the Republic of Slovakia on the design, construction, financing, operation and maintenance of the Nitra to Hronsky Benadik Motorway PPP Project, valued at $700 million.

“Paul Hastings has built its reputation in Central and Eastern Europe as the ‘go-to’ firm in this area,” said John Hawkins, chair of the Global Projects Practice. “Our retention by the Republic of Croatia and the Republic of Slovakia to serve as adviser in these high profile projects indicates Paul Hastings recognition as a firm that delivers consistent excellence in the PPP arena.”

“Following on from our work for the Concessionaire in respect of the Trakia Motorway in Bulgaria, retention on these deals places Paul Hastings at the heart of PPP program development in Central and Eastern Europe,” said Jonathan Simpson, Global Projects partner and Head of European Projects.

Simpson is leading the Paul Hastings team, which includes associates Costanza Russo, Kirk Lovric and Gillian Richards.

About Paul Hastings Global Projects Group: The Paul Hastings Global Projects Group is internationally recognized for the breadth and depth of its project finance capabilities. With more than 25 years of experience, Paul Hastings has one of the most experienced teams of project lawyers in the world. In the last few years, the Global Projects Group has represented clients in more than $40 billion of project transactions globally.

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,200 attorneys in 18 offices. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in capital markets, finance and restructuring, intellectual property, international arbitration and dispute resolution, investment management, labor and employment, mergers and acquisitions, private equity, product liability, project finance, real estate, securities litigation and tax advisory services. For additional information, please visit our website at www.paulhastings.com.