NEWS

Paul Hastings Represents the Republic of Croatia on $900 million Motorway Financing

November 30, 2007

Paul Hastings Represents the Republic of Croatia on $900 million Motorway Financing

London (November 30, 2007) – Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm advised 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. The financing of the deal was provided by Royal Bank of Scotland, Socéité Général and Zagrebacka Bank. The lenders were advised by Allen & Overy. The transaction, which closed on November 30, 2007, is valued at approximately $900 million.

“The closing of the deal continues Croatia’s success in developing its motorway program and reaffirms its position as South Eastern Europe’s leader in PPP projects,” said Jonathan Simpson, Global Projects partner and Head of European Projects.

Simpson led the Paul Hastings team, which included 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.