Profile

Le Net is the partner in charge of Singapore office of LNT & Partners. He is also in charge of financial services, infrastructure and arbitration practice group of the firm. In 2019 and early 2020, Net has been leading in a number of signature deals and cases, including: representing PetroVietnam in working with Nghi Son Refinery, acting for a number of subway construction projects in both Hanoi and Ho Chi Minh City, representing lender in a 8-bank syndication deal from China to Vietnam, representing Vingroup in a major M&A transaction, representing major renewable energy companies in wind power and solar power projects, winning an ICC construction arbitration case for Vietnam Expressway Corporation.

Net obtained LL.B from Warsaw University in 1996, LL.M from KU Leuven in 1997, Ph.D from London School of Economics in 2004.  He co-founded LNT & Partners in 2006.  He taught contracts at Ho Chi Minh City University of Law and published widely in Vietnam and abroad. He is a panel arbitrator at the Vietnam International Arbitration Centre (VIAC) where he has chaired or co-arbitrated many leading cases, and also a panel arbitrator at Singapore International Arbitration Centre (SIAC). Net a member of Chartered Institute of Arbitrators (CIArb) and a CEDR accredited mediator.

Memberships

Vietnam Bar Federation

Ho Chi Minh City Bar Association

Inter-Pacific Bar Association

International Bar Association

VIAC, SIAC

Chartered Institute of Arbitrators

InternationalChamber of Commerce

Education

Ph.D. in Law (London School ofEconomics, U.K.)

LL.M. (Katholieke UniversiteitLeuven, Belgium)

LL.B. (Warsaw University, Poland)

Language

Vietnamese

English

Polish

French

Work highlights

Banking & finance and energy sector work highlights

Acted as lead counsel for a bank in a project finance for an oil rig of PetroVietnam Drilling Overseas.

Advised Petro Vietnam on a USD 175 million syndicated loan agreement with Citibank (Hanoi) and Citibank (Tokyo). Form: LMA.

Advised PetroVietnam Technical Service Corp (PTSC) on a USD 56 million offshore loan from CGGV Veritas through Societe General. Form: bank’s form.

Advised China Construction Bank (HCMC Branch) on a USD 73 million syndicated loan for the development of Hailide’s USD 150 million fiber textile complex in Tay Ninh (Vietnam).

Advised Vietcombank on a USD 200 million loan with China Development Bank (Beijing). Form: LMA.

Advised Vietcombank on a USD 250 million loan and USD 1 million domestic loan to finance real estate projects within the territory of Vietnam.

Advised Vietcombank on a USD 65 million syndicated facility agreement with Mizuho (Tokyo), Credit Lyonais Agricole (Tokyo) and SMBC (Tokyo). Form: APLMA.

Advised Vietcombank on a USD 100 million syndicated facility agreement with Standard Chartered Bank (Vietnam) and Standard Chartered Bank (New York), using nostro account as collateral. Form: APLMA.

Acted as a counsel for SCB in a syndicated loan between SCB (Singapore), SCB (Hanoi) and SCB (Ho Chi Minh City) to finance Vietnam Singapore Industrial Park project.

Advised ANZ Singapore on a 25 million USD loan to Phu Thai Trading Corporation.

Advised PVPower on the equitsation of, and sale to a strategic investor of PetroVietnam’s shares in, PVPower.

Advised Bank of Tokyo Mitsubishi UFJ on ISDA with Vietinbank (interest risks).

Other work highlights

Advised PetroVietnam on the negotiation of an offtake agreement with Nghi Son Refinery and Petrochemical LLC (NSRP).

Advised PetroVietnam on the construction of a major power plant valued at USD 1.6 billion.

Advised PTSC on a thermal power plant construction contract with GEDI China.

Advised Kawasaki Heavy Industry in relation to the Uong Bi Expansion Plant.

Advised on Phu My 2.2 BOT Thermal Power Plant project.

Represented the client (the Respondent) in its first major arbitration before Vietnam International Arbitration Centre (VIAC) over construction contracts related to 7 disputes during the construction of an expressway project. The deal size is approximately USD 3.2m.

Represented the client before the ICC International Court of Arbitration in Singapore in relation to the dispute settlement under EPC Contract valued at USD 25m.

Represented the claimant in a dispute concerning a construction services contract for hydropower plants (USD 375m).

Updating informations, please come back later
Publications

2020, Financing PPP projects in Vietnam

2019, Acquisition Finance 2019

2019, Project Finance

Updating publications
Awards
Litigation Star - Benchmark
Elite practitioner for Corporate and M&A in Vietnam - Asialaw
Lawyer of the Year by Ministry of Justice 2012
Award of Merit from Vietnam Bar Federation 2018
Highly Recommended Lawyer from IFLR since 2011 to date
Highly Recommended Lawyer from Chambers since 2011 to date