Miles L. Plaskett focuses his practice on corporate, municipal and project finance, with an emphasis on renewable energy, infrastructure and development projects in the U.S., the U.S. Virgin Islands, the Caribbean and Latin America. Mr. Plaskett represents corporate, municipal, utilities and private and sovereign investor and sponsor clients. He is also a member of the firm's Cuba Business Group.
Mr. Plaskett is a member of the American Bar Association and the National Association of Bond Lawyers. He is a 1988 graduate of Georgetown University Law Center and a graduate of Georgetown University.
Represented a public employee’s retirement system pension fund in connection with its existence as a corporate entity pursuant to Section 501(c)(25)(C) of the Internal Revenue Code and such entity’s ownership of a large upscale shopping mall in the State of Florida; advised regarding corporate governance issues, including the payment of dividends and appropriate corporate structure; advised and prepared documentation for the conversion of a Florida corporation to a Florida limited liability company.
- Counsel to major New York investment bank with regard to its underwriting of a $50 million bond financing deal for the Water and Power Authority of the U.S. Virgin Islands.
- Negotiated a PPA on behalf of the Virgin Islands Water and Power Authority for procurement of power from a cogeneration plant.
- Represented Goldman Sachs Lending Partners in a $700 million Senior Secured First Lien Term Loan Facility and $50 million Senior Secured First Lien Revolving Facility together with other security, credit, hedging and financing, resulting in an aggregate principal financing estimated to be $1.1 billion, with funding to be used to restart an oil refinery in the U.S. Virgin Islands.
- Negotiating PPAs on behalf of the Virgin Islands Water and Power Authority to procure electricity from two large-scale solar projects with two developers.
- Prepared and negotiated PPA on behalf of the Virgin Islands Water and Power Authority for procurement of electricity from a biofuel generating plant.
- Advised a large institutional investor in its $1.3 billion investment in Freeport LNG's $4 billion construction project to build the first two trains of its natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.
- Provided corporate and real estate advice on Texas law with respect to a $1.3 billion equity funding for proposed natural gas liquefaction and a LNG loading facility.
- Represented the City of Chicago as disclosure counsel in connection with the issuance of $833,420,000 City of Chicago General Obligation Bonds, Project and Refunding Series 2014A and 2014B. The proceeds of the bonds are being used to pay for capital projects, equipment and infrastructure improvements, and to refund and restructure existing debt. The offering is the largest general obligation bond offering ever by the City of Chicago. Wells Fargo Securities was the lead manager for the underwriting syndicate.
- Represented former NFL star and two other individuals as co-lead counsel in real property contract dispute in the federal district court in St. Thomas, USVI. Prevailed after a two-week jury trial (June-July 2009). The jury verdict was upheld by the United States Court of Appeals for the Third Circuit (December 2013).
- Counsel to a major New York investment bank with regard to its underwriting of $94 million in rum tax-based Virgin Islands Public Finance Authority Revenue bonds.
- Counsel to a Swiss investment bank with regard to its underwriting of approximately $220 million in gross receipts tax-based Virgin Islands Public Finance Authority Revenue Bonds.
- Counsel to a major New York investment bank with regard to its underwriting of approximately $460 million in rum tax-based Virgin Islands Public Finance Authority Revenue bonds.
Areas of Practice
- Corporate Law
- Municipal Finance
- Corporate Finance
- Commercial Finance
- Mergers and Acquisitions
- Private Equity/Venture Capital
- United States Virgin Islands
- Georgetown University Law Center, J.D., 1988
- Georgetown University, B.S., 1985
- American Bar Association
- National Association of Bond Lawyers
- Virgin Islands Bar Association
- Florida Bar
Honors and Awards
Named to Lawyers of Color's Inaugural Nation’s Best List, 2019
Listed in Chambers Global, 2018-2021
Recipient, Top Dealmaker of the Year Award, Daily Business Review, 2016
Recipient, American Lawyer, "Global Finance Deal of the Year in Project Finance," Global Legal Awards, New York, 2015
- Quoted, "Senate Wants More Time to Consider Bryan's Bill to Bail Out GERS," The St. Thomas Source, August 26, 2020
- Quoted in, "Which Caribbean Islands Have the Best Tax Rates for Vacation Homes?" Mansion Global, May 18, 2017
- Quoted in, "Duane Morris Team Leads $440M Loan for St. Croix Refinery Site," Daily Business Review, April 11, 2017
- Contributor, Duane Morris Puerto Rico, Cuba and the Caribbean Blog
- Co-author, "U.S. Financial Reform: Municipal Securities," Duane Morris Alert, August 24, 2010
Selected Speaking Engagements
- Speaker, "Negotiating a Financeable Power Purchase Agreement for Renewable Energy," CARILEC, Webinar, March 16-17, 2021
- Moderator, "Impact of COVID-19 on the Energy Industry: Preparing for the Aftermath," Caribbean Electric Utility Services Corporation (CARILAC), Webinar, May 7, 2020
Speaker, "The Business Dialogue," Rebuild, Rethink, Resilience: Lessons for Economic and Security Partnerships after the 2017 Hurricane Season, Washington, D.C., March 6, 2018
- Presenter, "Leveraging the Benefits of Project Finance in Public: Private Energy Projects," Caribbean Electric Utility Services Corporation (CARILEC) 2016 CEO's and Finance Conference, Grand Cayman, Cayman Islands, May 18, 2016
- Co-Presenter, "Resources Available to SME's for Doing Business with the Caribbean Basin," 36th Annual Conference on the Caribbean & Central America, New Orleans, Louisiana, November 29, 2012