International commercial transactions and contract negotiations involving both inbound and outbound investment and advising U.S. and non-U.S. companies with respect to compliance obligations under U.S. trade and transactional regulations
Jamie Baker is Chair of the firmwide Global Projects Department of Baker Botts, and serves on the firm’s executive committee. Additionally, Mr. Baker serves as the firm’s international partner, responsible for the development and coordination of the firm’s international practice through its various offices.
Mr. Baker’s practice concentrates on both domestic and international commercial and trade-related matters and transactions. His transactional practice relates principally to the energy and natural resources and telecommunications and technology sectors of the economy and involves contract negotiation and documentation of investment vehicles, business combinations, divestitures and operations and various forms of corporate and project finance.
Mr. Baker’s clients include both foreign and domestic publicly traded and closely held companies and venture and private equity investment funds and partnerships and he regularly advises clients in both inbound and outbound international investments.
Mr. Baker’s representations have included transactions in the Arabian peninsula and North Africa, Central and East Asia, Europe and Russia, many of which have involved negotiations between private concerns and government agencies or state enterprises.
In addition to his transactional portfolio, Mr. Baker maintains an active practice advising U.S. and non-U.S. clients with respect to their compliance obligations under U.S. trade and transactional regulations, including U.S. sanctions programs, Patriot Act compliance, export controls, the Exon-Florio amendments to the Defense Production Act and the associated CFIUS review process, anti-boycott compliance and other U.S. laws affecting foreign investment.
From 1982 to 1985, prior to joining Baker Botts, Mr. Baker served as counsel to the U.S. Senate Majority Leader. He is currently co-chairman of the U.S.-Azerbaijan Chamber of Commerce and he serves on the advisory board of Blackstreet Capital Management, a Washington-based investment firm. He also serves as a member of the advisory board of the Baker Institute at Rice University in Houston, as well as on the Board of Trustees of Rumsey Hall School in Washington Depot, Connecticut and on the Board of Directors of the Theodore Roosevelt Conservation Partnership, a national conservation organization based in Washington, D.C.
- Ivanhoe Mines Ltd. – various aspects of its development of the $4.5 billion Oyu Tolgoi copper/gold mining project in the South Gobi region of Mongolia, including negotiation of a stability agreement with the government of Mongolia and advice concerning various investment treaty considerations
- Interros Holdings – advice to the $9.5 billion Moscow-based private investment firm in the creation of IST Capital Partners, a $2 billion private equity fund in which Interros was the anchor investor and in the subsequent creation of Altpoint Capital Partners
- East Mediterranean Gas JSC – development and construction of a subsea gas pipeline transporting natural gas from the Sinai peninsula in Egypt to Israel
- Hyundai Motor Company – representation in the siting and construction of its first U.S.-based production facility in Montgomery, Alabama, a factory that currently manufactures 300,000 vehicles per year
- Norilsk Nickel – representation of the Russian mining giant in its landmark acquisition of a controlling interest in Stillwater Mining, a U.S.-based publicly traded (NYSE) mining company, the first such acquisition by a Russian company
- Petrochemical Industries Company (K.S.C.), a subsidiary of Kuwait Petroleum Corporation - representation in its negotiations of a proposed multi-billion dollar joint venture with The Dow Chemical Company combining the two companies’ plastics businesses
- Ivanhoe Energy Inc. - advice relating to its development of heavy oil reserves in Ecuador and in respect of certain domestic litigation relating thereto
- PepsiCo, Inc. – negotiation of a dispute settlement involving the company’s decision to terminate its relationship with its local bottler in Saudi Arabia
- Aventis – successor to the merger of Rhone Poulenc and Hoechst and a major European pharmaceutical manufacturer – postmerger counsel in the divestment of various non-core businesses
- Azerbaijan International Operating Company (AIOC) – development of the BTC Pipeline transporting oil from the Caspian Sea at Baku to the Mediterranean port of Ceyhan, Turkey
- Silver Opportunity Partners, a member of the Electrum Group of companies- advice in respect of its acquisition of Sterling Mining Company in a Chapter 11 bankruptcy auction proceeding
- Smart Hydrogen Corp – advice in its U.S. regulatory clearances relating to a $250 million equity infusion into Plug Power Inc., a U.S.-based technology development company and producer of hydrogen fuel cells
- BGR Holdings– general corporate representation of the Washington-based government affairs and strategic advisory firm and its various affiliates
- Duncan MacNeill Group – representation of the British-Indian investment firm in joint venture negotiations with Australian-based oil and gas exploration company and in the subsequent listing of the latter on the Australian Stock Exchange
- Ministry of Energy and Water of the Republic of Lebanon – advice in the formulation, drafting and implementation of a legislative and regulatory framework for the exploration and development of domestic gas and oil reserves, both onshore and offshore
- U.S. chemical manufacturing company – advice regarding its efforts to license a patented process involving the national petrochemical company of a sanctioned country through the U.S. Office of Foreign Asset Controls (OFAC)
- Large U.S. casualty and liability insurance company – advice concerning its creation of an internal compliance program intended to ensure compliance with Patriot Act requirements and OFAC sanctions programs
Publications, Speeches and Presentations
- “The Middle East Power Sector: Poised for Growth,” Power Economics, January 2001 (R. Thomas Amis, co-author)
- “Oil and Gas Production Sharing Agreements,” Investment Guide to Azerbaijan, United States-Azerbaijan Chamber of Commerce, 1998 (Natik Mamedov, co-author)
Speeches and Presentations
- “Tax Legislation: The More Things Change...” Houston Estate and Financial Forum, Houston, January 2003
- “The New Great Game: Political Risk Management in Central Asia,” Harvard Asia Business Conference, Cambridge, Massachusetts, February 1999