Paul’s practice focuses on multiple aspects of the nuclear industry – from legal and policy matters, including international regulatory and treaty frameworks and issues regarding nuclear liability, to strategies for developing and financing nuclear power programs and the identification and mitigation of associated risks – representing developers/owners, lenders, investors, and contractors on nuclear projects internationally. He is recognized as an expert in the development and financing of nuclear power programs by the International Atomic Energy Agency (IAEA), the OECD’s Nuclear Energy Agency (NEA), the International Framework for Nuclear Energy Cooperation (IFNEC), and the U.S. government.
He has served as a designated expert, chairman, and author at several special meetings and for multiple working groups of the IAEA, primarily involving the development, financing, and structuring of nuclear power projects.Paul is a four-time appointee to the U.S. Secretary of Commerce’s Civilian Nuclear Trade Advisory Committee. Paul is also a member of ASME’s Technology Advisory Panel for Clean Energy. He has been recognized in 2013, 2014, and 2015 in the publication, Who’s Who Legal: Energy, and he was selected to author industry commentaries for all three issues.
In addition, Paul served as the U.S. Government’s sole representative on an NEA working group called “Financing of Nuclear Power Plants,” acting as chairman for the working group. Paul also chaired the IAEA working group titled “Issues to Improve the Prospects of Financing Nuclear Power Projects.” Paul has also worked with the Nuclear Energy Institute, the U.S. State Department, the US Mission to the OECD, and the Export-Import Bank of the United States on revisions to the OECD’s Guidelines for the financing of nuclear power projects by Export Credit Agencies.
For eight years, Paul has served as a faculty member for the “Training Course on Nuclear Power Infrastructure Programs and Related Projects in Emerging Nuclear States,” held on behalf of the U.S. State Department and the IAEA at the Argonne National Laboratory. Paul has served as the lead instructor for the segments on financing and the bidding / evaluation process for nuclear power projects. In addition, for the last three years, Paul served as the lead organizer and a faculty member for the “Interregional Training Course on Legal and Financial Issues for a Decision in Countries Introducing or Expanding Nuclear Power,” held on behalf of the U.S. State Department and the IAEA at the Argonnne National Laboratory.
Some of Paul’s work includes acting as counsel to the following clients:
- Advised multiple export credit agencies and potential commercial banks in a multi-unit financing for a nuclear power project (Barakah Nuclear Power Project / UAE).
- Advised K.A.CARE in the structuring of its nuclear holding company, which will be responsible for the development of a multi-unit, multi-site nuclear power program; advisory work included entity structuring, nuclear liability, procurement, program economics, financing, local industrial development, and foreign investment into the program. Additional work has included the review of the Kingdom’s draft laws for nuclear liability and the establishment of the national nuclear regulatory authority (Saudi Arabian nuclear power program).
- Advising a multi-party, multi-national project company for the development, construction, financing, and operation of a four-unit nuclear power project. The scope of the representation includes advisory work in the following areas: entity structuring and corporate form, nuclear liability, project documentation, program economics, financing, tax structuring, assistance with feasibility study, competition clearances, regulatory advice, and government negotiations (Sinop Nuclear Power Project / Turkey).
- Advising Rosatom on project documentation for the four unit El-Dabaa Nuclear Power Project in Egypt.
- Advising an export credit agency on the financing for one of the new build nuclear power projects in the United Kingdom.
Advising multiple developers of small modular reactors and advanced reactors in the United States and Canada.