Noteworthy Work
K&L Gates Advises LS Cable & System on Landmark US$689 Million Virginia Manufacturing Investment
Global law firm K&L Gates LLP advised LS Cable & System on its US$689 million investment in Chesapeake, Virginia, a project expected to create more than 430 jobs and strengthen critical US manufacturing and supply chains. The new LS Advanced Materials Manufacturing Complex will establish US-based production of copper rod, magnet wire, and rare-earth magnets, support energy, defense, and advanced manufacturing supply chains while reinforcing Virginia's position as a hub for innovation and industrial growth.
Building on the firm’s work for the previously announced LS GreenLink USA project, K&L Gates counseled LS Cable & System on site selection, real estate acquisition, incentives, due diligence, environmental matters, and corporate issues for its new project known as the LS Advanced Materials Manufacturing Complex. Together, the two projects represent approximately US$1.4 billion in investment and 760 new jobs, creating the largest project ever in the Hampton Roads region.
The K&L Gates team, which was based in Washington, DC, was led by partner Olivia Byrne and associate Brittany Skibowski Alder, whose combined experience in economic development, real estate, economic incentives, environmental, permitting, zoning, and corporate matters supported the transaction.
Patrick Shim, Managing Director of LS Cable & System, noted: “We are excited to have the new 86-acre site under contract for our second major investment in the Commonwealth of Virginia. Many thanks to our advisors, Olivia Byrne and Brittany Skibowski at K&L Gates for their work on this transaction.”
Byrne stated: “Under the strong leadership of Patrick Shim, we are honored to be working on such an important project from Korea that will strengthen the US supply chain. This investment reflects the growing importance of advanced manufacturing to US economic security, and we are proud to support LS Cable & System as it brings this transformative project to Virginia.”
K&L Gates is a globally integrated law firm trusted by sophisticated clients to deliver market leading legal counsel across jurisdictions and industries. Operating as one firm worldwide, K&L Gates combines deep local insight with seamless global coordination to address clients’ most complex legal and business challenges. Guided by a relentless focus on client service, the firm delivers practical, high impact solutions with consistency, efficiency, and a clear emphasis on results.
