JP Brisson, Qingyi Pan, Jim Lambert, Kelly Cataldo, Taylor López
January 24, 2026
Latham & Watkins Advises Mombak in Carbon Forward Purchase Agreement With Microsoft
1 min
AI-made summary
- On December 5, 2023, Brazilian carbon removal startup Mombak finalized a carbon forward purchase agreement with Microsoft
- Mombak focuses on generating carbon credits through large-scale reforestation of degraded Amazonian pastureland and establishing permanent legal preservation of these areas
- This agreement, along with a recently established US$100 million reforestation fund supported by major investors, will support Mombak's operational expansion
- Latham & Watkins LLP advised Mombak on the structuring and negotiation of the agreement.
Mombak, a Brazilian carbon removal startup, announced the close of a carbon forward purchase arrangement with Microsoft on December 5, 2023. Mombak was founded with the purpose of generating high-integrity carbon credits through large-scale reforestation of degraded Amazonian pastureland and setting up permanent legal preservation of the new forest land. Together with the recent formation of a US$100 million reforestation fund backed by the Rockefeller Foundation and the Canadian Pension Plan Investment Board, among other investors, this forward purchase arrangement will enable Mombak to expand its operations. Latham & Watkins LLP advised Mombak in the structuring, negotiation, and drafting of the agreement with Microsoft. The matter was led by New York partner JP Brisson, with Beijing associate Qingyi Pan and Washington, D.C. associate Jim Lambert. New York partner Kelly Cataldo and Houston associate Taylor López advised on financing matters.~~
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JP Brisson, Qingyi Pan, Jim Lambert, Kelly Cataldo, Taylor López
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