Project Finance: A Legal Guide, 4th Edition

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Project Finance: A Legal Guide, 4th Edition

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Negotiating the rapidly changing markets of projects, energy and infrastructure requires extensive knowledge of all issues involved? Project Finance can help.

Guiding you through the legal and commercial issues involved, Project Finance explains current market practice in the increasingly important project, energy and infrastructure market and how various techniques are used and adapted in different sectors.

With significant changes in the global economy over the eight years since the last edition published, project development and the funding of infrastructure and energy assets and businesses have quickly evolved. The new edition helps you stay up-to-date with detailed coverage of the changing nature of the industry.

The New 4th edition:-
- Recognises the expansion of projects beyond their power and energy roots, covering the infrastructure market in depth
- Charts the rise of independent financial equity in the projects, energy and infrastructure sectors (whether private funds, specialist infrastructure or energy funds, pension funds or sovereign-controlled funds) and its effects
- Describes the rise (and in some places fall) of nuclear power, policy-driven investment in diverse renewable sources of power, the development of increasingly larger LNG projects and the continued evolution of the IPP model using traditional thermal fuel sources
- Includes new sections dealing with the importance of investment treaties and supporting public international law in the making of an investment or lending decision and the critical role of export credit agencies, multi-lateral agencies and DFIs, including an update covering important proposed changes to the Equator Principles
- Explains the impact of regulatory change in the bank markets on the project finance bank market
Introduction
1. The Parties Objectives
2. Runnng a Competition
3. Structuring the Bid
4. Types of Vehicle
5. The Contractual Framework
6. Bankability
7. The Principal Finance Documents
8. Negotiating Finance Documents
9. Ratios and Accounts
10. Project Bonds
11. Sponsor Support, Security and Related Issues
12. Projects in Trouble
13. Insurance Issues
14. Export Credit and Multilateral Agencies
15. Environmental Issues
16. State Aid
17. Public International Law and Projects
18. Cross-border Pipeline Projects
19. Upstream Oil & Gas and Projects
20. LNG Projects
21. Public-Private Partnerships
22. Infrastructure
23. Nuclear Power
Graham Vinter
Author of previous editions, Graham Vinter joined BG Group Plc as General Counsel in November 2007. He has responsibility for the legal affairs of the Group. Prior to becoming General Counsel, he spent 27 years with the international law firm, Allen & Overy LLP. He was a partner there for just under 20 years and was Global Head of Projects from 1996-2007. His experience includes advising on energy and infrastructure transactions in Europe, the Middle East, Asia and elsewhere.

Gareth Price
Co-author of the 3rd edition, Gareth Price is the Global Head of Projects and Global Co-Head of Energy at Allen & Overy LLP. He represents government, borrowers third-party equity investors, commercial lenders, ECAs, MLAs, DFIs and bond lead managers on all aspects of their development of and investments in energy and infrastructure assets around the world.

David Lee
David Lee is the Joint Global Head of Infrastructure at Allen & Overy LLP. He has been a partner there for 15 yeard and has participated in many of the market developments and helped shape some of them (including in his time at the Treasury Taskforce in the 1990s, developing the PPP model). He represents governments, investors and financiers on all aspects of infrastructure projects, including their development and financing and on the financing of the acquisition of infrastructure assets.