This new book on project finance provides a practical 'how-to' guide to deal documentation and explanations of the legal and commercial rationale for the positions taken in these deals. Written by a team of experts from Freshfield Bruckhaus Deringer, the authors provide a clear jargon-free guide relevant to all parties in a deal.
Legal issues are analysed in the context of deal negotiation and contractual provisions that appear in actual project finance documentation in the UK and internationally, in particular covering New York. All perspectives of a typical transaction are covered including the negotiating standpoint of sponsors, funders, contractors, suppliers and service providers, and, where relevant, host governments. The authors provide sample contractual drafting in each chapter and where relevant, explanations as to how the drafting and law differs in common law and civil law jurisdictions.
The principles common to all project finance transactions are covered in the first section, while the second part considers aspects of project finance that are specific to each sector including extraction, electricity, transportation infrastructures, social infrastructures, defence, water and telecommunications industries.