Project finance

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The Law Commission’s recommendations for updating for the Land Registration Act 2002—thoughts on the government response

The following Banking & Finance news provides comprehensive and up to date legal information on The Law Commission’s recommendations for updating for the Land Registration Act 2002—thoughts on the government response

FCA looks to challenge Amigo Loans’ restructuring plan

The following Banking & Finance news provides comprehensive and up to date legal information on FCA looks to challenge Amigo Loans’ restructuring plan

Banking and Finance weekly highlights—13 May 2021

The following Banking & Finance news provides comprehensive and up to date legal information on Banking and Finance weekly highlights—13 May 2021

SEC brought 75 crypto-related actions in 7.5 years

The following Banking & Finance news provides comprehensive and up to date legal information on SEC brought 75 crypto-related actions in 7.5 years

Featured Banking & Finance content

Commodity repo transactions and true sale considerations

Commodity repurchases (repos) are a common alternative method of financing. There are a number of advantages for both the financier and a commercial...

Guide to completing the ISDA Schedule

Coronavirus (COVID-19): This Practice Note contains information on subjects potentially impacted by the government and regulators' responses to the...

Shipbuilding contracts

This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...

Drafting or reviewing legal opinions in loan transactions

Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to...

Practice notes

Secondary debt trading—completing the trade confirmation

The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...

9th Nov

Practice notes

Instructing and managing local counsel

Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...

9th Nov

Practice notes

Increased costs

This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...

9th Nov

Practice notes

Crystallisation of floating charges

The key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the charged assets in the normal course of...

9th Nov

Practice notes

Introduction to fund finance—capital call facilities

What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...

Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan

Practice notes

Acquisition finance—ancillary facilities

On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will...

9th Nov

Practice notes

Synthetic securitisations

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

9th Nov

Practice notes

Direct agreements in project finance transactions

What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...

9th Nov

Sustainable Business Toolkit

Practice notes

ISDA definitions

The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and...

9th Nov

In-house

Practice notes

Incremental debt flexibility or accordion features

What are incremental facilities?An incremental facility is feature included in a credit agreement where, subject to meeting certain pre-agreed...

Produced in partnership with Osborne Clarke 12th Jan

Precedents

Real property mortgage: single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...

9th Nov

Practice notes

Foreign exchange (FX) derivatives

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

9th Nov

Practice notes

Loan Market Association (LMA)—news on documentation [Archived]

This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from...

9th Nov

Practice notes

Common financial covenants

This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing...

9th Nov

Practice notes

Term Loan B facilities

This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged...

Produced in partnership with Carlo de Vito Piscicelli of Cleary Gottlieb Steen & Hamilton 12th Jan

Practice notes

Sources of Shari'ah

IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal...

9th Nov

Most recent Project finance content

Practice notes

Operation and maintenance contracts—key issues for project finance lenders

Operation and maintenance contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships...

13th May

Practice notes

Offtake contracts—key issues for project finance lenders

Offtake contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships between all the...

13th May

Practice notes

Projects lawyers’ completion documents list—onshore wind farm and ground mounted solar projects—with document explanations

Projects lawyers’ completion documents list—onshore wind farm and ground mounted solar projects—with document explanationsIntroductionThis Practice...

13th May

Practice notes

Project financing and refinancing renewables projects supported by the Renewables Obligation (RO) scheme: key Facility Agreement provisions specific to this type of project

Project financing and refinancing renewables projects supported by the Renewables Obligation (RO) scheme: key Facility Agreement provisions specific...

Produced in partnership with Caroline Saul of Osborne Clarke 13th May

Practice notes

Build Operate Transfer (BOT) contracts

Build Operate Transfer (BOT) contractsThe Public Private Partnership (PPP) models are a popular way for governments to involve private investment,...

Produced in partnership with Victoria McGie 13th May

Practice notes

Liquidated damages in construction contracts

Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a...

13th May

In-house

Practice notes

Banking and finance—environmental due diligence and practical ways for lenders to mitigate environmental risks

Banking and finance—environmental due diligence and practical ways for lenders to mitigate environmental risksWhy are lenders concerned about...

12th May

Practice notes

Brexit—the implications for public procurement

The UK public procurement regime derives from EU procurement laws and is therefore impacted by Brexit. As of 31 January 2020 (exit day), the UK ceased...

10th May

Sustainable Business Toolkit

Brexit

Precedents

Notice of assignment of insurance policies and form of acknowledgement for an assignment by way of security: single company assignor—bilateral—specific monies

Notice of assignment[To be printed on the headed notepaper of the assignor]To: [insert name and address of the relevant insurer]Date: [•]Dear [insert...

10th May

Practice notes

Direct agreements in project finance transactions

What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...

4th May

Sustainable Business Toolkit

Practice notes

Green bonds

Green bonds are a natural source of financing for issuers who have a financing or refinancing requirement for a green project. There does not...

Produced in partnership with Jacqueline Heng of Norton Rose Fulbright 30th Apr

Sustainable Business Toolkit

Practice notes

Project finance—key project parties

The main project parties in a typical project finance transaction are:•the sponsor(s)•the project vehicle (referred to in this Practice Note as the...

30th Apr

Practice notes

Project finance—financial model and assumptions

Before embarking on a potential project, the proposed sponsor must prepare a 'feasibility study' to assess the project's viability. A feasibility...

30th Apr

Practice notes

Types of projects

Project finance is a flexible financing technique (see Practice Note: Introduction to project finance).It can be used to finance almost any asset as...

30th Apr

Practice notes

Project finance—meaning of completion and its effect

Projects involving the development of a new asset or facility (known as 'greenfield' projects) are generally split into two phases: construction and...

28th Apr

Practice notes

Getting the Deal Through: Debt Capital Markets 2021

Jurisdictions coveredThe following jurisdictions are covered in this report:Germany; Greece; Ireland; Japan; Luxembourg; Malta; Netherlands; Spain;...

28th Apr

Practice notes

Taking security over insurance policies

Rights under insurance policies are a type of contractual right.Lenders can take security over insurance policies by an assignment by way of security....

27th Apr

Practice notes