Project finance

Project finance guidance:

The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on the information regarding public procurement in this...

Practice Note

Why are lenders concerned about environmental risk? The ever growing number of environmental laws has affected the way that lenders perceive environmental risk and has...

Practice Note

Lenders' risk exposure Lenders are increasingly concerned with environmental risk in their day to day secured lending businesses. All major UK banks now have to make, to...

Practice Note

The UK public procurement regime derives from EU procurement laws and is therefore impacted by Brexit. The EU public procurement framework consists of a package of...

Practice Note

The Public Private Partnership (PPP) models are a popular way for governments to involve private investment, expertise and risk in procuring infrastructure, with the...

Practice Note

This Practice Note looks at the change protocol (also known as the change mechanism) typically found in the Project Agreement relating to a PFI or PF2 (sometimes referred...

Practice Note

Comfort letters are encountered in finance transactions relatively often. They take different forms and it is important from both the lender's perspective and the...

Practice Note

This Practice Note considers the various Islamic or Shari’ah compliant structures typically seen in project financings and looks at the documentation involved in those...

Practice Note

Most projects are underpinned by a complex web of contractual relationships between all the parties involved in the project (eg the project company, equity investors,...

Practice Note

Competing security interests arise when more than one creditor has taken security over the same asset or group of assets. Determining the order of priority between those...

Practice Note

The demand for public infrastructure at a time when public purse strings are tight, coupled with a lack of public sector expertise in delivering complex facilities (such...

Practice Note

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

Practice Note

Registration can have an important effect on the priority of competing security interests. Broadly speaking, there are two different systems for registration of security...

Practice Note

What is a debenture? In the context of secured lending, the term 'debenture' means a form of security agreement that grants security interests over a broad...

Practice Note

This Practice Note considers the enforcement options available to lenders where they hold fixed security. In particular it covers: • the options available when taking...

Practice Note

Security over land can be taken by way of mortgage or charge with the appropriate form often depending on the significance of the land to the borrower's business or the...

Practice Note