Project finance

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Practice notes
What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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9th Nov
Practice notes
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’...
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Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan
Practice notes
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...
Read More >
9th Nov
Practice notes
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...
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9th Nov
Practice notes
A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...
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Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan
Practice notes
In summary, a market disruption clause sets out how interest is calculated for a loan if a lender’s cost of funding the loan is in excess of London...
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9th Nov
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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9th Nov
Practice notes
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...
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9th Nov
Precedents
[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
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9th Nov
Practice notes
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
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9th Nov

Most recent Project finance content

Practice notes
This Practice Note considers the various Islamic or Shari’ah compliant structures typically seen in project financings and looks at the documentation...
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17th Jan
Practice notes
Projects involving the development of a new asset or facility (known as 'greenfield' projects) are generally split into two phases: construction and...
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17th Jan
Practice notes
For project finance lenders, understanding the financial health of a project is critical. In a typical project finance transaction, the project is the...
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17th Jan
Practice notes
Many of the usual events of default for a typical syndicated loan facility will also apply (in some form) to a project finance transaction. For...
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17th Jan
Practice notes
ARCHIVED: This Practice Note has been archived and is not updated. It is for background information only.IntroductionDespite its name, the provisions...
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17th Jan
Practice notes
The main finance parties in a typical project finance transaction are the same as those involved in any syndicated lending transaction, ie:•the...
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17th Jan
Practice notes
In a typical project finance transaction, the lenders rely heavily on the revenues generated by the project for repayment of the loan. As a result,...
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17th Jan
Practice notes
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...
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17th Jan
Practice notes
A typical project is underpinned by a complex web of contractual relationships between the parties involved in the project eg the project company,...
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17th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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17th Jan
Practice notes
Most projects are underpinned by a complex web of contractual relationships between all the parties involved in the project (eg the project company,...
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17th Jan
Practice notes
In a typical project finance transaction, the project company (ie the borrower) is a special purpose vehicle (SPV) set up specifically for the...
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17th Jan
Practice notes
Project finance is a flexible financing technique (see Practice Note: Introduction to project finance).It can be used to finance almost any asset as...
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17th Jan
Practice notes
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
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17th Jan
Practice notes
Public Private Partnerships (PPPs) continue to play a significant part in UK infrastructure provision, accounting for around 12% of public sector...
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Produced in partnership with Addleshaw Goddard 17th Jan
Practice notes
Brexit impact—public procurementThe UK public procurement regime derives from EU public procurement laws, and is therefore impacted by the UK’s...
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Produced in partnership with Walker Morris 16th Jan
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.It is an archived document setting out the timeline of reforms to the EU public...
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16th Jan
Practice notes
Lenders' risk exposureLenders are increasingly concerned with environmental risk in their day to day secured lending businesses. All major UK banks...
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Produced in partnership with Groundsure 15th Jan
Practice notes
Land contamination liabilitiesThe main types of liabilities associated with land contamination and water pollution are summarised in Table A.Table...
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Produced in partnership with ELM Law 15th Jan
Practice notes
Jurisdictions coveredThe following jurisdictions are covered in this report:Argentina; Brazil; China; Croatia; Denmark; Italy; Japan; Mozambique;...
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12th Jan

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