Understand the intricacies involved in financing large-scale ventures through our specialised guidance designed for legal professionals. Stay abreast of the latest developments by mastering the detailed structuring, risk management, and regulatory demands essential for successful project finance. Tap into practical resources, expert opinions, and innovative strategies to proficiently advise clients and enhance project results in the Banking & Finance sector.
The International Swaps and Derivatives Association (ISDA) has launched the 2026 ISDA Emissions Transactions Definitions, introducing a natively...
The Association for Financial Markets in Europe (AFME) has published its European Securitisation Data Report for Q2 2026. The report shows that €60.5...
This week's edition of Banking and Finance weekly highlights includes: (1) our quarterly Sustainable Finance and ESG round-up; (2) MHCLG's plans to...
Banking & Finance analysis: This News Analysis provides a summary of the cases we have alerted in Banking & Finance for August and September 2026....
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX...
Types of debt securitiesWhat are debt securities?In the context of the debt capital markets, the term 'debt security' means a financial instrument,...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Project accounts and the accounts agreementIn a typical project finance transaction, the lenders rely heavily on the revenues generated by the project for repayment of the loan. As a result, project finance lenders will impose strict restrictions on how the project company uses its cash. This
Direct agreements in project finance transactionsWhat 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 direct rights in respect of a key project document (for the meaning of ‘project
Project finance—undertakings (covenants)Undertakings, or covenants as they are sometimes called, are promises given by the borrower(s) and any obligors to the lender (or finance parties in a syndicated facility) to perform or not perform certain actions. The borrower may also undertake to procure
Offtake contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships between all the parties involved in the project (eg the project company, equity investors, contractors, sub-contractors, offtakers and suppliers). These documents are
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