This Practice Note discusses the key project issues to consider in the context of medium scale (circa 30 megawatt) gas peaking electricity generating projects. As the title suggests, this Practice Note focuses on points likely to be relevant from a project financier’s perspective. However, this Practice Note also provides a useful general introduction to the key issues specific to gas peaking projects at a medium scale. It includes detailed introductions to gas project property issues, gas project planning issues, gas project grid connection issues, gas project operations and maintenance issues, and gas project power purchase issues.
This Practice Note introduces the medium scale (up to circa 20 megawatt electric) ‘gas peaking’ electricity generation projects becoming increasingly prevalent in Great Britain. It also explains the key subsidy/support mechanisms (such as the Capacity Market, balancing services, and embedded benefits) that are making such projects attractive to developers and suitable for project financing.
This Practice Note focuses on the pensions aspects of the City Code on Takeovers and Mergers and explains the pensions issues which arise on a transaction to which the Code applies.
This Practice Note examines the key terms of a typical facility agreement in pre-export finance (PXF). It considers provisions about the drawdown of the facility and its term, the production and regulation of the commodity being financed, the offtake contracts, the key information covenants, insurance covenants, debt service cover ratios and top-up clauses, the collection accounts and the standard documentation produced by the LMA for PXF transactions.
This Practice Note explains the structure of a typical pre-export finance (PXF) facility. It considers the role of the producer/exporter, the buyer/offtaker, the lender, trading companies, letter of credit banks and the key risks for the lender (production, payment, political and legal).
This Practice Note covers the key issues to consider when taking security in a typical pre-export finance (PXF) transaction. It covers security issues relating to the offtake contracts and taking security over the collection accounts.
This Practice Note considers key attributes of collective investment vehicles designed for investment in unlisted (or public to private) companies. It touches on tax considerations, structure and documentation, the life span of such funds, management fees and carried interest. It also considers relevant UK regulatory measures.
This Practice Note provides background reading on the relevant provisions in relation to the introduction of retail product distribution. How financial services providers and intermediaries distribute financial services products to the retail markets is a key focus of UK and European regulators, as consumer protection is a key regulatory theme in the aftermath of the severe financial crisis in 2008. SNR Denton explore the current and proposed rules on product design, governance, documentation, and advice in this heavily regulated sector. The Practice Note highlights forthcoming changes for specific product areas as a result of the implementation of European legislation. It focuses on the various conduct rules, guidance and high level principles published by the Financial Conduct Authority (FCA) as well as upcoming EU legislation that will impact on the distribution chain.
This Practice Note looks at the mechanism of set-off in the context of construction where it is often used, in building contracts and sub-contracts, to manage cash flow (by offsetting opposing financial claims). It examines the types of set-off (legal, equitable, insolvency and contractual), how set-off works in practice and the distinction with abatement. It also offers practical tips regarding set-of (and the exclusion of set-off) in construction contracts, and considers the effect of the HGCRA 1996 on the use of set-off.
This Practice Note provides guidance on Strategic Environmental Assessments (SEAs) under the Environmental Assessment of Plans and Programmes Regulations 2004 in England and Wales, which require a formal environmental assessment of certain plans and programmes. It covers: relevant law; when SEA is required; contents of the environmental report; alternatives; publicity and consultation for SEA; adoption of the plan or programme; and monitoring of environmental effects.
This Practice Note provides a snapshot of the key aspects of the EU Directive on the assessment of the effects of certain plans and programmes on the environment (the EU SEA Directive) and its implementation in England and Wales through the Environmental Assessment of Plans and Programmes Regulations 2004. It covers: mandatory assessment and discretionary assessment; excluded environmental impact assessment plans and programmes; the assessment procedure; and the review of the EU SEA Directive.
This Practice Note looks at the key considerations for an Obligor when deciding how to structure any sukuk issuance. It also examines the main documents used in each structure and highlights the differences between them, the key terms required in all sukuk transactions, as well as the recent trends and regulatory developments in the sukuk market
This Practice Note considers the main difference between conventional bond structures and sukuk issuances. It also provides an outline of the key types of sukuk structure and provides an analysis of factors affecting the historical growth of the sukuk market and recent market trends
This Overview provides a brief outline of the content in the ‘Outsourcing’ subtopic of Lexis®PSL Pensions, including key pensions issues in a private sector outsourcing (such TUPE and Beckmann issues) and an overview of TUPE for pension lawyers.
If you expected to see yourself on this page, click here.
0330 161 1234