Home / Expertise / Project Finance & Structured Transactions
PROJECTS, PROCUREMENT & REAL ASSETS

Project Finance & Structured Transactions

Project finance requires the contract package and the financial model to tell the same story.

Project Finance & Structured Transactions — Ninety Two Chambers legal advisoryNINETY TWO CHAMBERS / CAPABILITIES

What the matter
actually requires.

Project finance requires the contract package and the financial model to tell the same story.

We examine the project vehicle, sponsor commitments, revenue arrangements, construction and operating risks, security package and lender controls. Conditions precedent and interfaces are considered with implementation in mind.

Our approach identifies who bears delay, payment and performance risk, and whether the documents permit the project to function when those risks materialise.

THE QUESTION WE HELP YOU ADDRESS
Are the financial commitments consistent with project risk?
RECOGNISING THE ISSUE

When the position
needs counsel.

These are examples of the issues on which clients may need a clear legal position before taking the next step.

  1. 01A project cannot reach financial close until risks and security are allocated among participants.
  2. 02Sponsor obligations, offtake terms or construction exposure affect bankability.
  3. 03The special-purpose vehicle needs a coherent set of financing and project agreements.
FOR THE INITIAL DISCUSSION

Bring the financial model, project contracts, ownership structure and lender term sheet.

ENQUIRE ABOUT THIS MATTER ↗
WHERE WE CAN ASSIST

What the instruction
may involve.

Every engagement is scoped to its own circumstances. Relevant work may include:

01Special-purpose vehicles and transaction structuring↗
02Term sheets, facilities and intercreditor arrangements↗
03Security packages, guarantees and covenants↗
04Risk allocation between sponsors, contractors and lenders↗
05Conditions precedent and financing implementation↗
NINETY TWO CHAMBERS / LEGAL INSIGHTS

Analysis and
perspectives.

Developments, decisions and questions of law relevant to project finance & structured transactions.

PROJECT FINANCE & STRUCTURED TRANSACTIONSINSIGHTS IN THIS PRACTICE