Assignment of receivables, account controls and direct agreements in project financing
Security creation, perfection, assignability and concession consent limits govern.
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Project Finance & Structured Transactions
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EPC Interface Risk and Completion Support in Project Financing
Lenders assessing a project may be satisfied with its revenue agreement and still face a serious gap if construction responsibility is divided between several contractors.
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Conditions Precedent in Project Finance: Why Documents Delay Drawdown
A project can reach financial close in principle yet be unable to draw funds because a consent, security document or completion certificate is missing. Conditions precedent control the lender's exposure before disbursement, but poor drafting can turn them into an indefinite financing.
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Ring-Fencing Project SPVs: Debt, Cash Flows and Sponsor Exposure
A special purpose vehicle can isolate project obligations only to the extent that its legal arrangements and actual conduct maintain that separation. The existence of a separate company does not, by itself, prevent cross-defaults, sponsor guarantees or diversion of project cash into unrelated.
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Bankability of Public Projects: Step-In Rights and Termination Compensation
A public infrastructure project may have attractive projected revenues and still be unfinanceable because lenders cannot protect the cash flows or recover value after a prolonged default. Bankability is determined by the allocation of risks and the enforceable rights available when the project.
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