Project Financing

The Course is designed to assist lawyers and students in understanding the legal and practical issues that arise in limited recourse and non-recourse based project financing. It introduces the project finance model and compares it to corporate balance sheet financing. The legal relationship between the Special Project Vehicle (SPV), the equity and the secured lenders is explained. The structure of the core financing and project documents will be examined along with the project finance risks that affect the key parties; the equity, the lenders, guarantors, contractor and operator. The collateral trust agreements, inter-creditor agreement and guarantees will also be discussed with illustrative clauses to highlight key structuring issues.

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