International project finance in a nutshell

The book provides a basic introduction to the legal and financial issues that arise at each stage of a project finance transaction. It contains a comprehensive overview of the concept of project finance and includes extensive coverage of the overall legal structure of a project and the key clauses in project and financial documents. It also has chapters on project preparation, procurement, sources of finance and other financial and credit support issues, restructuring, and investment dispute settlement. The Second Edition has been substantially revised and includes new chapters and material on: the application of project finance techniques to the funding of public-private partnerships, infrastructure, and the oil and gas sector; the impact of the 2008 financial crisis on project financing; offtake contracts; and recent dispute settlement developments. The book also features useful checklists for risk analysis, due diligence, concession and loan agreement terms, credit support, tax and accounting issues, and evaluation of sources of finance.

Overview of international project finance -- The role of lawyers in a project financing -- Risk identification and due diligence -- Project procurement -- Structuring and governing the sponsor's interest in the project -- Creating the overall structure of the project -- Overview of project documents -- Concession agreement -- Construction contract -- Operating agreements : (1) supply contract and (2) operation and maintenance contract -- Operating agreements : offtake/user contracts -- Elements of a finance plan -- Main sources of finance -- Host government and third party credit support -- Security over project assets -- Derivatives -- Overview of financial documentation -- Syndicated loans -- Structure and substantive clauses of syndicated loans -- Loan documentation : ancillary documents -- Intercreditor issues -- Renegotiation and restructuring -- Dispute settlement -- Infrastructure projects -- Oil, gas, and mining projects.