The Law and Business of International Project Finance: A Resource for Governments, Sponsors, Lawyers, and Project Participants
Cambridge University Press
Edition: 3, 12/20/2007
EAN 9780521708784, ISBN10: 0521708788
Paperback, 524 pages, 25.4 x 17.8 x 3 cm
Language: English
This 2007 third edition continues to be a comprehensive and authoritative guide to the business, practice, law, and practical use of project finance. It covers the complete project finance structure, from conception to negotiation to debt closing, and from project difficulties to successful restructuring. The book continues to be accessible to those with little experience in project finance, while maintaining the insight and detail of previous editions that has made it a valuable reference for the experienced lawyer, manager, banker, contractor, and government official. This edition focuses on a real-world, practical approach to project finance, without the overuse of case studies and economic theory. Yet the contract forms, detailed glossary, index, and project finance bibliography make it a complete text.
Part I. An Introduction to Project Finance
1. An introduction to project finance
Part II. Risk Identification, Allocation, and Mitigation
2. Project finance risks
3. Project finance cross-border risks
4. Project finance commercial risks
Part III. Project Finance Structures
5. Project finance participants and their roles
6. Project finance structures
7. Selecting the project finance ownership structure
Part IV. Technical, Political, and Economic Feasibility
8. The feasibility study and needs assessment
9. Host country business environment for project finance
10. Economic feasibility
11. Environmental regulation and environmental feasibility of the project
Part V. Project Finance Documentation
12. An overview of project documentation
13. Representations and warranties in project finance credit agreements and contracts
14. Preliminary host country agreements
15. Construction contracts
16. Input contracts
17. Operation and maintenance agreements
18. Project finance off-take sales contracts
19. Power sales agreements
Part VI. Credit Enhancement
20. Project finance credit enhancement
Part VII. Debt and Equity Financing
21. Financing sources for the project
22. The offering memorandum
23. Project finance debt commitment letters
24. Credit and related documentation for project finance transactions
25. Export credits documentation for project finance transactions
Part VIII. Collateral
26. Project collateral
Part IX. Project Sponsor and Investor Agreements
27. Governing the project company
stockholder, partnership, joint venture, and management agreements
Part X. Special Topics in Project Finance
28. Bankruptcy
29. United States laws affecting foreign investments
30. Local lawyers and overview of local laws
31. Dispute resolution in project finance transactions
32. Multilateral agency prohibitions on anticompetitive activity
33. Merchant facilities
project finance without contractually-assured revenue flows
Selected bibliography
Glossary of project finance terms
Checklist of due diligence considerations for project financing.