This course is designed to help participants with a basic level of project finance knowledge progress to a higher level of understanding across the entire project finance transaction matrix, with a particular focus on the legal aspects.
Starting with a review of project documentation and bankability from the lenders’ perspective, participants are guided through the process of analysing risks and understanding the various mitigation strategies. There is a separate section dealing with construction phase risk and how the various legal issues are typically dealt with in practice.
The second half of the course looks at each of the key finance documents, identifying particular negotiation and drafting points and how project cashflows, financial covenants and control accounts are dealt with. The course also covers the security and Insurance aspects of project finance.
Participants’ knowledge is consolidated through a financial term sheet case study where participants play the role of adviser to lenders , responding to a sponsor-generated term sheet (these roles can be reversed).
On completion of the course, participants will be equipped with a clear understanding of:
- Project finance from a legal perspective and how to apply that theory in practice;
- Project documentation risk allocation & mitigation techniques;
- The drafting and negotiation of project finance documentation;
- Key negotiation and drafting points in finance documentation;
- The full picture of what a project finance transaction looks like in terms of documentation and risk allocation, including insurance and security aspects.
This course is run as a one day classroom tutorial or as two half day live webinar sessions and is led by Calvin Walker, who shares his knowledge gained from over 25 years’ experience at two major international law firms where he advised as lead partner on multiple international project finance transactions.