EXECUTIVE PROGRAMME 2020

This course will explore the legal principles and contractual structures relating to international project financing of infrastructure and technology.

Project finance is a form of financing that is typically used in the development of projects and infrastructure requiring large amounts of capital. Usually funded on a non-recourse or limited recourse basis, funds are loaned not on the credit worthiness of the borrower (project company) at the time of funding but in anticipation of future revenue stream to be received.

The contractual structure includes numerous participants and contractual arrangements which detail how the project will be implemented and operated. The crucial task is a proper allocation of risk to the parties who are most capable of managing the specific risk.

Participants will be exposed to the perspectives of the various stakeholders (project sponsors, government authorities, lenders, subcontractors) in an infrastructure project, understand how to identify and mitigate risks (via legal tools) and to review various kinds of project documents from a bankability perspective.

The use of project financing in the context of development of technological and emerging digital infrastructure will also be examined.