An essential element of project financing is that the lender’s recourse is primarily limited to the project assets and revenues. This requires rigorous analysis and allocation of risks, which itself requires a thorough understanding of the legal structures and funding options involved.
We understand the issues involved and how these can be addressed most efficiently. Our projects, resources and infrastructure practice draws on members from a number of practice groups across the firm. Members of our banking and finance, property, construction, commercial and tax teams provide sponsors, financiers and other clients with a multi-disciplinary approach to the delivery of legal services across a broad range of projects.
Our team has acted for government agencies, lenders and sponsors on key infrastructure projects including the electricity industry privatisations in Victoria and South Australia, the privatisation of ports in Queensland and South Australia and infrastructure projects such as CityLink and the redevelopment of Spencer Street Station.
In the resources sector we have acted for borrowers and lenders on transactions within the oil, gas, coal and gold industries. Our understanding of the legal, structural and regulatory drivers enables us to provide targeted advice on issues such as limited recourse financing, tax effective borrowing and partnership and joint venture structures.
Our team regularly acts for superannuation funds involved in investing in alternative asset classes, such as infrastructure, resources and large scale developments.
We are experienced in dealing with the complexity and multi-party nature of these transactions, including in documenting and negotiating complex intercreditor arrangements, dealing with consents and approvals from government agencies, undertaking due diligence and dealing with cross border issues.