International Project Finance Law and Practice

Now in its fourth edition, International Project Finance is the definitive guide to legal and practical issues in international projects. It explores the application of English and New York law in cross-border documentation and financing projects in civil law jurisdictions.

The volume examines various funding sources, including banking, international bond documentation, and Islamic financing practices, addressing their legal and documentation challenges. It also provides insights into managing project defaults and workouts, and covers the roles of export credit agencies and development finance institutions, along with extensive dispute resolution strategies.

Beyond the basics of structuring and documenting project financings, it delves into sector-specific differences in energy transition, transportation, infrastructure/Public Private Partnerships, conventional, renewable, and nuclear power, mining, and oil and gas.

New chapters focus on environmental and social considerations in project finance transactions and the emerging energy transition sector. The new edition includes broader perspectives on project finance in civil code jurisdictions in the Middle East and Latin America.

This book offers a thorough understanding of international project finance, including practical guidance on identifying and assessing project risk, with relevant documentation like risk matrices and checklists. With its focus on international projects and practical application of the law, International Project Finance: Law and Practice is an essential reference for practitioners in the field.

John Dewar, Partner, Milbank LLP

John Dewar is a partner in the London office of Milbank LLP and a member of the firm's Project, Energy and Infrastructure Finance Group. His practice centres on project and structured finance transactions in Europe, Africa, the Middle East, and Asia. He has been recognised by Legal 500, International Financial Law Review, Chambers, Legal Experts, and Who's Who Legal as among the world's leading project finance lawyers. John has contributed to many articles which have appeared in publications such as the International Comparative Legal Guide, the International Financial Law Review, The Islamic Finance and Markets Law Review, and Getting the Deal Through.

1. Approaching Legal Issues in a Project Finance Transaction, John Dewar2. Project Participants and Structures, Aled Davies and Andrew Pendleton3. Sources of Funding, Munib Hussain and David Thomas4. Project Risks, John Dewar and Mai Mitsumori-Miller5. Allocation of Risks in Project Documentation, John Dewar, Alex Brightman, and Ignatius Quin6. Environmental and Social Issues in Project Finance, Matt Ahrens, Thomas Goslin, and Allison Sloto7. Insurance, Ian Catterall, Sean Jukes, and Yi Ming Chan8. Principal Loan Finance Documentation, Vicky May, Seyda Duman, and Chrisangelina Lo9. Official Funding Sources: Export Credit Agencies, Alec Borisoff, Andrew Pendleton, and Lewis Blundell10. Official Funding Sources: Multilateral and Other Development Finance Institutions, John Dewar, Harriet Ohemeng, and Abdullah Geelah11. Documentation of Project Bonds, Tim Peterson, Apostolos Gkoutzinis, and Rebecca Marques12. Islamic Project Finance, Munib Hussain and Noor Maraghi13. Ancillary Finance Documentation, Rachel Croft and Samuel Forsyth14. Project Finance in Civil Law Jurisdictions, Jean-Renaud Cazali, Ilhem Haouas, Noor Maraghi, and Walter Piazza15. International Projects - Sector Focus 15A. Energy Transition, Matthew Brown and Ishaï Wodon15B. Oil and Gas, Aled Davies and James Orme15C. Mining Projects, Alec Borisoff, Emily Whittaker, Séverine Losembe and Rachel Tay15D. Conventional Power, James Murray and Andrew Gibb15E. Renewable Energy, Allan Marks, Jenna Darler, and Christopher Esposito15F. Financing Nuclear Power Projects, Paul Murphy and Seyda Duman15G. Infrastructure/Public Private Partnerships, Allan Marks, Timothy Wendling, and Sean O'Neill16. Defaults and Workouts: Restructuring Project Financings, Kate Colman and Seyda Duman17. Dispute Resolution in Project Finance Transactions, Tom Canning, Viren Mascarenhas, Kamel Aitelaj, and Vasiliki Katsarou