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Tag Archives: Project Finance

Proposed Market Framework for Financing Small Nuclear Projects in the UK

By Beatrice Lo and Heeran Caselton The Expert Finance Working Group on Small Nuclear Reactors (EFWG), an independent group convened in January 2018 by the Department for Business, Energy & Industrial Strategy, recently published its report with recommendations for a market framework to enable the development of small nuclear projects in the UK with private … Continue Reading

Nuclear Sector Deal — Financing New UK Nuclear Power Projects

By Beatrice Lo and Heeran Caselton The UK government recently published its Nuclear Sector Deal (Sector Deal) as part of the UK’s modern industrial strategy. Recognising the sector’s strategic importance in delivering future energy security, the Sector Deal reconfirmed the government’s commitment to upgrading the UK’s nuclear infrastructure and support for new build nuclear projects. … Continue Reading

Penalty Clauses in Project Finance Transactions

By JP Sweny, Matthew Brown and Rachel Croft A number of recent English court decisions have recast the test for determining when a contractual provision may be unenforceable under English law as a “penalty clause”. The rule against penalty clauses is particularly important in project finance transactions, which typically involve a complex set of commercial … Continue Reading

The Rise of Sovereign Credit Rating Downgrades

By Rachel Croft What is a sovereign credit rating and why is it important? A sovereign credit rating is a country’s credit rating as determined by credit rating agencies at the request of that particular country. Credit rating agencies consider a number of factors when determining a country’s credit rating, including such country’s economic and … Continue Reading

Turkey: Amendments to PPP legislation on way

By Utku Kirklar The Republic of Turkey has been undergoing a largescale reform in the healthcare sector in the past decade, spearheaded by the Ministry of Health under its Health Transformation Program which was launched in 2003. The EUR 20 billion investment pipeline for construction of around 40 “integrated healthcare campus projects” through public private … Continue Reading
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