Lenders Advisory Services
We provide advisory services for projects anywhere in the world that are financed on a limited recourse basis. We include projects under a private finance (PFI) and public private partnership (PPP).
Who is it for?
We provide this service to banks, bond providers, export credit agencies and other lenders or guarantors. We have provided the service internationally for power, telecommunications and other infrastructure projects such as toll roads and tunnels. In the United Kingdom, our projects typically comprise schools, hospitals and defence-related projects.
What advisory services do we provide?
Our services can be divided into two categories: project risk assessment and supervision; and compliance.
Project risk assessment
Our risk assessment services include a full review of the project documentation and underwriting information and a full assessment of the risk to which the project is exposed. We assist in developing appropriate insurance and risk language, including a schedule of minimum insurance requirements, for incorporation into the project contracts (the project agreement, the loan and the security documentation).
Supervision and compliance
At the outset, we establish a dialogue with the project company's insurance adviser, liaising with the legal and technical advisers to the lenders and where appropriate, with the project company.
We also review and supervise the development of the project company's insurance proposals and provide confirmation that the project insurance's comply with the requirements of the project agreement, the construction contract, any other relevant contracts and the loan and security documents.
What are the benefits?
By focusing on important and relevant issues for lenders, we can assist in the timely achievement of financial close for a project. Our advice assures lenders that the project company's insurance is of a high quality. Our particular expertise with project finance, PFI and PPP projects has allowed us to develop good working relationships with lenders, major law firms and other advisers.
