Find Lawyers in Barcelona, Spain for Project Finance and Development Practice
Practice Area Overview
In Spain, project finance came about due to certain constraints in the public sector which hinder public entities from financing the majority of their projects (in particular, public works and public service management concession contracts involving different sectors such as telecommunications, energy, transportation, and other infrastructure industries). The need for high debt and capital together with the risks allocated in each phase of these projects is supported by lenders.
Project financing is currently the financial alternative preferred by the private sector because of its off balance sheet treatment and nonrecourse status. Project financing enables investors to use their retained earnings to finance the construction and development of projects and reduce credit risks by means of a structure which does not entail any obligation to guarantee repayment if the project’s revenues are not sufficient enough to cover this debt.
Lawyers who practice in this area play a very important role due to the number and variety of tasks that they carry out. Their advice is essential for developing a global structure which ensures reliable project revenue expectations in accordance with the financial models used.
Project finance lawyers have extensive expertise in dealing with all the parties to the transaction which include sponsors, lenders, equity investors, construction contractors, operators, insurers, technology owners, suppliers, output purchasers and governmental bodies.
Legal advice focuses on all aspects of the project, including laws and regulations, licenses, drafting, and negotiation of contracts entered into by each party (for example, construction agreements, operation and maintenance agreements, insurances agreements, facility agreements, guarantees and securities), bankruptcy, and tax matters.
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Practice areas: Corporate/M&A, Private Equity José María de Paz specialises in M&A for listed and unlisted companies, joint ventures and the development of projects for utilities (water, waste, telecoms and energy) both in Spain and abroad. José María joined Pérez-Llorca as partner in 2015. Previously he held the position of legal director at Agbar for nine years. Law degree (1991) and Doctorate in Law (1998), Universidad de Zaragoza. LL.M. (Harvard ...
Practice Areas Corporate/M&A. Specialises in M&A, private equity and financing transactions for both Spanish and international companies. Marcel Enrich joined Pérez-Llorca in 2020. Prior to joining the firm, he was a partner in the Barcelona office of an international law firm. With more than 20 years of experience in the sector, Marcel has advised on mergers and acquisitions, venture capital and financing operations for companies and other entities both nationally and internat...
Gerard joined Pérez-Llorca in 1995 and is currently head of our Barcelona office. He specialises in providing advice to both national and international clients on all real estate transactions, particularly property projects, including shopping centres, apartment blocks, office complexes and hotels. Practice areas: Real Estate, Corporate law, M&A
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