Since our publication of the Structuring a JV module in March 2020, the global covid-19 emergency and its fallout have presented a range of new challenges and considerations for large scale joint venture ("JV") projects in the infrastructure sector.
Adam Frith
General Counsel, Acciona Infrastructure Australia
The reality of all mega-infrastructure projects is that they are diverse and dynamic and faced with constant change. It is critical therefore, that the JV structure adopted has the flexibility to deal with this
In in the context of an ongoing global pandemic, getting the structure of a major infrastructure JV right has never been more important.
As markets face continued uncertainty over the impact of covid-19 , public and private investment in large-scale infrastructure continues to be a priority. Indeed, many governments are increasingly relying on large scale infrastructure projects to help offset against the adverse economic impacts of the pandemic.
While in many markets this presents an excellent opportunity, infrastructure JVs must now consider how ever-changing travel restrictions and health, safety and quarantine laws will affect their ability to deliver. This is especially the case for JVs involving international parties, where different rules and restrictions will apply, affecting projects and JV partners differently.
Having the flexibility to deal with this uncertainty within your JV is crucial. Without it, JVs may be exposed to significant losses, heightened dispute risk and even termination. However, properly structured, your JV should be well placed to benefit as significant opportunities come to market.
Adam Perl
Partner
The commercial success of an infrastructure JV will be strongly influenced by how it is originally structured"
Senior Associate (Lawyer Qualified in Australia (NSW))
Glen has a range of experience in litigation, arbitration and mediation within the construction and engineering industry.
Partner
Anne-Marie focuses on the provision of transactional legal advice to clients within the infrastructure sector.
Senior Associate
Christopher works cross-sector, advising national, regional and international private and publically listed companies, on their corporate transactions and company law. He specialises in domestic and international mergers and acquisitions, joint ventures, company restructurings, and company route-to-market issues in the UAE and wider GCC.
Partner
Borja is in the Madrid Corporate team, and has extensive local and international experience in M&A, private equity, as well as in general company law and governance matters on a variety of industries and sectors such as renewable energy, infrastructure, and Advanced Manufacturing ＆ Technology.
Partner
Claire is a projects partner with 17 years experience advising governments, developers, sponsors, and development finance institutions on infrastructure projects, PPPs and concessions throughout Africa across all sectors, with a specific focus on transport, healthcare, water and sanitation, solid waste, education facilities, public buildings and ICT/telecommunications.
Partner, Head of Middle East
Catherine is a member of the firm's global Board, and specialises in advising public and private sector organisations around the world on PFI and PPP transactions.
Lead Contributor
Adam Perl
Partner
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