In addition to the uncertainty surrounding the viability of certain publicly-funded projects, there is also concern around the ability of Portugal’s existing project finance regulation to cope with many of the issues now being raised as a result of the financial crisis, says Jose Luis Esquível of Lisbon public law specialists Esquível Abogados.
As Government cuts and financial uncertainty impact on the viability of projects, groups of companies are now seeking to negotiate better contract and concession terms
A lack of trust is the recurring issue affecting current and planned infrastructure projects across Spain, says Antonio Navarro, finance partner with Broseta in Madrid.
Consortia members who had successfully bid for now cancelled or postponed projects have to consider all the options available to them
The Portuguese government may have suspended many of the planned most high profile infrastructure projects but sector players need not limit themselves to merely domestic opportunities, insists Jorge Sarmento Neves, partner with Gómez-Acebo &
The onset of the banking crisis in 2007 has prompted a reduction in both the number of project finance deals, the scale of those going ahead, and a much more objective calculation of benefits by lenders
Among the initial responses to the financial crisis in Portugal and Spain was a strong emphasis on project and construction schemes, intended to inject liquidity and momentum into the national economies. New or long-awaited project
As Secretary General and Head of Legal at Banco Pastor, Oscar García Maceiras oversees the legal role at one of Spain’s biggest banks – with distinct teams working to better understand the bank’s
As Europe’s largest insurance company, Allianz may have an emphasis on stability and predictability but when it comes to servicing its legal needs, creativity is key
Gómez-Acebo & Pombo is a law firm in transition. Recent years have seen Spain’s fourth largest firm undergo radical change as it seeks to re-stake its claim to be among the country’s pre-eminent
