Category: May 2009

May update

Since the last issue of Focus, the Olkaria III geothermal power project in Kenya has reached financial close. Trinity acted for the lenders, DEG, FMO, Proparco and The Emerging Africa Infrastructure Fund. Having survived the challenges of the political upheaval in Kenya in late 2007/early 2008 and the global financial crisis, we take this opportunity… Read more »

International Arbitration – Recent Developments in the Sphere of Investment Treaties

Introduction In the early phase of the development of infrastructure projects, an essential factor in making a decision to pursue the particular project is the political and investment risk of a country. Investors and their lenders will usually establish as part of their due diligence process whether there is an investment treaty in place between… Read more »

Legalese – Taking security

Introduction Lenders have a range of options available to them when taking security. The article summarises the most common types of security available under English law, namely a lien, pledge, charge and mortgage. These are naturally applicable in relation to assets located in England, however, as many of the principles of English law have been… Read more »