Since our last issue of Focus in May, the World continues to see dramatic changes as a result of the COVID-19 pandemic. Against this backdrop, Trinity continues to advise existing and new clients on the impact of the COVID-19 pandemic on their contractual arrangements and projects and mitigation measures. The evolving face of the COVID-19 pandemic brings with it many new and unprecedented challenges and Trinity has sought to equip stakeholders with the tools needed to deal with the myriad of contractual issues that continue to arise.
As part of this ongoing advice, Elizabeth Handley in our London office has been examining the key issues and practical steps that borrowers and lenders may wish to consider taking in the context of their existing project finance arrangements, in light of the continuing issues raised by the COVID 19 pandemic. Read more.
In keeping with this advice, Marianna Sédéfian from Trinity’s Paris office has also been looking at the implications under French Law in respect of the ongoing restrictions and Government intervention related to COVID-19 and the associated impact on project finance transactions. Read more.
Notwithstanding the challenging global environment, we are pleased to say that investment, development and the financing of projects has continued. We recently advised on the 30MW Sidi Mansour windfarm project located in Northern Tunisia in which UPC Renewables (UPC) and Climate Investor One (CI1), a financing facility managed by Climate Fund Managers (CFM), entered into formal arrangements for the development and financing of the project. Read more. In addition, we are also pleased to announce that we advised Proparco, the French government’s development finance institution, and Société Générale Cameroun S.A., as joint lenders for their financing of the Douala Grand Mall project. Read more.