12 July 2023 Publication
FDI regime
The Luxembourg Parliament recently passed a law which establishes a screening mechanism for Foreign Direct Investments in Luxembourg.
We’ve had a key role advising the rail industry. Our international team has advised on some of the most complex and high-profile rail projects, including high speed rail links (HS2, HS1).
We have developed an in-depth understanding of all aspects of the railway industry and the key players. Our clients come from all sectors of the railway industry, including governments, public bodies, infrastructure owners and private operators.
Our work has included advising on railway infrastructure projects and railway PPPs and M&A transactions of rail assets; supply chain through life management; freight railway projects; operation & maintenance arrangements and facilities management around railway assets; railway property arrangements; track access arrangements and railway regulation.
Our core services include:
- Concession agreements.
- Contractual liabilities and indemnities.
- Customer-supply relationships.
- Environment.
- EPC and construction.
- Health and safety.
- Infrastructure fund investments in railway sector.
- Joint venture and consortium agreements.
- Mergers and acquisitions.
- Operations and maintenance.
- Payment and tariff arrangements.
- Performance regimes.
- PPPs.
- Project and other railway financing.
- Public funding.
- Real estate.
- Regulatory matters.
- Risk allocation.
- Tax.
- Track access agreements.
Our experience
Network Rail
Advising Network Rail on numerous major projects including the £6bn West Coast Mainline PPP; the Kings Cross Transport Hub Infrastructure project; the East London Line project; Sunderland Metro; major station developments and the £3bn Thameslink project.
Sale by Network Rail
Advising a major real estate investor on the sale by Network Rail of the whole of its non-core commercial property estate comprising 5,500 properties around railways many of which are used by commercial retail tenants.
ORR market investigation
Advising Cubic, the only major supplier of automatic ticket gates in the UK to TfL and TOCs, in the ORR’s market study into automatic ticket gate and ticket machine supply in the UK. This was one of the first ORR market investigations in a number of years and Cubic was a central focus of the inquiry.
Key contacts
If you have any questions, contact a member of the Railways team for assistance: