15 April 2025Publication
FIDIC - termination for convenience
Privy Council considers an Employer’s liability for contractor incurred costs under FIDIC Yellow Book following termination for convenience.
Our international team of lawyers advise on the legal aspects of engineering, design, maintenance and operating contracts in addition to advising on the corporate, acquisition finance, project finance, construction and competition issues.
They are also experienced in working on M&A transactions involving water companies. Our expertise includes undertaking detailed legal due diligence, negotiating the terms of acquisition, finance and securitisation of income streams, as well as drafting and negotiating transaction documentation. In particular, we have advised on a number of competitive auction processes involving assets in the water sector.
Our experience covers projects in the Middle East, Europe, Africa, Asia and the Americas.
Our core services include:
- Development of greenfield water projects and expansion of existing projects
- Dispute resolution
- EPC and construction
- Joint venture and consortium agreements
- Mergers and acquisitions
- Project finance
- Project support agreements
- Real estate and environment
- Regulatory and competition issues
- Tax
Our experience
Project Finance International Award 2016
Simmons and Simmons was awarded 'Project Finance International Award 2016 for PPP Deal of the Year for the Middle East and Africa Regions'. This deal included advising Mitsubishi Corporation and TEPCO as sponsors on the development and financing of the US$ 3bn 2,400MW / 130MIGD Facility D independent water and power project in Qatar.
Independent water and power project in Qatar
Advising the project company on the development and financing of a US$ 500M expansion to an independent water and power project in Qatar.
M&A for Veolia
Advising Veolia on the £1.2bn disposal of its UK regulated water business to Rift Acquisitions, an investment vehicle formed by Morgan Stanley Infrastructure Funds and Infracapital, part of the Prudential Group; on the €199m acquisition from United Utilities PLC of certain non-regulated water interests in the UK and Europe and the subsequent sale of three water PFI projects in Scotland to Barclays Equity Infrastructure Funds and Macquarie Infrastructure and finally on its acquisition of unregulated businesses of Thames Water Services Ltd (including several developed through private finance initiatives).
Key contacts
If you have any questions, contact a member of the Water team for assistance: