Davis LLP features prominently in recent P3 articles
Published: Wednesday, 1 December 2010
In two articles recently published in the Financial Post, Davis Lawyers are featured prominently.
The article titled "Public accepts P3 deals," discusses the public's growing acceptance of the Public-Private Partnership model for building public infrastructure.
As Canadian financial institutions and pension funds start too become more involved in the sector, Davis lawyer Douglas Buchanan, Q.C., weighs in on the previous shortcoming of funding for such projects. "Big pension funds and infrastructure funds have an aversion to construction risk. They don't normally get involved at the origination stage," says Buchanan.
A second article explains the role that lawyers play in P3 projects. In the article "The pitfalls of P3 projects," Davis lawyer Stephan Scott Trudeau explains that "In the development and procurement phase, some of the common risks include public opposition to the project, insufficient competition, vague or inaccurate cash flow projections. So that is where lawyers come into play, to assess and identify risk."