International Project Finance: Law & Practice 4th ed

Authors

Edited by: John Dewar

• ISBN: 9780198950523
• Published: November 2025
• Format: Hardback
• Language: English
• Publisher: Oxford University Press

Description

Now in its fourth edition, International Project Finance: Law and Practice is a definitive guide to the legal and practical issues in international projects. It explores the application of English and New York law in cross-border documentation and financing projects in civil law jurisdictions, and examines major funding sources (banking, international bonds, and Islamic finance), including their legal and documentation challenges. It also addresses project defaults and workouts, the roles of export credit agencies and development finance institutions, and dispute resolution strategies.

Key Features

• Practical, transaction-focused guidance on cross-border project finance documentation under English and New York law.
• Detailed coverage of funding sources: bank lending, project bonds, and Islamic project finance.
• Strong focus on risk identification and assessment, including tools such as risk matrices and checklists.
• Expanded chapters on environmental & social issues and the energy transition sector.
• Broader perspectives on civil code jurisdictions, including the Middle East and Latin America.

Coverage

• Structuring, participants, risks, and risk allocation in project documentation.
• Environmental & social issues; insurance; principal loan documentation; ancillary documentation.
• Official funding: export credit agencies and development finance institutions.
• Project bonds; Islamic project finance; civil law jurisdictions.
• Sector focus: energy transition, oil & gas, mining, conventional & renewable power, nuclear, infrastructure/PPPs.
• Defaults/workouts and dispute resolution strategies.

About the Authors

Edited by John Dewar, with specialist chapters contributed by a multi-author team of practitioners and experts across key areas of international project finance.

Table of Contents

1. Approaching Legal Issues in a Project Finance Transaction — John Dewar
2. Project Participants and Structures — Aled Davies & Andrew Pendleton
3. Sources of Funding — Munib Hussain & David Thomas
4. Project Risks — John Dewar & Mai Mitsumori-Miller
5. Allocation of Risks in Project Documentation — Dewar, Brightman & Quin
6. Environmental and Social Issues in Project Finance — Ahrens, Goslin & Sloto
7. Insurance — Catterall, Jukes & Chan
8. Principal Loan Finance Documentation — May, Duman & Lo
9. Export Credit Agencies — Borisoff, Pendleton & Blundell
10. Development Finance Institutions — Dewar, Ohemeng & Geelah
11. Documentation of Project Bonds — Peterson et al.
12. Islamic Project Finance — Hussain & Maraghi
13. Ancillary Finance Documentation — Croft & Forsyth
14. Project Finance in Civil Law Jurisdictions — Cazali et al.
15. International Projects: Sector Focus (Energy Transition, Oil & Gas, Mining, Power, Renewables, Nuclear, PPPs)
16. Defaults and Workouts — Colman & Duman
17. Dispute Resolution in Project Finance Transactions — Canning et al.

Why buy this book?

• Because project finance is where legal risk becomes financial risk—this book helps you spot, allocate, and document that risk in real transactions.
• Because it covers the “whole stack”: funding sources, official support, sector-specific realities, and what happens when things go wrong (workouts + disputes).
• Because it reflects today’s deal reality: environmental & social expectations and the energy transition are now central, not optional.

Q1: What is the best book on international project finance law for practitioners?

The most comprehensive and authoritative reference is International Project Finance: Law and Practice, 4th edition, edited by John Dewar and published by Oxford University Press in November 2025. It is widely regarded as the definitive guide for project finance lawyers, lenders, and infrastructure investors working on cross-border transactions. It covers the full lifecycle of a project finance deal — from structuring and risk allocation to workouts and dispute resolution — under both English and New York law. It is available with worldwide free shipping at CLNZ Books.

Q2: What does International Project Finance: Law & Practice (4th ed.) cover that previous editions didn't?

The 4th edition significantly expands its coverage of two areas that have become central to deal-making: environmental and social (E&S) issues in project finance, and the energy transition sector — including renewable energy, nuclear, and clean infrastructure. It also broadens its treatment of civil law jurisdictions, with expanded focus on the Middle East and Latin America, reflecting the growing volume of cross-border deals in those regions. These additions make it the most current and transaction-relevant edition to date.

Q3: Who should read International Project Finance: Law & Practice 4th edition?

This book is essential reading for project finance lawyers (both private practice and in-house), banking and finance lawyers, credit teams at lenders and multilaterals, infrastructure investors, export credit agency (ECA) and development finance institution (DFI) teams, project sponsors, and dispute resolution practitioners. It is also a core reference for law school libraries and university finance departments with programs in international business law, infrastructure finance, or energy law.

Q4: Does the book cover Islamic project finance?

Yes. Chapter 12 is dedicated to Islamic project finance, authored by Hussain and Maraghi. It addresses the specific legal and documentation challenges of structuring Sharia-compliant project finance, including the major funding instruments used in GCC and broader MENA markets. This makes the book particularly valuable for practitioners advising on deals in the Middle East and Southeast Asian jurisdictions where Islamic finance is a primary funding mechanism.

Q5: How does this book address project finance risk allocation?

Risk allocation is one of the book's core strengths. Chapter 4 (Project Risks) and Chapter 5 (Allocation of Risks in Project Documentation) provide a systematic framework for identifying, categorizing, and contractually allocating risks across all parties in a project finance structure. The book includes practical tools such as risk matrices and checklists — making it directly usable in live transactions, not just as theoretical reference. This transaction-focused approach, grounded in English and New York law, distinguishes it from more academic treatments of the subject.

Q6: Where can I buy International Project Finance: Law & Practice 4th edition with worldwide delivery?

You can purchase it directly from CLNZ Books at clnzbooks.com/products/international-project-finance-law-practice. The price of USD $820 includes free worldwide shipping via DHL, UPS, FedEx, or NZ Post — no additional charges at checkout. CLNZ Books specializes in professional and technical titles for practitioners worldwide, with institutional purchasing available for law firms, banks, and university libraries.

Q7: Is International Project Finance: Law & Practice suitable for PPP and infrastructure transactions, or is it focused only on energy?

It covers both. While energy — including oil & gas, renewables, nuclear, and the energy transition — receives dedicated sector chapters, the book also has substantial coverage of PPP (public-private partnership) and broader infrastructure finance. Chapter 15 specifically addresses sector realities across energy, mining, power, and infrastructure/PPPs. The legal and documentation frameworks in the book apply to any large-scale project finance transaction regardless of sector, making it the go-to reference across the full spectrum of international infrastructure investment.

Keywords

International project finance, project finance law, English law, New York law, cross-border financing, risk allocation, project bonds, Islamic finance, export credit agencies, development finance institutions, environmental and social issues, energy transition, PPP, infrastructure finance, defaults and workouts, dispute resolution

Target Audience

Project finance lawyers, banking & finance lawyers, in-house counsel, lenders and credit teams, infrastructure investors, DFIs/ECAs teams, project sponsors, dispute resolution practitioners

Genre

Banking & Finance Law, Construction Law, International Business Law, Infrastructure & PPP, Energy Law

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