Project finance continues to be one of the firm's principal practices in Germany. The team regularly advises banks, sponsors, construction companies and governments.
Our Frankfurt-based team is very much at the forefront of advising on all types of project finance, in all sectors, including public private partnerships/public finance initiatives (PPP/PFI) projects. We are particularly active in infrastructure, construction, telecommunications, energy and water projects.
The projects team is supported by our experienced finance practice and a highly regarded German public and administrative law practice.
As governments around the world grapple with an estimated USD71 trillion bill for new infrastructure between now and 2030, Allen & Overy has today launched a Global Guide to Public Private Partnerships (PPP) highlighting the key issues for the growing number of governments using PPP projects as a delivery method.
On 3 April the German legislature passed a bill to amend the Financial Markets Stabilisation Act and to provide a legal basis for the nationalisation of financial institutions affected by the global financial crisis. The Financial Markets Stabilisation Amendment Act (FMSAA) will come into force after publication, presumably in a matter of days.
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Allen & Overy has advised HSH Nordbank AG on arranging the financing of the L'Olleria and Beniarbeig solar parks in Valencia, Spain. The L'Olleria solar park consists of 15 installations with a capacity of 1.5 MWp, whilst the Beniarbeig solar park consists of 20 installations with a capacity of 2 MWp.
Allen & Overy has advised Commerzbank Aktiengesellschaft and Landesbank Baden-Württemberg as Joint Coordinating Banks on the financing for the construction of the new block no. 9 power plant for Grosskraftwerk Mannheim AG (GKM).
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Partner
Dr. Peter Stenz is a partner in the banking department of Allen & Overy LLP. He is a German Rechtsanwalt, joined Allen & Overy in 1996 and has been a partner since 1998.
He is the Managing Partner of Allen & Overy Germany.
Partner
Dr. Norbert Wiederholt is a German law qualified Rechtsanwalt and partner in the Frankfurt banking and finance practice. He has experience in a wide variety of finance transactions, his main focus being in the area of project finance. In addition, he specialises in energy law and financial regulatory law, including investment fund products.