Legal Issues Regarding the Use of Project Financing by the Multinational Corporations in Emerging Markets

by Nozima Shamsieva


Project finance is, in essence, complex method of financing which has certain advantages and disadvantages, though it plays an important role in financing development throughout the world. It is considered as an important means of facilitating the construction of infrastructure in developing countries and implementation of large projects in the energy, transportation, mining and other industries. The purpose of this paper is to analyze the legal environment for implementation of project finance in Uzbekistan and to discuss significant developments in this market. Main issues that will be covered in this paper are government approvals and restrictions, the issues related to collateral and possible legal risks.

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