Legal Expertise in Infrastructure Sector: The Whats and Hows
Infrastructure
sector is a key driver for the Indian economy. The sector is highly responsible
for propelling India’s overall development and enjoys intense focus from
Government for initiating policies that would ensure time-bound creation of
world class infrastructure in the country.
In
a market with ever-changing policies, the management of risk and creation of
value to ensure the bank-ability of projects requires not only excellent
contract drafting skills but also a robust understanding of the law and
regulations affecting a project, together with deep industry knowledge.
Practitioners
in this area should be adept at handling a wide portfolio of projects and
tasks, including Public private partnership projects; concession agreements;
engineering, procurement and construction contracts; construction contracts;
and operations and management contracts.
Further,
these practitioners should be equipped to represent developers & project
owners, as well as international and domestic main contractors and specialist
subcontractors.
The
skill set and expertise required is also varied. The should include both
regulatory experts and lawyers with long-term experience of drafting and
negotiating project development and financing contracts, giving it a
combination that is unparalleled in the market.
Not
only this, these practitioners need to actively participate in the ongoing
debate on energy and infrastructure issues and interact regularly with key
market players such as government, regulators, industry and financial
institutions, giving them excellent insights to apply the theoretical knowledge
available with them. This would contribute to their reputation of getting to
the heart of the most complex issues, focusing on strategy, and structuring and minimizing execution risk. Only with such balanced approach can a practitioner
be successful in such a high-stakes practice area.
IndiaLaw LLP is a leading law firm across India, which provides a one stop legal service in Mumbai, Navi Mumbai, Delhi Chennai, Kolkata, Bengaluru, Hyderabad, Cochin, Ahmedabad and Pune. For more details click the following links Infrastructure Law Firm in India, Real Estate Law Firm in India.
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