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Legal Eagle Terminal Concessions

MIND THE EXIT ARRANGEMENTS

01 Jan 2005

Exit arrangements from terminal concessions are not always high on the agenda when it comes to drawing up such agreements. Mark Lloyd-Williams, Partner at Norton Rose, suggests they are worthy of more attention as Mike Mundy reports.

NYKs Paragon Terminal at Amsterdam: growing resale market in port properties/businesses dictates more consideration of exit arrangements from terminal concessions at an earlier stage
NYKs Paragon Terminal at Amsterdam: growing resale market in port properties/businesses dictates more consideration of exit arrangements from terminal concessions at an earlier stage

Speaking at the recent MedTrade Conference, held in Venice, Lloyd-Williams brought into focus the increasingly important aspect of the legalities covering exit arrangements from port concession agreements. This is a subject that is today increasingly in the minds of financiers of new port concessions in particular and to a lesser extent in the minds of port authorities and other government agencies with responsibility for the issuing of concession agreements.

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NYKs Paragon Terminal at Amsterdam: growing resale market in port properties/businesses dictates more consideration of exit arrangements from terminal concessions at an earlier stage

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