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Brachers’ longstanding client, Enovert Management Limited, a leading provider of waste management services, recently required significant secured financing package from a major lender to fund a key acquisition. We were engaged to help negotiated the finance and security documents, aimed specifically at applying our knowledge of their business to tailor the covenants and representations to be compatible with the specifics of their complex business activities.
Since execution we have been closely involved with contract implementation, including the preparation of a detailed compliance manual, aimed at facilitating on-going covenant compliance and streamlining decision making within the restrictions imposed by the finance documents.
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Advising a long-standing client on aspects of its infrastructure and civil engineering business, including supporting its bids for various large contracts for surfacing and re-surfacing works at Heathrow airport, ranging from Professional Service Contracts to full-scale construction works, each on NEC4 terms. Our support included risk-reviews, negotiation support and drafting of proposed and agreed revisions.
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Advising a large multinational engineering and construction group on its multimillion pound contracts for the manufacture, supply, installation and commissioning of lifting equipment to provide general lifting capacity for operations and maintenance. Our most recent experience has been in the nuclear space, including as a subcontractor to the Hinkley C nuclear power project in the UK.
Our advice on this matter involved drafting and negotiating both contracts with the employer and their advisory team and we continue to be heavily involved in advice concerning the implementation of both contracts on this complex and large value transaction.
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We are longstanding advisors to a large, multinational waste business (including as a significant supplier into the waste-to-energy sector) and as a waste-to-fuel producer using its own proprietary technology.
We regularly draft, and support negotiation of, large (multimillion pound) contracts in connection with their business. These include significant contracts for the supply of waste and recyclate recovery services to local councils which are procured by way of a structured public procurement process. We advise them on all aspects of that process from clarifications and bid submission, through to contract negotiation and execution.
Once secured, we are heavily involved in the client’s ongoing contract management, advising on interpretation and risk mitigation, all aimed at providing practical, commercial advice tailored to the needs of the business.
Furthermore, many of their larger supply contracts require significant subcontracting which we are heavily involved in, preparing the draft subcontracts, and supporting negotiation to manage the commercial and legal risks associated with passing-down the head contract obligations to third parties, while supporting the overall business drivers for the transaction.
We were also closely involved in advising the business on the upgrade of its production facilities for its proprietary fuel from waste product in the UK. A number of the construction packages awarded as part of that process were documented on NEC form contracts.
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Evolution Power is a new entrant into the UK renewables market but led by Giles Frampton and Conor McNally, who both have previous extensive experience of developing and financing major UK renewable projects at British Solar Renewables and Macquarie Bank respectively. Korkia is an experienced solar energy investor, active in the Nordics, UK, Chile and Spain, developing and managing assets of more than EUR 700 million.
The partnership is a significant transaction in the renewable energy sector. It forms part of Evolution Power’s development programme of solar and other renewable opportunities, with target volumes of 2-3 GW in total in the UK. The company aims to contribute to the transition to net-zero by delivering innovative and sustainable projects.
Read the full case study.
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Mabanaft is a huge independent player in the fuel distribution and bunkering sector. We advised on the first stage of its strategy to gain market share in the truck stop sector.
This was a complicated deal with significant elements of property and environmental law, requiring bespoke drafting and negotiation. We successfully negotiated environmental indemnities from the seller which are considerably more comprehensive and apply for much longer periods than the market standard.
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We have advised Favat and Comete (two of the Fayat Group’s companies) on the implementation of its contracts for the manufacture, supply, installation and commissioning of a significant amount of lifting equipment to provide general lifting capacity for operations and maintenance of the Hinkley C nuclear power project in the UK.