Legal Risks Of Project Finance In Uganda
Article by Kabazzi Maurice Lwanga
Although project financing, typically used for funding government projects, is advantageous in infrastructure investment, there are legal issues and risks that are common to most projects in Uganda. By and large, this exposition describes some of the possible legal and regulatory risks of infrastructure projects by private sponsors. This paper examines the applicability of PF to private projects and determines whether PF for private sponsors passes the legal muster. Upon discussing the legal challenges involved in PF, it highlights some mitigating mechanisms/due diligence approaches to counter these legal risks in the Republic of Uganda.