In the News Detail
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Surviving the Credit Crunch
SOURCE
National Post
AUTHOR
Lorraine Mallinder
DATE
October 8, 2008
Nicholas Williams from the Projects and Project Finance team talks to the Financial Post about the ongoing need for private-public partnerships despite the current economic downturn.
Click here to read the article.
Excerpt
Public-private partnerships are displaying a remarkable degree of resilience to the fires of subprime hell engulfing financial markets.
Lawyers attest to an undiminished appetite for infrastructure projects, but beneath the optimism there lurks growing unease over market conditions.
"Deals are still coming to market, still closing," says Nicholas Williams, a partner in the Toronto office of law firm Ogilvy Renault.
But, with market uncertainty scaling new heights, he sounds a note of caution: "As margins creep up and lending spreads increase, it's possible government entities could look and think it's better to wait for the market to settle."
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