By Meg Utterback  Holly Blackwell  King & Wood Mallesons’ Dispute Resolution Group

The risks faced by investors, owners and contractors on large infrastructure projects in Asia, South America, Africa and other developing nations are varied. Large scale projects to build infrastructure such as power plants, hydroelectric dams, highways, railways, and airports can range from US$100 million to billions of dollars in value. These projects often impact local populations, industries, and the environment. Because local resources are often limited, foreign contractors are called in to undertake the work. Project structures can create a wide web of contracts, contractors, and subcontractors subject to domestic and foreign regulations, codes, and procedures. Project owners and contractors often fail to consider project risks (or are too late in addressing them) resulting in additional costs and delay, diminished profit, and possible litigation. Risk cannot be eliminated but it can be managed.
Continue Reading Managing Risk and Avoiding Disputes in Global Infrastructure Projects