A public-private partnership (PPP, private financial initiative - PFI) is a special form for investment projects in infrastructure (mainly structured as concession or PPP/PFI agreements) providing cooperation of public and private partners based on consolidation of investments and allocation of risks aimed to resolve public and socially important objectives, carried out by means of investment projects related to the objects of public interest and public control (such as social and other kinds of public infrastructure).

PPP is considerably important since its application permits saving significant budgetary funds due to more efficient use of them and attracting private investments, introducing those innovations, decreasing cost of public services for consumers and diverting public authorities from being directly involved in production, permitting it to focus on organisational and controlling functions.

Maxima Legal takes active part in the development of PPP regulation for Russia and CIS. Vladimir Kilinkarov, partner, head of PPP practice in Maxima Legal is one of the key authors of the Model PPP law for CIS countries and an author of extensive amendments to the Russian PPP laws at both federal and regional levels. 

Our legal service for PPP projects covers, in particular:

• legal assistance in formulating and drafting proposals for the structuring and implementation of PPP projects
• working out legal framework for the structuring and implementation of a PPP project, legal analysis of tender and other documentation for a PPP project;
• drafting of concession agreements, PPP contracts and other agreements required for the implementation of a PPP project, including partnership and consortium agreements, as well as direct agreements with financial institutions
• legal assistance in drafting applications, tender proposals and any other documents required for participation in a PPP tender;
• drafting constituent documents, including articles of association, corporate and other agreements for a PPP company, PPP consortium, public-private joint venture, etc.
• legal advice and other kinds of legal assistance on any matters arising in the course of working-out and implementating a PPP project
• resolution of disputes concerned with organization and the implementation of a PPP project