Legal Aspects of Implementing PPP Projects

The PPP market is not only one of the main drivers of the economy today, it is also a key factor behind a nation’s growth and influence in the world. The unprecedented sanctions imposed on Russia failed, along with attempts to isolate the country. Nowhere is this more apparent than in the PPP sector. Not only did the number of far-reaching projects not decline (either in Russia or abroad), it actually increased. Thanks to public-private partnerships, infrastructure is being built, high-tech developments are being used, and international initiatives (encompassing several states and businesses operating across various jurisdictions) are under way. Supranational legal constructions which were previously the norm are now being employed less and less for the reasons outlined above. When structuring PPP projects, priority is given to sovereign national law. How does this work? What should regulators and legal experts do to ensure that PPP projects are implemented faster and more efficiently, and that the interests of all participants are best protected?