Best Project Finance Lawyers in Maine

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Gordon Rees Scully Mansukhani, LLP.
Portland, United States

Founded in 1974
1,688 people in their team
English
As the only law firm with offices and attorneys in all 50 states, we deliver maximum value to our clients by combining the resources of a full-service national firm with the local knowledge of a regional firm. Featuring more than 1,000 lawyers nationwide, we provide comprehensive litigation and...
Verrill Dana LLP.
Portland, United States

Founded in 1862
213 people in their team
English
Decency, honesty, and judgment. The values that define Verrill as a law firm are the reason our clients trust and choose us time and time again. We don't compromise our values and our clients don't compromise on quality. Our experience and New England roots date back more than 150 years, and today,...
PMH Legal
Portland, United States

Founded in 2009
5 people in their team
English
At Petruccelli, Martin & Haddow, LLP we practice regularly in all of Maine’s state and federal trial and appellate courts, in a large number of municipal and administrative forums, and in a variety of alternative dispute resolution settings, both representing clients and acting as mediators...
Pierce Atwood LLP
Augusta, United States

Founded in 1891
298 people in their team
English
Pierce Atwood LLP is a highly-regarded full-service law firm based in New England, recognized nationally and internationally for its expertise in complex and class action litigation, energy production and distribution, midmarket mergers and acquisitions, information security and technology,...
Norman Hanson DeTroy, LLC
Lewiston, United States

Founded in 1975
50 people in their team
English
ABOUT THE FIRMNorman Hanson DeTroy, LLC, is one of Maine’s most respected law firms and among the largest in northern New England. Since 1975, we’ve been proud of our reputation for hard-driven, results-oriented, no-nonsense representation in the wide variety of practice areas that our...
Curtis Thaxter LLC
Portland, United States

Founded in 1975
30 people in their team
English
Our StoryCurtis Thaxter was created in 1975 by a group of attorneys led by former Maine Governor and U.S. Ambassador to Canada, Kenneth M. Curtis.  Through the decades since our inception, we continue to uphold the values of our founding member and strive to maintain his excellence and...
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About Project Finance Law in Maine, United States

Project finance is a specialized area of law and finance where large-scale infrastructure or industrial projects are funded primarily through a combination of debt and equity that is repaid from the cash flow generated by the project itself. In Maine, project finance commonly supports projects in energy, transportation, public facilities, and environmental sectors. Project finance law encompasses the creation, negotiation, and enforcement of contractual agreements among lenders, project sponsors, government bodies, and other stakeholders. Unique considerations in Maine often include environmental regulations, permitting for natural resources, and partnership with state agencies for public-private projects.

Why You May Need a Lawyer

Project finance deals are complex and require careful legal planning and risk allocation. If you are a project sponsor, investor, lender, contractor, or government entity, you may need legal help in scenarios such as:

  • Negotiating and drafting loan or financing agreements for new infrastructure projects
  • Ensuring compliance with Maine’s environmental, land use, and permitting laws
  • Assessing and managing legal, regulatory, and financial risks involved in a project
  • Structuring public-private partnerships (PPPs) for state or municipal projects
  • Resolving disputes between stakeholders, such as lenders and contractors
  • Securing approval from state and local authorities for project development
  • Handling issues related to collateral, liens, and project security interests

Local Laws Overview

Project finance in Maine is influenced by both federal and state laws. Key areas that impact project finance include:

  • Permitting and Environmental Compliance: Projects must comply with the Maine Natural Resources Protection Act, site location laws, and federal standards such as the Clean Water and Clean Air Acts.
  • Public-Private Partnerships: Maine has enabling legislation for certain types of PPPs, especially in transportation and utilities, allowing collaborations between public bodies and private companies.
  • Collateral and Security: The Uniform Commercial Code (UCC) as adopted in Maine governs interests in assets used as collateral in project finance deals.
  • Tax Incentives and Credits: Maine offers a range of tax incentives for development, especially in renewable energy and affordable housing, which may be built into the finance structure.
  • Regulatory Bodies: State agencies such as the Maine Department of Environmental Protection and the Maine Public Utilities Commission play a key role in approving and overseeing projects.

Frequently Asked Questions

What types of projects are typically financed through project finance in Maine?

Common projects include renewable energy plants such as wind and solar farms, wastewater treatment facilities, highways or toll roads, hospital or university expansions, and public utility infrastructure.

Do all project finance deals require approval from state or local agencies?

Most significant projects require some level of approval, whether for permits, land use, or environmental compliance, especially if public lands or resources are involved.

How is risk typically allocated in a project finance structure?

Risks are allocated among parties through detailed contract provisions, with each party responsible for the risks they can best manage, such as construction, operational, financial, and regulatory risks.

Can I use project finance for a small business or residential property?

Project finance is generally best suited for large, capital-intensive infrastructure or industrial projects and is not typically used for small businesses or residential properties.

What role do banks and investors play in project finance in Maine?

Banks, institutional investors, and sometimes public bodies provide the funding, expecting to be repaid out of the project’s future cash flows rather than relying solely on the sponsors’ balance sheets.

What government incentives may be available in Maine for project finance deals?

Depending on the project’s sector, incentives may include tax credits for renewable energy, grants for municipal infrastructure, or low-interest loans for public utilities.

How long does it typically take to structure and close a project finance deal?

Timelines vary significantly, but project finance deals usually take several months to more than a year to close, due to legal due diligence, negotiation, and regulatory approvals.

What is non-recourse or limited recourse financing?

Non-recourse or limited recourse financing means lenders can only seek repayment from the project’s assets and revenues, not from the sponsors’ other assets, which is common in project finance.

Are there specific licensing or registration requirements for project finance in Maine?

While there is no specific license for project finance, all involved parties must comply with Maine’s business registration, professional licensure, and regulatory permit requirements relevant to their role.

What happens if the project faces delays or does not perform as expected?

Contracts in project finance usually address delays or underperformance through provisions for liquidated damages, insurance, and step-in rights for lenders or investors to take control if necessary.

Additional Resources

  • Maine Department of Economic and Community Development - Offers guidance on economic development, business incentives, and project support
  • Maine Public Utilities Commission - Regulates energy, water, and utility projects in the state
  • Maine Department of Environmental Protection - Handles permits and compliance for environmentally sensitive projects
  • Maine Office of the Attorney General - Provides public access to state laws and legal guidelines
  • American Bar Association - Section of Public Utility, Communications and Transportation Law for professional legal resources
  • Local Maine Bar Associations - Useful for finding qualified attorneys in the field

Next Steps

If you are considering a project finance deal or are already involved in one in Maine, consider the following steps:

  • Identify the type and scale of your project and the key stakeholders involved
  • Gather all necessary documentation related to the property, permits, and regulatory requirements
  • Consult with a Maine-based attorney who has experience in project finance law to assess risks and structure your deal appropriately
  • Reach out to relevant state agencies early in the process to understand any permitting or compliance hurdles
  • Engage professional advisors in finance, engineering, and project management to help navigate the complexities

A skilled attorney can help you protect your interests, remain compliant, and guide you through each stage of a successful project finance transaction in Maine.

Lawzana helps you find the best lawyers and law firms in Maine through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Project Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Maine, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.