Lexpert Special Editions

Special Edition on Infrastructure 2017

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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10 LEXPERT | 2017 | WWW.LEXPERT.CA ONE OF THE PRIMARY OBSTACLES preventing developing coun- tries from growing more quickly is the lack of Infrastructure. Some 2.5 bil- lion people in emerging economies do not have access to basic sanitation, ac- cording to the United Nations. About 2.6 billion have only limited access to electricity. Roads and telecommunication networks are also sorely needed. It goes without saying that this pent-up demand represents a huge opportunity for construction companies, banks, engineering firms and others involved in the creation of Infrastructure. But players are moving cautiously, especially in Canada. Part of the reason, says Erik Richer La Flèche, a partner at Stikeman Elliott LLP and co-head of the firm's Infrastructure group, is that there's plenty of work in North America and Europe. Canadian Infrastructure companies are well regarded around the world aer a string of successful public-private partnerships in British Columbia and central Canada, and for the time being their order books are full. Plus, companies recognize that getting established in emerging markets involves a steep learning curve, says Richer La Flèche. Firms hoping to move PHOTO: SHUTTERSTOCK TAKING A CHANCE ABROAD Companies looking to bid on emerging market P3 projects must take care. But while the legal and regulatory risks are significant, the rewards may be even greater EMERGING MARKETS By John Greenwood

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