Legal

Government spending plans appear to offer prospects for US infrastructure investors, but there may be devil in the detail, report Brian Gorman and Nick Reeve.

The pros and cons of the $1.2 trillion US infrastructure package.

As North America continues to adapt to the challenges created by covid, its infrastructure has made significant progress – most notably by the US Senate’s approval of the Infrastructure Investment and Jobs Act.

Beyond the $1trn in funding, the bill clarifies the federal government's role, paving the way for 'private investors … to participate', Brent Burnett, the firm’s co-head of real assets, says.

This is the first story in a five-part series, in which we explore themes we believe will shape the year ahead The novel coronavirus caught even the most eagle-eyed of investors unawares in 2020, upending business cases and causing many to reassess the level of risk involved in what had been seen as rock-solid assets. […]

Mustafa Abdel-Wadood admitted to racketeering and fraud, and has agreed to co-operate with the US probe on the fallen emerging markets firm.

Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.

The document paints a picture of deceit, bribery and personal enrichment at the collapsed emerging markets firm.

ALTRAC consortium will inject ‘substantial additional equity’ into the city’s troubled transport project, as Acciona agrees to withdraw its A$1.1 billion legal claim.

As the Abraaj case plays out in the criminal courts, the impact on private equity investors and the GP-LP relationship will become palpable.