Banker Bank, an English bank, is considering a project financing of a project in Romania. You are asked to advise Baker on each of the following matters:

(a) the means by which the sponsors and the project company (i.a. a borrower in the financing agreement) may seek to avoid liability for the financing.

(b) the obligations that the sponsors should assume to the project.

(c) The means by which Baker could enforce the obligations arising under (b) above.