Course dates
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Pricing options:
Full course (including optional 3rd day): £2,995
Two days: £2,495 |
Loan Documentation (Secured) takes you through the documentation for a secured loan, providing you with a thorough understanding of the
commercial, documentary, and
transactional implications of secured lending.
The course pays particular attention to the impact of the security on the loan agreement and transaction process, in terms of due diligence, conditions precedent, representations and covenants. The course also highlights the commercial aspects of security documents such as the application of funds clause.
The course takes a multijurisdictional approach and guides you through the issues which commonly arise when trying to take security over different assets in different countries, and the ways in which the transaction process and the documentation package are designed to ensure these issues are identified and adequately addressed.
By attending this course you will:
- Be guided through the key components of the documentation for secured lending
- Be able to identify the commercial aspects of security documents with ease
- Appreciate the importance of the application of funds clause
- Understand the transaction process for a secured transaction
- Appreciate how legal issues affect the value of security
- Understand the ways in which security can be challenged
- Appreciate how the terms of the loan agreement are adjusted to reflect the identity of the borrower, the type of credit risk involved in the transaction and the results of the due diligence
- Understand the different functions of representations, conditions precedent and due diligence in protecting lenders
- Appreciate the differences between the concepts of mortgages, fixed charges, floating charges, pledges and liens under English common law
This is a must-attend course for anyone involved in secured lending.
Day 1
The Structure
Who is the Borrower?
- Structural subordination
- Upstream guarantees
- Limitation on recourse
- Use of spvs
Loan Overview and Covenants
- Positive and negative covenants
- Scope of the covenants
- Change of ownership
Type of Credit Risk
- Project, asset and corporate loan agreements compared
Workshop: covenants
Security Basics
- The right in rem
- The issues for due diligence
- The application of funds
- The conditions precedent
- Negative pledge
Security Creation Perfection and Effect
- Common issues with the following questions
- What does the security attach to
- How is it created
- How is it perfected
- How is it enforced
- What priority does it give?
Security for syndicated loans
Workshop: creation, perfection and effect of security
Day 2
Legal and Practical Issues
Clawback of Security
- Corporate issues
- Substantive issues
- Insolvency issues
Due Diligence and Closings
- Transaction and borrower due diligence compared
- Impact on documentation – representations or conditions?
- Value and saleability of secured asset
- Other due diligence issues eg tax, other funds, etc
- Location of due diligence
- Legal opinions
Workshop: due diligence
Guarantees
- Indemnities
- Waivers of subrogation and reimbursement
- Contra proferentem
- Lenders’ acts affecting guarantee claim
- Letters of comfort
Classification of English Security
- Mortgages
- Fixed and floating charges
- Pledges and liens
- Assignments priorities
Day 3 (Optional)
The Loan Agreement Money Issues
- Market disruption, gross up and increased cost clauses
Administrative Provisions and Representations
- “Default”
- “Financial Indebtedness”
- Pari passu
- Repeating representations
Undertakings
- Negative pledge and no disposals
Events of Default and boilerplate
- Cross default, litigation and mac Loan transfers and the role of the Agent
Hotel in Central London, London, United Kingdom
Venue and Accommodation Information
All Euromoney Legal Training events are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds you expectations.
We have selected several venues across Central London, that we are confident meet our strict criteria for quality, service and professionalism. Each venue also offers accommodation for Euromoney Delegates at discounted professional rates.
Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date. Euromoney Legal Training can however recommend the following venues:
The Rembrandt, Knightsbridge
The Rembrandt is a spectacular hotel with the timeless ornate architecture and traditional qualities of an Edwardian building. Located in the exclusive area of Knightsbridge, the hotel was originally built as apartments for Harrods, as such all rooms have an individual shape, giving them each their own special feel. Each of the training rooms have natural daylight and a private lobby area.
For more information visit http://www.sarova.com/rembrandt or call +44 (0)20 7589 8100
Millennium Knightsbridge
The four-star deluxe Millennium Hotel London Knightsbridge is situated in the heart of one of the best shopping areas of London. Of all the hotels in Knightsbridge, this Millennium Hotel is amongst one of the most contemporary and stylish Knightsbridge hotels in the area. This Knightsbridge hotel has excellent transport links - only a short walk from Knightsbridge underground station on the Piccadilly line and just 40 minutes from London Heathrow Airport via the underground.
For more information visit www.millenniumhotels.co.uk/millenniumknightsbridge or call +44 (0)20 7235 4377
Crowne Plaza, Kensington
The stylish Crowne Plaza London-Kensington hotel is a short walk from Victorian shopping, royal parks and London's epic museums. All the training rooms are fed with natural daylight with lunch or coffee breaks taking place on their attractive garden terrace.
For more information visit http://www.ichotelsgroup.com/crowneplaza/hotels/us/en/london/lonke/hoteldetail or call +44 (0)20 7373 2222
London Marriott Hotel, Kensington
Located close to Central London in the heart of Kensington, the London Marriott Kensington is perfectly situated for the best shopping and tourist attractions.
For more information visit http://www.marriott.co.uk/hotels/travel/lonlm-london-marriott-hotel-kensington
The Regency Hotel, Kensington
The hotel is conveniently located for all major transport links, such as London’s Heathrow, Gatwick and Stanstead airports, all major London train stations, and is a short walk from the nearest tube station (South Kensington, Piccadilly Line).
For more information visit www.londonregency.com or call +44 (0) 207 373 7878
Radisson Edwardian, Central London
The Radisson Edwardian offers a wide range of venues and accommodation across Central London, including such famous London areas as Covent Garden, Leicester Square and Mayfair. Each location offers 4-star accommodation and training facilities.
For more information visit www.radissonedwardian.com or call +44 (0)800 37 44 11
Euromoney Legal Training has also appointed approved and independent booking agencies to help you find the best location for you to stay during your time in London:
Venue Search UK
All the delegates have to do is telephone +44 (0)20 8541 5656 or email beds@venuesearch.co.uk and say that they are a Euromoney delegate!
Zibrant
Zibrant offer a huge range of hotels across London and can find you accommodation as close to your training venue as possible. They will ensure that you receive preferential rates as a Euromoney delegate. Go to www.zibrant.co.uk/euromoney for more details. Alternatively you can email your enquiry to euromoney@zibrant.co.uk or call +44 (0) 1332 285 521.
Euromoney Legal Training strongly recommends that you do not book your accommodation until you have received full course confirmation.
If you require any further information, please contact us:
Euromoney Legal Training
Nestor House
Playhouse Yard
London
EC4V 5EX
United Kingdom
Tel: +44 (0) 207 779 8601
Fax: +44 (0) 207 779 8599
legaltraining@euromoneytraining.com
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Sue Wright
Sue is a solicitor with over 20 years' experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions. Sue was a partner in the banking department at Norton Rose for 8 years and was responsible for training banking assistants in Norton Rose for 2 years. Sue has been highly recommended as one of the leading experts in her field by Legal 500 and by Chambers. Sue was head of Professional Development at Herbert Smith and is now running an independent training consultancy specialising in training in international banking transactions and structured finance.
Courses run by this instructor
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
25-27 Sep 2012 (Dubai, United Arab Emirates)
This Euromoney Legal Training course is the follow on to our ever popular Loan Documentation training programme. The course will deal with the more structural and commercial side of the loan agreement and will give delegates more opportunities to practice making and responding to comments on the documents.
17-18 Oct 2012 (Dubai, United Arab Emirates)
This course focuses on the key legal, commercial
and financial aspects of setting up international joint
ventures and alliances.
10-12 Jun 2012 (Dubai, United Arab Emirates)
This three-day intensive course will cover all aspects of security documentation focusing on the anatomy of the security document itself and the legal ramifications of an incorrectly drafted document.
30 May 2012 - 1 Jun 2012 (London, United Kingdom)
12-14 Sep 2012 (London, United Kingdom)
This three-day intensive Euromoney Legal Training course will cover all aspects of a loan transaction, concentrating particularly on the agreement itself and on the legal implications of a properly drafted and incorrectly drafted document.
6-8 Jun 2012 (Zurich, Switzerland)
This three-day intensive Euromoney Legal Training course will cover all aspects of a loan transaction, concentrating particularly on the agreement itself and on the legal implications of a properly drafted and incorrectly drafted document.
24-26 Sep 2012 (Paris, France)
This Euromoney Legal Training course is the follow on to our ever popular loan documentation training programme that has run for more than ten years. The course will deal with the more structural and commercial side of the loan agreement and will give delegates more opportunities to practice making and responding to comments on the documents.
30 May 2012 - 1 Jun 2012 (London, United Kingdom)
Essential Documentation and Procedural Issues
26-28 Nov 2012 (Paris, France)
This three-day intensive Euromoney Legal Training course will cover all aspects of a loan transaction, concentrating particularly on the agreement itself and on the legal implications of a properly drafted and incorrectly drafted document.
21-23 May 2012 (London, United Kingdom)
An advanced legal guide to taking & enforcing security in the domestic & crossborder transactions
9-11 Jul 2012 (Johannesburg, South Africa)
This three-day intensive Euromoney Legal Training course will cover all aspects of security documentation focusing on the anatomy of the security document itself and the legal ramifications of an incorrectly drafted document.
19-21 Jun 2012 (London, United Kingdom)
19-22 Jun 2012 (London, United Kingdom)
The Euromoney Legal Training course will consist of a series of lectures and workshops that will provide you with a practical insight into dealing with the documentation of loans. By the end of the course you will be thoroughly familiar with the most important aspects of loan documentation.
26-27 Sep 2012 (London, United Kingdom)
By attending Euromoney Legal Training’s newly designed Renewable Energy Project Agreements course, you will understand the important legal issues and other critical aspects involved when structuring and documenting a typical RE Project.
13-14 Jun 2012 (London, United Kingdom)
Mastering commercial contract negotiations accross cultures and languages
8-9 Oct 2012 (London, United Kingdom)
A practical & legal guide to tackling financial crime for companies and global financial institutions
23-24 May 2012 (London - Conference & Workshop)
23-24 May 2012 (London - Conference Only)
24 May 2012 (London - Workshop only)
Ensuring your business is fully up to date on the latest legal and regulatory developments for complex and non-complex UCITS.
28-29 Jun 2012 (London, United Kingdom)
6-7 Dec 2012 (London, United Kingdom)
During this training course you will have the opportunity to critically analyse different legal department structures, models and objectives to enable you to determine what is best for your organisation.
You will explore the evolving complex responsibilities of an in-house legal department and the importance of good people management and learn how to develop and implement a balanced and flexible remit which will enable you to respond rapidly to ever changing business demands while adding demonstrable value to the business.
26-27 Sep 2012 (London, UK)
Course dates