Course overview:
Creditors and borrowers are facing an unprecedented and unpredictable market with many of the debt arrangements put in place during the last three to five years coming under severe pressure.
With the trend for increased leverage of corporations over the past few years driven by high levels of liquidity now resulting in many borrowers struggling to maintain their current debt levels, lenders and investors are having to look at their investment portfolios and loan books to assess the potential risks that holding such investments present.
There are a wide number of options available to manage distressed debt situations. These options range along a sliding scale of severity, from waivers for "technical" defaults to full scale liquidation and enforcement actions in situations where there is no hope of alternative action rescuing a financing arrangement.
It is essential that both creditors and borrowers understand the nature the risks presented by the current market conditions Proactive management of the issues arising from defaulting debt arrangements will assist creditors and borrowers in managing distressed situations in a way that should minimise destruction of value.
How this course will help you
You will:
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Examine current issues in the market
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Learn the key documentary privisions in loan arrangements and bonds
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Explore inter-creditor deeds, the options for creditors and the creditor process
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Appreciate the tactical use of litigation
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Understand UK insolvency issues
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Identify enforcement of security options
- Evaluate issues in emerging markets
Who should attend:
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In-house lawyers in financial institutions, hedge funds, private equity houses, asset managers and investment vehicles
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Corporate counsel
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Bankers concerned with negotiation of restructuring debt
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Lawyers in private practices who advise clients on restructuring debt
Day 1
Current issues in the international debt markets
Stakeholders and timing
Overview of key documentary provisions in an restructuring process
Understanding bond documentation versus loan documentation
Understanding and managing inter-creditor issues
Day 2
EU insolvency issues: insolvency frameworks and COMI
Overview of key uk insolvency procedures and associated issues
Schemes of arrangement and pre-packaged administrations
Understanding debt ot equity swaps
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Issues
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Process
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Documentation
Enforcement options for creditors
Assessing available options for creditors
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Claire Pointing
Claire Pointing
Claire is a solicitor with over 15 years experience in structured finance and capital markets in London and Paris.
Claire has worked at Norton Rose, Cadwalder and Gide Loyrette Nouel, and has advised on numerous European bond, MTN and commercial paper offerings. She is currently a senior member of the debtXplained team which provides market focused reviews and information on high yield transactions, led by Stephen Mostyn-Williams.
In addition to legal practice Claire has worked in strategy consulting with LEK Consulting LLP and has carried out research at Oxford University and New York University School of Law. Claire has also completed the corporate finance programme at London Business School.
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.
3-5 Jul 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.
13-15 Jun 2012 (London, United Kingdom)
13-14 Jun 2012 (London, United Kingdom)
Understanding the Documentation
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.
5-9 Mar 2012 (Johannesburg, South Africa)
A combination of two of Euromoney Legal Training’s most popular courses. The basic Loan Documentation 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. The advanced course will deal with the more structural and commercial side of the loan agreement and will give you more opportunities to practice making and responding to comments on the documents.
16-18 Apr 2012 (Copenhagen, Denmark)
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.
11-13 Apr 2012 (London, United Kingdom)
Essential Documentation and Procedural Issues
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.
27-29 Mar 2012 (London, United Kingdom)
27-30 Mar 2012 (London, United Kingdom)
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.
7-9 Mar 2012 (Amsterdam, Netherlands)
This 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.
23-25 May 2012 (Cairo, Egypt)
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.
This course has now expired please email us to find out when the course will next be running.