Course overview:
Euromoney Legal Training is proud to present the 10th African School for International Financial Law. This highly interactive and practical course covers a wide range of topics including international lending and project financing in five intensive days. The school, an essential tool for today's international financial lawyer, focuses on the key legal issues and contractual framework governing many international financial transactions.
Throughout the five days, lectures and workshop sessions will alternate, providing you with several opportunities to participate actively in documentation exercises and enhance your ability in solving practical problems, while equipping you with the knowledge to overcome the myriad of pitfalls in international financial law transactions. Prior to the course participants will receive a study pack, which is essential background reading for the course.
Why you should attend:
A team of expert consultants will offer their expert advice throughout the five days. Attendees of this practical & interactive event will return to their offices with a thorough understanding of the key legal issues involved in international financial transactions. You will leave this course better equipped to deal with the daily demands you face in the workplace.
Who should attend:
The School will examine key legal and documentational issues arising in international financial transactions and is geared towards:
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Lawyers in banks and financial institutions
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Government and international organisations involved in international financing
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Lawyers in multi-national corporations dealing with international financial transactions
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Lawyers in practice who advise their clients on international financial transactions
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Senior banking executives who are closely involved in legal issues of international financial transactions
Day 1
Monday 31st October 2011
International Lending
§ The most common structures of loan transactions
Single banks and syndicated loans
Term loans and revolving credit facilities
Single currency and multi-currency facilities
Loan and guarantee facilities
Secured and unsecured facilities
§ Interbank markets
Interest period and interest rates
Match funding
Broken funding costs
§ Common terms of the loan agreement
Administrative provisions
Representations
Workshop - Part 1: common expressions used in International Banking
§ Examining the common terms of the loan agreement
Covenants
Events of default
Workshop - Common terms of the loan agreement – Boilerplate provisions and tax
Indemnities
Set-off clause
Jurisdiction and governing law provision
Gross up clause
Loan transfers
Day 2
Tuesday 1st November 2011
Secured Lending
§ Structural issues
Structural subordination
Upstream guarantees
Limitation on recourse
Use of spvs
§ Security Documentation overview
Security
The right in rem
The undertakings
The application of funds
The due diligence
Key legal issues
Governing law and jurisdiction
What courts have jurisdiction to deal with disputes in an international context
What law will be applied
§ Clawback/unenforceability
§ Due diligence
Day 3
Wednesday 2nd November 2011
Security on Contracts and Intercreditor arrangements (Morning)
§ Security on Contracts
Commitments to inject capital
Put options, leases, offtake agreements and other contractual support
Contract assignments
§ Intercreditor Arrangements
The circumstances in which an intercreditor is required
Subordination of debt and security
Workshop - review extracts from an intercreditor agreement
Project Finance: Legal and Documentation Issues (Afternoon)
§ Introduction
What is project finance
PPP,PFI
Benefits
Issues
§ Risk Identification and Allocation
The players and their risks
The Risks-external and internal
How are they allocated
Techniques of risk mitigation and avoidance
Day 4
Thursday 3rd November 2011
Project Finance: Legal and Documentation Issues
Workshop - Preparation of Risk Matrix for Projects in different sectors (including trains, prisons,roads and hospitals)
§ Contract Structure and Key Project Agreements
Structure explained
Analysis of the Concession9Project0Agreement
Construction Project
Operatoin and Maintenance Contract9FM Contract0
Offtake Agreement
Key issues of bankability
Workshop - Risk allocation and structure of contracts in a Power Station deal - Team exercise
Day 5
Friday 4th November 2011
Project Finance: Legal and Documentation Issues
§ Comparison between project finance structures and PPP structures
§ Comparison of user paying structures and government paying structures (shadow toll or availability payments)
Workshop - Risk allocation and structure of a typical renewable energy project i.e. wind farm
§ IFC/World Bank/ADB Project Structure with case examples, including Senegal Toll Road
§ Security Package,Support documents,Equator Principle
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John D. Crothers
John D. Crothers is a partner in the Paris office of Gide Loyrette Nouel. His practice concentrates on project finance, banking and privatisation in both the developing and developed world. John has advised international financial institutions, concession companies, operators, contractors and bidding consortia in infrastructure projects ranging from toll roads to IPPs, water treatment facilities and desalination facilities.
Prior to joining Gide Loyrette Nouel, John was counsel to the EBRD in London and thus has in-depth knowledge of how to work with IFIs. John is a member of the Bar in New York and Paris.
Courses run by this instructor
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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.
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9-12 Jul 2012 (London, United Kingdom)
Many international commercial agreements are subject to English law. Often non-UK lawyers are faced with unfamiliar legal concepts and requirements. To overcome these hurdles and help lawyers become truly international, Euromoney Legal Training has created this practical and interactive training course.
9-13 Jul 2012 (London, United Kingdom)
Swaps and other OTC derivatives have grown both in volume and in complexity over the years. They provide flexible, effective and valuable tools for risk management and investment. On the other hand, they were blamed by some for the recent financial crisis largely due to their role in structured financings. Swaps are legally complex, a fact that frequently leads to litigation. To protect all parties involved, transactions must be properly documented
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9-13 Jul 2012 (London, United Kingdom)
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9-13 Jul 2012 (London, United Kingdom)
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13-14 Mar 2012 (London, United Kingdom)
6-7 Sep 2012 (London, United Kingdom)
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This course has now expired please email us to find out when the course will next be running.