Course overview:
Euromoney Legal Training is proud to present the 11th 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:
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
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
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
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
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
How are they allocated
Techniques of risk mitigation and avoidance
Workshop - Preparation of a Risk Matrix
Day 4
Project Finance: Legal and Documentation Issues
§ Project Documents
Analysis of the Concession Project Agreement
Construction Project
Operatoin and Maintenance Contracts
Offtake Agreements
Key issues of bankability
Workshop - Risk allocation in a Desalination deal
Day 5
Project Finance: Legal and Documentation Issues
§ The Project Finance Loan Agreement
What differences with corporate finance?
§ Non-recourse structures and exceptions
§ Dealing with IFIs and Bilaterals
§ Security packages
Workshop - Challenges of African Project Finance
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This course instructor 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. He 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, the course instructor was counsel to the EBRD in London and thus has in-depth knowledge of how to work with IFIs. He is a member of the Bar in New York and Paris.
Courses run by this instructor
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The Course Director is an English solicitor with over 20 years experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions.
She was a partner in the banking department at Norton Rose for 8 years and was responsible for training for 2 years. She was head of professional development at Herbert Smith. She has been highly recommended as one of the leading experts in her field by Legal 500 and by Chambers. She is the author of “International Loan Documentation” and is a highly sought after trainer.
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.
11-15 Nov 2013 (Cape Town, South Africa)
This highly interactive and practical course covers a wide range of topics including international lending, derivatives and project financing in five intensive days.
11-13 Nov 2013 (London, United Kingdom)
This intensive three-day Euromoney Legal Training course is ideal for lawyers and others, who,
whilst not working directly in functions requiring a
detailed knowledge of finance, need to be familiar
with the overall concepts and language used in
financial analysis, credit transactions and other
corporate finance activities.
17-18 Jun 2013 (Limassol, Cyprus)
This two-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.
11-12 Jun 2013 (London, United Kingdom)
10-11 Dec 2013 (London, United Kingdom)
This course reviews specific issues that typically arise when you negotiate or enforce a commercial contract. We look at representations and warranties, indemnities, clauses to limit liability, clauses to manage delay or default in performance, and clauses needed in international agreements.
18-31 Aug 2013 (Oxford, United Kingdom)
Euromoney’s Summer School has developed an enviable reputation as the premier international financial law event on the training calendar.
This residential school offers an unequalled opportunity for lawyers from around the world to learn the principles and practice of international financial law from expert practitioners.
Over two weeks, the Summer School will cover a substantial range of topics, including international borrowing and lending, capital markets, new financial instruments and techniques, trade and project related financing, and securitisation.
Moreover, the Summer School has a strong practical orientation; it provides guidance and advice on how to identify, approach and solve the legal problems posed by international financial transactions.
Case studies and workshops provide opportunities for participants to study actual transactions and become involved in documentation and negotiation exercises.
1-4 Jul 2013 (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.
15-19 Jul 2013 (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
1-5 Jul 2013 (London, United Kingdom)
This five-day Euromoney Legal school will be invaluable in increasing your knowledge and understanding of the key legal and contractual issues in international project finance and improve your ability to solve practical problems.
1-5 Jul 2013 (London, United Kingdom)
At this school Dr Ken Mildwaters, an acknowledged international expert with a wealth of experience in helping clients to formulate successful and effective business partnerships, will discuss with participants why parties come together in a cooperative endeavour to undertake a phase of a project, the legal forms they might use in so doing, the relationships created by the forms and the principle legal and commercial issues that affect those relationships.
11-12 Sep 2013 (London, United Kingdom)
This Euromoney Legal Training course reviews specific issues that typically arise when you negotiate or enforce a commercial contract. We look at representations and warranties, indemnities, clauses to limit liability, clauses to manage delay or default in performance, and clauses needed in international agreements.
9-10 Sep 2013 (London, United Kingdom)
This highly interactive Euromoney Legal Training course is designed to give today's lawyer the drafting and writing techniques needed to operate effectively in today's competitive markets. It examines in detail competent writing in all forms of business communication and at all stages of drafting, negotiating and enforcing contracts.
7-8 Oct 2013 (London, United Kingdom)
A practical & legal guide to tackling financial crime for companies and global financial institutions
24-25 Jun 2013 (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.
24-25 Jun 2013 (London, United Kingdom)
26-27 Sep 2013 (London, United Kingdom)
An Essential and Practical guide for In-house Lawyers, Company Secretaries and Compliance Officers
16-18 Jun 2013 (Manama, Bahrain)
Many international commercial agreements are subject to English law and often non-UK lawyers are faced with unfamiliar legal concepts and requirements. To overcome these hurdles and to help lawyers become truly international, Euromoney
Legal Training has created this practical and interactive training course.
23-24 Sep 2013 (London, UK)