Module G08 - Liabilities under Syndicated Loan Agreements


Programme
Cases

Programme

Time

-

Activity

Type of activity

0900-0915

1

Registration

-

0915-0930

2

Introduction

-

0930-0950

3

Some general principles of English law of contract

  • Interpretation
  • Consideration/Deeds
  • Third party rights
  • Unfair terms
  • Good faith
  • Best/reasonable endeavours
  • Repudiatory breach/Termination
  • Damages

Tutor led session

0950-1010

4

Group Work

Group work session

1010-1030

5

Some general principles of English law of tort

  • Negligence
  • Negligent misstatement
  • Misrepresentation
  • Damages

Tutor led session

1030-1040

6

Group Work

Group work session

1040-1050

7

Some general principles of English law of trusts/fiduciary duties

  • Equity & the common law
  • Nature of trustee duties
  • Fiduciaries
  • Remedies in equity

Tutor led session

1050-1100

8

Coffee

-

1100-1120

9

Group Work

Group work session

1120-1150

10

Mandate letters

  • Subject to contract
  • Committed offer or indicative
  • Best efforts
  • Incorporation of standard clauses
  • Market flex and unfair terms
  • Material adverse change condition
  • No assignment
  • Entire agreement
  • Fiduciary duties of agent/arranger?

Tutor led session

1150-1220

11

Group Work

Group work session

1220-1250

12

Information memorandum/pack

  • Duties of arranger/borrower/advisors
  • Misrepresentation
  • Negligent misstatement
  • Breach of warranty
  • Breach of fiduciary duty
  • Damages
  • Exclusion clauses/disclaimers
  • Borrower indemnities

Tutor led session

1250-1400

13

Lunch

-

1400-1430

14

Group Work

Group work session

1430-1500

15

Syndicated loan agreements

  • Several liability of syndicate members to borrower
  • Relationship between banks and majority provisions
  • Individual banks’ remedies against the borrower
  • Conditions precedent to utilization request and waiver
  • Representations & warranties (and the differences between them)
  • Pari passu ranking
  • Amendments

Tutor led session

1500-1515

16

Tea

-

1515-1600

17

Group Work

Group work session

1600-1645

18

Loan trading

  • Unilateral contracts and the standing offer to transferees
  • Novation and transfer certificates
  • Assignability of benefits and burdens
  • Legal and equitable assignment
  • Declarations of trust
  • Unfair contracts

Tutor led session

1645-1700

19

Group Work

Group work session

1700

20

END OF COURSE

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Cases