Richard Butler

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	-

Cases

AG of Belize v Belize Telecom Ltd [2009] UKPC 10; [2009] 1 WLR 1988 PC
A-G v. Blake [2001] 1 AC 268, [2000] 3 WLR 625 HL
Argo Fund Ltd v Essar Steel Ltd [2006] EWCA Civ 241 CA
Ariston SRL v. Charly Records Ltd (1990) The Independent 13th April 1990
Arklow Investments v Maclean [2000] 1 WLR 594 PC
Arkwright v Newbold (1881) 17 Ch D 301
Arnhold v. A.G. (1989) Construction Law Journal 263
Atmospheric Diving Systems Inc v International Hard Suits Inc (1994) 89 B.C.L.R. (2d) 356 (SC)
Attrill v Dresdner Kleinwort Ltd [2012] EWHC 1189 (QB)
Banco Santander SA v Bayfern Ltd [2000] 1 All ER (Comm) 766
Bankers Trust International v PT Dharmala Sakti Sejahtera [1995] 4 Bank LR 382
Barbados Trust Co v Bank of Zambia [2007] EWCA Civ 418; [2007] 1 Lloyd’s Rep 495 CA
Belmont Park Investments Pty Ltd v BNY Corporate Trustee Services Ltd [2011] UKSC 38; [2012] AC 383 SC
Beswick v Beswick [1968] AC 58; [1967] 3 WLR 932 HL
Birtchnell v Equity Trustees, Executors and Agency Co. Ltd (1929) 42 CLR 384
BNP Paribas SA v Yukos Oil Company [2005] EWHC 1321 (Ch)
Bowen v Brecon Railway Company (1867) LR 3 Eq 541
BP Refinery (Westernport) Pty Ltd v Shire Hastings (1977) 180 CLR 266 PC
Bristol & West Building Society v Mothew [1998] Ch 1
British Electrical Industries Ltd v Pateley Pressings Ltd [1953] 1 WLR 280
British Westinghouse Electric and Manufacturing Co. Ltd v. Underground Electric Railways Co of London Ltd [1912] A.C. 673 HL
Broome v Parkless Co-Op Society [1940] 1 All ER 603
Broughton v Kop Football (Cayman) Ltd [2012] EWCA Civ 1743
C.C.C. Films (London) Ltd. v Impact Quadrant Films Ltd. [1985] Q.B. 16
Canada Steamship Lines Ltd v The King [1952] AC 192 PC
Candler v Crane, Christmas & Co. [1951] 2 KB 164 CA
Caparo Industries plc v Dickman [1990] 2 AC 605 HL
Carlill v Carbolic Smoke Ball Co [1893] 1 QB 256 CA
CEP Holdings Ltd v Steni AS [2009] EWHC 2447
Channel Home Centres, Division of Grace Retail Corporation v Grossman (1986) 795 F. 2nd 291
Chantry Estates v Anderson [2010] EWCA Civ 316 ; 130 ConLR 11
Chartbrook Ltd v Persimmon Homes Ltd [2009] 1 AC 1101 HL
Chillingworth v Esche [1924] 1 Ch 97 CA
Cie Noga d’Importation et d’Exportation SA v Abacha (No 2) [2003] EWCA Civ 1100; [2003] 2 All ER (Comm) 915 CA
Clydebank Engineering and Shipbuilding Co. v. Don Jose Ramos Yzquierdo y Castaneda [1905] A.C. 6
Colchester Borough Council v Smith [1991] Ch 448
Courtney and Fairbairn Ltd v Tolaini Brothers (Hotels) Ltd [1975] 1 WLR 297
CPC Group Ltd v Qatari Diar Real Estate Investment Co [2010] EWHC 1535 (Ch), [2010] C. I.L.L. 2908
Cypjayne Pty Ltd v Babcock & Brown Int [2011] NSWCA 173
Davies v London and Provincial Marine Insurance Co (1878) 8 Ch D 469
Dear v Jackson [2013] EWCA Civ 89
Dearle v Hall (1828) 3 Russ 1
Deepak Fertilisers and Petrochemical Corporation v. Davy McKee (London) Ltd and ICI Chemicals & Polymers Ltd [1999] 1 Lloyds Rep 387 CA
Derry v Peek (1889) 14 App Cas 337 HL
Diestal v Stevenson [1906] 2 KB 345
Don King Productions Inc. v Warren [2000] Ch 291; [1999] 3 WLR 276 CA
Donegal International Ltd v Zambia [2007] EWHC 197 (Comm); [2007] 1 Lloyd’s Rep 397 (QB)
Dunlop Pneumatic Tyre Co Ltd v. Selfridge & Co Ltd [1919] AC 847 HL
Dunlop Pneumatic Tyre Co. Ltd. v New Garage & Motor Co. [1915] A.C. 79 HL
E A Grimstead & Son Ltd v McGarrigan [1998-99] Info. T.L.R. 384; 27 October 1999 CA
E. Pfeiffer Weinkellerei-Weinenkauf GmbH v Arbuthnot Factors [1988] 1 WLR 150
Elliott Assocs LP v Banco de la Nacion 2000/OR/92, 8th Chamber, 26 September 2000, Court of Appeals of Brussels
Elphinstone v. Monkland Iron and Coal Co. 11 App. Cas. 332
Esso Petroleum Co Limited v Mardon [1976] Q.B. 801; [1976] 2 W.L.R. 583 CA
Experience Hendrix LLC v PPX Enterprises Inc [2003] EWCA Civ 323 CA
Financings Ltd v. Baldock [1963] 2 Q.B. 104; [1963] 2 W.L.R. 359 CA
G. Scammell & Nephew Ltd v Ouston [1941] AC 251 HL
Geest plc v Fyffes plc [1999] 1 All ER (Comm) 672
Glencore International AG v Metro Trading International Inc [1999] 2 All ER (Comm) 899
Good v Cheesman (1831) B. & Ad. 328
Gordon v Selico Ltd (1986) 278 EG 53
Granville Oil & Chemicals Ltd v Davies Turner & Co Ltd [2003] EWCA Civ 570; [2003] 1 All E.R. (Comm) 819; [2003] 2 Lloyd's Rep. 356; [2003] 2 C.L.C. 418
Grupo Hotelero Urvasco S.A. v Carey Value Added S.L. [2013] EWHC 1039 (Comm)
Hadley v. Baxendale (1854) 9 Exch. 341
Hardwick Game Farm v Suffolk Agricultural Poultry Producers Association [1969] 2 A.C. 31; [1968] 3 W.L.R. 110 HL
Harris v. Wyre Forest District Council [1988] QBD. 835
Hedley Byrne & Co. Ltd. v. Heller & Partners Ltd. [1964] A.C. 465; [1963] 3 W.L.R. 101 HL
Hendry v Chartsearch Limited CA 23 July 1998
Hillas & Co Ltd v Arcos Ltd (1932) 147 LT 503 HL
IBM United Kingdom Ltd v Rockware Glass Ltd [1980] F.S.R. 335 CA
IBP Inc v Tyson Foods Inc 789 A2d 14 (Del Ch 2001) 65
IFE Fund SA v Goldman Sachs International [2006] EWHC 2887 (Comm); [2007] 1 Lloyd's Rep. 264; [2006] 2 C.L.C. 1043
IFE Fund SA v Goldman Sachs International [2007] EWCA Civ 811; [2007] 2 Lloyd's Rep. 449; [2007] 2 C.L.C. 134 CA
Investec Bank (UK) Ltd v Zulman [2010] EWCA Civ 536 CA
Jeancharm Ltd v Barnet Football Club Ltd [2003] EWCA Civ 58 CA
Johnson v Agnew [1980] AC 367 HL
Johnson v Unisys Ltd [2001] UKHL 518; [2003] 1 AC 518
Jones v Kernott [2011] UKSC 53; [2011] 3 WLR 1121 SC
Kelly v Cooper [1993] AC 205 PC
Kemble v. Farren 6 Bing. 141
Kensington International Ltd. v Republic of the Congo [2003] EWHC 2331 (Comm)
Kingsway Hall Hotel Ltd v Red Sky IT (Houslow) Ltd [2010] EWHC 965 (TCC)
Lim v. Camden & Islington Area Health Authority [1980] A. C. 174 HL
Little v Courage Ltd (1994) 70 P. & C.R. 469 CA
Lombard North Central Ltd. v. Butterworth [1987] Q.B. 527; [1987] 2 W.L.R. 7 CA
Luxor v Cooper [1941] AC 108
Macquarie Internationale Investments Ltd v Glencore (UK) Ltd [2008] EWHC 1716 (Comm)
McDonald v Dennys Lascelles Ltd (1933) 48 C.L.R. 457
MCI WorldCom International Inc v Primus Telecommunications Inc [2004] EWCA Civ 957
Mediterranean Salvage & Towage v Seamar Trading & Commerce Inc. [2009] EWCA Civ 531; [2009] 2 Lloyd's Rep. 639
Merchant Bills Corporation Limited v Permanent Nominees Australia Limited (1972-1973) ALR 565
Meridian International Services v Richardson [2008] EWCA Civ 609
Midland Land Reclamation Ltd v Warren Energy Ltd [1995] O.R.B. No.254
MSAS Global Logistics Ltd v Power Packaging Inc [2003] EWHC 1393 (Ch); Times, June 25, 2003
N.Z.Netherlands Society v Kuys [1973] 1 WLR 1126
Nokes v Doncaster Amalgamated Collieries Ltd [1940] AC 1014
P&O Property Holdings Ltd v Norwich Union Life Insurance Society [1993] E.G.C.S. 69
Peekay Intermark Ltd v Australia and New Zealand Banking Group Ltd [2006] 2 Lloyd's Rep. 511 CA
Petromec Inc v Petroleo Brasileiro SA Petrobras (No.3) [2005] EWCA Civ 891; [2006] 1 Lloyd's Rep. 121 CA
Philips Electronique Grand Public SA v British Sky Broadcasting Ltd [1995] EMLR 472
Philips Hong Kong Ltd v Attorney General of Hong Kong (1993) 61 Build LR 41 PC
Phillips Petroleum Co Ltd v Enron Europe Ltd [1997] C.L.C. 329 CA
Photo Production Ltd v Securicor Transport Ltd [1980] AC 827 HL
Pips (Leisure Productions) Ltd v Walton (1982) 43 P. & C.R. 415
Port of Tilbury (London) Ltd v Stora Enso Transport [2009] EWCA Civ 16
Powell v Lee (1908) 99 LT 284
Public Works Commissioner v. Hills [1906] A.C. 368 and Webster v. Bosanquet [1912] A.C. 394
Quistclose Investments Limited v. Rolls Razor Limited [1970] AC 567 HL
Rackham v Peek Foods [1990] B.C.L.C. 895
RAE Lambert v HTV Cymru (Wales) Ltd [1998] F.S.R. 874 CA
Raiffeisen Zentralbank Osterreich AG v The Royal Bank of Scotland Plc [2010] EWHC 1392 (Comm); [2011] 1 Lloyd's Rep 123
Rainy Sky SA v Kookmin Bank [2011] UKSC 50; [2011] 1 WLR 2900
Rasbora Ltd v JCL Marine Ltd [1977] 1 Lloyd’s Rep 645
Re Pain [1919] 1 Ch 38 at 44
Re Sigma Finance Corp. [2009] UKSC 2; [2010] 1 All ER 571
Red Mountain Finance, Inc. v. Democratic Republic of Congo and National Bank of Congo, Case No. CV00-0164R
Redwood Master Fund Ltd. v. TD Bank Europe Ltd. [2002] EWHC 2703(Ch), [2002] All E.R. (D) 141
Rhodia International Holdings Ltd v Huntsman International Ltd [2007] EWHC 292 (Comm); [2007] All E.R. (Comm.) 577
Ruxley Electronics and Construction Ltd. v. Forsyth [1996] A. C. 344; [1995] 3 WLR 118 HL
Savill Brothers Ltd v Bethell [1902] Ch 523 CA
Scandinavian Trading Tanker Co. v Flota Petrolera Ecuatoriana (‘The Scaptrade’) [1983] 1 QB 529 CA
Shell UK Ltd v Lostock Garage Ltd [1977] 1 All ER 481
Smith v Chadwick (1884) 9 App.Cas 187
Smith v Eric Bush [1990] 1 A.C. 831; [1989] 2 W.L.R. 790 HL
Smith v Land and House Property Corporation (1884) 28 Ch D 7
Smith v South Wales Switchgear [1978] 1 WLR 165 HL
Socimer International Bank Ltd v Standard Bank London Ltd [2008] EWCA Civ 116; [2008] Bus LR 1304 CA
South Australia Asset Management Corporation v York Montague Ltd [1997] AC 191 HL
Spice Girls Ltd v Aprilia World Service BV [2002] EWCA Civ 15
Springwell Navigation Corp. v JP Morgan Chase Bank [2010] EWCA Civ 1221; [2010] 2 CLC 705 CA
St Albans City and District Council v International Computers Limited [1996] 4 All ER 481 CA
Sumitomo Bank Ltd v Banque Bruxelles Lambert SA [1997] 1 Lloyd's Rep. 487 (Comm)
Sumitomo v Xin Hua Estates [2000] 120 HKCU 1; [2000] HKCFI 661
Surrey County Council v. Bredero Homes Ltd [1993] 1 WLR 1361; [1993] 3 All E.R. 705 (CA)
Sutherland Shire Council v Heyman (1985) 60 ALR 1
Tancred v Delegoa Bay and East Africa Railway (1889) 23 QBD 239
Terrell v Mabie Todd and Co Ltd (1952) 69 R.P.C. 234
Thomas v Thomas (1842) 2 QB 851
Thomas Witter Limited v TPB Industries Limited [1996] 2 All ER 573
Titan Steel Wheels Ltd v Royal Bank of Scotland Plc [2010] EWHC 211 (Comm); [2010] 2 Lloyd's Rep. 92; [2012] 1 C.L.C. 191
Tolhurst v Associated Portland Cement Manufacturers Ltd [1902] 2 KB 660, 668
Torkington v Magee [1902] 2 KB 427
Torre Asset Funding Ltd v Royal Bank of Scotland Plc [2013] EWHC 2670 (Ch); (2013) 157(35) S.J.L.B. 41
Trollope & Colls Ltd v North West Metropolitan Regional Hospital Board [1973] 2 All ER 260
Twinsectra v. Yardley [2002] 2 AC 164; [2002] 2 WLR 802 HL
UBAF Ltd v European American Banking Corp (The Pacific Colocotronis) [1984] Q.B. 713; [1984] 2 W.L.R. 508 CA
UBH (Mechanical Services) v Standard Life The Times, November 13, 1986
United Pan-Europe Communications NV v Deutsche Bank AG [2000] 2 B.C.L.C. 461 CA
Vandepitte v Preferred Accident Insurance Corporation of New York [1933] AC 70, 79 HL
Von Hatzfeldt-Wildenburg v Alexander [1912] 1 Ch 284
Walford v Miles [1992] 2 AC 128, 138; [1992] 2 WLR 174 HL
Webster v. Bosanquet [1912] A.C 394
Williams v Roffey Bros & Nicholls (Contractors) Ltd [1991] 1 QB 1 CA
Wilson v Wallani (1880) 5 Ex D 155
With v O'Flanagan [1936] Ch 575 CA
Youell v Bland Welch & Co Ltd [1992] 2 Lloyd’s Rep 127
Zentralbank Osterreich AG v The Royal Bank of Scotland Plc [2010] EWHC 1392 (Comm); [2011] 1 Lloyd's Rep 123

Solicitor, Chartered Arbitrator and Commercial Mediator

Module G08 - Liabilities under Syndicated Loan Agreements

Programme

Cases

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