This intensive 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.
Participants will be taken step-by-step through the process of documenting a loan, from the early stages of pre-contractual issues, letters of commitment and written offers, through to administrative provisions, representations, covenants, defaults, transfer provisions, guarantees and the eventuality of insolvency.
By attending this course, participants will fully understand the legal implications of a properly drafted and incorrectly drafted document.
Training Objectives
- Learn how to spot the critical issues early in any transaction
- Understand how to best negotiate the documentation so as to attain the best deal possible
- Refine your ability to deal with crucial parts of loan documentation and understand the rights and obligations of syndicate members
- Master the hard and soft provisions of world leading LMA loan documentation
- Develop your understanding of how to securitize, sell or restructure bad loans
Training Outline
- Negotiating loan documentation from both the financier and borrower perspectives
- The interpretation of various clauses under common law
- Enforce-ability issues and potential pitfalls in the drafting and negotiation of guarantees and letters of support
- Different types of securities including mortgages, pledges, liens, constructive trusts, fixed and floating charges, mortgage debentures, and security over property, shares and insurance assignments
Who Should Attend
- In-house lawyers in financial institutions
- Bankers concerned with the negotiation of loans
- Bank executives involved in the documentation of loans
- Lawyers in private practice who advise clients on loan agreements
- Corporate counsel
Industry Expert | Theodoros Zafiropoulos
Theodoros Zafiropoulos is a partner in the Banking and Finance practice in a large global offshore law firm and co-heads its fiduciary team in Cyprus. He regularly acts for multilateral financial institutions, international and domestic banks, private equity funds and corporate borrowers in banking and corporate finance matters. Prior to relocating to Cyprus, Theodoros worked at a global law firm in London, Moscow, Amsterdam (on secondment to a major financial institution) and Athens. He is qualified to practice law in Greece (2003), England & Wales (2004) and Cyprus (2019). Theodoros has extensive experience working with financial institutions and borrowers on restructuring and work-out arrangements, group refinancing transactions and monitoring problem loans. Theodoros also specialises in project finance and energy, advising international oil and gas companies, governments, national oil companies and lenders on major energy transactions. Theodoros also advises on intellectual property law in Cyprus.
Theodoros is a member of the International Bar Association, the Association of International Petroleum Negotiators and the Hellenic Russian Chamber of Commerce, where he previously served on the board of directors before relocating to Cyprus.
Training Style
The training style will include the presentation of all the material using slides and handouts. The trainer will use practical examples from recent transactional experience to elaborate various concepts. Participants will engage in exchange of ideas and sharing of knowledge on the subject matter. Participants will also be able to ask questions and obtain clarifications from the trainer on all the material covered.
CPD Recognition
This programme may be approved for up to 14 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
The Cyprus Bar Association (CyBAR) has confirmed that this programme is accredited for 14 CPD units.
