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16th African School for International Financial Law

Euromoney Learning Solutions - Legal Training
Course summary
Length: 5 days
Price: 3,350 - 3,495 GBP excl. VAT
Location: Cape Town
Next available date: 23/10/2017 - Cape Town

16th African School for International Financial Law

Euromoney Legal Training
16th African School for International Financial Law - 5-Day Course

The 16th African School for International Financial Law will provide delegates with a thorough understanding of the contractual framework and key legal issues involved in many international financial transactions.

The highly interactive five-day programme incorporates lectures and workshop sessions to provide participants with ample opportunity to participate in documentation exercises and to develop their abilities in problem solving while equipping them with the knowledge and skills to overcome the many pitfalls in international financial law transactions. 

The course includes the following focus areas:

  • Covenants, events of default and other essential terms of a loan agreement
  • The circumstances in which Intercreditor Arrangements are required
  • Key structural issues in secured lending, such as upstream guarantees and the use of SPVs
  • Risk identification and allocation in project finance
  • The essential terms of a project finance loan agreement
  • Project finance and PPP structures
  • The bankability of Project Documents (Concession contract, construction contract O&M)
  • Security and sponsor support in project finance Working with international financial institutions
  • The different loan transaction structures, including revolving credit and multicurrency facilities

Suitability - Who should attend?

The 16th African School for International Financial Law is aimed at:

  • Lawyers in banks and financial institutions
  • Lawyers in multi-national corporations dealing with international financial transactions
  • Lawyers in practice who advise their clients on international financial transactions
  • Government and international organisations involved in international financing
  • Senior banking executives who are closely involved in legal issues of international financial transactions

Training Course Content

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

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

Security on Contracts and Intercreditor Arrangements

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

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

Project Finance: Legal and Documentation Issues

Project Documents

  • Analysis of the Concession Project Agreement
  • Construction Contracts
  • Operation and Maintenance Contracts
  • Offtake Agreements
  • Key issues of bankability

Workshop: Risk allocation in a Desalination deal – Participants will be split into State, Developer and Bank teams.

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

Expenses

The cost of this course is £3,495 + VAT per delegate, which covers training facilities, documentation, lunches and refreshments for the duration of the programme.

In-House Training

Euromoney also delivers in-house training for teams and departments, giving companies the opportunity to save up to 50% on training costs. Please contact Euromoney for more information.

Provider: Euromoney Learning Solutions - Legal Training

Euromoney Legal Training

With over 60 years of experience, Euromoney Learning Solutions draws on its unique heritage to redefine learning. As a world leading provider of premium public courses, e-learning, books and tailored in-house training programmes, Euromoney Learning Solutions facilitates change in businesses...


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