Law of international finance: syndicated loans
This course is about an important way in which large companies raise vast amounts of money. One solution for businesses that want to borrow large amounts of money is to ask several banks – a syndicate – with each to lend part of the money. This is an enormous market and across the world in 2015 borrowing through syndicated loans reached 4.7 trillion US Dollars. It’s also an international market, and because of its global importance as a finance centre London is one of the main places where such deals are arranged. These deals raise a lot of interesting legal issues. What legal system applies to the deal? The deals often involve parties across a number of countries. Another problem is the nature of the relationship between the various parties and the terms that apply to the deal. These issues among many others are covered in this engaging course.