Course details

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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting learning@euromoney.com

 

Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.


Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund




Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 


Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.

 

You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

Advanced Loan Documentation

The course studies the structural and commercial side of the loan agreement
  • IMPORTANT: This course is available to attend as a 2-day standalone course only.   If you have previously attended our Loan Documentation virtual course, you will find that day 1 is a recap day of this course.   Delegates who have previously attended our Loan Documentation course, should contact learning@euromoney.com to find out if attending the full 2 days will be necessary.

     

     


    This course is the follow on to our ever popular loan documentation training programme that has run for more than ten years. The course will deal with the more structural and commercial side of the loan agreement and will give delegates more opportunities to practice making and responding to comments on the documents.

    In three days the course will cover a substantial range of topics including structural issues, contractual support arrangements, key clauses in the loan agreement, the loan agreement in different commercial contexts and legal issues that arise in financing transactions.

    The course will consist of a series of lectures and workshops that will provide you with a practical insight into dealing with the documentation of loans. By the end of the course you will be thoroughly familiar with the most important aspects of loan documentation.

    This course will help you

    • Understand the essential elements of various loan transactions
    • Appreciate how to avoid the conflict between representations, conditions precedent, undertakings and events of default
    • Gain a thorough understanding of different forms of contractual support and their advantages and disadvantages as compared with claims in debt
    • Discuss a variety of issues and comments on the loan agreement which are commonly raised by borrowers
    • Improve your knowledge of other common financing documents including a contract assignment and a subordination agreement
    • Be able to negotiate key clauses in a financing package
    • Master the important legal issues which commonly arise in a financing transaction including trusts and fiduciary duties
    All participants on our Loan Documentation training courses will receive a complimentary copy of “The Handbook of International Loan Documentation”, written by our expert faculty, Sue Wright. ISBN 978-1-137-46758-4

     Who should attend

    • In-house lawyers in banks and financial institutions
    • Bankers concerned with the negotiation of loans
    • Bank executive involved in the documentation of loans
    • Lawyers in private practice who advise clients on loan agreements
    • Corporate counsel
    • Credit control officers
    • Credit administration officers
    Note - A good level of spoken and written English is required to attend this course. Delegates should be of an intermediate standard in English at a minimum. Please refer to the Common European Framework of Reference for Languages - as a guide the level required is B2.
  • This virtual course directly follows our Loan Documentation training.   

    The course will run using video conferencing technology.

    The course will run from 9am - 12pm and then 2pm - 5pm each day.

    All times GMT (Greenwich Mean Time)

    for more information, please contact learning@euromoney.com 

     

     

     

    Day 1

    Review of key loan agreement issues

    • “Relevant companies”
    • Conflict between representations, conditions precedent, undertakings and events of default
    • The Pari Passu clause
    • The negative pledge
    • The cross default clause
    • The material adverse change clause
    • Linking the loan to the borrower’s rating
    • “Material”, “reasonable” worth the debate?
    • Grace periods
    • Prepayment events
    • Subjectivity and control in the context of events of default

    Workshop 1: review clauses from a loan agreement and identify key issues for the borrower.

     

    The loan agreement in different commercial contexts

    Comparison of provisions appropriate to a corporate risk, project risk and/or an asset risk

    • Drawdown
    • Financial ratios
    • Undertakings
    • Defaults
    • Additional considerations where the borrower is a special purpose company
    • Homework preparation for workshop 2

    Workshop 2: review comments from a borrower on a loan agreement and consider the bank’s response.


    Day 2

     

     


    Intercreditor Arrangements
    • Subordination
      - Structural
      - Equitable;
      - Contractual
      - By time?
      - By security?
    • Issues to be addressed in the agreement
    • Review extracts from intercreditor agreements
    Loans in different contexts

     

    Comparison of key clauses and issues from asset based lending; project based lending and corporate based lending. We will focus on the drawdown provisions, the financial ratios and the undertakings
     Break
     What can go wrong?

    We will highlight common legal issues which give rise to problems in structuring and documenting loans including discussion of the international aspects and legal opinions. The aim is to enable participants to identify areas which could give cause for concern and which might need particular attention during the due diligence process
    • Financial assistance
    • Ultra vires
    • Commercial benefit
    • Preferences
    • Transactions at an undervalue
    • Registration
    • Penalties
    • Administration
    • Interference with contacts

  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Sue Wright

    "I draw on my 20 years' experience as an English solicitor to run highly acclaimed training on loan documentation, international financial law and ship finance."

    Biography

    Sue Wright is a solicitor with over 18 years of experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions. She was a partner in the banking department at Norton Rose for 8 years and was responsible for training assistants there for 2 years. Sue has been highly recommended as one of the leading experts in her field by the Legal 500 and by Chambers. She was the Head of Professional Development at Herbert Smith and is now running an independent training consultancy, specialising in international banking.