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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
  • This course forms Module 2 of the Loan Documentation School (Modular Course)

     

    This module takes place over two short (5 hours) days and builds on Module 1 - our ever popular “Loan Documentation” program. This module gives delegates the opportunity to debate some of the key clauses in the loan agreement (and discussed in Module 1) in a highly practical workshop. For this purpose delegates will be expected to have a working knowledge of the key clauses and issues listed in the section on prerequisites
    The course also looks at how the commercial context will affect the documentation - focussing in particular on project and asset finance. Finally, it also covers the other documents in a loan financing package – the security, intercreditor arrangements and legal opinions and the issues which those documents address.

     


    This course will help you
    • Consolidate your understanding of the commercially important points in the documentation package
    • Appreciate the linkage between different documents in the financing package
    • Master the important legal issues which commonly arise in a financing transaction including what can go wrong, where, and how to minimise the risks of this happening
    • Improve your understanding of intercreditor agreements and of the different types of subordination
    • understand the key features of asset and project based loans and
    • understand the impact of security on the documentation and on the transaction process

    Prerequisites


    Delegates will need to have a working knowledge of the following topics. These topics will either not be covered at all on this course, or, where they are discussed, the discussion will be at a detailed level, requiring participants to already understand the basics. If you are unfamiliar with any of these please attend the “Loan Documentation” course first.


    • Title financing (or quasi security)
    • Default (as opposed to Event of Default)
    • “continuing” Events of Default
    • LIBOR discontinuation and replacement
    • Witholding tax and the gross up clause
    • FATCA
    • The role of the representations and repeating representations
    • Negative pledge
    • Pari passu
    • Cross default
    • Material adverse change clause
    • The role of the Agent in a syndicated loan
    • Methods of transferring loans
    • Reservation of rights letters

     

    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 course will be run using meeting rooms technology. To find out more contact learning@euromoney.com

    Start time each day will be 9am EST (Eastern Time Zone, USA)
     
    Day 1
    The Loan Agreement in different contexts - 1.5 hours
     
    • Structural issues
      • Group or individual borrower?
      • Lending to spe
      • Structural subordination
    • Corporate, project and asset finance
     Loan Agreement Workshop 2.5 hours
     
    • Review borrower’s comments on a loan agreement and decide on lender’s response
    • Review workshop

    Day 2

    Intercreditor issues - 1.5 hours

    • Subordinated debt and subordinated security
    • Different methods of subordination of debt
    • The issues to be addressed by an intercreditor agreement
    • Review clauses from an intercreditor agreement

    Security - 1.5 hours
     
    • Workshop
    • application of funds clauses
    • Impact on documents and transaction
    • Types of security
    • Guarantees
     
    Due diligence and legal opinions - 1 hour
     
    In what circumstances might obligations be avoided or become unenforceable?
     
    • Financial assistance
    • Ultra vires
    • Commercial benefit
    • Preferences
    • Transactions at an undervalue
    • Registration
    • Penalties
    • Administration
    • Interference with contacts

    What law applies?

    Types of legal opinion
  • 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.