VAT on Virtual and Online Programmes
Claiming Back Your VAT
All attendees of a London based course incur VAT as a part of the cost of attendance.
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Claim the VAT that's rightfully yours in four simple steps:
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Why choose VAT IT
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Can I claim back the VAT myself?
You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form.
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Loan Documentation School
“It gives you a thorough understanding of the fundamentals of international loan documentation”
Head, Rizal Commercial Banking Corporation
“Well structured and clear. Excellent trainer!”
VP, BNP Paribas Singapore
Module 1: Loan Documentation (Days 1-2)
Module 2: Advanced Loan Documentation (Day 3)
Loan Documentation is an intensive course that covers 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. Delegates 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.
Advanced Loan Documentation builds on the content of the first module - 'Loan Documentation' and it focuses on the practical interactive workshops on the key issues and on detailed comments on the agreement. The course is highly interactive, giving participants a more detailed understanding of the loan documentation in practice. It builds on the previous module by looking at the loan agreement in different commercial contexts and at structural issues which commonly arise.
Summary of course content
- Start from pre-contractual issues and explore the key clauses in a loan agreement
- Spot key issues and deal with comments
- Avoid conflicts between representations, conditions precedent, undertakings and
- events of default
- Review the loan agreement in different commercial situations: Project corporate
- and asset based financings
- Review contractual support arrangements
- Examine common intercreditor arrangements
This course will be run via Meeting Rooms technology, and will be divided into distinct sessions allowing the participants to network with peers and gain insight from the facilitator
This course is both practical and interactive. It has been designed to be immediately relevant to lawyers and bankers involved in loan documentation. Through a series of formal lectures, group discussions and virtual workshops, delegates will cover all aspects of loan transactions, concentrating particularly on the agreement itself.
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 firstname.lastname@example.orgStart time each day will be 9am BST (British Summer Time)
This course is made up of 2 modulesModule 1 - Loan Documentation
Module 2 - Advanced Loan Documentation.
Delegates will be able to attend Module 1 as a standalone course, or choose to attend this school with the advanced module. The virtual advanced module cannot be attended individually.
Module 1 - Loan Documentation
- Financing choices
- Loan markets/capital markets;
- Long term debt/current liabilities
Key IssuesWe will discuss the overarching issues which lenders and borrowers will be watching out for when reviewing the documentation – followed by a workshop where participants will discuss key issues in practice
- • Loan types
- Single bank /syndicated;
- Project/corporate/asset/limited recourse;
- Loan/l/c/guarantee facilities
- Money issues
- Different interest rate options
- Impact of Basle regulations
- Risk free rates and the transition from LIBOR
- Default Interest
- Witholding tax, gross up and FATCA
- Overview of the loan agreement and security documents
- What is where and why?
- How to find your way around the documentation quickly
- Issues with Definitions
- Moving definitions
- Operative provisions
- Uncapitalized definitions
- Multiple application
- Some key definitions
- Break cost
- Defaulting Lenders
- Financial Indebtedness
- Majority Lenders
Participants will discuss and explain expressions commonly used in international finance
- Mechanical Provisions
- Drawdown and conditions precedent
- Increased costs
- Change of control
Repeating representationsIncluding a workshop to identify the impact of repeating representations and the interrelation between repeating representations and other parts of the document Break
- Topics of representations including
- Common comments on Information representation
- Pari passu
- Information Undertakings
- Financial ratios
- Common ratios
Events of Default
- General Undertakings including
- Negative pledge and
- No disposals
- Big Picture
- Purpose and mechanics
- Remediable Events of Default?
- Cross default
- Other Events of Default
- Material Adverse Change
- Loan transfers
- Credit derivatives
- Agent’s role and protections
- Anti estoppel clause and reservation of rights letters
Module 2 - Advanced Loan Documentation
Day 3Intercreditor Arrangements
- By time?
- By security?
Loans in different contexts
- Issues to be addressed in the agreement
- Review extracts from intercreditor agreements
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 undertakingsBreak
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
- Transactions at an undervalue
- Interference with contacts
- Financing choices
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
BiographySue Wright is a solicitor with over 18 years 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 at Norton Rose 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.