International Lending Transactions

Subject LAWS70345 (2010)

Note: This is an archived Handbook entry from 2010.

Credit Points: 12.50
Level: 7 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2010:

June, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: The total class time is between 24 and 26 hours.
Total Time Commitment: Visit the Melbourne Law Masters website for more information about this subject.
Prerequisites: Visit the Melbourne Law Masters website for more information about this subject.
Corequisites: Visit the Melbourne Law Masters website for more information about this subject.
Recommended Background Knowledge: Visit the Melbourne Law Masters website for more information about this subject.
Non Allowed Subjects: Visit the Melbourne Law Masters website for more information about this subject.
Core Participation Requirements: Visit the Melbourne Law Masters website for more information about this subject.

Contact

For the most up-to-date information about this subject, contact the Melbourne Law Masters Office by email at law-masters@unimelb.edu.au or phone 8344 6190 or alternatively visit the subject website: www.masters.law.unimelb.edu.au
Subject Overview:

This subject involves the study and analysis of the key provisions of large syndicated credit agreements and ancillary agreements and documents. Emphasis will be placed on understanding the purposes and variations of key provisions and all aspects of the documentation of a loan transaction from the term sheet through closing will be covered.

Students will focus on anticipating potential concerns and tensions in the negotiation process and will have the chance to review and study all the agreements and documents such as the loan agreement, promissory note, guarantees, security documents, intercreditor agreements and other ancillary documents, schedules and deliveries that they will encounter in practice.
Objectives:

A student who has successfully completed this subject should:

  • Understand the structure and key elements of credit agreements
  • Draft syndication and administrative agent clauses
  • Recognise the key elements of New York/English guarantees
  • Negotiate and understand the key representations, covenants and events of default found in market standard credit agreements
  • Compare the advantages of the various interbank money markets
  • Understand the special LIBOR yield protection and breakage clauses
  • Appreciate and negotiate the purposes behind governing law and other boilerplate clauses.
Assessment:

Take-home examination (100%)
(13-16 August)
Prescribed Texts: Visit the subject website for more information
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: Visit the Melbourne Law Masters website for more information about this subject.
Links to further information: http://www.masters.law.unimelb.edu.au/

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