LEGAL STATUS OF PARTICIPANTS OF INTERNATIONAL SYNDICATED LOAN TRANSACTIONS
DOI:
https://doi.org/10.17721/apmv.2016.127.2.65-72Abstract
The article reveals legal issues related to the status of participants of international syndicated loan transactions – the arranging bank (lead manager), the agent bank, the banks participating in the international syndicate, the borrower. In particular, the author of the article makes comparison of the legal status of the arranging bank and the agent bank taking into consideration their functions and powers, specifics of relations with other banks and the borrower.
Special attention is paid to the liability of the lead manager for the contents of the information memorandum sent to the potential participants of the international syndicate at the preparatory stage. The article also covers specific issues related to use of the international syndicated loan agreement as a single agreement defining the legal basis of interaction of all participants of this transaction, their rights and obligations, liability for violation of the contractual obligations incurred by the participants.References
Kovtoniuk О. Osnovni etapy rozvytku syndykovannoho kredytuvannia u sviti ta yoho spetsyfika iak skladovoyi finansovoho zabezpechennia mizhnarodnykh operatsiy / О. Kovtoniuk // Visnyk Kyivskoho natsionalnoho universytetu imeni Tarasa Shevchenka. Seriya ≪Ekonomika≫. – 2009. – Vyp. 116. – P. 49-52.
Tsyhanov S. А. Osoblyvosti formuvannia rynku syndykovannoho kredytuvannia u krayinakh iz transformatsiynoyu ekonomikoyu / S. A. Tsyhanov, A. M. Yanshyna // Finansy Ukrayiny. – 2008. – № 8. – P. 11-19.
Wood P. R. International Loans, Bonds, Guarantees, Legal Opinions, 2nd ed. – London : Sweet & Maxwell, 2007.
Tennekoon R. C. The Law and Regulation of International Finance / R. C. Tennekoon. – London : Butterworths, 1991.
Mugasha A. The Law of Multi-Bank Financing. Syndicated Loans and the Secondary Loan Market / A. Mugasha. – Oxford : Oxford University Press, 2007.
Masyna О.S. Syndykovani kredyty yak instrument zaluchennia resursiv na mizhnarodnykh finansovykh rynkakh / О.S. Masyna // Formuvannia rynkovykh vidnosyn v Ukrayini. – 2011. – № 11. – P. 85-88.
Grazhdanskoe pravo: V 4 t. Tom 4: Obiazatelstvennoe pravo: Uchebnik / Оtv. red. Ye. А. Sukhanov / – М. : Wolters Kluwer, 2008.
Lazebnyk L. L. Mizhnarodne finansove pravo: Navch. posibnyk / L. L. Lazebnyk. – К. : Tsentr uchbovoyi literatury, 2008.
