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The Law of Multi-Bank Financing

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Combining doctrinal, practical, and comparative approaches The Law of Multi-bank Financing provides a comprehensive analysis of the legal and regulatory facets of multi-bank financing (particularly...
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  • 15 January 1998
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Combining doctrinal, practical, and comparative approaches The Law of Multi-bank Financing provides a comprehensive analysis of the legal and regulatory facets of multi-bank financing (particularly loan syndications and loan participations) as well as developing a conceptual framework that allows a consistent and rational approach to these financial practices.

The book includes chapters on what multi-bank financing is and who does it, relevant areas of law (including contract, torts, insolvency, tax, and statutes, such as the Bank Act), the mechanics of arranging loan syndications and loan participations, financial accommodation used (direct loans, bank guarantees, letters of credit, and bankers' acceptances), legal relations between parties in loan syndications and loan participations, rights and duties of the agent bank, securities regulation issues in loan syndications and loan participations, and accounting and tax issues in loan syndications and loan participations. Agasha Mugasha argues that loan syndications, loan participations, and related practices are commercial transactions between sophisticated parties and should be analysed and regulated as such. Sample documents for syndicated facility agreements, participation agreements, sale and participation agreements, and standby letters of credit are provided in appendices.

Based on law in Canada, particularly Ontario, The Law of Multi-bank Financing includes discussions of a significant body of United States jurisprudence as well as the most important court decisions in other common-law countries.

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Price: $125.00
Pages: 552
Publisher: McGill-Queen's University Press
Imprint: McGill-Queen's University Press
Publication Date: 15 January 1998
ISBN: 9780773516281
Format: Hardcover
BISACs: LAW / General, LAW / Banking
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"The Law of Multi-bank Financing is a comprehensive and carefully documented exposition of a very topical branch of international banking law. It is intensely practical in so far as it focuses on contemporary practices, the terms of contract, the parties' relationships, and the legal principles applicable at every stage of the evolving relationships." Jacob Ziegel, Faculty of Law, University of Toronto