Debt Restructuring. A one day course for lawyers. This course is presented in London on: 3 April 2017, 15 September 2017

Transcription

1 Debt Restructuring A one day course for lawyers This course is presented in London on: 3 April 2017, 15 September 2017 The Banking and Corporate Finance Training Specialist

2 Course Overview In an increasingly volatile and uncertain business climate, the need for successful debt restructuring has become a recurring issue for financiers, during the second decade of the 21 st Century. Protecting the ongoing financial exposure of bankers and financiers, is itself a central theme of the successful restructuring of problem loans and the help that lawyers bring to bankers in structuring and drafting the correct legal documentation for the restructuring Course process, Overview is therefore a key element of the success of debt restructuring programme. This course has been designed for legal experts who provide legal advisory services to bankers and other financiers with a specific emphasis on the restructuring of problem loans. During the day s programme the delegates will review the various different types of restructuring that are currently used in the UK, European and International markets. The attendees will be separated into project teams and through a series of interactive workshops will apply the theory of debt restructuring covered over the day s training, to solve case study problems. The programme will culminate in the preparation and presentation of the key legal aspects of a restructured case study. As the course will only last one day the delegates will be required to review and prepare pre course work which will be applied during the course, particularly during the last session. The course will be delivered by a debt restructuring banking expert and will provide the attendees an overview of problem loan resolution from the prospective of the financier. This will allow the attendees to improve their understanding of the aims of their banking clients in debt restructuring and therefore to improve their ability to properly satisfy their clients needs. By the end of this course participants will understand: The principal aims and challenges faced in financing problem loans Understand the key methods that can be applied to successfully restructured debt facilities Review international methods of debt restructuring Understand the different key legal drivers that can be applied to debt restructuring and debt recovery in the UK and the EU. Alternative debt restructuring methods currently applied in business An organised framework for effective debt restructuring The application of different contracts and agreements between parties participating in the restructuring process. The role and requirement of an independent business review as part of the restructuring process. Key aspects of the loan documentation including the role and importance of security and guarantees.

3 Course Content Session 1 Overview of Debt Restructuring principal drivers for a successful restructuring process Non-performing loans and the challenges faced by bankers Review of common reasons for company default and the creation of non performing loans The aims of the banker in corporate recovery and restructuring Differences in corporate recovery and debt restructuring Debt restructuring versus debt rescheduling Understanding the personal behaviour of defaulting clients International guidance on dealing with different types of problem loan. Different types of restructuring methods Case study Analysis of different cases of problem loans and restructuring case studies Ineos, Pizza Inn Session 2 Insolvency and Restructuring regulation Administration Receivership Liquidation Automatic stay in administration Different rescue procedures Cram down of creditors Position and rights of management Personal liability of directors Ranking and claims of creditors Time limits of filing claims Comparison of Insolvency regulation in the United Kingdom, the European Union and the USA. Case study The participants will analyse the case study of an international problem loan and its resolution through international courts. Session 3 The applied debt restructuring process how to avoid extend and pretend International advice on developing the required restructuring process Deciding whether to leave the borrower in collateral possession Application of the Butler Matrix The IFC framework for problem loan resolution Introduction to Standstill Agreements The need for and negotiating the Standstill Agreement Fairness and equality The position of directors under Standstill Agreements Cooperation between creditors Majority decision making under the Standstill Use and application of Steering Committees Case study Application of the Butler and IFC frameworks. and the negotiation of Standstill Agreements referring to an international case study.

4 Session 4 Security and negotiation - the restructuring process The independent business review and its importance in debt restructuring Company Voluntary Agreements Pre-packs and White Knights Mediation and the London Approach Restructuring documentation checklist Frequently found problems with legal documentation Structuring the restructured loan security Security checklist Other liabilities checklist Notice letters and use Guarantees, completion agreements and comfort letters Loan document issues checklist Insurance policies checklist Waivers checklist Covenants checklist Absolute priority rule Final Case study The delegates will use a UK based corporate case study that was provided for pre course reading to prepare the principal terms and conditions of the restructuring loan documentation. Delegates in their project teams will present their recommendations to the rest of the group. What our clients are saying about the course A very clear and ongoing explanation provided by the presenter A lot of practical information, details and interesting cases The presentation and explanation are very good, the subject matter is covered as hoped and very good 09:30-17:00 London 695 +VAT ( 834) Discounts available for multiple participants: 3-4 participants: 15% discount per participant 5-6 participants: 20% discount per participant 7-8 participants: 25% discount per participant 9 or more participants: 30% discount per participant

5 Delivering this course in-house for you to a number of participants could be very cost effective. enquiries@redcliffetraining.co.uk +44 (0)