Of loans and limitations: limitation and the enforcement of syndicated credit agreements

Of loans and limitations: limitation and the enforcement of syndicated credit agreements

This article considers when time begins to run for limitation purposes where a lender, facility agent or security trustee makes a claim under or in connection with a syndicated loan. In doing so, it reviews the operation of limitation periods under ordinary non-syndicated loan contracts, both secured and unsecured.

It concludes that while successful limitation defences against syndicated loan claims will likely be rare, there are potential complications and traps for lenders which may have escaped the notice of borrowers and lenders alike to date, but which merit further attention.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.