The boundaries of a borrower’s freedom to act: negative covenants in loan agreements

The boundaries of a borrower’s freedom to act: negative covenants in loan agreements

 

Louise Gullifer, Professor of English Law at the University of Cambridge discusses negative covenants in loan agreements. Such covenants are not included solely to restrict certain activities by the borrower but also to align the duties of the directors in deciding the activities of the borrower with the len

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About the author:

Miranda is a solicitor specialising in leveraged and acquisition finance. She trained at Hogan Lovells International LLP and qualified into the international banking and finance team. During her time at Hogan Lovells she worked on a variety of domestic and cross-border transactions, acting for both borrowers and lenders. She also experienced secondments to Barclays Bank PLC and Kaupthing Bank hf.