Tips and traps for in-house lawyers: key issues in a lending transaction
Produced in partnership with Olivier Hensby, senior in-house counsel
Tips and traps for in-house lawyers: key issues in a lending transaction

The following Banking & Finance practice note produced in partnership with Olivier Hensby, senior in-house counsel provides comprehensive and up to date legal information covering:

  • Tips and traps for in-house lawyers: key issues in a lending transaction
  • The role of an in-house lawyer in a lending transaction
  • The pre-mandate letter stage of a lending transaction
  • The mandate letter stage of a lending transaction
  • The Facility Agreement
  • The intercreditor agreement and the subordination arrangements
  • The security and guarantee documents
  • The conditions precedent and the signing and closing process
  • Original documentation and filings

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers?

The extent of an in-house counsel’s involvement in a lending transaction will be dictated by the ambit of their role and to a large extent by the complexity of the transaction. In some organisations, an in-house counsel will have a purely 'advisory' role setting out relevant policies for the business teams to implement and as such will not be actively involved in the day-to-day running of a lending transaction but will step in on ad-hoc business queries and where a deviation of policy occurs. Conversely in other organisations, the in-house counsel will have a 'transactional support' role pursuant to which such counsel will be actively involved in the day-to-day running of a lending transaction with the business or commercial team (this may range from a purely legal support role to a transaction management/execution role).

For more information about the role of

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