East Africa Syndicated Loans Training Day 2017

East Africa Syndicated Loans Training Day 2017
27 July 2017, 09:15 - 17:00
Windsor Golf Hotel, Kigwa Lane, Ridgeways, Off Kiambu Road, Nairobi, Kenya
The LMA is holding a one-day training session in Nairobi on 27 July 2017. Presentations will be delivered by senior professionals working in the loan market who have first-hand experience and knowledge of the industry.
Topics will include:
- Intercreditor agreements
- Cross- border transactions
- Financial covenants
- Restructuring and distressed debt transactions
LMA are accredited by the Kenyan Law Society and this event has been awarded 1 CPD unit. Please note, there is a fee of 1,000 Kshs when requesting the CPD unit from the Kenyan Law Society.
This event is open to LMA members only and is free of charge.
Please register online by clicking the red "Book Now" icon below and entering your details before pressing the submit button.
You will need first to have logged on using your individual username and password in order to view the "Book Now" icon below to apply. If you cannot see the "Book Now" icon, you have not logged in.
To create a username and password, click here. If you have forgotten your password, click here.
Duration: 27 July 2017, 09:15 - 17:00
Who can attend: Members Only
Price: Free Event
Contact Name: Darcie Bone
Contact Email: darcie.bone@lma.eu.com
East Africa Syndicated Loans Training Day 2017
27 July 2017, 09:15 - 17:00
Windsor Golf Hotel, Kigwa Lane, Ridgeways, Off Kiambu Road, Nairobi, Kenya
- Methods of achieving priority
- Why have an intercreditor agreement?
- Structural vs. contractual subordination
- Why creditors might have competing needs on a transaction
- The different types of creditor who might wish to regulate their priority
- What would happen if you didn't have an intercreditor agreement?
Laurie Hammond, Partner – Hogan Lovells
- Who should be a party?
- Ranking and priority
- Payments and payment stops
- Controls on different classes of creditors
- Enforcement of Transaction Security Voting
- Insolvency
- Turnover
- Disposals and release mechanics
Robert Byk, Partner – Slaughter and May
Kathrine Meloni, Special Advisor – Slaughter and May
- In what context are they used?
- How are they structured
- How do they differ from the LMA ICA?
- Hot topics in the EA market
- What is the process in the event of a dispute?
- How are conflicts between creditors resolved where there is no intercreditor agreement?
- Other issues lenders should be aware of when there are different classes of creditor/investor in a transaction
Chair: Wildu du Plessis, Partner – Baker and McKenzie
Sonal Sejpal, Director – Anjawalla & Khanna (Kenya)
Steven Gamble, Director – Norton Rose Fulbright (English law perspective)
Laura Kiwelu, Director – Norton Rose Fulbright (Tanzania)
Rachel Musoke, Partner – ENSafrica (Uganda)- Key definitions
- Different covenants for different sectors
- Testing of financial covenants
- Relationship between financial covenants and other parts of the loan agreement
Logan Wright, Partner – Clifford Chance
- Managing the restructuring process in a cross-border transaction
- Theory vs. reality
- Impact of intercreditor agreements on the restructuring process
- Resolving intercreditor conflicts
Tom Guilfoyle, Associate – Dentons