Corporate Borrowing

Defines effective ways of raising debt finance - from bank loan agreements to MTN programmes - and examines the specific legal problems of security and prospectus requirements under the Prospectus Directive. This book examines the issues relating to the various types of security, asset backed securities, guarantees, and appointment of trustees.

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The law of borrowings embraces many different areas of law: contract, company law, trusts, security, insolvency, tax, financial services and regulation. "Corporate Borrowing: Law and Practice" brings together all of these elements in a practical and concise single volume. It defines the most effective ways of raising debt finance - from bank loan agreements to MTN programmes - and examines the specific legal problems of security and prospectus requirements under the Prospectus Directive. It examines the issues relating to the various types of security, asset backed securities, guarantees, appointment of trustees, attracting lenders and the statutory provisions regarding invitational material, and the tax implications of borrowings by companies.This fourth edition has been fully updated to reflect key changes introduced by the Companies Act 2006 and other recent legislative and case law changes.