17th African School for International Financial Law

5 days 5-9 Nov 2018, Cape Town South Africa £3,645.00 Download brochure Add to basket

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This is a highly interactive and practical course covers a wide range of topics including international lending and project financing in five intensive days. The school, an essential tool for today’s international financial lawyer, focuses on the key legal issues and contractual framework governing many international financial transactions.

Throughout the five days, lectures and workshop sessions will alternate, providing you with several opportunities to participate actively in documentation exercises and enhance your ability in solving practical problems, while equipping you with the knowledge to overcome the myriad of pitfalls in international financial law transactions. Prior to the course participants will receive a study pack, which is essential background reading for the course.

Attend this five-day intensive training course and examine:

  • Covenants, events of default and other essential terms of a loan agreement
  • Key structural issues in secured lending, such as upstream guarantees and the use of SPVs
  • The circumstances in which Intercreditor Arrangements are required
  • Project finance and PPP structures
  • Risk identification and allocation in project finance
  • The bankability of Project Documents (Concession contract, construction contract O&M)
  • The essential terms of a project finance loan agreement
  • Security and sponsor support in project finance Working with international financial institutions
  • The different loan transaction structures, including revolving credit and multicurrency facilities



We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Cape Town
African School Faculty

Sue Wright
Sue Wright is a solicitor with over 18 years experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions. She was a partner in the banking department at Norton Rose for 8 years and was responsible for training assistants at Norton Rose for 2 years. Sue has been highly recommended as one of the leading experts in her field by the Legal 500 and by Chambers.

She was head of professional development at Herbert Smith and is now running an independent training consultancy, specialising in international banking.

John D. Crothers
John D. Crothers is a partner in the Paris office of Gide Loyrette Nouel. His practice concentrates on project finance, banking and privatisation in both the developing and developed world. John has advised international financial institutions, concession companies, operators, contractors and bidding consortia in infrastructure projects ranging from toll roads to IPPs, water treatment facilities and mobile telephony. Prior to joining Gide Loyrette Nouel, John was counsel to the EBRD in London and thus has indepth knowledge of how to work with IFIs. John is a member of the Bar in New York and Paris.


Cape Town

Cape Town Hotel

This programme takes place on a non-residential basis at a central Cape Town hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Cape Town hotels offer you a wide choice of different locations:
Mountain forest settings such as the Cellars Hohenort Hotels Cape Town located in the forest on the back of Table Mountain; Vinyard setting such as the prestigious Steenberg Hotel and Golf Estate Cape Town hotels;  Urban city Center life Arabella Sheraton Grand Hotel located in Cape Town City Center; Harbour setting like the Table Bay Hotel, Radisson SAS Hotel located in the Waterfront; Beach Resort setting like the Bay Hotel located on Camps Bay Beach.

For further information please visit http://www.south-african-hotels.com/cape-town-hotels/ 


Related Courses



Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:

Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.


We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:

Read more about our offering or complete a call back request to speak to a learning specialist.



Day 1

International Lending

The most common structures of loan transactions

  • Single banks and syndicated loans
  • Term loans and revolving credit facilities
  • Single currency and multi-currency facilities
  • Loan and guarantee facilities
  • Secured and unsecured facilities

Interbank markets

  • Interest period and interest rates
  • Match funding
  • Broken funding costs

Common terms of the loan agreement

  • Administrative provisions
  • Representations

Workshop: Part 1: Common expressions used in International Banking

Examining the common terms of the loan agreement

  • Covenants
  • Events of default

Workshop: Common terms of the loan agreement – Boilerplate provisions and tax

  • Indemnities
  • Set-off clause
  • Jurisdiction and governing law provision
  • Gross up clause

Loan transfers

Day 2

Secured Lending

Structural issues

  • Structural subordination
  • Upstream guarantees
  • Limitation on recourse
  • Use of spvs

Security Documentation overview

  • Security
  • The right in rem
  • The undertakings
  • The application of funds
  • The due diligence

Key legal issues

  • Governing law and jurisdiction
  • What courts have jurisdiction to deal with disputes in an international context
  • What law will be applied


Due diligence

Day 3

Security on Contracts and Intercreditor Arrangements

Security on Contracts

  • Commitments to inject capital
  • Put options, leases, offtake agreements and other contractual support
  • Contract assignments

Intercreditor Arrangements

  • The circumstances in which an intercreditor is required
  • Subordination of debt and security


Project Finance: Legal and Documentation Issues


  • What is project finance
  • Benefits
  • Issues

Risk Identification and Allocation

  • The players and their risks
  • How are they allocated
  • Techniques of risk mitigation and avoidance

Workshop: Preparation of a Risk Matrix


Day 4

Project Finance: Legal and Documentation Issues

Project Documents

  • Analysis of the Concession Project Agreement
  • Construction Contracts
  • Operation and Maintenance Contracts
  • Offtake Agreements
  • Key issues of bankability

Workshop: Risk allocation in a Desalination deal – Participants will be split into State, Developer and Bank teams.

Day 5

Project Finance: Legal and Documentation Issues

The Project Finance Loan Agreement:

  • What differences with corporate finance?

Non-recourse structures and exceptions

Dealing with IFIs and Bilaterals

Security packages

Workshop: Challenges of African Project Finance

Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product