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.

Geoffrey Fuller, Partner, Allen & Overy LLP

• The Nature of Borrowings
• Types of Borrowing (1): Bank Loans
• Types of Borrowing (2): Debt Securities
• Types of Borrowing (3): ECP Programmes
• Key Commercial Terms
• Security
• Structured Finance
• Subordination
• The Power to Borrow, to Guarantee and to Give Security
• Accepting Deposits
• Guarantees
• The Role of Trustees
• Attracting Lenders
• US Securities Laws
• Transfers of Lenders' Interests
• Variation of Rights
• Debentures
• Taxation
• Execution of Documents

"immensely practical ... it will be of great value not only to the practising lawyer but also to other professionals engaged in corporate finance"
Journal of International Banking Law and Regulation

"A no-nonsense, legal, practical, lucid and concise approach to corporate borrowing and the vast number of issues involved ... making reading it an absolute pleasure"
Journal of International Banking Law

"No serious corporate lawyer can afford to be without a copy of this essential book"
New Law Journal

"clear and reasonably accessible to the non-specialist, while containing a great deal of practical and legal guidance"
Corporate Counsel

"a practical and concise guide to this complex area of law and practice"
PLC

"a thorough and well-written overview of the relevant law"
ICCLR

"extremely helpful in explaining difficult concepts clearly"
Trading Law